Property assessments offer you invaluable insights to strategically prepare for the future and make informed choices. Staying well-informed about your property equity and its potential for selling is a prudent step. Your property is probably the most valuable asset you own. We recognize how important it is for you to sell your property at the maximum price, in the shortest time possible and without problems. Our goal is to help you achieve this. To obtain the most accurate valuation, don't hesitate to contact us for a personalized a Comparable Market Analysis or a Professonal Appraisal.

What's a Comparable Market Analisis?

Market Analysis by Comparables Sales is one of the approaches and mechanisms used by Professional Appraisers to determine the value of a property. Our office has adopted this system to help you establish the correct selling price of your property. The correct price of a property is the highest price the buyer is willing to pay for a property in an area. For this reason, Market Analysis by Comparables is based strictly on the comparison of your property with other properties similar recently sold. Market Analysis by Comparables studies your property and compare your property carefully with other properties Sold in similar terms of square meters of land, feetsquares of construction, location, amenities and even the terms under which it is they sold.

What's a Appraisal Based on a Professional Opinion?

An Appraisal is an unbased valuation of a property based on a professional’s opinion. They are usually what mortgage companies use for purchases and refinances. A lender usually orders an appraisal and the cost of the appraisal, sometimes up to $500, is paid by the Buyer of the property. An appraiser does a complete visual inspection of the interior and exterior of the property as well as taking into consideration recent sales of similar properties and market trends. The appraiser then compiles a detailed report on the property, including an exterior building sketch, a street map showing the property and any comparable sales, photos of the property and street, an explanation of how the square footage was calculated, and any other relevant information. 

How is Evaluation Performed?

Sources such as the CRIM, the Property Registry and lists of properties sold throughout Puerto Rico are consulted by our office to prepare a Market Analysis by Comparables. Professional Appraisal help you establish objectively the correct selling price of your Property before List Your property For Sale. We will present you a clear position of your property's potential in the Sales Market. Let one of our experts guide you.

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If you’re like most people, buying a home represents your single biggest investment – and debt. As such, the home buying process can be one of the most exciting, but sometimes also stressful, experiences you ever go through. This may be true whether you’ve bought many properties or you’re looking to buy your first, whether you’re in the market for a new primary residence, an investment property or that perfect vacation getaway. More over, never has the real estate market offered more great opportunities, or been fraught with more risks, than now. There are many factors to consider and many decisions to make. That’s why, when buying, it’s crucial for you to have all the available resources necessary to make a well-informed decision, together with the time required to make complete use of them. That’s also why you should enlist the help of a trusted REAL ESTATE AGENT who will be able to provide you with expert consultation at each step of the buying process. Generally, finding and purchasing a home includes the following steps, some of which are examined in more detail throughout this information:

1. Define Your Goals, Research Your Options, Make Your Plans

Given that buying a property is such a big step, it’s all the more important for you to educate and prepare yourself as much as possible in advance. This means clearly determining why you’re buying and what kind of property you’re looking for. And because buying and financing a property are so closely related, it also means examining your current financial situation and projecting how much you can afford.

Once you’ve answered these questions, even tentatively, you’ll be in a better position to research your property and mortgaging options, as well as create an action plan and timelines for moving forward. You may want to do this yourself, but you may also benefit by consulting an experienced REAL ESTATE AGENT right from the start.

2. Contact A Real Estate Agent

Buying real estate is a complex matter at the best of times, given that there are so many factors to consider and no two properties or transactions are alike. However, with all the unique opportunities and potential pitfalls of the current market, it’s even more important for you to contact a REL ESTATE AGENT once you’ve definitely decided to buy. In choosing a REAL ESTATE AGENT to guide you through the property search, financing, negotiation and transaction processes, you should consider their local market knowledge, experience and track record.

3. Get Pre-Approved For A Loan

Generally, it is recommended that you get pre-qualified for a loan beforeyou start viewing homes with the serious intention of buying. The preapproval process involves meeting with a lender and authorizing themto examine your current financial situation and credit history. On thebasis of this examination the lender will provide you with a documentthat details how much you can borrow to buy a home.You may want to consider looking online to see what different lenders offer, such as on EQUITY MORTGAGE, ORIENTAL MORTGAGE, MONEYHOUSE, PREFERRED MORTGAGE, POPULAR MORTGAGE or contacting your LOCAL BANK or COOP.

