Hi there, excluding the issue of long term living (e.g., VISA, etc) it seems pretty affordable buying a property from 地元不動産業者のサポートを受けられる競売不動産検索サイト!981.jp is it?
do you maybe get to know the neighbours around to earn their trust so you can buy the property? where is the trick?
These could be abandoned properties, not just foreclosed like the website indicates. These properties generally fall into one or more of the following categories:
Need a lot of work or even demolition
Are "farm" properties that have requirements for farming
Are for the building only on leased property
Are in a location that is undesirable for some reason (very remote, close to something noisy/smelly/ugly, not well suited for development, far from the station)
Structures (houses, buildings) in Japan depreciate (go down in value) over time and, because of this, are often not maintained well
The land maybe leased, meaning you are buying only the building
Old apartments that are in poor condition or a bad location (long walk to the train station for example)
The other thing to note is that it is an auction site, so the price listed is the starting bid, not necessarily what you would pay. Its also sealed (silent/hidden) bids so you have no way to know until the bidding is done whether you are the high bidder or not.
Hi there, excluding the issue of long term living (e.g., VISA, etc) it seems pretty affordable buying a property from 地元不動産業者のサポートを受けられる競売不動産検索サイト!981.jp is it?
do you maybe get to know the neighbours around to earn their trust so you can buy the property? where is the trick?
There is another factor that needs to be mentioned. The further away a house is from a large metropolitan area like Tokyo, the cheaper it is likely to be. For many families living 'way out in the countryside', the children have grown up and moved to a big city and have no desire to move back to their countryside home. This has caused a large number of such homes to come on the housing market at a very cheap price. In which part of Japan are you thinking of buying a house?
there is long road yet, this is kinda long-term plan since still need perm residence etc after checking that guy's video one remaking barrier is the around 700k yens in taxes for anything you buy @Buntaro
I just watched this video, this lady bought an abandoned mansion for about 100k, but probably spent more than that on cleanup and renovations
There's an instagram account that posts about cheap properties and akiya, it's nice to fantasize about a nice quiet life in the countryside
For some properties (something like a condo) there are likely years of unpaid fees for maintenance/management the the buyer will become responsible for.
This is the "catch" with some free properties--the seller gives away the property and escapes liability, which transfers to the buyer.