Buying in Miami from Colombia

Florida statutory law does not require buyers to hold permanent residency or a social security number to acquire residential real estate. Section 692.201 of the Florida Statutes lists seven specific foreign countries whose citizens face limitations near critical infrastructure facilities, and Colombia is not on that list. According to MIAMI REALTORS® international transaction data, buyers from Colombia account for 15% of all foreign buyer acquisitions across South Florida. Completing the purchase requires a valid Colombian passport and official bank statements showing the available funds. Carolina coordinates directly with licensed Florida title companies to ensure all contract terms protect the buyer's interests from the initial offer through the final closing.

To complete a property purchase in Miami, transaction funds must be sent from a Colombian bank account directly to the escrow account maintained by the Florida title company or settlement attorney. The Central Bank of Colombia regulates international capital investments abroad and requires foreign currency remittances to flow through authorised exchange market intermediaries with proper registration. Cash transactions and third-party wires from unlinked entities are strictly prohibited by anti-money-laundering regulations. The settlement agent delivers authenticated wiring instructions through encrypted channels to safeguard against online fraud. Retaining exchange declaration receipts is necessary for filing mandatory annual disclosures with Colombian tax authorities.

Commercial banks and private lenders in Florida offer structured foreign national loan programs tailored to international investors. These loan structures typically call for down payments between 30% and 50% of the purchase price or appraised value. Because international buyers lack domestic credit history, U.S. lenders determine qualification using reference letters from the applicant's Colombian bank, verified three-month account statements, and an income certification prepared by a licensed accountant. MIAMI REALTORS® reports show that international buyers regularly secure foreign national financing to optimise investment capital across Miami properties. Carolina introduces buyers to experienced Florida-licensed mortgage brokers to secure financing pre-qualification before submitting formal purchase contracts.

Travelling to South Florida is not mandatory to execute the closing documents. Section 117.265 of the Florida Statutes authorises remote online notarization through secure audio-video communications that confirm identity and preserve recorded closing sessions. Additionally, Section 689.01 of the Florida Statutes mandates that real estate conveyances must be signed in the physical presence of two independent witnesses. Buyers may also execute closing paperwork at the consular section of the United States Embassy in Bogotá or before a local Colombian notary followed by apostille legalisation. The title company confirms the permitted notary format well ahead of time so executed original instruments arrive prior to the disbursement deadline.