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Good business opportunities are always in the right hands when at the time of closing the deal, you were the one to scout it first. When I go to a different country, not only the language changes, even the culture, the food, and also the websites and classified portals where one is used to look for things and offers. If I want to rent or buy a property in Panama, where should I look? Apart from the websites of various real estate brokers and agents, where do I find local deals? Today I will give you a secret tip on where to find real deals and bargains in Panama. If you want to search for properties where local or foreign owners and most real estate agencies publish their properties you will find them here: www.encuentra24.com. Encuentra24 is the largest and most popular platform in Panama. Besides their large real estate section, you can also find vehicles and even job offers. However, you will have to take some time to search through a lot of information, compare different offers (and sometimes even prices) in order to find your personal bargain. If you search on Encuentra24 you will have everything in one place, owners and real estate brokers, all together. Remember that, if you decide to buy or rent through a real estate broker in Panama, it is the owner of the property who pays the commission of the real estate broker used for the transaction... not the tenant nor the buyer (that would be you). But what other options are there? Where can I find the real secret offers? Many clients do not know that there is a real estate market in Panama managed by the mayor banks. If you look at the banks directly, you will have more options without intermediaries. But if a bank is auctioning for example a property, it will not exactly choose Encuentra24 to publish the auctions. It is for this reason that Banco General (one of the largest and most popular banks in Panama) has just launched its own "property classifieds" advertising portal where new properties (with financing option by the bank), repossessed properties and commercial properties are being published. For bargain hunters, we have compiled a list of sites worth investigating: 1. Banco General “Clasificados de propiedades” https://www.bgeneral.com/clasificados-bg/ 2. Banco Nacional de Panamá: https://www.banconal.com.pa/remates-judiciales.html 3. Global Bank: https://www.globalbank.com.pa/es/bienes-reposeidos 4. Banco Banesco: https://www.banesco.com.pa/bienes-reposeidos 5. Banco Caja de Ahorros: https://www.cajadeahorros.com.pa/bienes-reposeidos/ 6. Banco BAC Credomatic: https://www2.baccredomatic.com/es-pa/people/bienes-reposeidos 7. Banco CanalBank https://www.canalbank.com/banca-empresarial/canal-inmuebles/ 8. Banco Banistmo: https://www.banistmo.com/wps/portal/banistmo/personas/productos-y-servicios/galeria-inmobiliaria 9. Banco Scotiabank https://pa.scotiabank.com/es/banca-personal/prestamos/propiedades-en-venta.html Now what is a Judicial Foreclosure in Panama? It is when someone could not or failed to pay the loan on their property, the bank took back that property by judicial foreclosure and put it up for sale to recover the money borrowed. A bank is not a real estate company, so it is not really interested in the property. Banks live off the interests they generate from lending money. Having a property without generating money is a monthly loss. The expenses caused will be very high if the bank keeps that property, so it is better to let go off it as soon as possible, and that is where you come in to buy "good, nice and cheap" as we say in Panama. Good luck with your hunt!

