How do agency fees work when selling in Morros 3?

Sell property in Cartagena

Real estate fees when selling in Morros 3 Here is what changes in this sector and what to have ready before going to market.

What matters is not the amount charged but how the arrangement is structured, and that belongs in writing before work begins. Three things need defining. First, the base on which compensation is calculated: whether it rests on the closing figure or the asking figure, whether it covers the property alone or includes furniture and other assets, and how currency is handled when the buyer pays from abroad. Second, when it is earned and when it is paid, which do not always coincide, and what happens if a deal collapses after the purchase promise is signed. Third, what is included and what is billed separately: promotion, photography and video, notary and registry costs, transaction taxes, and legal services, which in Colombia are provided by Nisimblat Law. It is also worth settling whether the engagement is exclusive, for how long, what happens if a buyer reaches you directly, and how compensation is shared when another intermediary takes part, including allied brokers abroad. A clear agreement removes nearly every argument that arises at the end.

What Morros 3 is, and what changes there

This is one of the numbered developments within the Morros and Manzanillo corridor, the coastal stretch of closed residential complexes north of the airport. Numbered names in this band usually signal successive stages or related phases by the same promoter, which matters as a product distinction: different stages of a single development can differ in age, in the shared areas they include and in how far they sit from the shoreline, even when they carry a common name. In every case what is acquired is a unit under the condominium regime, with collective ownership of common areas and an assembly setting dues and rules, so the file that governs the decision is the building's own. The characteristics of this particular stage, whether it is finished or still being built, and whether anything in it can be offered are determined one at a time from current documents rather than from the name. What surrounds it along this band is also uneven, with built complexes beside parcels at earlier stages, and seasonal use of a unit depends on the rules adopted inside that specific condominium.

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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