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BUYING PROCESS

TOPBUYING PROCESS

Major 6 steps of buying Japanese realty

Followings are simplified general steps of realty transactions in Japan with a stress on major items.

Tokyo Property Purchase

Our residential and investment agents, some of whom held the senior positions in the past at residential investment firms that give him/her direct access to potential sellers of realty you want to buy, have extensive knowledge of the prime and central Tokyo property market.
We can assist you regarding finding the perfect property, arranging to finance, and handling related discussions with the seller.

STEP01

STEP 01
Property Search

Agent will examine a list of property to present some options. Your agent will then take you through the viewings, explaining anything you want to confirm about the property.
You need a trustworthy, experienced agent who has access to the valuable and most up-to-date listed property because in Japan nice condos or real estate is listed openly in the market – much is listed privately or off-market. This means that Media Japan Realty is taking advantageous position due to its extensive network to access off-market deals that will ensure you to have better options in terms of getting access to good pipelines and making a purchase decision.

STEP02

STEP 02
Application

When you come across the good property you like, next step is to submit an “application to purchase” letter. This is a non-binding written expression of your interest to purchase the property at a certain price with a way your intention of financing. This application explicitly shows the seller you are much interested in buying that property and will start the negotiation of transaction conditions.

STEP03

Explanation of Important Matters

Once the price is agreed among the seller and buyer, your agent will start the contracting process. The agent role is to investigate the details of the physical aspects of property and contract conditions, and to provide you with an “Explanation of Important Matters”. This document specifies the important terms of the contract. You should read and understand this document before executing your contract.

STEP04

STEP 04
Executing the Contract

Executing the contract usually is held at the agent offices. Buyer typically pay the owner a deposit of 10% of asset price or JPY 10 million at this timing.

STEP05

STEP 05
Loan Application, if you need

Media Japan Realty agent is able to advise in financing and tax issues if you require. Also, we are able to introduce you to the appropriate experts. Specifically in terms of financing, we work closely with several banks in Japan.
Once the contract is properly signed out, you can make the formal application for loan procurement. It usually takes four to six weeks for final approval after which we recommend the final closing date be set. If you use bank financing, the contract will have a clause saying that you are applying for a mortgage at a certain approval date. If the mortgage is not approved for some reason, the contract will be terminated.

STEP06

STEP 06
Execution

The final settlement usually takes place at the buyer’s bank and is handled by a judicial scrivener. The buyer will transfer the remaining balance to the seller’s account, followed by the transfer of property title to the buyer. At this table the seller delivers all the keys and important documents such as in-place lease contracts. As a result, the transfer of ownership will be settled.

We can deliver same advice and assistance to you on the realty located in Osaka and Yokohama.

buying process image
Let’s start with a consultation！

If you are interested in purchasing a luxury condo or investment property in Tokyo, then please contact us to get started a free discussion or enquire on a property you see at our website. This will allow us to get a clue to find out what is best to assist you, provide what price range will meet your criteria, and what location and factors are important to you. For additional assistance, advice and more – we can introduce you to a range of highly-experienced professionals in Tokyo.

Inquiries and Requests
Here

Your personal information filled in this form will be used only for the purpose of responding to your inquiry and we will manage it appropriately.
We will not provide your personal information without your consent.
Please check our "PRIVACY POLICY" and press the submit button.

Media Japan Realty’s Privacy Policy

Media Japan(the “Company”) regards the protection of our valued customer’s personal information and take the appropriate management of it as an important social duty. We establish the following privacy policy and are committed to handling such information with the greatest of care.

1. BASIC POLICY (LEGAL COMPLIANCE)

We make every effort to appropriately handle and to safely and reliably manage the protection of personal information and anonymously processed information (hereinafter collectively referred to as “Personal Information, etc.”), complying with the Act on the Protection of Personal Information, all other applicable laws and ordinances, and all related in-house regulations.

2. ACQUISITION AND USE OF PERSONAL INFORMATION

We acquire our customer’s personal information through appropriate and legitimate means within the necessary scope of our specific work. We shall not use such personal information beyond the scope of said work without the consent of the persons involved or unless otherwise provided for in the laws and regulations.

3. PURPOSE OF USING PERSONAL INFORMATION

Personal Information, etc. obtained from our customers shall be used only for the specific purposes described below once we obtain the person's consent or unless otherwise provided for in the laws and regulations.

