This video is for general educational purposes only and should not be viewed as specific tax, legal or investment advice.
I was thrilled to host Mickey Levine, a legal expert who specializes in real estate, for our third episode of Aliyah Money Talks! We discussed the process of buying a home in Israel. Scroll down for a full list of topics covered.
To see more from Mickey, check out his Website, Facebook and LinkedIn.
Main topics discussed
- 1:18 – Buying a home on paper vs. the secondary market
- 3:55 – What protections can be put in place to stop the contractor from delaying construction indefinitely
- 6:40 – Is there an advantage to buying before Aliyah?
- 8:20 – What does it mean to “make an offer” and how is the process different than in the US?
- 10:00 – Should you sign a memorandum of understanding (MOU)?
- 12:45 – Once the buyer and seller agree on a price, what are some of the details the lawyers will be working on?
- 15:57 – What are some of the things the buyer should be working on while the lawyers are working on the final contract?
- 18:00 – Should you get the property you are buying appraised?
- 21:00 – Different methods for bringing in money from overseas and currency exchange?
- 27:30 – What does a typical payment schedule look like?
- 30:50 – Summary for calculating purchase tax
- 34:50 – Purchase tax benefit for Olim
- 36:50 – When is purchase tax due?
- 38:55 – What is the process for registering the home in the buyers name?
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I help Olim make more confident decisions by sorting through the complexity around personal finance in Israel and delivering a well organized path forward.
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