Apartment Purchase
Apartment Purchase
Purchasing an apartment is one of the most important financial decisions in life. It is a complex transaction, including legal, economic, and planning aspects that require careful examination and in-depth professional knowledge.
A small mistake at an early stage can cause heavy financial damages, delays in the registration of rights, and even a significant financial loss.
Therefore, it is important that every apartment buyer enlists the help of an experienced real estate attorney who will personally accompany them throughout the entire process.
Adv. Shai Shalom, an expert in real estate transactions, provides close support, full transparency, and security in all stages of purchasing an apartment – from the preliminary checks to the final registration in the Land Registry Office.
Before signing a contract, it is important to perform a comprehensive legal and planning inspection of the property.
Adv. Shai Shalom checks the Land Registry extract, verifies the seller’s identity, and examines whether there are any attachments, warning notices, mortgages, or third-party rights.
In addition, he checks the physical and planning status of the property – whether there are any building deviations, illegal additions, or future urban plans that may affect the value of the property.
A thorough examination at this stage prevents costly surprises and ensures that the apartment can indeed be purchased legally and safely.
The negotiation stage is the heart of the transaction.
Adv. Shai Shalom represents the buyer and manages the negotiation with the seller or their attorney, aiming to reach agreements that ensure the buyer’s rights throughout the entire process.
He examines the economic conditions, schedules, and securities offered by the other party, and formulates legal solutions that protect the buyer from risks.
The goal is to create a balanced transaction – fair to the seller but primarily safe for the buyer.
The purchase agreement is the central legal document in the transaction.
Adv. Shai Shalom ensures that all clauses are worded accurately and clearly, that the contract includes realistic schedules, orderly payment terms, and sanctions in case of breach of obligations by the seller.
He ensures that the contract protects the buyer in cases of delayed delivery, defects in the property, or non-compliance by the seller with the promised conditions.
His goal is to prevent a situation where the buyer pays without receiving full protection for their money and the property.
Purchasing an apartment involves transferring large sums of money, so it is important to ensure that the funds are protected at every stage.
Adv. Shai Shalom manages the payments through a dedicated trust account, so that the money is transferred to the seller only after meeting the conditions stipulated in the contract.
At the same time, he examines the guarantees and securities provided by the seller or contractor, and ensures that the buyer receives a legal bank guarantee – especially when purchasing a new apartment from a contractor.
Professional management of the financial aspect prevents risks and ensures peace of mind for the buyer throughout the transaction.
When purchasing a new apartment from a contractor, the importance of professional legal support increases several times over.
Adv. Shai Shalom examines the sales contract submitted by the contractor – a long and complex contract usually drafted in their favor – and ensures that the buyer receives the full protections they are entitled to by law.
He ensures that the contractor is legally registered, that the project is approved with a valid building permit, and that the contract includes guarantees under the Sale Law (Apartments), compensation for delayed delivery, and a commitment to repair defects.
In addition, he ensures that every amount paid by the buyer is accompanied by an appropriate guarantee until the actual delivery of the apartment.
Purchasing an apartment also includes a significant taxation aspect, primarily purchase tax.
Adv. Shai Shalom advises his clients regarding tax brackets, checks eligibility for exemptions or reliefs (such as a single apartment buyer or eligibility under government programs), and handles all the required reports to the tax authorities.
In addition, he ensures that the transaction is reported on time to avoid unnecessary fines or interest.
Proper management of the tax issue saves thousands of shekels and prevents mistakes that may delay the registration of rights.
After completing the transaction and paying the full consideration, the stage of registration of rights in the Land Registry Office arrives.
Adv. Shai Shalom takes care of all the technical and legal aspects involved in the registration – from obtaining the necessary approvals (purchase tax, municipality, bank), through signing the transfer documents, to receiving a new Land Registry extract in the buyer’s name.
He ensures that the process is carried out quickly and accurately, so that the buyer receives registered, clean, and full ownership of the property.
In transactions of second-hand apartments, additional challenges are sometimes added: old attachments, building deviations, a tenant in the property, or complex legal situations.
Adv. Shai Shalom performs all the necessary checks to ensure that the property is free of other rights and that the buyer will not be liable for the seller’s omissions.
He also handles the coordination between the parties and the evacuation dates, so that the buyer can receive possession of the apartment on the agreed date without delays or disputes.
Close legal support from a real estate attorney gives the buyer real security.
Adv. Shai Shalom ensures that the transaction is carried out legally, balanced, and transparently – and that there are no hidden clauses or risks that could harm the buyer.
His extensive experience allows him to identify problems in advance and solve them efficiently, while protecting the client’s interests.
Buyers who are accompanied by a professional attorney enjoy a calm, safe, and surprise-free process.
Purchasing an apartment is a big and significant step, so it is important to do it with the legal support of a real estate expert.
Adv. Shai Shalom, who has extensive experience in accompanying buyers in real estate transactions of all types, provides personal, professional, and transparent service – from the preliminary checks to the final registration of ownership.
His guidance ensures that the transaction will be carried out with confidence, legally, with savings in time and money – and especially with complete peace of mind.
Adv. Shai Shalom – Expert in Apartment Purchase Transactions and Legal Support in Real Estate.
For an initial consultation or transaction review before signing, you can easily contact us through the website or by phone listed on the contact page.
Do you have more questions? We are available for you
What is important to check before signing a contract to purchase an apartment?
Before signing a contract, a comprehensive inspection of the property must be performed; to ensure that the seller is indeed the owner of the rights, that there are no attachments, warning notices, mortgages, or building deviations. In addition, it is important to check the urban planning; future plans, building permits, and the feasibility of changes in the environment.
Adv. Shai Shalom performs thorough legal and planning checks for his clients, which identify risks in advance and ensure that the transaction will be safe and legal.
Why is professional support important during the negotiation stage with the seller?
The negotiation stage is the stage where the most important conditions in the transaction are determined – schedules, securities, additional costs, payment terms, etc. Unprofessional negotiation may cause financial damage and even legal risks.
Adv. Shai Shalom has extensive experience in real estate transactions, manages negotiations aimed at protecting the buyer’s rights, balancing the conditions, and creating a clear, balanced, and safe transaction.
What is the role of the attorney in drafting and reviewing an apartment purchase agreement?
The apartment purchase agreement is a binding document that affects every stage of the transaction. Inaccurate wording or missing clauses may cause serious damage.
Adv. Shai Shalom ensures that every clause in the contract is worded clearly, protecting the buyer – including compensation mechanisms, provisions regarding defects, protections against delayed delivery, and conditions that ensure that the buyer’s money will be protected at every stage.
How are the buyer's funds protected during the transaction?
Purchasing an apartment involves transferring significant sums of money, so it is imperative to ensure that the payments are protected. It is customary to make the payments through a trust account and transfer funds only after meeting the conditions of the contract.
Adv. Shai Shalom manages the payment system for his clients, examines the bank guarantees, and ensures that every amount paid is protected and recoverable in case of breach of contract by the seller/contractor.
What is important to know when purchasing a new apartment from a contractor?
Purchasing an apartment from a contractor requires checking a complex sales contract and the guarantees under the Sale Law (Apartments). In addition, it is necessary to verify the existence of a valid building permit, contractor registration, schedules, and compensation mechanisms for delays.
Adv. Shai Shalom examines every clause in the contractor’s contract, adds essential protections for the buyer, and ensures that the bank guarantees are given legally, so that the buyer receives full security throughout the process until the delivery of the apartment and its registration in the Land Registry Office.
