Hot Puerto Rico Market Attracting New York/New Jersey Real Estate Investors

Aug. 22, 2008 - PRLog -- PUERTO RICO – Just like the warm tropical weather, New York and New Jersey residents are finding the real estate market hot in sunny Puerto Rico.

“There has been a strong demand from homebuyers in the New York-New Jersey area looking for foreclosures and vacation real estate home deals in Puerto Rico,” said Paradise Properties Realtor Molly Assad. “There are plenty of them to be found. It’s definitely a new trend on the whole foreclosure real estate market.”

In fact, to assist New York area homebuyers looking for Puerto Rico real estate, Assad is putting together a Your New Home – Puerto Rico four to five day homefinding trip from the area starting in mid-September where homebuyers will be treated to the best in island culture along with a tour of current foreclosed, bank owned and repossessed properties priced around the $200s.

“We are inviting everyone in New York and New Jersey to find out about the great vacation and retirement homes in Puerto Rico,” she said. “We want to share the great lifestyle, the tropical paradise and the outstanding real estate market in Puerto Rico.”

Assad believes most New York and New Jersey residents recognize Puerto Rico as a tropical resort destination but don’t recognize that real estate in Puerto Rico functions the same as in the United States.

“Being a commonwealth of the United States, the real estate system is exactly the way it is in New York or New Jersey,” she said. “In Puerto Rico, homebuyers can enjoy an exotic tropical paradise Caribbean home in an area that is actually part of the United States – with no passport or travel visa required.”

It can be said that Paradise Properties Realtor Molly Assad has a true passion for Puerto Rico and its beautiful real estate. Her passion and expertise will be soon be known all over the United States when Home and Garden Television (HGTV) accents the current hot housing market by airing their “My House is Worth, What?” program on Puerto Rico in the Fall featuring Molly Assad as the island’s real estate expert.

According to Assad, “House Hunters”, another popular HGTV show is also on its way to Puerto Rico. They are seeking buyers who are in the process of searching for property in Puerto Rico and would be willing to show their buying experience on national television.

If you are interested in participating in the homefinding trips or the HGTV television show, please call Molly Assad at 787-642-3205 or email her at mollyassad@realtor.com.

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Media Contact:
Molly Assad
Paradise Properties
Phone: 787-642-3205

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