Purchasing a property in Israel is considered a long-time investment that starts long before a person receives the key to his new home. Before purchasing real estate, a person has to search for an ideal real estate property, fit all the seller’s needs, agree to the terms, renovate and go through all bureaucratic reasons such as approval of the mortgage. In most cases, you need the professional help of a property lawyer in Israel, especially if you are buying a second-hand apartment or house.
The directing professional who helps you prepare property documents is a real estate lawyer. He provides knowledge, tools, and meditation between both the parties alongside guidance and professional advice.
Are you thinking to purchase a property in Israel? Here is how to choose a property lawyer
The great number of lawyers in Israel open the opportunities for buyers and sellers to choose their preferred lawyer in the field of property. Despite the growing profession of law in the country, not every lawyer is a property lawyer. To become a real estate expert, a lawyer must have accurate yet specific field knowledge.
To become a property lawyer in Israel, you need specialization and professionalization in real estate to assist your clients in the best possible way. Israelis are known to be experts when it comes to shortcuts and savings. Therefore, a property lawyer must be well-versed in all the property laws in Israel.
Each one of us will prefer consulting a family member or a friend to purchase a property so that the process can go ‘smooth’ as planned. As a result, many people hire unprofessional lawyers and set false hopes of purchasing the property easily.
Due to a lack of knowledge about property and tax laws in Israel, the property price blows up and the buyer has to pay a lot more than imagined.
Therefore, it is important to lead a good deal from the start with the help of a professional property attorney. With his assistance, you won’t have to face bureaucratic consequences.
A property attorney takes care of your property interests and puts away all the bureaucratic obstacles while ensuring and checking that the whole process is done following the Israeli property laws.
In addition to that, a property lawyer tries to avoid any situation that might lose you money while purchasing a property.
What steps is a property lawyer in Israel obliged to perform?
Before signing any property deal with the other party, a property lawyer must discuss the risks and advantages with the client while assessing the deal from every angle. He investigates the following factors:
- Who is the seller at the event of purchasing the property?
- Who is the contractor?
- What’s the current status of the property’s rights?
- Is it possible to build property if the buyer is purchasing land?
- Does the buyer have all the necessary approvals and orders?
- What’s the exact and formal description of the real estate property?
Purchasing a second-hand property
Every penny that you save to buy a second-hand property, apartment, or flat comes from the desire to have a roof over your head. You must calculate and assess all the risks with regard to the overall cost of purchasing a second-hand real estate property.
With the help of a property lawyer in Israel, you can improve the certainty and minimize the possible transaction risks. A lawyer in Israel will help you sign a fully-assessed sale contract that will not put you in dangerous situations.
A property lawyer must examine each detail of the contract, such as the deliverance date of key, payment method and the payment dates to ensure you’re getting the property of your dreams.