There are many things to take into account when selling property in Dubai and working with the right agent to guide you through the sales process is essential.
A skilled real estate agent can be beneficial when selling your property. A real estate agent has knowledge and experience in the local real estate market and can help you determine the value of your property and price it competitively. They can also assist with marketing your property to reach a wide audience of potential buyers and handle negotiations on your behalf to help you get the best price for your property.
In addition to these services, a real estate agent can also provide guidance and support throughout the process of selling your property, including handling paperwork and complying with local regulations. Working with a real estate agent can help make the process of selling your property smoother and less stressful. It is important to carefully research and compare multiple real estate agents before selecting one to work with.
If you’re looking to sell your property fast in Dubai, there are a few key things you can do to make it happen. Here are some tips that can help you sell your property quickly and efficiently:
Determine the value
One of the most important factors in selling your property fast is pricing it correctly. If you price it too high, it may take longer to sell and you may end up having to lower the price anyway. On the other hand, if you price it too low, you may sell it quickly but for less than it’s worth. Do some research on comparable properties in the area to get an idea of what a fair price would be.
Stage it well
Property sellers usually get all the necessary repairs done before putting a house out for sale. Fixing the property for electrical faults, water leakage, or any other damages helps sell the property more quickly. Renovations are extra steps that can help raise the selling price. Even a fresh coat of paint can do wonders for your property’s allure.
Presentation is key when it comes to selling property. Make sure your property is clean, tidy, and well-maintained. Consider hiring a professional stager to help you showcase your property in the best light. Doing any necessary repairs and upgrades that may increase the appeal and marketability of your property. This includes decluttering, rearranging furniture, and ensuring all surfaces are sparkling clean.
When it comes time to negotiate the sale of your property, it’s important to be reasonable but also to stand your ground. Work with your real estate agent to come up with a strategy that allows you to get the best price for your property.
The procedures for selling real estate in Dubai are straightforward for the most part.
Buyer and seller agree on terms
A Memorandum of Understanding (MOU) is signed and a deposit (usually 10%) is paid.
The parties meet at the offices of the developer to apply for a No Objection Certificate (‘NOC’) to sell the property. The developer will usually issue the NOC against payment of a fee once the developer is satisfied that any amount due to the developer in the form of service charges has been settled in full. Once the NOC is issued, the parties are able to go to the office of the Dubai Land Department to officially transfer ownership. The Dubai Land Department will insist on payment of the purchase price being made in the form of a manager’s cheque made payable to the seller on the date of transfer. Once formalities are completed, a new title deed will be issued in the name of the buyer.
Selling your property in Dubai doesn’t have to be a stressful process. By following these tips and working with Real Choice Real Estate Brokers, you can sell your property fast and for a good price.