Buying Real Estate In Colombia | Interview With A Real Estate Agent (2020)

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Buying Real Estate In Colombia | Interview With A Real Estate Agent (2020)

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4 жыл бұрын

🏡 Are You Planning To Buy Real Estate In Medellin?
👨‍💼 Contact Our Trustworthy Real Estate Agent Today!
➡️jvillegas@juancamilovillegas.com⬅️
The Process Of Buying Real Estate In Colombia
In this video, Sam and Juan Camilo, a real estate agent are talking about the process of buying real estate in Colombia. Please listen carefully, he shares a lot of valuable insides one should know about.
Where Should You Start
Visit the city and get to know the neighborhoods
Live in the neighborhood for at least a few months
Make sure to find a trustworthy agent
Ask the right questions
Get more detailed info in the video.
We do our best to make the settling process in Colombia as easy as possible. We know that the buying culture in a lot of countries including the US is a big thing. Throughout the years we got asked a lot of times if we also offer sales, and we didn't at that time.
We are more than happy to finally present Juan Camilo. We got in contact with Juan Camilo a while ago and can say that he is a trustworthy, friendly and professional person. On top of that, he's fully bilingual as you can see in the video.
We know that everyone can be a real estate agent in Colombia because the government doesn't require a certificate or anything like that. Basically, everyone could be a "real estate agent".
We know that Juan Camilo has already a lot of experience in this field and does an excellent job. That's why we are more than happy to have him on our team of trustworthy partners!
If you are thinking of buying a property in Colombia please contact us here:
📧 home@how-to-medellin.com
Don't hesitate to contact us with any Expat questions you might have. No matter if you've got questions about Medellin, Bogota, Santa Marta or Colombia in general. We would love to support you on your journey.
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ABOUT THIS CHANNEL
This Channel's mission is to help and educate Expats, soon to be Expats and travelers.
In order to simplify their Expat and travel journey abroad.
We provide information, especially for Latin America.
Are you planning to visit or even relocate to Panama, Colombia or Ecuador?
No matter where in Latin America you'd like to relocate to, we'll provide you with all the needed information you need, in order to get around safely and to settle down.
#HowToExpat #RealEstate #MedellinColombia

Пікірлер: 68

@HowToExpat 4 жыл бұрын

🏡 Are You Planning To Buy Real Estate In Medellin? 👨‍💼 Contact Our Trustworthy Real Estate Agent Today! ➡️home@how-to-medellin.com⬅️

@davemo7572 4 жыл бұрын

How do you get money from America to Colombia

@marchaddad9876 2 жыл бұрын

Tienes un agente en Medellin?

@juancarlosolivera8790 6 ай бұрын

como se trabaja comprar a 2 o 3 anos mientras la propiedad esta siendo construida?

@jaygarcia2279 Ай бұрын

Cual es buen numero para communicarme con usted

@fredguerra4917 2 жыл бұрын

Get a good lawyer that you can trust. That is very hard to get in Colombia. To this moment, I have not met one lawyer or agent I can trust. Personally, I have not contacted this gent Jose. Two of my business partners have and he is just not very professional. He is the norm in Colombia. I do not respond well when the agent wants to get my personal number in the first e-mail. I believe the local culture makes for lots of flakes. My self along with some business partners have purchase 7 beach front apartments. 5 in Cartagena and two in Santa Marta. Sad but true, very low level of professionalism from asesoradores en Medellin.

@RonaldinhoNZ. 4 жыл бұрын

I think it's easier to have a friend there to guide you along the way and so you don't get scammed by agents and also helps you set up things like internet. I would prefer smaller cities like Manizales or San Gil because it's more peaceful, much cheaper and friendlier people

@aboy6974 4 жыл бұрын

I'd personally try to avoid any gringo owned and operated real estate companies unless they have a lot of positive reviews. I've seen one online with really high prices even to rent anything from them was like paying Miami prices to live in El Poblado. The properties were nice and renovated though.

@DirectionlessStudent 4 жыл бұрын

Terrific information! I especially loved: "Anybody is a real estate agent." 😮😂😂 Buying property in any country -- even one as regulated as the US -- without an experienced agent and a good attorney is playing roulette.

