Real Estate
We will guide you safely through the entire process, from signing the sales agreement to registering your rights.
We'll get the BEST
possible result for you
Whenever I am representing a client, my first priority is to protect their interests.
Considering the complexity of the real estate market in Israel, I will conduct a thorough inspection of the property for everything that might be implied, review for you the building rights and the IBA applicable to the property, and present all pertinent documents.
As your representative, I will negotiate for you to reach the best terms while staying within our agreed timeline.
Once the transaction is completed, I will accompany you until the registration of the tabu rights and the registration of a mortgage if necessary has been completed. Keeping other assets in mind, I’ll ensure you pay as little tax as possible.
FAQ
When should you use a real estate lawyer?
It is advisable to consult with a real estate lawyer as soon as the thought of buying or selling a property arises. The lawyer will help you conduct investigations and inquiries regarding the feasibility of the purchase. He will provide significant guidance that will save you valuable time and sometimes money.
Why is it important for a lawyer to also specialize in real estate taxation?
Typically, clients turn to a real estate lawyer when they want to buy or sell a property. Real estate taxation is complex. If a real estate lawyer is not well-versed in real estate taxation, they may miss out on benefits and exemptions worth tens or even hundreds of thousands of shekels in property purchases or sales.
A lawyer specializing in real estate taxation can simulate future payments, whether selling or purchasing property, or even transferring property within the family. Specializing in real estate taxation will help you maximize profits and/or savings in the real estate sector
What makes a real estate lawyer excellent?
Most lawyers specialize in transactions or court representation.
A lawyer who represents clients in court and specializes in transactions can offer creative solutions to complex situations. Additionally, such a lawyer can anticipate risks and assess risk levels. In fact, a lawyer who handles both transactions and court representation is often seen as a ‘deal maker’. This is compared to a lawyer who deals only with transactions. Simply due to a lack of knowledge or experience in representation, a lawyer who focuses solely on transactions may sometimes compromise the chances of a deal being successful
How much capital gains tax on real estate will you pay on the transaction?
Capital gains tax on real estate is the tax paid to the State of Israel (as opposed to the betterment levy paid to the municipality) for the profit accumulated by the property you purchased from its acquisition to its sale, minus the expenses incurred for purchasing or improving the property.
Israel’s capital gains tax rate is 25%, as of November 2023.
The factors determining the amount of tax you will pay include: the type of property (residential apartment or other rights), the date of property acquisition, and the difference between the purchase value of the property and its sale value.
If you own one residential apartment used for living and you have not sold a property exempt from tax in the last 18 months, you will be exempt from capital gains tax on real estate.
Note: There are ways to reduce capital gains tax on real estate, such as showing expenses incurred on the property being sold, renovations if any, attorney fees, etc.
Should I creat a letter of agreement before signing a contract?
Under certain conditions, a letter of agreement can serve as a contract. An agreement is legally binding if there is evidence of a clear offer, acceptance, and intention by the parties to commit to each other.
Without appropriate legal protection, signing a letter of agreement can be risky. It is advisable to consult with a lawyer before signing a letter of agreement, to ensure your interests are adequately protected. A lawyer can help draft the letter of agreement correctly or recommend a more binding contract.
