How to Sign a Sales Agreement Safely (7)
Selling an apartment is a big step — both emotionally and financially. One of the most crucial moments in the process is signing the sales agreement (Zichron Devarim or full contract). Here are the main rules to follow to protect yourself legally and financially.
✅ 1. Never Sign Without Legal Review
Always consult a real estate lawyer before signing anything. Even preliminary agreements or letters of intent can have legal implications. A professional will ensure that your interests are protected and help you avoid clauses that could cost you money or flexibility later.
✅ 2. Verify the Buyer's Financial Status
Before signing, ask for proof of the buyer’s financing — whether it's a mortgage approval or personal capital. This protects you from wasting time with buyers who may not be able to complete the deal.
✅ 3. Clarify Payment Schedule and Penalties
The contract should clearly state when and how payments will be made and what penalties apply if either side fails to meet the terms. It’s essential to protect both parties from delays or default.
✅ 4. Ensure Full Disclosure of Property Status
It’s your legal obligation to disclose any known issues with the property — such as structural problems, legal disputes, or unauthorized construction. Hiding such information can later result in lawsuits.
✅ 5. Include an Exit Clause
A well-crafted agreement should provide both sides a way out under certain conditions — for example, if the buyer doesn't receive mortgage approval. This avoids unnecessary stress and legal conflict.
Tips from Unehasim
- Work with a real estate agent who coordinates with legal professionals and understands the market.
- Don’t rely on verbal agreements — put everything in writing.
- Make sure your name is registered correctly in the Land Registry (Tabu).
- Ask your lawyer to double-check all technical details, such as property size, address, and parcel number.
Want to sell your apartment safely and without surprises?
Contact a Unehasim agent — and we’ll guide you every step of the way.
