I agree but also visit the site at different times of the day. Check flood zone maps, if the builder is bonded and your investment is guaranteed. Also talk to neighbors , local police , local business association members to get data that you can make a informed decision. Awesome video
Great video. The DR is still affordable for mid entry buyers (working and middle class expats) Even cheaper if you want to live in a local community One thing to look out for is finding a good real estate agent I just interviewed a top agent in Santo Domingo and she couldn't show me a flood zone map. It took me 10 seconds to find one online ...she also couldn't show me if a new builder is bonded to guarentee/ protect your investment before it's completed. I realize most buyers don't verify these two questions but that is bad business on the buyers partner . Don't trust but verify. Great presentation , very informing I will be in the market to build or buy in the first or second quarter of 2025. Thank you for the video
Have a good lawyer. I like to flip properties before they are finished. They never deliver on time. However buying new you don't pay taxes for 10 years! If you are looking to flip make sure that the builder will allow you to flip and there are no penalties if you do. WRITE IT IN THE AGREEMENT. I also strongly recommend if you are looking for new construction is to do a check on the builder. Usually your attorney will have some input but do your own due diligence.
Thanks for this video Im definitely looking into adding more to my current portfolio and I just visited punta cana and santo dormingo and Im impressed. I will email you when i need more information
Also I found out by doing some investigating and some onsite research that the costs to build like 15 condos are cheap but hey no one wants to do the research thru site visits and hiring a Dominican lawyer
I was just in Santa Domingo three weeks ago. I wish I had known about this project so I could go visit. I’m interested in buying that one for $56,000 US. Is there a website I can go to to check it out?
Here is the URL www.palmasdesantodomingonorte.com/ This project has multiple sellers so if you're interested and want us to assist you contact me at sheisdominican@gmail.com
Since there is no MLS like here in the U.S, where is their a comprehisive site to view all real estate listings and projects thorough the country? Also,thawent to D.R last year and had 2 different realtors, both showed me the same apartment, but they each gave me different pricing. I backed away from the deal be ause of this. Do you recommend an honest realtor to work with?
Thank you for the video. Me and my wife are visiting Dominican Republic for six weeks with the intention of possibly moving there in the next two years. We liked the ones in Santo Domingo Norte .Would you be so kind to tell us the name of the building company?
Financing works the same as in the US with exception you're typically required to put at least 20% or more down and the qualifications may vary bank to bank.
Why are there always renderings but never finished products that we can see. Ive been seeing renderings for years. How long does it take to build some of these places?
It's a purchase agreement with the terms you and the seller agreed on. If you wanting specific details that will vary contract to contract. Anything specific you want to know if it's in there?
It depends on where you buy the furniture. You can find places like Illumel where furniture can be expensive. We have Ikea where it's fairly reasonable. Or you can go to Villa Consuelo where they make furniture and get it cheaper.
@@NorberisR He has point and real state is way overprice worldwide and eventually something has to give. It will come soon or later with layoffs and Bankruptcy from many corporations.
@@NorberisR I hear you and respect your opinion but I beg to differ. Another developing problem is the Haitian issue, the Biden administration is very keen on this, there may be repercussions for the Dominican economy, possible sanctions if Abinader continues with the deportations. What are your thoughts on this?
The best thing to do when buying there is to visit the sites in person before deciding.
I agree and always recommend to anyone before investing is to visit the site.
I agree but also visit the site at different times of the day. Check flood zone maps, if the builder is bonded and your investment is guaranteed. Also talk to neighbors , local police , local business association members to get data that you can make a informed decision. Awesome video
I will be in Punta Cana in January, interested. Do yo have the site I can check out?
Great video. The DR is still affordable for mid entry buyers (working and middle class expats)
Even cheaper if you want to live in a local community
One thing to look out for is finding a good real estate agent
I just interviewed a top agent in Santo Domingo and she couldn't show me a flood zone map. It took me 10 seconds to find one online ...she also couldn't show me if a new builder is bonded to guarentee/ protect your investment before it's completed.
I realize most buyers don't verify these two questions but that is bad business on the buyers partner . Don't trust but verify.
Great presentation , very informing I will be in the market to build or buy in the first or second quarter of 2025.
Thank you for the video
These are great questions and I agree one should vet the real estate agent. Not all here are created equal.
Appreciated text
Have a good lawyer. I like to flip properties before they are finished. They never deliver on time. However buying new you don't pay taxes for 10 years! If you are looking to flip make sure that the builder will allow you to flip and there are no penalties if you do. WRITE IT IN THE AGREEMENT.
I also strongly recommend if you are looking for new construction is to do a check on the builder. Usually your attorney will have some input but do your own due diligence.
This content is interesting, Thank you, Norbert's
My pleasure!
Great information sis. That one in Puerto Plata is interesting.👍👍👍
I thought so too.
Hey Norberis, excellent video. all of these seem very nice! Although, the one in SD Norte would be my first choice lol
I like the price of that one too.
Thanks for these interesting videos you put out., well done.
Thank you🤗
Looks great!
