Buying your dream home can feel overwhelming, especially if you're a first-time buyer. One crucial aspect that can feel like a foreign language is the jargon used in the real estate industry. To ease your journey, here's a breakdown of essential home buying terms you should know. Punta Cana: Mortgage TypesPunta Cana: Closing CostsPunta Cana: Real Estate TerminologyPunta Cana: FAQs Punta Cana:...
Understanding Punta Cana home buying terminology is the first step toward a confident and secure investment in the Dominican Republic. While the dream of owning a home here is exciting, the local real estate vocabulary can be confusing for international buyers. In my decade of experience, I've seen that mastering these key terms empowers my clients to navigate the process with clarity and avoid costly...
Think of this as your Rosetta Stone for the local real estate market. These are the terms you will encounter from your first inquiry to the final closing. Home buying terminology in Punta CanaCertificate of Title (Certificado de Título)Promise of Sale (Promesa de Venta)Due Diligence (Debida Diligencia)Confotur Law (Ley de Confotur)Down Payment & EscrowClosing Costs (Gastos de Cierre)Mortgage &...
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