Many villa owners in Dubai often try to sell their properties without hiring a real estate agency. Since villas in Dubai are significantly more expensive than apartments, owners try to do this to put a substantial amount of extra money in their pockets.
However, this post will tell you the reasons why this isn’t a good idea. So, continue reading to make an informed decision.
However, it is important to mention that there is no regulatory or legal barrier that can prevent you from selling your villa without hiring a real estate agency or an individual real estate agent. You only need to follow some simple steps when you want to sell your villa independently.
First, you need to decide on how you want to advertise your villa for sale. If you want to advertise it in newspapers, brochures, etc., you need to talk to a print service provider. If you wish to take the online route, there are several online real estate portals that you can use.
Once you finalize an offer, you should consult a real estate attorney who will guide you during the finalization of the contract and transfer of the property.
Although the process may seem pretty simple and straightforward, it is not recommended. This is because if you make some mistakes during the process, you may not be able to gain the right value for your villa.
Here are the reasons why you should not try to sell your villa on your own.
You Will Have to Deal with the Challenges Associated With Marketing and Presentation
Needless to say, if you want to get the best deal, you must ensure that your villa is presentable. Even before you place an advertisement that says something like, “one of the best villas for sale in Dubai,” you have to fix the defects and declutter the property to give potential buyers the right impression.
But, without a good, experienced real estate agency by your side, it will be quite difficult to get your villa ready properly. Since these professionals come with years of experience in the field, they know the best methods to make a property presentable.
You Will Have Difficulties Setting an Accurate Value for Your Villa
To get the best deal for your villa quickly, it is a must to set an accurate value for it. If you set the value lower than what should be, you can easily lose out a significant amount of money. And if you set the value higher, you may have to wait for a long time to find a buyer.
On the contrary, a reputable real estate agency has access to sales data in your area and the team is highly familiar with the market. Therefore, such an agency can easily set an accurate value for your villa. Even if you want to get a price higher than its actual value, the team will be able to tell you what you should highlight to justify it.
You Will Need to Invest a Huge Amount of Time
When you want to sell your property independently, you will have to set aside a huge amount of time for interviewing potential buyers. However, when you hire a real estate agency to sell it, the team will interview all potential buyers and answer all their queries. As a result, you will only need to meet a few shortlisted potential buyers who match your criteria exactly.
You Will Need to Handle All the Paperwork Yourself
Lots of paperwork is involved when it comes to selling a property. The paperwork involved in the sale process is complex and requires experience and time to handle properly. However, when an experienced real estate agency gets involved in the process, the situation becomes entirely different.
These professionals are well-versed in all the paperwork associated with the sale of a villa. Once an offer is made by the buyer, they know which authorities they need to contact and what needs to be done to expedite the sale process. You will not need to get involved in the process at all.
You Will Still Need To Pay a Real Estate Attorney
As noted above, once you receive your dream offer, you will still have to pay a real estate attorney who will take care of all the legal work that must be completed to transfer the property successfully. On the other hand, reputable real estate agencies have experienced real estate attorneys to deal with these matters.
So, by paying a reputable real estate agency some more, you get to enjoy an absolutely hassle-free and fast selling process.
As you can see, selling your villa through an experienced real estate agency is always better. If you want to hire such an agency, you may contact fäm Properties. They have a robust team of experienced professionals who can help list your property on their “villas for sale in Dubai” collection and get you the best deal.