Are you an investor or an end user? Maybe you are a mix of both. Do you want to buy a house and live in it or you are looking to buy and rent it? There are many reasons to buy a property in Panama. Before you do, here are some the things you should think about.
There are many different neighborhoods in Panama City, each has its own pros and cons. For example, neighborhoods similar to Marbella are located in the center but have older buildings Some may like it, some won’t.
However, areas like Balboa Avenue and Punta Pacifica feature many buildings that were constructed in the last decade or so. Of course these neighborhoods will cost more, but offer a lot of perks such as rooftop pools, private terraces, and even tennis courts. Living close to work or school is also something you need to consider when making this decision. So it’s up to you to decide what’s more important to you.
Find a really good broker
After you have made your decision, you will need to find a good broker. You’ll need to provide the broker some information about why and where you want to buy and about your budget. The experts of MLS ACOBIR will help and guide you through the process.
It’s time to view the properties
Now the fun part begins. Take advantage of your broker’s experience and ask him to set up the appointments. This will save you time. You can also look online yourself, but what you see online isn’t always what’s actually on the market, and that’s where your broker will come in handy. A good broker will also know the questions to ask to make sure the price of the property is accurate.
Get a good lawyer
A good lawyer is a must, even if you don’t use a broker. A lawyer will help you minimize the risks and hassles of a real estate transaction. You need a lawyer who will communicate with frequently and answer all your questions and emails. Most importantly, make sure that your lawyer has experience in real estate transactions.
Buying a property here can be a complicated process. However, with great investment opportunities and wonderful homes on the market, this complicated process is definitely worth it.
MLS Acobir, is the most preferred property list in Panama. Please contact us for all of your Panama Relocation and real estate needs.