Originally Posted by rogerramjet1
I wouldnt bother looking for places to buy in the dr.
Much easier to build.
Only build if u plan to live in said house.
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I've purchased 3 distressed properties here, fixed them up, and sold them for a very good profit. It can be done.
But I've lived here for many years, and was in no hurry to buy or sell.
You really need to know the market before you plunge.
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Very informative read guys!! Thanks for sharing this thread
..........Just look around at the amount of rental and for sale property....... many by absent owners.......that should tell you something........oh yea and if you own, and cant do minor repairs, and upkeep on a property you buy............ good luck. if you can do major repairs on your property, you are ahead of the game......Doc.......
I think if you do your research and hear views of others, like in these forums, buying should be fine.
I still feel condos are a better bet. Absolutely, go with a good lawyer.
Guzman Ariza is always recommended.
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When you buy a Condo here you have to deal with Condo Association. Good luck. At least with a house you are the boss.
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Good point. If you do buy a property that has a Condo Association ask for the bi-laws and financial records before buying a condo. This will give you insight into whether or not the majortity of owners are paying their monthly fees and if the development has overall good financial stability.
Originally Posted by SKY
Originally Posted by USA DOC
I understand how that can look bad, but I don't see it as an omen. For 1, most of them are 2nd homes not the owners main residences, and 2, it's cheap to let a house sit empty. You don't have to heat it, it wont decay, and usually no taxes. That's the same reasons it's so easy for a Dom to build a house a little at a time.
I know of a house in Sosua that had sat empty for 30 years. Nothing left but bare masonry and concrete. It sold last year for 300k usd as is.
LOCATION LOCATION LOCATION
Originally Posted by ctrob
That's it then.
Best way to go let a house sit empty, as it won't decay!
Guess the new owners of the Ahnvee Resort were following this notion.
Have you checked out Pueblito near Puerto Plata? Supposedly one can buy a shell for $20,000 USD that has been sitting for 12 years or so and for another $8,000 get it finished out and live in it or rent it out. This is just from rumors I have heard, not from persona experiences
Originally Posted by ando1991