Buying a home in Israel is a big dream. To make sure it doesn’t turn into a nightmare, take a good, deep look at yourself and your situation before you buy.
Answering this inventory is an excellent first step. Then follow up by discussing your answers with your EIFERMAN PROPERTIES agent. Together you will put together an accurate picture of your Jerusalem Israel real estate requirements.
What is the purpose of this property? Investment? Vacation? Permanent home?
What are your priorities? Location? Budget? Property’s physical features? Profit potential?
What factors (people, etc.) are part of your decision?
Can you visualize how a property would look after renovations? Are you prepared to go to the effort of renovating a property to your personal taste, or would you prefer to buy “move-in” condition?
Are your priorities and needs in agreement with those of your buying partner/spouse/family?
KNOW YOUR NEEDS:
What is the population make-up in the area where you want to purchase?
Are there people you and your family can relate to?
Where are the places of worship that you will be comfortable in?
What kind of Shabbat and Yom Tov atmosphere are you seeking?
What and where are the places that you enjoy going to?
What are your physical needs and capabilities? Your family’s?
KNOW YOUR FINANCES:
Will this be a cash deal? Do you need to sell another property or other assets in order to purchase?
To subsidize this purchase, are you planning to take out a mortgage in Israel or where you live currently? Where will you get the best deal? How much mortgage can you realistically/comfortably handle?
Are you aware of different financial options that can make a difference in your budget?
KNOW YOUR PROFESSIONALS:
Are you choosing professional resource people wisely? Are they licensed and experienced in Israel?
Have your Real Estate Agent, Lawyer, Accountant, Banker, Engineer, Architect, Interior Designer, and Contractor explained the differences between property purchasing procedures in Israel and in your native country?
KNOW YOUR TIME FRAME:
How much time can you invest in searching for and buying a home?
When will you need this home?
We at EIFERMAN PROPERTIES are here to help you find the answers to all your Israel real estate questions. Let’s make your dream of owning a home in Jerusalem a reality!