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Seller Guide

It’s never been easier, or more difficult, to sell your home.

That's a strange thing to state, but that's the irony of modern real estate markets.

So many opinions. So much (often conflicting) information…Where do you start? What do you believe? Who do you trust?

Source Properties Brokers eliminates the confusion. We work to offer you clarity and results. After years of listing and selling homes in Dubai—in both strong and weak markets—we know what works, what doesn’t work, and we have the experience to answer your questions, to simplify the complex, and to make the event of selling your home an organized, enjoyable experience.

Sellers have many reasons for selling. What is common amongst them, however, is that they want their homes sold as quickly as possible and for as much money as possible.

We believe our knowledge and methods achieve those goals better than any broker in Dubai.

 

4 Steps to Selling Your Home

Step 1 – You

Our First Priority is you and your needs as a homeowner. What is your reason for selling, your desired selling price and timeframe, and what do you want to achieve by selling your home? It’s only after we fully understand your goals, needs and situation that we can move on to what we will do and how we will help sell your home.

Step 2 – Powerful Data

We provide powerful market data and intelligence to help you succeed in making informed decisions toward reaching your goals. We’ll provide you with neighborhood data, local and national consumer trends, Comparable Market Analysis on your specific home and proper pricing strategies.

Step 3 – Our Nationwide & International Network

Source Properties allows you to tap into our expansive network of agents and experts both locally and International. Source Properties is locally dominant and will often sell a home quickly within our own network. Combine that with our wide reach, growing presence and prestigious reputation for innovation and industry leadership, we will get you the Results you are looking for.

Step 4 – Knowledge & Experience

We offer Experience, Knowledge and a proven Marketing Process. Our experience and knowledge will assure you that we are the best option to help guide you through the real estate process.

Selling Procedure

Put Our Experience to Work for You.

When you list your home with Source Properties agents, you will experience the very best service the real estate industry has to offer. Our agents are equipped with the knowledge, tools and support required to market your home for a quick, efficient sale.

If the property is cash:

The seller obtains No Objection Certificate (NOC) application — which is the developer’s consent that the property is free of debt, ties or liens and can be transferred.

All parties (buyer/seller/agent/conveyancer) meet at the developer’s office to apply for an NOC. The property also requires clearance for any outstanding service charges. The NOC will be issued to the name of the buyer, which then prepares the final transfer documentation. All parties (buyer, seller, agent or conveyancer) meet at a Trustee office Dubai Land Department (DLD) transfer center to issue the buyer a title deed with new ownership details.

If the property is mortgaged:

The seller obtains a liability letter from their bank (cash sellers will not need this step), valid for 15 days. Once the liability letter is received, the buyer’s bank pays off the seller’s mortgage. The seller may be required to sign some documents, as advised by the buyer’s bank or mortgage consultant. After mortgage settlement by the buyer’s bank, the seller’s bank issues clearance documentation, around 5 days after the loan has cleared. The buyer’s bank must settle the seller’s mortgage, prior to No Objection Certificate (NOC) application — which is the developer’s consent that the property is free of debt, ties or liens and can be transferred.

All parties (buyer/seller/agent/conveyancer) meet at the developer’s office to apply for an NOC. The property also requires clearance for any outstanding service charges. The NOC is submitted to the buyer’s bank, which then prepares the final transfer documentation. All parties (buyer, seller, buyer’s bank or mortgage consultant, agent or conveyancer) ) meet at a Trustee office Dubai Land Department (DLD) transfer center to issue the buyer or buyer’s bank a title deed with new ownership details.

**As of January 2018, fees are subject to 5% VAT.

We would love to help you sell your home. Please contact us for more information on +971 4 4541041.

 

YOUR TRUSTED COMPANY

Source Properties Real Estate consultants are RERA (Real Estate Regulatory Agency) registered.

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