15 October 2010

Buying Real Estate

     When we began looking for land this past August, we really wondered where to start.  This was actually a process we had undertaken 8 years previous, but we had never followed through on a purchase back then because we didn't have our Permanent Residency and also because we were ambivalent about staying in Japan for long at that time.

     So this time, we started looking at available land and properties on the internet but we wanted to get in touch with a Realtor that would help us track that piece of land that would best suit us.  We didn't want to buy a used home, knowing that the building standards have evolved in recent years.  We didn't want to buy a prefabricated home either (Tate-uri) because we had very specific needs that were simply not adressed by ready-made homes.  We had already seen a few and weren't impressed.

 

     We first visited a Real Estate Agent near Kichijoji Station who introduced 3 pieces of land.  Surprisingly, the agent was only midly interested in helping us, and after our initial meeting, he never contacted us again.  We never went back there either.  We then visited Landmark Real Estate Agent where we met with Fujimori-san and Miyao-san, who were both keen on assisting us without being overly zealous.  That's an important point because we didn't want to feel rushed.  They showed us 3 pieces of land and took us to see one of them. 

    In the evening, we took our bikes and peddled on over to see one of the proposed lands, and that's when it happened!  We fell in love with it!  We were unable to even consider any other land after that.  So it was hard to bluff with Fujimori-san on our next meeting and not let it show that we REALLY wanted this one.  Fujimori-san showed us a couple more places, but finally, by the end of the meeting, we were making an offer...


   Land prices have been dropping in and around Tokyo over the past few months.  This particular land was originally posted at a much higher price than what we got it for.  The difference between last year's price and this year's was 1000 man yen (approx. 100,000 dollars).  We still requested a rebate on the asking price, and confirmation that our offer had been accepted came to us the very next day.

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