Due Diligence In Real Estate Transactions In Panama

We frequently serve clients in matters related to the acquisition or sale of real estate in the entire territory of the Republic of Panama or for procedures ranging from value updates to the registration of properties under the new regime of Family Tax Patrimony.

Unfortunately, also in the analysis of the cases that are presented to us, we find those where there are errors in the records, or they have the values or other outdated data. These errors or omissions can cause delays of many months that cause damages when it comes to a purchase or a sale, it can even cause a loss in the sale if its property that has been paying real estate tax based on the wrong value.

As advisors in a real estate transaction, we must follow several measures before advising the client to sign a promise to purchase or a final purchase agreement, that is, to enter a due diligence process to ensure that the values, measures and other important details are correct. Here are some important