La Guía del Comprador de la Diáspora para Inmuebles en República Dominicana

Decide on location and purpose

Clarify what the property is for: personal use, rental investment, or future retirement? The answer drives location choice and affects the mortgage product you need.

Establish your budget and financing capacity

Run a HipoTech simulation before visiting the DR or engaging an agent. Knowing what banks will lend sets a real ceiling on your budget.

Assemble your document package early

Start with: 2 years tax returns, 3 months bank statements, employment letter, valid passport and cédula. If your cédula is expired, renew it through your consulate now.

Engage a Dominican attorney

Your attorney conducts the title search, reviews contracts, handles closing, and can act as your apoderado if you cannot be present. Ask for references.

Search for property with a licensed agent

The DR has no MLS system. Work with a licensed real estate agent. Focus agents on neighborhoods matching your purpose and budget.

Make an offer and sign a promesa de venta

Your attorney drafts the purchase promise agreement. It locks in price, terms, and a financing contingency protecting your deposit if the bank declines. Deposit: typically 10% of purchase price.

Submit mortgage application simultaneously to multiple banks

Through HipoTech, submit to all qualifying banks at once. Banks respond in 10–25 business days. Compare actual offers.

Commission the property appraisal

Select a tasador from the bank panel. Schedule the inspection. The completed report goes to the bank with your mortgage application.

Accept an offer and move to closing

Review the commitment letter with your attorney. If you cannot be present at closing, your attorney handles it with your poder notarial.

Set up ongoing management from abroad

For rental properties: engage a property management company before closing. Set up automatic mortgage payments via international wire.