Guide Faith Homesre

Buyer's Guide Faith Homesre

1. SET A BUDGET
The most important thing to do when you start looking for a property to buy is get your budget set.

2. GET A MORTGAGE IF REQUIRED
Have the mortgage advisor to get the bank’s preapproval which tells you how much you can spend. Remember you will need a minimum deposit of 25%.

3. FIND A RERA QUALIFIED BROKER
Once you’ve set your budget find a RERA qualified broker you will sign a Form B contract with your broker to represent you in the upcoming negotiations.

4. MAKE AN OFFER
Once you’ve found a property you love and are ready to make an offer move quickly.

5. PAY THE DEPOSIT
At this stage you will be asked to produce a current dated cheque in the name of the seller as a 10% deposit and a PDC in the name of the brokers company for the commission.

6. HIRE A CONVEYANCER
In most cases you will engage the services of a professional conveyancer to assist with the sales process.

7. GET THE NOC
Prior to the purchase the seller will need to obtain an NOC from the developer who built the property which will ensure the property is free from any outstanding service charges.

8. “BLOCK” THE PROPERTY
The seller will obtain a liability letter from their bank and you will come to the DLD to “block” the property with four cheques in the name of the seller’s bank, the seller, the DLD and the agency.

9. TRANSFER THE PROPERTY
At the transfer office you will need the cheque of 4% DLD transfer fee and cash for the DLD admin fees. Once the transfer is complete you will receive your new Title Deed and all keys/access cards to your property.

10. YOU ARE NOW A HOMEOWNER!
Congratulations. You are now a homeowner! You will need to make sure all utilities are registered under your name.

Seller's Guide Faith Homesre

1. FIND A LOCAL MARKET EXPERT
Have a property appraisal by a local market expert. Make sure it’s a face-to-face meeting at your home so they can see any unique features, assess current market conditions and look at recent and comparable sales in the same area.

2. BE EXCLUSIVE
Listing your property with one agent comes with a number of benefits. It gives the broker some security over the listing, making them more likely to invest extra time and marketing know-how to attract buyers. It’s also easier to deal with one, as opposed to multiple brokers. What’s more, over-exposure through different brokers can come across as a desperate sales measure and attract low offers.

3. PICK A BROKERAGE
Make sure you choose a brokerage with a strong local presence and wider market appeal to ensure that your property is marketed to all potential buyers.

4. MAKE THE PROPERTY CAMERA READY
You never get a second chance to make a first impression. Your broker should advice you on steps to be taken to make your property look its best for the photoshoot and for viewings. Decluttering and a fresh lick of paint are very effective ways to make a property more appealing to buyers and don’t forget the garden and front of the property to maximize the curb appeal.

5. GET THE NOC
While most fees fall on the buyer, sellers can expect to pay a small fee for a No Objection Certificate (NOC), which is needed in order to sell the property and up to 2% to their broker.

6. BLOCK THE PROPERTY
Sellers who have a mortgage on their property will need to go through ‘blocking’ and obtain a liability letter from their bank (costs and fees apply-buyer or seller settles in full).

7. HIRE A CONVEYANCER
Once you finalized the deal engaging the services of a professional conveyancing company is recommended to ensure the sales process goes smoothly.

Landlord's Guide Faith Homesre

1. GET IN TOUCH
Call us for chat to discuss your property – we’ll guide you through a free valuation.

2. LISTEN TO OUR EXPERTS
We will advise on rental prices and how best to market your property.

3. UPDATE YOUR PROPERTY
Make sure everything is spotless. Maximize space and hire a cleaner for a day if you need.

4. ROLL UP YOUR SLEEVES
Fresh paint and tidy outside areas will make you property more appealing and give it a fresh look.

5. STRIKE A POSE
Get ready for photo day.

6. BE FLEXIBLE
Viewings may have to be done outside of work hours.

7. THINK ABOUT OFFERING APPLIANCES
If tenants are new to Dubai, any appliances you include will add value.

8. SIGN THE DOTTED LINE
Get the signed contract back to your agent in a timely fashion, you don’t want to delay the process for your tenant.

Tenant's Guide Faith Homesre

1. SET A BUDGET
And choose an area by doing research online – beach or boulevard? Tower or terrace?

2. SIZE UP
Decide on how many rooms, if your furniture will fit and what facilities you require. Need a balcony, pool or a stunning view?

3. MEET OUR EXPERTS
And get out to do some viewings. Inspect each property carefully including air conditioning, wiring and plumbing.

4. FOUND IT!
Now it’s time for the admin stuff – we’ll tell you what you need, but prepare your Emirates ID, passport and visa.

5. SECURE YOUR PROPERTY
Be prepared to pay a security deposit. Get your cheque book ready and read your contract carefully before signing.

6. REGISTER YOUR EJARI
This is the registration of your rental agreement – don’t worry, your agent will tell you how to do this.

7. CONNECT YOUR DEWA (DUBAI ELECTRICITY AND WATER AUTHORITY)
And choose an internet provider – some buildings only have one provider so check before you commit.

8. MOVE-IN DAY!
And relax…the place is yours!