Most common mistakes when buying a property in the Dominican Republic
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- čas přidán 21. 08. 2024
- In this video, you will learn the most common mistakes buyers make when buying a property in the Dominican Republic and how to prevent further problems associated with purchasing a property.
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Great advice. I will share with my subscribers.
Hi Bridget, thank you very much; you are also doing a great job in benefit of foreign investors.
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00:01 🏡 Common Mistakes in Property Buying
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Thank you for your comment.
Great video! They are really informative. I looking to purchase real estate in Punta Cana and could use an experienced attorney to handle the leg word.
Hi Mr. Mckinzie, thank you very much for your comment, my team and I will be more than happy to assist you through the entire purchase process, if works for you we can coordinate a telephone call or Zoom meeting at your best convenience.
So happy I found you! I am in the US but am presently discussing the purchase of a property in a soon to be built large single family community in Punta Cana. I have been sent a contract model, availability model and other information to review. I hear you say people should seek out a lawyer first and that's great advice. Am I correct that the type of development I'm interest in sells only the structure? The land remains with the original buyer? Also, is it common to pay for new development properties in Punta Cana in percentage increments (a downpayment, then scheduled monthly payments, then a final payment)? Further, am I also correct that once I get to the final payment part that for me, I will need to sign documents in Spanish and at that time I should seek a lawyer out to assist me with title, other closing documents? Thank you for being here! Awesome video!
Thank you very much for your message, especially when buying a pre-construction property you should definitely have a lawyer to represent you from the very beginning and before committing to a payment plan, since you have multiple questions in regard to a none going process, I will prefer to set up a telephone call to answer questions and concerns if works for you, you can email me to the address below jconfidente@occlawyers.com or give me a call +1 809 3628282
@@puntacanalawyers Thank you so much! This consultation is free, yes?
@@Robrob.Adventures Yes, this consultation will be free
Great video! What type of questions should we ask the realtor when buying a new construction property? Especially as it pertains to reselling and using as a rental property investment ?
Hi Caro V, I hope you are doing great; we will do a video based on your question in the coming weeks. However, it is always good to establish in the reservation form or offer to purchase that the reservation deposit is refundable in case of a legal problem or missing document.
@@puntacanalawyers that is such a great tip , thank you
@@ccmcv2674 Thank you for your comment; we will continue to do more videos like that
Hi, I really like your videos. My question is about buying a property as a business. Is it legal to form an SRL with several partners to buy a property that will be the asset of this SRL?
Hello, Beaudry. I’m glad that you like our videos; we will continue to do more videos like that. Forming a company with multiple partners to buy a property in the name of the company is completely doable and legal if it works for you, we can coordinate a free consultation for more details.
Are there any red flags that we need to watch out for? How can we be sure the lroperty is actually ours?
Hi Tony, thank you very much for your message, when buying a property there are many red flags, this is why we recommend buyers to have a Real Estate lawyer to represent them when buying a property, Real Estate Lawyers are the only qualified experts to identify any red flag associated to a real estate transaction.
Great video. If we buy a property (villa) cash in Punta Cana, how much do a retiree couple needs to live?
That is a open question and very difficult for me to answer, but I understand this will depend on your lifestyle.
Hello, I just came across your video. I'm in the process of purchasing a property in Punta Cana and I need an Attorney.
Congratulations on your purchase,
It will be a pleasure for us to assist you in your purchase process. You can contact us via WhatsApp 1-829-790-3480 or by email jconfidente@occlawyers.com
I have just discovered your channel. I see you are in the Punta Cana area; can you recommend a real estate lawyer in the Sosua/Cabarete area?
Hi, thank you very much for supporting our channel, we can coordinate a telephone call so I can know more about your purchase and introduce you with the right person
Ive been looking for a real estate lawyer as well as a real estate agent to help me with a home purchase in cap cana or sosua do you recommend anyone?
Hi Daniela, thank you very much for your message. I happen to be a lawyer that conducts a lot of transactions in Cap Cana. Occasionally, we also work in Sosua. I will be more than happy to help you and refer you an agent that can assist you. We can coordinate a telephone call or Zoom meeting at your best convenience.
Question Can a sell add The buyer has to pay there legal fees.
Hi Dawn, I am not sure I understood your question. I will greatly appreciate more details on your question so I can give you the right answer.
Most common mistake is buying a property in a country of DOP with USD, you are literally buying a property for $150-200k on a country with low stability, no1 in death per automobile crash, zero security for your home, easy target for robbery… my logic is if a country where it’s own population can’t afford proper housing (take yourself through a little trip through Santo Domingo where people live piled up) is not worthy.
If you pay that much down there you’re supporting a few rich and corrupted while the rest of that nation is poor, like reeal poor.
Dominicans a simple beautiful people, but when basic humane things are scarce is when you see so much wrong going on there, people are really desperate there and even their ex president said their young with degrees can only work as a motoconcho (motorcycle taxi)
Thank you very much for your comment. I am not in agreement with your statement about the Dominican Republic and by the way. However, our country is improving daily thanks to investors who decided to invest in our country and many more who chose to reside in the Dominican Republic.
I am in agreement with Attorney Johan Confidante, the country especially certain areas of sdq are growing and vastly improving.
@@timothykalapis Hi Timothy, thank you for your comment.
And please tell us where to invest?
good morning i bought a villa they stated on my contract they stated that my project will be completed by by march 31 they say if one day passes they will reimburse us 40 dollar a day till completion on the project ..could this be true
Hi Glenia, thank you very much for your message, this is a consultation on a specific case, for which case we will need to review the contract and all the documents related.
@@puntacanalawyers good evening is in my contract i spoke with the developer and he states that he will put air condition in each room and living room but when i add the math i also have extra incentives like stove or etc i also told him to put in the addendum i will be there in august i have a contract already where is your office located in punta cana
@@user-hq2yk3bw6n Hi Glenia, thank you very much for your comment, we will be more than happy to assist you in your purchase process, we have offices located in Punta Cana right to the airport and another office in El Cortecito / Los Corales, if works for you, you can send us a text message via email or WhatsApp, please find our information below:
jconfidente@occlawyers.com
+1 829 7571573
@@puntacanalawyers great i will call you on the number you show me
Hi! Your office is in punta cana?
Hi , thank you very much for your message, yes, our office is located in Punta Cana, near to the airport, if you would like to connect directly with us, please contact our manager Greisa Escoto at +1 (829) 790-3480
I would like to request your services
Hi Arlenys. We have been trying to get in contact with you via email. Please let me know when is a good time to connect with you.