For a comprehensive guide on purchasing property in Israel, please click here.
a. Determine your budget.
b. Consider obtaining a mortgage.
c. Identify preferred areas, cities, or moshavim.
d. Take into account factors such as weather, schools, community, and public transportation.
a. Create a list of properties to visit with your agent.
b. Calculate the final cost of the property, including all fees and taxes.
c. Consider factors like land tax (arnona) and maintenance fees (va'ad habayit).
a. Engage a real estate lawyer to protect your interests. Consult with your realtor for recommendations.
* It is crucial to have a lawyer specializing in real estate matters.
b. Ensure agreement on the payment schedule and delivery dates.
* Note that the developer may have a two-month grace period for delivery.
c. Sign the contract and proceed with payment and/or mortgage transfer.
d. Congratulations! You are now a property owner in Israel.
Generally, the process of purchasing property in Israel becomes less complicated with the support of experienced professionals such as brokers and lawyers. By finding a reliable real estate agent, you can navigate the entire process smoothly.