Homes For Sale
Find One Just Right For You

With so many homes for sale available, how do you find the one that's just right for you? Many components make up a successful financial commitment this big. Here are some of the most important factors to consider to get it right.

What's the main reason you're looking at homes for sale? Will your property be purely an investment? or holiday home in the Caribbean that you and your family will use for part of the year?

If it's solely an investment, then crunching the numbers and facts are most important. If it's your second home (or even permanent one) there are other considerations which come into play. Such as tax implications for raising the money you'll need for the purchase.

Some people feel more comfortable with the advice of a financial adviser working with the specific details of their personal situation.

Here, it's advisable to hire a good lawyer (see footnote) to guide your decisions and protect your interests. A title search on your potential purchase is highly recommended to prevent problems later on.

Some general issues are common to financial planning, when buying property overseas that you need to know.

For example.......

• will you pay with money on hand, or do you need to borrow the money to buy?

• is it better to take out a mortgage in your home country or with a lender here in the DR?

• will your new property generate any income - as with rentals?

• Will you become a resident here in the DR? (this is fairly easy, but much less stressful with a lawyer's help)

• If retiring, what is the best way to set up your banking to have access to those funds - like pensions or RRSPs/401Ks - here in the DR?

• Is it better to own the property personally or through a company? your DR lawyer can provide up-to-date legal benefits of each

• Are you a current taxpayer or resident in your "home country?"

• Would it be more beneficial to borrow the money to buy? even if you can afford to pay outright? This would give you the flexibility to make other investments with your cash, if the cost of borrowing is low enough to make this viable.

Clarify these issues in your mind to make sound financial decisions about which of the many available properties or homes for sale is the perfect fit for you.

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Footnote: Lawyers are prolific in the DR, but good ones are a rare and invaluable resource! Ask for references, and do thorough "due diligence research" before hiring one. We'd be happy to share our knowledge + recommendations.

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Les works in real estate, so has access to all the available "homes for sale" listings on the north shore.

Just tell him what you're looking for, and he'll find your best match.

+++PLUS+++ He'll comp you a FREE STAY @Vecinos while property shopping!

He's happy to walk you through the entire process, from start to finish!

Tell us what you're looking for:

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