Step by step all frequently asked questions from customers

Frequently Asked Questions Property Caribe FAQ

Step by step all frequently asked questions from customers

1. Why should I choose Property Caribe to buy or sell a property? A: Property Caribe has a team of highly trained real estate agents committed to providing excellent customer service. In addition, our extensive network of contacts and experience in the real estate market in the Dominican Republic allows us to offer a comprehensive and personalized service.
2. How can I schedule an appointment with a Property Caribe agent? A: You can contact us through our website, email, or phone call to schedule an appointment with one of our agents.
3. What are the fees that Property Caribe charges for the sale of a property? A: The fees for the sale of a property vary depending on the type of property, whether it is a house or land, as well as the geographical location of the property. Please contact one of our agents for more information.
4. What documents do I need to sell a property through Property Caribe? A: You will need a copy of your identity card, a copy of the property title, and any other document that supports the property.
5. How can I know if my property is appraised correctly? A: Property Caribe offers a property appraisal service by real estate professionals. Contact one of our agents to schedule an appraisal.
6. How can I increase the chances of selling my property quickly? A: Make sure the property is in good repair, prepare an attractive and accurate description, and set a competitive price.
7. Does Property Caribe only work with properties in the Dominican Republic? A: Yes, we specialize in properties in the Dominican Republic.
8. Can I trust Property Caribe real estate agents to negotiate on my behalf? A: Yes, our real estate agents are highly trained in negotiating and representing clients.
9. How can I be sure that my property will be promoted effectively? A: Property Caribe has an extensive marketing network that includes online advertising and traditional media, as well as a database of potential buyers interested in similar properties.
10. How can I find out if a property I'm interested in is available for purchase? A: You can contact one of our agents and provide the details of the property you are interested in, and they will inform you of availability.
11. What happens if I am not satisfied with the Property Caribe service? A: If you are not satisfied with our service, please contact our team so we can do everything we can to resolve any issues or concerns.
12. Does Property Caribe offer property financing services? A: No, however, we can refer you to reliable financial institutions that offer financing for properties in the Dominican Republic.
13. Does Property Caribe take care of the necessary legal documentation
14. What services does Property Caribe offer? A: Property Caribe offers services for the purchase, sale and rental of properties in the Dominican Republic, as well as advice and management of legal procedures.
15. How can I contact a Property Caribe agent? A: You can contact a Property Caribe agent through its website, by phone or by sending an email.

16. How much does it cost to sell my property with Property Caribe? A: The costs of selling a property with Property Caribe can vary, depending on the value of the property and the services contracted.
17. How can I find out how much my property is worth? A: Property Caribe offers property appraisal services to help clients determine the value of their property.
18. What documents do I need to sell my property? A: The required documents may vary by property and location. Property Caribe can advise on the documents needed to sell your property.
19. Can I sell my property without having a property title? A: No, it is necessary to have a valid title deed to sell a property.
20. How long does it take to sell a property? A: The time it takes for a property to sell can vary based on location, property type, and the current market.
21. What happens if my property does not sell? A: Property Caribe can work with you to adjust your sales strategy or consider rental or marketing options.
22. Can I sell a foreclosed property? A: Yes, it is possible to sell a foreclosed property, but there are some legal and financial issues to consider.
23. What options do I have if I want to buy a property on plans or pay installments? A: Property Caribe can advise on the options of a wide variety of projects in plans and that you can comfortably pay in interest-free installments.
24. How much do I have to put down to buy a property? A: The amount of the down payment can vary depending on the value of the property and the type of financing.
25. What legal procedures do I have to go through to buy a property in the Dominican Republic? A: Legal procedures can vary depending on the location and type of property. Property Caribe can advise on the procedures necessary to buy a property.
26. Can I buy a property if I am not a citizen of the Dominican Republic? A: Yes, foreigners can buy property in the Dominican Republic, but it is necessary to comply with some legal and tax requirements.
27. Can I negotiate the price of a property? A: Yes, it is possible to negotiate the price of a property, but it is important to consider the real value of the property and the current market.
28. How can I find out if a property has legal or fiscal problems? A: Property Caribe can carry out an investigation of the property to detect any legal or fiscal problems before making the purchase.
29. What if I find problems with the property after I buy it? A: Property Caribe can advise on the legal options available if problems are found.
30. What are the transaction costs that I must take into account when selling a property? A: Transaction fees that must be considered when selling a property in the Dominican Republic include property transfer tax, notary public fees, registration fees, agency fees, and appraisal fees.

