Puerto Rico Property & Puerto Rico Real Estate by Caribbean Land & Property. Search our Property for a home, land or investment property in Puerto Rico. Buy, sell or invest in real estate, or commercial property in Puerto Rico, with Caribbean Land and Property experienced in Puerto Rico Real Estate.
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Puerto Rico Property

Puerto Rico Property Buying Information



Puerto Rico Property Ownership
Foreign ownership is not complicated, with ownership being under the US flag and fee simple, allowing the owner to enjoy the property and freely sell, transfer, or will the property to others, as desired.


Puerto Rico Title Search
Before signing any document, employ the services of a qualified real estate agent or lawyer to check that the property is free of all encumbrances, liens, debts, undisclosed owners, leases or easements against the title.

Property Survey
Before completing any property purchase, it is important to employ the services of a surveyor to update the survey. The report the surveyor will provide, will confirm the position of the property boundaries and indicate structural changes or additions to the property. Typically the price for the survey will be around US$400 to $600 for a thorough inspection of the home.


Mortagages
It is worthwhile investing a few days effort into getting pre-approval for a loan to help you purchase a property. Most of the banks in Puerto Rico are willing to offer mortgages to qualified clients.


Puerto Rico Property Insurance
If a property is purchased using a loan, the lender will in most cases require that the property be insured. Taking our such insurance makes good sense even when not required by a lending institution, and typically costs between 2 and 3 % of the property value per year. The insurance should cover all risks and include the specific risks of hurricane and earthquake damage to the property.

 

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Please note that the information on this page is subject to constant change and revision and may not be fully up to date. Users are advised to verify any information that could effect their decision on buying a property, visiting this country or any other matter of importance.


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Last Updated On 15 Dec 2017