Frequently Asked Questions

Yes, a home can depreciate in value due to several factors, such as changes in the local real estate market, economic conditions, the age and condition of the property, and neighborhood changes. However, proper maintenance and improvements can help maintain or even increase a home’s value over time.

It depends on various factors. Older homes may offer more character, established neighborhoods, and larger plots of land. However, they may also require more maintenance and repairs. New homes typically come with modern amenities and fewer immediate repair needs, but might be priced higher due to the latest construction techniques and materials.

A broker is a licensed real estate professional who acts as an intermediary between buyers and sellers. Brokers help facilitate property transactions, offering expertise in negotiations, contracts, and market conditions. They often work with agents and can provide a range of services to both buyers and sellers.

Yes, you can pay your own property taxes and homeowners insurance directly, but it depends on the terms of your mortgage. Some lenders require that these payments be included in your monthly mortgage payments through an escrow account. Be sure to check your mortgage agreement for details.

The loan process typically takes between 30 to 45 days from the time you submit your application to the time you close on the home. This timeframe can vary depending on the lender, the complexity of your financial situation, and the overall real estate market conditions. It’s essential to stay in close communication with your lender to avoid delays.