I live off and on in the DR and land up paying a lot of rent. Most of the times the place is empty but considering what I have paid in last 4 years I could have very well bought it instead.
I am looking for an apartment that has:
3 Bedrooms, Nice Living Area, Good kitchen, Elevator, Standby Electricity in a safe area. Around 200sq mt.
I have no idea how much it costs, it might be a good thing to goto an agent but I need to gather enough information before I venture out, since my Spanish is not good I suspect the rates they would quote surely would be good.
I need rates in different areas:
a) Rates per square meter? I think that is a good measure to go with.
b) What would the rental value for the above places be?
c) Which areas should I look at. How would one group them? Like Naco > Bella Vista > xyz
d) Any discounts on paying up as cash?
e) What is the negotiation margin typically for these deals?
f) Things to be taken care in due diligence.
g) How much time would it take to close the things? What %age to be paid at signing and what %age typically at possession?
h) Are there cases in which half finished buildings never get completed?
i) Any references for the construction companies?
I know these things can be easily gotten from any local person but I wanted to learn from anyone of you.
I am looking for an apartment that has:
3 Bedrooms, Nice Living Area, Good kitchen, Elevator, Standby Electricity in a safe area. Around 200sq mt.
I have no idea how much it costs, it might be a good thing to goto an agent but I need to gather enough information before I venture out, since my Spanish is not good I suspect the rates they would quote surely would be good.
I need rates in different areas:
a) Rates per square meter? I think that is a good measure to go with.
b) What would the rental value for the above places be?
c) Which areas should I look at. How would one group them? Like Naco > Bella Vista > xyz
d) Any discounts on paying up as cash?
e) What is the negotiation margin typically for these deals?
f) Things to be taken care in due diligence.
g) How much time would it take to close the things? What %age to be paid at signing and what %age typically at possession?
h) Are there cases in which half finished buildings never get completed?
i) Any references for the construction companies?
I know these things can be easily gotten from any local person but I wanted to learn from anyone of you.