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Thread: Condos and houses prices

  1. #21
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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.
    Spot on.

    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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  3. #22
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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.

  4. Likes drstock, jinty05, Garyexpat liked this post
  5. #23
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    Very informative read guys!! Thanks for sharing this thread

  6. #24
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    ..........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.......

  7. #25
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    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.

    Sent from my SM-G900V using Tapatalk

  8. #26
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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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  10. #27
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    Quote Originally Posted by SKY View Post
    When you buy a Condo here you have to deal with Condo Association. Good luck. At least with a house you are the boss.
    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.

  11. #28
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    Quote Originally Posted by USA DOC View Post
    ..........Just look around at the amount of rental and for sale property....... many by absent owners.......that should tell you something............


    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.

  12. #29
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    Quote Originally Posted by ctrob View Post
    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.


    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.

  13. #30
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    Quote Originally Posted by ando1991 View Post
    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
    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
    Der Fish

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