Land Registry (Tabu) Registration – Not What You Thought

Usually, when people talk about Land Registry (Tabu) registration, buyers tend to focus on the final stage of the sale transaction—the stage where you must register as the new owners of the property you have purchased. This is a necessary and critical step for any sensible person.

This time, we want to highlight a topic that is perhaps less discussed, sometimes forgotten, and can lead to frustration that we would all prefer to avoid. Let’s imagine that after extensive searching, wandering around the city, and dozens of phone calls and meetings, you have finally found the apartment of your dreams; it is amazing and meets every single thing you were looking for. After a complex negotiation between the parties, you managed to reach an agreed-upon price. The next step will be the exchange of drafts, followed by the long-awaited signing. At this point, you will surely turn to a real estate attorney to advance the legal aspect, and to your great surprise, they will call you after a few days to inform you that the property is not registered in the seller’s name. Shock. A serious glitch. The dream deal takes a turn, and it turns out that there is another party required to make the decision regarding the sale. You are disappointed, helpless, and do not understand how this happened.

At HomeMarket, such a situation will never happen, and for one simple reason: the value of professionalism is always before our eyes. When we come to recruit a new property to the Market, not every property meets our threshold requirements, and not every property will enter the Market’s shelves to be offered to you, the buyers. We make sure to verify the integrity of the property from a registration standpoint at the earliest stages of the recruitment process. We pull a Tabu extract (Land Registry extract) and analyze it thoroughly with the professionalism reserved only for us. Every remark, every discrepancy, undergoes a comprehensive check with the property owner and in the necessary systems to ensure the property is sound and suitable for sale. Once this stage passes successfully, the property is recruited to us exclusively and undergoes the entire HomeMarket marketing envelope you know.

You can be calm and confident that once you have entered the Market, you will receive professional and reliable service all the way. We are here for you.

Further Reading

New vs. Old: Which apartment should you buy?

Purchase Tax in a Nutshell

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City
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טווח מחירים – נכסים
City
Property Type
טווח מחירים – נכסים
City
Property Type
טווח מחירים – נכסים