Buying a House in Puerto Rico & mistakes YOU SHOULDN'T DO | Puerto Rico Real Estate
ฝัง
- เผยแพร่เมื่อ 16 ก.ค. 2024
- Buying a house in Puerto Rico is not the faint of heart. It's no surprise that the process is often long and annoying...but I will say it's worth it. Real Estate in Puerto Rico has involved in the last couple of years and prizes with the lack of inventory has really made purchasing in Puerto Rico more of a challenge.
I am real estate broker in Puerto Rico and want to break down the things you need to know BEFORE purchasing a house in Puerto Rico.
In this video, I get to explain the puerto rico real estate market and the mistakes people do while purchasing a house in puerto rico. I'm excited to see the response about the puerto rico real estate market from your point of view and how buying a house in puerto rico works out for you.
Click like and subscribed - would love to have you along for the fun.
If you're looking to purchase a property in Puerto Rico let me know.
E-mail: sajrealestatepr@gmail.com
How expensive is Puerto Rico? Where to find houses in Puerto Rico ? Moving to Puerto Rico? Those are all good questions!
Are you looking for a house in Puerto Rico: Join my facebook group!
/ casasenpuertorico
Breakdown
0:00 Intro
0:56 The pre's
2:52 Visting PR
4:53 Intentionally with areas
6:00 Representation Matters
7:15 Embracing the culture
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Hi Josh! I’m one of those grandchildren you mentioned that is relocating to Puerto Rico! I had been there a few time as a child with my father. But this year I’ve been in Puerto Rico most of the year, renting Airbnb in different areas to find the right place for me. This journey has been longer than I initially thought but I’m loving it! 😁
thankful for sharing your story! I think you're doing it right! If you're not tied to one particular area, it is best to explore around :) keep me posted on your journey
Thank you for all the advice. My paternal grandparents and mother were from PR and I am seriously considering the move. It’s very nice to hear that people appreciate those stories because I definitely feel like an outside. I am a physician assistant in the states and would love to move back and serve the community.
Thanks for watching! I would definitely scout areas and see what works for you best. 🙏🏼
I left Ponce, Puerto Rico when I was only 12 years old. I’m now 32, and since the moment I left 20 years ago I prayed to move back. Every time I visited I would leave so sad and heartbroken leaving my family behind. A few years ago I started to think to buy a home in the U.S, but just felt like no where felt like home to me but Puerto Rico. After so many years of manifesting and praying, it became a reality. I randomly asked one of the vendors for a company I use to work for if they had any possible positions in Puerto Rico. He said that they just had opened a position not too long ago. That same day I went and applied, and now I’m here, three months in after 20 years. I feel so blessed to have a job that required to move back. Now I want to start the process of buying a home here, and I came across this video. I need genuine help and guidance because I am a “first timer”. I would love someone who will have my best interest.
Thanks for sharing! That’s a lovely story. Reach out to me via email - sajrealestatepr@gmail.com
Josh first step here in researching how to do this. I just returned 2 weeks ago from visiting PR I have family still there. I visit frequently and I know how much everyone there has been going through tuff times with Maria and Covid. My father grew up in PR moved to the states I can see how losing that culture aspect effect him socially its akward and unnatural not being able to have that connection with the PR community for so long trying to fit in the US and he doesnt want to spend rest of his days here in the US. I have a connection with island cannot explain almost like an Avatar moment. But my parents are willing to invest with me and I am making this goal and priority to get the capital necessary to do this. I may reach out for questions. Thank you for sharing the knowledge this seems like it can be a very complicated process.
Thank you for watching and good luck!
Hi, great video. Born and raised in New Jersey. My parents and 80 percent of my family are in Puerto Rico. This is where I am going to retire within five years. Puerto Rico always makes me happy. Especially the mountains. Parents live in Cayey. I don't know if I can spend a year looking where I want to live, but my plan is to spend a month and go to the two or three places I am considering for one week. Utuado and, Cayey for starters. Thank you for all that you do.
Great video... You speak the TRUTH!
Trying my best here! Thank you 🎉
OMG, this was so helpful! I've been here trying desperately to find a owner financing situation or non-qm and it has felt impossible. Thank you for this video!! ❤
You’re so welcomed! 🥰
Very informative video thanks
Glad to hear that!
Greetings Josh
Both parents at a young age (early teens moved to New York City. Born and raised in New York planning to retire and move to Puerto Rico. I have always been connected with the island and especially the family left behind. Totally appreciate the touch points and hopefully looking forward to meeting you soon.
I love reading stories like these ! Thank you so much for sharing ❤️
My husband was born and raised in Puerto Rico. We live in New Jersey. My husband’s dream is to move back to Puerto Rico. We need to sell our home first. I have been to Puerto Rico many times.
That’s great! I’m sure you will have a great time on the island. Reach out if you end up needing help with the home buying search.
Agree completely. Pre approval is a must.
Thanks for watching
Great video, my family Grandparents are from Aguadilla and that is the region that I want to look into buying a property soon. Will be going there in two weeks and will look around. Fir now im soaking up all the info I can get.
Very resourceful tips, thanks for sharing. I’m in my early 40’s and want to retire I’m PR bc it reminds me of Cuba
Glad it was helpful!
Hola Josh, I left PR in 2005 and I’m ready to move back. Well, almost ready. I’ve been doing my research for a while and I almost move last year. But the bank that I have my car financed with, didn’t give me the release to take it with me.
Another issue, and it’s the main one, is the health system. Me and my husband have conditions and I’m so scared to move back and not be able to continue with the medical care we need.
