International Real Estate

[Daniel Forero Pineda]

Hi everyone, my mother has recently decided to sell a condo overseas in Risaralda, Colombia. The only efforts taken to sell this property so far have been listing with multiple local realtors and telling friends and family in the area about the condo for sale, offering a finders fee for whoever is able to find a buyer.

I am using this opportunity as a chance to practice my ability to market & sell real estate, and perhaps win myself the commission.

I am not aware of any central marketing systems in Colombia similar to the Multiple Listing Service, and craigslist doesn’t exist in Colombia either. I am not sure what else I can do to sell this property. I am wondering whether it could it be priced too high, if we are not marketing to the right crowd, or if the property’s neighborhood is in a buyers market.

Please feel free to share any thoughts, tips, or prior experience you might have with international property!

PS, the property is newly built in 2016, it is a 2/2 with washer/dryer, parking, and a pool & spa. I would personally love to live here, so I am confused as to why it’s not getting much attention!