All You Need to Know Before Selling Your Home in Dubai

 Dubai is a transitory city that serves as a stopover for travellers or as one exciting chapter in a more incredible life story. Even as good as Dubai is at luring people in, it can't keep them from wanting to explore new pastures.

Aside from purchasing a house in Dubai, selling one is also tricky. Selling a property is a significant choice that should not handle lightly. There are several criteria that you need to know before selling your home in Dubai. It's also crucial that you understand the stages of selling a home. Not understanding the procedure may cause the selling process to take longer or impact the property's selling price. We'll walk you through the necessary methods for selling property in Dubai in this article.

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1.      Choose a Reputable Real Estate Company

Dubai is one of the most competitive real estate markets in the world. You need to know before selling your home in Dubai that you must partner with a reputable and qualified real estate firm to assist you in obtaining a fair price for your property. The agency will market your home, conduct showings, and help you in meeting the legal requirements of selling the house. As a result, choosing a competent Real Estate Agency is critical.

2.      Property Appraisal

The market in Dubai is notorious for its volatility, making valuing your home a challenging task. In addition, small renovations can sometimes significantly increase your home's selling price. As a result, it's critical to analyze the state of your property and make any necessary adjustments. You can also hire a property appraisal company to help you with this.

3.      Property Advertisement

Let's imagine you're going to the grocery store to acquire some radishes. Two different people are selling them. One has thrown all radishes into a basket and failed to present them properly. On the other hand, the other merchant has washed and cleaned all of the radishes and precisely arranged them to make them seem attractive. Which vendor would you buy the radishes from? Isn't it the vendor who shows things well?

Whether it's a vegetable or a house, the product's presentation is crucial in attracting the right buyers and obtaining a fair price. If your property does not appear appealing in the advertisement, you are likely to miss out on many qualified buyers and this is the most important thing that you need to know before selling your home in Dubai.

        i.            Important points before placing property Ad:

·         Before you place an ad, consider what features of your property you can highlight to highlight the best of what it has to offer.

·         Clean the house, use new linens and upholstery and take some high-resolution photos of your home. Make sure the images are accurate representations of your home.

4.      Market and Promote Your Property

If you've decided to take charge of your own promotion and marketing efforts, the first thing you should keep in mind is that it will require a lot of time and effort. You must set aside time to manage responses whether you use traditional marketing strategies like newspaper advertisements or their digital counterparts to publish an ad for property for sale in Dubai. Using the services of a real estate agent will help you spread the word more effectively while also allowing you to benefit from the agent's experience and contacts in marketing your property to a wider audience of potential buyers.

5.      Inspection of the Property

Even if you've lived in a home for years, some features must be stressed when presenting it to a potential buyer. For example, if there is some development planned in the region in the next years that will improve the quality of life in the neighbourhood, this information will pique any buyer's curiosity. As a result, it's critical to stay current on the neighbourhood and real estate trends in the area in order to persuade a buyer to make an offer. Additionally, if you are selling a luxury home, you may want to set up the house to show how a BBQ evening or a game of bridge would look.

6.      Examine the offers you've gotten.

Once you begin receiving offers, it is critical that you evaluate and examine each one before selecting the ones that are most appropriate for you and you need to know this point before selling your home in Dubai. If you want to finish the purchase quickly, for example, seek a buyer who wants to move in right away. The documentation and transfer process will run more smoothly because the needs are aligned.

7.      The Documentation

When you ultimately decide to sell your home to a certain buyer at a price he suggests, you must agree on the payment mechanism and the property's handover date.

        i.            List of documents that will be needed:

·         You and the customer sign a Memorandum of Understanding (MOU).

·         A developer's No Objection Certificate (NOC)

·         A duplicate of your passport

·         The Deed of Title (original)

·         Other documents, as stated by the Dubai Land Department, are also required (DLD)

After you've completed these processes and gathered the necessary documentation, you'll meet with the buyer, real estate agent, and mortgage consultant in the Registration Trustee's or Developer's office to finalize the payment and paperwork. If the buyer has a mortgage, he will supply you with a letter of guarantee from his bank detailing the exact day on which the check will be sent to you.

Once your property is on the market, the realization marketing period, or the time it takes for your home to sell, can be anywhere from two to three months in Dubai. You need to know before selling your home in Dubai that you'll likely have a shorter marketing period, and your pricing will need to reflect that. However, keep in mind that all homes, no matter where they are in the globe, take time to sell, so keep open lines of contact with your broker and allow unlimited access for viewings whenever feasible. Buying clients frequently request viewings on short notice and allowing those viewings on short notice might be the difference between obtaining that much-desired offer and not getting it.

Remember that selling a home necessitates some planning to achieve a smooth transaction and a fair price for your home. All mentioned points are those points that you need to know before selling your home in Dubai.