SERVICES
FOR OUR CUSTOMERS
BUYING
YOU EARNED IT
Each of our team members have been heavily involved in real estate development throughout their careers. Our founder also has a Bachelor’s Degree in Construction Management and owns a real estate/construction company in the United States.
Construction in the Caribbean takes on a different role and if you are not in the country, it is imperative that you have someone you can trust to check on the progress of your investment throughout its development. We are experts in this process and we will treat your investment as if it were our own.
We will ensure that your property is finished to your expectations and serve as a line of contact between you and the developer. We will be here to answer your questions and advise you throughout the entire process.
SELL YOUR HOME
WE WILL BE THERE EVERY STEP OF THE WAY
Selling your property can be stressful, especially in a foreign country with a language barrier. Finding the right real estate agency to partner with is the first step you should take and it should not be taken lightly. At Blue Caribbean Properties, we have assembled a team with undeniable reach. You will not sell your home simply by listing it on a website and waiting for offers to come flooding in. Getting top dollar for your property takes proper marketing, pricing and expertise.
With years of combined real estate experience, we can assure you that your property will be represented in the best possible manner. We have developed valuable relationships and partnerships with realtors and investors throughout the country to ensure that your listing will receive the attention it deserves. We also offer furniture staging and styling options to set your property apart from the competition and highlight its best fea-tures. We are always working with your best interests in mind. Contact us today to discuss your property and let us show you why Blue Caribbean is the best choice for your realty needs.
FINANCIAL OPTIONS
FINANCIAL ANSWERS
For foreign buyers, obtaining a mortgage in the Dominican Republic can be challenging, but it is possible. We recommend exploring financing options in your home country through a line of credit to secure the best possible interest rates. If this option is not feasible, there are two types of financing available in the Dominican Republic: seller financing, where the developer or seller offers the buyer a mortgage, and traditional bank financing.
If you’re considering a real estate investment in Mexico, the financing process for foreigners can be more flexible. Many banks in Mexico offer mortgages for foreign buyers, and there’s also the option of direct financing from developers in some real estate projects. It’s essential to research and compare interest rates and terms offered by banks and developers to find the financing that best suits your needs.
Some developers offer pre-sale opportunities on new real estate projects, an excellent option for foreign investors. As a buyer, pre-sales allow you to invest in real estate gradually instead of paying the full property amount upfront. Payments are broken down into stages, typically based on the construction progress. Initially, a small security deposit is required to reserve your property, followed by larger payments throughout the development, with a final payment due at closing.
Taking advantage of pre-sale opportunities is beneficial, as the property value tends to increase as the project nears completion.
15-Year Tax Exemption
Some properties in the Dominican Republic benefit from the CONFOTUR law, designed to promote tourism development in the Caribbean. CONFOTUR-approved properties are exempt from certain financial obligations, including the property transfer tax, which is approximately 3% of the property’s value. As a buyer of a CONFOTUR property in the Dominican Republic, you will also be exempt from paying property taxes for the period established by the law, typically up to 15 years.
Contact us to learn more about properties in the Dominican Republic that qualify for CONFOTUR and discover how you can take advantage of these tax benefits!
LAND CONTRACT
Some sellers and developers are willing to offer financing to buyers. In most cases, they require a minimum down payment of 20% of the purchase price. The contract must also be paid off within 7-10 years. Please note that these figures vary based upon the company. Please ask us for more information about clients and developers that offer land contracts.
BANK FINANCING
Scotiabank is now offering mortgages for residents of Canada, the United States, and the United Kingdom purchasing a second home in the Caribbean. For more details about this program, visit the Scotiabank website.
Additional options are available, but it’s important to note that interest rates fluctuate around 20%. These rates are also adjustable and can only be secured in Dominican pesos, which can fluctuate significantly against the dollar.
If you’re interested in real estate investment in Mexico, mortgage options for foreigners are also available. Many Mexican banks offer mortgages for foreign buyers, allowing financing in Mexican pesos. While interest rates can be more competitive than in the Dominican Republic, they do vary depending on the bank and the buyer’s profile.
Contact us to learn more about mortgage lenders in the Dominican Republic and Mexico and discover how you can take advantage of available financing options!
