Start Your Journey with RealtorDR
Buying A Home Guide FOR THE DOMINICAN REPUBLIC
Why the Dominican Republic?
Vibrant Culture and Warm Community
The Dominican Republic is renowned for its lively culture, friendly people, and welcoming atmosphere. Dominicans proudly share their rich traditions, music, dance, and cuisine, making newcomers feel at home.
Stunning Natural Landscapes
From pristine beaches and lush mountains to rivers and waterfalls, the DR offers breathtaking scenery at every turn, catering to both relaxation and adventure seekers.
Year-Round Warm Weather
Enjoy tropical temperatures year-round, perfect for a life of sunny skies and beach weather in every season.
Real Estate Investment Opportunities
The DR offers excellent property value with lower costs than other Caribbean locales, presenting high returns on vacation rentals and Airbnb.
Diverse International Community
The DR is a cultural melting pot, drawing residents from around the world and adding a vibrant, inclusive atmosphere.
Food Security and Quality
Producing more food than it consumes, the DR offers fresh, local produce at affordable prices, supporting a healthy, enjoyable lifestyle.
Island Lifestyle
Living in the DR means easy access to beach days, mountain hikes, and river excursions, creating a lifestyle that feels like a daily vacation.
Growing Economy and Booming Tourism
The Dominican Republic boasts one of the fastest-growing economies in the region, presenting valuable investment opportunities in a robust tourism industry.
Stable, Investment-Friendly Government
The DR’s government actively promotes foreign investment with incentives and stable policies, fostering a safe, welcoming environment for property buyers.
Adventure Capital of the Caribbean
From kite surfing to mountain trekking, the DR is a paradise for outdoor enthusiasts. Cabarete, on the north coast, is renowned as the watersport capital of the Caribbean.
High Quality of Life
The DR offers affordable healthcare and excellent, internationally accredited schools, providing comfort and quality for families.
Why Choose RealtorDR
Expertise
Our team brings the skills and dedication to make every step of your journey smooth and enjoyable.
Inventory
We offer access to the most extensive property listings in the DR.
Professionalism
With over 100 years of combined experience, our team provides unmatched service.
Diversity
Our international sales team brings cultural insights and multilingual support, ensuring seamless, efficient transactions and a personalized experience.
Why Choose RealtorDR
Expertise
Our team brings the skills and dedication to make every step of your journey smooth and enjoyable.
Inventory
We offer access to the most extensive property listings in the DR.
Professionalism
With over 100 years of combined experience, our team provides unmatched service.
Diversity
Our international sales team brings cultural insights and multilingual support, ensuring seamless, efficient transactions and a personalized experience.
What We Do for You
At RealtorDR, we prioritize a transparent, supportive relationship. Here’s what you can expect from us
Clear Communication
We keep you informed, answering questions promptly and keeping you engaged at every stage.
Market Expertise
Our team provides insights into the latest market conditions, property values, and community trends to guide your decisions.
Local Knowledge
We ensure you understand DR’s real estate practices, providing confidence and peace of mind.
Mortgage Broker
We connect you with reputable lenders, offering financing options tailored to your needs.
Comprehensive Property Search
We search across listings, including those of other agencies, to find properties that meet your criteria.
Transparency and Due Diligence
We disclose property details and collaborate with professionals to verify clean titles, legal compliance, and property conditions.
Professional Recommendations
We connect you with highly reputable attorneys and professionals for a smooth, thorough purchase process.
Documentation Excellence
We prepare and explain offer and contract forms, ensuring every transaction detail is covered.
Confidentiality
Your privacy is a priority, and any shared information is kept confidential.
What We Ask from You
For an efficient process, we ask for your partnership
Replace below picture with collage of pictures with clients
Honest Communication
Inform us of any changes to ensure we meet your evolving needs.
Good Faith Commitment
Enter contracts with a genuine commitment to agreed terms and timelines.
Financial Preparation
Complete loan applications promptly, if financing.
Agency Exclusivity
Let other agents know RealtorDR represents you for clarity and focus.
What We Ask from You
For an efficient process, we ask for your partnership
Honest Communication
Inform us of any changes to ensure we meet your evolving needs.
