The best Land in Punta Cana
Punta Cana is fast becoming an attractive tourist destination – not only in terms of short vacations but for long term planning as well. How about investing in Punta Cana? It makes good business sense. Purchasing your own apartment is affordable and can benefit you in the long run as people love to visit the Caribbean islands and you can easily rent out your apartment, that way, you would have easily covered the cost of the investment.
Real Estate deals usually start off by signing a promise of purchase or sale. The buyer gives a token amount to the seller for the land or apartment that he wishes to buy. The complete terms and conditions are agreed by both the parties after which the notary legalizes the document. Since Punta Cana is a small city and has a small population, these formalities do not take too much time. However, it is always prudent to check the Certificate of Title and a copy of the measurement of the land purchased along with the identity card and passport copy of the seller, just to be safe.
A certain procedure is followed in Punta Cana when purchasing land. The ownership is acquired by registering and procuring a Registration of Deeds. Once the registration is done, the Registrar issues the Certificate of Title in the name of the buyer. It is always wise to hire the service of an estate agency, although a small fee goes towards it. This facilitates the smooth handing over of the property and safeguarding the rights of the buyer and the seller both before and after the sale. The agency is responsible for checking the legalities and also ensures that all the paperwork is in order.
Dues are cleared for all kinds of property taxes and a receipt for the same is issued by the Directorate General of Internal Taxes or a copy of the certificate of exemption from the tax.
Since the tourism industry is growing manifold in Punta Cana, the rates of property are on the rise. Investing now can reap profits for you in future. Apart from an investment, it is also gratifying to have a summer home in Punta Cana. Not only is it one of the most beautiful location with the sun, sand and ocean, it can be used as a home after retirement to enjoy your old age by leading a quiet and peaceful life after the humdrum of the cities. It would be an ideal place for people who feel inspired by nature.
The fame of Punta Cana is on the rise. It is an ideal location to invest in land and avail of the many benefits – salubrious climate, serene and pristine atmosphere, friendly people, laid back life. Surely one has to be fortunate to earn such a luxury!