Puerto Rico realty - 2/2

Once you've written down your priorities for Puerto Rico realty, you're in a good position to contact a realty agent. When they suggest some properties for you to look at you need to consider the following:

• How closely does it match your requirements?
• Is the property easy to get to?
• Is the area safe and will you feel secure there?
• Will you need a car?
• Do the stores cater for all your likely needs?
• Can you easily get there when you arrive in Puerto Rico?

You'll save yourself time by having a clear idea of what type of property you are looking for and the environment that surrounds it. If you know exactly what you want and how much you are prepared to pay, your agent will have a clearer idea of what you want - you won't waste your time looking at properties that just don't interest you.

Once you have found your dream property you should involve your attorney. They will help safeguard your Puerto Rico realty purchase by:

• Confirming that the seller has the right to transfer the property
• Checking the legal agreement
• Arranging escrow of funds
• Assist with land registration and transfer documents

See Buying Real Estate in the Caribbean the Safe Way by Brad DeLoach for more information on buying Puerto Rico realty.

Also, rather than buy outright, you may like to consider a Puerto Rico timeshare. Although not for everyone, timeshare properties do have benefits for some people.

Puerto Rico real estate - part 1