A helpful guide to details of Dominican Republic Real Estate transactions in Punta Cana, Puerto Plata, Sosua, Cabarete and other vacation and villa areas.
Summary: Inviting a Listing Agent over to take your details will allow them to assess a good market price, dependant on various factors: Location – Desirability – Condition - Construction - Land Value and your timing requirements for selling the property.
The Listing Agent would ask to have sight of and keep a copy of, the Title Deeds and, where possible, a plot plan.
We would also ask that you ensure that all utility (water, electricity, maintenance, telephone etc.) bills are up to date and all the property taxes paid. This may cause delays if not in hand.
Both the Seller and the Listing Agent sign an agreement for either an exclusive or non-exclusive listing.
When a buyer wishes to proceed, an "Offer to Purchase" is put forward which, if accepted, is signed by both parties.
A deposit is taken from the Buyer to be placed in their lawyer’s escrow account.
On closing (between 30 days to 90 days), the net funds are transferred to your account when you sign over the title to the property.
Getting Your Villa or Home ready for the Market
Try to see your home through the eyes of the Buyer. This should help save you time and money in selling your home, maximizing your opportunity to realize your asking price in the shortest possible time.
Un-personalize your Home
When considering a home to purchase, the buyer often visualizes what it would be like living there. If overly striking decoration, unpleasant odors, loud music or TV, noisy children or barking dogs, strong political or religious statements, or very unusual art or furnishings dominate your property; the potential buyers may not be able to imagine it as their own.
Always consider having fresh flowers and make a pot of coffee when potential buyers are expected. The smell is irresistible.
Checklist
Please consider how each of these areas of your home is presented in terms of state of repair, decoration, maintenance, and cleanliness:
Landscaping and boundaries
General Exterior Condition
Main Entrance (first impressions are important)
General Interior Condition
Kitchen, Bathrooms, Living Rooms and Bedrooms
Garage
Please feel free to pop into our offices for a more details on Home Enhancement.
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