When considering purchasing real estate, the steps are as follows:
Steps
STEP
Consultation and Property Search
In the initial consultation, we will go over criteria such as budget, location, size, asset type, expected return, etc.
After the consultation, we will search your desired properties through the Real Estate Agent’s Internet system and other capabilities.
STEP
Property Viewing
The next step is to see the properties in person. It is crucial to check not only the property itself, but also the surrounding environment.
STEP
Brokage Service Agreement and Written Offer of Purchase
Once you have decided on a property, we will form a brokerage service agreement between us.
Then, we will send a written offer (a purchase application form) to the property seller, stating your intention to purchase.
STEP
Disclosure Statement
We will preparea “Disclosure Statement” in accordance with the law. This is a requirement of real estate agents in Japan. We will explain the “Disclosure Statement” to you. It will include the property’s information, regulations by the law, cancellation of agreement, etc. Then, we will also offer you a written document of it prior to the sales contract.
STEP
Contract
The contract will be concluded between you and the seller. At this point, a 10-20 ％ down payment is normally required along with the stamp duty.
STEP
Possession & Handover
After the owed payment is given to the seller (the purchase price minus downpayment), the registration of possession is performed by the judicial scrivener.
Last step
Moving-in
We will write up an arrangement of property management contract if necessary.
Congratulations! You will have successfully moved in with the support of Osaka Arigato Property.
