Buying a House: Finding a Home 4How 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.  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.  Display example: Property Overview 1. Location: 1-1-1 Ko-otsu-machi Sakae-ku, Yokohama 2. Transportation:
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.  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.   *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).  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.   *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. Comments are closed.
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AuthorArrows International Realty Corp. Archives
December 2022
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