When Does the Seller Actually Receive Money in Their Account (713)
When selling an apartment in Israel, many sellers ask: when will the money from the transaction actually reach their account?
Understanding the process helps avoid misunderstandings and plan financial actions properly.
This article explains which stages of the transaction affect fund transfer and how to speed up the process.
Key Stages of Receiving Money
- Preliminary Agreement and Deposit (דמי רצינות)
- After signing the preliminary agreement, the buyer usually transfers a deposit.
- This money partially guarantees the seriousness of the deal, but it is not the full payment yet.
- Document Verification and Preparation for the Notary
- The lawyer checks the Tabu (נסח טאבו), encumbrances, renovations, and legal status of the property.
- This stage can take from a few days to several weeks.
- Signing the Final Agreement at the Notary (חוזה מכר)
- Only after signing the final agreement and completing all conditions (document verification, buyer’s mortgage, if any) are the funds transferred to the seller’s account.
- Closing the Transaction and Payment
- The bank handling the transaction transfers the funds to the seller.
- Usually, this occurs on the day of signing at the notary or the next business day, if all documents are in order.
Tips from Unehasim
- Prepare all documents in advance to speed up the fund transfer.
- Monitor timelines through your lawyer and the bank involved in the transaction.
- Make sure the deposit and final payment amounts are clearly stated in the agreement.
- If the seller has a mortgage, clarify the repayment process with the bank in advance.
Understanding these stages allows the seller to plan cash flow accurately and avoid delays.
Contact Unehasim Specialists
If you plan to sell an apartment in Haifa and want a quick and secure transfer of funds, Unehasim specialists can help:
- Verify documents and legal status of the property
- Coordinate timelines and the transfer process through the notary and bank
- Monitor the process until funds are actually received in the account
- Ensure a safe and transparent transaction
