- Mar 19, 2016
For east coast and north coast for homes to buy. Or a website to recommend. Thanks in advance
Have family there. But they are not familiar with real estate. This DR1 is for research as well as helping members this is why I am asking for a trustworthy real estate agent. There is good and bad in everything. I have travelled all over south and central america and lived in Honduras for a couple years. Not my first rodeo. Thank youThis has been covered many times. You should know that there are absolutely no requirements of any kind to be a realtor in the DR. They will tell you whatever you want to hear with zero regard for the truth. Keep this in mind with who ever you choose.
Do not take their recommendation for a lawyer (which you will need) as they are probably related. Ask people you know and trust for a lawyer recommendation.
Lastly you should rent for a minimum 6 months in whatever area you decide on. That way you will get a true feel for the area.
If you have found a trustworthy realtor my hat is off to you. Don't lose her lolMaja Fasting. Tropical Living. German lady who does a lot of work done foreign embassies and big corporations. 100% honest and trustworthy and she covers the whole island. I've used her many times and would strongly recommend.
I've always financed through Banco Popular and let their lawyers handle the whole thing. Once the deal is done, I wait a month or so and pay off the loan. Easy peasy.Trust no one.. it's the wild wild west when it comes to real estate here..
I have done that also . only problem is there is a early 2.5 percent pay off penalty on the amount of the loan. but you definitely wont get swindle out of your money using the bank lawyersI've always financed through Banco Popular and let their lawyers handle the whole thing. Once the deal is done, I wait a month or so and pay off the loan. Easy peasy.
Added bonus: If the bank does it, you KNOW the docs are clear and legal.
Do you happen to have here website?
Thank you very much.
Trust no one.. it's the wild wild west when it comes to real estate here..
We seem to be thinking in an opposite direction.
The rules of real estate say that the agent works for the person who pays him.... normally, the seller
Here and in NoAmerica to a degree, people think the agent will work to lower the price for the buyer.
An agent's duty is to the seller...... unless he/she is acting as 'Buyer's Agent'.... a specific contract