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Good morning, my wife and I visited Punta Cana February of this year and also visited the Vista Cana Project and we know this project  very well. We live in Miami Florida and she is from Dominican Republic but raised all her life in USA and she doesn't trust her shadow. Thankfully we went did our homework and have great contacts and friends there. Punta Cana has booming construction and you need to really understand how everything works and how serious and solvent the builders are. We did our due diligence and purchased properties. If you want we gladly guide you with questions you might have. We understand your concerns which are very valid. Write me privately and we can communicate that way faster. Have a good Day

Ask to see projects the builder has completed and talk to previous clients. If the builder is reputable, that shouldn't be an issue. if they haven't completed anything, or don't want you to speak to former clients, run away!!

Hi:)

we are in the process of putting our presale contract together. We are building in Cap Cana Punta Cana. What are some necessary clauses or things you wish had been in your contact that you missed or things that happened and you were glad you included in the deal.

thank you so much for and advice! We do have an attorney.

@mjcoello

Hello

My wife and I are looking to invest in this project as well. We gave a meeting this week and hoping you could share your experIence and any due diligence with the project and builder. thank you

first step is to look at completed projects by the builder. ask for details on those projects, like start date, original delivery date as well as actual delivery date to see how long the project was delayed. visit those projects to see the quality of the work the building performs at. expect a timeline of 3-4 years if you are building something from scratch.

make sure the builder has documentation showing all of the permits that are required and that they have all of those permits in hand. floorplans should also be available.

get a copy of a contract. it must include the verbiage in spanish as well as english (or your chosen language) on the same page. the contract should include milestones for payment. actual construction milestones, not just dates. the contract should include wording on any price escalations and those limits. wording as to what exactly is included, furniture packages, jacuzzi, bbq install, or any other extras, etc.

Pay attention to inflation wordage in the contract as they can raise the price based on this.

    first step is to look at completed projects by the builder. ask for details on those projects, like start date, original delivery date as well as actual delivery date to see how long the project was delayed. visit those projects to see the quality of the work the building performs at. expect a timeline of 3-4 years if you are building something from scratch. ...
   

    -@Harris Levinson

100% agree! Talk to previous clients and physically walk through completed projects!

Here is my experience.  Get real estate agent,

Check him/her out (preferences RE/MAX), because you can check that person license in American. Next, write out 25 questions to real estate agent to make sure that person know about the project. Next, visit the site along with the project manager, real estate agent. Have a list of 25 questions including environmental, electrical, water, air conditioner, landscaping, security, HOA (what happens to HOA after the community gets built), transportation, property taxes after you've reach 65 yrs, structure and blueprints of the property, and what you can expect in your new built home.

If you're good, go on Dominican Republic City website that will give you a list of all approved contractors and construction work that have legal projects going on in the DR especially homes/condos (you can get from your agent). Make sure you get a RNC number/registration number from your real estate agent. Make sure you get payments receipts of transactions. Lately, hire a good layer who has a great deal of knowledge on the project and people who are building. Before you sign a contract.  Keep on top and never stop asking questions. .

@mjcoello Hello, I am building a villa in Punta Cana Resort and the builder I am with now is really good and reasonable.  I had to fire the first one with a "big" name Estudio but really happy with a.  new one.  In case you need.  Best wishes,

Anna

realtors are unlicensed here.  Having a license anywhere else does not apply.

@planner accurate, but having and asking for the RNC is the next best thing, not just a formality but it shows the individual‘s level of professionalism and responsibility as in that case they would need to be current with the corresponding governmental agencies in regards to the RNC and registro mercantil, this includes paying/filing the corresponding monthly and year taxes. Its also a very involved process to get these, at least it was for me.

Although RE professionals in DR are not required to have a RE license they should at the very least have a RNC, if they do it’s one way to tell some folks apart. Mayor brands like REMAX are not easy to franchise and require a strict process to be established,  in most cases these are connected to a broker of record who might be licensed overseas. From personal experience as a dually licensed broker now practicing locally I can say that my local business has been heavily influenced by this as I find myself implementing many regulatory practices that are not required in DR; its nothing crazy and not to say local unlicensed brokers are unethical, most things are harmless like  in NY and NJ we are not allowed to recommend one vendor to a client, if we make recommendations for an attorney or a mortgage broker we are required to of a  minimum of three, simple things like this.

@pharrison742 great and helpful feedback

Either an RNC or their cedula as individuals can register with their cedula to do business.   In my experience (only) most realtors are not  doing business legally or reporting earnings or paying taxes.

@aurincdisla  you sound like you are  one of the  unusual once doing things  legally and responsibly!