Panama Property Sellers
Selling Real Estate in Panama
You’ve decided to sell your property in Panama and are now considering whom you should list with. Perhaps if you’re not from Panama you are onto the fact that selling real estate in Panama is quite different from the US and other northern hemisphere countries.
Unlike the orderly Multiple Listing Service (MLS) available in the United States and some other countries, Panama lacks any central system that lists all properties available in the country. There are several online services that call themselves MLS, but under their veil they are simply online advertising outlets for sellers.
The seemingly good thing about not having an MLS is that you have several companies with whom you can list your property simultaneously. The down side to having no MLS is that because you have several companies who list your property, each has very little incentive to truly promote your property.
This means most listing agents are doing little to genuinely market your property, save listing it on their website and leaving it up to luck for some earnest buyer to fish you out from the vast ocean of properties available in Panama. Even if they are looking for you, can they really find you?
Unfortunately for sellers here in Panama, few brokers are concerned with your needs. Instead, they operate with a “me-first” mindset and tend to be focused on personal, single transaction-based gain. What’s more, it’s likely they will ask you to do the legwork for them – preparing the right paperwork, writing your own ad, and even providing them with the photos needed to market your property.
We've heard countless stories from clients who have listed with other agencies, big and small, and say they rarely see anyone from the agencies visit their properties.
Big doesn’t always mean better. We are smaller than some of the big names in Panama, but because of our size, we deliver personalized, professional service. But we are also part of the one of the largest real estate franchise networks in the world, so we can offer much greater world wide exposure to your property then a local one or two office operation.
You need a seller who is grounded in representing your interests and honestly guiding you through the entire selling process.
The ERA Panama Difference
Founded on the core values of trust, integrity, professionalism, and on building long-term relationships rather than managing individual transactions, ERA Panama partners with you to make the process of selling your real estate investment efficient and exciting.
ERA Panama believes in a team-oriented, relationship-focused approach. Our goal is to listen to you, understand your needs and use all of our resources to match your property with the right buyer.
For you, the seller, this translates into a professional real estate team who’s focused on our customers with unmatched attention to your individual needs.
We offer sellers several options for listing our properties:
Secure and risk free transactions
Once we’ve selected a property, we will help you with all the legal and managerial paperwork involved in selling your property in Panama, including the provision of title and government licensed third party escrow services provided by Latinamerica Title Company (LATCO). LATCO is the exclusive representative of Chicago Title in Panama and offers customers the most comprehensive and accurate title and escrow related services in the region, enhancing real estate transactions with a group of services that minimize the risk of buying and selling real estate in Panama. Its underwriter Chicago Title is the largest title insurance and escrow company in the world and issues approximately one in every four title guaranty policies in the United States.
See http://www.latco.com.pa for more information on LATCO and why our decision to use them exclusively for all our transactions sets us apart from our competition.
Our sister company and law firm, Sovereign Law Center, handles all other aspects of the selling process in-house, so you can rest assured knowing you are in good hands.
We are serious about nurturing our relationships with our real estate clients. We want you to feel the difference ERA Panama can make in your real estate investment experience.
ERA ® Commitment to Service is our promise to sellers, in writing, to make every effort to sell your house. As part of the Commitment to Service ERA Members agree to:
- Prepare a good-faith estimate of your home
- Conduct a preliminary qualification of prospective buyers
- Assist in arranging affordable financing
- Make a comparative study of your home
- Offer application assistance to qualified buyers
- Contact you regularly to report the selling progress of your home
- Review your competitive selling position every 30 days
- Where available, offer a one-year Home Protection Plan for ERA to the buyer of your home
- Provide information on Seller Protection Plan coverage
- Photograph your home for marketing and promotional use
- Submit a photo of your home for Internet listing
- Provide you with a national or international referral service to assist you in finding a home in another community or country while your home is being sold
The Commitment to Service is a complete guarantee that we will make every effort to sell your house. It is a real demonstration of our statement that ERA professionals are "Always There For You.™". Contact one of our ERA offices today and learn more about our Commitment to Service and many other reasons for listing your home with ERA. |
