FAQ
FAQ
Frequently Asked Questions
What home can I afford?
That depends, of course—on your income and other financial obligations. If you see houses you love outside your price range, it opens you up to disappointment. Meet with a lender to get pre-approved for a home loan (added bonus: pre-approval makes you much more attractive to sellers).
How do I know if the property is a good deal?
While there’s no crystal ball on whether a certain home is a bargain and will appreciate, rest assured that with research, you can keep surprises to a minimum. The best way is to check out comps—what similar properties are selling for in the area, and whether those prices have been going up or down in the recent past. Dubai market is never the same and prices can fluctuate somewhat depending on the demand of specific project. Our brokers at Cloud 9 Realty can certainly help you evaluate available options through their extensive experience and use of robust data analytics tools.
Should I get a home inspection?
While buyers often wonder if a home inspection is truly necessary, most Brokers unequivocally say yes, yes, and yes. A home inspector takes a weight off of your shoulders by looking into the condition of the roof, electricity, heating and air, plumbing. Ensuring these things work prevents you from paying to fix them in the future. If some things are not up to par, you can negotiate with the seller to get those fixed before you sign the paperwork.
How many homes should I see before making an offer?
Up to you, sport! While home shoppers these days can look at hundreds of homes online, they only check out 10 homes on average before they put in an offer. But keep in mind, This varies tremendously for each person. Some people find their home within hours of hunting. For others, it takes months. If you want to streamline the process, it can help to really hone in on a particular neighborhood you’re keen on; that said, if you feel limited by your options, it may be time to expand to surrounding areas.
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