Property Sale Process

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Beyond your expetation

Property Sale Process

This page explains the typical steps for selling a property in the Dominican Republic with Ocean MG. Timelines can vary by title status, buyer financing, and due diligence needs.

Step 1: Property review and pricing

  • Initial consultation: review the property, ownership, and sales goals.
  • Market analysis: evaluate comparable listings and recent sales.
  • Pricing strategy: set a competitive list price and target timeline.

Step 2: Listing preparation

  • Documents: gather the title, ID, tax info, HOA details, and permits.
  • Property readiness: staging, repairs, and professional photography.
  • Marketing assets: create a listing package and distribution plan.

Step 3: Marketing and showings

  • Exposure: publish the listing across major channels.
  • Qualified buyers: screen inquiries and schedule viewings.
  • Feedback loop: adjust messaging or pricing if needed.

Step 4: Offers and negotiation

  • Offer review: assess price, deposit, timeline, and contingencies.
  • Counteroffers: negotiate terms to protect your goals.
  • Acceptance: confirm the winning offer in writing.

Step 5: Due diligence

  • Title review: verify title status and any encumbrances.
  • Inspections: allow inspections or surveys if requested.
  • Legal review: coordinate with attorneys and notaries.

Step 6: Promissory contract

  • Key terms: price, payment schedule, and closing date.
  • Deposit: buyer submits a deposit per the agreement.
  • Obligations: list documents and conditions for closing.

Step 7: Closing preparation

  • Final documents: prepare the deed and required filings.
  • Tax and fees: confirm transfer tax and registry costs.
  • Settlement statement: verify net proceeds and costs.

Step 8: Closing and transfer

  • Signing: execute the final deed before a notary or attorney.
  • Payments: complete payment transfers as agreed.
  • Title registration: submit the deed to the Registry of Titles.

After closing

  • Handover: deliver keys, access codes, and utility details.
  • Records: keep copies of all contracts and receipts.
  • Support: Ocean MG can assist with post-sale questions.