Your guide to a fuss free property sale
From needing more space to relocating, there are many reasons why homeowners choose to sell their properties. If you're thinking of bringing yours to the market, having all the information from the start can simplify the journey and help you prepare for any next steps. Let us guide you through.
Understanding the process
If you've never sold a property before, you might be wondering how long it will take. The timeline will depend on a few factors, like your Property Consultant's strategy to exit you from the market and the speed of communication between everyone involved. The price will also determine the level of interest.
The payment plays a big part in the timeline too. If you're a financed seller dealing with a financed buyer, the sale can take approximately 8 weeks. For a financed buyer and cash seller or vice versa, the process can take about 6 weeks – while a cash buyer and cash seller would be looking at an estimated 1-4 weeks.
Agreeing on a sales price
Advertising at a price that’s too high might not get you any enquiries, leaving the property on the market for a long time. If the price is too low, it’s not fair to you as the seller. So, what's the magic number?
The price will always be indicated by the market, so this is best left to the experts. An experienced Property Consultant will be able to guide you and align the price to the current market conditions. They will also support you with data, expertise, and a marketing strategy to sell your property.
Looking for a more immediate valuation? Check out our free, online tool and get your property valued in minutes plus a 6-page detailed report.
Choosing the right agent
Selling your property is a big decision, and working with an agent that specialises in your area will ensure a smooth journey and the best possible outcome. They will also be the communicator between you and potential buyers, so it’s essential to feel comfortable enough to have open and honest conversations throughout the process.
It's worth asking a few questions about the agency as well. Do they have a strong Marketing Department to give your property the exposure it needs? How's their Customer Service? Do they provide a wide range of services and partner with relevant companies?
From mortgage services and furniture solutions to conveyancing assistance, the haus & haus team offers all the support you need in one place. Whether you're ready to sell your property or want to ask some questions, we'd be happy to help.
Frequently Asked Questions
By working exclusively with one agency, you'll have a dedicated point of contact throughout the entire process – no need to jump between calls and message multiple agents. This streamlined approach will make it a lot easier for you as a seller to stay on top of the latest updates on the process.
There's a common misconception that working with many companies is the only way to get major exposure. The truth is, if you go with an agency with an extensive database of buyers and investors, your property will be posted on major channels and targeted towards the relevant networks – with a dedicated marketing strategy and an area specialist supporting you along the way.
As a seller, you will need to pay a few costs to complete the transaction. Keep in mind that the NET price will be the agreed sale price with the following deductions:
- Agency fee: 2% of the agreed sales price
- No Objection Certificate from the developer: AED 525 – 5,500.
- Conveyancing Fee: AED 6,300 - 8,400.
- Mortgage discharge fee (if applicable): AED 1,605
This is what you'll need to begin your sale:
- Valid Passport
- Emirates ID and visa (if UAE resident). Non-residents can provide their passport only.
- Title Deed/Oqood.
There are many reasons why people choose to sell their property, some of them are looking for a bigger home while others want to take advantage of the market conditions. If you're still not sure about selling, there are some alternatives that allow you to retain ownership of your property – including long term leasing, holiday renting, and refinancing.
Before making a decision, you might want to talk to an expert about your specific case and goals. That way you'll dive into the process with confidence knowing it's exactly what you want.
