Things You Should Know Before Buying Property in Medellin Colombia

8/16/22, 5:52 PM Medellin Advisors on Tumblr https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 1/13 medellinadvisors ThingsYouShouldKnowBeforeBuying PropertyinMedellinColombia

Beforeyoustartsearchingfortherightpropertyforyourfamilyor foraninvestmentpurpose,makesuretogothroughthesepoints. You can’t open bank accounts in Colombia

Oneofthemainthingsthateveryinvestorshouldknowis foreignerswithoutColombianIDcan’topenabankaccountinthe country.ItmeansifyouaregoingtobuyapropertyinColombia, transactionscanonlybedoneincash. Anotherwayistotransfertheamounttothebrokerageaccount, andthenitcanbemovedtotheselleraccount.Moreover,itisthe safestwayasyouareallowedtoflywithupto$10,000USDin cash.Also,itisnotadvisabletocarryahugeamountofcashwith Wiringyou.

IfyouareaforeignerandlookingtobuyrealestateinMedellin,you willbegladtoknowthatforeignersarelegallyallowedtobuy propertyinMedellin.So,itbecomesimportanttoknowafew thingsthatwillhelpyoutoavoidanykindoflegalissueswhile investinginMedellinrealestate.

fundstothespouse,afriend,oraselleraccountdirectlycan leadtolegalissueslater.

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No title insurance or escrow in Colombia AsthereisnotitleinsuranceorescrowinColombia,itisimportant tohireanexperiencedrealestatelawyertomakethingseasierand stress-free.Thelawyerwillverifythatasellerisreliableandgenuine andtheparticularpropertyhasnomortgageorlegalissuesonit. Thelawyerwillalsohelpyoutogettherequireddocumentsand Incertificates.additionto

these,he/shewillalsocheckifpropertytaxesarepaid andiftherearenounpaiddebtsrelatedtotheproperty.Ifalawyer findsoutthatthepropertyisnotagooddealforyou,thensimply walkawayfrombuyingit. Pay taxes and fees for the property

Bereadytopaytaxesandfeeswhenthebuyingprocessgets closed.Youhavetopayacertainpercentageoftheactualvalueof theproperty.Oncealltherequiredfeesandtaxesarepaid,youhave tosignthePublicDeed.Then,transfertheremainingamounttothe seller.Now,youwillbethenewowneroftheproperty

Aeralltheseformalities,thelawyerwillappealfortheregistryof thepropertyinyourname.Thenewcertificatewillbeissuedinyour name,andtheentireprocessofbuyingMedellinColombiareal estateiscomplete. Perks when buying a property Ifyouarestillconfusedaboutwhetherornottobuyapropertyin Medellin,simplygothroughthesepointstomaketheright decision.

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Nomaerwhatcountryyouarefrom,buyingapropertyin Colombiaisalwaysabiginvestment.Someofthesereasonsyou maynothaveconsideredare: OneofthemainreasonsforbuyingMedellinColombiareal estateisaninvestmentgoal.TherapidgrowthofMedellinis highlyexpected.ItmeansbuyingapropertyinColombiaisa healthyROI,especiallyforforeigners.

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Anotherreasonisthelifestyleasthecityoerssomuchtoits residents.Theseincludesports,beautifullandscapes,worldclassrestaurants,andamazingnightlife.Also,thecostof livinginMedellinishighlyreasonable. Insteadofrenting,youshouldoptforbuyingapropertyasit willalwaysgiveyouthesecurityofhavingyourownplaceto liveinanothercountry.Youcanalsorentyourpropertyand makeanextraincome.

BuyingapropertyinColombiaisthebestwaytogeta residencyvisatoliveinthecountry.

8/16/22, 5:52 PM https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 4/13 Morefrom@medellinadvisors BuyingapropertyinMedellinColombiaisagreatwaytosecurea residencyvisainthecountry.Youcanstayfor90-daysinColombia withoutavisa.Usethistimeperiodtolookforthebest neighborhoodandtherightpropertyforinvestment. #Medellin #realestate #property #colombia medellinadvisorBlazes WhyisitworthvisitingMedellinColombia?Medelliniscounted inthelistofthemostbeautifulandprogressivecitiesaround… MEDELLINADVISORS.QUORA.COM WhyisitworthvisitingMedellin Colombia? #Medellin #colombia #travel medellinadvisorBlazes

8/16/22, 5:52 PM https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 5/13 Colombiaisknownforitsdynamicdestinations,delicious cuisines,andincrediblehistory.Duetothenumberoffactors,i… REALESTATEADVISORSMEDELLIN.BLOGSPOT.COM PointsToKeepInMindWhenInvesting inColombia #Medellin #investment #property #realestate medellinadvisorBlazes ManypeopleknowMedellinforthewrongreasons.But,inthe 90s,thecityrebuiltitselfandstartedgrowingineachaspect.… REALESTATEADVISORSMEDELLIN.WORDPRESSCOM YouShouldFamiliarWithThesePoints WhenBuyingPropertyinMedellin #Medellin #property #realestate #investment medellinadvisorBlazes

8/16/22, 5:52 PM https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 6/13 Manypeoplethinkoftherequirementsthatforeignersneedto buyrealestateinColombia.Notanything,theyjustneedavali… REALESTATEADVISORSMEDELLIN.WORDPRESSCOM ASimpleGuidetoBuyRealEstatein Colombia #Medellin #realestate #invest #investment medellinadvisorBlazes Colombia’srealestatehasexperienceddrasticgrowthinthe marketandhousepricesoverthelastfewyears.Ifyouare… EXT6115005.LIVEJOURNAL.COM ReasonsWhyForeignersDoReal EstateInvestmentinColombia #Medellin #investors #investment medellinadvisorBlazes

