First Time Sellers - Make sure you do your homework and understand the market before you make any decisions.
Demand - Familiarise yourself with the market prices in your area and the types of units on the market in your neighbourhood (villas, townhouses, apartments, etc.). Be prudent; Sometimes it may be better to lease your property, instead of selling it.
Understanding the Process
Financing/Mortgages - One of the key deciding factors in today's market, given the severity of the global credit crunch, is the availability of financing and mortgages. Not only is financing difficult to secure, but most lenders have very stringent requirements and this often proves to be the deciding factor in the majority of purchases. It is important to be as informed as a potential buyer about such matters.
Regulations - A number of stringent sales regulations exist and have been put in place by Dubai's Real Estate Regulatory Authority (RERA). It is important to check with RERA to ensure that all formalities are completed whilst finalising any deal.
Viewings - A crucial part of the sales process involves property viewings. Be open about any faults in your property and be sure to highlight any special features, or amenities you have added. These will help to boost the sales price and the chances of a sale.
Making the Decision
Set a Budget - Before making a selection on an area, or type of property you wish to purchase, it is advised tha tou set a budget, which will help you and any property brokerages assisting you, to make a suitable choice.
Listing with a Property Brokerage - Selecting a property brokerage to list your property is critical in the marketing of your home. It is often recommended to select two or more brokerages in order to be ablle to cast a wider net on the pool of buyers.
Negotiate - Negotiate the price. Nothing is set in stone.
Request for callback