@casablanca3277 3 жыл бұрын

Thinking about buying a property out there thanks for the info

@itismemara 3 жыл бұрын

Planning to buy a house, currently renting. Many thx for this video

@MeCa2021 Жыл бұрын

How about a title in legal process ? On a paper.. which shows u own this property

@NickDemski 4 жыл бұрын

Interesting stuff. Thanks for sharing, I've found Medellin to be quite noisy, I've enjoyed Lomas de los Bernal and Villa Hermosa 🙏

@NickDemski 4 жыл бұрын

@Such is Life be kind I can only speak for my place. 2 bedrooms, lots of amenities, about $400/month right now I think 🙌

@rslashreddit_ 2 жыл бұрын

I've been interested buying an apartment here but am not sure about the process for a foreigner and scared of scams and stuff and bad agents

@alred6568 2 жыл бұрын

Friend, I had several transactions in Latin America. Mainly Mexico, Dominican Republic, Guatemala, Honduras, and Colombia. I must tell you is a jungle. I do not trust the lawyers or the real state agents. They both bad. The process is simple, but your representatives can make it break it. There is no easy way to buy properties in Colombia. My first purchase in Cartagena took me six months. I personally stayed in country and did the research and the leg work to buy a simple property. Back in the day, a naive friend of mine invested in a new development. Despite my advice, he put money in to development. Long story short, my friend lost all of his money due to a scam. The project was never built. This often happens in Latin America.

@marcobermudez2647 2 жыл бұрын

@@alred6568 very true, in Colombia its never a good idea to invest on a blueprint of a property, it may give you huge returns but more often that not people get scammed

@jasonstemley1232 4 жыл бұрын

Sorry for my ignorance, maybe you would know or maybe not but would you happen to know what type of questions I should be asking when purchasing? I know he gave some examples but could you compile a list of questions that should be asked.

@comrade916 3 жыл бұрын

If I were purchasing an apartment in Medellin, I would be asking the following: What is the occupancy of the building? Are owner allowed to rent the individual apartments? What are the maintenance fees and how what is the value of this fund? What are the major improvements the building will need in the near future? These are the types of questions I would ask.. Think down the road, if you would ever have to sell it... Will the Colombian peso go up or down? Will the Colombian economy remain stable? Will the government remain in Power? I realize that nobody can answer some of these questions, but this is what to keep in mind..

@Dud-in9iu Жыл бұрын

@@comrade916 There is now way anyone could predict half the questions you stated. You can't predict the likelihood of a modernizing country's local currency strength, govt stability in the future, etc. You have to decide to accept the risk or pass on it. Only thing you can control is the property itself. You have to do your due diligence and use professionals plumbers, electricians, and house inspectors (if available) to tell you about the property, and do your own neighborhood market research. Outside of that, you can analyze the current govt and economy in their current state, but there is no way to predict or even anticipate for the future.

@comrade916 Жыл бұрын

@@Dud-in9iu Read the last sentence of my initial reply dated approximately two years ago. That's your answer!

@mathematical_theology 4 жыл бұрын

Very informative video.

@Cupcake91119 Ай бұрын

Hi can anyone be of help as I’m thinking of moving to Columbia from the uk. Quick question my limit for a house is 70,000 pound once converted into Colombian peso would that be enough for me to buy a house. And what the minimum amount to buy a house in Colombia? thanx

@renaissanceman21c 2 жыл бұрын

What if, as a foreign, if you own a property free and clear in Colombia, and you want to buy a second home in Colombia? Can you pledge the first property as collateral for a mortgage to purchase the second property?

@leloelela Жыл бұрын

So everyone says the first step in buying property in Colombia is opening a Colombian brokerage account. However nobody says where and what the account is named (for example, Bank of America has accounts named SafeBalance, Advantage Plus, etc). Are you able to share the bank and account type?

@stevenjames14 3 жыл бұрын

Thanks

@ramonddupree925 4 жыл бұрын

I looked at the prices, Why are properties so expensive when compared to the wages, and economy? Maybe because I was looking in areas where Americans typically like to live? Are there some in the middle areas? Not too poor areas with high crime, but not near Park Lleras, something in the middle prices? What are those price range average in US for 1 bedroom condo/apartment

@Fritzchen 4 жыл бұрын

The prices are crazy. Ever thought of choosing another city? depending on how much money is available, I would personally buy a small cheap Finca in Cali. Find a good engineer and have the house renovated as you wish.

@rickyticky3350 3 жыл бұрын

@Montañero Paisa for the regular Colombian citizen I think it's impossible

@takeflightfinance644 Жыл бұрын

something like 2% of Colombians own all the property

@jonburg1787 Жыл бұрын

How do you get money from the USA to Colombia in order to buy a property?

