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  #11  
Old 04-07-2008, 03:00 PM
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Chirimoya Level 2 Chirimoya Level 2 (120)
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A simple barrio-style house (cement blocks, zinc roof) would probably cost about that.
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  #12  
Old 04-07-2008, 04:16 PM
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RonS Level 1 (10)
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Quote:
Originally Posted by johnsantodomingo View Post
Maybe they are the seller themselves.
I would not be in the least bit surprised, John. My point is does the seller, who ever that might be, have what the seller is purporting to sell, that is, good title to transfer to the purchaser. It would be indeed unfortunate if the purchaser completes a sale of the property and then when she wants to sell in the future learns that she did not obtain good title when she purchased it. Due diligence and/or a good Dominican attorney is essential.
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  #13  
Old 04-07-2008, 05:18 PM
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amandalynn Level 1 (10)
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thank you all for the advice. the house that they want us to buy is a simple barrio-style from his aunt.. his family is not well off by any means. i know the market in the DR is really high right now and its not a good time to buy if you want to buy a nice place for a good price. i have been considering buying it so we have place to stay when i am there now and we have a place to stay when we go back and visit in the future. when you buy do you buy just the building or do you get the land too? i heard that sometimes you just buy the building.
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  #14  
Old 04-16-2008, 10:36 PM
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amparocorp Level 1 (16)
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no matter how much or little you pay for this house is irrelevant. this is his aunts house, that means that it will always be "his" families house, regardless of what it may say on the paperwork. if you get in a pond with alligators remember, that even though you are wearing a US coast guard approved life jacket, the pond still belongs to the alligators. if you split up you will never get a dime back, regardless of what any court may say. do you have the money to pay armed guards to take possession? that is what it will take to get the house away from "the family". will you split up, move back to US, canada, england, __________ (fill in blank) and wait for him to sell it and send you your proceeds? have a nice wait it ain't happening. rent it. does the aunt come with the place? where is she going? which one of the relatives will be living there when you are away in france? going to rent it out when you're not there? who will collect the rent? do you really think they will send you the rent? auntie will need the rent for an operation. how could you be so cruel? what class of tenants do you think you will get in this neighborhood? rent it from auntie, save your money. there are beautiful apts. in SD at good prices, something worth owning and proud to be an owner of, put it ALL in your name, tell him it is british law that if you take money out of mother england that it must remain in your name only for 20 years or their is a heavy tax problem that could affect his immigrant status.
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