Akiya in Inaka
Real estate agencies come in all shapes and sizes. There are many types, styles, sizes, and services. However, one thing that stays the same across agencies is their robust listings, and the conspicuous lack of quality akiya. A well-defined portfolio of high profile properties works well for a geographically focused organization financially incentivized to close.
We are not that organization, so we don’t care about listings much. Rather, we care about moving Japan’s abandoned properties into the hands of the right owners. Full stop.
The Japanese Government requires real estate agents to take a 3% commission on sale price. This means that agents have no other guaranteed revenue streams. Understandably, they then try to sell as expensive as they can. Akiya stump most real estate organizations for a number of reasons, a major one being that they are so cheap. For instance, a 3% commission on a ¥5,000,000 house isn’t much for all the work that would go into it.