Dubai is one of the best destinations in the world. It is best known for its skyscrapers, luxury lifestyles, and business-friendly environment. As such, owning a property in this city is every investor’s dream – and many actually do. Now, have you had your property in the city for a long time and now want to sell it quickly and at a good price? Well, we can tell you that it won’t be easy, but with the right guidance and a good real estate agent, it is doable. The science of ‘quick sales’ varies from property to property, but being home to some of the best housing facilities and with features only found in modern apartments, and the fact that there is always an investor on the other side looking to buy, Dubai is the best place to maximise your returns in a short period of time. Now, according to Accelerator.realestate Dubai – the leading property agent in Dubai – here are some top tips on how to achieve this:
Carry out an accurate valuation of the property – once you decide you want to sell, invite experts to do a valuation of your property, where they will propose an estimated market price for the property. Your property will be evaluated with other comparable similar properties in the market that were recently sold. This will give you an idea of how to price your property.
You have to find the right property agent – besides conducting the valuation of your property, you should also take this time to ask the property agent how they plan to achieve the quick sale and get the best possible price. This information will help in selecting the best agent to whom you will entrust your assets. You also need to ensure that the agent is registered with the Real Estate Regulatory Agency (RERA) in Dubai. RERA-registered agents strictly follow the real estate business ethics principles as outlined by the Dubai Land Department (DLD), which essentially means that they are trustworthy, honest, and super professional in all their dealings. So, better take your time in your search.
Prepare your property for sale – for your property to sell, of course, it has to be ready. As you may know, buyers do spend a considerable amount of time viewing properties before they commit to a final purchase. So, you need to make sure that your property stands out and sticks in the buyer’s mind. Whether it is a renovation, repainting, or even deep cleaning that is needed, it needs to be done before listing the property in the market. Basically, just make sure that the property looks neat and tidy, smells fresh, and has lots of natural light before putting it out in front of the public.
Advertise the property – once it’s ready, it’s time now to invite prospective buyers, which will be achieved through advertising. For the most part, the property agent will be the one in charge of putting the property out there, whether online, on social media, on newspapers, or other platforms. Remember that how you present the property to the public can make or break your efforts towards a quick sale. See, property staging is very essential, which is why you need to ensure that the property looks good in videos, photos, and 3D imagery used to advertise it. And when prospective buyers come for property viewing, keep in mind that the first impression is really important, so you have to do everything to ensure that the property’s appearance is impressive. The other thing is that, since you are hoping to sell the property quickly, it is important to ensure that the property can be accessed at any time during the day and always looks presentable at all these times. See, property agents work throughout, but they mostly carry out viewings early in the morning, late evening or during the weekends, and it pays to ensure that the property is accessible all the time.
Consider your offers – when you start receiving offers, there are a number of things you will need to consider. Of course, the most obvious one is the price offered. Is it something that you can accept, one that’s fair both for you as the seller, and the buyer? If so, then good for you. The other thing you may want to consider is the buyer’s buying position. Will the buyer pay in cash, or cheque? And if it’s cash, is it available, or do they need to raise it or take a loan. If they are relying on a mortgage, have they started the mortgage application process, and have they been approved? Remember that time is of the essence here, and so, it is crucial that you understand the buyer’s time scales for completion of the transaction.
Sign the contract – after selecting the buyer, the next crucial step is the signing of contracts and completing the transfer. This step is a bit complex and will require legal help. Your agent will connect you to a lawyer who will guide you in all the signings and the transfer of ownership. Again, time is of the essence here, and so, you will need a lawyer who will handle the process quickly, yet accurately.
Transfer of ownership – this is the very last step, where all the parties involved, including the buyer, the seller, and the agent visits the DLD trustee’s office. Here, the buyer will clear the remaining balance of the purchase price; the seller (you) will pay the transfer fees to the DLD; and, a new title deed in the buyer’s name will be issued.
Final thought
There you have it, everything you need to do to sell your property quickly in Dubai. It is important to remember that there are always buyers willing to pay cash for property in the market, especially if you need it quickly. This means even an emergency sale can turn out well and make sure your family has a place of their own again! Simply find one of our reputable real estate agents and they will help you sell your Dubai home fast with little or no stress at all.