Roxana Rangel V.
13 de ago de 20231 min.
The process of buying or selling property in Panama can be a bit stressful for some, since there are very important things that must be taken into account.
For those who sell, it is important before starting a sales process, to understand that there are expenses related to the process that must be included in their budget, such as the payment of 2% and 3%, the payment of real estate tax, commissions, among others.
Knowing the costs of the process will allow you to define the route of the process, and how much down payment you need.
For those who buy, remember that it is important to investigate the status of the property, you want to know if it has a mortgage or if it is seized, in the same way to know if the person who sells you is, in fact, the owner of the property property.
Want to know more? Let us be your guide in this process.