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Thread: Condos and houses prices

  1. #11
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    You don't say which price range you are looking at.If you have cash and are ready to move fast,in the under 100 grand market you can make direct offers at less than half the asking price in the agent's book.

    Either it works or it doesn't, but if it's a genuine offer it will nearly always work..Always worth a try.Just watch out for hidden costs like tricky titles,crooked lawyers,excessive condo fees,high priced power or water and bills outstanding.
    Just get advice first.Worked for me..

    Twice so far.

  2. #12
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    No one knows what is fair market value here. Sellers inflate what they got for the property. There is no MLS. it's catch as catch can. Easy to buy if you have full price in cash. Selling is usually a long term process. I bought at a fair price, did a lot of remodeling which is easy with concrete and had the pleasure of living in a nice house. Selling? Who knows? There are much better places in the world to invest in for profit real estate. Like anywhere in the real world. People come down here with the dream of living in paradise plus making a tidy real estate profit. Does not happen often.

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  4. #13
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    Thank you all for the input.
    I am leaning toward Cabarete. I will start with small investment(condo) in right location, close to beach.
    I doubt if I flip that quick, but believe in the future, the property will not lose value. It will at least bring rental income.



    Sent from my SM-G900V using Tapatalk

  5. #14
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    "will not lose value " OK , I like your optimistic outlook. Check out the sales history of the Playa Ventosa condos in Cab.

  6. #15
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    A rented condo may pay your condo expenses but don't think it's a sure thing that it will provide you with rental income.

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  8. #16
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    Rental laws in the DR are a lot different than in your home country. They greatly favor the renter. If you get the wrong people in, you will have a lot of aggravation getting them out. Consult any DR lawyer that does real estate first.

  9. #17
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    Honestly speaking....this is my advice
    if i had to do it all again after buying real estate here.
    1/ use Guzmans
    2/ trust nobody
    3/ Do not do business with any national period. PERIOD
    4/ Do not expect any national to hold up his end of the bargain /contract
    5/ Invest what you can afford to lose.
    6/ Do not believe you will win in court, if you are scammed. YOU WONT. Don't trust your lawyer unless its Guzmans
    7/ Do not do business here
    8/ rent here, and keep your money safe in your country of origin.
    9/ Never believe you can flip homes here, you cant
    10/ Do not let a national move into your house under any circumstances
    11/ Do plan to keep the house until your death
    12/ Do plan to actively use your home or rent it... because you sure as hell wont sell it.
    13/ Do deslinde it and fence it ...fencing here actually means something.


    My 2 cents
    In short...Dont f!@king bother. This country is far far to dangerous to engage in business safely.

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  11. #18
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    Quote Originally Posted by rogerramjet1 View Post
    Honestly speaking....this is my advice
    if i had to do it all again after buying real estate here.
    1/ use Guzmans
    2/ trust nobody
    3/ Do not do business with any national period. PERIOD
    4/ Do not expect any national to hold up his end of the bargain /contract
    5/ Invest what you can afford to lose.
    6/ Do not believe you will win in court, if you are scammed. YOU WONT. Don't trust your lawyer unless its Guzmans
    7/ Do not do business here
    8/ rent here, and keep your money safe in your country of origin.
    9/ Never believe you can flip homes here, you cant
    10/ Do not let a national move into your house under any circumstances
    11/ Do plan to keep the house until your death
    12/ Do plan to actively use your home or rent it... because you sure as hell wont sell it.
    13/ Do deslinde it and fence it ...fencing here actually means something.


    My 2 cents
    In short...Dont f!@king bother. This country is far far to dangerous to engage in business safely.
    In this country it's buyer beware, especially if you are a "gringo". If you are buying real estate and not dealing with reputable people than it's on you.

  12. Likes spanky27312 liked this post
  13. #19
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    When one says Guzmans, I am assuming Guzman Ariza.
    These lawyers are always recommended.

    Sent from my SM-G900V using Tapatalk

  14. #20
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    Quote Originally Posted by ando1991 View Post
    When one says Guzmans, I am assuming Guzman Ariza.
    These lawyers are always recommended.

    Sent from my SM-G900V using Tapatalk

    Yes, well respected, honest and dependable.

  15. Likes Lobo Tropical liked this post
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