Did you know that the Dominican Republic was the final landing place for Christopher Columbus in 1493? No? Well that's alright, because this article is not a history lesson but rather an intent to help you answer the following question:
Will the Dominican Republic be YOUR final landing place? And if so, WHERE?
Mortgage loans are quickly available to US - Canada - Europaen and Dominican citizens with any Bank, our local financial partners for real estate transactions. If you are looking at a built property or if you want to buy a land and build a house on top of it, in both cases they will help finance your project.
The first thing to do when looking to buy a property in the DR (with a loan) is to verify if you can actually apply for a loan. It will makes things move faster if you are decided on a specific property and also help your negotiation with the seller. The documents required by the Banks are the following:
- Copy of your passport plus other identification
- The two last tax returns
- Employment letter if employed
- A bank reference from your main bank
The tropical climate of the Caribbean region has always been alluring thousands of people escaping from the cold in their home countries. And the recent world economy changes seem to reinforce the tendency. Thus, the Caribbean nations constantly appear in international ratings of the best places to retire and buy real estate. Most importantly, the Dominican Republic is always cited among the first ones. But if you consider moving closer to the Caribbean sun, here are some useful tips about buying real estate in the Dominican Republic. We believe they will help you to take the right decision, save your time, and avoid some common mistakes.
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