Philia Corporation (Itabashi Ward, Tokyo; Representative Director: Naoyuki Koshikawa) has released a case study of purchasing vacant land that was in dispute over excavation permission (seal of approval).
▶ https://philia-co.com/purchase/hachiojishinakanokamicho-tochi-kaitori/
We introduce this as an example of a new approach to issues such as the increasing problem of vacant homes and complex rights adjustments in recent years.
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【Background】
According to a survey by the Ministry of Internal Affairs and Communications, the number of vacant homes in Japan is increasing year by year, and the management and disposal of vacant homes have become social issues.
Currently, in Tokyo and the three surrounding prefectures, properties with issues such as "unbuildable," "joint ownership," and "attached houses" often cannot be sold or disposed of because housing loans cannot be obtained and rights adjustments are difficult, leading many cases to be turned away even by major real estate agencies.
【Case Summary】
This was a case of vacant land adjacent to a designated public road, but it was in a state of de facto "unbuildable" due to disputes with local residents over road use and excavation permission (seal of approval). On behalf of the seller who lived far away, our company purchased the property as-is, including the risks.
Vacant land in Hachioji, Tokyo
【Property Overview】
Location: Nakanokamicho, Hachioji City, Tokyo
Transportation: Bus
Property Type: Land for Sale (Vacant Land)
Road Type: Designated Public Road
Current Condition: Vacant Land
Special Notes: Neighbor dispute regarding road use, difficulty obtaining excavation permission
Transaction Type: Our Company Purchase
【Background and Challenges of Consultation】
The seller lived far away and was having trouble managing and disposing of the land they acquired through inheritance. As it was vacant land with no room for utilization, they attempted to sell it, but disputes arose with local residents over the rights and usage rules of the "designated public road" it bordered. The residents adamantly refused to provide their seal of approval, stating "We will not stamp the consent form," and general buyers (individuals or spec home builders) could not foresee construction, leading to the collapse of all negotiations. It was difficult for the seller to travel repeatedly from afar to negotiate, and they became mentally exhausted, leading them to consult our company.
Vacant land in Hachioji, Nakanokamicho
【Our Response and Solution】
Normally, many companies would refuse to purchase properties with such neighbor disputes until "after the dispute is resolved." However, our company decided to purchase the property "as-is (with the dispute still ongoing)." We informed the seller, "You no longer need to negotiate with your neighbors," and proceeded with the settlement, taking on the troublesome human relationships as well.
【From the Person in Charge】
Disputes over "seal fees" for private road access and excavation permits are among the most difficult cases in real estate transactions. Especially when the seller lives far away, resolution is almost impossible. In this case, after our company purchased the property, we spent time in face-to-face discussions with the neighbors. As a result of our sincere approach, we successfully obtained approval for road usage, and ultimately sold the property to a spec home builder. A new new house is now scheduled to be built, resulting in an outcome that has been welcomed by the local community.
【Future Outlook】
Philia Corporation will continue to strengthen its provision of transparent appraisals utilizing IT and realistic solutions based on over 1,000 on-site experiences to address the worsening problem of vacant homes.
In the future, we aim to further deepen our collaboration with government agencies and legal professionals to regenerate "problem properties" that are difficult to utilize into "valuable assets" that contribute to regional safety and security. We strive to build an infrastructure for sound real estate circulation that does not leave a negative legacy for future generations.
▶About Philia Corporation
Philia Corporation is a real estate company specializing in the purchase and resale of generally difficult-to-sell properties such as "vacant homes" and "problem properties," including properties that cannot be rebuilt, joint ownership properties, and attached houses, primarily in the Tokyo, Saitama, Chiba, and Kanagawa areas. With over 1,000 consultations and the representative director himself holding the qualification of "Vacant Home Advisor," we carefully unravel complex ownership structures and legal restrictions, finding new value even in properties rejected by other companies.
▶Company Overview
Representative: Naoyuki Koshikawa, Representative Director
Business Activities: Real Estate Purchase and Regeneration
Location: 1st Floor, Maison NOWROAD, 1-25-17 Akatsuka Shinmachi, Itabashi Ward, Tokyo 175-0093
URL: https://philia.co.com/
▶Inquiries
Public Relations: Katsuno
press@philia-co.com
FACT BOX
- Source: PR TIMES
- Category: 事例紹介