The owners of apartments or real estate that are subject to the Horizontal Property Regime in Panama, have the obligation to pay taxes, related to their individual real estate unit, as well as regarding the land on which the building is built. Here we are going to explain why you must pay taxes for your condominium under the Horizontal Property Regime, even if you have a tax exemption for the apartment. In Panama many years ago, most of the owners of an apartment (which we will now call PH) took into account that if the value of their apartment was less than USD$30,000, they did not have to pay real estate taxes for the land on which the building is built. But as a result of a law created in 2010 that modified the tax code in relation to real estate taxes, it is established that "the first $30,000 of this fee will not apply to the land of the properties subject to the horizontal property regime". In other words, the land where the building was constructed is taxable since it becomes common land, that is to say, the co-owner's land. The law does not say how to pay the taxes, and generally people forget to pay them and accumulate a debt with the tax office over the years. The Panamanian tax office distributes this tax among all the co-owners of the building and assigns the payment to each one of them in their individual account (according to the respective property number). In my professional opinion, and I agree with other professionals on this, as the land is a common good, that is to say it belongs to all the owners where the building is built, the tax should be paid in full and each owner should deliver his share with the monthly administration fee. But in practice this is not the case. The tax is not included in the common maintenance fees, which is why it is often forgotten. Nevertheless, each individual owner is responsible for paying his taxes and keeping up with his fiscal obligations. Now why is this happening? When a property is incorporated into the PH regime, two properties (fincas) are automatically created. The first property is the PH (the common property) with a different number and which is registered in the PH section of the Public Registry. This property has an initial value that is set by the developer that built the project. The other properties that are created, are all the apartments, one of them or several can be yours. This is called private property. The exempted improvements only correspond to each of the properties of the PH, i.e. the apartments, but this does not include the common property, i.e. the building constructed on that land. By law you will not be able to exonerate the real estate tax of that land. Therefore, if the value of the land is 1 million dollars, the tax to be paid is calculate based on this value at the rate of 1%. And this 1% is distributed among all the real estate units, i.e. all the apartments in the building. The 1% is paid in three installments per year: at the end of April, August and December. However, it is possible to pay in advance. When the exemption period of your apartment expires, you will pay for the value of the apartment plus the amount of the participation coefficient, that is to say, the 1% we have already mentioned. What if I have a "normal" property? How much do I pay? As of 2019, properties declared as family patrimony - principal residence (through a special procedure at the tax office, because nothing is automatic in Panama) must pay a real estate tax according to the value declared in the Public Registry, i.e.: Between USD$0 and USD$120,000 = exonerated. Between USD$120,001 and USD$700,000 = 0.5% of the value. Over USD$700,000 = 0.7% of the value. My property has not been declared a family patrimony, how much should I pay? From USD$0 to USD$30,000 = exonerated. From USD $30,001 to USD $250,000 = 0.6% of the value. From USD $250,001 and USD $500,000 = 0.8% of the value. Over USD $500,000 = 1.0% of the value. Banks became property tax withholding agents. The amendments to the Tax Code now obligates banks in Panama to help the tax office by withholding the respective tax for each apartment or property in general that has been acquired through a mortgage financing. With the exception of new homes which have an exception for up to three years, with the condition that you have never purchased a property before and that it is your first home. Property Exemptions in Panama: Why? The developers, or construction companies according to the tax office are recognized a type of exoneration to the constructions of those projects which construction permit was in force prior to 2018. After this date the developers must pay the respective tax from the legal birth of the PH property. The exonerations in Panama are created with the purpose of promoting the economic development of the country encouraging people, nationals or foreigners who want to do business in Panama and develop the country, and in return the Panamanian government grants them tax incentives. Therefore, farms dedicated to agricultural activities which cadastral value does not USD$350,000.00 are exonerated from taxes every 5 years while maintaining their activity.

