Buyer Beware. Here is an article and video (Spanish) of a couple that made an offer for a 300k home and gave the realtor the 15k deposit required. After a while, the realtor came back to ask them to up the offer, the couple said they would not and as such that they wanted their deposit back to which they were entitled since the offer was not accepted. They never got their money back. Apparently the DACO office has a long history of schemes from this realtor. Hope they catch the guy, he seems to be on the run. In PR you make an offer with no money and if the seller accepts it, then you put down your 5% deposit and sign the papers. The money is supposed to be put under escrow (by the lawyer) but apparently that is not what happened here. BTW, as a buyer you get to select the lawyer, do not accept the one from the seller, you have the right to close using your lawyer not theirs. The realtor I have been told is from CerroMonte Realty, apparently several other mainlanders have also been taken by this guy. He seems to be targeting mainlanders, so beware.
https://www.telemundopr.com/noticias/As … 86743.html