Zillow Advice RSS: Question-Discussion-Guide,All Real Estate Advice Topics,PR http://www.zillow.com/advice/PR/all/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate How much taxes are owed on Puerto Rico property sold for 86,000. http://www.zillow.com/advice-thread/How-much-taxes-are-owed-on-Puerto-Rico-property-sold-for-86-000/533429/ 0 replies Sun, 23 Mar 2014 13:51:00 GMT http://www.zillow.com/advice-thread/How-much-taxes-are-owed-on-Puerto-Rico-property-sold-for-86-000/533429/ 2014-03-23T13:51:00Z I cant seem to figure out how to find the listing broker when I get a lead for it http://www.zillow.com/advice-thread/I-cant-seem-to-figure-out-how-to-find-the-listing-broker-when-I-get-a-lead-for-it/423261/ 5 replies Thu, 17 Nov 2011 20:58:00 GMT http://www.zillow.com/advice-thread/I-cant-seem-to-figure-out-how-to-find-the-listing-broker-when-I-get-a-lead-for-it/423261/ 2011-11-17T20:58:00Z Are you planning to relocate&gt;? and pay low tax? http://www.zillow.com/advice-thread/Are-you-planning-to-relocate-gt-and-pay-low-tax/520445/ ACT 22<br/><br/>Purpose<br/>Along with Act 20, Puerto Rico adopted the "Act to Promote the Relocation of Individual Investors" (Act 22) to stimulate economic development by offering nonresident individuals 100% tax exemptions on all interest, all dividends, and all long-term capital gains to entice nonresidents&nbsp; to relocate in Puerto Rico.<br/>&nbsp;<br/><br \><br \>1 reply Sat, 30 Nov 2013 18:53:00 GMT http://www.zillow.com/advice-thread/Are-you-planning-to-relocate-gt-and-pay-low-tax/520445/ 2013-11-30T18:53:00Z What to know in Puerto Rico Real Estate? http://www.zillow.com/advice-thread/What-to-know-in-Puerto-Rico-Real-Estate/530021/ The island of Puerto Rico is a very popular tourist destination because of its location, rich history and warm atmosphere. There is a US federal Court System and the local laws of the Commonwealth of Puerto Rico adhered from old Spanish laws from the country of Spain. All property transactions are adhered to and transacted in the old Spanish laws including the property registries. The island has a wide selection of real estate from residential homes and condos. There are areas of Luxury Homes throughout the Island. You will find many commercial properties including retail, multi-family and industrial warehouses. There is still plentiful supply of land to purchase including commercial and agriculture throughout the island. Feature properties around the island are cliff ocean view homes and beachfront homes with panoramic views. There are central mountain homes with ocean or lake view homes, some with both. There is a Urban metropolitan area mostly around the cities of San Juan, Carolina and Guaynabo with high end buildings offering accessible public transportation, walking distance to shopping areas, malls, beaches and cultural arts centers. The Rural areas mostly found in the central and south end of the island offers beautiful Caribbean style homes built on large parcels of land. Puerto Rico is a unique island with many real estate opportunities lower end property taxes than most of the other Caribbean Islands, more airports and sea ports than other Caribbean Islands, more US banking systems and franchises with excellent infrastructure.<p>Puerto Rico offers a vast selection and lower price range real estate within the Caribbean. Puerto Rico also offers many benefits and tax exemptions when buying Puerto Rico Real Estate.