The benefits of pre-qualification include:

• You’ll have information about what you can afford and beable to plan accordingly

• As a qualified, motivated buyer you’ll be taken more seriously when you make an offer on a home

• Lenders can tell you whether you qualify for any special programs that will enable you to afford a better home(particularly if you’re a first-time buyer) Real estate financing is available from many sources, and an experienced REAL ESTATE AGENT will be able to suggest lenders with a history of offering excellent mortgage products and services. For more information about the benefits of pre-approval and the loan process in general.

4. View Properties And Select THE ONE

Simply put, key to the Property search process is knowing what you’re looking for. Among other things, that means distinguishing between“must-haves” and “like-to-haves”. To help you to target your search and define your property preference priorities. That said, here are a few recent facts about the search process that might put your experience in perspective:

• Almost 90% of buyers use the Internet to search for properties

• The typical buyer searches for 12 weeks and views 12 properties

• 81% of buyers view real estate agents as very useful in the search process.

There are many benefits to starting the search process at a real estate website PROPIETRES.COM. You can view many prperties and their details, take video tours and access neighborhood info. However, it’s also important to view properties in person. While their property details may seem similar online, properties can actually be very different in terms of layout, design, workmanship and other aspects. In addition, you should ideally view properties with the help of an experienced and eagle-eyed REAL ESTATE AGENT who’ll notice things you might miss, provide expert analysis, and act as an impartial sounding board.

5. Make An Offer And Negotiate With The Seller

Now that you’ve found the property you’d like to buy, it’s time to make an offer. Your Professional Real Estate gent, working with legal counsel, has developed the contracts that are used for transactions in your area. These contracts enable you to specify a sale price and also include many clauses for specifying various terms of purchase, such as the closing and possession dates, your deposit amount, and other conditions. You should carefully review these clauses with your REAL ESTATE AGENT to ensure that they express your desired offer. In addition to drawing up the contract, your REAL ESTATE AGENT will be happy to address all your questions about the offer process.*Once you’ve written the offer, your REAL ESTATE AGENT will present it to the seller and/or the seller’s representative. At that point, the process –given that a property eventual sale price is subject to supply and demand– will depend on the kind of market you’re in. Generally though, the seller can accept your offer, reject it, or counter it to initiate the negotiation process. 

Successive counter-offers, with deadlines for responding and meeting conditions, will be exchanged between you and the seller until a mutually-satisfactory pending agreement is reached or the negotiations breakdown. Negotiations can involve many factors relating to different market conditions, properties and sellers.

6. Secure Your Financing

Once you have a pending agreement, it’s time to go back to your chosen lender to finalize your mortgage details so you can close the deal. This means finalizing your down payment, interest rate, regular payment schedule and any other financial conditions associated with the closing. As noted in the section on loan pre-approval, if you’ve already been qualified with a lender for a certain loan and home purchase, this phase of buying your new home should be a relatively straight forward matter that centers around finalizing the loan details and signing the mortgage papers. As the old saying goes, ‘let the buyer beware’. Particularly in these times, when so many buyers are suffering the consequences of having not fully understood their financing decisions, it’s crucial for you to work with people you trust. In this regard, a good REAL ESTATE AGENT can be a true friend for life. For more information on the loan process.

7. Close The Deal

If you’ve efficiently taken care of everything connected with purchasing your new property, the experience of taking ownership will be a positive joy with no surprises. Key steps to the closing, also referred to as the“escrow” or “settlement”, include:

• Getting a Title Search – an historical review of all legal documents relating to ownership of the property – to ensure that there are no claims against the title of the property. It is also necessary to purchase Title Insurance in case the records contain errors or there are mistakes in the review process.

• The Final Walkthrough – you’ll be given the chance to look at the property to make sure it’s in the same condition as when you signed the sale agreement.

• The Settlement – typically, on the Closing Date you’ll go to a Lender Office and a Lawyer verify and sign all the paperwork required to complete the transaction. The settlement will include paying your closing costs, legal fees, property adjustments and transfer taxes if apllicable. At that point, you’ll receive the property title and copies of all documentation pertaining to the purchase. Oh, and one more thing – you’ll get the keys. In most cases, Possession Date will fall within a couple days, at which point you’ll be able to move into your new property.