Time to sell your property in Dubai? Trying to figure out how to sell your property in the most efficient way while gaining the most profit? Property Finder has put together a few points to remember when going through the sale process.
Real Estate Professionals
The most important component to selling a property is the real estate company and the real estate agent that you choose. You want to consider the following when looking for real estate professionals:
- Find a reputable and experienced real estate company & real estate agent
- Make sure the real estate company has a valid ORN # from the Dubai Land Department
- Make sure the real estate agent you are working with has a valid RERA # from the Dubai Land Department
- Find a real estate agent who is a specialist in the area where your property is located
Once you have found the right real estate agent, you will be asked to sign RERA Form A which is the Broker’s Contract Agreement between the seller and real estate agent.
Next, ask your real estate professional for a market analysis of your property. An experienced real estate agent will be able to give you a concise report recommending an appropriate sales price and the estimated time frame you should expect to sell your property given market conditions. The recommended sales price is what you realistically should expect to sell your property for based on its specifications and your area’s current trend. Setting a realistic sales price is key to ensuring the most effective and profitable outcome.
Once you have reviewed the market analysis with your real estate agent and have set your price, you are now ready to market your property.
Market Your Property
Your real estate professional will properly guide you on how to ‘stage’ your home for viewings. This is extremely important as first impressions count and you want to attract buyers.
This Blog is made available for educational purposes only, in addition to providing you with general information and a general understanding of its content, including referenced laws and regulations, and not to provide specific legal advice. The Blog should not be used as a substitute for competent advice from a licensed professional.