How do I go about selling a real property in Japan I inherited?
363327
♡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!♡
89254
call a broker or resale agency. they are usually connected through loan agencies.
1118603
You don't say what part of the world you live in.\nHere's a good place to start:\n\nReal Estate Groups\nhttp://groups.msn.com/browse.msnw?catid=135
2355
I'm a real estate agent in Texas (Just a disclaimer)\n\nYou can try the US Embassy in that country - their internet site is http://usembassy.state.gov/abidjan/\n\nJust an FYI - Unless the laws have changed (and with all the turmoil over there they may have), you can own property, but only in urban areas. Rural areas are off limits. The legal system over their is.. weak, and therefore obtaining a mortgage or owning a property outright (freehold) is very difficult. For this reason most real estate transactions are leaseholds.\n\nIt's been a long time since I've sent a referral to Africa, but I might be able to dig up a good qualified professional in Abidjan to help you out. E-mail me and we can talk.
376305
try a run at foreclosed land - government auctions or vacate land in that region.\n\n\n\n\n\nhere's one to get you started.
132034
the first thing i would do is contact a local (in S. America) realty company.  If you dont' speak the language, it's likely that someone speaks english there, but a better bet is to get a trustworthy friend here that can translate for you.  And whatever they tell you (they'll tell you exactly what you want to hear, they love outside investors) make sure you get a second opinion.  So, I think a s. american realty company would be your best bet.\n\nYou can also try and call some major banks, see if they do it, and even if they don't, i'm sure you will find some smart person that can point you in the right direction. good luck!
827965
Call your lender. You may be able to make arrangements to do a "Deed in Lieu of Foreclosure". It's not done often, but given your circumstances, it may work for you. Also, talk to a real estate agent. There is a chance that you can sell this property for at least the amount that you owe on it, if not more. I'd actually suggest this over the other since you have a chance of actually getting back some of your investment. I really hope this works out for you. Good luck!
881640
Here are the basic principles: http://www.italianlaw.net/services/inheritance-filings/\n\nIt is best if you can locate the notary (family and property lawyer) who  handled the succession.
512083
Go to the site below and click on the state the inheritance would be in and see if you have anything.  It is worth a try.
1180108
Yes you can.  I guess you've read Rich Dad Poor Dad.  Great but he doesn't tell you HOW.  It is something I have been trying to figure out for years.  I got the answer a few months ago by my brother showing me.  It is amazingly simple.  All It takes is confidence and thinking big and clarity of mind.  The more you try to figure it the more pieces fall into place.\n\nSo I guess you want to know how?  Ok I will tell you - I'll email my bank account number to you and when you make your first million which you can do within a year - you deposit me 20%, ok?\nlol - only joking - happy to help out.  Ask youreself what you will do with al the $$ though.  If you don't have a goal for the $$ it will end up destroying you when you have lots.  Just a bit of philosophy - take it to heart because you will have plenty $$.  \n\nTake this 'formula' or principle and apply it to whatever is available, it is flexible.  Apply your mind.\nOk here goes:\n\nRemember confidence and think big.\n\nFind a large property in a good area of your city/town that is for sale.  The suburbs is a good place to start, find out from real estate agents which is the fastest growing area.  Go to the dge of that where serious development hasn't started yet.  A few miles is fine, the expansion will catch you.  Once you have found a suitable site, look around and don't be disheartened if the first few are not spot on.  You will be gaining experience with each site you look at.  The site should be large enough to subdivide into smaller erven (erfs) (plots). There will be minimum size zoning allowed in specific areas.\n\nI am assuming here that you know a bit about the property development lingo (of your country).  If not do a bit of research by visiting your local (authority) municipality.\n\nOnce you have found a suitable site that can be subdivided say into 10 plots.  Heres the crux!\nLet's say the seller wants 1mill (theoretical amounts - whatever is going in your area and currency counts) for the property go to him and tell him you will give them 1.5mill if they go into a joint venture with you.  They will.  Then what you do is get the plans for the property from your local authority.  Divide the property up into plots, use a landscape architect if neccessary, or do it youreslf.  Get this development approved by your local authority.  Again you will gain experience as you go.   Once the plans have been approved for rezoning to residential size plots.  This may take some time (find out names at the local authority and hound them, it will move faster) Then what you do is put the plots onto the market at residential prices (per square meter).  Exorbitantly more than the original large piece of ground.  As this is an expanding area they will be sold loke quickly.  You give the original seller his 1.5mill and pocket the difference.  Usually a hell of a lot of money.\n\nAs simple as that.  Hardly cost you a cent.  You used someone elses money and walked away with the finances to do the next project youreself.\n\nWhere you might have to put in money is for the drawing up of the plans, advertising and if you do a cluster dvelopment you should put a wall around the site (expensive) to sell it a concept (helps sell quicker and for more).  For these costs you go to your bank and borrow the money using the large property as collateral. Remember the original seller and you are ina joint venture so you can do this (set up a cc if neccessary).  \n\nThat is the jist of it.   It is actually so simple.  This is a general plan, it can be applied to many situations.  It is a pretty hectic concept to try to get across in so many words.  If I have left anything out apply your mind and fill in the gaps.\n\nGo for it, believe in yourself and the world is yours.\nGood luck.
