Frequently Asked Questions

Questions

 Homes absolutely depreciate. As a physical asset, time takes its toll on any and every home on the market. Perhaps even more importantly, that’s how the IRS sees it, too.. There is a direct relation between the physical life of a structure and its property value. Over time, a property tends to depreciate. However, land is an asset which remains valuable for several years and hence its value does not depreciate.

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 quality of initial construction also affects value. Some would argue, due to increased regulation of building codes, that new homes are built better than older homes.

Brokers build and maintain customer relationships, execute sales and complete administrative duties, such as document preparation, and follow-up with customers. Customer service is a crucial component of the Broker’s job; they are responsible for ensuring and maintaining customer satisfaction.

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, your home loan.

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