Properties for Sale

KISLEV 5779

DECEMBER 2018

JERUSALEM PROPERTIES

Looking for excellent opportunities?
Check out our New Jerusalem Projects      

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Looking for new projects out of Jerusalem?

Check out our Israel Real Estate

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 Beautiful Garden Apartment #1451

New building, 123 sqm apartment with a 180 sqm garden near the Great Synagogue and Ben Yehuda!

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In The Center Of Town  #1267

A lovely 115 sqm 4 bedroom apartment with expansion options

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 HOME IN TIVERIA

Foothold In Tiveria  #1578

Great investment or for your personal use

Small apartments NIS 250,000 - 480,000

 

 CHECK OUT OUR LONG TERM RENTALS!

NEWS

1- There is a demand for the Knesset to enact legislation to protect homeowners who own apartments on land leased from the Church. If this affects you, you can communicate with them at jerusalemchurchland@gmail.com

2- KEEP YOUR PASSPORTS - OVERSEAS BUYERS - Make sure that you keep the passport you used when you purchased property in Israel.  Should you decide to sell, having this passport will save you weeks of bureaucratic nightmare that will delay your sale!!

Know Your Finances, Know Your Neighborhoods

by Sarah Eiferman, originally published in The Jewish Press

With the instability of the stock market, more and more people are looking into putting their money into real estate.
 
Since September 11, and the rise of anti-Semitism in Europe, I have received many calls and e-mails regarding buying properties in Israel as a place “to escape to.”
In response to these as well as other inquiries, I would like in this column to give you important and relevant information regarding purchasing an apartment in Israel, as well as prices and what has been sold in the Jerusalem area.
 
Know Your Finances
The 1st step: What is your budget? This will determine what and where you can buy. Be sure of your financial backing. Do you have money now – mortgage installment? As a function of price, are you willing to buy something that needs renovation? Will this be a cash deal or are you considering supplementing your budget with a mortgage? There are specific banks in Israel that will give mortgages to foreign residents.

The 2nd step: is to decide what purpose this property will serve. Will this be a vacation home that will be used by you or various family members for a few weeks during the year? Or will this property eventually be a permanent home? Is this an investment – buying at a low price in an area that has good value and renting it out?
 
 
Know Your Neighborhoods
The 3rd step is more specific:
    a.  What areas/neighborhoods, answer your religious, cultural, social needs?
    b.  What are your physical limitations and needs? Ex. How many flights up will you walk without an  
         elevator? Without a Shabbat elevator?
    c.  How close do you need to be to public transportation/shopping/shuls? 
 
Sarah Eiferman, the owner of Eiferman Realty, has been in the real estate field for over 20 years. She is a member of the Chamber of Real Estate Brokers and her agency is a member of SHIRAN – the Jerusalem Multiple Listing Agency. 

 

 

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