Real Estate Glossary – 13 Important Terms Every Buyer, Seller, or Realtor Must Know

Purpose: permanent home, second home, future Aliyah, family use or investment.
Property type: new-build apartment, established building, garden apartment, penthouse or house.
Daily life: proximity to schools, shops, the beach, public transport and main roads.
Building costs: service charges, parking, storage, lift maintenance and shared facilities.
Timing: an available resale property and an off-plan purchase involve different schedules and risks.

26 Aug

26Aug

Real-estate terms such as title registration, mortgage, betterment levy, purchase tax and planning rights can materially affect a transaction. Ask licensed professionals to explain every document before signing.

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13 basic concepts that everyone interested in real estate must know