Rights of Possession (ROP) or “Derechos Posesorios” may seem a simple way of investment...but they are not. In fact, they are more complicated if you really want to prevent a legal problem in the near future. In order to explain the difference between a property that has ROP and a property that is titled, we must first know how the Panamanian government legally creates a property. In simple words, the land from the beginning belongs to the government of Panama. Then the government "assigns" those rights so that there is supply and demand and the land increases in value as it passes from hand to hand (buying and selling) that is where the government starts to make money from taxes. As the government of Panama is not a real estate company, nor is it dedicated to real estate activities, they have to guarantee that the land that belongs to the government are for public use and benefit, of course protected by the law. Faites votre jeux - Get your game on. Once I know that I want a property "without title" the first thing I must do is to have the right to "occupy" it, that is why they are called “rights of possession", because I must possess it as my own. If a person "occupies" a property but it belongs to another person, and this person does not care, because it is a "possessory" right, he can lose this right in a period of one (1) year. Obviously, in Panama, nothing is automatic. This person who is the new unregistered owner, and just arrived and occupied the property, can approach the government and ask to be given that ROP. If there is someone who opposes, then they don't give it to him. If nobody objects, then it is theirs. The same happens if you want to title the property, that is to say, a public deed is drawn up, registered and it is known to all, that this property belongs to you. To do so, you will have to prove that you are the owner. If you are thinking of buying ROP, keep in mind the following (as a frame of reference, remember that every case is different). You need to ask for the plan with the geographic coordinates, to define exactly where the property is located. Also, your seller has to prove that he is the "de facto" owner, that is to say, by means of a certification from the police authority stating that the seller has been living there for five (5) years, you can also ask for affidavits from the neighbors as witnesses. In addition, receipts for electricity, water and telephone expenses must be presented, as well as all other suitable documentation that may prove that this person exercises the spirit of owner over this property. This happens because, although a property has ROP, according to the law in Panama, you can lose your right when another person takes the property for himself in a "peaceful" way. Or in short, another person lives on the property for more than one (1) year and you allowed him to do so without expelling him. The stakes are set, or not? The law in Panama establishes that the person who has the ROP has to occupy the property, has to fence the property, has to work it, has to build on it, has to preserve nature, watch over it and protect it so that other people do not take it. There is a technical legal word for this situation and it is called "Acquisitive prescription of dominion”. That is to say, if I have a ROP and I did not exercise my right, and I allowed another person to do so, according to the law in Panama, I can lose my ROP in one (1) year, and that gives the right to another person to prove in the courts of justice in Panama that he is the legitimate owner. Another important issue to know is that the ROP can be registered by a natural or corporate body. When the land titling process is finished, the natural person will pay a symbolic price to the public office of the government, but when it is a corporate body it can be very expensive compared to what a natural person would pay. You should also keep in mind that not all properties that have ROP can be titled, i.e. it must not be a protected area, comarca territory, private estate, administrative concession area, land assigned in use and administration, among others, as well as it must not have a conflict, or judicial/administrative litigation. If you wish to title an island or insular territory, you must prove the occupation for more than five (5) years and the physical dominion with owner's intention, in a pacific and interrupted way, through suitable means, that is to say, certifications of the Mayor's Office (this documents by itself is not enough as a proof), affidavits of witnesses of the community or of the neighbors, photos of the land and of the constructions made on the property, plans with GPS position and detailed location, with its boundaries, measurements and neighbors, public services contracts, construction permits, among others. Rien ne va plus - The die is cast. In summary, buying a ROP can be cheaper compared to a property that has registered title. However, as lawyers we do not gamble, and due to our professional experience we strongly recommend buying titled properties in order to guarantee your investment in the future.

The process of buying real estate overseas can be complicated, time-consuming, and stressful. But it should not be like this. Read our guide below on the biggest mistakes buyers make and how you can avoid them: Mistake #1: Location is Everything Almost everything can be fixed, but the location, the location, the location cannot be fixed. Buy location, NOT price. When investing in real estate overseas remember to do your due diligence and pay attention to the small details that can turn your dream home into the home of your worst nightmare. Before buying try to get information from different local sources in order to be sure that the location you chose is really the right one for you. Besides common factors such as traffic connection, security, neighborhood, distance to the nearest hospital, and infrastructures such as supermarkets, shops, and restaurants, it is important to verify the connection to basic public services. That is water, telephone, internet, electricity, and garbage collection. Which are the available providers and how reliable are their services? Are there any (regular) interruptions or connectivity problems with one of the basic services in the sector? Does the availability of one of these services vary according to the season (rainy season/dry season)? Speaking of seasons, although Panama is a tropical country without seasons, there are sub-climates in different areas of the country. Depending on the location and time of the year there are regions that are more humid than others, in certain areas, there is a constant strong wind during the dry season, others where heavy rain falls during certain months of the year, while there are zones suffer from drought during the dry season. Mistake #2: Not thinking about selling the house someday Buyers often forget that they will most likely sell their home at some point. Personal circumstances can change, and eventually, you have to sell. The purchase of a home should be structured well from the beginning to avoid headaches and bad surprises in the future: What will be the taxes to pay when you sell your home? Which legal figure is the most convenient to acquire a property? If something happens to me, what is the quickest and least expensive way to transfer the house to my heirs? Mistake #3: Falling blindly in love with a house Just as in love relationships there are properties that are "problematic". Some details are cosmetic and can be solved in one way or another, but there are real estate options that can be called an "uncontrollable risk". Whether it's a lawsuit, a conflict of interest, or some kind of encumbrance. Unless you like to play Russian roulette, don't get distracted by the "flashy" details of a house. Mistake #4: Trying to buy without a lawyer Last but not least, one of the biggest mistakes we can observe in our legal practice is when buyers try to buy without an attorney. There are too many factors that cannot be calculated and making a mistake is somehow inevitable. Lack of experience combined with the desire to save “some pennies" can have serious consequences. The Laws and the legal basis in Panama are not the same as in other countries. You should not sign contracts or legal documents that were not reviewed by a trustworthy lawyer. If you have doubts about a transaction, seek advice from an experienced lawyer who will not only protect your interests during the purchase transaction, but also your wallet by avoiding problems in the future.

