What could Affect My Purchase?How Do I Set a Budget? Step 1: Pre-Qualification for a MortgageBefore viewing properties, request a pre-qualification letter from your bank or mortgage provider. This letter indicates the amount you are approved to finance. Remember: The bank will only lend up to the appraised value of the property, which will serve as collateral. Step 2: Establish Your BudgetConsider these...
by veralrealestatepr@gmail.com
The housing market in Puerto Rico operates within a multifaceted and globally influenced environment, compounded by local systemic issues. Understanding this landscape requires considering both international trends and specific regional challenges. Global and Local Drivers of Housing Cost InflationInternational Trends: Similar to other markets, notably the United States, Puerto Rico faces an upward...
by veralrealestatepr@gmail.com
With two decades of involvement in real estate spanning Dubai, Ukraine, and now Puerto Rico, I have witnessed firsthand the island’s evolving landscape. As we stand in 2025, it is crucial to approach Puerto Rico’s future with both optimism and caution—balancing opportunity with responsibility—to ensure sustainable growth that benefits all residents.Puerto Rico’s journey toward recovery is steady...
by veralrealestatepr@gmail.com
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