The Mechir LeMishtaken Lottery Step by Step
From Registration to Contract: a Journey of Several Stages
Many eligible applicants reach the lottery stage without knowing exactly what to expect – and face unnecessary stress at the critical moment. In this article we'll break down the whole process, step by step, from the moment eligibility is approved to the day you receive the keys to an apartment in Ma'ale Adumim.
Stage 1: Eligibility Approval and Choosing Projects
Before the lottery itself, the eligible applicant chooses their preferred projects and areas from the list of active projects. In Ma'ale Adumim there are several projects on the Mechir LeMishtaken track, and the preference you choose directly affects your chances. Anyone who hasn't yet checked the eligibility criteria in depth should go back to the guide Mechir LeMishtaken eligibility – who's eligible and how to register before continuing.
Stage 2: the Lottery Itself
The lottery is conducted in a computerized, transparent manner, and gives every eligible applicant a lottery number. Whoever's number "comes up" in the lottery receives the right to choose an apartment from the quota allocated to the project they chose. It's important to understand: winning the lottery doesn't automatically guarantee an apartment – it guarantees a place in line to choose an apartment, with those higher up in line enjoying a wider selection of available apartments (floor, orientation, position in the building).
Stage 3: Actually Choosing the Apartment
At this stage, winners are invited, according to their place in line, to choose a specific apartment from the project's available inventory. This is one of the most critical stages in the entire process – choosing the right floor, orientation and location can affect both day-to-day quality of life and the apartment's future value. It's recommended to arrive at this stage prepared with prior knowledge, so it's worth reviewing in advance the guide on how to choose a Mechir LeMishtaken property, which details all the parameters worth weighing.
Stage 4: Preliminary Mortgage Approval and Budget Planning
In parallel with the selection process, and sometimes even before it, it's important to go to the bank and get preliminary mortgage approval. Even at a discounted price of ₪13,000-16,000 per sqm, this is a transaction of hundreds of thousands to millions of shekels, and proper budget planning is critical so you don't get stuck at a late stage. A full breakdown of this topic is in the article Mortgage for Mechir LeMishtaken housing – how much you can get and how to plan a budget.
Stage 5: Signing a Contract with the Contractor
After choosing the apartment and getting mortgage approval, the stage of signing the purchase contract with the contractor who won the tender arrives. It's important to read the contract carefully, check the technical specification, payment schedules, and estimated delivery date, and if possible, use a real estate attorney who specializes in this type of transaction.
Stage 6: Payments, Construction and Delivery
After signing, the payment stage begins according to construction milestones, in accordance with the Sale Law. Average construction time ranges from a year and a half to three years, depending on the project. At the end, the apartment is delivered along with a home inspection and a check for defects before receiving the keys.
In Summary – a Process That Requires Guidance
The path from the lottery to a signed contract includes significant financial and legal decisions, and any wrong step can cost money and time. The Merkaz HaNechasim Ma'ale Adumim team guides eligible applicants throughout the entire process – from choosing the apartment to signing the contract – to make sure you make the most of this opportunity. Leave your details and we'll schedule a free consultation meeting.