9 cameras and DVR; 2 cameras still unopened. Misc connectors. These cameras were in use and functioning perfectly. I upgraded for more flexibility and higher resolution. $100 for all James Fuller Jhf1420@gmail.com

Two 7 1/2 foot tall Christmas Trees. One used tree $45.00 and one new tree still in the original box for $95.00. Contact bobcbowling@yahoo.com or call 6635-6982.

Fully furnished, turnkey home for $579,000. This is a beautifully maintained and quality built home and is 4100 sq. ft. (380 sq. mt), sitting on a 1600 sq. mt (0.4 acre) corner lot. 3 bedrooms/3 bathrooms plus large office which could easily become a 4th bedroom. The 3rd bedroom/bathroom are completely separate and would be ideal for a live-in maid. Many special features, including a high quality water purifying system, with 600 gallon reserve water tank. Come and listen to the birds, only a short 5 minute drive from downtown Boquete. For many more pictures and details, please go to boquetesweetretreat.com For appointment to view, please email pandmpilson@gmail.com or whatsapp 6535-6509 Must see to appreciate.

House for sale at $149,900. Situated on three quarters of an acre near Dolega, Chiriqui, Panama it has a huge kitchen/dining room, large living room, two bedrooms plus office, and two bathrooms. It has a 900 sq. ft. covered terrace facing our yard which has a creek and many fruit trees, coconut palms, and flowering bushes. There is an attached garage and extra water tank. Refrigerator and hot water on demand new. New modern windows. We are included in the property tax exemption, making our taxes $100.62 per year. We are on a bus route and close to both David and Boquete. Property is conducive to multi housing or businesses. Contact panagrannie17@gmail.com with questions or viewing requests.

Bought in Miami airport on Dec 11, good for 1 month. Paid 70.00 will sell for 35.00 If you are traveling to the US this card is for sale at half price. I used it from the 11 through the 15. If you are travelling to the US you will need to have it to call home and all over the US I believe Canada too. Also waze will get you where you need to go. carolyn 67601488 whatsap

Home furniture & appliances for sale Please contact ANA at 6262-7627 / 6279-2752 or marmontt@icloud.com We are moving so everything must go! Please see list and prices in the attached picture. All items are negotiable.

2008 Subaru Imprenze For Sale Automatic - great vehicle for Boquete Hatchback - lots of room The photo is from the internet and not exactly as it looks - but close enough to give you an idea $7000 Excellent Condition - in 2018, the engine was completely rebuilt at the cost of $2000 Milage - 90,000 K's Please contact me: Marni Craig (marnicraig@gmail.com) OR Cowboy Dave (Dave McDonald) for viewing at 6571-8627

GFG Panaderia y Cocina Come down and check us out in Alto Boquete, beside the Chopsticks restaurant in the big green building south of the new Texaco gas station. We are a dedicated gluten free bakery and kitchen. We have daily breakfast and lunch specials that you can enjoy seated inside or on the covered patio outside. We always have at least one vegetarian/vegan offering that is not just a salad! Our prices are reasonable at $5 to $8 for items, with the portions being large and all the food being made on site. We also offer frozen soups and meals for you to take home. Coffee is always on and there is always a little something for you to try. Hope to see you soon! Colleen, Rose Marie and Veronica

Samsung 18k btu split ac unit. We have used this in a bedroom for a couple of years. Works great. Clean. We got a bigger one for the whole house so no longer need this one. Has heat and dry setting. Great for this humidity! $400 6686-6144 phone or whatsapp

Selling Large Wood Framed Wall MirrorMeasurement: 1 meter by 1 meter Price: 125 USD Contact: claudia@bestplace.bizPric

