2 Answers

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Hello,

The great news is, it is not difficult to invest in property in the Dominican Republic and they have some beautiful homes available in stunning locations for very reasonable prices.

Here are some things you should know about buying property in the Dominican Republic: 

Residents and non-residents enjoy the same rights as property owners

Hire a real estate lawyer--there is a lot of fraud in this country and little protection for buyers

Real estate agents in this country offer higher prices to foreign buyers

A 10% deposit is required to reserve a property take it off the market

The lawyer will take care of the due diligence process

Payment for the balance owing is made to your lawyer’s escrow/trust account

There are certain documents you are required to submit to complete the transfer of the title

The lawyer will submit everything to the Title Registry Office where it will bear the new owner’s name

The entire process could take anywhere from 40 to 60 days to complete.

I hope this gives you a better idea of how it works! Good luck to you!

Ducky

Hello Thomas Allen. This question was asked 3 years ago. It was also well answered 3 years ago. Are you a realtor just trying to sneak in a little free advertising?