Buying Japanese Property Remotely: Key Differences to Expect

Investing in Japanese real estate from overseas is achievable, but the process involves some unique steps compared to other markets. As Property Pilot Japan, my role is to guide you through these specific aspects smoothly. Here are some key points to be aware of:

Remote Assessment is Common

Especially for tenanted investment properties, internal viewings are often restricted by tenant privacy laws. Assessment relies heavily on analyzing provided documents, photos, financials, and using tools like Google Street View. My local insight helps bridge this gap.

Formal Offer Stages

Making an offer typically involves submitting a formal Purchase Application (kounyuu moushikomisho). If accepted, a Proof of Intent to Purchase (kaitsuke shoumeisho) might follow to solidify the agreement before the final contract. A deposit is often required.

Mandatory Pre-Contract Briefing (Juuyou Jikou Setsumei)

Before signing the final contract, Japanese law requires a licensed real estate agent to explain all crucial details about the property and transaction. For remote buyers, this is conducted via video conference, and I provide simultaneous translation to ensure your full understanding.

Central Role of the Judicial Scrivener (Shihoshoshi)

A licensed legal scrivener is essential for handling the official registration and transfer of property ownership. They manage the legal paperwork and ensure the title is correctly registered in your name.

Specific Documentation for Overseas Buyers

You will likely need to provide documents like notarized affidavits confirming your overseas address, in addition to standard identification (passport). I guide you through obtaining the necessary paperwork.

Tax Representative Requirement

Non-resident owners earning rental income in Japan must appoint a local tax representative (nozei kanrinin) to handle communications with the tax office. Property Pilot Japan offers this as an optional ongoing service.

Property Pilot Japan's Role & Initial Fee

As your dedicated buyer's representative, Property Pilot Japan facilitates this entire process. Our comprehensive initial service covers consultation, sourcing assistance, and full purchase facilitation (Steps 1-7 outlined in the detailed Purchase Process Guide).

• Initial Service Fee: 150,000 JPY (+ consumption tax).
• Payment Timing: This fee, plus any agreed-upon travel costs for property viewings (if applicable and feasible), is payable before Property Pilot Japan undertakes property viewings on your behalf or enters into formal negotiations for a specific property.

This brief overview highlights some key procedural differences. Property Pilot Japan is here to navigate these complexities for you, leveraging my personal experience and bilingual skills.

Ready to start? Please contact me to discuss your goals.