What should I ask during a viewing in Cielo Mar?

Buy property in Cartagena

What to ask on a property viewing in Cielo Mar Here is what changes in this sector, which kind of property fits and what to check before signing.

A viewing exists to uncover what photographs hide, and that calls for arriving with questions rather than impressions alone. This differs from comparing apartments afterward, which is desk work: here you are standing inside the place with someone to ask. Worth probing: how long it has been for sale and why it is being sold, who lived there before, whether work was done and by whom, when the air conditioning and water heater were last replaced, whether there have been leaks and how they were resolved. On the condominium side: what the monthly fee is and what it covers, whether special assessments are approved or under discussion, and what the rules say about pets, renovations, and short stays. It also pays to run the taps, switch on every air unit, look under the sinks, open the electrical panel, and go see the storage room and the parking space, which is usually the last thing anyone looks at. If possible, coming back at another hour is revealing, because noise and sun change completely. Dimare Collection arranges those viewings and prepares the questions.

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.

American buyer

Moving the money is not a formality. Funds leaving a US account have to enter Colombia through the regulated foreign-exchange market with a declaración de cambio, the exchange declaration, and the Banco de la República is the body that explains how the operation is recorded as foreign investment and in whose name, because whoever sends the money and whoever appears on the escritura, the deed, must be the same person or the same company. Signing from abroad has two routes that are not interchangeable: a poder, a power of attorney, granted before a Colombian consul where you live, or one granted before a notary public and then apostilled. Which one the Cartagena notaría will accept is a question for that notaría and for the Cancillería before you pay for a translation. Visas and the cédula de extranjería, the foreigner ID card, are a separate matter from the purchase and belong to Migración Colombia: buying does not stand in for the immigration process, nor the reverse. On tax, the question to settle is whether a treaty exists between Colombia and your country and what it says about rental income and about ganancia ocasional, the gain taxed on sale. Confirm that with an accountant in each country, not with the seller.

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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