ABCs to buying a home

Step one is to create a budget, how much can you put down on a property, this will help to determine what you can buy? If you are making Aliyah you can get a mortgage for 70% if you are not, then you need to come up with 50% down payment. Plus, there are closing costs at the signing of your contract they include: taxes, brokerage, mortgage broker, appraiser and lawyer. These costs can add up to 10% above the purchase price. 

Your next decision is to decide what kind of community you want to live in and where in the county can this be found?  Issues to consider include proximity to: friends and family, climate, schools, religious and cultural establishments, shopping, transportation, and parks.

Once you have chosen a community, we can help you identify the right home by creating a list of priorities, including apartment size, elevator, steps, parking spot, sukkah porch, garden, views, etc.

Once we help you find your dream home, we will help you retain an engineer to inspect the property and determine whether significant repairs will be required. If you are considering doing renovations, we can help you obtain estimates from quality builders before you submit an offer.

We will negotiate the deal terms on your behalf, including: determining what appliances and fixtures will be included in the sale; establishing a payment schedule; resolving timing issues, including closing and occupancy dates; and reaching an agreement on price.

We will help you choose a talented English speaking attorney with real estate expertise. There are many legal issues to be addressed; a good lawyer is worth her weight in gold. We can guide you in choosing a bank or mortgage broker. We can also connect you to reputable insurance companies and introduce you to management companies to look after your home when you are away and, if you’re interested, rent out your home either on a long- or short-term basis.

Our compensation is the standard brokerage fee of 2% of the sales price plus VAT, and we will hold your hand through every step of this process. Please note that post-acquisition services, such as management and leasing, will incur additional fees.