Hi,
We are in the process of buying a house in DR and am being told by our realtor that the 10% deposits are normally non refundable and we are reading different online as we wanted a financing contingency as well as the inspection contingency just in case our very solid financing fell thru for any reason where we would pay a 20% penalty to the seller and would be refunded the rest. It does not make sense to me and I am reading its not even legal from a lawyer down there at this link...Any thoughts?
Thanks!
dominicantoday.com/dr/expats-corner/2023/07/05/understand-this-before-you-reserve-real-estate-in-the-dominican-republic