$300K Neighborhoods in RINCON Puerto Rico? [Part 5]
Vložit
- čas přidán 4. 09. 2021
- Learn about buying or selling real estate in Rincon Puerto Rico as we drive through this charming, beachside surf town.
Real estate broker Wil Leammon tours us through downtown Rincon, past Balneario Rincon, Steps Beach, Domes Beach, and Puntas Rincon, pointing out properties for sale, properties sold including home prices, and issues around land development in the area.
We'll talk about the Rincon and Puntas home price premium, whether or not making lowball offers is a viable strategy, what's required to find a good home to buy, how to protect yourself when paying cash for a house, the importance of a good attorney, the purchase process, getting inspections, title insurance, getting prequalified for a loan, and what to look for when selecting a lender or Realtor to work with on the island.
We'll also discuss how new the regulated real estate industry is in Puerto Rico and how that may affect client service as professionals adapt to ongoing change.
And we talk about everyday life on the island, along with the importance of newcomers resetting expectations when they arrive if they expect to thrive.
This is the fifth in a series of videos exploring real estate on the northwest side of the island, including Isabela, Aguadilla, Aguada, and Rincon.
And don't miss our San Juan series of videos, where we explore the top, up-and-coming neighborhoods, including Calle Loiza, Ocean Park, Isla Verde, Santurce, El Gandul, Tres Talleres, and Guaynabo.
--------------📊 WHERE TO LIVE SPREADSHEET --------------
A free Google sheet to help you compare places to live: docs.google.com/spreadsheets/...
--------------🎥 PRODUCTS WE LOVE --------------
Good Cheap Puerto Rican Coffee: amzn.to/3zVd8iG
Royal Berkey Water Filter: amzn.to/3N6hMwZ
Jackery Solar Power Station: amzn.to/3xJQXZX
Generac Backup Generator: amzn.to/39G9m1Y
Biolite Emergency Stove & USB Charger: amzn.to/3bl5yTW
Gas Pump Gripper: amzn.to/3Od30WN
Fruit Fly Traps: amzn.to/3Nd3kTU
Best Mosquito Repellent: amzn.to/3n8kacc
Uno Bars: amzn.to/3N6FEAL
[As Amazon Associates, we earn small commissions from qualifying purchases at no cost to you which helps support the channel.]
--------------📝 NOTES --------------
Opinions on this channel are from our own experiences buying and selling property in the US and Puerto Rico and are for information/entertainment purposes only. Consult local professionals for serious inquiries about investing in 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 lenders or attorneys, other than good karma... :)
#rincon #puertorico #realestate
![Living in Puerto Rico-5 PROS & CONS [My Experience]](http://i.ytimg.com/vi/cqT6qdQlZZE/mqdefault.jpg)
![Is Aguadilla the Next South Beach? [Part 4]](/img/n.gif)
Yaaassssss!! Lovely. Thanks for info.
Great job Diane! Enjoying this from Chicago. Just randomly came across your channel today.
Will is great!! Thanks so much Diane!! Rincón is an option for sure . 👏👏
How can someone reach Will?
With COVID raging, have prices plummeted?
Hey Will, what’s up with that steak dinner? Another good video
Hey could you find out if Will could recommend a builder. Thanks
Just popping in to say Hi and watch this.. I hope you are going great! What a great series XX
Amazing insights and information. Great work! Are you investing?
Just curious, I know these were recorded earlier in the year. So sorry to hear about the fires in you area. Stay safe.
@@dorkladytravels Stay strong and have faith. A new dawn will rise my friend.
:)
One more day Diane be there Tuesday. Exited
Awesome video! Thanks for sharing 😁
I'm dating myself but who cares? I'm retired and living in Puerto Rico, yeah! 🎉
I worked in film and television and back in the '70s a soap opera actor friend of mine started buying property in Hawaii when it was affordable, and he now has several multi-million dollar properties on two islands. 🏝️
I'm expecting the same thing to happen here, eventually.
I know my house has appreciated and I'm 2600 ft from the water on the north shore surrounded by conservation land at the end of a private Lane, and I couldn't be happier!
@@dorkladytravels
If you knew what I paid for this 3 bedroom 2 bath 4 car garage casa in paradise you'd faint.
In 2008 the bottom fell out of the economy and the exodus had begun here and there were bank owned properties everywhere, kinda like it was after Maria, and the family that owned my home had moved to Florida and they wanted to buy, but they needed to sell this house so they would have a down payment and they had listed it with several Realtors and reduced the price multiple times over a 3 year period and I made a lowball offer expecting them to counter, but they were desperate and accepted because I was pre-qualified.
I was in shock! Their broker told me that they were not going to let a qualified buyer get away!
Many had shown an interest but they didn't have the down payment or the credit to buy, and they had the house rented to a girl that was hoping to get them over a barrel so that she could talk them into owner financing, so she did not want to let us see this house!
@@dorkladytravels
The owner did have to send his parents here with keys so I could see the inside of the house, because their tenant wasn't cooperative, and they practically had to drag her out of the house after we closed.
Luckily for me, that was their drama!
You are living it!👏👍🇵🇷🇺🇸
I would like to talk to the realtor in the video about looking for a house in PR
It is Barrio Puntas of Rincón , P.R.
In the states is not becoming is the law you might say. Your not going to see a property with out an approval letter or bank statement if cash.
