5 Must-Do's Before Listing Your House for Sale in Dubai
Make sure to clear your dues
This is one of the surest ways to attain good money for your property. Keep in mind that normal real estate rules dictate that if the owner of the property does not clear the dues, the prospective buyer will have to take care of it. However, the buyer can then eliminate the amount from the sum payable to the seller. Thus, you must clear all dues on your property. The dues include property tax, water tax, electricity bills, society and maintenance charges and other amounts payable.
When you clear these dues, you should have the receipts and certificates of clearance. Keep these properly. This will enable you to produce them when needed.
Work on clearing the home loan
In case you had purchased the apartment on borrowed money, you should try to clear out the loan. Many banks do not charge any money on pre-payment of the loan or foreclosure. So, you must try to pay the loan borrowed for the property for sale. In case the amount is too large, you can negotiate with the buyer to deposit the down payment amount in your loan account. This will enable you to close it. Also, the buyer can use the amount that has been borrowed from the bank to close your loan.
Organize vital documents
Organization is the key! Prior to stepping into the property market, you should have all the legal papers prepared. Certain documents that should be ready include registration certificate, mutation certificate, sales deed, letter of allotment, loan clearance certificate, sanction plan, encumbrance certificate, etc. This is how you can prove that no legal dues are outstanding on the house or property. These documents are important to be presented to the buyer for scrutiny.
Prepare the house
You must clear out your furniture and personal items from the apartment. You can hire a storage space to keep your items in. Get minor repair works done on your property. These might include repairs of light fixtures, taps and shower nozzles and filling up cracks in the wall. You might even think of getting the property whitewashed.
Book a good broker
Keep in mind that brokers have a genuine interest in getting your property sold. This is mainly because of the commission related to it. Try to select the right one who will look out for your interest without causing any delay. A genuine broker will bring in serious potential buyers who understand the actual worth of your property. He will also assist in the negotiation between both parties in the deal.
Keep in mind that selling your home is a major decision. You need to consider an important bunch of factors to ensure that you get the best value for your home. It will also enable you to get a quick sale.
This process usually starts with your choice of real estate broker. In Dubai, there are many real estate brokers and brokerages who cover every facet of the market. These range from affordable rentals to luxury sales. Some of them are fabulous. They do have the vast market knowledge and assure you of good levels of service. However, there are some brokers who are not so efficient. So, you need to make your selection wisely.
Before listing your home, you must do your research. Try to get a good understanding of who the specialist brokers and brokerages for your home area are. Try to know as to what their transactional record is like. You must understand what sort of marketing strategies they use. Try to understand as to how suitable those might be for your house or property.
You need to make sure that your home is listed with an organization and a broker that can present it in the most appealing way possible. They should use various marketing channels, both digital and otherwise, to produce the maximum number of viewings. This assures you of a smooth transaction.
A good broker is someone who has appropriate market knowledge. He is professional and qualified. Also, he has a tangible experience. Above all, he needs to be a great communicator with a great work ethic. You can find many good brokers in Dubai.
Then, you will have to determine the right price. In the present market, there is no guarantee that the value of your property is right. Keep in mind that the market leads the transactional activity. A genuine real estate broker will properly appraise your home based on transactional data associated with your neighborhood.
Never ignore the recommendations of your real estate broker. Certainly, you do want to price yourself out of the market. Usually, the market data does not recognize the capital value of the work that you have done to your home.
Paperwork is a vital factor. You must ensure that all of it is complete and accurate. You need to arrange a comprehensive file of transactional paperwork for the property. Thus, when an offer is received, the sale can proceed swiftly. Your broker must have all the important documents in hand. He/she should provide you with a clear indication of the fees involved in listing and selling your home.
You need to present your home nicely to people who are looking to buy property in Dubai. You need to start with decluttering. It is the first easy way to make a good impression. Your property should look well-ordered and spacious. In case there are any minor repairs or renovations that you have been neglecting, start taking care of them without much delay.
When your home is on the market, the realization marketing period in Dubai can vary from 2 weeks to 3 months. Remember that all homes take time to sell. So, you must maintain good clear lines of communication with your broker. Try to provide possible unrestricted access for viewings. Keep in mind that certain buyers do tend to want to view at short notice. When you let them do so, you end up increasing your chances of getting a handsome offer!
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