Quote:
Originally posted by goatfarmnga
Hey Lee, The 12 acres I spoke about are in Yamasa' north of Santo Domingo 40 minutes. I am looking for rural property and my brother in law just bought that land and told me "Do not worry about property..it is way cheaper than you see on the internet as most people sell without a realtor" Therefore when I go there he will take me shopping for an appropriate area to live. I have to have horses (have to have... ) Locals see your skin and the price goes WAY up...(per my Dominican Brother in law)
|
Rural land and land in Sea Horse Ranch or oceanfront or oceanview in a tourist area are entirely different things. Most of the land where you will be looking is owned by Dominicans who are land poor. You won't have any trouble getting all the land you want for a good price.
However, what you will very likely have trouble with is getting land that has a good title. By that I mean land in the name of the seller, not his long-dead grandfather, and which doesn't have any liens against it. Dominicans buy and sell land without a title and have no trouble until they try to sell it to a foreigner who wants one, but just as soon as a foreigner buys land without a good title he/she can expect other family members to come forward demanding payment because they, too, own the land. When you buy land that is registered in the name of someone other than the seller, than there is nearly a 100% chance that there are others heirs that can also claim ownership to that land.
I doubt that your brother in law worries about titles, if he lives there, but you would be well advised to do so.
It is hard to find rural land that has a good title because it has probably been in the family a long time and the family hasn't had the money to bring the title up to date.
Be sure to consult a good attorney regarding land purchase, contracts, etc., even though your brother in law and his neighbors don't think it is necessary.