FIRST (Finding a Property): Contact us to let us know what type of Panama property you are looking for. Our service staff will help you to narrow your search in finding quality Panama real estate. Otherwise, search our listings on our website, and let us know which listings you would like to see so we can schedule an appointment. If you have any questions about any particular listing, please feel free to contact us.

SECOND (Negotiation): Once you find a property that you wish to purchase, we will assist you to negotiate the price and terms. Once we have negotiated and agreed to the terms (purchase price, payment form, Broker's commission if any, Legal Services Fees, etc.), then all of these details are inserted by the broker on a property transaction form.

THIRD (Promise to Buy / Sell Contract): The information from the property transaction form is provided by the broker to the attorney, who drafts the Promise to Buy/Sell Contract, which is signed by both parties. Generally, a down payment of approximately 10% (depending on the agreed terms) is made to the escrow company, which is paid to the seller at the time of signature of this contract.

FOURTH (Title Search): The attorneys will do a complete title search on the property title to ensure that there are no liens or encumbrances that could potentially delay or prohibit the transfer of title.

FIFTH (Balance and Wire Instructions): The escrow company will confirm that the title search has been completed successfully, and they will then send you an updated Balance, including all details of the complete breakdown of payments for your transaction. At this time, you will be provided with the wire and check deposit instructions to send the balance of the funds to be disbursed to each party (seller, broker, attorneys, etc.) at the closing date.

SIXTH (Closing and Payments): Once the Client authorizes the escrow company, in coordination with the attorney handling the final buy / sell contract for the transaction, the escrow company will arrange for the Closing (payment to the Seller and signature on the Contract). The escrow company at this time will also make the final payments & disbursements to all the parties involved (Law Firm, Broker's commission if any, etc.) to complete the transaction as agreed in the buy / sell contract.

SEVENTH (Invoice): The escrow company will provide the Client a detailed Invoice of the Services provided, and a complete breakdown of the Fees.

EIGHTH (Payment Receipts): The escrow company will provide the Client all the payment receipts & transaction documentation.

Rent Procedures

FIRST (Finding a Property): Contact us to let us know what type of Panama property you are looking for. Our service staff will help you to narrow your search in finding quality Panama real estate. Otherwise, search our listings on our website, and let us know which listings you would like to see so we can schedule an appointment. If you have any questions about any particular listing, please feel free to contact us.

SECOND (Negotiation): Once you find a property that you wish to rent, we will assist you to negotiate the price and terms. Once we have negotiated and agreed to the terms (rental price, lease terms, payment form, Broker's commission, etc.), then all of these details are inserted by the broker on a property transaction form.

THIRD (Rental Contract): The information from the property transaction form is provided by the broker to the attorney, who drafts the Rental Contract, which is signed by both parties. A deposit, equal to the first months rent, is provided to the Broker, for payment to the MIVI (Ministerio de Vivienda / Ministry of Housing). The first months rent (or in some cases two months rent, depending on the agreed terms) is paid to the land lord.

FOURTH (Rental Contract Registration): The rental contract is registered at the MIVI (Ministerio de Vivienda / Ministry of Housing), where the first months rent is deposited.

FIFTH (Utilities): The broker is responsible for assisting you in connecting your utilities (water, electricity, phone, internet, etc.) if the utilities are not included as part of the monthly rental quota, in the rental contract.

SIXTH (Move In): You can move into the property on the date specified on the rental contract. At this time, the broker will provide you with a checklist of items in the rental property and you should inspect each of these items to ensure that they each meet the standards as per the rental contract, and this same checklist serves as an “inventory” of the items in the rental property. This checklist is signed by each party and a copy is provided to each party involved.