How to furnish and renovate?
A. When buying an old apartment: • first payment is usually 10% of the cost of the apartment; • the payment is given to the lawyer which after transferring it to the seller will register a remark in the land registry office in your favor • the last payment should be transferred to the lawyer escrow account, the lawyer will pay the money to the seller upon fulfillment of the following conditions: • the seller will prove that all the debt on the apartment were paid, and will bring a “0” statement from all the utility companies • the seller will sign a declaration approving that he have received the full amount of the money and that he have no objection to the registration of the property in the land registry office on the name of the buyer the lawyer will then register your name as the new owner of the property. When buying a new apartment: When buying a new apartment the following is recommended: • to buy only from a developer that is using bank finance for the construction • to pay sta
