What are the Procedures to Purchase Panama Real Estate?
• Select a Trust Worth Real Estate Agency like CENTURY21 Semusa Realty • Create a Relationship with an Agent which clearly understands your needs, the more feedback provided the more effectively we will find your new Dream Property. We offer Buyer Representation. • Identify different sectors that could be of inters & visit some options. • Determine which sector to concentrate on. • View different options within identified sector. • Select Option and Negotiate Best Possible Terms, through our Buyers & Relocation Representation Agreement we will look after your Interest. • Sign a Reservation Agreement to secure the property and do the necessary due diligence to proceed with the purchase. • Sign Promise of Purchase Contract “PPC”, at this stage a 10% down payment will be required payable to Seller (common practice in Panama). Funds can be Wire Transfer to our Account after signing if stated on Terms. In New Development down payment can be up to 30%. • Present Promise of Payment Letter “PP
