Real estate professional column- Jerusalem Post December 2016 Real estate buyers in Israel can be divided into a few categories: The procrastinators – those who wait for prices to go down; the know it all, that bought before prices went up and “know” everything there is to know; the complainers- [...]
When is the right time to include the lawyer? Right after you agree on the price. At this stage you let your lawyer speak to their lawyer. Usualy the seller’s lawyer is the one drafting a contract, but not necessarily. What are the layers responsibilities? (Partial list) Asserting the seller’s rights in the property. Making [...]
Often I feel this is how people treat real estate: It doesn’t matter what you buy, as long as you buy real estate. Whether you just got married, made Aliyah, or want to buy an investment property in Israel, the first stages of buying real estate are always the same: Define the purpose of [...]
Real estate negotiations - Jerusalem Post Column October 2016 Jerusalem Post real estate supplement cover Last week I bought a new oven. Even though the store came highly recommended, I noticed the salesperson was trying to upsell the oven I was buying. And yet, I ended up paying the exact price I had [...]
Real estate negotiations - Jerusalem Post Column September 2016 Jerusalem Post real estate supplement cover When strolling through Machne Yehuda market you might notice a peculiar phenomenon or actually the lack of one – no one haggles over prices. Compare this to the market on Friday afternoon, and you will immediately notice the [...]
Buying a house on paper has it's advantages - mainly a higher standard of living, but also has costs associated. Though every project has it's own specifications, it's own contractor and it's own contract, there are few costs that appear across the board. 1. legal costs In addition to paying for your own lawyer, [...]
Real estate negotiations - not a zero sum game Jerusalem Post real estate supplement cover People negotiate every day whether they realize it or not. You negotiate when you discuss with your wife who will wash the dishes and who will throw out the trash, you negotiate with your friends on where [...]
One of the main issues with "Mehir LaMishtaken" is the fact that it isn't accessible to everyone. For instance: An apartment in Kiryat Motzkin that costs 950,000 NIS still demands at least 260,000 NIS for down payment and expenses, and over 4,000 NIS/Month for mortgage payments. BOI, Mortgage banks and Ministry of housing have agreed to [...]
A shared building has a leak in the roof, seeping water into the top floor apartments. The tennants ask the Va'ad Bayit to fix it, but get an answer: " we're out of miney for such a fix, you may do it yourself if you want." A tenant in the building wants to put [...]
Everyone know what are mortgage guarantors: family or (very) close friends that are willing to co-sign your mortgage, and share some of the risk. Everyone, except the Israeli banking system. After too many stories of guarantors that disappeared leaving their friends and family in a dire financial situation, the Israeli regulators have decided to put [...]
