When you consider purchasing property, here is a typical step by step procedure:
Selecting a property
Signing the contract
Please ask our staff (International Sales Team) when your criteria was determined such as price-range, expected return, location and asset type.
While looking for your property on the Internet, nomu.com (English website) is very useful. Targeting properties that meet your criteria can be found among our real estate data.
Please also rely on our consulting staff who can support you sincerely with English/Chinese. We can also provide newer information as well as the market trends.
Once you selected a property, next step is to "see" the real one in person. It is very important to check the property itself and the surrounding environment . We can provide you more detail information after you submitting "Confidential Agreement" (CA) or "Non-Disclosure Agreement" (NDA) about the proerty.
After you checked all the documents provided by Seller-side and fixed your financial scheme, you need to make a “Letter of Intend" (LOI)” which includes purchasing price, and your conditions. When Seller side accept your offer, they usually issue "Consent For Sale" to Buyer-side.
While preparing "Sales and Purchase Agreement", we make "Explanation of the important matters" which is a duty of the real estate agency in Japan. This will include the property’s registered information, regulations by the City Planning Law and the Building Standards Law, information regarding cancellation of the agreement, and other related matters. When you enter a purchase agreement, "Down payment" (usually 10%-20% of purchasing price) will be needed.
Paying remaining balance (purchase price minus down payment) and "registration procedures" by judicial-scrivener must be carried out at the same timing. When the meeting of delivery of property, usually Seller, Buyer and other related persons gather together.