What is the normal down payment when purchasing property in Panama?
Usually, sellers will accept 10% as a down payment upon signing the promise to buy/sell contract. The down payment indicates “good faith” on behalf of the buyer, ensuring the seller that the buyer is serious. The down payment amount, though, depends on the particular transaction and the negotiations that occur. In some cases, sellers will demand as much as 50%, and in other cases, sellers will ask for as little as 5% or less.
