What is the best For Sale By Owner property web site with properties in Colombia
Colombia can be found in the northwestern region of South America, and is famed for having two coastlines, with one on the Caribbean Sea side and the other on the Pacific Ocean side, which gives real estate investors and private property buyers choices of location.
Key investment locations in Colombia are Bogotá, the capital city of Colombia, Medellín, Cartagena, Barranquilla, Cali, and Santa Marta.
Colombia has several countries with borders that are Venezuela to the east, Brazil to the southeast, Peru to the south, Ecuador to the southwest and finally Panama to the northwest.
Popular areas of Colombia with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Is there a FSBO (For Sale By Owner) property web site in Colombia?
The reasons why investors usually buy cheap property for sale by owner in Colombia (FSBO) is because this can offer some unique advantages, but it also comes with some risks.
Buying cheap property for 'Sale by Owner' is usually down to a lower price, there are No Agent Fees, as sellers often price FSBO properties lower because they're not paying a real estate agent commission which can be 5-6% of the sale price.
As a buyer or investor, there may be room to negotiate a better deal directly with the owner, which may allow for more flexible terms and quicker and easier negotiation.
If the property is undervalued due to being in poor condition or in a transitioning neighborhood, renovate to hold and build equity over time could be viable.
FSBO properties are often marketed less aggressively, meaning fewer buyers may be aware of the listing, and these properties are ideal for investors or looking to buy at a low price as FSBO deals are often below market value when requiring attention.
Often the question would be what is the best for sale by owner property web site with properties in Colombia, where owners can sell direct to international investors, and the answer is yes with IPD, a leading listings portal. But with FSBO there is a higher risk of errors in paperwork or missing disclosures can though occur, so due diligence is required at all stages, and hiring a real estate attorney for the legal aspect is essential.
If you are an experienced buyer or investor, have cash on-hand or good options on financing, buying cheap property in Colombia that is for 'Sale by Owner' can be an option.
