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Frequently Asked Questions
Question about selling
Yes, a home can depreciate in value, but it depends on various factors. While land itself typically appreciates, the structure (the house) can lose value due to physical deterioration, market conditions, or changes in the neighborhood. Here are some key reasons a home might depreciate
It depends on what you mean by “value.” Both older and new homes have pros and cons, and their value depends on factors like location, condition, and personal preferences
A broker is a person or firm that acts as an intermediary between buyers and sellers to facilitate transactions. Brokers are commonly found in industries such as real estate, finance, insurance, and investments
Yes, you can pay your own property taxes and homeowners insurance instead of having them included in your mortgage escrow, but it depends on your lender and loan type
The loan process typically takes 30 to 45 days, but it can be faster or slower depending on the lender, loan type, and borrower’s financial situation
Question about renting
Yes, a home can depreciate in value, although real estate generally appreciates over time
It depends on what you’re looking for in a home! Both older and new homes have their own advantages and drawbacks in terms of value.
It depends on what you’re looking for in a home! Both older and new homes have their own advantages and drawbacks in terms of value.
Yes, you can pay your own property taxes and homeowners insurance instead of having them included in your mortgage escrow, but it depends on your lender and loan type
The loan process typically takes 30 to 45 days, but it can be faster or slower depending on the lender, loan type, and borrower’s financial situation