Purchasing Dominican Republic real estate is quite different than in many other countries. There are fewer regulations and governmental oversight. For the most part, a Dominican real estate transaction is handled as a personal sales agreement between two parties. Frequently, the sales contract is a relatively short document simply identifying the property and clarifying the terms of sale.

Important Aspects of a Dominican Republic Real Estate Purchase

Due diligence with respect to title certification is most important. Details of the closing and transfer of the Dominican real estate are next in line. While the attorney may be involved in the title certification process, they usually have little to do with the closing details. Real estate agents handle this in Dominican Republic real estate transactions. It’s crucial to have a reliable agent by your side. An exclusive buyer’s agent will assure that the buyer’s interests will be properly represented.

Author: Rob Chenvert