We highly recommend that a lawyer assist you with your real estate transaction in Panama. Once you have chosen your property, they will take care of all the necessary paperwork, including a title search at the National Property Registry or a search for legal documents at the regional registration office for properties under a Right of Property (ROP) registration. They will also ensure that taxes are in order and guide you through all the steps involved in buying/closing. Most realtors have one or more lawyers they work closely with and can refer you to them, making the process much easier for you.
Choosing the right professional is crucial in any field, and real estate is no exception. A lawyer's expertise can make a significant difference in the outcome of your transaction. Therefore, going with a realtor or friend recommendation, who can vouch for the lawyer's competence, is always a great place to start.
All real estate transactions require a licensed lawyer and the service of a Public Notary to seal any Real Estate Transactions. Our office lawyer, who holds an additional degree in real estate transactions, will make your transaction smooth and easy. This specialized knowledge ensures that your transaction is handled with the utmost care and expertise.
The real estate attorney of your choice should have a state-approved escrow account. This is crucial as it ensures the safety of the money transferred and held in escrow if the money transfer will be used to purchase a property. It provides an additional layer of security for your transaction.