Difference between brokerage and purchase
Making the Best Choice
A lot of knowledge is required to conduct real estate brokerage and purchase. It will be easier to make the best choice by knowing in advance what is the difference between a common brokerage and a purchase. Let's check it firmly with us and conclude the transaction smoothly and as desired.
Overview of brokerage and purchase
What is "intermediary"?
Brokerage is a method of finding and selling a buyer of a property through a real estate company. Although there is a fee, the real estate company uses various methods to find a buyer, and also prepares the documents necessary for the contract, explains important matters, and performs administrative procedures from contract to delivery. There are three types of contract methods with real estate companies, and the contract method changes depending on the customer's usage, so it is necessary to determine the appropriate contract.
What is "purchase"?
Purchase is a method in which a real estate company becomes a buyer and buys a property, and it is an effective way to sell properties that have been built for a long time. Unlike the sale by intermediary, there is no type of intermediary contract, and there is no preview by the prospective buyer. The time to cash is very short, but the amount is lower than that of intermediaries.
Types of intermediary contracts
| General-mediated contracts | Exclusive Mediation Agreement | Exclusive Exclusive Mediation Agreement | |
|---|---|---|---|
| How many companies can I sign up with? | It is possible to contract with multiple companies * There is an explicit type that clarifies the requested company and an explicit type that does not reveal |
Contract with only one intermediary | Contract with only one intermediary |
| Can I find a buyer on my own? |
You can also find a buyer yourself. | You can also find a buyer yourself. | You can't find buyers on your own |
| Contract expiration date | Freely negotiated between the parties | Up to 3 months * Renewal is possible only if requested by the requester |
Up to 3 months * Renewal is possible only if requested by the requester |
| Registration for REINS*1 | Any | Obligatory * Within 7 days from the date of contract conclusion |
Obliged * Within 5 days from the date of contract conclusion |
| Reporting on business status | Any | Obligatory *Report at least once every two weeks |
Obligatory *Report at least once a week |
*1 REINS is a computer network system operated by the Real Estate Distribution Agency, which has been designated by the Minister of Land, Infrastructure, Transport and Tourism.
Compare features
In the case of real estate brokerage, the real estate company can sell according to your wishes because the real estate company interacts between the buyer and the seller. In addition, depending on the age and location, it can be sold at a high price, so it is a recommended sale method for those who have a property that has not been built for a long time. In the case of real estate purchase, the real estate company becomes the buyer, so the number of days until the sale is short and it can be cashed quickly. In addition, since there is no brokerage fee and there is no cancellation in the middle of the buyer, it is a recommended sale method for those who want to sell quickly with peace of mind and those who have been built for a long time.
| Real Estate Brokerage | Real estate purchase | |
|---|---|---|
| buyer | Mainly general individual customers | The real estate company that requested the appraisal |
| Time to sale | It takes longer to complete the sale than in the case of purchase because the real estate company is looking for a buyer. | Procedures can be completed early because they are purchased by a real estate company. |
| Sale amount | There is a possibility that it can be sold at the market price of the real estate market | Basically the selling price is likely to be lower than the brokerage |
| Fee | A brokerage fee is charged because of the sale method in which the real estate company searches for a buyer. | In the case of purchase, the real estate company is the buyer, so there is no brokerage fee. |
| Other benefits | ・ You can continue to live during the sale period ・ You can decide the price yourself, so there is a possibility that you can sell at a price higher than the market price. |
・ The contract is simple , it is difficult for people to know that you are trying to sell the property |
Those who are suitable for selling by "intermediary"
Those who have no restrictions on the period until the sale is completed
If there is no restriction on the time to complete the sale, there will be more transactions through intermediaries. Basically, there are many cases where we handle it here, but depending on the person or vendor who has a strong request, it may be purchased. In brokerage, there are cases where you can sell even if you set the price high, so it can be said that it is suitable for those who want to sell as high as possible.
Those who are suitable for sale by "purchase"
Monetize quickly
Those who want to sell quickly and cash out are considered to be suitable for sale by purchase. In the case of purchase, the real estate company will conduct a preview, and if there is no problem with the appraised amount, you can conclude a contract with the real estate company and proceed to delivery. Basically, it can often be cashed out in a period of 2 weeks to 1 month, so those who want to cash out quickly often sell by purchase.
Flow until sale
Flow until the sale of "brokerage"
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Step1
First of all, please contact us
When you want to sell real estate, first contact a brokerage company or real estate company. At this stage, you will be asked to briefly convey information about real estate, and the real estate company will often organize the information in advance.
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Step2
Valuation of real estate
We will actually check the real estate and evaluate it with detailed information. At that time, the selling price of the real estate is determined by comparing it with past transaction history and market information.
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Step3
Advertise real estate after intermediary contract
For real estate whose price has been determined, an intermediary contract is made with a real estate agent to make a request for solicitation. After that, brokerage companies and real estate companies advertise the property in advertisements, websites, etc. How quickly you can find a buyer depends on the skill of the person in charge.
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Step4
Refer Buyers
A real estate company will introduce interested buyers. If the buyer indicates an intention to purchase, we will adjust the terms and conditions for buying and selling. Real estate companies act as intermediaries and listen to the wishes of the parties involved, but not all of them come true.
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Step5
Closing a deal
When a buyer discovers and wishes to purchase, a brokerage company or real estate company introduces the buyer and seller. If the buyer and seller agree, a contract will be signed and the sale of the property will be completed. If you are requesting registration or executing a loan, we will have a meeting in advance and a judicial scrivener or a person in charge of a financial institution will be present.
Flow until the sale of "purchase"
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Step1
Find a buyer
For purchase, there are real estate purchase specialists. In order to find a buyable vendor that suits you, refer to the company's website and word of mouth to find the right business partner.
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Step2
GET A QUOTE
If you inform the buyer of your intention to sell the property, you can get an estimate of the purchase price from the agent. Estimates are presented taking into account the type and condition of the property, its location and surrounding environment.
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Step3
Conclude a contract
If the intention to purchase is established, a sales contract will be signed between the owner and the vendor. Since the buyer is a trader, there are many cases where important explanations can be omitted. By following the necessary procedures, you can sell faster than a regular brokerage.
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Step4
Delivery of real estate
Based on the contract, the property is handed over to the buying company. You will receive payment from the buying company and the contract will be completed.
Knowledge of selling real estate