Guide to Selling Properties in Japan
The Flow of Property Sales - Fees and Procedure
This guide will take you step-by-step through the real estate sales process all the way from the valuation and sale of a property to the moving out of a property.
In this guide we will go over the procedures for selling a property, the types of mediation contracts, necessary fees, documents, and items.
Step 1Consultation for selling and valuation of the property
The biggest concern everyone has when selling a property is “how much is my home worth?”
An assessment of the property’s value is the first step in selling your property. PLAZA HOMES can assist you by assessing the market price of your property in Central Tokyo for free. We will suggest an appropriate market price for your property by taking into consideration the living environment, the neighborhood, similar properties in the area, market trends, and any other factors that may affect the price.
Aside from the assessing of the property’s price, we also consult with our customers about a variety of requests and concerns they may have.
Please do not hesitate to contact us at any time about any questions or concerns you may have.
Free property valuation & consultation
When you sell a property in Japan miscellaneous costs will arise, such as commissions and taxes. Your net profit is calculated by deducting the miscellaneous fees and taxes from the sales price. You can ask your real estate agent for the total amount of miscellaneous costs and fees, and check with your local tax office to find out about the taxes incurred.
Necessary costs and taxes to sell a property
|Taxes||Stamp Duty||Document stamp tax required for the contract.|
|Income tax ・ Residential tax||From the profit of the sales.|
|Agent commission||3% of the sales price + 60,000 yen + consumption tax in accordance with property transaction regulations.|
|Disposition of mortgage fee||Required if your mortgage has not been paid off.
Approximately 15,000 yen per mortgage.
|Commission for the Legal Scrivener|
|Other Costs||Surveyor’s commission (A/N)||The fee for land surveying to determine the boundary points.|