Steps to Consider When Buying Property in the Dominican Republic (Cap Cana).
Publicado por Angela Gonzalez
Steps to Consider When Buying Property in the Dominican Republic (Cap Cana).
The Dominican Republic, and especially Cap Cana, is not only a beautiful destination but also an excellent investment opportunity. As a real estate professional and property owner here, I can vouch for the immense potential this area offers. If you’re considering buying property in the Dominican Republic, specifically in Cap Cana, here are the essential steps to ensure a smooth and successful transaction:
Key Steps in the Buying Process
Legal Representation
Hiring a trustworthy lawyer is critical in the buying process. They’ll handle the title search, review contracts, and ensure all taxes are paid, protecting your investment. The lawyer’s fee is typically around 1% of the property’s value—a small price to pay for peace of mind.
Property Title Verification
It’s essential to confirm that the property has a clear title, meaning there are no outstanding debts or legal issues attached to it. This step ensures that your investment is secure and free from disputes.
Taxes and Fees
Along with the lawyer’s fee, you’ll need to account for a 3% title transfer tax based on the property’s appraised value. However, properties that are part of Confotur (a tourism incentive program) may be exempt from this tax, so it's worth checking if the property qualifies for this benefit.
Timeframe
The process typically takes between 30 and 90 days, depending on the complexity of due diligence and how quickly the paperwork is processed. Staying organized and responsive can help speed things up.
Why Invest in Cap Cana, Dominican Republic?
Cap Cana’s luxury amenities, pristine beaches, and potential for growth make it an attractive destination for property buyers. From world-class golf courses to exclusive resorts, the area offers an exceptional lifestyle. My personal experience with investing in Cap Cana has been incredibly positive, and I’m confident that you’ll feel the same once you explore the opportunities here.
Ready to Invest?
If you’re thinking about purchasing property in the Dominican Republic, specifically in Cap Cana, I’m here to help! As someone who understands both the investment and personal aspects of buying in this area, I can guide you through the process with confidence. Don’t hesitate to reach out—I’m happy to share more insights, tips, and trusted contacts to ensure your investment journey is a success.
Contact me today to start your journey in Cap Cana, Dominican Republic!
Angela Gonzalez