744547
Hi Sundance,\n\nIf they relinquish all legal and equitable interests in the property prior to this eventuality then there is no property to sell.\n\nPerhaps an express trust might be in order?\n\nAssuming your parents are in good health at the moment and this will not happen in the next few years then I cannot see a problem.\n\nEg. If they sold the house and gave you all the money from the sale tomorrow and you spent it the day after then the money is gone, is it not? That asset no longer exists.\n\nHave a talk with a solicitor that specialises in equity and trusts if this is of interest to you.\n\nThe other alternative is to sell the property with the clause that they continue to live in it for the rest of their natural lives. There are companies that do this and your parents live there rent free.\n\nThey can do what they want with the money.\n\nThis is another alternative to ensure the money goes where it is intended.\n\nAgain, speak to a solicitor.\n\nGood luck.
1083265
It's not a matter of getting a loan in Japan than getting a loan in Japanese Yen! The currency makes the difference...\n\nIn which country are you living?\n\nEither you will find a major bank near your place offering loans in foreign currencies as well - or then you may take out the loan in dollars but the same time make a forward contract in selling Yen for the time the loan runs off.\n\nThat's the simple way to get into the full interest rate difference as well as the full risk of the currency - and it allows you to easily adjust the extent you want to be involved in these risks - 100% or any other %...
852619
Presumably the death has been registered and the funeral is over and it is simply a matter of sorting out the estate.\n\n1.Make sure you get plenty of copies of  the death certificate - 15 is a good working number.  You will have to show copies to banks, building societies, companies with which the deceased held shares...it goes on and on.  Many organisations will need sight of an original Death Certificate before releasing funds. Copies obtained from the Registry of Births Deaths and Marriages are regarded as 'originals' as opposed to a photocopy of the certificate.  \n  \n2.. Apply for a Grant of Probate via the nearest Probate Registry.  You may well have done this already. \n\n3.  Arrange to open a  Personal Representative's bank account. This will be used for paying in money due to the estate and any loan arranged to pay an Inheritance Tax bill and/or probate fees.  Eventually it will be used for paying out bequests under the will.  Warning: after twelve months the bank will start charging monthly fees.\n\n4. Inform all relevant persons and organisations - banks, building societies, life assurance companies, employers, local authorities, Inland Revenue, benefit agencies etc. \n\n5. Arrange for a valuation of the Estate. This will include the house (if owned or partly owned by the deceased) together with its contents, other personal effects, investments in savings plans, stocks and shares, life policies, building societies etc. Draw up a detailed  list of all the Testator's assets. \n\n6. Draw up a list of debts that must be paid from the proceeds of the Estate. These will include mortgages, any income and capital gains taxes, bills, credit cards, loans and overdrafts. \n\n7. Complete the forms required by the Inland Revenue Capital Taxes Office so that it can be established whether any Inheritance Tax is due.\n\n8. Complete the probate forms and send or take them to the Probate Office along with the original Will, the death certificate and the Inland Revenue account.\n\n9. Provided that the case is fairly straightforward, an appointment will be made for the personal representative to 'swear the papers' within about 5 - 6 weeks of receipt at the Probate Office \n\n10. When Inheritance Tax is due the Executor's account of the Estate is passed to the Inland Revenue and the Grant of Probate cannot be issued until the tax is paid. There will be circumstances where part of the Estate has to be sold to pay Inheritance Tax and if this is the case banks can arrange loan facilities to pay the tax straight away. \n\n11. Copies of the Grant of Probate should be sent to everyone who owes money to the Estate. You now as Executor have a legal authority to pursue any debts owing to the Estate. \n\n12. When the Grant of Probate is received, the Estate can be divided according to the terms of the Will. The Executor must prepare and sign accounts showing who has received what from the distribution. They must be able to show that they acted in accordance with the terms of the  Will in case there is any dissent from the family of the deceased. \n\n13. All papers, including the Grant of Probate and the accounts must be stored safely for a period of 12 years.\n\n\nAs you can see, it all takes quite a long time and it would be most imprudent to tell beneficiaries about their expectations under the will before you have sorted out debts owed by the estate, especially taxes. Once this has been done, then you can begin to pay out the specific legacies, but the residuary legatee (the one who stands to inherit what is left in the estate when all debts have been paid) won't know until you have drawn up the final accounts what he or she is getting.\n\nThere are some simple guides on being an executor obtainable and it would be a good idea to get one.
139094
This is a business like other business. They get from their appointed dealer or some time buy direct. I am talking about Japan
709679
The only way to reduce the taxes on the gain on real estate is to do a "Section 1031 Exchange".  The only problem is that you do not receive cash.  You received another piece of real estate.\n\nThere is not a way to reduce taxes on the sale of stocks at a gain.
415821
unless u plan to live here for the rest of your life i dont understand y would u want to buy it?  prices r rising, the last few months prices doubled (some areas tripled)\nim not sure about it but i dont think theres no limitation against foreigners to own residential estates\nanyway u can drop me an email if u want.. cant promise anything but i'll see what i can do\ngood luck
676044
One of the previous answers mentioned speaking Japanese.  While you would probably find it easier and would probably gain much more respect if you spoke the language, I believe most educated Japanese, if not practically all Japanese, speak English -- probably better than I do.  Being familiar with Japanese customs and business customs especially would also be very helpful.  One of the first things I would suggest is contacting the  Small Business Administration and an organization which works with them called SCORE.  This stands for Senior Citizens Organization of Retired Executives.  Check with them.  They've generally "been there and done that."  I believe there are also Federal programs which can assist you in exporting.  The SBA also has a program where they might guarantee your loan with the bank.  What they can do may also be affected by your status: veteran, minority, women, age, etc. -- there are all sorts of things going on. You've got a lot of work to do and, among the things you can get from SBA and SCORE are tons of books and "how to" manuals, most of them free.  One of the hardest questions will be "what do they want and what will they pay me for it?"  I wish you luck -- Live Long and Prosper.