01
Define Your Goals
- Why are you buying? Primary residence, investment, or vacation property?
- Location preference: Tel Aviv, Yavne, Beer Sheva, Netanya, and more.
- Preferred features: size, number of rooms, balcony, views, smart-home, parking.
02
Budget & Financing
- Know your total budget, including taxes, fees, and renovations.
- Meet with a mortgage broker or bank to get pre-approved.
- Understand purchase taxes and costs (Mas Rechisha, legal fees, etc.).
03
Property Search
- Browse listings on Penthouses.co.il.
- Book viewings.
- Compare options based on price per sqm, location, and condition.
04
Legal Due Diligence
- Hire a real estate attorney.
- Check zoning, building rights, Arnona & HOA fees.
- Check for existing liens or debts, and confirm property ownership.
05
Make an Offer
- Once confident, submit a written offer.
- Negotiation is expected.
- Offers often include timelines and conditions.
06
Contract & Closing
- Sign a Zichron Devarim (memorandum of understanding), or go straight to contract.
- Finalize financing.
- Pay required taxes.
- Register the property under your name (Tabu).
07
Move-In or Rent Out
- Renovate as needed.
- Hire movers or a property manager.
- If investing, list it on rental sites or with agents.
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Bonus Tips
- Always see the property in daylight.
- Measure rooms and compare to the listing.
- Ask for recent renovations and service history.
The kind of penthouse you're shopping for