Eretz Nadlan - Real Estate in Israel Blog
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Eretz Nadlan Blog

Ertetz Nadlan Wishes Everyone A Happy Hanukkah

The staff of Eretz Nadlan from Modiin, Modiin Illit, Tiberius, Raanana and Herzeliya Pituach wishes all there relatives, friends and clients a wonderful Hanukkah.

 

Eretz Nadlan In Tiberius

Eretz Nadlan is now dealing with the Tiberius real estate market. Keep an eye on our blog for more information coming shortly.

Relocation, Relocation, Relocation

Buying or selling a home in Israel

Aspects of relocation

Changing residences is considered the third most traumatic experience a person encounters during his or her lifetime. This stress not only encompasses the actual transaction but also includes additional activities associated with leaving or entering a home such as different educational facilities, social adjustments and physical relocation of one’s possessions i.e. moving. Moving should be the least problematic of the difficulties encountered when leaving or entering a community. Its main asset is that it is over much sooner than other adjustments. Additionally its cost is relatively small compared with most other issues confronting the family. Why then does the relatively simple act of packing up one’s appliances, furniture, books, dishes linen, clothing, artwork and other personal effects create the level of stress caused by this procedure?  On a basic level the day of moving out of or into a home engenders mixed emotions as weeks or months of planning, discussing (arguing),packing, leaving friends etc. is finally happening. Beyond this level a fear of a new situation is ever present. A family experiences the complete range of the emotional scale from excitement and joy to resentment and depression. Eretz Nadlan feels that this juncture represents a critical moment in the purchase or sale of a residence and has decided to offer its customers professional assistance in managing this problem.
Zvi Fink, a member of our staff as a Licensed Real Estate Agent , has a background in logistics, international moving, local moving and storage. He is an accredited International Freight Forwarder with a license issued by the Israeli Customs Authority and has advised and supervised the relocation of hundreds of families including diplomats, government personnel, hi-tech employees As well as other people moving around the world or around the block. His experience and knowledge is essential for those people who value Their possessions, their time and their sanity. Zvi will provide our clients with advice and consultation without charge. In agreement between Zvi and our customers he will oversee the actual move to or from your residence. Selling or purchasing a home is a business transaction overshadowed by complex
personal issues. Each family must bridge the gap between the past and the future with the support of family, friends and professional services. A purchase or sale of a property is complete when the customers are enjoying their new home.

Eretz Nadlan can assist its customers be it in Modiin, other cities in Israel and in many countries throughout the world.

   Zvi Fink - Modiin real estate agent is a native of Scranton, Pennsylvania and is a graduate of New York University. Zvi is a Licensed Real Estate Agent and also has been certified by the Israeli Customs Authority as a  Licensed International Freight Forwarder. His multi-disciplinary background has enabled Zvi to help his clients with the entire range of relocation services including local and international moving, repair and adaptation of their properties and other issues that confront families who are relocating to or from other cities in Israel or from abroad. Buying, selling or renting a home is a process involving both physical and psychological challenges. Zvi can provide his clientele with professional assistance as a  real estate agent along with the added value of full relocation services. zvi@eretznadlan.com

Why Use The Services of An Israeli Real Estate Agent !

