{"id":4827,"date":"2022-12-19T18:33:38","date_gmt":"2022-12-19T18:33:38","guid":{"rendered":"https:\/\/di.realhomes.io\/ultra\/?page_id=4827"},"modified":"2024-04-17T00:31:39","modified_gmt":"2024-04-17T00:31:39","slug":"faqs","status":"publish","type":"page","link":"https:\/\/coralbayrealestate.com\/fr\/faqs\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t
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If you\u2019re contemplating moving to or buying property in the Dominican Republic, you\u2019re in for an exciting journey. In this comprehensive guide of frequently asked questions, we\u2019ll explore the benefits and risks of investing in real estate in this Caribbean gem. Whether you\u2019re seeking a vacation home, a rental property, or a long-term investment, we\u2019ll provide you with all the information you need to make an informed decision. Let\u2019s dive in!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t<\/i> Financing Property in the Dominican Domincian Republic\t\t\t\t<\/h4>\n\t\t\t<\/div>\n\t\t\t
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Financing can be had either via one of two options. The first option, which is generally the easiest and quickest, is to check if the property owner will finance the property for you. Typically this is a short-term finance over 5 years with 50% downpayment. There are variations on this, dependent upon the property owner.<\/p>\n\n\n\n

The 2nd option is to approach a bank for a Mortgage that follow a similar format as your home country. We work with Banco Popular & Scotiabank to help you start your Dominican home-owning dream.<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t<\/i> What is the difference between a real estate agent and a real estate broker?\t\t\t\t<\/h4>\n\t\t\t<\/div>\n\t\t\t
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In N America, most states require real estate sales professionals to be licensed by the state, so that they can control education and experience requirements and have a central authority to resolve consumer problems. The terminology used to identify real estate professionals varies a little from state to state. Brokers are generally required to have more education and experience than real estate salespersons or agents. The person you normally deal with is a real estate agent or salesperson. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker\u2019s name, not the salesperson\u2019s. A broker can deal directly with home buyers and sellers, or can have a staff of salespersons or agents working for him or her. However, in the Dominican Republic and most other countries in the world, this is not the case. <\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t<\/i> Why should I use a real estate salesperson?\t\t\t\t<\/h4>\n\t\t\t<\/div>\n\t\t\t
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A real estate salesperson is more than just a \u201csales person.\u201d They act on your behalf as your agent, providing you with advice and guidance and doing a job \u2013 helping you buy or sell a home. While it is true they get paid for what they do, so do other professions that provide advice, guidance, and have a service to sell \u2013such as Certified Public Accountants and Attorneys<\/p>\n\n\n\n

The Internet has opened up a world of information that wasn\u2019t previously available to homebuyers and seller. The data on listings available for sale is almost current \u2013 but not quite. There are times when you need the most current information about what has sold or is for sale, and the only way to get that is with an agent.<\/p>\n\n\n\n

If you\u2019re selling a home, you gain access to the most buyers by being listed in the Multiple Listing Service. Only a licensed real estate agent who is a member of your local MLS can get you listed there \u2013 which then gets you automatically listed on some of the major real estate web sites. If you\u2019re buying or selling a home, the MLS is your agent\u2019s best tool.<\/p>\n\n\n\n

However, the role of an agent has changed in the last couple of years. In the past, agents were the only way home buyers and sellers could access information. Now agents are evolving. Because today\u2019s home buyers and sellers are so much better informed than in the past, expertise and ability are becoming more important.<\/p>\n\n\n\n

The real estate agent is becoming more of a \u201cguide\u201d than a \u201csalesperson\u201d \u2014 your personal representative in buying or selling a home.<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t<\/i> Building a Villa in the Dominican Republic\t\t\t\t<\/h4>\n\t\t\t<\/div>\n\t\t\t
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Building a villa in the Dominican Republic can be a very financially rewarding investment. You get the design that you want at quite often prices below resale. Some projects that we work with, will also allow clients to rent a villa for free while their construction is in process.
We only work with professional builders who have a proven track record of design and construction. Viewing on completed villas and villas in construction can be arranged on request.
Payments are structured based on results ensuring your money is safe and that the design is completed on schedule to exact standards. In all instances, a local lawyer should be used to formalize the construction contract and ensure that it is correctly notarized.<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t<\/i> Purchasing a Property in the Dominican Republic\t\t\t\t<\/h4>\n\t\t\t<\/div>\n\t\t\t
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Real estate transactions in the Dominican Republic are governed by Property Registry Law No. 108-05 and its Regulations, in force since April 4, 2007. Ownership of property is documented by \u201cCertificates of Title\u201d issued by Title Registry Offices. Read more about Purchasing Dominican Republic real esatate<\/a>.<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t<\/i> Residency and Immigrating to the Dominican Republic\t\t\t\t<\/h4>\n\t\t\t<\/div>\n\t\t\t
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In general, Dominican law reflects the welcoming nature of the Dominican people, permitting entry of most foreign nationals whether visiting for pleasure, business, or retirement. <\/p>\n\n\n\n

Depending upon your circumstances, there are multiple avenues to living in the Dominican Republic. It is best to initially consult your local Domincian embassy in your home country and if needed, a Residency \/ Immigration lawyer.<\/p>\n\n\n\n

In addition, many foreign nationals can obtain residency or citizenship by submitting properly prepared documents, completing legal formalities, and waiting prescribed time periods. <\/p>\n\n\n\n

The principal laws regarding immigration are the Constitution, General Immigration Law 285-04, its predecessor Law 95 of 1939, Immigration Regulation No. 631-11, and Law 171-07 regarding special incentives to retirees.<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t <\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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