31. How can I find out if my property has any liens or debts? A: To find out if a property has any encumbrances or debts, a review can be carried out at the Title Registry or at the corresponding Property Registry Office. A certification of no lien can also be requested from a lawyer specializing in real estate law.
32. How long does it take to sell a property in the Dominican Republic? A: The time it takes to sell a property in the Dominican Republic can vary depending on various factors, such as location, price, property features, market demand, and the ability of the real estate agent to promote the property. On average, the process can take between 3 and 6 months, and up to a year.
33. How can I increase the value of my property before selling it? A: You can increase the value of your property before you sell it by making improvements and repairs to the structure and appearance of the property. The presentation of the property can also be improved, including cleaning and proper decoration.
34. What is the commission percentage charged by a real estate agency for the sale of a property? A: The percentage of commission that a real estate agency charges for the sale of a property can vary, but in the Dominican Republic it usually ranges between 5% and 7% of the sale price.
35. What documents do I need to sell a property in the Dominican Republic? A: To sell a property in the Dominican Republic, various documents are needed, such as the property title, the certification of no encumbrance, the cadastral plan, the property tax and other documents that can support the legality and ownership of it.
36. How can I find out the real value of my property? A: To know the real value of a property, a professional appraisal can be carried out by a real estate appraiser. You can also compare the prices of similar properties in the area, considering the characteristics and location.
37. Can I sell my property if I am still paying the mortgage? A: Yes, it is possible to sell a property if the mortgage is still being paid. However, it is important that the owner is up to date with the mortgage payments and that they have the authorization of the bank or financial institution that granted the mortgage loan.
38. What is a power of attorney and why is it necessary to sell a property? A: A power of attorney is a legal document that authorizes one person to act on behalf of another in a real estate transaction. It is necessary to sell a property in case the owner cannot be there.
39. What documents do I need to sell a property? A: The documents required to sell a property may vary by country and region. In the Dominican Republic, some of the necessary documents include the title deed, the certificate of non-encumbrance, the property tax and any other document that proves ownership.
40. Is it necessary to hire a real estate agent to sell my property? A: It is not mandatory to hire a real estate agent to sell a property, but it is highly recommended. A real estate agent can help you determine the right price for your property, promote it effectively, and guide you through the entire sales process.

41. Can I sell my property on my own and without paying a commission to a real estate agent? A: Yes, it is possible to sell a property on your own without hiring a real estate agent. Keep in mind, however, that this may require more time and effort on your part, and you may not have access to the same network of potential buyers as a real estate agent.
42. Can I negotiate the price of a property with the real estate agency? A: Yes, you can always negotiate the price of a property, although it will depend on the specific situation and the willingness of the seller.
43. What documentation do I need to buy a property in the Dominican Republic? A: To buy a property in the Dominican Republic, you will need a valid passport, and a lawyer to help you with the legal paperwork.
44. What if I don't like the property I have bought? A: If the property you have purchased does not meet your expectations, you can look into the possibility of resale or short-term rental. It's important to note that reselling or renting may not be easy or profitable, so it's important to make sure you're completely satisfied before purchasing.
45. Can I buy a property if I am not a resident of the Dominican Republic? A: Yes, any person, regardless of their nationality or residence, can buy a property in the Dominican Republic.
46. What is a mortgage and how does it work? A: A mortgage is a loan used to purchase a property. The borrower (buyer) agrees to pay a fixed amount each month for a specified period of time, in exchange for the lender (bank or financial institution) lending him the money to buy the property.
47. Can I cancel a mortgage if I decide to sell the property? A: Yes, it is possible to cancel a mortgage when selling the property. The buyer must pay the balance of the mortgage at the time of the sale, and the lender (bank or financial institution) will issue a mortgage cancellation certificate.
48. What are the expenses associated with buying a property in the Dominican Republic? A: The expenses associated with the purchase of a property in the Dominican Republic include the price of the property, real estate agency fees, legal and notary costs, transfer taxes and property registration expenses.
49. Can I buy a property in the Dominican Republic as an investment? A: Yes, many people buy property in the Dominican Republic as an investment. Whether it is to rent the property short or long term or to resell it at an opportune moment, investing in real estate can be a profitable way to generate income.
50. What happens if I have a problem with my property after the purchase? A: If you have any problems with your property after purchase, such as legal problems, problems with the property itself, etc., it is important to seek the help of a trusted lawyer. The real estate agency can also help you.