Should people who intend to sell, buy or rent real estate agree to pay a Licensed Real Estate Agent a commission to help them, or should they use popular internet listing sites which cost little or no money.  Do these savings justify the final results?  What services and advantages do  professional Licensed Real Estate Agents provide to justify paying their fees?
The value of real estate in Israel is determined by many factors such as location, size, layout, balconies, gardens, view  etc. The main factor in determining the sale/purchase price is the "market value". Simply put, what are buyers paying for similar properties?  While there are properties that have special features or  improvements  these items only add a marginal value because the prospective buyer may not value these features as much as the seller.  A professional Real Estate Broker understands  the market and can help the seller/buyer accurately determine the correct market value and help both sides to reach an agreement. Internet listings provide minimum information regarding specific properties. Buyers maypass up a particular home because of an inadequate description .Additionally, many owners do not want to be bothered by buyers who are not suitable or interested in their  property and therefore do not list their property, preferring to use an  agent to find a suitable buyer.  Agents are not interested in wasting the valuable time of the sellers, buyers or their own time and will only arrange meetings that they see are suitable and may lead to a sale/purchase.  Licensed Real Estate agents have a knowledge of available properties in the area due to their experience in  the market and their  relationship with other agents.  They can also scan listings and advertisements and select those properties that may be suitable and visit them prior to offering them to  prospective  buyers who they feel will be interested in the property and that the property is suitable to their budget. Even after potential buyers finds the properties that match their budget and needs,
there are often many challenges that remain. Buyers may need technical changes to suit their family's particular needs. Both parties will need legal assistance, financial services or other assistance .A Licensed Real Estate Agent can recommend reliable professionals to address these issues. Licensed Real Estate Agents have responsibilities and duties that are set forth by the Ministry of Justice and have been established to protect buyers and sellers from unscrupulous behavior.

In summation professional Real Estate Agents brings a wealth of knowledge and experience to both the buyers and  sellers in order to achieve their real estate needs. Their fees are a small price to pay for offering such an important and vital service.

 

   Zvi Fink - Modiin real estate agent is a native of Scranton, Pennsylvania and is a graduate of New York University. Zvi is a Licensed Real Estate Agent and also has been certified by the Israeli Customs Authority as a  Licensed International Freight Forwarder. His multi-disciplinary background has enabled Zvi to help his clients with the entire range of relocation services including local and international moving, repair and adaptation of their properties and other issues that confront families who are relocating to or from other cities in Israel or from abroad. Buying, selling or renting a home is a process involving both physical and psychological challenges. Zvi can provide his clientele with professional assistance as a  real estate agent along with the added value of full relocation services. zvi@eretznadlan.com

Israel Real Estate - The Eretz Real Estate Group

Hi,

 

Just an update on some of our  recent real estate activity….….

Several months ago Michael Bloom and Jacob Lichter joined together to start The Eretz Real Estate Group. The Eretz Real Estate Group offers a wide variety of real estate services including commercial, residential and land opportunities in many parts of Israel (including Yerushalayim and Tel Aviv and many other major cities) and also covers parts of the UK and USA. We have a team of top professionals who work in the various fields of real estate in Israel and worldwide and most have Anglo Saxon origins.

Eretz Nadlan is The Eretz Real Estate Group's real estate agency which is based in and specializes in Modiin.

 

We are looking for potential investors for both large (skyscrapers, malls, etc.) and smaller real estate deals, home buyers and sellers, and anyone needing a professional and personal real estate service.

Please check out our website for more information:

http://www.eretznadlan.com/

Tips on Insuring Your Home in Israel

Tips on Insuring Your Home in Israel

 

 

When considering purchasing real estate in Israel, you should be aware of the following aspects of property and contents insurance as operated by Israeli insurance companies.

Property Insurance   is designed to insure against fire, break-in and theft, willful damage, water damage, earthquake and other natural disasters and third party liability.

  • If you have taken out a mortgage, you are required to insure the property, the policy being written in favor of the mortgage bank. The mortgage bank offers an insurance scheme, which is normally about 10% more expensive than the policies offered by insurance companies, and also does not include third party liability, and contents insurance cannot be included in the policy.
  • If you have a mortgage, coverage must also include earthquakes and water damage from broken pipes or installations. Otherwise, earthquake coverage is optional.
  • Third party liability is for 500,000 NIS on a standard policy. This amount can be adjusted upwards if required.
  • Properties are valued for insurance purposes according to the cost of construction, at a rate of $800-$1,000 per square meter.
  • If you are planning leaving the apartment unoccupied for more than 60 continuous days, an additional premium is charged for both property and contents insurance.

