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Vigny Ceballos - Broker
305-962-8485
Preguntas frecuentes
Most Common Questions
Yes. Foreigners have the same rights as Dominican citizens when it comes to property ownership. There are no restrictions on non-residents owning land or residential property in their own name. At RE/MAX Prestige, we specialize in guiding international clients through the legal process, ensuring all titles are verified and secure.
Typically, you should budget between 3% and 5% of the purchase price for closing costs. This includes:
• Transfer Tax: 3% of the property value (paid to the DGII).
• Legal Fees: Generally 1% to 1.5% for due diligence and contract formalization.
• Notary Fees: Small administrative costs for authenticating documents.
Yes, several Dominican banks (like Banreservas and Banco Popular) offer financing to foreigners. Typically, banks require a 30% to 50% down payment and proof of income from your home country. Alternatively, many of our pre-construction projects offer interest-free developer financing during the construction phase.
Our team performs a rigorous 7-step verification on every listing. We ensure the property has a clear "Certificado de Título," no outstanding liens or hidden debts, and that all boundaries are properly surveyed (Deslinde). We work exclusively with reputable attorneys to guarantee a 100% transparent transaction.
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