The way real estate is bought and sold has changed dramatically.
The Ministry of Land, Infrastructure, Transport and Tourism has also approved that businesses will carry out a procedure called "explanation of important matters" to explain rights and the risk of inundation online from April.
The law stipulates that businesses should explain important matters such as rights and the risk of inundation face-to-face when buying and selling real estate, but the Ministry of Land, Infrastructure, Transport and Tourism has made it online at a meeting of experts. We have been studying it.
At the meeting on the 25th, it was reported that there were no major problems in about 2,300 cases where important matters were explained experimentally in the video conferencing system.
Among the companies that participated in the experiment, at Sumitomo Realty & Development, about 30% of all customers requested online explanations, partly due to the influence of the new coronavirus.
The company also offers a service that introduces a model of the property with computer graphics and guides the route from the nearest station with a video, and in some cases the contract was made only online.
Takahiko Nakamura, the new sales office manager of the Housing Sales Business Headquarters, said, "Because it takes about 3 hours to explain important matters, online services are in demand for people who are raising children. I think there are needs for people living in rural areas and overseas." I'm talking.
Based on the results of the experiment, the Ministry of Land, Infrastructure, Transport and Tourism announced at the meeting on the 25th that it will allow the explanation of important matters to be conducted online from April.
In the future, we plan to create a manual for businesses and consider digitizing sales contract documents.