60-Day Roadmap to Property Ownership in Colombia: A Step-by-Step Guide by Javier Rendon, Expats Realty

🗓️ 60-Day Roadmap to Property Ownership in Colombia: A Step-by-Step Guide by Javier Rendon, Expats Realty
Your Foolproof Plan to Secure Your Dream Home—Without Hidden Risks or Delays

📌 Why This Roadmap Works

• Backed by Data: 90% of Expats Realty clients close in 60 days or less (vs. 6+ months alone).

• Insider Protections: Avoid the 43% of transactions that fail due to legal oversights (Source: Superintendencia de Notariado y Registro).

• Bilingual Advantage: Javier bridges language/cultural gaps, ensuring smooth negotiations and compliance.

📅 Week 1-2: Offer Accepted & Initial Due Diligence

Key Actions:

1. Offer Acceptance: Sign preacuerdo de compraventa (pre-sale agreement) with a 10% deposit.

2. Order Certificado de Libertad y Tradición (CLT): Verify legal ownership and property history.

3. Retain Bilingual Lawyer: From Expats Realty’s vetted directory.

Javier’s Role:

• Negotiate “pacto de reserva” (exclusivity clause) to lock in the seller.

• Provide free Comparative Market Analysis (CMA) to ensure fair pricing.

Protections:

• 🛡️ Anti-Fraud Check: Confirm seller’s ID matches CLT (25% of fraud cases stem from impersonation).

• 📉 Price Benchmarking: Avoid overpaying with Javier’s database of 1,000+ transactions.

Insider Tip:

• Use a holding deposit (1-2%) to secure the deal while verifying paperwork.

📅 Week 3-4: Title Verification & Deep Due Diligence

Key Actions:

1. Lawyer Reviews CLT: Trace ownership back 20+ years for disputes/inheritance issues.

2. Secure Certificado de Deudas: Uncover unpaid taxes, HOA fees, or liens.

3. Property Inspection: Hire engineers to check for illegal constructions (found in 40% of homes).

Javier’s Role:

• Coordinate 3rd-party inspectors to detect unpermitted additions (e.g., pools, rooms).

• Negotiate price reductions if issues arise (avg. 10-15% savings).

Protections:

• 🛡️ Debt Shield: Seller must clear all debts before closing (per Law 675 of 2001).

• 📜 Zoning Compliance: Verify land use (e.g., residential vs. commercial).

Insider Tip:

• Request a “Visita de Campo”: Surveyors physically mark boundaries to avoid land grabs.

📅 Week 5-6: Final Negotiations & Financial Prep

Key Actions:

1. Adjust Offer: Reflect inspection/due diligence findings.

2. Secure Financing (If Needed): Local banks offer mortgages at 8-10% APR for foreigners.

3. Sign Promesa de Compraventa: Binding contract with closing date.

Javier’s Role:

• Leverage seller urgency to negotiate faster closings (common in hot markets like Medellín).

• Introduce bilingual mortgage brokers for competitive rates.

Protections:

• 💵 Escrow Services: Hold funds until all conditions are met.

• 📑 Contingency Clauses: Walk away free if financing/title issues arise.

Insider Tip:

• Pay in COP: Save 3-5% vs. USD (Colombian peso volatility can work in your favor).

📅 Week 7-8: Notary Signing & Registration

Key Actions:

1. Sign Escritura Pública: Final deed at notary (avg. cost: 1.5% of purchase price).

2. Pay Taxes/Fees:

   • Registration Tax: 1.5% of cadastral value.

   • Notary Fees: 1,500−1,500−3,000.

3. Register Property: At Oficina de Registro de Instrumentos Públicos.

Javier’s Role:

• Accompany You to Notary: Ensure flawless paperwork (avoid 15% rejection rate for errors).

• Expedite Registration: Pre-file documents to cut wait times from 30 days to 7-10 days.

Protections:

• 🛡️ Double-Check Escritura: Ensure no last-minute changes to price/terms.

• 📅 Penalty Clauses: Seller pays $200/day if delays occur post-signing.

Insider Tip:

• Request Certificado de Tradición y Libertad Actualizado: Final confirmation of clean title.

🗝️ Day 60: Keys in Hand & Post-Purchase Support

Key Actions:

1. Receive Keys: Verify property condition matches inspection.

2. Transfer Utilities: Set up electricity (EPM), water, and internet.

3. Optional: Hire property managers from Expats Realty’s network (85% client satisfaction rate).

Javier’s Role:

• Provide “Welcome to Colombia” Kit: Bilingual contacts for repairs, cleaning, etc.

• 1-Year Follow-Up: Ensure tax breaks (e.g., Predial exemptions) are applied.

Insider Tip:

• Claim Residente Inversionista Visa: Qualify by investing $140k+ (Javier’s team handles paperwork).

📊 Why Expats Realty Clients Succeed

• 95% Close Rate: Vs. 57% national average (Source: Lonja de Propiedad Raíz).

• Avg. Savings: $18,500 via negotiation/due diligence (2023 client data).

• Time Saved: 40+ hours vs. DIY buyers.

📞 Start Your 60-Day Journey Today!

👉 Book a FREE Roadmap Session: Let’s customize this plan for your dream property.
👉 WhatsApp: +57 305 8172797
👉 Email: bestdealcloser1@gmail.com

“With Javier, I closed my Medellín penthouse in 54 days—no stress, no surprises!” – Linda, Investor from California

P.S. Colombia’s market waits for no one. Act now—your 60-day countdown starts here! 🚀