How To Buy A Property In Japan

Welcome to our simplified step-by-step guide on how to buy a property. If you’re looking for a quick overview of the buying process, you’ve come to the right place. If you have any questions or need further assistance, our team of multilingual agents is always available to help.

1. Inquiry: The process of selling property in Japan begins with an inquiry from a potential seller. This can be done through a real estate agent or directly with a prospective buyer. 
2. Due Diligence and Listing Price Proposal: Once an inquiry is received, the seller or their agent will conduct due diligence on the property to determine its value and any potential issues that may affect its sale. Based on this information, they will propose a listing price for the property. 
3. Brokerage Agreement: If the seller agrees to the listing price, they will then sign a brokerage agreement with the agent or buyer. This agreement outlines the terms and conditions of the sale and the commission that will be paid to the agent. 
4. Marketing and Reporting: The property will then be marketed to potential buyers through various channels, such as online listing sites, open houses, and advertisements. The agent will provide regular updates to the seller on the status of the sale and any offers received. 
5. Find buyer and intention application: Once a buyer is found, they will submit an intention application indicating their interest in purchasing the property. 
6. Mortgage Application and Bank’s Pre-Approval: If the buyer needs financing to purchase the property, they will apply for a mortgage loan and obtain pre-approval from the bank. 
7. Formal Application and Price Negotiation: The buyer will then submit a formal application to purchase the property and the price will be negotiated between the buyer and seller. 
8. Down Payment and Sign Purchase Contract: Once the price is agreed upon, the buyer will make a down payment and sign a purchase contract with the seller. 
9. Bank’s Formal Approval: The mortgage loan will then be formally approved by the bank. 
10. Transaction: The balance of the purchase price and any closing costs will be paid, and the transaction will be completed. The buyer will then take possession of the property. 

Housing Japan agents are experienced in guiding non-resident / resident foreigners through the process of buying a property in Japan. This includes providing information about the local property market, identifying properties that meet the your needs and preferences, and assisting with the legal and financial aspects of the purchase.

We will navigate the specific laws and to provide guidance on the best financing options available. It is also important to be aware of any cultural differences and to provide clear and accurate translations of any legal documents. Overall, we provide a high level of service and to be a reliable and trustworthy partner to help non-resident foreigners navigate the unique real estate market in Japan and find the best option for their specific situation. 

What Next?

At Housing Japan, we specialise in buying, selling, and managing residential luxury real estate in central Tokyo. Whether you are a local resident or simply seeking a second home or temporary residence for business trips, we have you covered. Our one-stop service includes expert management services, so you can sit back and relax knowing that everything is taken care of. Whether you are looking for a luxurious living experience or an investment opportunity, we are here to help you every step of the way. Reach out to us today for more information or to explore properties in this area. Our dedicated agents are ready to provide expert advice, tailoring solutions to match your unique goals and preferences.