Are you looking to get the best property appraisal in Dubai? Do you need a professional real estate agent to help you with the appraisal process? Read on to learn some excellent tips to help you get the actual worth of your property.
Getting the actual value of your property can be a daunting task. The process of assessing and coming up with estimated figures close to the current market value needs the hard work and input of a qualified real estate professional.
Knowing how much a property is worth assists in knowing how much the same property is worth reselling for and a few factors one can consider to help increase its current value. Stay on to learn more about finding expert real estate agents to reach out to for your property appraisal in Dubai.
What are the tips for preparing for property appraisal in Dubai?
When deciding to buy or sell property, it’s essential to understand the guide to property management. With this knowledge, you can incorporate a few basic steps to help your property’s appraisal preparation.
Review the market
If the plan is to secure a loan to buy a new home, you must compare recent sales of homes around your neighbourhood and the home you are looking to buy. At Land Sterling, we have experts available to take this weight off your shoulders. Our real estate agents take their time to assess your desired property and come up with an estimate of the final cost.
Examine your property’s desired state of repair
Assessing how much repair is needed to help give the property good value if you intend to sell your property. The same applies to buying property. Knowing how many repairs you need for the property you are looking to buy helps you plan financially. Our property valuations team has over 15 years of experience and will take up this task, helping you settle for a worthy property.
Provide documentation
If your property has had any previous appraisals, it is essential to provide these documents in full to the real estate agent. Our experts can gauge the costs incurred in prior assessments and come up with the costs of the current state of your property to help with proper appraisal and valuation.
How to get the highest value for your property appraisal
Do necessary maintenance on your property.
Take out everything that’s no longer in use on your property. These items tend to decrease the value of your property and stand in the way of a proper property appraisal process. The RICS comprehensively regulates our staff to conduct property management services, including advising on the items no longer needed on your property. This will help increase the property’s value to interested buyers during the appraisal process.
Post attractive pictures online
Social media has become an excellent tool for attracting potential buyers when making investment decisions. Our Land Sterling real estate agents will assist you in taking some of the best pictures of your property and use their expertise in CRM and technology to post these pictures. Our tool helps attract potential buyers willing to get to the maximum value amount of the property determined during the appraisal process.
Stage your property to get a higher selling price
You probably have very few amenities showing on your property which may cause a challenge with getting an attractive value to your buyers. Instead of going through this alone, we have confidence that the 10,000-plus projects we have completed will help us help you maximize your property’s price by showing its best advantages.
Inform your appraiser of the improvements you have made
When you make any improvements on your property, let the appraiser know before the property appraisal process begins. Letting the appraiser have this information gives them the impression that you are responsible and have taken proper care of your property. With our 100 years of cumulative experience and can assess the improvements you have made and let you know if or not they will increase your property’s value.
Conclusion
The appraisal process of your property can be a daunting task. It would help if you considered many factors to ensure that the estimated price of the property matches the condition it is. At Land Sterling, we delight in simplifying tasks that seem impossible to achieve. Our15 years of experience in real estate and property management and have completed more than 10,000 projects. If you need a property appraisal in Dubai, you can count on us to deliver and help you appreciate investing in your property. Reach out to Land Sterling and get a quote for property appraisal today.
Frequently Asked Questions
Does the appraiser know the amount stated in the property appraisal contract?
The sales contract is an included document during your property’s appraisal process. In this case, likely, the appraiser is already aware of the property’s selling price. However, this is not always the case.
What happens if the property appraisal price is higher than the contract price?
You’re in a great position in such a case as you are willing to pay the property’s seller less than the initial market value. Your mortgage amount remains constant as the selling price will not go up to meet the property’s appraisal value.
Who do I talk to if the property appraisal information is inaccurate?
You should immediately contact the appraiser’s assessment department if you notice errors or inaccuracies in the appraisal report. Ensure to have the date reviewed before putting out the property for sale.
How long does a property appraisal take?
An appraiser takes between seven to ten days to complete the assessment of your property, research and eventually prepare an appraisal report.
