As more people find their ideal home in Panama, you might wonder if you, too, can buy a piece of this paradise. The idea may seem daunting at first, but with our support, you have nothing to worry about. We streamline the process of buying property in Panama to make it straightforward and worry-free for you.
At Panama Centro Realty, we have years of experience working with expats looking for a comfortable and affordable place to retire, as well as investors searching for the perfect vacation home with breathtaking views and access to local amenities and nature. We are confident in our ability to help you navigate the local real estate market to find the right property that fits your needs and budget. Allow us to get you started with this comprehensive guide.
Search of properties
Browse our up-to-date property listings and note the homes that suit your requirements. Then, you can contact us by phone or email for any questions or concerns you have about the property.
Agreeing with the seller
Before buying property in Panama, it’s important to agree on the following points with the seller:
- Sales price
- The sale’s terms and conditions
- Down payment, which is typically 10% to 30%.
In addition, you must think about the following things as the buyer:
- The best way to structure the sale (e.g. should you receive it in your own corporation, name, or foundation?)
- Should you pay in cash or get financing for the total cost?
- Registration expenses and legal fees
- Notary and inscription fees
Get an attorney
Although we take our time with every listing, we still recommend getting an attorney to help you with the legal side of buying property in Panama. Attorneys will conduct due diligence on the home to determine that it’s duly registered to the seller’s name, in good standing, and without any lawsuits or liens. These professionals will do their research before you sign any contract or make any down payment.
Other considerations
Buying property in Panama also involves a Promise to Purchase Agreement and a Final Purchase Deed. Your attorney can also help with these.
Are you ready to buy a piece of paradise in Panama? Search for properties here at Panama Centro Realty, and feel free to connect with us by calling +507 2276645.
Panama Realtor 
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