About Us
West Indies Real Estate (W.I.R.E.) is a group of independent brokers, established in 1985 to service the growing needs of investors on the North Coast of the Dominican Republic.
We aim to offer a wide range of services and will be happy to advise where we can.
Buyers' Agent
Whether you are looking for a place in Punta Cana, a villa in Puerto Plata, a holiday home in Sosua, Cabarete or other North Coast locaiton, we are here to help.
Under your instruction, and at an agreed fee, we are able to act on your behalf in representing you in the Dominican Republic or assisting you in an efficient and timesaving manner to:
Source, negotiate and purchase property; taking advantage of over 20 years of local knowledge and expertise in both the market and the legalities in establishing a fair market assessment of value before you proceed to 'Offer'.
As a Buyer’s Agent, we will assist in:
• The structuring of the transaction to you, (the Buyer’s) advantage
• Accurate information/disclosure of material facts.
• Explanation of all procedures, forms and agreements.
• A monitoring of ´escrow´ and ´closing´
• Keeping your bargaining and financial position confidential
• Promoting and protecting your best interests
• Discussion of property resale-ability issues
• Passing on information that may enhance your bargaining position over that of the seller
• Assist in writing the offer with your best interests in mind.
• Ensuring that you are exposed to the largest market of property both listed and unlisted
Investor's Portfolio
Our aim is to offer the investor an excellent return on capital growth and outstanding return on actual cash-to-cash investment.
W.I.R.E. offers the Investor, through its wide inventory, substantial opportunities in capital growth and, more importantly, cash on cash growth.
Currently real estate in Europe and America is stalling or even in decline, particularly when you look at places like Florida. Real estate in the Dominican Republic is still some of the least expensive in the Caribbean with current growth exceeding an average of 25% per annum over the past 3 years alone, with specific beachfront properties exceeding even these figures.
Why the Dominican Republic? There are many reasons, however with property prices currently as low as they are, all year round sunshine, a stable currency, only 1.5 hours from Miami and under 4 hours from New York, is it any wonder why growth is consistently in the upper 20’s?
More importantly, a recent IMF report praised President Fernandez’ success in achieving high growth, low inflation, financial stability and a strong balance of payments. This is a Country where the Government is determined to promote and back serious investment in the tourism and manufacturing industry.
West Indies is able to offer all levels of investor the same service, whether you are simply looking to ‘buy to let’ or for the more serious investor we can offer advice, facts and figures. With professional advice, not limited to simply buy or sell, we are able to offer a detailed review of the specific project, the developer, builder and mortgage lender. Our evaluation includes cash flow, future property trends, feasibility and anticipated returns. Only when we are completely satisfied do we recommend the project to the investor.
In addition to the above, we are able to offer, through our partner companies, tax efficient planning, finance, letting agreements and even opening bank accounts.
Project Management
If you are not resident on the island, then we would recommend that you employ a project manager to oversee the building and liaise with yourselves.
The type of service offered will vary with the fee charged, however we would suggest that you budget around 2 – 5% of the total building cost, excluding land.
Relocation Service
Living in the Dominican Republic is actually quite easy; it’s just that you have to find your way around in the early days.
We can suggest one or two local agencies that can offer tailor-made assistance or guidance on the following:
• Gaining residency
• Setting up Bank accounts
• Appointments with local lawyers
• Arranging utilities i.e. Electricity, Telephone /Internet, Gas, Satellite TV
• Locating schools, clinics, shops and manufacturers
• Car hire, airport transfers and car purchase
• Suggestions as to local trade people
• Meeting Social groups
• Accompanied shopping trips to all towns and cities in the Dominican Republic
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