(International Living) I love Panama City and all there is to do in and around the gleaming capital—from operas to charity walks to fun classes like improv and foreign film appreciation. Anything goes. You might think that makes Panama City expensive for property. Sometimes it is. You can find condos listed at luxury prices—$250,000 and up. But you can also find condos for … [Read more...]
Real Estate Ownership Issues in Panama
(International Living) Most land and homes are sold privately, without a real estate agent. There are active agents, however, and their fees are usually 5%. There is no escrow and no title insurance in Panama, though a secure transaction can be made through a local bank. We recommend you have land surveyed before you purchase it. And don’t purchase any property without … [Read more...]
A Step by Step Guide to Buying Property in Panama
(International Living) Purchasing property in Panama is very similar to the process in the United States, but there are some important differences. Step 1: Confirm the Title The first thing you need to do is confirm the legal owner of the property. After you’ve found the property you want to buy, ask the owner for two important documents: the public deed containing the … [Read more...]
Twelve Tips for Buying Pre-Construction Property
It’s the only legal back-up you have for one of the most expensive purchases you will make. Yet it’s something that most buyers don’t check. Worse, those few that do take the time to check usually don’t understand it. I’m talking about the sale contract…and if you’re buying a pre-construction property overseas, you really need to pay close attention to it. Pre-construction … [Read more...]
Lovely Spanish-style Colonial in Panama
(Homedit.com) If you are one of the many house hunters out there and you are looking for a stylish home, then this next house is going to blow your mind. Located in the gated beachfront resort of Buenaventura, on Panama’s Pacific Coast this home is the perfect place to start your search. This six-year-old house is a gorgeous home and is situated just a hour and a … [Read more...]