8/16/22, 5:52 PM https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 7/13 IfyouareaforeignerandwanttoinvestinMedellinrealestate, whethersmallorlarge,itisveryimportanttoprecedethe… MEDIUM.COM | JOHNYSPECTRE MedellinRealEstate — PointsThatAre IncludedInThePurchaseAgreement #Medellin #investment #realestate medellinadvisorBlazes WWWTUMBLRCOM Thebestthingisthatyouwillbeabletofindanapartmentwithin yourbudget.ThereareApartmentsforsaleinMedellinColombia, foralmosteverybudget,fromcheapdealstohighlyexpensive options. GuidetofindanapartmentinMedellin Colombia #Medellin #investment #realestate Blaze

8/16/22, 5:52 PM Medellin Advisors on Tumblr https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 8/13 medellinadvisors ManypeopleknowMedellinforthewrongreasons.But,inthe 90s,thecityrebuiltitselfandstartedgrowingineachaspect.… MEDIUM.COM | JOHNYSPECTRE IfyouarelookingforhousesforsaleinMedellinColombia,thereare somepointsthatyoushouldbefamiliarwithastheywillhelpyouto maketherightpurchaseattherighttime. YouShouldFamiliarWithThesePoints WhenBuyingPropertyinMedellin #Medellin #realestate #investment #Property medellinadvisorBlazes Oneofthemaindierencesbetweenrentingandpurchasinga propertyinMedellinColombiaistheexpense.Another… PREMIUMREALESTATEMEDELLIN.BLOGSPOT.COM Here,youwillgettoknowaboutsomebenefitsofpurchasingor rentinganapartment.Wewillalsohelpyouindecidingbygivinga Whichisbeer–Rentingor PurchasingApartmentinMedellin Colombia?

8/16/22, 5:52 PM Medellin Advisors on Tumblr https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 9/13 fewpointsthatyoushouldtakeintoaccount. #Medellin #rentals #realestate #Property #buyingproperty medellinadvisorBlazes LuxuryHomesForSaleinMedellin| MedellinRealEstateAgency ExplorealistofpremiumpropertiesforsaleinMedellin, Colombiaandsurroundingareas. PROPIEDADES.MEDELLINADVISORS.COM #Medellin #realestate #homes medellinadvisorBlazes

Music

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8/16/22, 5:52 PM https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 10/13 Valuable&usefulinformationaboutbuyingRealEstatein Medellin.Dierenttypesofproperties&anoverviewofthe WWW.MEDELLINADVISORS.COM Withanaverageannualincreaseinpricesofmorethan9%peryear, aneconomythathashadahistoricreboundfromthepandemic, andasteadilygrowingtourismsector,theMedellínrealestate marketisredhot. MedellinRealEstate #investment #Medellin #realestate medellinadvisorBlazes DidyouknowthatMedellinisoneofforty-sevenCitiesof Music,assignedbyUNESCO?Musicandartaredriving…

Colombiamaybeknownas“Thelandofathousandrhythms”but thecurrentnameofthegameinMedellínisreggaeton.Thecityis attheforefrontofthegenre’smovements.Inthisarticle,let’s exploreMedellín’smostprominentartistsandtheroleoftheircity incultivatingtheirtalents. inMedellín:AtTheForefrontof Progress-MedellinAdvisor

8/16/22, 5:52 PM Medellin Advisors on Tumblr https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 11/13 #Medellin #colombia #music #artists #musician medellinadvisorBlazes TheÍndicedeValoraciónPredialisameasurementbythe GovernmentofColombiawhichshowsthetrendinpricesinth… WWW.MEDELLINADVISORSCOM MedellínRealEstate–Índicede ValoraciónPredial-MedellinAdvisor #Medellin #investment #colombia #realestate medellinadvisorBlazes Lodgingisbothanessentialandtouchysubject.Duetothe challengesofsecuringlong-termrentalsandthegrowing… WWW.MEDELLINADVISORSCOM GringoPricingandMedellínApartment Rentals-MedellinAdvisor

8/16/22, 5:52 PM Medellin Advisors on Tumblr https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 12/13 Medellínisacitythattrulycatersforallbudgetsandneeds.The majorityofvisitorsthatcomeherearepositivelyoverwhelmedwith theoverallvalueformoneythatisonoer.Thatisunlikelyto changeanytimesoon,regardlessofdemandincreasing. #Medellin #rentals #Property medellinadvisorBlazes TheColombianConstitutionof1991recognizesprivateproperty rights.ManyhavewonderediftheelectionofSocialist… WWW.MEDELLINADVISORS.COM GustavoPetroandPrivateProperty Rights-MedellinAdvisor% #Medellin #investment #realestate medellinadvisorBlazes 15SpanishTermsYouShouldKnowto DealinColombianRealEstate

8/16/22, 5:52 PM https://www.tumblr.com/blog/view/medellinadvisors/692366453526200320?source=share 13/13 Thisarticlelooksat15commontermsinColombianRealEstate, explainshowtheyareused&otherrelatedterms.Learnthem… WWW.MEDELLINADVISORS.COM medellinadvisorBlazes Thisarticlelooksatexpectedreturnsforaninvestmentinreal estateinMedellin,Antioquia,Colombia. WWW.MEDELLINADVISORS.COM ExpectedReturnsforMedellinReal EstateInvesting-MedellinAdvisor Blaze 1note