Seller's Guide: Selling Your Property with LASE Properties

Step 1: Present Your Property
If you're looking to sell your property quickly and at the best price, presentation is key. Prioritize making your property look its absolute best by addressing any cracks, flaws, and maintenance issues, thorough cleaning, necessary painting, and tending to the garden. Potential buyers may not have the imagination to see a property's potential value, so taking care of these repairs beforehand is essential.

Step 2: Full Market Analysis
A real estate expert from LASE Properties will conduct an on-site analysis of the current real estate market situation and provide pricing suggestions based on property type, location, and development. Our agents will craft a strategy to maximize your property's selling potential. We provide you with online tools and reliable information on previous transactions, rentals, and other relevant data to make informed pricing decisions.

Step 3: Listing Your Property with a Reputable Real Estate Firm
To list your property, you'll need to sign Form A or Contract A with the Dubai Land Department and provide a copy of your passport or Emirates ID and title deed. Form A is a mandatory contract per the law to sell or advertise any property in Dubai, outlining all requirements between the seller and the broker. The broker will apply for marketing permission to promote the property.

Step 4: Time to Market Your Property
Effective marketing is crucial to successfully selling your property. Listings with professional photos and descriptions, upgraded to premium levels, have a higher chance of selling within the first four weeks. Our agents use email and social media campaigns to reach a larger audience. It's essential to choose an agent with knowledge of various marketing platforms and access to premium tools for maximum exposure.

Step 5: Exposing the Property to Prospective Buyers
Your property consultant will coordinate viewings with interested parties. Our experts will keep you updated on new leads and negotiate with prospective buyers on your behalf, with your approval on the price range. Providing unrestricted and easy access to the agent can increase the number of potential buyers interested in viewing your property.

Step 6: Agreement between Seller and Buyer
When a buyer expresses interest in purchasing the property, negotiations on price and terms take place between the parties. Having a qualified agent at this stage is crucial for establishing a case based on facts and data trends. To show the seriousness of the offer, it's helpful to include a 10% deposit cheque. After reaching an agreement, both parties sign a Memorandum of Understanding (MOU) or Form/Contract F. The entire process can be executed electronically online using SMS and OTP.

Step 7: Are You a Mortgage Seller?
Before the No Objection Certificate (NOC) can be issued, the buyer must pay off the seller's mortgage. This involves the buyer's bank working directly with the seller's bank to ensure a smooth transaction. Starting this process with your bank or lender on the same day as signing the MOU is recommended.

Step 8: Apply for the NOC
All parties gather at the developer's office to apply for a No Objection Certificate (NOC) required before selling the property. The developer investigates any outstanding service charges or alterations that need addressing. The application is accepted upon payment of a fee, typically between AED 500 and 5,000 with VAT.

Step 9: Disconnect Facilities
Initiate the process of disconnecting utilities with service providers, such as DEWA (Dubai Electricity and Water Authority). Ensure all parties are aware of the transfer and finalization date to prevent delays.

Step 10: Hand Over the Keys
After receiving the NOC, all parties visit the trustee office of the Dubai Land Department to officially transfer ownership of the property in exchange for payment. The purchase price is typically paid in the form of a manager's cheque made payable to the seller on the transfer date. Manager's cheques are also required for the 4% transfer fee and an administrative fee. After all procedures are completed, a new title deed is issued in the buyer's name, and any prepaid service costs are settled between the parties.

Selling your property with LASE Properties ensures a seamless process, expert guidance, and maximum exposure, making your real estate journey in Dubai a success.

Trust LASE Properties to facilitate your property sale.