Apartments in Ramat Bet Shemesh:
How to Deal in Today’s Sophisticated Market
APARTMENTS IN RAMAT BET SHEMESH
RENTING & BUYING IN ISRAEL
by Harry F. Keresic
The real estate market in Israel, Ramat Bet Shemesh apartments included, has become increasingly professional and sophisticated, and is now computerised to a substantial extent, so that hitherto lengthy procedures are now completed in hours, or even in minutes. Consequently, it is not unusual for an eager purchaser, or a demanding seller, to agree a deal, instruct their respective lawyers, and to sign contracts within a few hours.
Similarly, with regard to rental transactions in Ramat Bet Shemesh, once a prospective tenant has decided upon an apartment, the landlord requires him to sign a contract quickly, and, if the renter is unable to do so, the landlord will not take him seriously, and he may well lose the opportunity to rent the apartment altogether.
The effect of the advanced computerisation and sophistication of the real estate market in Israel permits purchase and rental transactions to proceed much more quickly than is generally the case in the main real estate markets of the World, such as those in Europe, USA, Canada and South America.
Of course, this situation can be most disconcerting to some prospective tenants and purchasers, in particular to those who have not themselves had previous experience of Israeli real estate, or who do not have the support of a local family member, or a close, and trusted, friend to guide and reassure them.
Not surprisingly, the speed with which a definitive decision to rent, or to buy, must be taken by a renter, or a purchaser, can sometimes place pressures upon him that he had not expected or envisaged, and which might have the effect of confusing and “unnerving” him, resulting in a degree of distrust with regard to the particular transaction in which he is involved.
In a subsequent article, we shall deal in detail with the issues raised above, as well as to issues particular to apartments in Ramat Bet Shemesh.
