When listing your Residential Property for sale, keep the following points in mind. For starters, having a \"for sale\" sign in your yard is not enough. The real estate market is fluid, prices are always fluctuating. it is important to work with the right agent to evaluate and sell your Dubai freehold property.
Here are five points to consider before selling your Residential Property.
Examine your property through the eyes of a potential buyer. Contact your real estate agent before selling your home. Refresh paint, personalize space, or rearrange the furniture. Also, check the property before bringing it to market.
Choosing the right price. Examine comparable freehold properties for sale in the same neighborhood in the last quarter. Setting the right price for your home from the start is important for early sales. Setting an extra price and then lowering the price will result in being sold at a much lower price than the price you set for sale. Most importantly, don\'t judge value by the price you pay for your home, your remaining mortgage payments, or the profit you need to buy another home.
Work with an experienced agent who has a proven track record of success and the knowledge you need to get the most out of the market.
Because marketing will have a significant impact on the final selling price of your home, talk to your agent about your marketing strategy in detail. It is not enough for an open house to have a \"for sale\" sign and a newspaper advertisement. Agents will sell your property, from running promotional blitz to printing materials like flyers that buyers can take home to display your listing on multiple websites and post the right photos and online virtual tours.
A Memorandum of Understanding (MOU) is signed and a 10% down payment is made. Then the parties meet the developer and apply for a No Objection Certificate (NOC) for the sale of the property. The developer is satisfied that all the service charges have been paid in full and NOC has been issued. After the NOC is issued, the parties will be able to go to the Dubai Land Department (DLD) to officially transfer ownership. In this case, the purchase price must be paid in the form of a manager\'s check from the seller on the date of transfer.
The buyer will receive a new title deed in his name. If the buyer buys the Dubai Freehold property with the help of a mortgage, the bank will be involved. If the seller has mortgaged the property for sale, the buyer must repay the seller\'s loan before applying for NOC.
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