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11/8/2022

Buying a House: Finding a Home 4

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Buying a House: Finding a Home 4

How to Read a Real Estate Advertisement: Property Section
Real estate advertising is also regulated by property types. Take a look at some important points to consider when looking at advertisements for newly built properties for sale, used condominiums, and used single-family homes.
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Point 1: ​Real estate checkpoints: new construction for sale
It is important to confirm that the number of units for sale and prices are viewed differently for newly constructed properties for sale than for existing properties because, for example, several properties are sold at once in the same residential development area or condominium.
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Display example:
Property Overview
​1. Location: 1-1-1 Ko-otsu-machi Sakae-ku, Yokohama
2. Transportation: 
  • 15-minute walk from Hongodai Station of the JR Negishi Line
  • 30 minutes from Hongodai to Yokohama and 60 minutes to Tokyo Station during commuting hours, by transferring to the Tokaido Line at Ofuna Station, not including transfer time (21 min. to Yokohama and 47 min. to Tokyo during non-rush hours).
3. Total number of plots:
  • 500 plots (Proprietor: Kou Otsu Real Estate Co., Ltd.)
  • Number of plots acquired by our company: 150 plots​
4. Number of houses sold this time: 75 houses
5. Prices: 49.98M JPY (x 1)ー69.85M JPY (x 2):  26 are in the price ranges of around 55.00 JPY 
*Prices include sales tax on buildings.
Common facility contribution fee: ¥200,000 per unit
Common facility maintenance fee: ¥3,000 per unit per month.
6. Land area: 165.32㎡ー198.26㎡
7. Floor area: 120.56㎡ー135.96㎡
8. Zoning: Type 2 low-rise residential zone
9. Building structure: 2-story wooden building with a tiled roof (mortar sprayed)
10. Facilities: city water supply, Tokyo Gas, Tokyo Electric Power Company, sewage (centralized sewage treatment facility in the complex), rainwater (L-shaped ditch), system kitchen, 4-position fueling system, shampoo vanity, shower room (2 locations), bathroom (1 location), 2 toilets, air conditioning in all rooms, under-floor storage, gate, hedge, roofed car garage (for 2 compact cars), etc.
11. Road: facing the 4 meter-wide asphalt paved road for 6 meters
12. Building Permit Number: No. OO
13. Scheduled move-in: Early May of Year
14. Deposit security institution:  OO Credit Guarantor
15 . Expiration Date of Terms and Conditions: the end of May of Year 
16. Licensed by the Governor of Prefecture A, No. 54321
17. Member of OOOO Association
18. Member of OO Real Estate Fair Trade Council
19. Seller: ABC Real Estate Co.

