Buying or selling Israeli property while living abroad requires planning both the transaction and how it will be carried out remotely. Alongside property and contract review, you need to establish who can sign, how funds will be transferred and which documents are required in Israel and your country of residence.
Adv. Asaf Arazi-Biton advises foreign residents and new immigrants on Israeli property transactions in Hebrew and English. The work helps you understand decisions and documents and coordinates the legal steps in Israel with the professionals assisting you overseas.
The engagement identifies which actions you will take personally and which require a power of attorney. Before signing abroad, authentication, translation and document requirements should be checked with the receiving body. A document authenticated overseas is not automatically suitable for every Israeli procedure.
Discuss identification and source-of-funds documentation with the bank early, and align funding availability with the payment schedule. Preliminary finance approval or the possibility of an overseas transfer does not replace checking the conditions for actual payment. Missing information can delay a contractual payment.
Citizenship, where you live and tax residence are not necessarily the same. Your status and the facts relevant to the Israeli transaction need review, with advice in your country of residence where appropriate. Owning no other apartment in Israel does not by itself establish eligibility for a particular tax treatment.
The process defines who makes decisions, which approvals are needed from you and by when. Visits, professional inspections and possession arrangements are coordinated as required. Legal work concerns the legal aspects; physical condition and valuation require the appropriate professionals.
For property and contract review, see our real estate legal service. Where the property is part of succession or family planning, the work can be coordinated with family wealth and intergenerational planning. Contact the office about your transaction.
Disclaimer: The information in this article is provided for general informational purposes only and does not constitute legal advice, a legal opinion, or a substitute for individual advice from an attorney. Each case should be reviewed according to its specific circumstances, and it is recommended to consult an attorney before making any decision or taking action.
