Acquisition of Apartments and Houses

As consultants to buyers of Apartments and Houses, we ensure that the sale contract includes the appropriate protection of the buyer and the buyer’s money. To this end, we review and perform the following steps:

• Examine the nature of the legal rights being sold and make sure they are not subject to any third-party rights, foreclosure, mortgage, or other restrictions.
• Make sure that no money will be paid without proper collateral provided in return. If necessary, the seller is required to provide letters of intent and to remove existing mortgages, prior to receiving payments.
• Make sure that a sufficient amount of money is placed in a temporary trust for the payment of various taxes by the seller.
• Demand to include an exact transfer date in the contract.
• Advise clients to make sure, before signing the contract, that they have the sufficient funds to purchase the apartment.
• Make sure that all the necessary documents to transfer the rights to the name of the buyer are signed in advance and delivered to the buyer together with the transfer of the holding of the apartment.