Outline & Timeframe for Buying Property
不動産購入の概要とスケジュール
Buying property in Japan is generally straightforward when each stage is properly explained and prepared for.
At Yamazanmai, we make sure you understand the property, the contract, the likely costs and any areas of uncertainty before you commit. If we identify a concern—or believe specialist advice is needed—we will tell you plainly.
The following is a general guide. The precise process and timeframe will depend on the property and the circumstances of the transaction.
Purchase Procedure
Making an Offer
購入申込み
Initial offers and subsequent negotiations are handled through us as the intermediary. After a price has been accepted by both parties, we prepare a Letter of Intent recording the price and principal terms for signature. At this time, a full breakdown of expected costs is provided. After signature, the property is marked as held on our website and other marketing sites while we begin preparing documents.
Preparing Documents
契約書類の準備
We prepare the Sale and Purchase Contract and Statement of Important Matters. We check ownership, access, boundaries, restrictions and guidelines, utilities and other relevant matters, recommending specialist advice where necessary. Documents are prepared by our licensed transaction specialists in Japanese with English translations.
Timeframe: 2-3 weeks
Executing Documents & Deposit Payment
契約締結・手付金の支払い
After the important matters have been explained, all questions answered and the terms agreed, the contract is signed and becomes binding. At this point, the deposit—typically 10% to 20% of the purchase price—and 50% of the brokerage fee are paid. Unless otherwise agreed, the deposit is released to the seller at this time.
Timeframe: 1 week
Preparing for Title Transfer
所有権移転の準備
An independent judicial scrivener prepares the ownership transfer. Buyers need to provide identification, proof of address, a power of attorney or corporate documents. We coordinate this process and provide an introduction to an English-speaking solicitor where necessary. Prior to settlement, all remaining funds are sent to an escrow or holding account.
Settlement & Transfer of Ownership
決済・所有権移転
On settlement day, the judicial scrivener ensures the property’s title is clear, and any mortgages have been discharged. The held funds are transferred to the seller, and the paperwork for the ownership transfer registration is submitted to the Legal Affairs Bureau. About two weeks later, the solicitor couriers the new title deeds to you.
Timeframe: 3-4 weeks. Total time from offer: typically 6-8 weeks
Agent Fees
仲介手数料
The standard agent fee is: Purchase price x 3% + ¥60,000, plus 10% consumption tax. Different statutory limits may apply to properties priced at ¥8,000,000 or below. We confirm the exact fee and payment schedule before you commit.
E.g. the agent fee for a ¥50,000,000 acquisition is ¥1,716,000.
Taxes After Acquisition
購入後にかかる税金
Typically three to nine months after purchase, a one-time real estate acquisition tax becomes payable. Annual fixed asset tax and, where applicable, city planning tax are also payable. Non-resident owners may need to appoint a tax representative in Japan. Yamazanmai can assist with this and arrange tax payments on your behalf.
Other Costs
その他の費用
Additional costs include judicial-scrivener fees, registration tax, stamp duty, bank charges, insurance and prorated property taxes or management fees.
Property & Asset Management
物件・資産管理
Our property-management service can assist with inspections, maintenance, snow-related arrangements, insurance, bills, taxes and land management. We focus on protecting and maintaining properties rather than guest services or short-term rentals, but can introduce a trusted local rental operator where required.
Design & Construction
設計・施工
Building in Niseko is an exciting and unique process. Yamazanmai can provide impartial advice on all aspects of construction and can provide feedback on suitable buildings for the cold and snowy environment. We can also provide introductions to trustworthy architects and construction firms.
Time to Relax
あとは、ニセコを楽しむだけ
You’ve settled on the property, your registration documents are safely stored and the property is in the hands of a trusted management company. What’s next? Time to relax and enjoy Niseko’s sensational snow, fine cuisine, hot springs and beautiful summers, perhaps with a glass of wine or two.
Get in touch to discuss your opportunities in Niseko. Or browse our Niseko listings.