Frequently Asked Questions

Question about selling

Yes, a home can depreciate in value under certain conditions. Market downturns, changes in neighborhood desirability, poor property maintenance, or economic factors can all affect home values. However, well-located and properly maintained homes tend to appreciate over the long term

An older home can be an excellent value. Older properties often offer larger layouts, established neighborhoods, and lower purchase prices. While maintenance costs may be higher, many buyers find that the character and location outweigh the drawbacks when properly evaluated

A real estate broker is a licensed professional who represents buyers or sellers in property transactions. Brokers have advanced training beyond real estate agents and are legally authorized to manage transactions, negotiate terms, and oversee the entire buying or selling process.

Yes, in some cases you can pay your own property taxes and insurance directly. This depends on your lender and loan type. Some lenders require escrow accounts, while others allow borrowers to manage these payments independently.

The loan process typically takes between 30 and 45 days, depending on the lender, loan type, and buyer preparedness. Having complete documentation and a responsive lender can help speed up the process.

Question about renting

Renting may be a better option for individuals who value flexibility or are not ready for a long-term commitment. It allows tenants to avoid maintenance responsibilities and large upfront costs, but it does not provide long-term equity or investment benefits.

Typically, renters should be prepared to pay the first month’s rent, a security deposit, and sometimes broker or application fees. The total upfront cost usually equals two to three months of rent, depending on the property and location.

Yes, most landlords require a credit check as part of the rental application. A stronger credit profile improves approval chances, but alternatives such as guarantors or higher deposits may be accepted in some cases.

Most residential leases are for 12 months, although shorter or longer terms may be available depending on the landlord. Month-to-month options are less common and usually come at a higher rental cost.

Utility coverage varies by property. Some rentals include water or heat, while others require tenants to pay all utilities separately. It is important to confirm this detail before signing the lease.