In this episode of the Power Brokers Podcast, host Joe Santini interviews Wilfried Leammon, a seasoned real estate broker in Puerto Rico. Will shares his journey from Idaho to Puerto Rico, discussing the unique challenges and opportunities in the local real estate market. He emphasizes the importance of understanding the cultural and legal differences in Puerto Rico, the dynamics of the housing market, and the significance of having a reliable local team. The conversation also covers practical advice for potential buyers and those considering relocation to the island.   Takeaways Will started in real estate by accident, transitioning from a planned career in computer programming. He emphasizes the importance of understanding Puerto Rico's unique real estate landscape, including cultural and legal differences. Starting a business in Puerto Rico requires patience and adaptation to local practices. The MLS is underutilized, making local knowledge crucial for finding properties. Buyers often need to adjust their expectations based on the local market conditions. Puerto Rico's real estate market is competitive, with a mix of local and mainland buyers. Prices have significantly increased, with many homes requiring renovations. Closing transactions can take longer due to the need for thorough title searches and local processes. Renting before buying is highly recommended for newcomers to understand the island better. Having a strong local team is essential for success in the Puerto Rican real estate market. Titles Navigating Puerto Rico's Real Estate Market From Idaho to Puerto Rico: A Broker's Journey Sound Bites "The MLS is grossly underused." "It's a seller's market here." "I always tell people, rent first." Chapters 00:00Introduction to Puerto Rico Real Estate 01:15Will's Journey into Real Estate 02:50Starting a Business in Puerto Rico 04:26Navigating the Real Estate Landscape 08:15Understanding the Market Dynamics 10:55Pricing and Property Types 13:06Closing Transactions in Puerto Rico 16:28Advice for Relocating to Puerto Rico 20:02Keys to Success in Real Estate 21:36lifestyle-intro-high-short.wav Puerto Rico, real estate, relocation, market trends, buyer demographics, closing transactions, local knowledge, business success, cultural adaptation, real estate challenges www.thepuertoricorealestate.com www.joesantini.com