Good Faith Commitment
Enter contracts with a genuine commitment to agreed terms and timelines.
Financial Preparation
Complete loan applications promptly, if financing.
Agency Exclusivity
Let other agents know RealtorDR represents you for clarity and focus.
The Buying Process
Your Path to Property Ownership
Step - 1
Choose a Property
Tour properties with us and explore the DR’s unique offerings. We’ll help you find the ideal condo or villa to match your lifestyle and goals.
Step - 2
Offer of Purchase
Once you’ve chosen a property, we prepare a detailed Offer to Purchase, reviewing all terms before submitting.
Step - 3
Accepted Offer
Upon acceptance, you’ll meet with a property lawyer to discuss next steps, ensuring a smooth transaction.
Step - 4
Deposit and Due Diligence
Your deposit is held in trust, while due diligence checks verify title status, property condition, and outstanding fees.
Step - 5
Contract of Sale
Your lawyer drafts a Spanish contract with an English translation to ensure you understand all terms.
Step - 6
Balance of Funds
The remaining balance is paid in a single payment or stages for new constructions, with secure payment methods.
Step - 7
Deed of Sale (Contrato de Venta)
The Deed of Sale finalizes the transaction, transferring ownership. For resales, this follows the Offer to Purchase.
Step - 8
Welcome Home!
Congratulations! Ownership is transferred, or in cases of corporate ownership, shares are issued to you.
FAQs
Can foreigners buy property in the DR?
Yes! The buying process for foreigners and Dominicans is exactly the same. No matter your citizenship status, you can own property in the DR.
What are the additional costs in a real estate transaction?
Closing costs are typically 3.5% additional to the sales price. 1% would be for the lawyer’s fees and 2.5% go straight to the government for title transfers and taxes.
Can you receive quality healthcare in the DR?
Not only can you receive quality healthcare in the DR, it is very affordable. A standard visit to your General Doctor would cost less than $25 USD without insurance and you can get a top tier insurance policy for $400 USD per year.
Are there additional costs to home ownership?
Yes. Property taxes are 1% per year of the appraised value of the property in the tax office of approximately over $150,000USD. So if your property is officially valued at $200,000USD, you would pay 1% yearly property taxes on just $50,000USD.
How long can I stay in the DR?
The DR’s policy for extended stay of non-residents is one of the most relaxed in the world. You only need to pay a fee if you stay longer than your tourist visa. Your tourist visa from the airport expires in 30 days, so if you leave 30 days – 3 years after your visa expires, you will pay a fee at the airport that is calculated based on how long you stayed.
Do I need to get residency if I own property in the DR?
No. It is just as easy to own property in the Dominican Republic for citizens as it is for visitors. That being said, getting residency in the DR is a straightforward yet lengthy process that can be beneficial for some.
Can I get financing from a Dominican bank if I am not a resident?
For non-residents it is possible to get financing from local banks like Scotiabank or Banco Popular however, it is not common and most property transactions in the DR are cash purchases. Having residency or citizenship in the Dominican Republic can be advantageous when getting financing to buy property.
Contact Us
24 hours a day - 7 days a week
Get in Touch
- Office (Local): +1 (849) 633-1188
- Toll free from North America +1 (647) 370-8819
- [email protected]
- Office Hours 10am-5pm Mon-Fri / 9am – 12pm Sat / Appointment Only Sun
- Office Location – Super Pola Sosua Plaza
If you have not received a reply within 30 minutes, or are having any difficulties with this form, please do not hesitate to contact us directly at [email protected] +1(647) 490-5388.
Contact Us
24 hours a day - 7 days a week
Get in Touch
- Office (Local): +1 (849) 633-1188
- Toll free from North America +1 (647) 370-8819
- [email protected]
- Office Hours 10am-5pm Mon-Fri / 9am – 12pm Sat / Appointment Only Sun
- Office Location – Super Pola Sosua Plaza
If you have not received a reply within 30 minutes, or are having any difficulties with this form, please do not hesitate to contact us directly at [email protected] +1(647) 490-5388.