WHAT SHOULD WE TAKE INTO ACCOUNT WHEN MAKING A RESIDENTIAL SALE-PURCHASE IN PANAMA?
Among the ways to manage a search for capital in order to purchase a property, this is perhaps the traditionally safe way. In this investment model, the main point of importance to ensure success is to have a detailed knowledge of the residential options for sale that suit both our interests and capabilities, all before the expiration of the designated waiting time for eviction.
It is for this reason that it is usually recommended to have the advice of a real estate professional to carry out a detailed search of the options. To this we add that it is necessary to know the details of the legal status of our property, specifically those related to bank mortgages or debts.
However, in case all the bureaucratic details necessary to carry out this process are solved, selling to buy can become a safe way to opt for a better living space. To ensure that this investment model suits you, you should be aware of the following:
If your property is mortgaged, it will be more difficult to obtain a successful transaction for your interests.
It is recommended to redecorate the spaces for future sale. Studies show that decorated properties are worth up to 60% more on the market.
If you sell first, you can start looking for a new home with a specific budget and it is possible to agree on lower prices for cash on hand.
You must be in a solid financial state and without dangerous debts that do not allow you to buy the future property immediately.
It is advisable that you always have a Plan B in case of a quick purchase, having a viable option to stay or a place where you can temporarily store your belongings.
