Buying a Home in Jordan

Buying a home in Jordan can be an exciting prospect for expats, offering the opportunity to immerse oneself in the rich culture and history of this Middle Eastern country. However, the process can be complex and requires a thorough understanding of the local real estate market, legal requirements, and potential pitfalls. This guide aims to provide a comprehensive overview of the key aspects to consider when buying a home in Jordan as an expat.

How do I find houses for sale in Jordan?

There are several ways to find houses for sale in Jordan. Online property portals are a popular choice, offering a wide range of listings from across the country. Local newspapers and real estate agencies are also good sources of information. It's advisable to engage a local real estate agent who understands the market and can guide you through the process. They can help you find properties that match your preferences and budget, and negotiate the best deal on your behalf.

Are there restrictions on foreigners owning property in Jordan?

Yes, there are some restrictions on foreigners owning property in Jordan. Non-Jordanians are allowed to purchase property for residential purposes, but the property must be approved by the Ministry of Finance. Additionally, the property cannot be sold or rented out for a period of ten years from the date of purchase. However, these restrictions can be waived if the property is purchased for investment purposes and meets certain conditions. It's advisable to consult with a local lawyer to understand the specific requirements and legal implications.

Does Jordan have an MLS type system?

Jordan does not have a Multiple Listing Service (MLS) system like in the United States. Property listings are typically managed by individual real estate agencies. Therefore, it's important to work with a reputable and experienced real estate agent who has access to a wide range of properties and can provide you with the most accurate and up-to-date information.

Do brokers have licenses and how do I know if they are licensed?

Yes, real estate brokers in Jordan are required to be licensed by the Jordanian Ministry of Commerce and Industry. You can verify a broker's license by asking to see their license card, which should display their name, license number, and expiration date. It's important to only deal with licensed brokers to ensure that you are protected by the law.

What documents are required when buying a home?

When buying a home in Jordan, you will need to provide several documents. These include a valid passport, a recent bank statement showing sufficient funds, a No Objection Certificate (NOC) from the Ministry of Interior if you are a non-Jordanian, and a property valuation report. The property must also have a clear title deed, which should be checked by a lawyer to ensure there are no liens or encumbrances on the property.

Do I need a lawyer when buying a home in Jordan?

Yes, it's highly recommended to hire a lawyer when buying a home in Jordan. A lawyer can help you navigate the legal process, ensure that all documents are in order, and protect your interests. The cost of hiring a lawyer can vary, but it's generally around 1% of the property's purchase price.

Do people typically buy a property with all cash or take out a mortgage?

Both options are common in Jordan. Some people prefer to buy property with cash to avoid interest charges and simplify the process. However, mortgages are also available and can be a good option for those who don't have the full purchase price available upfront. It's important to shop around for the best mortgage rates and terms.

Are there inspections that take place, and if so what is that process like?

Yes, property inspections are a standard part of the home buying process in Jordan. A professional inspector will examine the property for any structural issues, defects, or potential problems. The inspection report can be used to negotiate the price or request repairs before the sale is finalized. It's important to hire a reputable inspector to ensure a thorough and accurate assessment.

What are some of the pitfalls to avoid when buying property in Jordan?

One of the main pitfalls to avoid when buying property in Jordan is not thoroughly researching the property and the local market. It's important to understand the value of similar properties in the area and to ensure that the property has a clear title. Other potential pitfalls include not budgeting for all costs, such as taxes, fees, and maintenance costs, and not having a thorough property inspection. It's also crucial to ensure that all agreements and promises are put in writing to avoid any misunderstandings or disputes later on.