It’s quite easy to get caught up in the exhilaration of buying a house. It’s staged attractively, it smells great, and there’s a welcoming agent pointing out the appealing details and thoughtful upgrades. Whether you are looking for apartments for sale or villas for rent in Dubai, from requesting a sellers’ disclosure form to asking straight questions about each house, it’s your right to ask everything. In this way, you will be able to decide if you want to make an offer or keep moving.
The real estate market of the UAE has shown tremendous growth in the past few years. Thus turning the tide in the favor of buyers. As the property prices are at the lower end of the spectrum, it is the best time for those who want to own a home in the city of gold. Easier said than done, many people still find themselves on the fence, either due to lack of confidence about asking questions from the owners/agents while buying a property or perhaps due to a lack of information about what’s involved in the process.
Starting from Scratch
As a buyer, you have every right to ask whatever comes in your mind. Don’t consider yourself to be the first who asks such questions. Clarity is paramount for the peace of mind. Without it, you won’t be in a position to carve out a good deal for yourself. So, this article covers the most important questions many people are afraid to ask while buying properties in Dubai.
Why Is the Homeowner Selling and How Long Have They Lived There?
You might wonder why the owner wishes to sell this house in the first place. Are they moving because they found a new job overseas or is it because their homes are slowly sinking into the ground?
Buyers find themselves at odds while asking about the seller’s motivation. However, once they know the reason behind the seller’s move, it will help them decide if the home will be an ideal fit for them. That is to say, if the owner is planning to move because they have to be somewhere else within a predetermined time, they may be more willing to negotiate on price.
Secondly, finding out how long the sellers have lived in the house is yet another helpful information to gather. In this way, you will be in a better position to make a pragmatic decision for yourself.
What Is the Situation of the Market in The Neighborhood?
Nobody wants to move into a neighborhood that’s on the verge of foreclosures. You might be interested to know the answer to this query but at the same time, you lack the confidence to ask from a realtor.
It’s your right to know whether the abandoned houses for sale in the neighborhood are showing the signs of progressions or the locality may be in decline. And you won’t be able to figure out this until a few months after you’ve moved in.
So, ask your real estate agent about the market in the neighborhood, precisely if there’s any concern that the locality may decrease in desirability.
Is the Property Worthy for Purchase?
Your real estate agent can’t tell you what you should offer, but they can definitely help you to compare similar homes in similar areas. In this way, you can analyze the market situation of that particular neighborhood.
You need to ask your agent about the high and low price for similar properties so as to make an educated offer on a home. Don’t feel ashamed while asking this out as you are not the only one who comes across with such confusions.
Is the Seller Flexible on Their Asking Price?
If you make a low ball offer on a home, you could just add insult to injury and lose your chance at purchasing the home. You need to talk to your agent or the listing agent to ask if the seller is willing to negotiate on their asking price.
In all, ask questions to clear all your ambiguities. After all, it’s better to share your concerns than to regret your decision for the rest of your life.