RESOURCES
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 over 30 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.

LONG-TERM RENTAL INFO

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.

Blue Caribbean Properties offers a wide scope of services ranging from vacation rentals, property management, long-term leasing and everything in between. Whether you need full-service property management or someone to check on your vacant home, let us be the ones to help. We are happy to customize a service package to meet your needs. Our friendly and experienced staff sets us apart from the competition.

A FEW OF OUR SERVICES

Real Estate Management & Leasing
Vacation Rental Management
Long-term Rental Management
HOA & Condominium Management
Housekeeping Services
General Construction & Maintenance Services
Vacant Property Inspections

PROPERTY MANAGEMENT

Hassle-Free Property Management

If you are looking to rent out your property and earn passive income, hiring a property manager may be in your best interest. When it comes to running a successful vacation property, the work never stops. It means attracting guests to your listings, ensuring they have a great stay, chasing down great reviews, and then cleaning up and starting all over again.

If your permanent residence is outside of the country, these tasks become an even greater challenge. We can help you find a property manager to assist with or take over all of your responsibilities as a rental owner. Services generally include listing your rental online through various booking channels, pricing each rental and adjusting prices for specific calendar dates, answering inquiries from current and potential guests, coordinating with cleaning staff to ensure the rental is clean and prepared for each guest, etc. Hiring a property manager will take the stress out of owning a vacation rental and allow you to enjoy your piece of paradise while earning a great return on your investment..

With over 30 years of combined property management experience, Blue Caribbean Properties has built a solid foundation on vacation rentals, long-term rentals and management services. As vacation rental market demands have grown and changed, we have also expanded to offer a wider variety of services. We are proud to say that we have developed solid and effective systems for everything we do – from house cleaning and rent collection to vacation check-ins.

A FEW OF OUR SERVICES

Real Estate Management & Leasing
Vacation Rental Management
Long-term Rental Management
HOA & Condominium Management
Housekeeping Services
General Construction & Maintenance Services
Vacant Property Inspections

All of these services and systems, paired with our dynamic and experienced team, form an unmatched synergy. Our mission is to provide our clients with management solutions that help their properties operate smoothly, increase desirability and enhance investment value.

FINANCIAL OPTIONS
FINANCIAL ANSWERS

For foreign buyers, obtaining a mortgage in the Dominican Republic is extremely difficult. It is recommended that you obtain financing in your home country through a line of credit in order to obtain the best possible interest rates. If financing through your home bank is not an option, there are two types of financing available in the Dominican Republic: seller financing where the seller/developer is willing to provide the buyer with a mortgage and traditional bank financing.


Some developers offer pre-sale opportunities on their new projects. As the buyer, this allows you to ease into your investment rather than being responsible for the full amount upfront. Payments are broken up into stages, usually based upon the progress of the development. A small security deposit is due upfront to place a hold on your property, larger payments are due throughout the development of the property and one final payment is due at closing. Buyers often benefit from taking advantage of pre-sale opportunities, as the value of the property only increases as the project nears completion.

$5,000 USD reservation fee
20% downpayment
4 payments of 15% during construction process
20% due at closing

15-Year Tax Exemption

Some properties also benefit from the CONFOTUR law, which aims to promote tourism development in the Caribbean. Estates covered by CONFOTUR are exempt from financial obligations that you would normally pay including transfer tax on property rights, which is about 3% of the property’s value. As a buyer of a CONFOTUR property, you will be exempt from paying property taxes for the specific period of approbation of the law within the project as well, which is generally 15 years. Contact us to find out more about properties that qualify for CONFOTUR and how you can take advantage of the 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

Scotia Bank is now offering mortgages for Canadian, United States, and United Kingdom residents who are purchasing a second home in the Caribbean. Additional information about this program can be found at the Scotiabank website.

Additional options are available, but it should be noted that inter-est rates fluctuate around 20%. The rates are also adjustable and can only be secured in pesos, which moves a great deal against the dollar. Please ask us for additional information about mort-gage lenders in the Dominican Republic.

MORTGAGE INFORMATION

Maximum loan amount is 70% of appraised property value.
Maximum finance term is 25 years.
Interest Rate is 5.95%% annually.
Loan applicant must own a first home in Canada, US or UK
Minimum age to apply is 21 years of age

DOCUMENTS REQUIRED TO APPLY:

Copy of passport
Last 2 income tax statements
Evidence of assets in your country of residence (must be US)
Authorization to issue a Credit Bureau Report from the customer’s country of residence
Income letter, if an employee
Canada or UK
Insurance assignment
Property Appraisal from an authorized appraiser.
Copy of Offer of Purchase & Sale
Proof of down payment.

INSURANCE & LEGAL

HELPFUL INFORMATION

INSURANCE

Insurance is available in the Dominican Republic for approxi-mately 0.8% of your purchase price. Policies generally include coverage for fires, thunder and lightning, earthquakes, hurri-canes, floods, vandalism, smoke, liability, etc. Insurance is not mandatory in the Dominican Republic, but it is certainly recom-mended to protect your investment.

Our bi-lingual staff will be happy to help you find an insurance company and a policy that meets all of your needs. We will assist you with all of the re-quired documentation and paperwork to ensure that insuring your condo is a smooth and simple process. Blue Caribbean Properties is here to assist you every step of the way.

LEGAL

There are no restrictions on foreigners buying real estate prop-erty in the Dominican Republic. However, before purchasing a property it is recommended that you contact a local attorney. Dominican Republic real estate laws and regulations make it preferable to conduct a due diligence and review process through independent counsel to verify legal and tax status before any formal decisions or payments are made.

The attorney will also assist with reviewing the sales contract and making any necessary negotiations. There are several real estate lawyers that we work with on a regular basis and we highly recommend their services. Please contact us for a referral and additional in-formation.

FURNITURE PACKAGES

AVAILABLE FURNITURE PACKAGES

Having purchased your new property, the next step is to transform it into the beautiful, unique and comfortable destination that you envisioned. Imagine having your own personal designer to assist you with every detail in furnishing your new investment. This can be accomplished for about the same price you would expect to pay if you were doing it completely on your own. With our furniture packages, we can make furnishing your home a relaxing and enjoyable experience. We will work with you to establish goals for your space, layout and general direction of the project, then bring your ideas to life. Whether you already have a vision for your space or want one of our design partners to do it all, we can help.


We have partnered with the most talented designers and craftsmen in Punta Cana to assist in every aspect of the design and furnishing process. Our talented carpenter builds furniture from scratch and uses beautiful woods and materials native to the island—if you can dream it, he can build it. We have also partnered with local designers and furniture gallery owners offering a wide selection of furniture and décor packages to accommodate every style.

Whether you are designing a home for your family or a short-term rental property, our partners will help you select the right products and materials to withstand wear and tear and climate conditions in the Dominican Republic.

If you are looking to sell your property, we also offer staging services. Great staging makes a home look both luxurious and welcoming, inspiring an emotional connection that inspires buyers to bid fast and high. Professional stagers are highly skilled artists.

They can take a blank canvas and create a sensuous portrait with home décor and accessories. Staging utilizes subtle details and finishes that come together to create a cohesive and pleasant experience for potential buyers. Not all sellers are receptive to staging at first, but if your home is missing that special “oomph” or appeal, home staging always seems to turn it around. You can do large-scale or small-sale home staging, but the key is to incorporate some sort of staging. Thoughtfully staged properties are more likely to sell quickly for top dollar.

Contact us today to receive more information about our furniture packages and home staging services

HERE, TO HELP YOU FIND YOUR NEW HOME