Selling a beautiful large Fountain with pump system (never used) Price: 450 USD Measurement: H 1,50 meter L 1,31 meter W 0,60 meter Basin depth 36cm Email: claudia@bestplace.biz

This cart tips to make unloading of material much easier. Price is $125 firm. Contact Rhody at 6678-9759

Asking price has been reduced to $950,000 or less depending upon equipment transferred. We love the peace and serenity of our farm but it is time for us to pass the baton on to someone a bit younger. Thanks for looking. Ron and Kim Miller http://www.yourpanama.com/organic-panama-farm.html

if you are moving or know someone who is letting go of one of these in the 6 or 8 quart size, we have been looking for one. Howard 6808-206one whatsapp or call that number.

See photos of most at https://www.flickr.com/photos/panama_expat/albums/72157683525284715 I've also given Amazon links when applicable. I am in Volcan. Pilates Power Gym - $209 Reference https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias%3Daps&field-keywords=pilates+power+gym&rh=i%3Aaps%2Ck%3Apilates+power+gym Hand supports for push ups - $7.00 Inflatable exercise ball (inflated) $9.00 - https://www.amazon.com/Exercise-Ball-Stability-Professional-Centimeters/dp/B0187LW088/ref=sr_1_8?s=exercise-and-fitness&ie=UTF8&qid=1494164811&sr=1-8&keywords=exercise+ball R.E.I. Trekker Wonderland external frame backpack – Like new condition. $49. This model no longer made, but see comments here: http://www.trailspace.com/gear/rei/trekker-wonderland/ Electric dryer – Roper (Whirlpool) . Works great. I just needed one with a larger capacity. $125. Scale (like used at the vege markets) - New. $19 Huge Republic of Texas flag, 34" wide X 58" long. $25.00 Hummingbird feeder - $12.00 Ultrasonic cleaner - New $19. iSonic D3800A Digital Ultrasonic Cleaner for jewelry, eyeglasses, watches, w/ sample solution. https://www.amazon.com/gp/product/B00786JPGO/ref=oh_aui_detailpage_o08_s00?ie=UTF8&psc=1 Porter Cable FR350 Framing Nailer - $95 Thousands of nails for the framing nailer - $99 DeWalt DW708 12-inch sliding compound miter saw - $300. (I saw this same saw listed for $599 on Craigslist-Panama) Hydraulic 2-1/2 ton garage jack. $75. Shinn Fu Company of America, model G-489. See next picture also. Has some rust. Porter Cable 25-gallon pressure tank - $49 (to use with air compressor) Steel strapping/banding tool. $40 Mark 4PL - Five Beam Self-Leveling Laser Level. Half price @ $200.00 Like new condition. See http://www.contractor-books.com/CB/David_White/Mark4PL.htm Plumb, Level and Square Instantly up to 100 feet! Huszvarna lawn mower parts - Never out of the box. I will sell for less than the cost and you can avoid shipping. (Copy of the invoice included.) List of the parts and costs: Part #110485X - Ball Bearing - $7.95 Part #173436 - Spindle Pulley - Mandrel pulley - 13.95 Part # 161597 - V-Belt Drive Belt, 1/2" W x 82-3/4" L - 38.85 Part #174360 - Spindle Shaft-Shaft Mandrel - 32.25 Part #174358 - Spindle Housing - Jackshaft housing 48" deck, 21.55 Total for all is $114.55 value. Miscellaneous personal items: Birkenstock Arizona sandals – Size 39. $75.00. New, never out of the box. (I ordered two pair instead of one by mistake. Sandals, Earth Spirit - size 8-1/2 or 9. Good quality but don't look very great in the picture. $10.00 Sandals, size 8-1/2 or 9 – like new - $18.00. (I paid $25 for these and wore them twice. I just prefer my Birkenstocks!) Pair of hand-beaded hat bands. His and hers. (Beaded on deer skin.) $50 each. Miscellaneous: 4 chrome rope hooks for pickup - $5.00 each or $18 for all four. Front bumper cover/bra for some (?) model of Nissan truck? DDS0417101 - $50 Broan ventilation fan - $12 (in box, never used) Terk FM 9300 antenna – $7.00 - The Tower is a high-performance, high-value, AM/FM, powered, indoor antenna that will help you receive more of your favorite hard-to-get stations by greatly improving short and long-range reception. $8.00. https://www.amazon.com/TERK-Amplified-Stereo-Indoor-Antenna/dp/B00008N9M7/ref=cm_cr_arp_d_product_sims?ie=UTF8 VHS to digital converter: $50 - https://www.youtube.com/watch?v=Zwg_29MoVdk&feature=youtu.be and http://www.clearclicksoftware.com/Manuals/Video2Digital.pdf VIDEO2DIGITAL® CONVERTER | CAPTURE VIDEO FROM VCR'S, VHS TAPES, HI8, CAMCORDER, DVD, & GAMING SYSTEMS - NO COMPUTER REQUIRED head rests for X-trail - $10.00 Dottie in Volcan - 6517-8752

