Or Why Buy Property From Us
All our properties have 10 outstanding advantages
Carefully selected, prime locations
Thoroughly vetted — All are safe & solid investments
Best prices in town
Almost all are beach front or less than a 100 yard stroll to the beach
All in the unique & charming beach town of Puerto Armuelles
Property tax exempt. It is hard to complain about NO property taxes!
Each property comes with an unheard of Money Back Guarantee.
Buy a property, we pay your airfare here!
Below I explain the“10 Reasons To Buy From Us” in more detail.
1) Carefully Selected, Prime Locations
When we arrived in Puerto there was lots of property available to buy. We chose only what we thought was the most appealing.
We singled out the properties where we would be happy to live. Reyn, as a designer, was always thinking of the end user. The person who would ultimately live on the property.
While price was a factor, it was not our main determining criteria.
We looked for property where we would have liked to live ourselves. Locations that made us feel joy and that we were glad to be alive.
Only then, did we start our careful evaluation of the property as a potential purchase.
We looked at:
- Ease of house construction
- Potential location of house and other outdoor spaces on the lot
- Quality of neighboring properties
- Any ownership issues
- Property line issues
- Ocean view and breeze potentials
- Hidden hazards and much more
If the property had any significant issue, no matter how much we liked the property, we did not buy it.
When we bought property, we took our responsibility as owners seriously.
As the years go by, we are always trying to make the property more attractive, livable, valuable, and secure. Over time we have become pretty good at this. At least, we think so. We welcome your thoughts on the matter.
2) Throughly Vetted Properties
We have thoroughly vetted and researched all of our investment properties.
Many we have owned for up to 10 years. There are no outstanding ownership issues.
All properties have been well-maintained and improved over the course of our ownership.
We have all of the original property documents. Even the old yellowed originals, some dating back all the way back to the very first issuance of Right of Possession of the property, on up to the present year. (These are kept in a safe deposit box in the US.) All property transactions have been witnessed by the notary and by relevant neighbors, ex-wives, children, etc. Of course we also have the official engineers’ drawings for all the properties.
Very importantly here in Panama, we have gotten to know all of the neighbors of the properties. We have met all, or at least most, of the siblings and children of the sellers. In many cases, Reyn even knows the neighbors’ dogs by name.
All the neighbors recognize us as the sole owners of our properties. Because of our good relations with these neighbors, they would inform us of any suspicious behavior or encroachment (Thankfully, it is very rare to have such issues in Puerto.)
As we have said elsewhere, most issues, especially ownership issue surface in the first few weeks of a new purchase. We are so confident that there will be no issues, that we offer a money back guarantee (see below).
3) Best Prices In Town
Our goal is to have the best prices in town. If you find a similar property at a better price, please let us know.
Please do your research. You will find that our prices, for what you get, is lower than other expat-owned property for sale in the area. When evaluating a property for price, you should look at quality of location, view, size, aesthetic appeal and other critical factors of a quality living experience.
We appreciate your feedback. We’d love to hear what you found. We want to continue to deliver the best quality at the best price.
4) Beach Properties
We love the beach. So we chose property that would easily allow a beach lifestyle.
Much of our property is beach front. And if it is not at the beach, it is less than 100 yards from the beach.
We only have 2 properties that are not considered beach properties, but even those have views of the ocean.
5) All in Puerto Armuelles
Puerto Armuelles is a wonderful place to live. It isn’t a tourist destination yet, but it is an ideal place to enjoy a relaxing beach lifestyle.
Puerto Armuelles is a unique town. It has a real sense of place. We loved Puerto from the moment we set eyes on it.
Location is key.
After 3+ months of traveling all over Panama. We decided to buy in Puerto Armuelles.
We wanted to live in a real beach town. We didn’t want to live in a resort community, or somewhere which would require alot of driving to accomplish our daily errands.
Puerto Armuelles was the only place that fit all of our “happy living” requirements. Simply put, Puerto felt right. And it still does.
More and more expats who move here each year agree with our assessment.
I have written about Puerto Armuelles extensively in other parts of our site, so I will just give you a summary of Puerto’s features below.
A bullet summary of Puerto Armuelles
- Puerto has a real sense of place
- Located right on the Pacific Ocean
- Historic town. Built by Chiquita Banana, starting in the late 1920s
- 2nd largest town in the popular Chiriqui Province
- Everything you need is right in town
Although it is not yet a tourist destination, Puerto has features that are beginning to attract recreational visitors, as well as retirees.
