Hi,
My wife and me have been renting a house in a small city in Gumma for 1 year. We received recently a phone call from the landlord (a very small renting agency in reality) telling us he would like to sell us the house so we don't have to go through the rental contract renewal next year.
To give some context, the house is a 5LDK, around 130 m², with a 2-car parking. It is between 20 and 30 years old. Its condition is pretty good, except for some parts (for exemple the floors) that would need a bit of renovation, but nothing big. Nothing is broken, the damage is mainly stuff having been used by different families since the house was built. In 1 year we haven't found any major defect.
The catch is that the price seems ridiculously low: 2000万円. I checked the local market, and for this price we can only find much older houses that have been renovated. A new house with relative similar caracteristics is more around 3000万円.
I don't believe the difference of price could be explained by the cost of renovation that would be needed to put the house on the selling market.
Would you know why could the price be so cheap for this recent-ish house ? Are the local market public prices displayed higher that the effective selling price ?
Thanks for your feedback.
by Sebatyne9