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When buying a property it is important to be clear about what you want or expect from it; In this we can include location, physical space, and most importantly the budget you have.

To acquire a property, it is important that you first think about where you would like it to be located, the advantages of the area of ​​your preference and be clear about whether you can buy on the site that you like with the budget that you have, first be clear about your budget and then look for the property, so you will not waste time.

Seeking your independence and starting to build your own project is brave. It is exciting to live with greater freedom and flexibility, and before doing so and to achieve this we give you some tips:

* Establish how much you can Pay for a Property: Set an amount that you can pay according to your possibilities, it is recommended that you do not pay more than 30% of your salary. It is important to make a list of monthly expenses that include all services (electricity, gas, telephone, etc.), food and clothing, among other contingencies. In order to stipulate the expenses.

* Specify the location where you want to live: This you can do according to what you are willing to pay, you can also take into account the places you like, your work area or friends' home. Knowing the benefits of the property we choose and its location helps us reduce expenses and time since we have everything at hand.

* Seek the support of a Real Estate Broker: This can give you some options quickly and safely based on your needs and budget. Help you to shorten the location time of a property and inform you on the transaction for it. In these moments where we must be protected, seek advice with expert companies and agents that also include remote care among  look for expert companies and agents that also include remote care among their services.

* It has a number of viewed Properties from which you can Choose: This will give you the advantage of being able to choose among the best options, although we recommend a small choice of properties, between 3 and 4 options would be fine.

* Take your time to make the best decision: Do not take hasty decisions that you may regret later, take your time to decide on the right property, the important thing is that you feel comfortable with the price and with your new home.

* Knowing all the Details contained in the Purchase-Sale Contract: Apart from knowing very well all the clauses, it is important that you also be clear about the processes of purchasing and the due responsibilities of the parties involved.

You need to find the right  property for you. It is not easy to find one that complete all your demands but you must be attentive to all the details, ask questions if necessary of all the doubts that arise.

A good advice, is that you do not sign anything before reading the contract and have all the clear points before making a decision, review everything calmly. After these tips, do you want to buy a property? Just contact me: Andymarciagarealestate!

Buying and selling real estate in Panama is a process that, while not difficult, requires experience and expertise to successfully consolidate it.

For this reason, there are multiple contents on digital platforms, which detail recommendations and tips to facilitate this path for owners, who due to their lack of expertise may make mistakes in consolidating the sale.

The problem with these guides is that they only reduce to superfluous details that do not realistically explain the operation of Panamanian processes. Because of this, we have prepared this article, which will realistically explain recommendations for successfully consolidating everything.

1. DECIDE IF YOU WANT TO SELL BY YOURSELF OR THROUGH A REAL ESTATE ADVISOR OR AGENCY:

Although it is true that many owners think that it is cheaper and easier to carry out the sale process on their own, this can be a risky move considering that there is a high probability of being scammed due to their inexperience; so if this option is chosen, avoid signing any document or consolidating contracts without consulting the notary.

On the other hand, opting for the advice of a real estate agent or agency may be a much more suitable option for owners who do not have knowledge of the market, however, care should be taken with the advisor or agency that is selected, taking into consideration factors such as the time you have in the market, if you identify them as an affiliate of a recognized real estate system or association and can provide enough data to demonstrate your ability to act in the current market.

2. GIVES A LOT OF IMPORTANCE TO THE NOTARY:

The public Notary is a fundamental figure in the process of buying and selling properties anywhere in the world. In Panama this plays the role of manager of the procedures for saling, being the figure that gives legal gurantee to both the seller and the buyer. Its main functions include:

a) Review the validity of the papers provided by the seller, and based on these, determine the legal capacity of the seller to dispose of the property.

b) Receive from the Public Registry of Property the respective evidences in which it is proved that the property is free of problems.

c) Calculate, collect and pay the local and federal taxes related to the sale.

d) Charges the rights of appraisals, agencies and other expenses that occur in the generation of a deed.

3. ESTABLISH A CORRECT PRICE FOR YOUR PROPERTY:

Another of the main points of a successful sale is the correct valuation of a property against the contextual characteristics and the competitive prices of the market in which it is managed; To achieve this, there are two ways to do it:

a) Through hiring of an expert in property appraisel. This establishes a price based on the value per square meter of land and other points such as the type of construction, its age and the improvements that have been made to the property.

b) Delimiting a comparative price, analyzing the sale prices that have been obtained recently, at least during the last six months of properties with similar characteristics.

4. ASSESS THE PHYSICAL STATE OF THE PROPERTY:

Although this may be one of the most common recommendations for any seller, it never hurts to remember the importance of maintaining the physical condition of the property in the purchase-sale process Some recommendations at this point are:

Clean the property before promote it up for sale.

Remove debris or trash that is near the property.

Fix the problems that the property  presents, such as cracks, leaks, damage to the pipes and paint the areas that warrant it.

5. ADVERTISE THE PROPERTY FOR SALE:

When it is listing by a property sales advisor service, real estate agents are often in charge of advertising the property to potential buyers; However, if this is not the case, some practical ways to advertise a property are:

a) Place signs on your property visible from the street.

b) Pay for ads in magazines and newspapers.

c) Create a profile on portals that promote the sale of the property, these give you the opportunity to add photos, videos for a better promotion.

Finally, it is recommended in these cases to opt for a support service in the sales process; In this way, the manifestation of problems can be safely avoided, which beyond being annoying, can seriously endanger the seller's profits.

Do you have any doubt? Don't hesitate to contact me @AndyMarciagaReal

Graduated from the National University of Panama, with a Bachelor's Degree in Business Administration with an emphasis in Marketing. Real Estate Agent licensed PN 3215 and with more than 10 years of experience in the Panamanian market. In the year 2000 I started as a sales executive in a residential project of preferential interest, in La Chorrera, west sector of Panama City, where I began to develop my skills as a salesperson; then I was transferred to the City to promote the first apartment building in the most exclusive residential development in Panama City, known as Costa del Este, where I had the opportunity to do many business and meet professionals and entrepreneurs. I worked in several real estate companies and recognized promoters such as Villa Selecta, Tribaldos Real Estate, Decameron Hotels (as Sales Manager of the Costa Blanca Golf and Villas Project by Decamerón), Tucán Country Club Project (as Sales Manager), Pacific Hills Real Estate, Metropolitan Living, Servmor Realty, DD Group, Ultra Realty, Progreso Realty and currently again in Servmor Realty.
My purpose: TO HELP the people, companies, developers and investors in the search of residential and commercial properties that request my services, relying on the qualities and experiences that I have acquired throughout all my years in the Real Estate sector. All this in order to exceed the expectations of those who need my services and experience, motivated by the quality and commitment of service that I offer and the constant preparation as a professional in the Real Estate market, captivating well, friendly relations and business with everyone.
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