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STEP BY STEP GUIDE

Your Journey to Owning Property in Israel: A Step-by-Step Timeline

Embarking on the path to owning property in Israel is a significant and rewarding
endeavor.

At MISHKAN ISRAEL, we are committed to guiding you through each phase with expertise and personalized care. Below is a detailed timeline outlining the
process:

WEEK 1

Initial Consultation and Goal Setting

  • Define Objectives: Clarify your purpose, be it personal residence, investment, or vacation property.
  • Budget Planning: Assess your financial capacity, including available funds and financing options.
  • Engage Our Team: Partner with MISHKAN ISRAEL to leverage our comprehensive services, including real estate expertise, legal counsel, and community integration support.

WEEKS 2-4

Property Search and Selection

  • Market Research: Utilize our insights to explore neighborhoods that align with your lifestyle and investment goals.
  • Property Tours: We arrange virtual or in-person viewings, providing detailed information on each property.
  • Shortlisting: Narrow down options based on your preferences and our professional recommendations.

WEEKS 5-6

Due Diligence and Legal Review

  • Title Verification: Our legal team ensures the property’s title is clear and free from encumbrances.
  • Compliance Checks: We confirm adherence to zoning laws and verify all necessary permits.
  • Property Inspection: Conduct thorough assessments to identify any structural issues or required repairs.

WEEKS 5-7

Financing and Financial Planning

  • Mortgage Assistance: We guide you through securing financing, exploring options available to non-residents.
  • Tax Consultation: Our experts explain tax obligations, including Purchase Tax (Mas Rechisha) and ongoing property taxes.
  • Currency Management: We advise on currency exchange considerations to optimize your investment.

WEEKS 7-8

Contract Negotiation and Signing

  • Drafting Agreements: Our attorneys prepare the purchase contract, detailing terms, payment schedules, and contingencies.
  • Negotiation: We represent your interests to secure favorable terms.
  • Execution: Facilitate the signing process, ensuring all legal formalities are meticulously handled.

WEEKS 8-9

Payment and Tax Settlement

  • Fund Transfer: Coordinate the transfer of funds in compliance with Israeli regulations.
  • Tax Payments: Assist in calculating and remitting applicable taxes within the required timeframe.

WEEKS 9-10

Property Registration and Transfer of Ownership

  • Land Registry Filing: Submit necessary documents to the Israel Land Registry (Tabu) to officially record your ownership.
  • Confirmation: Obtain the deed confirming your legal ownership of the property.

WEEKS 10-12 and beyond

Post-Purchase Support and Community Integration

  • Relocation Assistance: Provide resources and support for your move, including logistics and settling-in services.
  • Community Connection: Facilitate introductions to local communities, aligning with your cultural and social interests.
  • Ongoing Support: Offer continuous assistance, addressing any property management or community-related needs.
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