Real estate Dominican Republic - Astra Realty

Payment Plans

On the left side menu, you can see types of Dominican Republic Real Estate properties in Punta Cana (below the Search), I recommend first to send general inquiry, to define the budget and the location, if it is beach or golf, and to define the form of payment, if it is a cash or financing.

Punta Cana

Regular Cash payments are:

10% to reserve the property for two weeks, until the contract is done.

This is moment when first document is signed, the Purchase Offer.

In that moment you will pay attorney 700 usd to 1400 usd to prepare a Purchase Contract in the next two weeks.

We always recommend an lawyer for your services.

In the moment of singing a contract there is 30% payment, and one month after 60%.

Financing:

if you take financing in Dominican Republic, it can be Dominican bank financing, up to 15 years, and 30% down payment, with 9% interest rate.

We work with Banco Popular.

There is also private, developer financing, Interest rate subject to negotiation (30-50% down payment) and 5 years financing.

In your country Banks will not give you financing for properties here, but you can have Equity loan or Credit line financing.

Read more about Punta Cana Mortgage and Financing (US and Pesos financing in Dominican Republic)

 

info@realestatepuntacana.com


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By Milos Korac

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