After the sale we shall require payment in full from the Buyer. Provided this has occurred, we shall remit to the Seller a total amount of Seller’s price approximately 14 days after the auction date and this is the settlement of a contract for sale.
We will wiretransfer the payment, which is deducted various costs and our commission fee from the hammer price, to the registered bank account.
Request for cash payment is not accepted. If the payment from the successful bidder is delayed, the payment to the seller will be made after we confirm the payment from the successful bidder.
After your property successfully sold, our commission fee will be set out as 20.0％ (excluding tax) of the hammer price.
We will pay you the amount that our fee was deducted from the hammer price. In the event that an agreement has been made between us and the seller, the terms and conditions shall prevail.
For example: If your property has been sold with 840,000 JPY,
The hammer price: 840,000 JPY
The commission fee（20.0％）: 168,000 JPY
The consumption tax（10％）: 16,800 JPY
The total amount of seller’s price: 655,200 JPY
*In a clear description, the total amount will be 22% less than the Hammer Price.