Step 1. The first step in the sale of the property is to ascertain its value. At Fidu Properties, we can help provide you with an accurate and trustworthy property appraisal to ensure you receive the best deal possible. Through this step, you will gain insight into the state of the real estate market at the time of the appraisal and the position of your property within the spectrum of the market.
Step 2. The next and most important step of the process is to choose an agent to facilitate the sale. When deciding on which agent you want to assist you, the key factor to consider is trust. At Fidu Properties, our priority is to attain the best deal for our clients and demonstrate empathy for their needs. The professional and expert advice you will receive from the agents at Fidu is unmatched; we will aid you to sell your property at your own pace.
Step 3. It is your responsibility as the owner of the property to get it ready for viewings. As a general rule, if you are living in the property, you should:
- Declutter the environment
- Open windows to let in natural light
- Add fresh flowers and plants
- Keep private items out of the line of sight
If your property is vacant:
- Deep-clean the property
- Paint the walls
- Confirm that the utilities are working
Step 4. After the property is ready for viewings, your agent will proceed to list the property on various real estate websites to attract potential buyers.
Step 5. A key step in this process that can decide the speed at which your property is sold is marketing. At Fidu Properties, our dedicated in-house marketing team has a keen understanding of the real estate industry and deliver the most effective strategies for lead generation.
Step 6. Once the word is out there, the next step is to have your agent schedule viewings. It is essential to have the property ready for viewings at all times of the day. Agents from Fidu Properties will arrive earlier than clients and will make sure that the property and its interiors are presentable.
Step 7. Your agent will convey all the offers made on your property. It is then up to you to decide which offer best suits your needs; your agent is always available to assist you in the decision-making process.
Step 8. After accepting an offer, your agent will arrange for a Memorandum of Understanding (MoU) to be drawn up - an MoU is a formal document that outlines the agreed-upon details of the sale between the buyer and the seller.
Step 9. If your property was purchased using a mortgage, the next step is to request a liability letter from your bank that states that you have repaid the mortgage and you are clear of all debts. Once this is done, you need to procure a No Objection Certificate (NOC). The Certificate is only granted after a fee is paid and the documentation is checked. The NOC can cost between 500-5000 dirhams.
Step 10. After all the documentation is ready and signed - all parties involved need to make their way down to a Registration Trustees office in Dubai to initiate the transfer of the title deed into the buyer’s name. At the moment of transfer, you will receive the payment.