</p><br \><br \>2 replies Wed, 26 Feb 2014 03:58:00 GMT http://www.zillow.com/advice-thread/What-to-know-in-Puerto-Rico-Real-Estate/530021/ 2014-02-26T03:58:00Z I NEED TO REPLACE A LOSS PROPERTY DEED HOUSE IN PUNTA SANTIAGO, PR WHERE CAN I GET THIS? http://www.zillow.com/advice-thread/I-NEED-TO-REPLACE-A-LOSS-PROPERTY-DEED-HOUSE-IN-PUNTA-SANTIAGO-PR-WHERE-CAN-I-GET-THIS/507360/ 2 replies Sat, 17 Aug 2013 22:09:00 GMT http://www.zillow.com/advice-thread/I-NEED-TO-REPLACE-A-LOSS-PROPERTY-DEED-HOUSE-IN-PUNTA-SANTIAGO-PR-WHERE-CAN-I-GET-THIS/507360/ 2013-08-17T22:09:00Z Cualificas para la ley 87 ?Dept de Vivienda de Puerto Rico hasta $150,OOO http://www.zillow.com/advice-thread/Cualificas-para-la-ley-87-Dept-de-Vivienda-de-Puerto-Rico-hasta-150-OOO/442669/ LEY 87 En el caso de la Ley 87, son miles de personas en Puerto Rico las que han logrado adquirir su hogar a trav&eacute;s de este programa. Entre las caracter&iacute;sticas principales del mismo se encuentran: el valor total de la hipoteca no puede exceder los $150,000, el ingreso familiar es hasta $60,000 y solo es necesario un 2% de pronto. Ejemplo: Si la propiedad que interesa comprar tiene un valor de $100,000, el pronto ser&iacute;a de tan solo $2,000. Adem&aacute;s, como atractivo adicional, este programa se puede aplicar tanto a vivienda nueva como existente y a una sola unidad de vivienda, sea unifamiliar, condominio o &ldquo;walk-up&rdquo; siempre y cuando sea su vivienda principal. A nivel de cr&eacute;dito, el solicitante debe tener un m&iacute;nimo de tres experiencias de crediticias, preferible aquellas relacionadas a gastos del hogar.<br \><br \>1 reply Mon, 14 May 2012 01:02:00 GMT http://www.zillow.com/advice-thread/Cualificas-para-la-ley-87-Dept-de-Vivienda-de-Puerto-Rico-hasta-150-OOO/442669/ 2012-05-14T01:02:00Z Zillow is not recornizing the address in typing .. need help http://www.zillow.com/advice-thread/Zillow-is-not-recornizing-the-address-in-typing-need-help/527009/ I want to claim a house in PR to put it up for sale and am having trouble getting the address to be recognized.<br \><br \>1 reply Mon, 03 Feb 2014 18:22:00 GMT http://www.zillow.com/advice-thread/Zillow-is-not-recornizing-the-address-in-typing-need-help/527009/ 2014-02-03T18:22:00Z How can I save my postin g before gettin a phone number verification? http://www.zillow.com/advice-thread/How-can-I-save-my-postin-g-before-gettin-a-phone-number-verification/517054/ I can't verify my phone and it's working perfectly well and i can't save the information I completed until I get this resolved. Please Help!! I've already entered the info 3 times.<br \><br \>3 replies Mon, 28 Oct 2013 20:41:00 GMT http://www.zillow.com/advice-thread/How-can-I-save-my-postin-g-before-gettin-a-phone-number-verification/517054/ 2013-10-28T20:41:00Z (Moved): Why Puerto Rico it`s a PARADISE? http://www.zillow.com/advice-thread/Moved-Why-Puerto-Rico-it-s-a-PARADISE/520460/ This discussion has been moved to the following location: <a href="http://www.zillow.com/advice-thread/Why-Puerto-Rico-it-s-a-PARADISE/520458/">http://www.zillow.com/advice-thread/Why-Puerto-Rico-it-s-a-PARADISE/520458/</a><br \><br \>0 replies Sat, 30 Nov 2013 21:53:00 GMT http://www.zillow.com/advice-thread/Moved-Why-Puerto-Rico-it-s-a-PARADISE/520460/ 2013-11-30T21:53:00Z Why Puerto Rico it`s a PARADISE? http://www.zillow.com/advice-thread/Why-Puerto-Rico-it-s-a-PARADISE/520458/ <p>Puerto Rico offers top private schools. Many of their graduates go on to study in the upper echelon of U.S. universities or at the University of Puerto Rico.</p><p>The University of Puerto Rico, the state school, offers excellent accredited programs at very low rates. The private university system also offers quality program.</p><p>Puerto Rico's banks are part of the U.S. banking system, regulated by the same institutions that regulate banks in the U.S., as well as, by a local Commissioner of Financial Institutions. The island is serviced by four local financial institutions, two Spanish banks and one Canadian bank with total assets of approximately $68 billion, as of December 31, 2011. They are supervised by the Office of the Commissioner of Financial Institutions of Puerto Rico, the FDIC and the Federal Reserve. Also operating to service clients outside the Island are various banks established as International Banking Entities. The have a total of approximately $2.3 billion in assets.