Successful cases

Walk from the station	25 minutes
Year/month built	June 2006
Floor area	77m 2

Ms. S
Lives in Ibaraki
50 years old
Homemaker

Motives

When my child was starting college, I found on 981.jp a 6 years old apartment close to the university. With no experience in bidding, I was nervous, but decided to bid relying heavily on an auction concierge. When I won, I thanked the concierge for the professional services. With kind directions of the concierge for the subsequent procedures at the court, which mostly were done through emails, I could handle them without much difficulty. Initially my husband was worried about my bidding in court auction since I had no knowledge, but he was assured by the auction concierge. Even in the first time of bidding, we got the apartment at about half the price of newly built apartment. It went so well; I almost forgot it was from the court auction. We owe it to the auction concierge.

Difference of \6,316,000

Compared to the general market price *1
about 32% lower

*1: General market price is estimated by an auction concierge in the area absed on the market and past transactions

Walk from the station	5 minutes
Year/month built	Dec. 1981
Floor area	48.67m 2

Ms. F
Lives in Kanagawa
30 year old employee

Motives

I had thought about buying real estate. But I had little fund, so I consulted an auction concierge of 981.jp to bid on a auctioned property. At first I was lost. But after the concierge told me about the proces, loan and renovation, I felt at ease bidding. I also asked about a loan in early stage. Initial cost was small. I am quite satisfied. For several years I plan to live in it, then in the future I want to lease it.

Difference of \4,092,471

Compared to the general market price *1
about 33% lower

*1: General market price is estimated by an auction concierge in the area absed on the market and past transactions
*3: Liabilities in forms of unpaid apartment service and maintenance charges, and renovation reserves accumulated over past months that the new owner must pay

Walk from the station	Drive	Annual rent	\840,000
Year/month built	1991/9	Gross yield *2	20%
Floor area	87m 2	Net yield *2	14%

Mr. E
Osaka city
38 years old
Company employee

Motives

In my neighborhood there was a house put on court auction. From the court documents I learned that interests were complex. Upon inquiring an auction concierge of 981.jp, I promptly got a reply. Even though I was a bit uncertain, the concierge kindly explained things to me, so I felt easy by the time of biddying. I was really happy when I won the bid.
After winning the bid, the tenant continued to rent, so I immediately started earning the rent. And of course there was no renovation cost. I am now in a process of selecting the second asset to invest.

Difference of \1,925,000

Compared to the general market price *1
about 30% lower

*1: General market price is estimated by an auction concierge in the area absed on the market and past transactions
*2: Gross yield is the percentage of annual rent divided by bid price
Net yield is the percentage of annual rent at 70%, taking account of vacancy and other costs, divided by bid price
*3: Liabilities in forms of unpaid apartment service and maintenance charges, and renovation reserves accumulated over past months that the new owner must pay

Walk from the station	6 minutes	Annual rent	\384,000
Year/month built	1990/7	Gross yield *2	20%
Floor area	30m 2	Net yield *2	14%

Mr. I
Lives in Saitama
50 years old
Company employee

Motives

I live in Saitama prefecture, and own some rental properties. Auction assets in Sapporo appeared to priced relatively low and with high yield, so I picked out some assets and asked an auction concierge in Sapporo for help. After winning and paying based on documents received from the court, I sent the necessary documents to the auction concierge who carried out registration, changing the custodian firm, and notifying tenants. I plan to bid again when I find a good property.

Difference of \640,530

Compared to the general market price *1
about 24% lower

*1: General market price is estimated by an auction concierge in the area absed on the market and past transactions
*2: Gross yield is the percentage of annual rent divided by bid price
Net yield is the percentage of annual rent at 70%, taking account of vacancy and other costs, divided by bid price
*3: Liabilities in forms of unpaid apartment service and maintenance charges, and renovation reserves accumulated over past months that the new owner must pay

Walk from the station	5 minutes	Annual rent	\720,000
Year/month built	1995/8	Gross yield *2	17%
Floor area	1F 51.17m 2 ／2F 26.46m 2	Net yield *2	14%

Mr. M
Lives in Okinawa
40 years old
Company employee

Motives

I live in Okinawa and was looking for a house with land that I can lease. I found a good asset so asked an auction concierge, who advised me that the vacancy risk is lower if the rent for a family house is about 70,000 yen. The concierge also estimated renovation costs, so I felt comfortable about bidding. Only two weeks after winning and paying for the property, the renovation was finished. And in another two weeks I found the tenant. I am gratful for the speedy services of the auction concierge. I am now looking for the next asset.

Difference of \3,383,000

Compared to the general market price *1
about 37% lower

*1: General market price is estimated by an auction concierge in the area absed on the market and past transactions
*2: Gross yield is the percentage of annual rent divided by bid price
Net yield is the percentage of annual rent at 70%, taking account of vacancy and other costs, divided by bid price
*3: Liabilities in forms of unpaid apartment service and maintenance charges, and renovation reserves accumulated over past months that the new owner must pay