Contents Insurance

  • Contents insurance is designed to insure against fire, theft, earthquake, willful damage, third party liability, employer's liability, water damage, all risks coverage for jewellery, TV’s, video equipment, home computers, faxes and sound equipment.
  •  All risk coverage can also be obtained for photographic equipment, cameras, video cameras etc.
  • Valuation of contents is made by a licensed assessor, who would value all contents including jewellery and other valuable items.

Deductible

Whilst varying from company to company in general we are looking at around 460 NIS.  In the case of earthquake coverage, the deductible is 10% of the insured amount.

 

Michelle Binovitch-Reshet insurance Agency

"Serving your insurance needs in Israel since 1984"

972-8-9298889 972-54-677821

michelle@reshet-insu.com   www.reshet-insu.com

Givat C Interactive Map

The Eretz Real Estate Group now has published an interactive map of Mesuah (Givat C) neighborhood of Modiin. We will soon be publishing more maps of Modiin.

Discover Givat C today at:

http://www.eretznadlan.com/givat%20c/givatcinteractive.htm

Enjoy wandering through Givat C from the comfort of your computer.

Wishing you all a wonderful summer,

The Eretz Real Estate Team

The Eretz Real Estate Group Engineer Report

Engineer report can prevent disaster !

The Eretz Real Estate Group  recommends that anyone who has decided to purchase a property should always order an independent engineer report. Although it can cost about $500 it is a relatively small price to pay and can save you making a terrible and potentially disastrous mistake. Often real estate agents will tell you how good the property is, how wonderful the builder is etc but they may omit telling  the negative aspects relating to the property. This is why choosing a trustworthy agency is so important when buying real estate. The Eretz Real Estate Agents will always tell you of anything positive or negative about the property as long as they know the facts. The problem is that vendors do not always tell us all they know and real estate agents are not qualified to advise on the structural condition of a property.  In Ramat Gan during Saddam's scud missile attack on Israel there were many cases of damage to buildings, many without sufficient foundations. Many buildings had  to have their foundations reinforced. Only a few weeks ago a contract in Buchman fell apart because of a scary engineer report. The potential buyers fell in love with a particular property and were just about to close and sign the contract. Their independent engineer reported that there is a terrible dampness problem in the basement. The repercussions were devastating. Firstly no expert would promise that even after great expense and turmoil that the dampness problem would definitely be fixed. Secondly that it would mean breaking walls and digging up floors and waiting a year to make sure that everything was fixed before putting in new floors and walls. Even if the vendor or agent tells the buyer there is a particular problem, only an expert can foresee what the implications of the problem could be. I would hope that whoever buys the property  would do their homework and make sure that they fully understand the implications of what they are getting involved with.  We at The Eretz Real Estate Group try our best to inform our clients about location problems, building defects, extensions that are without planning permission etc. What is most important is that we can direct you to the best experts in any particular real estate field to help you understand the whole picture before making irreversible decisions.

Discovering Dampness

The first things to do when looking for dampness in a property is to smell and look around carefully. Musty smells and stains are obvious indications of dampness. The problem is that the causes can be very hard to find and can be very expensive and disruptive to repair. Dampness can be caused because there is lack of ventilation, no windows, bad structural design, outside walls are not treated, bad roofing, broken pipes and inneficient damp courses are examples. Dampness can damage the foundations of the building and can cause mould which can cause health problems. Any damp problem can be caused by a number of deficiency factors. Make sure your building inspecor checks carefully for any dampness problems before buying a property.


Best of luck

Michael Bloom and Jacob Lichter

Buchman Map - Interactive

The Eretz Real Estate Group continues to offer exciting inovations in its marketing techniques. Discover Buchman, Modiin by taking a journey through  The Eretz Real Estate Interactive map of Buchman.

http://www.eretznadlan.com/maps/InteractiveBuchman.htm

Modiin Real Estate - South Buchman House For Sale - Virtual Tour

http://www.propertypanorama.com/tour.asp?id=64572
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