I hope everything change so all boricuas out of PR can return and live a decent life.
Hola! I would say do your research well when it comes to health / doctors and make sure you’re covered. Hope it all works out for you and thanks for watching!
Love the dramatic thumbnail 😂
Thank you!
After hearing all that I don't think I want to buy a property in PR
This is representative of Puerto Rico. Most agents suck and do not even follow up with an initial phone call. Is not even about family and prioritizing life but just an irresponsible attitude. Although this guy is basically honest this is an excuse since it will happen 7 days a week and not just weekends. I know I have bought homes in New York, Texas, and California over the decades and bought 2 homes in Puerto Rico. My experience was bad with the first home as well as the second home. I had to go through agents to find a minimum standard agent. How expensive were they 75000 dollars in Palma de Mar for the first home and 800000 in Condado for the second home so they were not inexpensive. Besides the buying experience, there are lots of pros in living in Puerto Rico that in my case outweigh the cons. So be ready for the worst and not the best experience unless you are buying a multi-million home in Dorado or St.Regis community where they lick your toes lol
I would not mind talking to Josh about maybe buying a house for retirement in PR
Thank you for watching
Just got back to invest after 15 years...Got a great project & would love to share it with you to see what we can do business wise !!!
@evographx you can send over an email - sajrealestatepr@gmail.com
I have had 7 figures Cash for more than 10 years in the bank it hasn't come from one place hasn't gone to one place it's in stocks and bonds so how can I show it if I never had it in a traditional 401k not everyone has a retirement account
Josh, I inherited my parents house. House is currently ready for sale. But, All I have is a Declaratoria de Herederos. The majority of heirs want to sell, will I have an issue if one heir does not want to sell. Can you do a video on this subject. I honestly feel the reason there are so many abandoned homes in PR is that its so difficult to get things done, the people just don't have the money or the patients to deal with all the red tape. ....Need some advice please. Thank you for what you do...
Hi there! all of the heirs will need to sign the day of the closing, if they’re not in PR they will need to do a power of attorney. My best advice is to talk to a lawyer about this and have a conversation with all the current owners about the house and next action items. 🙏🏼
@@JoshIsOnAMission thanks Josh..Will do. Just made appointment with one. Thanks
Hey Josh , what part of the island do you mostly service?
Hi east and metro but have contacts in other places that I can connect you with. Email sajrealestatepr@gmail.com
Hi my name is Wanda, what part of the island do you service? My family is from Aguada, PR. My husband and want to get started in buying property there. We currently own a home in NJ. Thank you!
Hi Wanda! I cover most of PR, reach out to me at 787 365 9380
Hi I'm in the early stages of buying a home here. I don't feel comfortable making personal details public. Can i email you questions?
yes, email sajrealestatepr@gmail.com
What about property taxes and house insurance cost$$$$????
Property taxes are a bit more complex in PR but very low compared to the states. House insurance will depend on a lot of other things.
Sounds like a great place to live. I just don't speak Spanish....can I get by with English?
I would say yes but if you’re looking to integrate to the PR community it might be difficult, however there’s a lot of places and groups of people that move here and don’t speak Spanish.
Hello mi name is Jorge and my wife is from Mayaguez ,we love to buy a property in the country side we live in Miami
Hola! You can email me the details at sajrealestatepr@gmail.com
What about owner finance in Puerto Rico?
what about it?
@@JoshIsOnAMission u have info on it?
@@humanityincvideos5114 It truly depends on the case since that's put by the owner's requirements. But from experience it requires about 20% downpayment of the price
This clip is blocking your opportunities… rethink what you’re saying and and be honest about it…. Remember, your a salesperson! Not an island representative
I think honesty is the best policy. But I hear what you’re saying. Thanks for watching
Some people put others interests before theirs. This can be for various reasons. Or he may be trying to get out of RE and be a vloger. Who knows.
Dude you're absolutely there to try to help somebody find a property. Don't be lazy. Help them figure out where they need to live.
PR has 78 municipalities.
I do what I can but ultimately it’s the buyers decision.
@@JoshIsOnAMission Of the 78 municipalities are there some that would suit newcomers better than others?
Puerto RIco, really doesn't have "Buyers agents" They are all SELLERS Agents so you'll be dealing mostly with them. But get a lawyer.
Not sure what you mean. I’m a buyers agent 👍🏽
You want to know where the money comes from? Sorry, none of your business.
Thanks for watching
Josh, I love the way you described "Island Time" as "Puerto Ricans really prioritize life". Ive heard, and unfortunately said, it in many other ways in thempast, before I understood the culture. I will adopt your phraseology for future use.
We lived in Mayaguez for two years in 2004-2006 before having to move back stateside to facilitate the adoption of our daughter. I am retiring in a year and we are planning to moved back for our retirement. Interested primarily in the west coast areas, from about Aguadilla to Cabo Roco.
We are looking online at available homes to get a feel at the moment, but too soon to visit for a week to scout it out. Can you recommend a trusted and capable buyers agent in the area who speaks english well ? (We are learning spanish (again), but not well enough to conduct business in spanish).
Appreciate your time and your videos.
Mike Sharpe
Sure thing! Send me an email sajrealestatepr@gmail.com I’m sure you will see a lots of different stuff now vs 2004! Welcome home 😊
Can a get a mortgage from a home owner ,if the house is owned
Thank you for all the advice. My paternal grandparents and mother were from PR and I am seriously considering the move. It’s very nice to hear that people appreciate those stories because I definitely feel like an outside. I am a physician assistant in the states and would love to move back and serve the community.