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Puerto Rico Real Estate Article
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Finding Qualified Real Estate Agents
from:The first step is to find good real estate agents in the area that you are looking to invest in is to look for local real estate agents where you are now and ask them if they know anyone in the area you are thinking of moving to. If that fails, contact the better business bureau or the local convention and visitors bureau. They may be able to tell you which agents in their area have the best reputations. Once you have located several real estate agents that you may want to work with, take the time to meet them in person. Don’t be afraid to ask for references and if you are considering purchasing a foreclosure ask what kind of experience they have in dealing with these types of purchases. If you do not like the answers you receive or are in any way uncomfortable, keep looking. Finding the right real estate agent to help is essential.
If you want to buy foreclosures, look for a knowledgeable agent
No matter how much real estate training someone has invested in if they do not stay up to date on the latest trends, laws and information they may not be the best person to help you. The real estate market is changing. Foreclosures are at record levels and house prices are plummeting. Savvy investors are looking for real estate agents who know the foreclosure market inside and out to help them make good decisions that they can profit on. Look for an agent who specializes in foreclosures. Ask them how they can help you purchase a foreclosed property and then let ask them why that may or may not be to your best advantage. Do some homework on your own to make sure their knowledge is up to date. After all, helping you make the right purchase is what they are being paid to do.
Ask the real estate agent for a listing of foreclosures
Obtaining and reading a listing of properties that have been foreclosed on before you look at any of the properties can have its advantages. Ideally a listing will have a photo of the property as well as any pertinent information about the property. You will know ahead of time what features and amenities the property has. If you are planning to purchase the property strictly as an investment, these features can be strong selling points. Other pertinent information will include the asking price, which usually can be negotiated even on a property that has been foreclosed on. Ask the real estate agents you are considering working with what bank officers, credit union officers and mortgage company officers they work with. There places will want to get rid of any foreclosed properties as quickly as possible. The lot features such as lot size, sewer and utilities should be listed as well as building interior and exterior features. If appliances are going to stay they will be listed as well. Homes that have been foreclosed on will not have a tenant or homeowner there so the real estate listing will be your main source of information.
Puerto Rico Real Estate News
Oriental Financial Group Declares Regular Quarterly Cash Dividend of $0.06 per ... - MarketWatch (press release)
Oriental Financial Group Declares Regular Quarterly Cash Dividend of $0.06 per ... MarketWatch (press release) SAN JUAN, Puerto Rico, May 23, 2012 (BUSINESS WIRE) -- Oriental Financial Group Inc. (NYSE:OFG) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.06 per common share for the quarter ending June 30, ... |
Summer real estate market should show "modest gains" - The Augusta Chronicle
Summer real estate market should show "modest gains" The Augusta Chronicle Real estate agent Rose Marie Marshall (left) shows Lourdes Berros-Ramos a home in the Windmill Plantation neighborhood in Evans. Berros-Ramos and her husband, Luis Ramos, came to Augusta from Puerto Rico three years ago and have been renting. |
Taubman Announces Construction To Begin On The Mall of San Juan - MarketWatch (press release)
Taubman Announces Construction To Begin On The Mall of San Juan MarketWatch (press release) New Century Development, Inc. is a real estate development firm headquartered in Puerto Rico focused on the development of the 27-acre parcel of land that will host The Mall of San Juan. In addition, New Century is planning to build the hotel and ... |
Taubman Announces Construction To Begin On The Mall of San Juan - PR Newswire (press release)
Taubman Announces Construction To Begin On The Mall of San Juan PR Newswire (press release) New Century Development, Inc. is a real estate development firm headquartered in Puerto Rico focused on the development of the 27-acre parcel of land that will host The Mall of San Juan. In addition, New Century is planning to build the hotel and ... |
Simon Property Group, Calloway REIT, and SmartCentres Announce Second Premium ... - PR Newswire (press release)
 Inside INdiana Business | Simon Property Group, Calloway REIT, and SmartCentres Announce Second Premium ... PR Newswire (press release) INDIANAPOLIS, May 21, 2012 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG), the world's leading retail real estate company, Calloway Real Estate Investment Trust ("Calloway") (TSX: CWT-UN) and SmartCentres announced plans to develop their second ... Simon Property Group, Calloway REIT and SmartCentres Announce Second Premium ... |
Officials seek proposals for Springfield's former Chestnut Junior High School ... - MassLive.com
Officials seek proposals for Springfield's former Chestnut Junior High School ... MassLive.com Previously, Miramar Real Estate Management, of San Juan, Puerto Rico, was selected as preferred developer in February 2007, but was dropped by the city in late 2009 after its housing plans failed to materialize. Miramar was proposing an estimated $25 ... |
Attention Investors / Builders / Developers / Brokers Bidonbankreo.com May 30 ... - DigitalJournal.com (press release)
Attention Investors / Builders / Developers / Brokers Bidonbankreo.com May 30 ... DigitalJournal.com (press release) Commercial Real Estate Advisor, Greg Finley, of Sperry Van Ness / Fiducia Properties said, "Most of these properties offer opportunities for the savvy investor with capabilities and experience to 'fix up' and either rent or resell in the market place ... |
AM Best Downgrades and Places Ratings of Cooperativa de Seguros de Vida de ... - MarketWatch (press release)
AM Best Downgrades and Places Ratings of Cooperativa de Seguros de Vida de ... MarketWatch (press release) OLDWICK, NJ, May 18, 2012 (BUSINESS WIRE) -- AM Best Co. has downgraded the financial strength rating to C++ (Marginal) from B- (Fair) and issuer credit rating to "b" from "bb-" of Cooperativa de Seguros de Vida de Puerto Rico (COSVI) (San Juan, PR). |