I cover this in more detail in my ebook, but just to give people an idea of the steps I take to find foreclosed property.
1. Identify the values you want to achieve in your life
2. Concretise you values in the context of property values, eg. Quiet neighbourhood, close to station
2. Perform a strategy study of your area of interest, eg. Anywhere within say 1.5hrs of your place of work using all the values you have identified.
3. Buy a street directory (map) - there are think provincial map books which I use
4. Get on to the Bit Sikkou website and look for properties - a guide is in previous posts
5. Download the property specific details - focus on the price, layout and photos, as you can read more later. Even if its not what you want, the info can be useful, particularly for using the future bidding results.
6. Read up on the properties. At this point you need Japanese reading skills, or know someone with that skill.
6. Go and have a look at the specific properties you are interested in, as you will learn a lot more by going there. I personally would not approach the occupants of the place, but do take a discrete look, unless it looks empty (a lot of weeds in summer, or no snow prints in winter, etc), then take liberty.
7. Take care if you talk to neighbours. Its pretty embarrassing for Japanese people to concede that they are lost their home, so don't be surprised if the neighbours don't know. I personally prefer not to talk to them because they are prospective bidders. eg. They might have children looking for a home in the neighbourhood, and few people consider foreclosed property. Many neighbours will want to know what you are doing.
The approach in the Philippines is very different. But that's another story.
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Andrew Sheldon www.sheldonthinks.com
1. Identify the values you want to achieve in your life
2. Concretise you values in the context of property values, eg. Quiet neighbourhood, close to station
2. Perform a strategy study of your area of interest, eg. Anywhere within say 1.5hrs of your place of work using all the values you have identified.
3. Buy a street directory (map) - there are think provincial map books which I use
4. Get on to the Bit Sikkou website and look for properties - a guide is in previous posts
5. Download the property specific details - focus on the price, layout and photos, as you can read more later. Even if its not what you want, the info can be useful, particularly for using the future bidding results.
6. Read up on the properties. At this point you need Japanese reading skills, or know someone with that skill.
6. Go and have a look at the specific properties you are interested in, as you will learn a lot more by going there. I personally would not approach the occupants of the place, but do take a discrete look, unless it looks empty (a lot of weeds in summer, or no snow prints in winter, etc), then take liberty.
7. Take care if you talk to neighbours. Its pretty embarrassing for Japanese people to concede that they are lost their home, so don't be surprised if the neighbours don't know. I personally prefer not to talk to them because they are prospective bidders. eg. They might have children looking for a home in the neighbourhood, and few people consider foreclosed property. Many neighbours will want to know what you are doing.
The approach in the Philippines is very different. But that's another story.
-----------------------------------------------
Andrew Sheldon www.sheldonthinks.com
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