</p><p>The island has over 50 hospitals, about half of them in the metropolitan area of San Juan. Doctors, many of them U.S. trained, are available in many specialties.</p><p>Housing alternatives are ample. The real estate market provides plentiful attractive alternatives for corporate rentals at competitive rates..</p><p>The island offers miles of coastline, beautiful mountains, and tropical forests, offshore islands to explore, great fishing, diving, and golf courses, and wonderful restaurants.</p><br \><br \>0 replies Sat, 30 Nov 2013 21:43:00 GMT http://www.zillow.com/advice-thread/Why-Puerto-Rico-it-s-a-PARADISE/520458/ 2013-11-30T21:43:00Z Puerto Rico Act 22, Eligibility? http://www.zillow.com/advice-thread/Puerto-Rico-Act-22-Eligibility/519955/ &nbsp;&nbsp;&nbsp; <div class="item_fulltext"><p>&nbsp;</p><p>&nbsp;</p><p><strong><em>Eligibility</em></strong></p><p><em>Under the P.R. Internal Revenue Code:</em> Nonresident individuals who become residents of Puerto Rico are considered eligible under Act 22 unless the individual was a resident of Puerto Rico at any time beginning on January 16, 1997 and ending on January 16, 2012. &nbsp;An individual that becomes domiciled in Puerto Rico is considered a Puerto Rican resident. An individual's 183-day physical presence in Puerto Rico establishes a presumption of residency under the Puerto Rico Tax Code.</p><p><em>Under the U.S. Internal Revenue Code:</em> Under U.S. IRC &sect;933,income derived from sources within Puerto Rico by individuals qualified as bona fide residents are exempt from federal income taxation. For an individual to considered a bona fide resident of Puerto Rico under U.S. IRC &sect;937, an individual must be present in Puerto Rico for at least 183 days of the year. Second, the individual must not have a tax home outside of Puerto Rico during the year. A tax home is determined to be located near an individual's principle place of business. Third, the individual must have a closer connection to Puerto Rico than the U.S. or another country. This is determined by a variety of factors including but not limited to the location of individual's home, family, personal belongings, and voting district. &nbsp;The tax exemption period begins on the date an individual becomes a resident of Puerto Rico.</p><br/><p>&nbsp;</p></div><br \><br \>0 replies Sun, 24 Nov 2013 13:06:00 GMT http://www.zillow.com/advice-thread/Puerto-Rico-Act-22-Eligibility/519955/ 2013-11-24T13:06:00Z How to sell your property in Puerto Rico? http://www.zillow.com/advice-thread/How-to-sell-your-property-in-Puerto-Rico/519331/ Tips for Selling Your Home<p class="p2">Homes sell year round in most markets but there are times when the market is naturally slow. Parents do not usually like to remove their children from school in the middle of the year forcing them to adjust to a new environment. There can be seasonal weather issues to contend with and during these times, fewer buyers may be available. If your are selling at these particular times, try to be flexible when considering any offers or you could still be trying to sell your home months down the road.</p><p class="p2">Before listing your home for sale with your Realtor, make sure all pet stains and odors are eliminated. Pet odor is a huge impediment when selling a home. Use a spray bottle with one part hydrogen peroxide (from a drugstore) and three parts water. Spray the affected areas and clean. This gets rid of the pet odors and many stains.</p><p class="p2">Locate all of your warranties. If you are selling a home, chances are that you will be leaving things like a refrigerator, an oven, and possibly a dishwasher. If possible, find these warranties and guarantees for anything that you include in your sale. Even an old user manual could come in handy to the buyer and learning this in advance of an offer will impress potential buyers.