1. Deciding on Location
• Deciding on a location should include deciding what the property will be used for
(Investment or live in)
• For investment properties choosing the correct location is important. Things to
consider, ability to rent out, growing area, close to main roads, etc. get info from Dion
and Shosh
• For primary residence look to be close to your contemporaries. Different peer groups tend to cluster together in certain areas. The services in these areas will cater to your
needs
• For primary residence Check out local shopping, buses, schools, parks & synagogues to insure they are compatible with your lifestyle
2. Type of property
To save time, make a checklist of crucial features you require and communicate these to us.
Important matters include maximum number of steps, Shabbat elevator, balcony (succah), garden, readiness to renovate, local area noise, parking, storage, etc.
Once you have decided on the type, size & location of property you want, it is time to talk about prices, mortgages, and costs. Consider that fees and taxes will add to the price of the property.
We will then prepare a short list of properties that meet your requirements
3. Negotiations
Negotiations may be simple or complex according to the issues involved with a specific property
and depending on the respective personalities involved in the transaction.
We will act to facilitate
the transaction, leaving you satisfied with the terms of the deal.
Buyer's Cost
• Purchase Tax for non-residents: 8-10%
• Taxes for a new Olim and or Israeli citizen depend on the property being purchased.
• Agency Fees: 2% plus VAT (sales tax/VAT)
• Lawyer: 0.75 % - 1.25% plus VAT
• Mortgage Broker: 1% of the loan amount plus VAT
• Summary of estimate Purchase Costs