
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.
Regular Punta Cana payment plans Cash payments are:
5% to reserve the property for two weeks, until the contract is done.
This is moment when the first document is signed, a Purchase Agreement.
In that moment you will pay attorney 2000 usd to prepare a Purchase Contract in the next two weeks.
We always recommend a lawyer for your services.
In the moment of singing a Purchase Contract there is a 25% payment, and one month after 60%.
Depending out of the particular developer, seller, payment plans are:
Two to five thousand to reserve, complete 10, 20 or 25% with signing of the contract, then paying 40 to 60% during construction and the rest with the delivery.
Punta Cana payment plans Financing:
if you take financing in Dominican Republic, it can be Dominican bank financing, up to7 years, and 30% down payment, with 13.6% interest rate.
We work with Banco Popular.
There is also private, developer financing, Interest rate subject to negotiation (40% down payment) and 7 years financing.
In your country Banks will not give you financing for properties abroad, 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)