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Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts

The road less settled: 8 reasons to consider living in the REST of Israel.

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I love Israel – absolutely every inch of it.  But as you may have noticed, we’ve made the decision to live outside of the centre of the country.

Not that I’m knocking the centre of the country – it’s great.  I love it, and I travel there regularly.

But there is life for English-speaking olim beyond Yerushalayim and Tel Aviv, Raanana, Rechovot and Beit Shemesh.  With that in mind, here are eight great reasons why (whether you’re here already or thinking of aliyah) you really ought to consider the REST of the country…

1) It's ALL holy.

It says in Kesuvos 112 that “anyone who walks four Amos in Eretz Yisrael is guaranteed a share in the world to come.”  Now, there is some dispute about the Biblical boundaries of the country, and so some bits of desert around Eilat may not count.  But the fact is that the mitzvah is to live here in the country itself, on the holy land Hashem gave to Avraham Avinu.  Not just one or two selected cities.

2) It's not THAT far away.

Seven things you MUST know before renting an apartment in Israel: an essential guide for new olim.

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Before you think about signing a lease for your first apartment in Israel, here are seven essential questions you MUST ask.  Make sure you know the answers before you put pen to paper.

  1. Can a realtor help me?  Maybe yes, maybe no.  In some areas, a realtor for rentals may be hard (like outside the centre of the country).  If you do find one, they generally charge a fee of one month’s rent.  We couldn’t find a realtor, but in the end, I found our place easily on “Yad Shtayim,” one big website for secondhand goods and real estate.   I used Google Translate for terms and descriptions I didn’t understand and Google Maps to help me understand where each apartment was.
  2. Who owns the apartment?  Unlike in the U.S. and Canada, buildings aren't usually centrally owned, so each apartment in a building has a different owner.  Most buildings have a "Vaad HaBayit" (Building Committee) to make sure central expenses get paid and central issues (like painting and cleaning) are dealt with.  Ask, because this is extra on top of your rent.
  3. Are appliances included?  Usually not.  Unfurnished apartments don't include appliances like washer, fridge, stove.  You will probably need to buy these when you move into your first apartment in Israel (measure first!!!).

What You Must Know: Purchasing And Selling Real Estate In Israel

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I get asked about real estate surprisingly often given that I know nothing.  So I’m sharing this guest post by a lawyer who knows all the ins and outs of Israeli real estate market.

Since laws change quickly, please don’t take this as legal advice.  Check everything you’re not sure about with your own lawyer before you make any major decisions.  Except the decision to read this article, of course.  You have my permission to do that without consulting a lawyer.  :-)

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This article is the first of two that will cover the various aspects of buying real estate in Israel. The first article will provide a general overview of the Israeli real estate system, the major differences between transactions in Israel and the United States, and the most important considerations in such a transaction. The second article will cover special issues when the property is new and being bought from the contractor, and also taxation associated with purchasing and selling property in Israel.

 

What type of property are you buying?

“each type of land involves a slightly different purchase process”

There are two types of property in Israel: privately-owned (private land) and state-owned property administered by the Israel Lands Administration ("Minhal"). Private real property, like in the U.S., is owned by the buyer with title vesting in him. Land is registered in the land registry (Tabu) under the name of the buyer. On the other hand, title to Minhal property does not pass to the purchaser. Instead, the buyer gets a long-term lease to the property which is usually for 49 years with an option for an additional 49 years. Over 80% of the land in Israel is Minhal land, so the buyer should not be deterred from buying it. However, private land is often viewed as preferable. As each type of land involves a slightly different purchase process, one of the first things to check is whether the property is private or Minhal.

 

Choosing an agent

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