Buying real estate in Israel is an adventure and there are very specific rules to ensure this beautiful story doesn't turn into a nightmare.
1- I get a first idea of the local market
2- I establish my budget
being realistic and
I verify my borrowing capacity
Example: I have 250,000 euros, which is 1,200,000 shekels and I can repay 4,000 shekels per month thanks to the rent I will be able to collect from the property I buy (or that I am ready to pay per month if I live there myself). So I can borrow 600,000 shekels, I therefore have 1,800,000 shekels for my acquisition.
My 1,800,000 shekels must therefore = apartment price + agency fees + lawyer fees + acquisition tax + simple coat of paint, so the apartment price must not exceed 1,600,000 shekels.
Indeed, 1,600,000 shekels + 37,000 agency + 18,000 lawyer + 128,000 acquisition tax = 1,783,000 shekels, which leaves 17,000 shekels for the coat of paint and miscellaneous expenses (appraisal, bank file opening fees).
3- I therefore define soberly
my needs
4- I
protect myself:
I contact one or several lawyers
5- I contact an agency and I visit
6- I negotiate
7- I
am scared to death,
I hesitate...
8- I sign
9- I rush to the bank
10-
I go back
home
mézouzot
Hanouccat Habaït
The race is over
I have finally realized my project!
Sources: A solid experience forged daily, a good knowledge of the market and local reality, a competent and recognized team, a loyal and wonderful clientele.