@casamurphy 4 жыл бұрын

Is there a standard inspection process? Are there inspection companies who put cameras down the sewer pipes, test the electrical panel and outlets, etc?

@billytheweasel 4 жыл бұрын

There really really SHOULD be!

@Dud-in9iu Жыл бұрын

Plumbers will do that

@THEFLYBOYWAY 4 жыл бұрын

Great any connections in Barranquilla? I'm headed down their next week to open a savings account

@HowToExpat 4 жыл бұрын

not yet sorry.

@earlrussellclark1613 Жыл бұрын

Buying in Cartagena Colomb😢 anyone knows a good Broker and Attorney, help!

@maigematthews5620 Жыл бұрын

Can you a 2023 update of this video?

@yun_yang 2 жыл бұрын

Thanks for sharing. Hear you can get a subsidy from the government in 2021. How does it work and where can someone get more information?

@HowToExpat 2 жыл бұрын

You can forget about it if you're not Colombian as far as we know.

@Patrick-xv8uv 3 жыл бұрын

So there's a 19% VAT and no mortgages? No wonder the rental market is so popular!

@davidmunoz2000 11 ай бұрын

I am a Licensed Realtor here in Florida. My family in Medellin want to sell there beautiful Farm. Any tips buyers?

@Cupcake91119 Ай бұрын

Hi how much is the farm selling for?

@richardromero5186 4 жыл бұрын

Please explain property taxes what can one expect ?

@HowToExpat 4 жыл бұрын

Check out the videos here: www.how-to-expat.com/?s=real+estate

@comrade916 3 жыл бұрын

How much is the transfer of real estate title tax in Colombia?

2 жыл бұрын

It's 0,54% of the price of the property.

@tortriks 3 жыл бұрын

Can you provide me with a Colombian purchase and sale agreement that has been attorney approved

@HowToExpat 3 жыл бұрын

Please contact home@how-to-expat.com, with your request.

@masterp4637 Жыл бұрын

Trying to find and agent in bogota

@maigematthews5620 Жыл бұрын

Do you have any information about the following areas: Buenaventura Cali What’s the process for buying rural land located on the islands and coast of Colombia?

@AfricaGeo 4 жыл бұрын

How has COVID affected sales in Colombia ?

@HowToExpat 4 жыл бұрын

We just recorded a video about that. We'll post it in a couple of days

@AfricaGeo 4 жыл бұрын

How To Expat thank you . I just sort of went down a rabbit hole 🕳 looking at properties in Cali and they seemed much more reasonable than I remember seeing it before .. Too bad I can’t go yet ... I’ve had my ticket paid for since June and nada... lol Thank you and I’ll look forward to seeing your videos ...

@expatlifestyle1144 3 жыл бұрын

Thank you Sam!

@DashVisionLLC 2 жыл бұрын

Is there a yearly tax to pay to the govt for owning a home in Colombia?

@Dud-in9iu Жыл бұрын

Yes

@TheMralexander19 3 жыл бұрын

Can you get a mortgage from an american bank and use it in colombia?

@HowToExpat 3 жыл бұрын

Sure, I just think getting a mortgage for a home abroad should be extremely difficult to get

@clevlogs2660 3 жыл бұрын

Whats an mls?

@HowToExpat 3 жыл бұрын

It's a general directory for real estate listings.

@swilhelm3180 2 жыл бұрын

I can't believe how out of touch the poster is here. Wake up! People are asking important questions here!

@prgmanager 4 жыл бұрын

The prices are over inflated and the crime is out of control.

@lobsterwhisperer7932 4 жыл бұрын

Is it like in Narcos the show? or have things changed for the better?

@andrevandermerwe7326 4 жыл бұрын

You don't know what you talking about...come live here first. There are good and bad places, same as in every other country. Colombia is a GREAT place to live in! Been here 9 years...and counting.

@gasstationsushi7191 3 жыл бұрын

Sam, you really have to stop beginning and ending every sentence with soooooo yeah. seriously.

@HowToExpat 3 жыл бұрын

Sooooo... yeah I'll think about it.

@godzrapture8362 2 жыл бұрын

That’s hilarious 😂. Unless you wealthy in the world can you buy property straight out cash. That’s a joke oh here you go here is $100,000.00 cash. Can’t believe I was so stupid that it would be a great opportunity for a middle class person. Buying property is only for the wealthy. What a joke.