Selling a house in Puerto Rico can feel overwhelming, especially if you are not familiar with the legal terms and processes involved in a real estate transaction.
At Tu Casa Cash, we have helped many homeowners sell inherited, abandoned, and distressed properties. That’s why we created this simple guide explaining the most important terms you should understand before selling your house.
If you are thinking about selling, save this article. It can help you avoid stress, delays, and costly mistakes.
CRIM (Municipal Property Tax Office)
CRIM is the government agency that collects property taxes in Puerto Rico.
- If a house has unpaid CRIM taxes, it can still be sold, but the debt must be resolved at closing.
- Many inherited or abandoned homes have accumulated CRIM debt over the years.
At Tu Casa Cash, we verify CRIM balances and work through the legal process so you don’t have to.
Lien
A lien is a debt legally attached to a property, such as:
- Loans
- Municipal debts
- Fines
- Lawsuits
A lien does not prevent a sale, but it must be identified and handled correctly before closing.
Property Title
The property title is the document that proves who the legal owner is.
Common title issues include:
- The title is still under a deceased family member’s name
- Multiple heirs are involved
- The ownership transfer was never completed correctly
These situations are very common and they do have legal solutions.
Declaration of Heirs
When a property owner passes away without a will, a declaration of heirs is required in order to sell the property.
This legal document:
- Identifies the rightful heirs
- Allows the property to be sold legally
Many people feel stuck at this stage, but with the right legal team, the process is manageable.
As-Is Sale
Selling a house as-is means:
- No repairs
- No cleaning
- No remodeling
- The property is sold in its current condition
As-is sales are ideal for:
- Older homes
- Abandoned properties
- Homes with structural or cosmetic damage
- Inherited houses
At Tu Casa Cash, we buy houses as-is.
Closing Costs
Closing costs are the legal expenses involved in selling a property, such as:
- Notary fees
- Attorney fees
- Title studies
- Legal documentation
In a traditional sale, these costs are often paid by the seller.
At Tu Casa Cash, we cover the legal closing costs.
Fast Closing
A fast closing means the sale can be completed in days or a few weeks, not months.
With a cash sale:
- There is no bank involved
- No financing approval required
- No appraisals delaying the process
In many cases, we can close in 7 days or less, depending on the situation.
Cash Offer
A cash offer means:
- The buyer already has the funds available
- The sale does not depend on loans
- There are no bank approvals required
This significantly reduces:
- Cancellations
- Delays
- Stress
Why Knowing These Terms Matters
Understanding these terms helps you:
- Know your real situation
- Avoid false promises
- Make informed decisions
- Save time and money
Selling a house in Puerto Rico does not have to be complicated, but it is important to work with the right people.
Have Questions About Any of These Terms?
Speaking with us does not obligate you to sell. It simply helps you understand your options.
Call or text: 787-209-8810
Visit: www.tucasacash.com
At Tu Casa Cash, we buy houses across Puerto Rico, in any condition, and handle the legal process so you don’t have to.