Real estate in Israel is
ripe and booming. Both residents and foreigners are keen on investing
in Israeli real estate. It not only broadens their investment portfolio,
but also allows them to gain from a booming economy. However, to buy real estate in Israel, it is advisable to hire a real estate lawyer, who can take the legal hassles away.
Importance of a Lawyer
Here are the ways in which the real estate lawyer can help you at different stages of the real estate investment.
- The lawyer helps its clients to ask the appropriate questions including date of possession, terms of payment, etc with the seller or agent.
- A legal procedure needs to be followed to buy real estate in Israel. Gaining an understanding of this is mostly challenging. The lawyer is well versed with these and helps clients with the legal procedure.
- The lawyer clarifies the legal status of the investor; whether he is a foreigner or resident of Israel and then educates them about the tax laws, rights, and others in accordance with their legal status.
- The lawyer helps in checking the current status of the said property. He will help to check whether the property is sold, its outstanding mortgages, liens, or others. This helps in protecting the client’s interests as a buyer.
- Signing the purchase deal is not enough. A whole lot of paperwork is involved after the deal is signed. For instance: the notice of the transaction must be sent to the tax authorities. Final confirmation of the receipt or exemption of tax must be received. Understanding these is overwhelming for a new investor. Hiring the services of a reputed lawyer removes the burden of paperwork from the investor’s shoulders.
- The lawyer is capable of troubleshooting problems of various kinds at all stages of the buying process.
However, to handle all these, it is essential to hire the services of an experienced Israeli law firm like Aharoni law.
For further details, contact them at www.aharonilaw.com