It is possible to make beautiful real estate transactions in Israel whether for a professional or an individual.
But we must be vigilant.
The property proposed for purchase must be verified: quality of registration, existence of mortgage or unfortunately, seizure or judicial or administrative order, verification of the residential tax and the planning tax.
It is also necessary to check the taxation of the transaction before the signature of the contract for an optimal use of tax relief (single apartment, purchase of an apartment or a commercial property by a new immigrant, reduced rate for the purchase of a tax- A commercial property …).
The fact of paying a large part of the price at the signing of the contract often allows to obtain a reduction of the price.
After the signature, the acquisition will have to be protected by informing the official registers and following up the transaction. The lawyer sometimes intervenes for certain services related to mortgage credit. The lawyer accompanies his client until the registration of the rights in the appropriate registers.
In the nine, legal follow-up is more complex. Contracts are easily 30 pages long. We must ensure that legal and financial standards are adhered to in this area.
The sale of real estate in Israel also requires a good knowledge of the legal and tax advantages (exemption from the tax on the capital gain or partial exemption) and possibly negotiation with the tax services.
Naftali RUBIN Law Offices and Notary 2017 ©