Here are the points covered:
1. You need to understand Puerto Rico’s inheritance laws before purchasing property.
2. Notary fees are required by law, upon loan origination and when debt is retired, and these fees can really add up.
3. One title search is not enough.
4. Consider putting your deposit into an escrow account with your attorney.
5. Home inspections can be very superficial.
6. Beware of the homeowners association issues.
7. You can buy homeowner insurance in Puerto Rico, but don’t expect them to actually payout on insurance claims.
*****TALK TO US*****
If you’re thinking about purchasing property in Puerto Rico and want insights into your specific situation, please reach out here: https://tinyurl.com/ydss222h
*****PUERTO RICO PLAYLIST*****
*****ABOUT*****
Diane Cohn, Realtor
Real Broker LLC
NV #S.172593
774 Mays Blvd #10-666
Incline Village, NV 89451
Not licensed in Puerto Rico, opinions on this channel are my own, based on my own experience buying and selling property on the island, and are for information/entertainment purposes only. Consult your own local attorney and/or real estate agent for serious inquires about investing in Puerto Rico real estate. If you allow us to introduce you to a local real estate agent and you later close a deal with them, they will pay us a referral fee, which helps support the channel. We receive nothing for introducing you to attorneys, other than good karma… 🙂
#puertorico #realestate #buyingproperty