Frequently Asked Questions
FAQ
IMPORTANCE OF WORKING WITH A LICENSED REAL ESTATE AGENT
A qualified, licensed real estate agent has your best interest in mind and does more than just helping you find a property. He or she has familiarity with the market activities, is there to educate, inform you on the location which you are considering, provide sound advice, connect you with the right professionals and guide you throughout every step of the process.
WHAT WE OFFER
Focus on you
It’s all about you. We take time to fully understand your requirements and needs from the kind of property, neighborhood, amenities, budget, to any other concerns you may have and guide you every step of the way
Expert Guidance
Many find the process of moving to a new location unfamiliar and confusing. With having Davidson team by your side, you can be confident in having someone local who speaks your language and can translate the culture of local real estate to successfully locate, negotiate, and purchase your dream house or that unique investment property.
Locations
Learn more about places in the city that match your lifestyle, budget, and needs. Our team’s in-depth knowledge and expertise help you get the answers you need to make an educated decision.
Financing Advice
There are several ways to complete a property purchase. Our associate experts would be at your service to advise you on various financing options and recommend financial institutions that best suit your needs.
Professional Network
Tapping into our relationships with a range of real-estate-related professionals, we can assist our clientele with various services, including business, legal, tax specialists, mortgage advisors, architectural engineers, construction contractors, interior designers and other experts who have a proven track record and an outstanding reputation.
EXPECTED TAXES AND FEES WHEN PURCHASING A HOME IN ISRAEL
Purchase Tax (Mas Rechisha)
Israel’s property purchase tax for residents and foreign buyers is computed on a gradual basis. Rate ranges between 5-10% of the property contract price. Purchase taxes must be paid within 60 days of the purchase date.
For New Olim, a reduced purchase tax rate ranging between .5% – 5% applies.
Real Estate Broker’s Fees
The customary real estate broker’s fee in Israel is payable by each side of the transaction (both seller and buyer). It is 2% plus VAT of the purchase price of the property. The payment is due upon the signing of a binding agreement. A professional agent will save you more money than he or she costs, as they have a wealth of experience which will help you make the right decisions.
Legal fees
The legal fees depend on the lawyer plus the size of the transaction and can range between .5%-2% of the purchase price, plus VAT
Caesarea registration fees
Property purchased in Caesarea is subject to approximately ₪1,000 NIS in filing fees.
Home Inspection fees (Optional)
Prior to finalizing the purchase contract, it is highly recommended to have the property inspected by a licensed and reputable engineer to fully evaluate the condition of the house structure and identify any defects. The home inspection cost range between ₪1,500-3,500 NIS.
