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Based on analysing thousands of sales transactions registered in Dubai Land Department.

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FAQ

Property Valuation

A bank appraisal serves as an internal regulatory and precautionary tool for lenders to reflect what reasonable amount can be claimed if the property needs to be repossessed and sold in a distressed state. For this reason, the property valuation price must be below the market value

It is not necessary to do a property valuation before receiving a debt rescheduling. However, you need to know the approximate market value before beginning any debt restructuring

The short answer is nothing! Realtor reviews are usually free because they know it’s a good time to view the property, offer their services, and sell to you. It is known as contact time with the client and is an important part of the real estate agent’s business model.

It’s a good idea to check our home’s value on a regular basis and to begin owning your home’s history and value online. When it comes time to sell, buyers will search up your address on the internet, and if the internet suggests your home is worth less than you’re asking, it could hurt your negotiating position.

Looking at your home’s value before you sell provides you an idea of how much you can market it for and how it compares to other listings in the region at that time in the weeks and months leading up to selling it. When considering big modifications to your home, such as remodeling or updating your property insurance, you should also assess its value.

  • Use online property valuation tools. Searching “How much is my house worth?” online revealed dozens of home appraisers.
  • Get a comparative market analysis.
  • Hire a professional appraiser.
  • Compare comparable objects.

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