Selling Guide

Selling Real Estate Properties in Tokyo, Osaka, Okinawa, and Atami

Step 1: Consultation for selling and valuation of the property

ERI Enterprise can assist you by assessing the market price of your property in Tokyo Tokyo, Osaka, Okinawa, and Atami.
When one sells a property in Japan, miscellaneous costs will arise, such as commissions and taxes. The net profit is calculated by deducting the miscellaneous fees and taxes from the sales price.

Step 2 List your property for sale and advertise

Once a selling price agreed upon and set, ERI enterprise makes the mediation contracts. There are three types of mediation contracts: “non-exclusive agency listing”, “exclusive agency listing”, and “completely exclusive agency listing”.

Step 3 Real estate sales contract

When a buyer is found, you’ll receive an “offer to purchase” or “application form” from the real estate agent. This form will state the buyer’s desired price, the schedule for signing the contract, payment method, desired hand-over schedule, and other conditions.

The seller needs to disclose the condition of the property when preparing the real estate sales contract. It is essential that the present condition of the property is clearly and properly explained to the buyer to avoid any trouble during the selling process. The following items are needed for signing the sales contract

• Registration certificate
• Jitsuin Officially registered seal(If a foreigner doesn’t have one, one can substitute with registered signature.)
• Original copy of seal registration certificate (issued within 3 months)
• Stamp Duty
• Photocopy of ID such as you passport and driver’s license
• List of facilities
• Confirmation Note of Inspection of the Premise

Step 4 Delivery of the property

The property will be delivered once the remaining balance is settled. The seller needs to make sure that the property will be ready to be handed over to the buyer by the balance settlement day.
Required items when settling the remaining balance

• Registration certificate
• Jitsuin Officially registered seal (If a foreigner doesn’t have one, one can substitute with registered signature.)
• Original copy of seal registration certificate (issued within 3 months)
• Tax certificate
• Agent commission
• Registration fee (Registration of change of residence, registration of mortgage disposition if needed)
• Keys for the property
• Other documents (Management regulations, manuals for the equipment, etc.)