https://kodiwizardservices.com This is the BEST Deal for a Custom Kodi Solution remote installation. You can use Kodi for your movie night to stream or download any Movie for TV shows you want. We provide remote install service using TeamViewer for $49.95 using PayPal. Please see below information and link to our website for more detail. KodiWizard Services, We provide The Best FREE Streaming Software Program FREE SUPPORT ONE TIME INSTALL FEE We remotely install KODI on your system. https://www.kodiwizardservices.com/ KODI Custom Solution provides FREE Streaming for Movies TV Shows Live TV Thank you for listening and we forward to installing Kodi for you. The KodiWizward

I have a security system that was in our restaurant that I am selling. It has an alarm panel, motion sensor, glass brake sensor, and a solar powered light and alarm that attaches to the outside of the building. The sensors and alarm are Wifi so you don't need to run wires. The alarm can be configured to call you phone if it goes off. Also, there are 3 cameras and a DVR. The DVR can be connected to a router and accessed on the internet. The cameras can be monitored online real-time or you can view what has been recorded by the DVR. An Uninterruptible Power Supply (UPS) is included so the alarm and cameras work when the electrical power is interrupted. $700 for all. I also have a employee time keeping system. The time clock uses the employee's finger print to log in and log out. $100 6761-7804 or 6785-8335

Lots For Sale La Acequia, Potrerillos Three beautiful building lots in Finca de Los Amigos. All lots are fenced and gated with water and electricity available at property boundary 300 to 500 meters off Via Potrerillos, 4 minutes to Dolega, 15 minutes to David and Boquete. 5 minutes to the international school in El Frances and 8 minutes to the newly opened regional hospital. 1500' elevation with year around breezes and views of Volcan Baru, Mountains of Caldera and the Pacific coast toward Boca Chica. Living in Paradise! Owner is a US licensed Engineer/Builder and is available for the design/build of your new home. Lot #1 - 2647m2 (2/3 acre) $35,000 $13.22/m2 Lot #2 - 3841m2 (.9 acres) $48,000 $12.50/m2 Lot #3 - 5,280 m2 ( 1.3 acres) $79,500 $15/m2 Steven Gibson 6900-0764(English) 6549-6462 (Spanish) Finca de los Amigos sg.thwoods@gmail.com

have a Miler Bobcat Welder/Gen. 50' of ground lead and 100' of hot lead $4,000have a 14' square tubing work bench frame for sale $200.00Have a 100 lb propane tank for sale $125.00Large size freezer cheat for sale $150.00Small tow behind bicycle trailer great for going to the store, or giving our small pet a ride $100.00Uniden VHF handheld floating marine radio and handsfree mic over $350.00 used on amazon with ought hands free mic. First 300.00 its yoursEnclosed single axle trailer $1,200Contact Jefrey6693-6922 have whats app if you want picsSent from my iPad

Make:FordModel:E-350Engine: V-8 turbo DieselTrans: Automatic w/ overdriveYear:1996New tires, new batteries, new water pump, new concentric belt, new pulley, new belt tensioner, new upholstery, new power stearing hose, new fuel pump last year and fuel lines and tank cleaned and flushed, runs great!Contact Jefrey6693-6922 have whats app if you want picsSent from my iPad