How do I go about selling a real property in Japan I inherited?
I have been trying for 2 years to get this done. I am completely stumpped! HELP!!
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- You would have the best luck contacting a fudousan (property sales) service in Japan - preferably located near the property itself. They will take care of the Japanese end of the paperwork (of course taking a small cut in the profit). I don`t know what country you live in now, but the paperwork on that end would have to be taken care of also. You may encounter problems trying to sell the property if you have not been paying property taxes on it over the time you have owned it. If you would like me to help you connect with a property selling place, please email me.
- ♡I take it you're not living in Japan? The best thing for you to do is to contact a Real Estate Agency in the area where the property you inherited is located. Once you engage their services they will handle all the details for you. (If you do NOT speak Japanese, please take a Japanese speaking person with you to avoid any misunderstandings on your part. That way, everything will go smoothly and as you would expect.) I would suggest you have all the proper documents in order. You may have to actually be here (in Japan) to do this as your hanko, or signature, will be required with proof of ownership and valid ID (and so on) before anything can be done. You can pay the company a fee to carry out and complete the sale of the property with your final OK on the selling price. They will also take their percent of the sale. Keep in mind, the sale could be quick or take a long time depending on the type of property, location, condition... You may have to be in Japan for the finalization of the sale as well. You can then advise them as to how to deposit or transfer the funds to your account. Please note, you will have to pay a tax on inherited property in Japan, but it's not as much as you would pay on a "gift tax". You may want to set up a bank account in Japan since the money will be in Japanese yen. You'll want to exchange it, I guess, so a bank would be your best bet. I don't know what country you're in but be sure to check the guidelines for transferring money from one country to another so that you avoid any legal and tax problems. Check the English sites below for a little info on real estate in Japan. Hope this helps you. Good luck to you!♡
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