I enjoy your videos very much, keep'em coming!👍👏🇵🇷🇺🇸
@@dorkladytravels Your Welcome ❤️
My greatest concern is about colonization and gentrification.
It would be a travesty if the Puerto Rican people were unable to afford a home on their own island, and I am very vocal about how unfair it is that incentives that are enticing to mainlanders and even foreigners, are not available to locals.
Many are buying up properties around this area and every time I open Google maps I see more and more vacation rentals.
My feelings about retirees moving here is WAY different. 🥰
@@dorkladytravels 🤔 but..
Is stimulus money really free?
@@OtayBuckwheat Puerto Rico gets nothing for free The island pays billions of dollars in federal taxes a year, plus feeds a colony of freeloaders who arrive along the coasts with no money to be a burden on the island and the USA. *_In years 2009 through 2013 Puerto Rico has paid higher FICA and personal taxes than the states of Vermont and Wyoming. In 2009, the island paid more personal federal income taxes than the states of Vermont, Wyoming, Montana, North Dakota and South Dakota. More than armed forces abroad and all the other territories combined._*
@@Edlas22158
Imagine the taxation if we were to become a state
@@OtayBuckwheat It is what people are concerned about. In the USA nobody owns a house totally. Even if they paid it in full, if they do not pay taxes, the government will snatch it and put it for auction. On the island, as I understand, only the ones who have very expensive houses pay taxes. What about the people who live on the countryside, and have a modest house? It is something to think about.
@@Edlas22158
I'm disabled and a 65 year old retiree in a rural location by the beach and my home is exempt so I have no knowledge of what others have to pay, but I felt like the vacation home owners were surely having to pay property and income taxes.
17:21 so beautiful!
I though it was an antena all this time
Always awesome info Diane! Thanks!
Hi Diane, I know from CZcams that Puerto Rico has two distinct weather. It’s either beach weather or miuntain weather. So what is the weather in Ricon? I considered move to PR some where that in mid 70s F year round with rent or morgate around $4000 a month.
Try cidra or aibonito
Thanks
It is Barrio Punta, not puta as you call it.
Hahaha yeah I heard he say Puta too 🤣
Will is the best! 💯
Diane what’s the story with the real estate on the eastern portion of the island. Places like luquillo, Fajardo, Rio grande. What are prices like and how is the market in general?
Love the PR content.. what realty does he work for?
Oh no ,I love your videos
I've been 5hinking about moving to Puerto Rico.
,but I don't think I can afford any property that I can afford. Close to good hospitals ,shopping.
Being a single women is difficult. I love rincon.
Don't leave us forever.
I enjoy your videos!
My seller's attorney didn't finish up paperwork and follow-up, and years later I still had no deed and the seller didn't have his money!
@@dorkladytravels Yeppers!
The seller kept trying to find out what was the problem over the phone with no luck.
I went to the CRIM office to do the property tax thing and I was told that I needed to go to the title or deed office which was on the property, and that understaffed office found my file and the guy explains to me that my seller's attorney allowed the father to use the power of attorney to close on the house but he signed other papers with the bank that had to do with the loan they were paying off that the power of attorney did not give him the authority to sign, so nothing was completed because his attorney sent a paralegal to the deed office that didn't know what they were doing and it wasn't followed up on until I discovered the problem and informed the previous owner.
@@dorkladytravels
My concern was, what if I need to sell it??? 😂
@@dorkladytravels
Like Wil said, make sure you get a good attorney to close, and it appears it's also important if you're selling!
Inheriting property here is the big nightmare from what I am understanding. One of my neighbors died from cancer and his son and daughter were here for a month trying to deal with the legalities, and they're just not getting anywhere.
@@OtayBuckwheat as a buyer would you suggest the buyer using their own Notary I stead of the sellers suggesting their own Notary?
@@nesq4104
I used my own and I'm glad I did because the seller's Notary dropped the ball and created many problems for him.. that would have also affected me if I'd tried to sell before the issues were resolved.
Awe!! I just spent a week in Rincón. I LOVE it there!! It was a bittersweet trip but, a great time nonetheless!
You're right, getting things done in PR is pulling teeth hence, I started a legal process from the states & I spent literally 30 mins. @ the entity once I got there; thanks to the help of my fam., who like me, doesn't play games!!
I had so many Realtors hang up on me because they didn't speak or understand English!
well, we speak Spanish. Time to learn the language of the island that's hosting you.
@@gabyz.2585
Perhaps Realtors serving a public market should learn both languages or hire at least one educated employee?
How about that argument for statehood??? 🤔
@@OtayBuckwheat We're not a state. We don't have state benefits, and no, we don't need to speak in English to foreigners looking to buy property in our land.
@@OtayBuckwheat and who says they're not educated? Are you saying you're ignorant since you can't speak Spanish?
@@gabyz.2585
If someone's visiting the island for 2 weeks and they wish to look at properties, it would certainly behoove those that stand to lose thousands in commissions to employ one bilingual person to answer phones.
They can't be too smart. 😉
The properties I was calling about were listed on Zillow, in English! 😡
No worthy due the constants earthquakes in PR .
We Jiggle and Always Have!
It's better to have lots of small movements rather than that one huge movement. I'd be more concerned about the fault line under Mississippi.
thanks Diane for this series; it was super interesting to watch
Too much scare tactics. Lots of boogie man out there, hire me!
Boring
Rincón is The American Gringos little island 🏝