Owning a property in Dubai can be intriguing for many reasons. From great rental rates to good resale value, the property market remains one of the most lucrative sectors in the city. For a property market as large as Dubai’s, it isn’t uncommon to get a lucrative offer on your property. People wanting to sell their properties want to get the best out of the process. This includes the elimination of any additional charges.
Speaking of additional charges when selling a property, broker charges are among the most common ones. For people looking to gain full profits out of the property deal, they might prefer to sell property without broker in Dubai. We have compiled a list of some ways to sell Dubai property without broker fast and get the best out of the property deal.
Selling an Apartment Without an Agent
For all property-related dealings, the benefits of hiring a real estate agent cannot be undermined. They come with vast knowledge of the property market and can make the process stress-free. You don’t have to deal with the paperwork and legal formalities as the brokers look after that part.
However, it is not essential to hire a real estate agent in the UAE. It depends on the seller or buyer if they want to hire the services of a real estate agency. That said, people may prefer to sell the property on their own as it can help them save some money upfront.
Tips to Sell Property Without Broker in Dubai
Selling an apartment isn’t just about saving money. It can also be a learning experience for people who want to become a real estate agent in Dubai and start a career in the real estate market. That said, let’s go through some tips to effectively sell property without broker in Dubai and avail of the perks that follow:
ADVERTISING YOUR PROPERTY
Advertisement plays the most integral part in selling a property. You cannot expect contact from potential buyers unless the property is put up for sale. When selling a property through a real estate agency, it’s usually the agent who puts the property up for sale on various platforms.
However, if you want to sell your apartment in Dubai without an agent, the onus is on you to advertise the property. You can post your ad in newspapers, social media and other related platforms. Moreover, for an authorised and convenient process, you may choose portals like dubizzle and increase your chances of selling the property promptly.
GETTING THE REPAIRS DONE
Broken or damaged areas in a property are perhaps the biggest repulsors for buyers. People are attracted towards a house in pristine condition to steer away from any additional repair charges. This also helps them avoid homebuyer regrets after the deal is done.
Before you put your property up for sale, it is advised to get all the necessary repairs done. Additionally, you can also renovate your property to attract more eyeballs and make a great first impression on potential buyers.
PRICE YOUR PROPERTY CORRECTLY
All the hard work you put into property renovation and advertisement could be undermined if your property isn’t priced right. Price usually becomes the tiebreaker in the majority of deals. When putting an advertisement for a property for sale in Dubai, it is essential to price it right.
You can opt for property valuation in Dubai as it can help determine your property’s value. Property valuation is perhaps the best way to get an idea about the property price. Another effective way of doing this is to do thorough market research. Look at the prices of similar properties in the area.
Overvaluing your property might restrain potential buyers from having a second look at your place. A market-competitive price attracts more buyers and implementing it is another effective way to sell property without broker in Dubai.
INCREASE YOUR HOME’S CURB AND SCREEN APPEAL
Visual appeal is what attracts buyers towards a property in the first place. It becomes essential to advertise your property in the best way possible. This can increase your chances of getting a better resale offer.
You can add some decoration pieces, repaint, and renovate the entrance with plants or related stuff. Moreover, there are some tips to increase your home’s screen appeal which can help you attract more buyers.
SCREEN THE BUYERS
This part can get tricky if you sell property without broker in Dubai. When you put up your apartment for sale in Dubai, you will have potential buyers of all kinds. However, it is hard to tell if the buyers are qualified to purchase the properties or not.
Carefully monitor the buyers and ask if their mortgages are approved or pending approval. Additionally, enquire about the payment methods if the buyers are buying the property in cash.
GET FAMILIAR WITH THE LAW
Familiarity with the law and procedure is among the most important tips to sell property without broker in Dubai. Property selling is a long process and certain formalities should be fulfilled to ensure things are in order.
You should be aware of the required forms and other aspects like property ownership transfer in Dubai among other things. Get familiar with all the proceedings before moving forwards to ensure a smooth process.
MAKE YOURSELF AVAILABLE FOR BUYERS
As you put your property on the market, you will likely attract many potential buyers. As buyers usually do a property round before proceeding further with the deal, it is important to make yourself available.
Buyers will ask for visitation at different intervals. It is important to be available and give them a property tour. However, if this affects your routine, you can ask some other family member or friend to give the tour on your behalf.
LEARN TO NEGOTIATE
One of the most effective tricks to sell an apartment in Dubai without a real estate agent is to learn negotiation tactics. Buyers are more than likely to negotiate the price and you should learn to tackle them.
You want to get the best out of the deal and sell your property at the best price possible. You can check out these buyers’ real estate negotiation tips and be prepared beforehand to tackle these tactics.
These is everything about selling property in Dubai without broker process, tips and more. Selling a property without an agent can be stressful but it has several advantages. From saving additional expenses on real estate agent’s commission to learning the industry dynamics, you can avail all these benefits. Once you get the hang of it, the whole process can be a breeze.
That said, you can also browse through these tips to sell your house fast and pace up the process. It is advised to sell your property through authorised channels such as dubizzle. With services like the dubizzle Verified Properties among many others, the platform is ideal for all property buying and selling.
If you sold your property and looking for a new place to buy, check out the following:
Stay tuned to UAE’s top property blog for property-selling tips and more.
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