QandA about Selling

• Q.What is the process for selling real estate?

  A.There are six steps in the process of selling real estate:
  
  1.Consultation and Condition Assessment
  2.Preliminary Investigation and Appraisal of the Property
  3.Mediation Agreement
  4.Sales Activities
  5.Purchase Application
  6.Final Payment and Property Handover
  

• Q.How long does it take to sell real estate?

  A.The process from consultation to completion and handover usually takes about 3 months to half a year.

• Q.Is the appraisal of real estate free?

  A.Yes, it is free. There are two types of real estate appraisals: desktop appraisal and on-site appraisal. By comparing similar cases in the surrounding area and the target property, the appraiser estimates the "appraisal price" within about three months.

• Q.What are the necessary costs for selling real estate?

  A.The main costs for selling real estate are:
  ・Stamp duty for the sales contract
  ・Transfer acquisition tax
  ・Registration-related expenses
  ・Fees paid to financial institutions for lump-sum loan repayment

• Q.Do I need to declare taxes when selling real estate?

  A.If you have made a transfer acquisition through the sale of real estate, it is necessary to file a tax return. If you sell a house you have lived in, you can reduce your taxes by filing a tax return, and if you incur a loss, you may receive a refund.

• Q.I am undecided whether to sell or rent out my property. Which is better?

  A.Considering the risk of vacancy, fixed asset tax, and repair reserve fund, there is a possibility that renting out may not be profitable. Also, as the age of the property increases, the selling price may decrease compared to the current appraisal price. Whether to sell or rent out depends on individual circumstances and the property, so please consult with us.