Cartagena-Colombia-Travel

Buying property in Cartagena, Colombia, while traveling can be a rewarding and profitable investment, but it also requires some planning and preparation. Here are some steps from a property management expert, so you should follow to buy property in Cartagena:

• Visit the city and explore the areas you are interested in. Cartagena has a variety of neighborhoods, each with its own charm and character. You may want to consider factors such as proximity to the beach, historical sites, nightlife, and amenities. You can also talk to locals and expats to get their opinions and recommendations.

• Check the title and tax records of the property you want to buy. You should make sure that the property belongs to the seller, that it is free of any liens or encumbrances, and that all taxes and fees are up to date.

• Sign a purchase agreement (Contrato de compraventa) with the seller. This is a written document that specifies the terms and conditions of the sale, such as the price, the payment method, the closing date, and the commission plan. You should also pay a down payment, usually 10% of the purchase price, to secure the deal.

• Transfer the remaining balance of the purchase price to the seller. You can use different methods to pay for the property, such as wire transfer, cashier's check, or cash. However, the most common and convenient way is to use foreign currency, such as US dollars or euros.

• Register the property in your name at the public registry office (Oficina de registro publico). You will need to present the original purchase agreement, the receipt, and your passport or visa. You will also need to pay a registration fee, which is around 0.5% of the purchase price.

Congratulations, you are now the owner of a property in Cartagena, Colombia! You can enjoy your new home or rent it out to tourists and earn a passive income. If you have any questions or need any assistance, please feel free to contact us. We are happy to help you with your property needs.
You can also contact them for more info: www.individuallypm.com