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?
ezEstate has put together a few points to remember when going through the sale process.
The most important component to selling a property is the Real Estate Company and Real Estate Agent that you choose. You want to consider the following when looking for Real Estate Professionals:
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 estimated time frame to sell your property. This recommended sales price is what you realistically should expect to sell your property for based on your property 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.
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 the buyers. Here are a few staging tips:
To ensure a smooth process, make sure to gather all of your paperwork ahead including:
Once an offer is received, your Real Estate Professional will submit the offer to you and you will accept, reject or counter the offer. When all parties have come to an agreement a Purchase Agreement known as Form F is created by your Real Estate Agent and signed by all parties. The buyer will deposit a security deposit of 10% of the property value by check in the name of the seller but held by the Real Estate Brokerage.
At this point, the selling process normally takes about six to eight weeks and will vary depending if the buyer is cash or financed.
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