Buying property in the Dominican Republic is an exciting opportunity for expats, retirees and investors. But how exactly does the process work? Here’s a clear, step-by-step guide that outlines what you can expect from the moment you make an offer to receiving the property title.

1. Find the Right Property

Whether you’re looking for a beachfront condo, a mountain villa, or a rental investment, the first step is selecting the right property. Work with a reputable local real estate agent who understands both the market and the needs of foreign buyers.

2. Make an Offer

Once you’ve found the ideal property, submit a written offer through your agent. Offers are typically negotiable, and once accepted, both parties move on to the reservation or promise of sale.

3. Sign a Reservation Agreement (Optional)

Most of the transactions begin with a reservation agreement to take the property off the market. This typically involves a small, refundable deposit and gives time for document review. It usually is about 10%.

4. Hire a Real Estate Attorney

A local attorney is essential. They will:

• Perform a title search
• Check for liens or encumbrances
• Verify property boundaries and registration
• Draft or review the legal agreements

Attorney fees usually range between 1% and 1.5% of the purchase price.

5. Sign the Promise of Sale (Contrato de Venta)

This legally binding agreement outlines:

• The final sale price
• Deposit amount (typically 10% of the price)
• Payment terms and deadlines
• Legal conditions and contingencies
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6. Complete Due Diligence

During this stage, your attorney ensures:

• The seller has legal title to the property
• No outstanding debts or legal issues exist
• Utilities and taxes are up to date

Once cleared, you can proceed confidently to closing.

7. Final Payment and Closing

The Deed of Sale (Contrato de Venta Definitivo) is signed before a notary. At this time:

• The buyer pays the remaining balance
• All parties sign official documents
• Closing costs are paid (usually 3% of purchase price, including taxes)

8. Title Registration

Your attorney submits the final documents to the Title Registry. Within a few weeks, you’ll receive your Certificate of Title, confirming legal ownership.

Foreigners have the same ownership rights as Dominican citizens and there are no restrictions on buying residential real estate.

Buying property in the Dominican Republic is straightforward with the right support. By following this process and working with professionals, you can safely and securely own a slice of Caribbean paradise.

Need help finding your perfect property or trusted legal support? Contact us to start your journey to property ownership in the DR!