Frequently Asked Questions
Question about selling
The value of a home depends on its age of the construction, the strength of its materials used, etc.. value of an old home depreciates in market value whereas land value remains competitively increases as per market. Hence new home always has an advantage in its years of construction and its market value.
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Question about renting
Depreciation of the property value of a home is the reduction in its sale value. It is calculated as the ‘factor’ product of the total value of the property with the age of construction, quality materials used while construction, Its wear and tear of maintenance, location, amenities it possesses. Also, in the case of independent houses, the building component depreciates whereas land is valued at market price competitively.
The value of a home depends on the year of its construction and its quality, strength, and its maintenance, .etc other various factors but the market value of the land never depreciates its parallel with present rates. Whereas in the new home its value is as per market value because its market value competitively high due to its year of construction its amenities, every aspect matches as per the current scenario, Hence new homes have good value than a new home.
A real estate broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. In turn he gets commission from both the parties for closing the deal.
Yes, there is because every company has come online to give their services to larger audiences online, hence we can pay taxes and insurances online without any hassles.
The process of the loans depends completely on the individual banks which have their set of guideline to clear the loan process after full scrutiny of documents,eligibility criteria, and various factors to process the loan.