Puerto Rico Home Buying Experience | Comparison Buying Two Homes in Palmas del Mar 

That is good to know! These wait times are crazy!!

Takes like 6 mos to finance with first bank. Every month they will ask for the same documents. The closing date is not the closing date. Appraisal like 513 bucks. 3 weeks to hook up electricity. Just saying mentally prepare yourself so you dont stress out. Off loading for a flip might be tricky. Decided to just rent. Its not a high appreciation market. Socially i lived in a lot friendlier places just fyi. Dont get me wrong the friends you make are real people and i have learned a lot from their kindness and help, but most distrust foreigners. You will see. I remember just moving here and some woman just came up and started screaming at me because i couldnt answer her question. At that time i was in friendly mode just trying to learn and respect. Now i know better. Its kind of like new yorker island.

Sounds great!

That is awesome!

What bank do your relatives recommend?

@@LaEscuelaDelEncanto oriental bank

Banking in PR is an extreme sport! Way too many hidden fees.

Thanks for watching!

You’re welcome 😊

Glad you like them! Thanks for watching.

I know! They are starting to replace the old meters with new digital meters, so hopefully it will not be such a problem in the future. But, who would think to ask about the lead time for an electric meter?!?

@@JenThereDoneThat yea. Things we assume are standard practice isnt tge case Here. I just moved to island and got off phone with electric company after this video lol. It really is a process and a wait. But I will be a renter for now

reminds me of the millions of Texas with no power for a week while it was 8F

Good luck!! Glad this is helpful.

Glad it was helpful!

Thank you. I hope you are able to move back soon.

HAHA! Be careful what you ask for.

Good point!

If they got the perks and tax breaks that colonizing Americans get then Native Puerto Ricans will be able to fix there home don't just tell half of the truth

That is crazy! An inherited property should be the easy part, right?!?!

@@JenThereDoneThat You would think it would be easier but in this process The habit on the island is to not do anything so as you have stated before there's lots of things that don't get processed after people die in the past so to move forward you have to correct everything from the past years to move forward to correct the names. If you had someone who passed away more than 20 years ago then you run into a problem of there being no active records.......Yes, death certificates but if they need to do a property search and or tax search it's near impossible........... We are in the middle of the process and to be honest my spouse's father passed away close to 30 years ago and the government has not been able to produce the appropriate forms to move forward and to change the property certificates. The death certificate does not work in all aspects. Poco Poco..... Frustrating..........

@@jackmead6166 oh gosh, I had land stolen from me and sold to someone else. I don't even know where to start.😫

Good point!

That sounds like a nightmare! Glad you found out before closing.

Yeah, Puerto Rico isn't set up for women taking their husband's name or for people just to have one surname period. Neither of those things are the norm here. At all.

the same happened to me in reverse... DMV in the US wanted to mame with my mothers maiden name just because its the last word they see on the name line.. luckily for me a hispanic DMV attendant nearby eyed me giving me the hint that she would correct the form.. the Karen of the DMV counter was just intransigent.

I REPEAT. ALL SPANISH SPEAKING COUNTRIES HAVE THE SAME RULES, about women keeping their maiden names. Not just Puerto Rico. Every Spanish speaking countries have the same rules, when it comes to women and their maiden names.

The last name (or multiple last names) can definitely be a challenge with medical and legal paperwork. Glad it worked out in the end for you.

Your legal name is as it appears on your social security card.

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So true!

I have watched many of your videos! They are so helpful. Great content!

@@JenThereDoneThat I'm glad to hear that. I had lunch with Diane Cohn yesterday and we were talking about you.

Welcome! Inheritance makes it difficult, make sure you get all of the nieces and nephews in agreement on a plan for the house. Send me a private message on facebook.com/jentheredonethat or instagram.com/jentheredonethat/ so I can send you more information.

Stay in California, and visit PR that's what I do. Less hassle

@@Lauralaey5 yes I'm going to Luquillo in July. I go once, twice a year. Absolutely beautiful!!

Many people from California love Rincon, you should check it out when you visit.

@@JenThereDoneThat I'm good with Luquillo and maybe Palmas Del Mar as well. But my mother lives one mile from the beaches there!! I love Fajardo as well!!!

