Selecting property

Please look through our listings on our web site to see what’s available on the market.

Feel free to let me know your requirements or specific properties you are looking for.

Site visit

You don’t have to worry about the communication as I speak English  when conducting a site visit

Purchase offer

If you intend to buy a property, you will submit a “Letter of Intent (LOI)” to the seller, which does not construe as a binding contract.

Once Buyer and Seller reach an agreement, you will proceed to the next sep to enter into the contract

The contract

“Explanation of important matters” will be carried out by Certified Real Estate Transaction Specialist.

The sum of 10% of the sales price, which is regarded as a deposit, and other contract-related fees will be required at the execution of the contract

Handover

The rest of sales price plus other related fees will be due on or before the closing date.

Once all the Buyer’s duties are executed, key and any documents required for the public registration will be delivered to the Buyer.

A judicial scrivener will then apply for public register to transfer the freehold

The contract detail.

1 Explanation of important mattersExplanatin of important matters is a disclosure statement on property descriptions, right and obligation, maintenance fees, restrictions and etc that shall be delivered and explained to the buyer “face-to-face” prior to the closing.

After a certified Real Estate Transaction Specialist explain this disclosure statement, you will write your signature on Explanation of important matters.

2 Contract-related fees include the followings:

・Contract stamp fee

・Please note that we will charge no brokerage fee at the time of executing the contract.

3 Money TransferGenerally speaking, escrow is rarely seen in real estate transactions in Japan. To avoid having Buyer directly make a deposit into Seller’s account, we propose that you use our bank account (as Buyer’s broker)

4 Required documents for public registration. In general, the judicial scrivener will prepare all the documents for you in terms of public registration.

However, please be informed that you need to obtain an “affidavit” to verify your home address in your country. If you live outside Japan

5 Fees related to the handover include the followings:

・Brokerage fee; 3% of sales price (plus consumption tax) will be charged as Buyer’s brokerage fee.

・Registration tax

・Fee for judicial scrivener

・Pro rata share of Property tax, which shoule be allocated to Buyer.

6 Public registration

After public registration procedure is completed, we will mail you the public registration record which proves you are the legitimate property owner.

You even can purchase a property from overseas. Ask me for more detail.

Koji Kitada

Licensed real estate sales person.Certified as a Real Estate Transaction Specialist in order to close a sales transaction in Japan

This blog is more detail than previous one.