1.
For Real Estate Sales/Purchases, Leases, and Lease brokerage services
[Case of providing real estate information to a third party (such as advertisement).]
1-(1) Real estate information to be advertised shall be about property types, location, price, local transportation, land and building sizes, room layouts, equipment, photos, location maps, etc. However, personal information, such as individual names, will not be included.
1-(2) Real estate information shall be provided to the other party of a real estate contract or a person who desires to sell/buy or lease real estate; either directly through registration to the Real Estate Information Network System(REINS), advertising media such as a website page, (own company website or other websites offering real estate information), real estate information journals, leaflets, newspapers, direct mail; or indirectly through the other real estate agencies (including the advertisement made by other real estate brokers with our consent).
1-(3) In the event that an agreement is concluded, a report containing the concluded date, price, etc.)　shall be made to the advertising media for cancellation of the advertisement immediately after the agreement is concluded. Information concerning the agreement conclusion shall be calculated, processed or analyzed by REINS and/or private advertisers and shall be used as the data, etc. for price assessment upon other transactions.
2.
Real estate management business.
3.
Price assessment related to real estate sales, purchase and leasing.
3-(1) When using information upon the conclusion of an agreement provided by REINS and/or private advertisers (information only on real estate property, but individual names, etc. shall not be included), and when making an assessment for the price of real estate property (prices for sale and lease).
3-(2) It may be provided as "the basis of opinion" to show the price for real estate property (price for sale or lease). However in this case, it shall be provided after trying various measures to keep out private information.
3-(3) The details of the information upon the conclusion of an agreement to be provided are the property summaries (property types, location, prices, transportation, size of land and building, room layouts, equipment, etc.). However, individual names, etc. are not to be included. The aforementioned information shall be provided by electronic data, documents or on a PC monitor screen.
4.
Consulting and support services for foreigners living in Japan.
5.
To use personal information within the necessary bounds concerning each business described in the above sub-number 1-4 such as after-sales service, information service, and customer development (for Direct Mail, etc.)
6.
To provide the information to a third party within the necessary bounds required to accomplish the above mentioned (1-4) business purposes.
The parties who will be receiving may be as follows: the other party or a person who desires to be of the agreement, other real estate dealers, distributors of real estate information, the Real Estate Information Network System (REINS), financial institutes for financing, judicial scriveners, land and house investigators, lawyers, property insurance companies, real estate management dealers, clients for price assessment, property insurance agencies, guarantee trust companies, notary public offices, relocation companies, substitute staffing agencies, transportation companies, furniture lease companies, embassies of countries where the property is located in case of the above sub-number 4, the third parties who obtained consent from the said person, etc.
Information to be provided shall meet the minimum requirements to accomplish the above mentioned purposes, such as names, addresses, telephone numbers, property information and information on the conclusion of an agreement, etc.
Information shall be provided through various methods such as documents, telephone, E-mail, Internet, advertising media and so forth.
4. USE OF PERSONAL INFORMATION THAT IS DISCLOSED

We may use Personal Information, etc. that is acquired through appropriate means from the Real Property Registry, the Commercial Registry, public sectional maps, corporate information magazines, the Basic Resident Register, the Certificate of valuation of fixed assets, telephone directories, and other sources of such information that are already disclosed or sold in order to achieve the Purpose of Use described in the preceding article.

5. HANDLING OF ANONYMOUSLY PROCESSED INFORMATION

When we create or provide anonymously processed information, we shall announce on our website necessary matters according to the Act on the Protection of Personal Information, all other applicable laws and ordinances, and all related in-house regulations. In addition, in the event of handling anonymously processed information, we shall take appropriate and necessary measures according to the Security Control Measures to protect Personal Information.

We shall not acquire “personal information with careful consideration” prescribed by the Act on the Protection of Personal Information without the person's consent unless otherwise provided for in the laws and regulations. In addition, we shall not apply opt-out (the special case to provide personal information to a third party without obtaining the prior consent of the person) to the said personal information without careful consideration.

We shall not acquire, use, or provide sensitive personal information (SPI) to third parties in accordance with the Guidelines for Personal Information Protection in the Financial Field unless otherwise deemed appropriate or necessary.

6. DISCLOSURE, CORRECTION, ETC. OF RETAINED PERSONAL DATA

When we receive a written request in the prescribed manner for disclosure, correction, or suspension of the use of our retained personal data (hereinafter referred to as "Disclosure, etc."), when we complete an identity verification of the requester through identity confirmation documents such as a copy of the residence certificate, and when we deem it appropriate, we shall disclose, correct, or suspend the use of such data.

