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What are the legal fees to purchase a Property in Panama?

Writer: Caribbean Properties for SaleCaribbean Properties for Sale

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Legal fees for buying a property in Panama vary depending on the type of property and the attorney firm you choose.


Legal fees for property purchase/sale are typically 3 to 10% of the property's sale price. They are usually divided equally (50%) between the buyer and seller unless otherwise specified in the "Promise to Purchase/Sale Agreement." The seller covers the real estate agent's commission fees.


Usually, it takes one week to register a property title transfer in the Public Registry of Panama, but with an extra fee, it can be done in two days. A right of Possession transfer can be completed on the same day at the regional office.

 In Bocas del Toro region, legal fees are very reasonable.



Note: Please consult your attorney for the latest legal updates or any changes to the information provided in this article.


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ABOUT US

Caribbean Properties for Sale is a real estate agency in Bocas del Toro, Panama. Our journey in the real estate industry began in 2004 in the Southern Pacific  of Costa Rica. By 2010, we expanded our expertise to Bocas del Toro. With more than 20 years of successful operation in Central America, we have observed significant transformations in the real estate market. Our wealth of experience allows us to offer exceptional services to both buyers and sellers.

WHY US

✔︎ Knowledgeable Team & Legal  experts in Real Estate transactions

 

✔︎ Optimized digital marketing to boost platform traffic for buyers and sellers

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✔︎ Drone Footage & Virtual Tours for optimal property showcase.

✔︎ Multilingual Agents enable us to assist diverse buyers and sellers efficiently.

CONTACT US

Caribbean Properties for Sale in Bocas del Toro, Panama

⛳︎ Cabana, Road to Bocas - Drago,

Bocas del Toro, Panama

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We speak English, French, and Spanish.

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