The costs, one by one
Sometimes set according to the complexity of the deal, as a share of the property’s value. Do not compromise on professionalism and real estate expertise when choosing the lawyer who will accompany you through the deal.
A capital gains tax paid to the Tax Authority. It applies to the gain between the purchase price and the sale price, less various expenses. There are many exemptions — an only-home exemption under certain conditions and amount limits, an inheritance exemption, and other exemptions and tax reliefs. Consult a lawyer specialising in real estate taxation on this.
Paid to the municipality for plans or building rights that increased the value of the property — even if you did not exercise the rights. Note: even if you have no building rights in the property, there may be a betterment levy liability because of various plans. You can apply to the municipality for an assessment.
If you have received an assessment to pay from the municipality, consult an appraiser who will examine whether the assessment can be reduced. Some appraisers charge on a success basis plus a fee.
Fix defects in the property before advertising, because buyers tend to estimate the cost of repairs at far more than it would cost you to fix them. Anything from small upgrades to home staging is recommended to achieve a higher price.
In a conversation, about the specific property and what its sale requires.
In summary
Selling your home brings unavoidable costs. Proper financial planning and a detailed calculation of the costs are strongly recommended, to avoid heavy and unexpected expenses that the household would struggle to meet.
As part of our service we would be glad to recommend the professionals you will need to sell your home — the best in their field. If you are also buying after the sale, read about the costs of buying a home.
This is a guide, not advice. On anything to do with the various costs, consult the relevant professionals — lawyers, renovation contractors, architects, mortgage advisers and others. The rates and amounts here are accepted market ranges, not a quote.
