What is normally accepted as a down payment for purchasing property in Panama?
Generally, sellers will accept 10% as a down payment upon signing the promise to buy/sell contract. The down payment is shown as “good faith” on behalf of the buyer, so that the seller knows that the buyer is serious. However, the down payment really depends on the particular transaction and the negotiation that takes place. In some cases, sellers will demand as much as 50%, and in other cases, sellers will ask for as little as 5% or less.
