Special Topics

Bridging the Language Gap: How Yamamoto Property Advisory Ensures Clarity in Japanese Real Estate Contracts

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For Foreigners: The Importance of Japanese Contracts and How to Explain Them？

 

Pros and Cons of Conducting Real Estate Transactions for Foreign Clients Using Contracts Translated

into Foreign Languages

 

We found a very interesting article on the Real Estate Transaction Promotion Center’s (公益財団法人　不動産流通推進センター）website.

In this article, we will share the content and inform you of our company’s approach to this issue.

 

Background and Key Figures

The background of the article is based on a consultation with a real estate company (Not Yamamoto Property Advisory)

that is not experienced in handling foreign clients.

As real estate transactions with foreign clients increase, said brokerage firm, specializing in sales and rentals, faces the challenge of preparing transaction documents

in foreign languages and arranging interpreters.

 

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Bridging Cultures in Property: Insights for Foreign Investors in Tokyo

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1. Introduction

This article delves into a critical case study that surfaced in the real estate sector, highlighting not only the complexities inherent in property transactions

but also underscoring the indispensable role of diligent research and ethical practices in this field.

At the heart of our discussion is a real estate transaction that unraveled into a legal and ethical quagmire, involving a buyer, a broker, and a seller.

 

This case, which led to the administrative sanction of a broker for failing to return a deposit after a deal’s cancellation,

serves as a quintessential example of the pitfalls that can occur in real estate dealings.

 

The importance of this case extends beyond the specifics of its narrative.

It sheds light on a wider issue in the real estate industry: the necessity for transparency, legal compliance, and ethical conduct.

For potential buyers, sellers, and even real estate professionals, this case underscores the crucial need for thorough research and due diligence.

 

In an industry where transactions involve significant financial and emotional investments,

the consequences of neglecting proper checks and balances can be dire.

Our exploration of this case begins by setting the scene — outlining the key events as they unfolded,

and the roles and responsibilities of the involved parties.

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Investing in Japanese Real Estate through Mortgage Property Auctions: What Foreign Investors Need to Know

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Investing in Japanese Real Estate: What Foreign Investors Need to Know

Japan is a country with a rich history and culture, and its real estate market is no exception.

With its unique blend of modernity and tradition,

Japan offers a wide range of investment opportunities for foreign investors.

However, investing in Japanese real estate can be a complex process,

and it is important to understand the legal and

cultural nuances before making an investment.

As a real estate agent based in Tokyo serving foreign investors,

I have seen first-hand the potential for growth and success

in the Japanese real estate market.

In this article, I will share some key information t

hat foreign investors should know before investing in Japanese real estate.

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Japan’s Skilled Worker Shortage: How the Proposed Changes to Immigration Policy Affect the Real Estate Market (Breaking News)

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Will permanent residency be

given to foreign workers?

 

 

As a real estate agent in Japan targeting foreign investors,

 

it’s important to keep up-to-date on the latest changes to immigration policy.

 

On April 24th, the Japanese government proposed a significant expansion of

 

the “Specified Skilled Worker 2” residency status, which allows skilled foreign workers to work in Japan.

 

If approved, this would allow for unlimited employment of foreign workers in 12 sectors facing labor shortages.

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What is the point system for highly skilled personnel? (Japan’s green card)

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What is the point system for highly skilled personnel?

 

Are you looking to work and live in Japan as a highly skilled professional?

 

If so, the Highly Skilled Foreign Professionals system may be just what you need.

As a real estate agent targeting foreign nationals, it’s important to provide information

about this program to your clients.

 

This system was introduced in 2012 to provide preferential treatment for highly skilled professionals from overseas,

with the aim of promoting economic growth.

 

To qualify for the program, candidates must accumulate a certain number of points based on the criteria

such as academic achievements, work experience, and salary level.

There are three categories of eligible activities: advanced academic research,

advanced specialized/technical work, and advanced business/management work.

If a candidate accumulates at least 70 points, they can enjoy preferential immigration control

and residency management treatment.

This includes perks such as multiple residence activities, a five-year period of stay,

and priority processing for immigration and residence procedures.

Spouses, parents, and domestic servants may also be allowed to accompany the highly skilled professional under certain conditions.

Furthermore, after three years of being a Highly Skilled Professional No. 1,

individuals may become eligible for Highly Skilled Professional No. 2 status, which grants an indefinite period of stay and additional benefits.

As a foreign real estate agent, it’s important to communicate the benefits of this system to your clients.

This program offers a great opportunity for highly skilled professionals to work and live in Japan,

and you may be interested in finding a suitable property to live in during your stay.

 

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Soak feeling the wind from the ocean? Interesting opportunity : Atami onsen resort (YouTube)

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Soak feeling the wind from the ocean?

Some outside baths in Atami is only 5m away from the ocean. 

You can soak feeling the wind from the ocean.

Atami is a very popular getaway destination and is renown of the onsen in the area.

It is also one of the primary locations for diving in Izu.

I visited Atami in May 2019 with a client.
You can enjoy the great ocean view from the hot onsen tub in Japanese style hotels.

It has been dead for a long time but regained the tourists for a last
few years.

It is now one of the hottest tourists spots near Tokyo.

It is only 60 min away from Tokyo and you can take shinkansen from there.

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We support akiya investment but only on a fee basis (YouTube)

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Are you interested in Akiya ?

We receive an inquiry almost everyday about akiya investment.

They are mainly from western countries such as US,  Canada and Australia.

Almost everyone just wants to buy a cheap akiya house for their financial benefit.

But akiya investment is not easy.

The stickiest issue is the renovation cost.

It could be very significant and a way more than the value of the houses.

We don’t search akiya for free.

If you want to buy akiya,  you need to hire me on a fee basis

otherwise please contact other agents who can handle akiya on a commission basis.

(but I do not think there is any)

 

You need to understand how the Japanese system works and the traps and

challenges that exist.

Akiya (unused house) is cheap for a reason !

 

Please watch my YouTube video for more details.

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Can foreigners get a MORTGAGE LOAN for home in Japan ? : Key Factors

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Are you curious about the mortgage loan in Japan ?

Few individuals have enough savings or liquid funds to enable them to purchase property outright.

It is normal for home purchases to be funded by a mortgage loan.

A mortgage loan is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds

for any purpose, while putting a lien on the property being mortgaged.

The home mortgage loan is widely available in Japan, too.

The best referral source for obtaining a foreign national mortgage loan is a local real estate broker that works in Japan.

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Japan’s green card by the real estate investment ? : How long does it take and how ?　（YouTube Part-1)

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Part-1

Japan dramatically relaxed the green card regulations a few years ago.
Now you could get the green card by investing in Japan with 1 year stay (earliest)
The government is not selling the green card but you can
intelligently leverage the real estate investment for the preferential treatment.

How ?

Again Japan is not selling the green card.

However the real estate investment (or any other type of business

by establishing your entity here) should work if you are willing to invest and create your start up in Japan.

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