</p><p class="p2">Always be open to negotiations when selling your home. Be prepared to make a counter offer when buyers enter a lower than anticipated offer. During markets that are more difficult, buyers tend to look for bargains but do not become offended. Instead, you should counter with a price that makes you comfortable.</p><br \><br \>0 replies Mon, 18 Nov 2013 00:43:00 GMT http://www.zillow.com/advice-thread/How-to-sell-your-property-in-Puerto-Rico/519331/ 2013-11-18T00:43:00Z Who can I go to, to get a equity loan on a house with zero debt in Puerto Rico? http://www.zillow.com/advice-thread/Who-can-I-go-to-to-get-a-equity-loan-on-a-house-with-zero-debt-in-Puerto-Rico/463570/ 2 replies Thu, 11 Oct 2012 02:18:00 GMT http://www.zillow.com/advice-thread/Who-can-I-go-to-to-get-a-equity-loan-on-a-house-with-zero-debt-in-Puerto-Rico/463570/ 2012-10-11T02:18:00Z Comparables information for Puerto Rico? http://www.zillow.com/advice-thread/Comparables-information-for-Puerto-Rico/411057/ I am looking to buy a primary residence in Puerto Rico, and I would like to know the price comparable real estate has sold in the recent past.&nbsp; Anywhere on Zillow I can find this?&nbsp; Thanks!<br \><br \>3 replies Wed, 10 Aug 2011 13:05:00 GMT http://www.zillow.com/advice-thread/Comparables-information-for-Puerto-Rico/411057/ 2011-08-10T13:05:00Z I am thinking of retiring to the San Juan metropolitan area about 7 years from now. Will I have a http://www.zillow.com/advice-thread/I-am-thinking-of-retiring-to-the-San-Juan-metropolitan-area-about-7-years-from-now-Will-I-have-a/510302/ lot of homes in the $100,000 ballpark to choose from.&nbsp; I insist in living in a low crime neighborhood.&nbsp; A home with 2 bedrooms and one full bathroom will suffice.&nbsp; My name is Howard York and my e-mail address is <a href="mailto:h.york@yahoo.com" rel="nofollow">h.york@yahoo.com</a>.<br \><br \>1 reply Fri, 06 Sep 2013 22:28:00 GMT http://www.zillow.com/advice-thread/I-am-thinking-of-retiring-to-the-San-Juan-metropolitan-area-about-7-years-from-now-Will-I-have-a/510302/ 2013-09-06T22:28:00Z Why move to Puerto Rico? http://www.zillow.com/advice-thread/Why-move-to-Puerto-Rico/519281/ <h2 class="p4">Boasting one of the strongest economies in the Caribbean, Puerto Rico has enticed many major American corporations to invest. Industries such as pharmaceuticals, textile manufacturing, petrochemicals and electronics are thriving and livestock and dairy production dominate agricultural pursuits &ndash; once the primary industry &ndash;. Puerto Rico remains a stable real estate environment with numerous investment opportunities available. Because of its close connection with the United States, real estate transactions are similar to the U.S. as are property rights so investments are safeguarded. Puerto Rico is densely populated, which means land is scarce and values appreciate accordingly.</h2><h3 style="text-align: center;" class="p3">&nbsp;</h3><br \><br \>0 replies Sun, 17 Nov 2013 16:00:00 GMT http://www.zillow.com/advice-thread/Why-move-to-Puerto-Rico/519281/ 2013-11-17T16:00:00Z Buying in Puerto Rico?? http://www.zillow.com/advice-thread/Buying-in-Puerto-Rico/519146/ Many people are excited about purchasing a home since it is a fine investment for the future and a great way to build your life. The following information will make that home buying process a little easier and act as a guide as you make perhaps the largest financial investment in your lifetime.<h2 class="p3">Prior to Buying A Home</h2><p class="p2">It is important that you remain realistic when searching for your home. Do not simply purchase your home based upon the price or how much you like what you see. Consider things such as the distance it is from where you work, what the local school district is like, the amount of taxes you will pay and if there are any hidden fees such as condominium fees or homeowners association costs.