2024年06月04日 更新
Process for the Conclusion of a Purchase Agreement
In conjunction with the conclusion of a purchase agreement, we would like to explain each process that you will need to go through, namely, the implementation of a pre-check on loan eligibility, the explanation of important matters and the conclusion of a purchase agreement.
- Application
(Request for negotiation)
If you decide on a property that you wish to purchase, you are requested to fill out a Real Estate Purchase Application Form.
You will complete the Real Estate Purchase Application Form by entering the price of the property that you wish to purchase, payment method, possibility of using a housing loan(s) and the desired delivery date, among other matters, and affixing your name and seal.
※All parties who execute a Real Estate Purchase Agreement need to have their identities verified prior to the conclusion thereof. - Pre-check on loan eligibility
Check housing loan eligibility in advance to facilitate the agreement process.
If you intend to take out a housing loan, prior to the conclusion of the agreement, we recommend that you check with the financial institution whether a loan(s) is possible under the terms and conditions you wish to take. - Explanation of important matters
Thoroughly check the status of the property and agreed details based on the explanation of important matters.
The explanation of important matters, as the name indicates, covers important matters related to properties before a purchase agreement is concluded between the parties. Its clauses include the relationship of rights described in the register, legal constraints for future reconstruction, the relationship between the site of a property and adjacent roads, and provisions in the event of the cancelation of the agreement.
Our sales representative(s), a qualified real estate broker, will explain the details using the explanation of important matters.
※ Our sales representative(s) will explain the details of brokerage operations and provide an outline of the explanation of important matters in advance. - Conclusion of a purchase agreement
The buyer and the seller enter into an agreement with regard to the purchase and sale of a property, based on which a Real Estate Purchase Agreement will be concluded.
When concluding an agreement, the parties will reconfirm the agreed-upon details for the final time based on a Real Estate Purchase Agreement that sets forth provisions including the details of transactions and the rights and obligations of the parties. By using a report on the status of the property, etc. and a list of facilities, the seller will explain the status of the property and facilities included therein. An agreement is deemed to be officially concluded subject to the seller and the buyer affixing their respective names and seals, and the buyer paying earnest money
(10% of the price of a property).