2-17-7 Heisei-cho B City, A Prefecture
Phone* OOO-OOO-OOOO
*This example is for general newspaper and magazine advertisements.
Total Number of Lots and Number of Units to be Sold (Total Number of Units and Number of Units to be Sold)
The total number of lots is the number of all lots in the area to be developed, and the total number of units is the number of houses/condominiums scheduled to be sold. In the case of large-scale subdivisions, sales are often staggered and divided into several phases, and the number of lots and units to be sold at this time indicates the number of lots and units that are to be sold at the time of advertisement.
Price and Other Costs
Prices must in principle be shown for all properties, but when a large number of properties are to be sold, the lowest, highest, and most expensive price ranges and the number of properties in those price ranges will be shown. The prices also include costs for water, sewerage facilities and city gas supply facilities.
In addition, if there are other charges for common facilities or special facilities, and if there are maintenance and management fees for those facilities, the details and amounts of those fees will be displayed.
Zoning (common to all properties)
The zoning of the property location is displayed. The zoning district is a designation under the City Planning Act that restricts the buildings that can be built and their uses, and defines the use of land in each area. There are a total of 13 zoning districts, and the Building Standards Law defines restrictions on buildings that can be constructed, the building-to-land ratio, and the floor-area ratio for each of these zoning districts.
Facilities Overview (common to all properties)
An overview of facilities such as water and sewage facilities and gas is displayed.
Anticipated Move-in Date and Construction Date
In the case of a newly constructed property for sale, the expected move-in date will be listed if the building is not yet completed, and the construction date is listed if the building has been completed.
Agency for the Preservation of Deposits, etc.
When a real estate company (real estate transaction agent) acts as the seller itself and a deposit, etc. in excess of a certain amount (5% of the amount of the price or in excess of 10 million yen in the case of a purchase and sale before completion of construction, or 10% of the amount of the price or in excess of 10 million yen in the case of a purchase and sale after completion of construction) is paid at the time of the sales contract, the seller must take measures to preserve the deposit received. The measures to preserve the deposit, etc. may include a guarantee by a guarantee company, etc. or insurance by an insurance company, etc. This prevents the buyer from being unable to recover the deposit paid in the event of the seller's bankruptcy before delivery. The agency that implements the security measures can be confirmed in the advertisement.
​Expiration Date of Terms and Conditions
In the case of newspaper inserts, etc., the expiration date of the terms and conditions is displayed. In the case of Internet, the information update date is displayed. Properties with good conditions tend to attract buyers quickly, so it is important to check the validity period of the terms and conditions as well as the date when the information is updated.
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Point 2: ​Real estate checkpoints: used condominiums
Although many used condominiums are undervalued in terms of property price, they may incur large repair costs due to the aging of the property. Here are some items to check that are unique to used condominiums.
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*These examples are for general newspaper and magazine advertisements. Examples of company name, building license number, name of organization, company address, etc. are omitted.
1. Exclusive Area
This is the area of the portion owned by the buyer. In principle, the wall-core area measured from the center of the wall is indicated, but in the case of an existing condominium, the area may be indicated by the area of the registration record (registry) measured from the inside of the wall. Balconies are common areas, so their area is not included in the exclusive area.
2. Building Structure and Stories
Indication of the building structure may be omitted. The phrase "5th floor of a 10-story building" indicates that the condominium building is 10 stories high and the house being sold is on the 5th floor.
​3. Year and Month of Construction
The year and month when the building was completed are indicated, rather than the year of construction. Even if the property has never been occupied, if more than one year has passed since construction, it is treated as a used property in real estate advertisements.
4. Management Fee (common to all condominiums)
The monthly management fee and reserve for repairs are shown. In addition, there may be fees for parking, trunk room, and private garden. In addition, the management system may be displayed as "Resident" (when a janitor is stationed at the property), "Day shift (commuting)" (when a janitor is stationed only during the daytime), "Patrol" (when a janitor patrols multiple apartments), or "Self-management" (when no janitor is stationed at the property).
Picture
Point 3: ​Real estate checkpoints: used single-family homes
Each and every existing single-family home has different characteristics. First, check to see if the size, floor plan, year of construction and location match your needs.
Picture
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*These examples are for general newspaper and magazine advertisements. Examples of company name, building license number, name of organization, company address, etc. are omitted.
1. Private Road Area
When the land to be sold includes a private road, the area of the site and the area of the private road burden are indicated separately. If the private road portion is owned solely, the area is indicated as "private road burden 20㎡", etc. If the private road portion is shared with surrounding owners, the ratio of ownership is also indicated as "private road 100㎡, 1/5 of ownership".
2. Floor area of the building
If the floor area of the building includes an underground garage or basement, a statement to that effect and the floor area is also shown.
3. Car Garage
A "carport" is a simple parking facility with only a roof and posts. A building that can store cars and has a roof and walls can be labeled "with a garage. Otherwise, ambiguous indications such as "with a garage" or "cars allowed" are prohibited.
4. Year and Month of Construction
The year and month when the building was completed are displayed, not the year of construction. Even if the property was expanded or remodeled after construction, the year of construction at the time of completion will be displayed. Even if the property has never been occupied, if more than one year has passed since construction, it will be treated as a used property in real estate advertisements.
5. Location
It is permitted to omit the detailed lot number of the property location. In addition, the location shown in the advertisement is based on the registered lot number, not the residence indication number. Please note that in some areas the registered lot number and the residential indication are the same, but in others they are different.

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Real Estate agent in Kyoto, Buy and Sell, Leasing, Renovation and Construction, Management for Investment and Vacation Property, Professional Services for International Customers. We deal in KyoMachiya houses, detached and attached Houses, new and old Condominium Apartments, Block of Apartments and Buildings for Commercial, Residential and Investments use, Manage and Support Operation and New Development of Guesthouse, Ryokan and Hotel, Total Supports for Land and Buildings Real Estate in Kyoto.
Yours sincerely, Founder Ken Hayashi
Real Estate Broker Company License No. Kyoto-Fu Governor ( 1 ) 14044 , ​Member of Kyoto Association of Residential Land Building Business
  • Home
  • Study
    • Rights of Property >
      • Real Right and Credit
      • Rights to the land and Rights to the building
    • the Building Lots and Buildings Transaction Business Act >
      • Laws Related to Real Estate Transaction in Japan
      • (1) Laws Concerning Land Use
      • (2) Laws Concerning Construction of Buildings
      • (3) Laws Regulating Real Estate Companies
      • (4) Laws and Regulations Concerning Advertisement
      • (5) Laws Concerning Contracts Including Sales Contracts and Lease Contracts
      • (6) Laws concerning Titles and Rights
      • (7) Laws Concerning Real Property Registration
      • (8) Laws Concerning Condominium Management
      • (9) Laws Concerning Defects (Faults, etc.) of Housing Properties
    • How to and Procedures >
      • Process of Real Estate Sale
      • Process of Real Estate Purchase
      • Cost by Transaction
      • Important Points Explanation
      • Real Estate Sales Contract
      • Property Condition Confirmation
      • Facilities and Equipment List
    • Building Management >
      • Process of Residential Property Management
      • Process of Real Estate Leasing >
        • Idea of Lease Agreement
      • Process of Vacation Home Management
    • Related Acts
    • Glossary >
      • Real Estate Glossary in Japan
    • Tax in Japan >
      • Consumption Tax
      • Property Tax
      • Capital Gain Tax
      • Withholding Tax
      • Taxes on Gifts and Inheritances
    • Q&A >
      • Q&A
  • Local
    • Learning
  • Latest Information
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    • We Love Kyoto
  • Column
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    • Records
    • Partners
    • Cookie Notice
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