Planning on selling a property?
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Are you looking to sell your property quickly and for the best possible price?
Selling a property can be an exciting but also a challenging process. Here is a guide to help you prepare your property for sale and ensure a successful outcome.
Our real estate selling services offer a comprehensive solution to make your property sale a success.
Team of experienced real estate agents will assist you every step of the way, from determining the market value of your property to closing the sale. We use the latest market analysis techniques and state-of-the-art technology to ensure you get the best results.
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Or check the comprehensive guide below. If you have any question about the proccess, need assistance or any other inquiry, don’t hesitate to contact us.
- 1. Find a Seller’s agent to represent youFinding an agent that will help you market and sell your property is critical. Be sure that the agency has a vast means of advertising: online, in print and in their website. You should also feel comfortable with your agent, as you will need to rely on him to represent your best interests.
- 2. Price your propertyYour agent will provide you with the market analysis of properties similar to yours: what is being advertised, what has sold, and for what price. With the guidance of your agent, you will be able to set a realistic price for your property. Remember that the advertised price is usually NOT the price a property sells for.
- 3. Think about exclusivityExclusive listings gain more attention from the agent, and you are more likely to sell your property in a shorter period of time, and at a higher price. Also you will only have one designated agent calling you for all the follow-up, which makes the selling process less stressful.
- 4. Consider the timeframeFor a cash seller with a cash buyer, the process can be completed within 7-10 days, but when finance is involved, it can take up to 2 months.
- 5. Access to propertyBe prepared to show your property, or ask the tenant to allow access, as most of the buyers do require a site-visit prior to committing to the purchase. It is much easier to sell a property that can be shown at least once a week.
- 6. PaperworkPrepare all the paperwork that will be required for the sale: Title Deed (if you do not have one yet, apply for it at the earliest), affection plan, passport, maintenance fees receipts, DEWA bills, cooling bills, tenancy agreement if applicable.
- 7. Paying off mortgageIf you have a mortgage with a bank, then you will need to apply for a Liability Letter, which will show the total outstanding amount on the property. The Buyer/Buyer’s bank will clear off your mortgage, and after that the Clearance Certificate and all the security documents will be released
- 8. NOC applicationThe buyer and seller will go to the developer’s office to apply for No Objection Certificate (NOC) to be submitted to the Land Department. This ensures that all the outstanding maintenance fees have been paid off, and that there are no loans/claims against the property. This will take up to 7 working days.
- 9. Transfer of ownershipThe transfer of ownership takes place in the Dubai Land Department. You will get any additional funds for your property there via Manager’s Check, at the same time as the Title Deed gets transferred to the new owner.
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