FAQ
Answers to the questions clients ask most.
How do I buy an apartment in Bogotá?
Set your budget and payment method (own funds, mortgage or housing leasing), visit the properties you like and check their legal status: certificate of tradition and freedom, building-administration clearance and taxes. If you reach an agreement, a purchase promise is signed, followed by the public deed at a notary and its registration at the public registry. Consider consulting a lawyer or adviser before signing.
What documents do I need to buy?
It depends on the seller, the lender and the property. Usually: ID, income proof and statements if you finance, and for the property the certificate of tradition and freedom, the deed and the property-tax and administration clearances. Confirm the list with your notary or bank.
What documents do I need to rent?
Usually ID, employment or income proof, references and, depending on the landlord or insurer, a co-signer, guarantor or rental insurance. Each landlord sets its own requirements.
What is estrato?
A 1–6 classification that municipalities assign to homes based on physical features and surroundings. It is used to charge public utilities with subsidies or surcharges. It does not measure a property’s quality or guarantee its market value.
What does administration include?
It is the monthly fee of the condominium for shared costs such as security, cleaning, common-area and elevator maintenance, and insurance. What it covers varies by building: ask for the by-laws and the latest clearance.
How is the price per m² calculated?
Divide the property price by its area, stating whether it is built or private area. Example: COP 480,000,000 ÷ 75 m² = COP 6,400,000 per m². It helps compare properties but does not replace an appraisal.
What is a purchase promise (promesa de compraventa)?
A preliminary contract in which buyer and seller agree to complete the sale on a set date and terms (price, payment, deposit). The sale is completed with the registered public deed.
What is a certificate of tradition and freedom?
A document from the public registry showing a property’s legal history: owners, mortgages, liens and other limitations. Review it before buying.
What is propiedad horizontal?
The legal regime (Law 675 of 2001) for buildings and complexes with private units, such as apartments or shops, and common areas. It sets the by-laws, assembly, administration and fees.
What are VIS and VIP?
Social-interest housing (VIS) and priority-interest housing (VIP). They have price caps set by law in minimum wages and may qualify for subsidies if requirements are met. Always check the current caps.
How do I list or sell my property?
Tell us the property type, location, area and expected price through the contact form or WhatsApp. We review the information and photos before publishing.
How do I estimate a property’s yield?
Gross yield is annual rent divided by purchase price. For net yield subtract administration (if the owner pays it), property tax, maintenance and vacant months. These are estimates, not guaranteed results.