Frequently Asked Questions
Question about selling
Yes, a home can depreciate in value if the local market slows down, nearby amenities decline, or the property is not maintained properly over time
Older homes can offer great value if they are well maintained and located in established neighborhoods, often with larger plots and mature surroundings. New homes, however, usually come with modern designs, energy‑efficient systems, and lower immediate repair costs.
A real estate broker is a licensed professional who can help you market your property, negotiate offers, and guide you through contracts and closing. Brokers often supervise agents and have additional training and legal responsibilities.
Many lenders collect property taxes and insurance through an escrow account, but in some cases you can pay them directly if your loan terms allow it. It is important to confirm this option with your bank or mortgage company before making any changes.
The loan process for a home purchase typically takes around 30 to 45 days from application to closing, depending on the lender and documentation. Delays can occur if additional verifications, appraisals, or paperwork are required.
Question about renting
Before renting, review the lease terms, monthly rent, security deposit, and any additional fees such as maintenance or utilities. Also inspect the property for existing damage and ensure repair responsibilities are clearly mentioned in the agreement.
In most rentals, landlords are responsible for major repairs to structure, plumbing, and electrical systems, while tenants handle minor day‑to‑day upkeep. These responsibilities should be clearly written into the lease to avoid disputes later.
Some rental properties include utilities such as water, gas, or internet in the monthly rent, while others require tenants to set up and pay their own accounts. Always ask which services are included and which are separate so you can plan your total monthly budget.
A common lease term is 12 months, but landlords may also offer 6‑month, multi‑year, or month‑to‑month agreements depending on the property. Clarifying the renewal process and notice period in advance helps you avoid unexpected moves.
Landlords usually ask for identity documents, proof of income, references, and sometimes a credit report to evaluate rental applications. Having these documents ready can speed up approval and secure the property you like.