Real Estate Fees

L

Lucy

Guest
If I were to purchase a home through a Real Estate Company - Who pays the realtor fees, the seller or the buyer? I know here in the states it the seller, but I don't want to assume anything and find myself dissapponted later. Anyone who has dealt with realtors in Santo Domingo - please feel free to post your experiences. Good or Bad! Thanks!
 
L

Lynne

Guest
Hello, I am a realtor on the northcoast and the vendor/seller pays the commission. To transfer the title from one individual to the next, there are transfer taxes. The buyer/purchaserpays approximately 5% of the declared value while the seller pays2%. The custom is that the lawyer for the buyer makes the contract and thus the buyer pays for that, sometimes the seller wants a lawyer to represent his interests so he will have to pay too. Hope that helps. Lynne
 
P

peter

Guest
Don't beleive any of this 55 and 2%, They usualy try to get as much as they can and it will be in the 20%. Specialy from those self made realtors. Stay away from Rio San Juan and Cabrera local or people from abroad. There is no protection and also, lawyers are not to be trusted You will end up in a tornado of unexpected fees

Peter
 
L

Lynne

Guest
Peter, You have obviously had a bad experience. No reason to blast the entire real estate and legal profession. Lynne
 
A

anna coniglio

Guest
I agree with Lynne Peter! You must have had a bad experience! But don't knock all professionals.
 
C

C. Stering

Guest
For more information on buying property in the D. R. click on:

<A HREF="http://www3.bravenet.com/forum/fetch.php?id=2833560&userid=XC87864">http://www3.bravenet.com/forum/fetch.php?id=2833560&userid=XC87864</A>

Copy the address, then paste it to your browser if the hot text doesn't work . . .

. . . CES
 
L

Lucy

Guest
Thanks for info

Thanks for all the information. The real estate information all helps. I more than anyone know about realtors and the bad rap some can give the whole profession. (I'm a retired realtor) I feel that dealing in a foreign country I shouldn't assume anything. Though I agree with everyone - Buyer beware - Just like home! Thank you to CES - the information I found was great.
 
P

peter

Guest
Re: Real Estate fees and more

My message had no intention of blasting the all of the professional but rather to protect people from certain known no so honest professional by not mentioning names by directing the specific area where certain profsesionals are not to be trusted.
 
You must log in or register to reply here.
Top Bottom