How to avoid falling for real estate investment scams in the United States and Panama

The real estate market is quite desirable for many people who have the economic capital to access it. But not only within the national territory, but internationally and more precisely in countries such as the United States and Panama, to name a few.

And it is not only because of how attractive it can be to buy a property in the United States in the middle of its big cities, but also because of the profitability that usually makes a purchase of them.

Even among the largest buyers of real estate in North America are Colombians, or at least this was announced in 2020 by the National Association of Realtors, which is responsible through sales agents and other real estate professionals, to show data on how this branch and certain buyers have grown with specific nationalities.

Colombians for that year were ranked among the top 5 buyers along with people from China, Mexico and India, to name a few.

Among the most telling data in the last 4 years, Colombians invested around $1.3 billion in properties in the United States between April 2019 and March 2020, when prior to those years the ceiling was $800 million.

Even so, despite being able to be taken as something positive, it also increases the risk of being one of the most risky when buying goods abroad and falling into scams.

For 2022, the recommendations when it comes to wanting to make an important investment in real estate specifically in the United States and Panama, are made from the perspective of experts in the field.

The first of these is that the purchase of a property is made in the name of a legal entity, since, if it is done in a personal capacity, when the owner dies the issue of inheritance in taxes is very high, in the United States it is approximately 35% and in Panama 25%.

This will allow the remaining shares in the event that one of the partners dies, to be distributed among the other owners and thus avoid costly succession expenses.

On the other hand, first review everything that involves buying property in other countries as tax expenses. This will allow you to have the opportunity to buy what best suits your economy and greater control of property expenses.

Another important recommendation for when you want to buy a property in these countries, is to get advice from professional agents who can guide you around this objective. Remember that an expert is clear about all the risks and benefits you can get from your purchases.

As for the closing of any negotiation, it is important to transfer the agreed money to the trust account of the property and never to natural persons, that is to avoid theft.

As additional information on how to make a purchase better, it is good to know what are the trends in this type of purchase, because according to updated data on this trade, Texas and Florida are leading the purchase intentions after the pandemic.

Likewise, everything related to the immigration issue in order to get to do real estate business, it is also important to have the advice of experts, which would avoid breaking laws and falling into serious crimes in Panama and the United States.

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