Buying realty in la República Dominicana isn't that scary. But it is always better to know a little more, before making any investment. Learn now how to buy property in this country and what to expect during the process of it.
Step 1. Check and reserve the property
You selected the property and agreed with the seller on the terms of transaction. The next step is to go to the notary, where you need to conclude an agreement of intent. At this stage you make a deposit up to 10% of the total price of the property.
The agreement of intent must contain:
buyer’s and seller’s data;
description of the property;
cost and payment terms;
obligations of the parties.
From now on the property is taken down from the market and reserved for you.
After concluding the agreement the notary needs about 2-3 weeks to check the property.In the Dominican Republic, the notary is the guarantor of the legality of the transaction, who also collects and checks all documents.
Every property has both the title and the certificate of a legal status, which reflects the entire history of changing rights, arrests and restrictions, and cadastral documents, if it is a house or land plot. But lacking of cadastral documents does not prevent the final transaction. Although you have to take into account the cost of cadastral works in the total price. The notary must check these documents, issue copies and give you a guarantee that the property is free from encumbrances.
The notary also calculates all possible taxes and fees, prepares a contract of sale and receives a certificate of ownership. The rate for the service is about 1% of the real estate price.
Property For Sale
411 816 €
Villa in Cabarete, Dominican Republic
323 sq.m433
Online ViewingRemote TransactionCredit
These contemporary villas are nestled in their own small gated community within the highly sought after seaside community of Perla are turn key and ready to move into!
Each villa is open concept and features 3 bedrooms, 3.5 bathrooms modern finishes, and a private L shaped pool.
Atlantico Caribe
205 908 €
Penthouse in Cabarete, Dominican Republic
160 sq.m323
Our advantages:
- 50 meters to the beach
- Two bedrooms with King-size beds with orthopedic mattress
- Fully equipped kitchen with black marble countertops
- Large living room
- 2 balconies
- large sun terrace with sun beds on the second level and beautiful views of the garden, pools and mountains!!!
- 2 spacious bathrooms and an...
Atlantico Caribe
758 117 €
Apartment in Cap Cana, Dominican Republic
293 sq.m333
Be part of a first class development in the best area of the whole Dominican Republic, Capa Cana, where the Atlantiic meets the Caribean ocean, the best white sand beach in the country. Be awesome! Be style! Be luxury!
Habita International Estates Ltd
149 751 €
Flat in Punta Cana, Dominican Republic
103 sq.m322
Online ViewingRemote Transaction
2 BDR condo close to the beach, in the residence of El Dorado in Bavaro.
The condo has 2 separate bedrooms, 2 bathrooms with showers. A living room with a kitchen area, separated by a breakfast bar. Kitchen with comfortable kitchen furniture and all necessary appliances.
Also, the condo has a large covered terrace. There is a dining table...
Atlantico Caribe
112 314 €
Land in Cabarete, Dominican Republic
914 sq.m
Online ViewingRemote Transaction
Best deal in Cabarete you can get. A land, just 400 meters to the Encuentro beach . Buy and keep or buy and built. 2 Lots : 742.53 m2 + 171.82 m2 = 914.35 Sq. M
A really PERFECT beach so close. Perfect for apartments, villa or a hotel.
This is the oportunity to make you dream comes true!!! come to the Caribbean and enjoy the sun no matter...
Atlantico Caribe
154 431 €
Flat in Bavaro, Dominican Republic
88 sq.m322
Online ViewingRemote Transaction
A new apartment in Bavaro is located on the 3rd floor in a new residence. It is fully furnished with new furniture. Many details of the decor are imported from Spain and therefore have good quality. The new apartment itself is spacious and has a great view from the balcony. The apartment has:
a spacious hall with a dining area and a seating...
Atlantico Caribe
561 568 €
Land in Las Terrenas, Dominican Republic
10000 sq.m
Amazing land, probably the last piece with this characteristic in the whole Las Terrenas, Samana, where you have a front the main boulevard, flat area going all the way to the hill, giving an amazing ocean view. It can hold any business development or ocean view constructions (villa, appartment, condo).
Habita International Estates Ltd
326 645 €
Apartment in the Dominican Republic
272 sq.m433
3 bedrooms penthouse, 3 and a half bathrooms, service room, 2 huge terraces overlooking the golf course, 1 balcony. Very good for airbnb, since proerty has gym, restaurant, club house with beautiful pool, hearing birds singing in connection with nature
Habita International Estates Ltd
158 175 €
Townhouse in Punta Cana, Dominican Republic
96 sq.m432
Online ViewingRemote Transaction
The townhouses in the new project will be ready for occupancy in March 2024.
The Project has an excellent location in Bavaro, Punta Cana resort. It is close to all infrastructure and close to the beaches of Bavaro.
Distance
5 minutes to the gym
5 minutes to the Plaza Lama supermarket
5 minutes to Bibijagua Beach
10 minutes to...
