A Guide to the Property Selling Process in Japan

A Guide to the Property Selling Process in Japan

Real estate transaction practices often vary significantly from country to country. In this article, we introduce the general process of selling real estate in Japan. 

1.    Inspection / Price Investigation
Request an appraisal of your property, and obtain professional advice on market prices, expenses, tax liabilities and sales strategy.

2.    Signing Brokerage Agreement
Choose a type of brokerage agreement that suits your sales strategy and the characteristics of your property.
 

3.    Searching for Buyers
Begin marketing your propety through Mitsui’s extensive network and utilize media exposure (such as Mitsui's website) to promote your property as widely as possible.
 

4.    Signing Transaction Contracts
Negotiate contract terms and conditions with the buyer and execute transaction contracts including the Purchase & Sale Agreement and disclosure statement.
 

5.    Preparation for Property Handover
Prepare for closing and delivery of your property, including removal of any liens, and cancellation of utility contracts such as power, city gas, water/sewer, and telephone.
 

6.    Closing
Transfer title and deliver keys in exchange for sales proceeds to close the transaction. Settle management fees and property tax.

Selling a property is not simply a transaction; it is an important strategic decision that can shape the next stage of your investment journey or wealth succession plan. By understanding the right timing and the proper procedures, property owners can achieve a smoother, more secure, and more successful sale.

If you are considering selling your property in Japan and would like tailored advice, our team would be pleased to help you navigate the process with confidence and discretion.
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