How can I sell if I live outside Cielo Mar?

Sell property in Cartagena

Sell property remotely in Cielo Mar Here is what changes in this sector and what to have ready before going to market.

Selling from abroad is common in this city and works well when representation is settled at the outset. The central piece is a power of attorney granted with the formalities Colombian procedure requires, signed before a consulate or before a notary abroad with the matching legalization or apostille, and drafted with authority broad enough for everything the holder will do: sign the purchase promise, sign the deed, receive payment and attend to the related filings. An incomplete power has to be redone, and that is the most frequent delay of all. It also helps to arrange in advance how you will receive funds, with an account in your name in the country and clarity on the transfer route abroad, a matter to raise with your bank and your accountant. Then settle who holds physical access for showings, who pays property tax, utilities and administration fees meanwhile, and through which channel you will get updates. Dimare Collection runs the process in Cartagena and works with allied licensed brokers in the United States; Nisimblat Law handles the legal side.

What Cielo Mar is, and what changes there

What sets Cielo Mar apart is that much of the buying happens before the property legally exists. Units sell off plan, and the counterparty is not an owner but a fiduciaria, a trust company, managing a patrimonio autónomo, a segregated trust estate, into which the landowner contributed the site. That changes the whole process. The first document signed is not a deed but an enrollment in the project; the money goes into a trust account rather than to a seller; and the deed is granted once the punto de equilibrio, the pre-sales break-even threshold, is reached and the building goes up, so in the early stage there is no unit folio to certify because none has been opened. Ask for the trust agreement and ask what happens if that threshold is never reached, who returns the money and on what terms. Who decides changes too: the governing document is the permit issued by the curaduría urbana, the private licensing office, and the condominium bylaws are still unregistered, so you read a draft. Utilities may be run by private operators belonging to the development itself, meaning the supply relationship does not start with the city water company.

Mexican buyer

Two currencies are called pesos in this transaction, so always say which one you mean: the contract is signed in Colombian pesos while the money leaves in Mexican pesos. The transfer is converted, enters through the regulated exchange market with its declaración de cambio and is registered as foreign investment with the Banco de la República, which is who to ask about how and in whose name. The poder for signing from abroad is granted before a Colombian consul in the city where you live or before a notario público and then apostilled, and which of the two the Cartagena notaría wants is confirmed with that notaría and with the Cancillería before you fly anywhere to sign. Visa rules and the cédula de extranjería are not the same for every nationality and belong to Migración Colombia: entering without a visa to visit the city and settling in it are two different situations. The tax question to settle with an accountant in each country is whether a treaty exists between Colombia and your country and what it says about rental income and about ganancia ocasional.

The next step

Write to us with what you are looking for and we will send you what is available. Availability, price and the terms of each property are confirmed before any offer.

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