Panama Real Estate

10-Step Guide to Buying a Home in Panama

10-Step Guide to Buying a Home in Panama | Your Website Name

Step 1: Research the Market

Explore regions, property types, and prices.

Step 2: Set Your Budget

Include taxes, fees, and financing options.

Step 3: Hire a Local Agent

Find a trusted, bilingual real estate agent.

Step 4: Consider Residency

Optional but beneficial for financing and long-term stays.

Step 5: Tour Properties

Visit shortlisted homes and inspect thoroughly.

Step 6: Make an Offer

Negotiate price and terms with the seller.

Step 7: Verify Legal Status

Check the title, liens, and zoning with a local attorney.

Step 8: Sign Purchase Agreement

Pay a deposit (typically 10%) to secure the property.

Step 9: Close the Deal

Transfer the title, pay remaining balance, and cover closing costs.

Step 10: Move In & Enjoy!

Set up utilities, explore your new community, and relax!