Frequently Asked Questions

Question about selling

There is a direct relation between the physical life of a structure and its property value. Over time, a property tends to depreciate. The rule that ‘while land value always appreciates, house value depreciates’ is one of the basic tenets of property dealings which many investors and industry experts are aware of.

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.

A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.

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.

Once your application is submitted along with your documents, it can take anywhere between 1-7 days for your personal loan to get approved and a couple of days after that for the disbursement. Depending on the type of lender you go with, this timeline may vary.

Question about renting

Depreciation of property value is the decrease or dip in the selling value of your home. This is calculated as the ‘factor’ product of the total value of the property with the age of construction. While land appreciates, construction always depreciates.

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.

A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.

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.

Once your application is submitted along with your documents, it can take anywhere between 1-7 days for your personal loan to get approved and a couple of days after that for the disbursement. Depending on the type of lender you go with, this timeline may vary.

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