Frequently Asked Questions
Questions about selling, buying, or renting a property
Yes, a house can depreciate in value over time.
This can happen due to various factors, such as poor maintenance, changes in the neighbourhood, economic downturns, or natural disasters. It’s important for homeowners to regularly maintain and update their properties to help prevent or minimize depreciation.
While older homes may require more maintenance and updates, their unique features, established neighbourhoods, and lower purchase price can make them a good value for those willing to put in the effort.
A broker is a professional who acts as an intermediary between buyers and sellers in various industries. They facilitate transactions by connecting buyers with sellers and negotiating deals on their behalf. Brokers can be found in different fields such as real estate, finance, insurance, and the stock market. They have a deep understanding of the market and use their expertise to provide guidance and advice to their clients. Brokers play a crucial role in ensuring smooth transactions and helping clients make informed decisions.
Paying your own taxes and insurance can offer several benefits. Flexibility: When you handle your own tax and insurance payments, you have control over the process and can customise it to your needs. Cost Savings: By managing your own taxes and insurance, you can potentially save money by avoiding fees or commissions charged by professionals. Understanding: Taking care of your own taxes and insurance can provide a better understanding of your financial situation and how these obligations impact your overall financial health. However, it is important to note that handling taxes and insurance on your own requires knowledge and expertise in these areas, and any mistakes could have financial consequences.
Within 1-2 weeks, generally, a loan gets sanctioned depending on your CIBIL score.