CM Legal has guided numerous real estate transactions in recent years, from the purchase and sale of apartments in urban centers in Colombia to the purchase of lands and farms in rural areas.
Real estate transactions in Colombia have some pitfalls and peculiarities that make legal advice very useful. Many times, a careful review of the property documents reveals inconsistencies that must be clarified before purchase. Additionally, the notary public legalizing the purchase and deed of sale is not obliged to investigate and verify the full legal history of the property. Therefore, this review is of the utmost importance and is the obligation of the buyer and/or his or her lawyer. Also, the financial management of the purchase must be carefully planned from the beginning, especially for a possible resale at a later date, the subsequent application for an investor visa, and for efficient tax planning.
Good preparation and problem prevention are essential in real estate transactions. However, should legal disputes arise, CM Legal will provide all necessary support.