Frequently Asked Questions

Yes, a home can depreciate in value over time. Several factors can contribute to property depreciation, such as market conditions, neighborhood changes, maintenance issues, economic downturns, or environmental factors. While real estate is generally seen as a long-term investment that may appreciate, it’s important to understand that property values can fluctuate. Regular maintenance, home improvements, and staying informed about market trends can help protect your property’s value.

Both older homes and new homes can offer value, but it depends on various factors. Older homes often have unique architectural features, character, and may be located in well-established neighborhoods. However, they might require more maintenance, repairs, and upgrades. New homes, on the other hand, typically come with modern designs, energy-efficient systems, and fewer immediate maintenance concerns. The best value depends on your budget, lifestyle, preferences, and long-term goals. We recommend thoroughly inspecting any property and consulting with experts before making a decision.

A broker is a licensed real estate professional who acts as an intermediary between buyers and sellers in property transactions. Brokers have advanced knowledge of the real estate market, legal requirements, and negotiation strategies. They help clients buy, sell, or rent properties and often supervise real estate agents working under them. Brokers can also offer guidance on pricing, marketing, and closing processes, ensuring smooth and legal transactions for all parties involved.

Yes, you can usually pay your own property taxes and insurance directly, but it depends on your mortgage agreement. Many lenders require an escrow account, where they collect monthly payments for taxes and insurance along with your mortgage payment. However, if your lender allows, and you have a good payment history, you may be able to handle taxes and insurance independently. Always check with your lender or mortgage provider to understand your specific options.