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Once you have found your dream property and before sending a written offer (which could be legally binding), you want to make sure that you have the available funds in Colombia and properly registered before the Central Bank. The process of bringing funds to Colombia implies (normally) opening a brokerage account with a local financial institution who will buy your foreign currency and exchange it to local currency. This is done by submitting some forms, information and documents to the institution. This should take one week.

Some properties may have mortgages, probate issues, liens, or other legal encumbrances that sellers or their representatives could forget to disclose upfront. To confirm this information, it’s important to perform a title search. This involves a thorough review of relevant documents, such as previous deeds, the ownership certificate, the seller’s background, and HOA rules. This review provides peace of mind, ensuring that the property has no legal restrictions and can be transferred to you without issues. Additionally, findings from the title search may present new points for negotiation with the seller.

Due to the lack of a widespread use of an escrow account, Colombians use a contract called “Promesa de Compraventa” to ensure the deal and to penalize the party who withdraws from the deal without a reason. This contract is a private document that will set all the essential points of the deal: Price, payment structure, delivery date, and related obligations. It will also set a date, time and notary in which the deeds will get signed.

We keep you updated on every step of the application status and handle any follow-ups with the immigration authority.

Once your visa is approved, we verify all documentation, guide you through final payments, and confirm the details of your visa.

After visa approval, we assist you in obtaining your Cédula de extranjería, ensuring you meet all requirements and understand next steps.