I want to share with you the process of a cash transaction on buying Real Estate in the country of Panama. The process is very simple, yet can move at a snails pace, so you need to be very patient. Besides the best part of living or moving to Panama is the slower pace, who needs the rat race where we go everywhere so fast then what!!!!! First locate the investment you want, give your earnest money, get a lawyer on your side to help read the Spanish documents that you will be receiving (remember this is Panama). Sign the contract as directed by your lawyer and at that same time you usually need 20% of purchase price at this time also. Once all parties sign a closing date will be set and before you give final amount to seller you must make sure you have 100% clean title as there are many properties in Panama with out title (stay away from these). The above process, although easy can take 3-4 months to conclude so put on your patient hat and relax, it will happen and once is does you can turn your frown upside down.
Till next time
Is Panama The New America
Panama fun facts.
1 - Panama has NO hurricanes
2 - Panama has a thriving Metropolitan city in Panama City
3 - Panama has secure banking institutions
4 - Panama has a climate for everyone, city, beaches, mountains
5 - Panama uses the US Dollar as its currency
6 - Panama is a short flight from many major cities in the USA
7 - Panama has many English speaking folks, Spanish is the main language
8 - Panama welcomes foreigners to live and work.
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