Buying Guide

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A guide to take you through the process of purchasing a property in Japan.

How To Buy

Whether you are purchasing a home, second residence or buying for investment, they all begin with working with a professional agency that can assist you in the planning, search, financing and legal documentation process. Japan Hana’s professional and friendly team of consultants can assist in all respects to find you the best properties both on-and-off market, within your budget and criteria

Planning and Investment Direction 

Before investing in real estate it is recommended that the buyer gathers information on the market and decides on their investment objectives – whether it is for capital appreciation, rental income or as a home. Japan Hana is more than happy to help in this process.

 

The Property Search

The agent will search for properties that meet your requirements and explain anything you need to know regarding the property and the local area. Google Maps is a valuable tool, that buyers can use to view the property in the comfort of your own home.  

Viewings

If you decide to go to Japan to view the property, Japan Hana will assist with viewings. If you decide not to go to Japan, virtual tours or videos can be arranged where available. For properties with tenancies, buyers are not allowed to enter the property but can visit the building and see the surrounding neighbourhood.

Signing the Contract

Once both parties agree on the sale price, closing date and other conditions, a 10% deposit and the signing of the contract are required within 7 days. Buyers should obtain an affidavit from a government office and submit. 

Buyers can choose to sign a power of attorney to delegate our solicitor to sign the contract on their behalf, or go personally to Japan to sign the contracts. If the buyer does not wish to travel to Japan, Japan Hana can explain the details of the Important Matters document through video conference. 

Summary of Costs

A summary of the costs when purchasing a property in Japan can be found in our Property Costs & Taxes

Application

After a property is selected, the buyer must submit a Letter of Intent. This is a non-binding expression of interest to purchase the property at a certain price and will begin the negotiation process. Japan Hana will try our utmost to get our clients the best possible price.

Loan Application

Buyers can apply for overseas mortgage loans with banks and financial institutions. Buyers need to provide proof of income and assets. Once pre-approval is obtained it, usually takes 4-6 weeks for final approval. If you are using bank financing, this must be advised at the outset, and a clause will be added to the contract that you are applying for a mortgage from a particular bank. If the mortgage is not approved, the contract may be terminated under certain conditions.

Final Settlement 

The buyer will transfer the remaining balance to the seller’s account and the title of the property will be transferred to the buyer. On completion the seller delivers the keys to the property and the transfer of ownership is complete. 

*For those who purchased without visiting the property, please note that Japan-Hana will not be held responsible to compensate for damages even if there is a discrepancy between the property and its location or the surrounding environment.

How To Buy

A guide to take you through the process of purchasing a property in Japan.

Planning and Investment Direction

Before investing in real estate it is recommended that the buyer gathers information on the market and decides on their investment objectives – whether it is for capital appreciation, rental income or as a home. Japan Hana is more than happy to help in this process.

The Property Search

The agent will search for properties that meet your requirements and explain anything you need to know regarding the property and the local area. Google Maps is a valuable tool that buyers can use to view the property in the comfort of their own home.

Property Viewings

If you decide to go to Japan to view the property, Japan Hana will assist with viewings. If you decide not to go to Japan, virtual tours or videos can be arranged where available. For properties with tenancies, buyers are not allowed to enter the property but can visit the building and see the surrounding neighbourhood.

Sign the contract and pay the deposit

After a property is selected, the buyer must submit a Letter of Intent. This is a non-binding expression of interest to purchase the property at a certain price and will begin the negotiation process. Japan Hana will try our utmost to get our clients the best possible price.

Mortgage in Japan

Once both parties agree on the sale price, closing date and other conditions, a 10% deposit and the signing of the contract are required within 7 days. Buyers should obtain an affidavit from a government office and submit. Buyers can choose to sign a power of attorney to delegate our solicitor to sign the contract on their behalf, or go personally to Japan to sign the contracts. If the buyer does not wish to travel to Japan, Japan Hana can explain the details of the Important Matters document through video conference.

Pay the balance

Buyers can apply for overseas mortgage loans with banks and financial institutions. Buyers need to provide proof of income and assets. Once pre-approval is obtained, it usually takes 4-6 weeks for final approval. If you are using bank financing, this must be advised at the outset, and a clause will be added to the contract that you are applying for a mortgage from a particular bank. If the mortgage is not approved, the contract may be terminated under certain conditions.

Japanese real estate rental management service

The buyer will transfer the remaining balance to the seller’s account and the title of the property will be transferred to the buyer. On completion the seller delivers the keys to the property and the transfer of ownership is complete.

How To Buy

A guide to take you through the process of purchasing a property in Japan.

Planning and Investment Direction

Before investing in real estate it is recommended that the buyer gathers information on the market and decides on their investment objectives – whether it is for capital appreciation, rental income or as a home. Japan Hana is more than happy to help in this process.

The Property Search

The agent will search for properties that meet your requirements and explain anything you need to know regarding the property and the local area. Google Maps is a valuable tool that buyers can use to view the property in the comfort of their own home.

Viewings

If you decide to go to Japan to view the property, Japan Hana will assist with viewings. If you decide not to go to Japan, virtual tours or videos can be arranged where available. For properties with tenancies, buyers are not allowed to enter the property but can visit the building and see the surrounding neighbourhood.

Application

After a property is selected, the buyer must submit a Letter of Intent. This is a non-binding expression of interest to purchase the property at a certain price and will begin the negotiation process. Japan Hana will use our experience and expertise to get our clients the best possible price.

Signing the Contract

Once both parties agree on the sale price, closing date and other conditions, a 10% deposit and the signing of the contract are required within 7 days. Buyers should obtain an affidavit from a government office and submit to us.

 

Power of Attorney

Buyers can choose to sign a power of attorney to delegate our solicitor to sign the contract on their behalf, or go personally to Japan to sign the contracts. If the buyer does not wish to travel to Japan, Japan Hana will explain the details of the Important Matters document through video conference.

Explanation of Important Matters

Included in the Explanation of Important Matters document includes an overview of the property, property terms, relationship of rights, legal limits, management of the building and limitations of its use, compensation of contract violations and the owner’s rights

Loan Application

Buyers can apply for overseas mortgage loans with banks and financial institutions. Buyers need to provide proof of income and assets. Once pre-approval is obtained it usually takes 4-6 weeks for final approval. If you are using bank financing, this must be advised at the outset, and a clause will be added to the contract that you are applying for a mortgage from a particular bank and the details. If the mortgage is not approved, the contract may be terminated under certain conditions.

Final Settlement

The buyer will transfer the remaining balance to the seller’s account and the title of the property will be transferred to the buyer. On completion the seller delivers the keys to the property and the transfer of ownership is complete.
*For those who purchased without visiting the property, please note that Japan-Hana will not be held responsible to compensate for damages even if there is a discrepancy between the property and its location or the surrounding environment.

Buying Fees and Taxes 

A summary of costs and taxes when purchasing property in Japan

After Purchase Services

Japan Hana provides a host of after-purchase services to ensure buyers have peace of mind when investing in real estate. 

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