Panama has gorgeous beaches which borders the Caribbean Sea
and the Pacific Ocean. It has lush rainforests, majestic mountains,
a pristine view as well as a great city to boot. Add to the
list a great climate 365 days a year, plus a low cost of living
and a great and warm people, it is indeed great to travel
to Panama and retire to Panama.
With the high costs of living in the US, Canada and Europe,
this Central American country is one of the best options that
one can have. Panama also has a stable economy and political
situation and its overall status is business and investor-friendly.
The real estate industry is also in great shape. If you want
to invest in a real estate property
in Panama or if you want to turn this into your retirement
haven, it is best to consult a professional
real estate agent who knows about the in's and out's of
the Panama real estate industry.
Here are some of the Panama real estate transactions that
your agent can help you with:
1. Purchasing or leasing a property
One of the things that US citizens should not do is to invest
in property in a foreign land without the proper know-how
and getting legal advice. Although the laws in Panama protect
the interests of the buyer, it is better to have a professional
deal with this part of the Panama real estate transactions.
Thus, you can have a better chance of having an ironed-out
deal and you do not have to worry about being entangled in
a legal mess that you can certainly do without.
Even when you lease a property for a certain period of time,
there are agreements that you need to study so that you would
know what you are getting into.
Learn more about Panama by entrusting this part of the Panama
real estate transactions to a licensed real estate broker
2. Business and company-forming
Another type of Panama real estate transaction that you can
get is when you plan to build a company in Panama. You need
to have the title of the commercial real estate property under
the name of your business.
You would need to get the help of a lawyer for this, as part
of the Panama real estate transactions.
3. Legal advice
The most important type of Panama real estate transactions
is getting legal advice. There are intricacies to the Panamanian
law that you would not normally know about, so it is in your
best interest to seek professional help as part of the Panama
real estate transactions.
Establishing a bank account, getting
permits and drafting agreements are part of the Panama real
estate transactions, whether you are leasing or purchasing
a property, or starting out a business.
By getting the help of a licensed real estate broker or a
lawyer, you can have an easier time out of undergoing the
necessary Panama real estate transactions. Thus, you can see
to it that your real estate transactions are legal and in
accordance with the Panama law.
We have arranged special discounted pricing for legal services
in Panama, as well as real estate services that you can trust.
Contact us for more information.