Selling your property in Las Terrenas, particularly if you’re living abroad, can be a challenging process. The urgency to liquidate assets may add stress, but by following a few strategic steps, you can ensure a smoother transaction.
Here are seven practical tips to help you sell your property quickly and at the right price.
1. Set a Competitive Asking Price
One of the most important aspects of selling your property is pricing it correctly. An attractive price can significantly increase buyer interest. To determine the right price, start by assessing the current market value of your property.
There are two main approaches for this assessment:
– Comparative Market Analysis: Compare your property with similar homes that have recently sold in your area. This method is most effective when there are enough comparable properties.
– Value Calculation: In less developed or remote areas where comparables are scarce, estimate the value by combining the land price per square foot with the construction resale value. The latter varies based on the building’s materials, age, and condition.
Current Resale Values in Las Terrenas:
- $100 per square foot: Older buildings in poor condition
- $150 per square foot: Older buildings in good condition or refurbished
- $200 per square foot: Recently built properties with standard finishes
- $250 per square foot: New builds close to the beach with high-quality finishes
- $300 per square foot: New beachfront properties with premium finishes
Land Values in Las Terrenas:
- $20 per square foot: Land near the beach in tourist areas
- $50 per square foot: Beachfront land
- $15 per square foot: Hilltop land with ocean views
2. Choose a Reputable Real Estate Agency
Select a few trustworthy real estate agencies that will actively market your property to potential buyers. For better reach, consider agencies that focus on different target markets, such as Dominican, North American or European clients.
At Ocean Edge Real Estate, we offer the following services to property sellers:
- Professional aerial and indoor video tours
- High-quality, wide-angle photography
- Listings on our website and across real estate networks
- Promotion on social media platforms (Facebook & Instagram)
- Collaboration with national and international agents
- CRM tools to filter serious, qualified buyers
- Property valuation assessments
- Support throughout negotiations and the legal process
When working with a real estate agent, it’s often best to leave the agent alone with potential buyers during viewings. Buyers may feel more at ease and spend more time exploring the property without the owner present.
3. Partner with a Trusted Lawyer
Engaging a reputable lawyer is essential to safeguard your interests during the sale process. A good law firm will ensure adequate legal and financial protections are included in the sales contract. Additionally, some law firms offer escrow account services, which can facilitate intermediary payments securely.
Have a look at our article “Legal Guide to buy a property in Dominican Republic“
4. Be Accessible for Property Showings
Flexibility with viewings can make a significant difference in selling your property quickly. Ensure your home is available for visits at convenient times and is presented well—clean, organised, and welcoming.
If selling promptly is a priority, consider avoiding short-term rentals, as this can limit availability for prospective buyers.
5. Enhance the Property’s Presentation
First impressions matter. Ensure your property has strong curb appeal by keeping it clean, well-maintained, and tastefully decorated. Address any necessary repairs and consider applying a fresh coat of paint to make the space more appealing. Home staging can also help showcase your property’s potential and attract more buyers.
Have a look to our Interior Design Partner : MORE INFO HERE
6. Invest in Quality Marketing Content
High-quality visuals are crucial for showcasing your property effectively. Avoid excessive photo editing, as it’s important to present an accurate representation of the space. Consider adding videos, which can help potential buyers get a better sense of the property’s layout. Including floor plans and a lot plan can also provide valuable information to prospective buyers.
7. Remain Open to Price Negotiations
Buyers often anticipate some flexibility in the asking price. It’s wise to set your initial price slightly above your target—typically by 5% to 10%—to allow room for negotiation while still achieving your desired sale amount.
By following these tips, you can increase the likelihood of a successful and timely property sale. With a well-prepared strategy and the right support, selling your home in Las Terrenas can become a smooth and rewarding experience.
Are you ready to sell your home? Contact us at Ocean Edge for a first meeting: +1 829 672 1907.
