The first step in the selling process is teaming up with a reputable, experienced, and trustworthy broker. These experts negotiate deals between sellers and buyers. They'll be your guide throughout the entire selling process, making it essential to choose a good match. A real estate broker will assist you with finding buyers, negotiating deals, handling paperwork, and so much more. These specialists are especially important when buying property in Dubai as a foreigner so you can have a local on your side who knows the ins and outs of the market.
Everyone wants to get as much as possible for their Dubai property, but buyers are only willing to pay so much. Instead of slapping a random price on your property, you'll need to conduct some market research to determine a reasonable price. Compare your property with similar real estate on the market for an accurate idea of what your home might be worth. Make sure to compare with homes of similar age, size, location, and design. Note the lowest, median, and highest prices. This range will tell you roughly what you can expect to receive for an offer when selling your property.
A picture is worth a thousand words, so you need to make sure your home is photogenic. You should conduct a thorough cleaning and de-cluttering operation before trying to sell. You can throw junk away and place items that don't add to your home's appearance into temporary storage. You're preparing your home for photos that will be posted on the listing and for in-person showings. Make your home look so nice that you would even make an offer! All your hard work is going to more than pay off based on the number of offers you receive and the value of those offers.
The most important part of selling property in Dubai is getting it seen by as many potential buyers as possible. Even though it's a hot real estate market, you still need to choose the right places to list your home. At Arabian Estates, you can get your property seen by thousands and thousands of serious and reputable buyers within seconds of listing. The process is quick, easy, and hassle-free. We've already helped countless sellers get top offers for their properties in Dubai. All you have to do is list your property with some basic information and photos. Our platform will take care of the rest.
The vast majority of buyers aren't going to make an offer on your property without seeing it in person first. That's where viewings come into play. You'll need to open up your home to eager buyers to really sell it. You and your broker can pinpoint the highlights of your home to stress to potential buyers during the showing. This is handled by the broker so you don't have to worry about anything. As mentioned before, just make sure your home is in tip-top condition. The better it looks, the more people will bid and the more they'll offer.
Eventually, you'll receive an offer for your home which you can accept right away or make a counteroffer, depending on what you think of the initial offer. Keep in mind that it's perfectly normal to go back and forth with buyers. Most serious buyers aren't going to withdraw their offer just because you countered. This negotiating process usually occurs through your broker so you don't have to worry about any of the face-to-face interactions. Stick with your initial determination of what you think your property in Dubai is worth, and walk away from the offer if the buyer isn't willing to meet your expectations. There are plenty of other buyers on the market.
The next step of the selling process is to prepare and sign the paperwork. After you accept an offer, you should work with a broker to create all the necessary documentation to seal the deal. The Memorandum of Understanding (MOU) is one of the most important documents in the selling process as it details the agreement and the responsibilities of each party. Take your time to make sure the deal includes everything you need to make the deal worthwhile. The last thing you want to do is sign an unfair agreement. Therefore, you should review it thoroughly with relevant experts before signing it.
