There are no restrictions on foreign purchase and ownership of property in the Dominican Republic. Property may be acquired as an individual, or in a corporate structure as a Dominican Republic company which is highly recommended.
As always, it is important to clarify one's desires and budget prior to making a real-estate investment. An additional challenge here is the lack of governmental supervision over approved construction plans. Since construction quality varies greatly from project to project, it is very important to make a well informed comparison prior to making your Dominican Republic investment. With our staff of European and local architects and civil engineers, Infiniti Blu assures you of a professional level of quality nearly impossible to find elsewhere in the country.
A $10,000 USD fully refundable deposit can reserve a desired condo unit for 3 weeks risk free. If within that time period, the decision to purchase is made, that deposit will be applied to the first payment which is due at the execution of the sales contract. Further payments are then made as construction progresses according to the payment option chosen. All of these financial transactions are facilitated through the secure escrow account services of Stewart Title.
In order to further increase the value of your investment, several other additional benefits are included. The purchase price includes the usual and customary closing costs using the internationally recognized law firm of Russin, Vecchi & Heredia Bonetti, and all fees associated with title guarantee, title insurance, and secure escrow services provided by Stewart Title. This provides a savings to the buyer of approximately 5-6% of the purchase price of the property.
Finally, to further add to ownership peace of mind, we offer an owners guarantee package that is quite remarkable. All owners receive a full two year guarantee on everything that is delivered to them in their condo purchase from Infiniti Blu. There is one exception. All roofing membrane integrity is guaranteed for a full five years.
Please contact us at any time to schedule a visit. Our experienced staff would be delighted to introduce you to the enchanting world of Infiniti Blu. |
