The prospect of selling a property in Dubai can be intimidating, particularly for expatriates who may not be conversant with the local market and regulations. However, one can make the process of selling property in Dubai a smooth and successful experience with appropriate information and planning. The following are some tips to help expatriates navigate through the process of sale in Dubai;
Comprehend the Marketplace;
it is important that before your property hits the market you have a clear picture of real estate in Dubai at the time. Observe latest purchases of properties nearby as well as ongoing trends in sales and prices of properties within your area. This will enable you set reasonable offer prices on your property which may attract potential buyers.
Work with an Established Realtor;
buying or selling a home especially in places like Dubai where it is quite complex, involving large amounts of money changing hands is best done through professionals such as career realtors who have vast experience about local market conditions. With good marketing skills they are able to present your home well, negotiate with potential clients while taking care of legal aspects involved during the transaction.
Prepare your house for Selling;
In order to attract buyers, ensuring that your property is in top condition will go along way towards achieving this purpose as quickly as possible. This means making any necessary repairs, cleaning and decluttering premises besides staging them for prospective buyers’ ease with retaining professional photos and writing excellent descriptions about their features.
Understanding Legal Requirements;
when selling a property one needs to know what laws govern that particular transaction especially if they are expatriates living here permanently since there are certain processes which foreigners must follow strictly so that their houses can be sold legally within UAE itself without creating misunderstandings between them afterwards concerning necessary paperwork back ground checks etc., ought also take place first though developers like Emaar, Nakheel, etc., now provide such information online.
Be ready to negotiate;
selling property in Dubai frequently involves negotiating with potential purchasers and sellers should therefore be prepared for this fact. Negotiating is about giving one’s bottom line and striking a bargain pertaining to the price and other terms that might be agreed upon so as to reach an accord satisfying both parties. Working with a professional real estate agent can also help you through the negotiation process and ensure that your property fetches the best possible deal.
Expat professionals will succeed in selling their properties in Dubai with ease and significant gains by following these tips and seeking advice from experts. Expatriates may find it profitable both on knowledge-based basis as well as financially rewarding because they will know where to start when buying next new home in Dubai provided they are adequately prepared and knowledgeable about marketing their current ones.
