Steps to Acquire Property at Auction: Frequently Asked Questions

In the fascinating world of real estate auctions, the opportunity to acquire unique and attractive properties often comes with many doubts and questions, especially for beginners or those unfamiliar with the process. If you’re considering delving into property acquisition through auctions, this article is designed to address your concerns. In this brief piece, we aim to tackle the frequently asked and recurring questions that may arise for those looking to acquire a property during the thrilling auction process with Your House in Japan.

Can a foreigner/non-resident buy a house in Japan?

Yes, foreigners and non-residents can buy properties in Japan. Japan does not impose specific nationality-based restrictions on real estate purchases. However, the process may have certain additional requirements and challenges for foreigners compared to Japanese residents. This is why we work diligently to provide our clients with the utmost security in this regard.

We want a house in a specific city/area. Do you have houses in this city/area?

Yes, we have an extensive listing of auction properties in various cities and areas of Japan. However, it’s important to note that this service is exclusively designed for our clients. We work directly with those who have chosen to join us and benefit from our expertise in real estate auctions. By becoming our client, you’ll have privileged access to our property database, allowing us to collaborate more personally to find the perfect house in the specific city or area you’re looking for.

Can you provide more information/photos about a property?

Your House in Japan works to provide maximum information, but we must consider that our ability to disclose specific details may be subject to the policies and restrictions of the corresponding auctions. Our priority is to offer detailed and accurate information to our clients. We strive to share relevant information at the right time, ensuring transparency and customer satisfaction.

What do I need to do to become a client?

The process is easy, and we’re here to guide you at every step. To begin, you can contact us through the information provided on our website, social media, email, or WhatsApp Business. We’ll start with an initial interview, either in person if you’re in Tokyo or its surroundings or through a video call. In this meeting, we’ll provide detailed information about the process and answer all your questions.

After the first interview, we’ll schedule a more detailed meeting. During this encounter, we’ll gather all the necessary information and agree on terms and conditions. Additionally, the first payment will be made to cover initial expenses. Once these steps are completed, we’ll assign one of our experts to guide you through the entire process, from searching to the final acquisition of the property.

Why is an initial payment required?

The practice of requesting an initial payment or advance fees on our part is very common and is supported by several reasons:

Commitment and seriousness: By requesting an initial payment, the client demonstrates their commitment and seriousness to property acquisition. This initial payment helps ensure that the client is actively involved in the process and is committed to the effective purchase of the property.

Initial costs: In most cases, there are initial costs such as preliminary investigations, document submission, and other activities related to property acquisition. The initial payment helps cover these initial costs.

Protection of the expert’s time: Consultants dedicate time and resources to each case, and the initial payment helps protect the professional’s time, ensuring that the client has a genuine interest in proceeding with the purchase.

Professional fees: Experts depend on fees for their services. The initial payment is often considered an advance on total fees and ensures that they are compensated for their time and expertise.

What are the prices of your services? Are they more expensive than those of a real estate agency?

Our prices are comparable to those of real estate agencies in Japan, which typically range between 800,000 and 900,000 Japanese yen in total. However, acquiring a property or house through Your House in Japan offers several significant advantages:

1. More affordable prices: The properties we offer are usually considerably cheaper than those found in traditional real estate agencies.

2. Flexible payment structure: Payment is divided into three parts: the first payment at the beginning of the process, the second when starting the property selection, and the last one upon completion of the process, once the client has obtained the desired property and pays the property.

3. Personalized and family-oriented service: We strive to provide a close and personalized service at all times, preferably in the client’s language, to ensure a satisfactory and hassle-free experience.

Do you offer loans to access auctions?

Unfortunately, we do not offer loan services or act as a credit institution. We do not have the capability to provide direct financing or offer specific recommendations regarding banking institutions. However, we are here to assist you with everything related to auctions.