MORTGAGE INFORMATION
DOCUMENTS REQUIRED TO APPLY:
INSURANCE & LEGAL
HELPFUL INFORMATION
INSURANCE
In the Dominican Republic, insurance is available for approximately 0.8% of the purchase price. Policies generally include coverage for fire, lightning, earthquakes, hurricanes, floods, vandalism, smoke, liability, and more. While insurance is not mandatory in the Dominican Republic, it is highly recommended to protect your investment.
If you are considering real estate investment in Mexico, property insurance is also strongly recommended. Policies in Mexico typically cover damages from earthquakes, hurricanes, and vandalism, similar to those in the Dominican Republic. The rates generally range from 0.8% to 1% of the property value.
Our bilingual team will be happy to help you find an insurance company and a policy that fits all your needs, whether in the Dominican Republic or Mexico. We will assist you with all the necessary documentation and paperwork to ensure that insuring your property is a smooth and hassle-free process. Blue Caribbean Properties is here to assist you every step of the way, whether you are investing in the Dominican Republic or Mexico.
LEGAL
There are no restrictions for foreigners purchasing real estate in the Dominican Republic. However, before making a purchase, it is highly recommended to consult with a local attorney. Real estate laws and regulations in the Dominican Republic make it preferable to conduct a due diligence and review process through independent legal counsel to verify the legal and tax status of the property before making any formal decisions or payments.
The attorney will also assist with reviewing the sales contract and handling any necessary negotiations. We regularly work with several trusted real estate attorneys and highly recommend their services. Please contact us for a referral and more information about the legal process of purchasing property in the Dominican Republic.
For real estate investment in Mexico, it is also advisable to work with a Mexican real estate attorney. While there are no restrictions for foreigners, the legal process in Mexico can be complex, especially in coastal areas or near borders. An attorney will help ensure that all local procedures and regulations are properly followed, including verifying land ownership and compliance with the Foreigners’ Property Law.
Blue Caribbean Properties is available to provide you with attorney referrals in both the Dominican Republic and Mexico, and assist you at every step of the legal process in both locations.
FURNITURE PACKAGES
AVAILABLE FURNITURE PACKAGES
After purchasing your new property in the Dominican Republic or Mexico, the next step is to transform it into the beautiful and comfortable destination you envisioned. Imagine having your own personal designer to assist you with every detail in furnishing your investment. With our furniture packages, we can make furnishing your home a relaxing and enjoyable experience, all at a competitive price. We will work with you to define the goals for your space and then bring your ideas to life. Whether you already have a clear vision or prefer one of our design partners to handle it all, we can help.
We have partnered with the best designers and craftsmen in Punta Cana, Playa del Carmen, and Tulum to assist in every phase of the design and furnishing process. Our carpenters build custom furniture using materials native to the island, creating unique pieces. We also collaborate with local designers and furniture gallery owners offering a wide selection to fit any style.
Whether you’re designing a home for your family or a vacation rental in the Dominican Republic or Mexico, our partners will help you choose materials that can withstand wear and local climate conditions.
If you’re looking to sell your property, we also offer home staging services. Proper staging makes your home look welcoming and attractive, creating an emotional connection with buyers and helping your property sell faster and at the best price. Well-staged properties are more likely to sell quickly.
Contact us today to learn more about our furniture packages and home staging services in the Dominican Republic and Mexico.
FLY & BUY
WITH US
Ready to make your dream of owning property in the Caribbean a reality? Our Fly and Buy program is your direct ticket to the property of your dreams! Explore luxury properties and exclusive developments in the top Caribbean destinations, where your travel expenses will be part of your investment.
Here’s how it works:
1.- Register to apply: Schedule your visit and discover the best properties in the Caribbean.
2.- Explore the destination and select your ideal property: Travel to your chosen destination (Dominican Republic or Mexico). Explore the country and, with the help of our experts, find the property of your dreams.
3.- Reserve your property: Once you’ve found your ideal property, make a reservation.
4.- Your travel expenses become part of your investment: Once you complete an initial 20% down payment on your property purchase, we’ll reimburse you up to USD 2,000. It’s our way of thanking you for choosing Blue Caribbean Properties.
Contact us to learn more and begin your adventure toward owning our dream property in the Caribbean!