Real Estate Purchase and Sale in Colombia: Steps and Recommendations

Buying or selling a property is one of the most important financial decisions. Understanding the process and the key documents allows you to do it safely and avoid future problems.

Essential property documents

• Certificate of title and freedom: proves who the owner is and that the property is free of liens or seizures.
• Property tax clearance: verifies that there are no outstanding property tax debts.
• Utility bill clearance: confirms the status of the property's utility accounts.
• Cadastral and property registration: officially identifies the property.

Steps of the purchase and sale

1. Verify the property

Before signing, it is advisable to review the title certificate to confirm that the seller is the owner and that there are no encumbrances.

2. Pre-sale agreement

This is the contract by which the parties commit to formalize the sale on a certain date. It may include payment of earnest money or a deposit.

3. Public deed

The transfer of ownership is formalized through a public deed granted before a notary.

4. Registration

The deed must be registered at the Registry of Public Instruments so that the property is held in the name of the new owner.

5. Delivery and clearances

Finally, the physical delivery of the property is made and the corresponding clearances are provided.

Recommendations

• Always verify the certificate of title and freedom.
• Have a lawyer review the pre-sale agreement before signing it.
• Confirm that there are no debts associated with the property.
• Always formalize the sale through a public deed and its registration.

At AJIN we advise you on the purchase and sale of real estate, reviewing the documentation and accompanying you at every step of the process. Contact us.