RANCHO LOS
SUEÑOS
in
El Espavé, Chame
Nestled in a hidden valley 45 minutes from
Panama City and close to the Pacific Ocean,
Rancho los Sueños (Ranch of Dreams) is aptly
named.
At Rancho los Sueños, considerable emphasis
is placed on developing a community of
respect, friendship and trust. This credo is
evidenced by the types of people who now
call Ranchos home. People with an
adventurous spirit, a love of nature, and a
real desire to see new places, meet new
people and live life to its fullest.
The fact that Rancho los Sueños property
owners are a likable and like-minded group
of individuals is no accident. It takes a
certain type of mind-set to venture off the
path of time-share condominiums and all-inclusive
resorts and explore less-traveled terrain
such as Panama. These people take the risks
of trying something new, and sometimes reap
the benefits of being the first to find an
unspoiled treasure like Rancho los Sueños!
As it happens, some of the first people to
buy property at Rancho los Sueños were a
lovely retired German/Canadian couple. They
were so excited by the location - its
natural beauty, its proximity to the ocean,
and most importantly the price - that they
just had to tell their friends. These
friends visited, these friends bought more
ranchos properties, and these friends told
their friends. This is essentially how
Rancho los Sueños cultivated its first
international community of landowners - the
German/Canadians!
Rancho los Sueños owners come from all age
groups, cultures and walks of life, but they
share one defining feature: they are all a
very friendly bunch! Because of this,
Ranchos has very quickly become a very close-knit
community that enjoys each other's company
but also respects each other's privacy.
More and more foreigners are choosing Panama
as their getaway destination, their place of
work, and their home. It's a peaceful and
unspoiled tropical paradise that offers
countless incentives and protections to
those making any type of investment in the
country (such as real estate, for example.
Rancho los Sueños in particular is a
uniquely desirable destination within Panama.
It's a carefully planned eco-community with
all the modern comforts of home. It offers
undisturbed solitude, yet lies only a short
drive from Panama City. It's minutes from
beaches, lakes, golf courses, resorts and
all the amenities we have come to count on.
And it's currently priced to sell.
Lots in Phase I of Rancho los Sueños start
at just $15.00 USD per square meter; an
incredible buy relative to other properties
being sold in the area. Use the menu to the
left to discover more about the Rancho los
Sueños project, and to learn the specifics
of purchasing a lot.
HOW TO PURCHASE?
Once your lot reservation has been made, an
international legal counsel's office (or
attorney of your choice) will prepare a
standard sales contract and fax or Email it
to your attention. Upon your review and
approval, your contract should be signed and
returned, along with a non-refundable
deposit of 20 per cent of the value of
each lot being purchased. This first step
should not take more than ten business days.
Once Rancho los Sueños receives your
contract and deposit, the paperwork
necessary to transfer the property's title
to you will begin. This process will
normally takes less than 90 days.
Once completed, you will be directed to
forward the balance of the purchase price to
the account of the developer and your deed
to the property will be provided by the
lawyer.
At closing, you will be required to pay the
full balance due. In addition to the
purchase price, closing costs include legal
counsel fees of 3 to 5 per cent of the
purchase price, plus a non-refundable water
system deposit of $500.00 USD.
LOT OWNER'S ASSOCIATION
When you purchase land at Rancho los Sueños,
you automatically become a member of the Lot
Owner's Association for which there are
annual dues. The association is a non-profit
Panamanian corporation governed by a three-person
board of directors who are elected by the
association's members (the lot's owners).
Important areas of concern include
maintenance and repair of roads,
establishment of rules governing all aspects
of Association functions, and the
appointment of members of an Environmental
Control Committee to review all building
plans for homes built in the community of
Rancho los Sueños.
Annual dues are primarily used for items
such as the improvement and maintenance of
roads, payment of Association property taxes,
security and insurance. The annual
assessment is payable by lot owners on
October 1st of each year, or at some other
date as decided by the Association.
COMMUNITY COVENANTS AND STANDARDS
Rancho los Sueños is safeguarded by a number
of covenants and restrictions that have been
placed upon all lots within the community.
These covenants are designed to assure you
the enjoyment and protection of your land
and that of your neighbor.
BUILDING A HOME
You are not required to build a home on your
lot. You are simply obligated to keep your
lot clean and cared for.
COST OF TITLE AND TAXES
The developer of Rancho los Sueños, will
provide you with a recorded deed once you
have closed on your lot(s).
Under the terms of the contract, you agree
to pay all taxes due on your lot from the
date of purchase. At present, typical annual
property taxes for a lot are 1% of the
property's value. |
