Frequently Asked Questions
Question about selling
Yes, a home can depreciate due to factors like market trends, neighborhood decline, or lack of maintenance. However, upgrades and market growth can increase its value over time.
Older homes may offer more space or character at a lower price, but may require more maintenance. A professional inspection can help assess its true value.
A broker is a licensed real estate professional who can guide you through buying or selling a property and may supervise real estate agents.
If you own your home outright or your lender allows it, you can pay property taxes and insurance directly. Some mortgages require escrow payments instead.
The loan process typically takes 30–45 days, depending on the lender, documentation, and appraisal timelines.
Question about renting
While property value affects the landlord, it usually doesn’t impact rental pricing unless market rates shift drastically.
Older rental homes may offer larger spaces or lower rent, but condition and maintenance should be considered before signing a lease.
A broker can help renters find suitable properties, negotiate lease terms, and ensure that agreements are fair and legal.
As a tenant, taxes and insurance are handled by the property owner. You may choose to get renters insurance to protect personal belongings.
Renting does not involve a loan process. Instead, tenants typically undergo a background and credit check, which can take 1–3 days.