a. Calculate your budget.
b. Consider taking a mortgage
c. Think of preferred areas, cities, or moshavim
d. Consider weather, schools, community, public transport, and so on.
a. Make a list of properties to visit with your agent.
b. Calculate the final cost of the property, including all the fees and taxes.
c. Take into account land tax (arnona) and maintenance fee (va’ad habayit).
a. Get a real estate lawyer to represent your interests. Ask your realtor if you don’t know any.
* It is very important to have a lawyer specializing in real estate.
b. Make sure you agree with the payments schedule and the rendering dates.
* Keep in mind that the developer is allowed to delay the rendering by two months.
c. Sign the contract and transfer the payment and/or the mortgage
d. Congratulations; you now own a property in Israel!
Generally speaking, buying a property in Israel is not complicated if you have the right people – brokers and lawyers by your side. All you have to do is find a good real estate agent, and he will lead you through the whole process.