Great video 📹 👍 👏 👌 🙌
Thank you 👍
Thanks for this video
Im definitely looking into adding more to my current portfolio and I just visited punta cana and santo dormingo and Im impressed. I will email you when i need more information
Ok thanks
Luv this vid. I second and third project. They show promise 👍🏾 I'll reach out for more info
Ok🤗
The question is in the city or by the beach. LOL Has to be Santo Domingo luv that place.
Make one for renters and specials for those moving abroad...
I don't understand what you are asking. Can you be more specific..
@@NorberisR I think he is talking about Airbnb.
Rental properties
Love the video, how is Jacobo Majulata. I have passed through and seen all the developments. Just concerned with electricity in that area
As you say the area is growing and developing but there is still an electricity problem there. The power does go out.
Do you know of any new construction apartments in Higuey? Thank you!
Great question
I'll have to check around and get back to you.
Great Video. Can you make one about long-term rentals?
What about them?
Nice video. I'm not interested in the apartments but would love a 2 bedroom villa with a pool.
There many of them here...depending where you want to live
@@NorberisR Awesome, I would love to settle in one of the beach cities. Do you recommend any villas communities that are gated?
Vista Cana in Punta Cana is a great area with many amenities
Also I found out by doing some investigating and some onsite research that the costs to build like 15 condos are cheap but hey no one wants to do the research thru site visits and hiring a Dominican lawyer
I will be there in January i l❤ DR ,me gustaría vivir en Santo domingo o Punta Cana pero no se que hago como trabajo ,you're so cute too.
Gracias🤗
This is a very informative video. I have a question. What are the maintenance fees in those development
It can vary depending the area and type of building. It can be as low as $60 USD up to $200 USD
Hola, para cuando se termina las construcción de Palma? Estoy muy interesado con esa si me podrías da mas información
Mandarme un email sheisdominican@gmail.com
I was just in Santa Domingo three weeks ago. I wish I had known about this project so I could go visit. I’m interested in buying that one for $56,000 US. Is there a website I can go to to check it out?
Here is the URL www.palmasdesantodomingonorte.com/ This project has multiple sellers so if you're interested and want us to assist you contact me at sheisdominican@gmail.com
Any 1st floor units available? When can I view PALMAS property.
Yes, there is a 1st floor unit available. Are you currently in the country?
good morning when palma will be finish ? have they stared construction?
Yes, they've started building. They plan to deliver Dec 2025
How much is the one in vista Cana The colorful one
I mentioned in the video I can't remember.
Since there is no MLS like here in the U.S, where is their a comprehisive site to view all real estate listings and projects thorough the country? Also,thawent to D.R last year and had 2 different realtors, both showed me the same apartment, but they each gave me different pricing. I backed away from the deal be ause of this. Do you recommend an honest realtor to work with?
I find it strange that you were quoted 2 different prices for a brand new construction project. You can email me at sheisdominican@gmail.com
😍🥰😘
INVESTMENTS :) !
Thank you for the video. Me and my wife are visiting Dominican Republic for six weeks with the intention of possibly moving there in the next two years. We liked the ones in Santo Domingo Norte .Would you be so kind to tell us the name of the building company?
Let me get that information.
How does the financing work in the DR? What are some of the loan interest rate? Thanks
Financing works the same as in the US with exception you're typically required to put at least 20% or more down and the qualifications may vary bank to bank.
I'd like to be near an airport and a golf course 👍
Punta Cana
Why are there always renderings but never finished products that we can see. Ive been seeing renderings for years. How long does it take to build some of these places?
This how they sell properties here.
how much is thisper week
How much is what per week?
What exactly is in the contract to buy?
It's a purchase agreement with the terms you and the seller agreed on. If you wanting specific details that will vary contract to contract. Anything specific you want to know if it's in there?
Is it expensive to buy furniture and to have it delivered?
It depends on where you buy the furniture. You can find places like Illumel where furniture can be expensive. We have Ikea where it's fairly reasonable. Or you can go to Villa Consuelo where they make furniture and get it cheaper.
@NorberisR Okay Thank You
Nice done video. Very informative. Norberis What’s your Chanel in Spanish.
Norberis RD
Just puerto plata and you couldn’t pay me to live there
ok
you think baby 2
I don't know what you're referring too.
🫶🏿🫡👷♂️👷♀️
Nah, real estate is about to crash worldwide with the upcoming recession. Those apartments will sell by 20k pretty soon.
Ok feel free to sit and wait on that😅😅
@@NorberisR He has point and real state is way overprice worldwide and eventually something has to give. It will come soon or later with layoffs and Bankruptcy from many corporations.
I'll say to you too, feel free to sit and wait on that moment😅😅
@@NorberisR I hear you and respect your opinion but I beg to differ. Another developing problem is the Haitian issue, the Biden administration is very keen on this, there may be repercussions for the Dominican economy, possible sanctions if Abinader continues with the deportations. What are your thoughts on this?
Very good point!
Can you send me your email address? I have additional questions
sheisdominican@gmail.com