Walwater - properties for sale and rental in Israel.

In Israel, both the Buyer and the Seller pay commissions to their
respective Agents. Real Estate Agents in Israel, customarily charge
between 2-3 % of the price of the property. As a Buyer, you can choose
a Real Estate Agent first or just look for properties and deal with the individual
Agent who is representing that particular property. Whichever course you
.choose, negotiations are conducted between the Agents
,Consult your Real Estate Agent for guidance in deciding on location
,type of property, understanding what is included in the Purchase Price
the length of the process, etc. Be sure and determine what is included in the
purchase price because property in Israel is sold with just the bare walls
unless otherwise agreed. Once an agreement is reached, the matter is
turned over to Lawyers. Typically, both the Buyer and the Seller have their
own Lawyers. The Lawyers do all the necessary research to determine the
legal status of the property, insure that improvements that were made, were
done with the proper permits, etc. Obviously, the price and all financial terms
are incorporated into the Agreement by the Lawyers. Upon signing the
Contract to purchase your property, you must be prepared to make a first
payment and your Lawyer and Real Estate Agent will present their bills-their
fees are due at this point. In addition, the purchase tax is also due, however
you do have a 50 day grace period to pay the tax. Coordinate this payment with
.your Lawyer

The fees and taxes involved in a Real Estate transaction can be as high as
9.65%. This includes Commissions of typically 2-3% plus VAT
(Value Added Tax) - approx. 2.34-3.48 %, Lawyer's Fees of typically 1% plus
.VAT - approx. 1.17% and Purchase Tax of 3.5% to 5 % of the purchase price

Mortgages for foreign non-residents are available in Israel. The typical
mortgage would be up to 60% of the Appraised Value, although you can also
use EMI (Mortgage Insurance) as a way to increase the amount of your
mortgage. On New Construction Projects in Israel, you can often get higher
% Mortgages than on resale property, sometimes as much as 80% of the
value. In Israel, you can obtain Dollar Linked Mortgages, Euro Linked Mortgages
and Shekel Linked Mortgages with variable or fixed rates. Contact one or more
of the Israeli Banks or Mortgage brokers mentioned on this site for further
.information about your options relating to obtaining a Mortgage

Apartment

Cottage - A dwelling on more than one level, attached to another dwelling
.with its own private entrance

.Villa - A free standing dwelling

Penthouse - The top floor or apartment of an apartment building
.oftentimes with a roof terrace

,Homes sizes in Israel are described in terms of the number of rooms
counting only the bedrooms and living rooms. In other words a 4 room
.apartment would most likely mean 3 bedrooms and a living room
.Also sizes of homes or apartments will be expressed in sq meters
1 square meter = 10.7 sq ft. If you are buying raw land, sizes will be expressed
.in terms of dunams. 1 dunam = 1000 sq meters or 9700 sq ft