subject: Due Diligence Before Selling Your Property In Dubai [print this page] After global economic crunch, Dubai real estate market has become buyer friendly. Gone are the days when sellers were calling the tunes and getting the premium prices of every property they put in market. Buyers are no more after every new offer; they only prefer investing in attractive Dubai properties and projects. Only those residential properties are in demand that have finished pavements and come with all the basic facilities such as schools, parks, shopping marts, gyms and related facilities.
The biggest challenge faced by UAE real estate right now is to entice buyers. The solution to this is to package your property in an attractive manner as well as pricing it smartly. Following are the pointers that may help you source good deals for your property.
It is essential to sell your property through Dubai real estate agents or brokers. When you plan to sell your property, consult with few agents and carefully pick the right one. Also, list your property with RERA registered broker only. Provide them complete details of the property and let them assess your property in their usual measures. Point out any extra work that you have carried out on your property as it can enhance value of your property.
Before handing over your property to agents to put up for sale, you must provide complete documents to the agent. It shows that you want professional services from them. You must provide Proof of ownership, passport copy of the owner, certificate of completion of payment and proof that you have paid service fees.
To better advertise your property, ask your chosen Dubai real estate agents to take multiple pictures of your property. Before taking pictures, make your property clean and tidy as good looking pictures will convince the buyers consider visiting your property. Keep your property clean and tidy all the time as untidy property gives negative impression. An unkempt property makes it difficult to accentuate the key features of property and its unique details that might increase its value.
Communicate with your chosen real estate agent and provide him your contact information so that he can get in touch with you as soon as he needs. You can also leave a copy of the keys with agents along with the letter to the security of the building to allow him uninterruptible access to your property. It will help agents make as many buyers to visit your property as possible.
Offer extra incentives to your agent like commission other than regular fee. It excites him and he will spend more time and energy finding a good buyer for your property. He can recommend your property to more clients, who may end up finding you a good buyer without costing you an extra fee.
Also remember to not advertise with too many Dubai real estate agents as it may leave a negative impression on buyer that you are making multiple offers from different agents. If you find a good trustworthy agent, do use his services exclusively as he can control the process in your best interest.
