Everybody dreams of a beautiful house or an amazing apartment by the beach in the beautiful, ground-breaking Dubai. Nowadays, Dubai has become the city of possibilities for both nationals and expats.
So why not start looking for townhouses and villas for sale in Dubai? There are also amazing companies and developers who are always expanding themselves in the market, check out some new off plan projects by Emaar without worrying about money or what amount you are going to offer for the new property of your dreams.
Here are some rules you have to keep in mind when you’re negotiating your offer so you can get that house or apartment in the blink of an eye.
- ACT FAST
When you intend to buy a property in Dubai, you are going to receive many counteroffers. You should respond quickly. Experts say that you should give a response within 24 hours to increase your chances of getting it and also proving your interest in the transaction.
The longer you wait, the more space will be for another buyer to get the property before you.
- RAISE YOUR PRICE
You should make a second offer, in which you’ll be offering some more money. You can ask your real estate agent on this, so you don’t overpay for the property. Your agent can help you determine how much money you should add to your first offer so it gets even more attractive.
- INCREASE YOUR EARNEST MONEY DEPOSIT
Increasing your earnest money deposit (which is the amount of money you send to the seller to prove you’re interested and serious about buying this new property) is another way for you to get the house of your dreams without much effort.
Usually, the standard earnest money deposit is about 1% of the sales price. Offering 3% to 4% deposit could be just what you need.
- DEMONSTRATE PATIENCE ABOUT TAKING POSSESSION
Waiting a little longer to take possession of the property might also help the previous owner move out, get everything in place and just giving him/her some more time to say goodbye to the house might help a lot too.
- KNOW WHEN TO TALK
Listen very carefully to your agent. In the end, the real estate agent is the one with experience in the market and will probably know when a deal is good or bad for the client.