House in Poleg, Netanya

Ramat Poleg
Rooms:
7
Size:
250,00 м²
Entrance:
flexible
Bathrooms:
3
Garden:
100,0 м²

Private house in Ramat Poleg. Unit in the basement with a separate entrance

$1 867 000
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How to buy property in Israel?

For a comprehensive guide on purchasing property in Israel, please click here.

1) Preparing:
   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.

2) Search:
   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).

3) Contract:
   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.

How to reduce costs buying property in Israel?

One of the most effective ways to save money is by working with a trusted and experienced real estate agent. By doing so, you can benefit in multiple ways. A reliable agent will not only save you valuable time and money but also provide you with the necessary guidance and support throughout the entire process. Their expertise and knowledge of the market will help you make informed decisions and negotiate the best deals. Partnering with a professional real estate agent is a smart investment that can lead to significant savings and a smoother overall experience.

Ready to save some shekels? Contact us here!

How to get a mortgage in Israel?

1. Consider opening a bank account in Israel, although it is not mandatory, as it may facilitate the mortgage process.
2. Submit a mortgage application, providing the necessary documentation based on your country of origin, such as identification, bank statements, income details, and more.
3. Obtain pre-approval (ishur ikroni). Remember that the ishur ikroni has a specific validity period.
4. Arrange for life and property insurance. Once the mortgage application is submitted, the bank will typically require the buyer to obtain life and property insurance.
5. The mortgage funds will be transferred to the seller's account in accordance with the terms specified in the contract.

To ensure a smooth and advantageous mortgage experience, we highly recommend seeking assistance from a mortgage broker who can guide you through the process and help you secure the best terms possible.

Click here to read a comprehensive guide for mortgage in Israel

How much can I borrow for a mortgage?

For Israeli residents with a local income source, it is possible to borrow up to 75% of the property value when purchasing their first or only property.

Investors and foreign residents generally have the option to borrow up to 50% of the property value.

However, it's important to note that in certain situations, these amounts may be increased.

What are the mortgage rates in Israel?

On average, interest rates for mortgage loans in Israel are around 3% for loan periods exceeding 25 years. The specific rate depends on various factors such as the loan duration, borrower's age, income, and the percentage of financing.

As a rough estimate, for every 100,000 NIS borrowed, the monthly payment would be approximately 450-500 NIS.

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