Definitely verify before closing on the property!

Happy to help!

You may want your own lawyer to review documents and represent you. Only one lawyer is needed for the tile search and property register.

Hi Jenn thank you for responding back to us about the lawyer. Judy and I would love to take you to lunch or dinner the next time we there.😋

Coastal areas mave pretty good coverage, the problem is behind mountains and secluded areas.

Good point. Patience is the best strategy for me and home buying.

@@JenThereDoneThat hey girl.. I get happy to see your reply.. Im in Dallas boarding another plane to San Antonio, tx for a wedding.. Sunday i be in NY.. Sleepless City... Be safe

@@JenThereDoneThat im planing to take a trip to PR after 19th...keep me posted for in case i may not need the letter for the negative result on covid.. Be safe.. I will have both vaccine shot. Peace & Love

@@JenThereDoneThat i have a question dear... If i had already taken 2 moderna vaccine.. Do i still need the letter proofing negative of covi-19 test? Let me know.. I planning to go to PR after 19th ... Let me know iF u have any info.. Be safe young lady ...oxoxoxo

Talk to a mortgage lender, they can help you.

No matter how I pronounce anything, it is wrong to some ears.

Rincon is a popular surfer town, I usually go for the whale watching and awesome restaurants. It a cool town, but I actually prefer Aguadilla beaches and less expensive accommodations. I absolutely plan to buy a home in Puerto Rico (probably a house, but there are nice condos, too).

To respect privacy, we did not discuss purchase price for either properties.

Rentas tributarias de la propiedad y vivir en Puerto Rico. CRIM, sales tax, income taxes, etc.

Im sorry.. but Joint tenats in common (PR, most civil code places in the world) makes WAY more sense than Joint Tenats with Rights of Survivorship (Most of US and Common Law countries). When you married and live in PR you are a Sociedad de Bienes Gananciales - Community Property Society..... We in PR dont have those tabloid issues with the Old guy marrying the youngling and living the rest of the family out... Remember Nuclear family for PR is whatever you call "extended family"... Also in Joint Tenants in Common (again, not crazy and perfectly reasonable) the wife or husband owns HALF of whatever the society made, again... SUPER makes sense... Also, you are able to will 1/3 of your portion to your wife/husband, so she would have 67%+... also, per las in PR.. the kids cant kick the wife out and make her sell to get their half (the deceased persons portion) Look around, not everything is like the US and not everything form the US is the same... also, adapt. Its a new place with rules that are cultural historical because those were the laws that needed to be made for that society. I bet you didn't know half of this but here you were giving your uneducated opinion... something gring-os do to much of.

@@elgrandisimojoe Hello. I knew most of that and it's crazy the kids and kick you to the curb basically lol terrible

@@jamesmibiker1237 well looky you, so knowledgeable/ I stand corrected.

The inheritance laws are crazy! A good lawyer is an absolute must!

Agreed!

Roberto 787-316-2171

@@JenThereDoneThat thanks

Roberto (787) 316-2171

Services move at a different pace in Puerto Rico.

@@JenThereDoneThat oh.. I didnt know.

Well somebody has to move there, to keep the island going.

Es un plan de gentrificación no nos podemos dejar que esta gente nos saquen de lo nuestro

Aja, no sabía que eran tantos, pero en este canal a cada rato alguien dice que se está mudando para acá. Ya en Rincón ni se puede hablar español porque no lo entienden :/ Deberían regular más a los extranjeros y estadounidenses y quitarle tantas regulaciones y requisitos a los de aquí.

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@@Lauralaey5 Then it should be the Puertorican's not the gringos.

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Who is stealing property? Don't you heard that she bought the properties!

A legal sale that both parties agree to is not stealing.

@@JenThereDoneThat Well actually it is you both are stealing the Puertorican's land & they're not too crazy about it. They were here first so let them have their land back!!!!

@@carlosmarcano8924 It's still stealing or taking it away from them they were here first & they should respect that. Too many people coming from the mainland then the houses go up in price & the local Puertorican's can't afford it. Not fair to them.