Real estate in Dominican Republic: all conditions for buying and selling real estate


Dominican Republic is famous for its wonderful climate and year-round warmth, excellent conditions for recreation. In addition, this tropical corner offers very convenient conditions for investment and living. The country is distinguished for the better by such features as visa-free entry, the lack of restrictions for foreign citizens in the acquisition of secondary real estate and housing "from developers", the right to stay after six months of residence.

It is here that you can get up to 10% per annum from investment (in Europe, normal income is 3-5%).
Dominican laws are clear, transparent, and buying real estate will not be difficult.

Your house by the sea, which you can use or rent, is sensible and attractive.

Registration of the purchase begins with at least 10% of funds directly at the disposal of the future owner (the minimum deposit is about $ 3,000). The remaining amount can be transferred to the account of an attorney, and the procedure of clearance is entrusted to a notary and realtor.
We also recommend you to check prices for the best Villas in Dominican Republic, as well as the cost of living.

Where to start when buying a property in the Dominican Republic/ Villas near Sosua?
Having allocated funds for air travel and a trip in the host country, you can take literally a passport and a lien.

Buying a property in the Dominican Republic begins with choosing the right object. After this, the agent prepares a written request to the seller - Offer to Buy Real Estate. As soon as the conditions are fully agreed upon, the guarantee amount is deducted to the account, which is deductible in the final settlements with the seller.

Simultaneously with the pledge, the future owner signs a sales contract - this is a preliminary document, which is certified by a notary. Then the transaction is accompanied by a lawyer. Independently, transactions are not carried out even by private sellers.

Once the notary certifies the signatures on the contract, the buyer transfers the deposit amount. And only after that for one month you need to finally pay for the property.

The lawyer will check the data in all instances and finalize the contract for the purchase and sale of real estate. He will certify the document from the notary and completely assume the design of the new title - to the current owner.

It is important to know:
When buying a house, you also buy land. In the Dominican Republic the right of ownership of the land plot belonging to the villa is provided. And during transactions with apartments, the land is a condominium - that is, the possession of all the owners of the apartments.

Comments

Post a Comment

Popular posts from this blog

Why do you buy villas and condos in the Dominican Republic for an intensive holiday

It may be a long time for you to search for the best place to spend your holidays with your friends and family with an excellent outlook. To make your holidays more memorable and enjoyable, we give some special offers and properties for sale. Our properties are highly professionalised properties which are examined and built with an excellent team of constructors and designers. We offer villas and condos for sale also with farms and lands for constructing your own concepts and commercial spaces such as bars, hotels, restaurants, and complexes. Our team’s intensive service to the clients and buyers Our intensive service begins for the time you approach us. Clients are more satisfied with our service to them. Our development and registration of the property is in said time and makes the buyers more comfortable. Our delivery of the property is on time with proper finish with a trendy alignment. Most of our customers approach us with the referrals only. We thank all the referrals w...
Read more

Mistakes to avoid when you plan to buy a beach house

Those crashing waves, that lovely sand and the surfing to enjoy, what else do you need when you have a beach house to see and enjoy all this. But again while buying a beach house property, you need to consider some important things and make sure each step is done in a right manner. That is when you can think of choosing the best property by consulting the agent and then getting the right solution for your investment without any hassle. There are so many Villas In Cabarete Dominican Republic that you may come across but when it comes to choosing the right one, you must consider the best possible things that needs to be avoided. Are you sticking to your budget or not? You must be clear with what budget are you intending to set. It is important to be clear with every aspect of the budget that you wish to set when it comes to making an investment. Sadly, not everyone actually think of the right way and may keep a flexible option. But sticking to your budget won’t harm. Rather, yo...
Read more

Villas, condos and business space for sale in the Dominican Republic

Cabarete is one among the small towns in Puerto Plata of Dominican Republic. It is known for its beach and lots of people all over the world travel to Cabarete for this feature. It is approximately located 11 miles from the Puerto Plata airport in Camio Cinco. Kite Beach is of the well-known tourist spot in the town. It is located 1.5 miles to the Cabarete Bay west. It is the world known kiting beach, which is visited by paddle surfers every year. The Cabarete is home for all the kite surfers and the windsurfers in the Caribbean city. It is a small village nestled at the seashore of the Dominican Republic's north coast. It takes only 25 to 30 minutes to reach the beach and town from the Puerto Plata International airport. It is becoming as one of the hottest destination in the Dominican Republic for all the kiting beach and Cabarete Dr Real Estate . Villas and Condos in Cabarete Our properties are located in this location with lots of luxury ailments fixed in it. If yo...
Read more