While buying a property in the UAE is fast becoming one of the most lucrative investments anyone can undertake, there are a few questions you should ask your real estate agent that could potentially save you thousands, if not millions.
Find out more about your estate agent.
Just as you would ask anyone you were looking to employ about their previous history, it’s essential to know how much experience your estate agent has in selling properties in Dubai.
We recommend that you ask questions about:
- What types of property do they specialise in selling?
- How many years of experience do they have in selling properties in the UAE?
- How much will they make on the commission?
- Can they provide a testimonial from previous clients?
Find out the reason why the existing owners are looking to sell
Now that you’ve found out a bit more about your agent, it’s time to begin asking questions about the property itself and find out why the property is on the market.
Granted, if the property is a new build, you won’t need to bother with this question. However, if the property you’re after has had multiple owners, it’s important to ask why. Otherwise, you could end up purchasing something that could cause you problems in the future.
Find out who lived in the property previously
Similar to the previous question, it’s important that you get as much information regarding the property as you can. For example, asking questions such as:
- Where do they live currently?
- Did they do much to the house in terms of renovations?
- Did the previous owners have children?
- Did they own pets?
Having this type of information can go a long way in knowing how well previous owners have looked after the house.
Find out how many other potential buyers are also looking at the property.
It can sometimes be hard to get an answer from real estate agents when asking such questions, but it doesn’t hurt to inquire.
If the property you’re after is in high demand and you’re seriously considering putting in an offer, you might have to move quickly; otherwise, you could miss out.
We hope you found this article helpful, and more importantly, we hope you use it to ask your real estate agent questions that will help you secure your next property without any hassles.
However, if you’d like to know more about buying property in the UAE, contact us directly, and we’ll help you get started on your journey.
At Mayfair, we know that our team will get you the best result. We provide our clients with industry-leading property technology so that they can get the best deals possible. Get in touch with us on +971 4205 3373, +971 4205 3374 or drop an email email@example.com to begin your property search with us in Dubai.