Buying Real Esatate In Israel - Ten Points To Consider
by Ted Gross
On a day to day basis, I deal with many individuals who want to purchase property in Israel, though they do not live here. The following ten points were written based upon their experience in purchasing real estate in Israel.1. Be careful. Be prepared. Be informed. – It cannot be overstated or said enough. You, your agent and your lawyer should all do the homework on price, taxes, ownership of any piece of property you are interested in.2. Understanding Property - Your agent should understand and have seen the property they are representing and be in tune with your needs and requests. Always ask about why a property is costing X even if you feel it is fairly priced. Dig for information just don't accept it. Get a complete picture, one which will make your decision more informed and knowledgeable.3. Time - Don't let an agent waste your time by dragging you around from place to place without understanding your specific needs. A good agent can save you a great deal of time because they invest the time before they ever heard from you. They scour the market for new and good deals, and meet with owners and plan out time-schedules. They try to prepare as much as possible for your request way before you even knew you would call them.4. Knowledge of Market Availability - Agents should know the properties available. Not only those which appear in the paper, but those which are never advertised along “normative” routes.5. Price - A good brokerage firm can often get you a better price than you can get by yourself as they are aware of the “true” market value. And often they can be instrumental in making an owner understand that what you have offered is the best deal all around. It is in the best interest for both sides to be happy, even if the agent represents only one side of the transaction.6. Positive
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