Atlantico Caribe
1 403 920 €
Villa in Puerto Plata, Dominican Republic
550 sq.m979
Online ViewingRemote Transaction
Luxury villa
Atlantico Caribe
140 392 €
Flat in Cabarete, Dominican Republic
58 sq.m211
ResidenceOnline ViewingRemote Transaction
Welcome to the beach lifestyle of your dreams! This stunning furnished one bedroom apartment is located in a picturesque complex.
The condominium boasts an attractive interior, beautifully furnished with stylish decor that radiates comfort.
The bedroom is a peaceful haven where you can relax after a day spent in the sun or exploring nearby...
Atlantico Caribe
931 267 €
House in Punta Cana, Dominican Republic
550 sq.m655
The villa is located in one of the most popular residences on the east coast of the Dominican Republic: Puntacana Village. The residence has a developed infrastructure (international school, banks, supermarket, offices, pharmacies, shopping centers and much more). All owners in Puntacana Village have access to the Playa Blanca beach club,...
Habita International Estates Ltd
435 215 €
House in Puerto Plata, Dominican Republic
228 sq.m433
The villa is in a gated residency of 6 villas, called Villas Del Cerro, which is located in Cerro Verde, a gated urbanisation. It's a green, quiet and relaxed neighbourhood just 10 minutes walk to the beach and Playa Dorada. The villa is modern open plan design with high quality finishes. The entrance has an open ceiling, view of the garden and...
Habita International Estates Ltd
290 143 €
Apartment in Punta Cana, Dominican Republic
146 sq.m322
CitizenshipCryptocurrency payment
Immerse yourself in the legend! The fantastic Atlantis project in the heart of Punta Cana combines terraces with panoramic views, a beach club, a commercial center with an area of 10,000 m2, a boutique hotel, green recreation areas, jogging paths and sports fields. We offer spacious 2-bedroom apartments with a total area of 145 m2, with a large...
Dos Palmeras Inmobiliaria
795 555 €
Apartment in Bayahibe, Dominican Republic
500 sq.m644
3 storeys penthouse, 3rd, 4th and 5th floors, elevator, all floors with an incredible ocean view, 4 bedrooms, 4 bathrooms, large living room with kitchen in in 3rd floor, second living room with kitchen in 4th floor, terraces all around 3rd and 4th floor, and 5th floor with a pool, having a 360 ocean view, dominating the city of Bayahibe, and...
Exquisite, gracious tropical villa featuring five bedrooms, five bathrooms, one half bathroom, open living room with great view to the Marina, Dinning room and terrace with open view to the cozy jacuzzi and swimming pool with lush gardens. A must see!
Atlantico Caribe
448 318 €
House in Sosua, Dominican Republic
207 sq.m222
This stylish home is all about relaxed living and a choice of spaces. Indoor rooms meld with outdoor areas - all with soul-lifting views, cooling breezes and a thoughtful design made for real tropical living. Enjoy several terraces, generous great room, outdoor bar, open pool area and large bedrooms, each with its own bath. Can be built as a two...
New complex on the Caribbean coast is a brand-new innovative project. Its location close to the Caribbean Sea and the infrastructure included in the project, attracts the attention of many who want to have a home in the Caribbean. Residential complex will be built not only with the latest technology and considering the specifics of the tropical...
Atlantico Caribe
504 475 €
Villa in Sosua, Dominican Republic
275 sq.m544
ResidenceOnline ViewingRemote Transaction
Villa in a gated community in Sosua
Atlantico Caribe
290 143 €
House in Punta Cana, Dominican Republic
350 sq.m654
ResidenceOnline ViewingRemote Transaction
This charming home, located in one of the best residential areas of Punta Cana, offers you the peace, security and above all the comfort you are looking for. Escape from the hustle and bustle of everyday life.
With a private pool and large open spaces designed for outdoor entertaining and relaxation.
Inside, this residence offers an elegant...
After checking the property, you conclude a purchase and sale agreement or a "promise of sale" agreement, if the property is purchased in installments.
This document must be signed in the presence of a Dominican notary. If you can't attend the transaction yourself, you can conduct it remotely. In almost every country there is a Consulate of the Dominican Republic. Their staff are remote notaries of the Dominican Republic and issue power of attorney for a realtor or other representative. A proxy can conduct a purchase and sale transaction without your personal presence.
Step 3. Paying for property
In the Dominican Republic it is not prohibited to pay in cash for real estate. However, there may be restrictions on export of cash in the buyer's home country. In some cases you can export up to $10,000 from without declaring it. But most transactions with foreigners are made via bank transfers.
You can also transfer funds directly to the seller or a notary. In the second case, the notary will forward the sum to the seller through their accounts.
After the full settlement is done, the notary registers the new owner and receives the title in their name. The state registration process can last from 3 weeks to 1.5 months. You don’t need to pay anything, all state fees are included in the notary's fee.
The stage at which the keys are transferred to the new owner is decided individually. Some owners may transfer the property immediately after signing the purchase and sale agreement, while others will want to wait for funds to be received. It must be spelled out in the contract.
On average, a typical transaction takes 3-4 months. If there are encumbrances, it may be delayed. But as a rule, sellers are interested in completing the process as soon as possible, so they start preparing documents in advance. The notary will simply confirm this information after that.
