Buy a house in japan

 

What are the actual steps to buy a house in japan

Buying a house can be a major decision in most of our lives especially when you are from other countries and unfamiliar with the procedures of japan, you might have no idea where to start. On top of the considerable cost and the responsibility that comes with it, the complex process from getting a mortgage to actually becoming the owner of the new property can really be overwhelming, especially for first home buyers regardless if you are Japanese citizen or not.


10 steps of buying a house in Japan

  1. Got pre-qualified 

  2. Mortgage pre-approval 

  3. Home search 

  4. Purchase offer 

  5. Contract 

  6. Juminhyo transfer 

  7. Mortgage approval 

  8. House explanation 

  9. Closing 

  10. Move-in


Minimum mortgage requirements
  1. Permanent residency or Japanese citizenship 

  2. Not being black listed by credit card company, cell phone company and so on

  3. No negative credit history 

  4. Sufficient income 


NOTE: depending on your income, resident status, saving amount you can apply without permanent residency.
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