Frequently Asked Questions
Question about selling
Yes, a home can depreciate due to market conditions, poor maintenance, economic downturns, or unfavorable neighborhood changes. However, real estate generally appreciates over time with proper upkeep and market demand.
It depends on several factors, including location, condition, and renovations. Older homes often have larger lots and unique architecture, while new homes offer modern designs and energy efficiency.
A broker is a licensed professional who helps buyers and sellers navigate real estate transactions, negotiate deals, and ensure legal compliance.
Yes, homeowners can pay their property taxes and insurance directly. However, if you have a mortgage, your lender may require an escrow account to handle these payments on your behalf.
The loan process typically takes 30 to 45 days, depending on factors such as lender requirements, credit checks, and property appraisals.
Question about renting
Yes, rental properties can depreciate due to factors like market conditions, poor upkeep, or declining neighborhood appeal. However, rental income can offset depreciation over time.
Older rental properties may offer lower rent and more space, while new properties often have modern amenities and require less maintenance. The value depends on location, demand, and condition.
A broker is a real estate professional who assists tenants in finding rental properties and landlords in leasing their homes. They help with negotiations and ensure legal compliance.
If you are a renter, you typically do not pay property taxes. However, you may need renters’ insurance to protect your belongings.
Renting does not require a loan process, but lease agreements can take a few days to finalize, depending on background checks and negotiations.