Yes, you definitely can. There are no restrictions on foreigners owning property in the Dominican Republic.
The purchase of a property is made in U.S. dollars.
The property transfer tax is 3% of the property contract price, unless the property qualifies for tax exemptions.
No, you do not need to be a resident, but if you want to, I can help you find out if you can apply for residency in the Dominican Republic.
Yes, I also offer property management and AirBnb options, depending on the owners preference on long term or short term rental options.
Yes. There are banks in the Dominican Republic that finance your dream home… call me for details!
We assist you free of charge in the financing process with the banks of your preference.
The process can take between 30-90 days, depending on the bank.
No, please do NOT ever wire money to nobody promising you a reservation, no matter what other realtors might have told you. This is not common practice. It’s always easy to send money but difficult to get your money back. Always speak to your banker first and secure your funding. Call me for details or bank references to start the bank approval process.
Yes, but not at the very beginning. First you will work with me to find the home you are looking to buy. Then I write the offer and secure agreement from the seller. Once we have reached an agreement, THEN you will hire your lawyer. Lawyers in the Dominican Republic also serve as notaries and contracts have to be notarized in order to be legal. The lawyer can also help you with the title transfer process. I can provide you with recommendations for lawyers.
Lawyers in the Dominican Republic usually charge between 1-2% of the purchase price.
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