Finding the appropriate buyer and negotiating the best offer for your Dubai property can be difficult in such a broad and active real estate market. However, there are a few instructions that can help you sell your property quickly. In this section, we’ll look at some of the finest strategies to sell a home quickly in Dubai, whether you’re a first-time seller or a seasoned investor.
- Get an accurate property valuation
When you’ve decided to sell your property, the first step is to have it valued by two or three reputable agencies. This should always be an in-person appraisal so that the agent can assess the property’s location, condition, and any upgrades. The realtor should also have knowledge and experience working in your community, as well as documentation of similar houses that have recently sold and the price they were sold for.
- Select the best agent for you
When the agents come to conduct the valuation, inquire about their strategy for achieving a rapid sale while yet receiving the greatest price for you. You’ll be able to discern which agent is the most active based on their comparative evidence and web presence. Because you will be working closely with the agent to sell the property, you must be able to trust him or her.
- Agree on a marketing and pricing strategy with your agent
The most important details for selling a property in Dubai are professional photos, a video, and a well-written property description. The listing price should be at the same price as similar properties recently, or 5% higher, and the agent should have a bank of potential buyers who have registered their details and whose requirements match the property. They should be contacted and invited to a pre-launch open house event.
- Prepare your property for sale
Buyers will view many properties before making a decision, so it is important to stand out from the crowd by making quick changes. If the property is vacant, it should be deep cleaned and freshly painted, and if it is living in, it should be tidy, smell fresh and have natural light.
- Get ready with the documents
Speak to an agent to confirm documents needed for a quick sale. Make sure you have the correct NOC’s from the relevant authorities, and have the original title deed in your possession if you don’t have a mortgage against the property. If you have lost the original title deed, the process to replace it will take about one month.
- Consider your offers
When making an offer on a property, it is important to consider the buyer’s buying position, whether they are buying with cash or a mortgage, and their time scales for completion. The price should be the most important factor, but the buyer’s buying position should also be considered.
- Prepare property for visits
Agents work hard to sell properties, often working outside of business hours. To make a quick sale, it is important that the property is available to view at different times of the day and is always looking presentable. The agent should arrive slightly earlier than the client and make sure all of the curtains or blinds are open and the lights are turned on to create a welcoming environment.
- Remember, the market is transparent
Valuing a property is not an exact science and the market will always dictate its true value. If after 10 days on the market, you have not received an offer or agreed on a sale, you should work with your agent to reduce the price to attract more interest. However, upgrading the property may not be appropriate as it will prolong the time needed to complete the sale.
- Hire a professional conveyancing company
The most important details are that a professional conveyancing service must be appointed to manage the process from signing contracts to completing the transfer. This company must be experienced, knowledgeable, and able to save time and money by guiding the process. Reputable agents will be able to recommend a trustworthy conveyancing company.