Request for Disclosure, etc. to:

1.
Mailing address:
Media Japan Realty
ATTN: Person in charge of personal information
Corridor Square Ginza 7-Chome, 7-2-22, Ginza, Chuo-ku, Tokyo 104-0061
2.
E-mail
Please send the request by email through the form on our website.
Documents required to be submit
1.
Request for Disclosure, etc. of our retained personal data in our designated form
2.
Personal identification documents
1.
When the person requests for himself/herself Either of the followings shall be submitted:
- Copy of a document issued by a public institution such as the person’s driver's license or passport.
- The original copy of the person’s seal registration certificate (the present address to be described on and the issuance date to be within three months).
2.
When an agent makes a request on behalf of the person
In addition to the person’s personal identification document as stated above ①, the same documents of an agent on behalf of the person and the documents to identify a specific individual as the agent of the person shall be submitted.
Personal identification documents of an agent
Either of the followings shall be submitted:
- Copy of the document issued by a public institution such as an agent’s driver’s license or passport.
- The original copy of an agent’s seal registration certificate (the present address to be described on and the issuance date to be within three months).
Documents to identify an individual as an agent of the person
Either of the followings shall be submitted:
- In case of a statutory agent, the documents which certify the legal power of attorney.
- In case of a privately appointed agent, a power of attorney (sealed by the registered seal of the person)

Handling Charge

Please pay JPY 1,000 + Tax per request to our designated bank account as a handling fee for the Request for Disclosure, etc. Please also pay a bank transaction fee upon the said payment.

Our Reply

We will send a reply to a request in writing to a requester within a reasonable period of time and scope after our confirmation and research of the details of a request as well as confirming the receipt for the handling fee. We will reply directly to a requester when a request is made by an agent of the requester unless a request is made by a statutory agent. However, we may not accept a request of Disclosure, etc. in the following cases.

1.
When disclosure is likely to harm the life, body, property, or other rights or interests of the person or a third party.
2.
When disclosure is likely to seriously impede the proper execution of our business.
3.
When disclosure violates other laws and regulations.
7. DISCLOSURE TO THIRD PARTIES

We shall not disclose or provide personal data about our customer to a third party without obtaining the person's consent beforehand unless otherwise provided for in the laws and regulations. We shall voluntarily discontinue the use of our retained personal data when there is a request from the person to do so.

8. SHARING USAGE OF RETAINED PERSONAL INFORMATION

We may share the usage of our retained personal information among our following affiliated companies within the scope necessary for the said usage objectives. The items of such information to be shared may include name, company, department, position, address, phone number, e-mail address, assets information, etc., which are the minimum required for achieving the said usage objectives. Each affiliated company is responsible for sharing the usage of such personal information. For detailed information on the Privacy Policy of each affiliated company, please see the associated website page of each company.

Affiliated companies that share to use
- NBS Hotel Management K.K.
- NBS Hotels & Resorts K.K.
- NBS Hospitality K.K.
- Acomo lab K.K.

9. ABOUT SECURITY CONTROL MEASURES

We shall carry out thorough control of personal information that we acquire from our customer as follows:

1.
To ensure accuracy of personal information
We shall keep our customer’s personal information accurate and current.
2.
Security control measures
Regarding systematic security control measures of the customer’s personal information, we have a company rule established for a strict information handling and carry out careful handling based on it.
3.
Supervision of our employees
We strictly enforce rules for handling our customer’s personal information in accordance with our in-house regulations.
4.
Supervision of Contractors
When it is necessary for us to assign the handling of our retained personal information to outsourcing contractors in the future, we shall select contractors who satisfy the required conditions in accordance with our in-house regulations, and supervise them accordingly.
5.
Preservation period and disposal
We establish the period of preservation for personal information acquired from our customers, and dispose of it after the preservation period has ended. We will also dispose of it immediately if within the preservation period it becomes unneeded.
10. OUTSOURCING OF THE HANDLING OF PERSONAL INFORMATION AND SUPERVISION OF THE OUTSOURCED PARTIES

We may outsource the handling of personal information to outside parties within the scope of the use objectives. In this case, we shall ensure necessary and appropriate supervision of the outsourced parties in accordance with the Act on the Protection of Personal Information and all other applicable laws and ordinances.

11. CONTACT INFORMATION FOR INQUIRIES AND COMPLAINTS ABOUT PERSONAL INFORMATION

For questions, inquiries, and complaints about our handling of the Personal Information, etc., please contact to the following person in charge:

Person in Charge of Inquiries, etc.

ATTN : Hiromitsu Fukumoto
Phone : 03-6263-9040, E-mail : kanri@nbsg.jp
Reception time : 10:00～17:00（Except Sat. Sun, and Holidays)

12. OTHERS

In response to the change of social standards, and the progress of information technology, we shall ensure periodical review and improvement of this privacy policy and our security control measures on personal information for more thorough protection. When we revise this policy, we will announce it on our website.
Established on 1st May, 2023.
Enforced on 1st June, 2023.