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In This Edition

1. Welcome
   
   
2. Featured Article -
        Negotiating a Fair Contract – How to Navigate the
        Pre-Contract Stage of Your Real Estate Transaction
   
   
3. Legal Vocabulary – 'Zichron Devarim'
   
   
4. Tip of the Month – Price Linkage
   
   
5. Subscription Information
   
   
6. For Further Information
   
   

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Welcome to Israel Real Estate Law Insights
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Welcome to the latest issue of the Israel Real Estate Law Insights, published by Nicole Levin Law Offices, experts in all aspects of real estate law in Israel. You are receiving this newsletter because you signed up for it on our website or because you filled out a form at a housing fair. Our newsletter focuses on the legal aspects of buying, selling and renting property in Israel.

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Negotiating a Fair Contract
– How to Navigate the Pre-Contract Stage of Your Real Estate Transaction
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So you’re in the market for a new home. What do you do next? What are your obligations when you use a real estate agent? Once you find what you’re looking for, how do you make an offer on the house? Is it possible to bind the seller to the deal at this stage? If you change your mind before the signing of the contract can you extricate yourself from the deal? In short, how do you get the result you want?

Many potential buyers prefer to use the services of a real estate agent who is familiar with the area in which the property search is taking place. Real estate agents will ask you to sign a form in order to do business with you. This form is a legally-binding contract which stipulates the terms and conditions of your business relationship and the fees you will owe the real estate agent. Make sure you understand the conditions written on the form and that you have a copy to keep with you. It is very important to write down which properties the agent showed you, especially if you are viewing properties with other agents as well. If you see that an agent is taking you to view a property that you have already seen with another agent, then notify him immediately and write it on the form.

When you find a property that you want to purchase, the next step is to make an offer. You can do this through...

Read the complete article on our website.

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Legal Vocabulary
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"Zichron Devarim" - This is a document that can be signed between the parties at an early stage of negotiations, before the contract is drawn up. It is a legally binding document and therefore you should first consult your attorney before signing it.

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Tip of the Month
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When negotiating the price of a property, it is important to ascertain whether the seller intends to link the price to the dollar or to the consumer price index (CPI). Since this can mean more money for you as the purchaser to pay, ask your lawyer to explain to you the ramifications of this, especially in monetary terms. After you understand this you will need some negotiations to work this issue out.

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Subscription Information
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For Further Information
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Additional information can be found at:
http://www.levinlawoffices.co.il/free.shtml

Further interesting articles can be found at:

http://www.levinlawoffices.co.il/articles.shtml

Previous newsletters can be found at:

http://www.levinlawoffices.co.il/articles.shtml

If you have any further queries please feel free to make use of the Contacts page on our website:
http://www.levinlawoffices.co.il/contact.shtml

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