7 Simple Steps to Buying Real Estate in Colombia
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- เผยแพร่เมื่อ 30 ก.ค. 2024
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The real estate market in Colombia is very different to the real estate market where you're from. There's some very specific things that you need to do during the purchasing process, to avoid big headaches later on.
To educate you on the topic Miguel, Commercial Director of Loyalty Property Advisors, will be joining me in this video and explaining the 7 step process of purchasing real estate in Colombia (the right way.)
G'day, my name's AK and on this channel I explore expat life in Medellin, Colombia. Whether you're considering moving to Medellin or just visiting Colombia, I've got you covered. Join me as I show you exactly what living in Medellin and Colombia as an expat is really like.
#medellin #colombia #medellincolombia #movetomedellin #movetocolombia #colombiarealestate #realestate
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Truly and honest information and support so far if you guys want to go get a good place 🏡
Thanks for this video!
Great video! Love the collab!
Thanks🙌🏻🙌🏻
Thats a really valuable info
Can you elaborate more when he states knowing the culture will help?
Being able to connect to the locals by understand / speaking the language
Goof stuff subbed!
My us passport expires in October 2024. And planning to visit colombia in July for a week . am I okay here or do I need to renew my passport before traveling
In most countries they require minimum 6 months. Don’t think it’s different in Colombia
I'd reccomend renewing it first bro honestly
Hey Ak Joel, I’ve been following your channel for a while, thank you for the great work you’ve been putting in. What is your take on the xenophobia situation in Medellin now created by the major, and lately there’s been all kind of xenophobic sign saying no gringos etc now the perception of gringos as completely changed and being look at as these monsters that come to take advantage of minors.
I’m from the US and
I’ve bought my flight ticket to come to Medellin for the first time next month in June and now watching this unfolding all over youtube. My question is.
How do you see the interaction with the gringos and the locals first hands as of lately from your experience in your surrounding? Are gringos not welcomed there anymore?
Hey mate, thanks for your question and I understand your concern.
To be honest, there is no xenophobic situation mate. Maybe a very small percentage of people, but you're always gonna get that in any country.
Nobody has treated me poorly in the 3 years I've been here and that's the same story for many of my friends (black, white, etc.)
To summarize : gringos are more than welcome but s*x tourists are not. Colombians hate them and the mayor himself is on a rampage to stamp out this type of tourism.
??? I as well wonder...Hmmm?
I heard him mention down payment. I thought you had to buy property outright at full price in Colombia. Is that correct? How does the down payment fit into that model?
Once you make the agreement to purchase you pay a deposit (or down payment), then when you do all the closing paperwork you pay the remainder.
The brokerage fees seem to high especially if the amount involved is high. 0.6 to 0.8% of 100,000 USD would be $6K or $8K just for facilitating a transaction. Is this because doing it through a brokerage firm is more secure than just doing a wire transfer to seller when all other steps are done.
I think your maths are a little bit off mate. 0.6% of $100,000 is $600, not $6000.
You are correct Joe. I am a finance major. I calculated in my head using a million dollar value. The fees are quite reasonable.
Thanks for all you do AK. What is the least expensive way to transfer money into a brokerage account from the U. S ?
@@muchit3629you are a finance major but you can’t make a basic calculation lmao where you got your diploma? In a kellog’s box ?🤣