- Go horseback riding on the beach or in the hills
- Go surfing, stand up paddle boarding, or sea kayaking
- Take a walk on the beach
- Enjoy weekly expat get togethers
- Volunteer to teach English at local University and schools
- Help with local volunteer spay & neuter animal clinic
- Go fishing (there is even a fishing lodge 30 mins away, Hooked on Panama)
- Feed the monkeys at Mono Feliz (about an hour drive away on Punta Burica)
- Help with turtle rescue at Tigre Salvaje (40 min walk past Mono Feliz on Punta Burica)
- Go whale watching in season
- Day trips to Boquete, Volcan or Boca Chica
- Bocas del Toro is only 5 hour drive away and makes for a fun weekend trip
- River rafting opportunities and more nearby
Puerto Armuelles is a place where you can easily build a happy and relaxed life. Come visit and see if you agree with us.
6) Property Tax Exemption
Everyone in Panama could be a happy recipient of this advantage. Starting in January 2019, if your property is valued at less than $120K, it will be exempt from property taxes. In Panama, the value of the property is assumed to be the purchase price.
Fortunately, all our properties are under $120,000 – many are well under $120,000.
Currently, there is no system in Panama that reassesses a property’s value.
Which means that if you build a house on the property, your property value, for tax purposes, will not increase. Or if property prices increase in your area, the value of your property, again for tax purposes, will not increase. It will still be taxed, or be exempt, based on the purchase price.
Of course, this lack of up-to-date assessments may change, but for the foreseeable future that is the situation. A good situation for property owners in Panama.
7) Money Back Guarantee
We want you to be happy with the purchase of one of our properties. To that end, we give you 30 days, from the time you sign the purchase agreement, to change your mind.
No questions asked.
We will give you a full and fast refund (minus closing costs & expenses).
However, we don’t think you will take us up on this refund offer.
All our properties are throughly vetted, priced well, and are simply good properties. Regardless, we strongly encourage you to do your due diligence throughly before you buy.
8) Free Airfare
If you buy one of our properties during your visit, we will pay your airfare. Our thank you to you. Why not.
It certainly starts your tenure as a property owner in Puerto Armuelles on a happy note.
(Note: If you do change your mind and use the money back guarantee, your refund will be minus the cost of the airfare.)
9) Reserve a Property Option
We have been asked about reserving property in the past. And we always said no. We really want people to visit Puerto first. But we have been convinced to change our mind. So now we have the option.
It is a simply process to reserve a property.
- We both sign a binding agreement
- You Paypal or wire us $1000
- We don’t sell the property to anyone else for 60 days
The reservation deposit is non-refundable. If you don’t buy that property, or any of our other properties, within those 60 days, we keep the deposit.
However, if you do buy the property, or any of our other properties, within 60 days, the $1000 deposit will go towards the purchase price.
The advantage of reserving a property is that it eliminates the risk of someone else buying the property you really want BEFORE you even have a chance to see it in person.
Reserving a property provides you with 60 days to travel to Puerto Armuelles. Time for you to explore the property and the town. Enough time to make sure you really want to buy it.
For more details, go here.
10) Financing Available
We offer financing.
This is a great advantage to you since it can be time consuming and difficult to get bank financing in Panama.
And, if you are interested in ROP property, bank financing is non-existent. You can only obtain bank financing for titled property.
We carefully determined our terms by considering both what our clients have been asking for and looking at other owner-financing options available in the area.
We feel that our terms are fair and competitive. We think that you will agree.
- 30% down (40% down on properties under $50K)
- Balance to be paid monthly over 5 years
- 8.5% interest
We are happy to discuss your financing needs. Please contact us.
Finding A Property
Of course, no matter how compelling you find these 10 reasons, you must find a property that suits you.
One of our properties may be perfect for you. Or maybe none of them will call to you. Regardless, we are happy to help and answer your questions.
The main focus of our website is to help expats be successful and happy in Panama.
Of course, we would be thrilled if you bought one of our fabulous properties.
We’d have even more reason to celebrate your decision to join us down in Puerto Armuelles, Panama. The first round is on us!
Thanks for reading.