HOW TO BUY HOUSE IN JAPAN

　　Purchase The Real Estate In Japan

The Process of Selling Real Estate.

Uses the real estate agent to sell off for customers. Also, The agent company buys the real estate for sale.  

In case, need to the agent buys, there is the major factor of the price is usually 20-30% cheaper than the sale price. Due to various circumstances, if you have without the knowledge, this is the basis of your request to sell urgently.

The good point about purchasing is that when you sell the property, no need to pay brokerage fees.

⓵Choose a Real Estate Agency.

Generally, local real estate companies, and franchise rental real estate companies, there are not provide the purchase properties. Even if many referential or agencies only a few companies can be trusted and fair open prices.

So, there are many companies based in metropolitan areas and 3 types of real estate companies that you can ask to appraise your property. You need to research in advance.

1: The brokerage of a major company.

Many of the Major brokerage firms also provide and handle sales operations.

Also, Major Real Estate companies started offering sales guarantee services to alleviate the concerns of customers who are replacing their purchases. Please check the contents in advance.

2: The sales specialist of a major company.

These are the major sales-specialized companies and construction company's websites.

3: The sales specialist of a real estate company.

Nowadays, many companies are using advertisements on the Internet to target customers who need to get paid back in cash urgently and also, have bad purchasing companies. Please make an awareness and check the credit information and feedback reviews before deciding to get deals.

At first, you sell the property but have no feedback from any buyer who wants to purchase. So, please use several companies to compare and sign a new contract.

②Purchase flow

We will explain the process of requesting the real estate company to purchase your property.

1：Choose a real estate company to request an assessment.

First, how to choose a real estate company, The most important thing is the speed of the process and transaction by security.

Nowadays, you can easily see the reviews of what kind of company on the Internet. You can request an assessment from several companies. After that, decide to sign a sales contract for one company.

- Beware of this kind of purchaser company.

- Trying to transfer the registration without permission before receiving the payment

- No action of transferring

- Act to ignore the market prices

- Cannot contact by unreason.  

So, you need to be aware of choosing the worst purchaser company as above. We recommend that choose and sign a contract with the one who can be reliable.

2: Request an assessment.

  Choose several companies such as the major real estate agents, purchase-specialist companies, and local community-based real estate companies.  Purchasing service. then make a decision.

- Housing overview including scales, years of construction, floor plan, etc.

- Sales amount of transaction conditions

- Date of sales

- Bank mortgage balances, etc.

 The fastest way to use assessment services is through an online platform. The moment when you make the request, several companies will contact you. So, you do not need to panic, keep calm, and explain your requirements to the company that you choose and which one you won’t.

Calculate approximate price through desk assessment

Usually, the assessed purchase price is presented through a desk assessment (simple assessment).  As a rough guide, the purchase amount is often in the range of 70-80% of the normal sales price. In case of renovating the house and resale, it will be an unavoidable amount.

3: On-site survey

On-site surveys and government office surveys will be conducted.

Due to only a desk assessment being less accurate, it does not like to see the property on-site.

To calculate a more accurate assessment price, we need to visit on-site and make adjustments to the assessed value.

Whether purchasing or selling through an intermediary, it's better to get a good impression. It’s important to keep the area around your property tidy to convey enthusiasm and positivity toward the sales.

 ③　Investigation

During the on-site surveys, we examine the housing's facilities, daylight exposure, surrounding environment, and easy living, and during the government office survey to examine the legal related such as road access, adjacent land, registration, and state of public infrastructure, etc. The actual purchasing price can be obtained.

④　Obtain purchase price

When the on-site assessment is finished, the assessment price will be issued to obtain the purchase price. In case, after on-site assessment, the property is used for a regular residence, 70-80% fluctuation in the assessed sale prices will be up to the agent company.

There is a proposal validity period after renovating a property by the purchaser agent for reselling and it will tend to be shorter if you can get the confirmation from a resale destination.

⑤　Sales and purchase contract

We conclude a sales contract with the purchase agent which one is the best in terms of price and reliability. Once the procedure is done, all that is to transfer the property.

There is a specialist purchaser, a big advantage is that the seller does not have to assume a warranty against defects.

Confirmation of transfer conditions

The terms and conditions should be written in the contract to avoid any problems after transferring.

- Responsible for disposal of left behind items and cost burden

- The owner has to respond to the demolition costs if the property is transferred by land.

- The owner has to respond to the disposal of incidental equipment such as air conditioning and the burden of costs. If you have any concerns about it, ask for the listed in the contract if necessary.

- Settlement date of Purchase price

Please make sure to check the payment date and payment method (cash, check, transfer, etc.)

⑥　Payment and House Withdrawal

　The bank settlement will be cancellation of registration if a mortgage loan has been set. The Seller, Buyer, Bank, and Judicial Scrivener will proceed with the settlement and house withdrawal.

You need to bring documents on the day for registration-related information. Such as registration identification information (title certificate), registered seal, and seal impression certificate.

Please discuss with the purchase agent in advance to prepare the necessary documents.

　If you possibly find a buyer the period will be shorter but no differences between the selling real estate process. So, the process of preparing documents, checking contracts, arranging moving, etc. is also difficult.

　We recommend that you prioritize selling your property if you get a deal with the highest sale price even if it takes time.

We hope that you be able to choose a method that is the best for you.