Frequently Asked Questions
Question about selling
- During a financial crisis yes it will lose value, but it will recover in tandem with the economy.
- If a neighborhood goes bad the property value will take a dive; once the area improve so will the home value.
Real Estate is a slow moving investment, if you time it right and are willing to hold off through the good and bad times, you can almost always make money.
Old homes offer charm, new homes offer higher value…or at least that is what many buyers think. The truth is that value may be in the eye of the beholder. … An older home may be just as valuable as a new home if these features are up to date and concern for maintenance costs is minimal.
The broker is a completely independent player in over-the-counter (OTC) financial or non financial markets. Its role primarily consists of providing a point of contact for institutional clients seeking to buy or sell financial or non financial products. … The broker receives a commission on each client transaction.
You might be able to cancel your mortgage escrow account and pay property taxes and insurance on your own. … The servicer keeps this extra money in the escrow account until your property tax and homeowners’ insurance bills are due. It then uses the money to pay the bills on your behalf.
Generally, it takes about 3 to 4 weeks for your home loan to be sanctioned. · Please expect a delay in your home loan process as in many cases
Question about renting
You may not own the apartment, but that doesn’t mean the community employees should be able to enter your home anytime they please. In most instances the apartment should give you notice prior to entering your apartment, and legit complexes will be up front about what circumstances warrant them entering an apartment. You may also want to consider safety here. For example, does the landlord require background checks for those employees who have access to your apartment?
Does your rent include access to one or more parking spaces? Are the reserved, or in an open lot? If parking isn’t provided, what are the alternatives? Street parking? Nearby garages? Be wary of being told street parking is easy to find. It could be tougher than advertised, so you should check it out for yourself.
In many instances you’ll have to give notice 30-60 days in advance of moving out. If you don’t give the required notice, your lease could automatically renew or you could lose your security deposit.
Putting your own personal touch on an apartment can end up costing you at some complexes, while others don’t mind as long as you put things back the way they were when you moved in.
This is important for two reasons: 1) If improvements are being made then you may have to deal with construction, and 2) updates could add to the amenities, enjoyment and appeal of your apartment.