</p><p class="p2">You should understand that buying a home is certainly a better situation than renting or leasing a house. You may find that paying a mortgage is actually less expensive than paying rent to someone. In addition, owning a home means you have the freedom to make your own decisions with it such as any potential renovations or additions you might require.</p><h3 style="text-align: center;" class="p4">&nbsp;</h3><br \><br \>0 replies Fri, 15 Nov 2013 23:55:00 GMT http://www.zillow.com/advice-thread/Buying-in-Puerto-Rico/519146/ 2013-11-15T23:55:00Z Looking for a lender that will do FHA Streamline for a rental property in Puerto Rico. Please help. http://www.zillow.com/advice-thread/Looking-for-a-lender-that-will-do-FHA-Streamline-for-a-rental-property-in-Puerto-Rico-Please-help/517627/ 7 replies Sat, 02 Nov 2013 05:46:00 GMT http://www.zillow.com/advice-thread/Looking-for-a-lender-that-will-do-FHA-Streamline-for-a-rental-property-in-Puerto-Rico-Please-help/517627/ 2013-11-02T05:46:00Z I'm placing a fbo add and it asks for a 4 digit number, but I'm not receiving the call with the info http://www.zillow.com/advice-thread/I%27m-placing-a-fbo-add-and-it-asks-for-a-4-digit-number-but-I%27m-not-receiving-the-call-with-the-info/513339/ I'm placing a fbo add and it's asking for a four digit number, but I'm not receiving the call with the number.<br \><br \>2 replies Sat, 28 Sep 2013 19:31:00 GMT http://www.zillow.com/advice-thread/I%27m-placing-a-fbo-add-and-it-asks-for-a-4-digit-number-but-I%27m-not-receiving-the-call-with-the-info/513339/ 2013-09-28T19:31:00Z La Realidad de un Short sale en Puerto Rico- http://www.zillow.com/advice-thread/La-Realidad-de-un-Short-sale-en-Puerto-Rico-/511495/ Puesto en pocas palabras, el &ldquo;short sale&rdquo; o venta corta es una alternativa para algunos propietarios que deben m&aacute;s dinero al banco, que el valor que tienen sus casas. Por ejemplo, quienes compraron una propiedad en $400,000 hace seis a&ntilde;os, y ahora esa misma vivienda fue tasada en $200,000, pero debe $380,000, ya tendr&iacute;an uno de los criterios que el banco toma en cuenta al evaluar las solicitudes para hacer un &ldquo;short sale&rdquo;. Toda venta corta debe ser aprobada por el banco o los bancos que tienen las hipotecas. Se aprueba al vendedor, que debe cualificar, y luego se aprueba la venta y las condiciones de la misma, cuando aparece un comprador. El vendedor tiene que hacer los tr&aacute;mites requeridos por el banco que tiene la hipoteca. No existe tal cosa como un librito donde est&eacute;n todas las explicaciones y criterios para aprobar una venta corta, es necesario un proceso de negociaci&oacute;n. Si t&uacute; quieres comprar una casa en &ldquo;short sale&rdquo;: Ser flexible es la primera condici&oacute;n. Entiende dos cosas importantes, el precio puede variar y es muy dif&iacute;cil que se cumplan con las fechas estipuladas. Usualmente hay que hacer extensiones a los contratos. No te dejes deslumbrar por el precio de venta que veas. Muchas veces los vendedores ponen precios tentativos, conscientes de que la &uacute;ltima palabra la tiene el banco due&ntilde;o de la hipoteca. A veces el precio atractivo no est&aacute; ni cerca de lo que es el valor real de las propiedades, y el banco ni mira la oferta, o te env&iacute;a una contra oferta, con el precio que ellos consideran que tiene la propiedad. Comprende que el proceso puede tardar. Es frustrante, es cierto, pero tienes que estar preparado para pasarte un tiempo sin tener noticias. Lo peor es que la mayor&iacute;a de las veces, el mismo agente de bienes ra&iacute;ces que tiene el listado de la propiedad no sabe a ciencia cierta, si el banco aprobar&aacute; el precio y mucho menos cu&aacute;nto tiem<br \><br \>0 replies Mon, 16 Sep 2013 01:58:00 GMT http://www.zillow.com/advice-thread/La-Realidad-de-un-Short-sale-en-Puerto-Rico-/511495/ 2013-09-16T01:58:00Z