- Thread starter NewHere
- Start date
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Is it safe ?
Buyer beware !
There is no guarantee, which is why you always get a better deal, pre-construction.
Of course, the risks are greater.
You can name the vendor, location and any other details, to see if any DR1 members have inside info to help you make your decision.
There is no guarantee, which is why you always get a better deal, pre-construction.
Of course, the risks are greater.
You can name the vendor, location and any other details, to see if any DR1 members have inside info to help you make your decision.
I am considering something in Santo Domingo Este
NF Constructora S. A.
Ing. Nicolas Fernandez R.
Grupo Nifer
http://www.gruponifer.com
Office located in Piantini
NF Constructora S. A.
Ing. Nicolas Fernandez R.
Grupo Nifer
http://www.gruponifer.com
Office located in Piantini
I'm sorry, but it is such a typical 'Domincan' site ... everything jumps around so much that you do not know what you are in for....
NewHere, I hope someone more educated on this company than I could give you some input.
NewHere, I hope someone more educated on this company than I could give you some input.
D
DRbuyer
Guest
I bought a condo from them, located at the Colonial Zone. No title problem and delivered on-time. If you are still looking, i recommend.
if you look around a little more you will find lots of finished condos in SD,,,,,,,,,,,,,,,why wait?.................and better neighborhoods to boot........
if you look around a little more you will find lots of finished condos in SD,,,,,,,,,,,,,,,why wait?.................and better neighborhoods to boot........
I would never buy a pre construction project outside of the U.S. and in todays soft housing market, with rising interests rates, and rising foreclosures
only a fool would rush in.
Attorneys can check a title, but solvency issues of any contractor are not available for public scrutiny.
Govern yourself accordingly
As you are a new poster, I think you need to introduce yourself and tell us how you happened upon this thread, if you expect anyone to put any value to your recommendation..I bought a condo from them, located at the Colonial Zone. No title problem and delivered on-time. If you are still looking, i recommend.
Pre construction
I wouldn't touch it with a 10-foot pole in ANY country.
Nobody is gonna use my money but me. ................
Granted there may be some deals, but deals abound if you look around.
You're buying an intangible item and someone else's vision. One opinion.
I wouldn't touch it with a 10-foot pole in ANY country.
Nobody is gonna use my money but me. ................
Granted there may be some deals, but deals abound if you look around.
You're buying an intangible item and someone else's vision. One opinion.
Seconded opinion. I wouldn't buy pre-construction anywhere either. Saddest DR case was a group of Dominicans living in US who saved their dollars & bought in to a pre-construction scheme with a Dominican builder so that they could one day retire to their homeland. Builder owed money not on this project but on a different one, bank foreclosed taking the Dominicans retirement dreams with it. I think it might have been Popular but I'm not certain. So although the retirement homes scheme was sound, apparently, the builder wasn't and the US Dominicans money went to pay off a different debt builder had with bank.
In other words...Seconded opinion. I wouldn't buy pre-construction anywhere either. Saddest DR case was a group of Dominicans living in US who saved their dollars & bought in to a pre-construction scheme with a Dominican builder so that they could one day retire to their homeland. Builder owed money not on this project but on a different one, bank foreclosed taking the Dominicans retirement dreams with it. I think it might have been Popular but I'm not certain. So although the retirement homes scheme was sound, apparently, the builder wasn't and the US Dominicans money went to pay off a different debt builder had with bank.
Don't buy dreams !