““I almost signed at the very first sales pitch. I'm glad I waited for my lawyer to read the contract.” — Andrés (example)”
Andrés is a nurse in Miami, born in Higüey. He wanted an investment that would bring in income and that he could someday use for vacations. Punta Cana seemed the obvious choice, but there were so many projects for sale he did not know where to start.
What worried him most
Buying off-plan scared him: what if the building was never finished? Confotur confused him too — every salesperson told him something different about taxes.
How he did it from Miami
Andrés gave himself two months to compare, without signing anything. He shortlisted three projects and asked each one for its building permit, land title and Confotur resolution. One could not produce the resolution, so he dropped it.
His lawyer reviewed the contract for the project he chose and asked for two changes: payments tied to real construction progress, and a penalty if delivery ran late. The developer agreed.
He paid the reservation and installments by bank transfer into the project's account, and every month he gets photos and videos of the progress. He made just one trip to see the site.
The result
His apartment is due for delivery in about 8 months (example data). He has already spoken with two vacation-rental managers and ran his numbers with a conservative yield, without counting on high season. "I'd rather be pleasantly surprised," he says.
If you are considering something similar, read our Confotur guide.
Fictitious story created as an example.