Frequently Asked Questions

Question about selling

1. How should I prepare my house before selling it?

First impressions matter in business, but especially in real estate. Anyone walking through a house or touring it virtually will be looking for ways to pass or negotiate down on the price. You must help clients make sure that the HVAC, plumbing, and electrical system all work properly. Each room should look clean and decluttered with no overt damage insight.

2. How long will it take to sell my home?

Once the house is on the market, it may take anywhere from four to six weeks to sell. However, if the market is fairly hot, a seller could see their house off the market within a week. On the flip side, if there is a lull in the market or issues arise such as negotiation, lack of exposure, or house conditions then the property can sit on the market for months.

3. What is a broker?

A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.

4. Can I pay my own taxes and insurance?

It’s possible to avoid escrow and pay your own taxes and insurance under certain circumstances. This will make your monthly mortgage payment lower, but you’ll have to make separate payments for property taxes and homeowners insurance.

5. How long does the loan process take?

Getting a home loan, or any loan for that matter is time consuming and often requires a lot of patience. Generally, it takes about 3 to 4 weeks for your home loan to be sanctioned.

Question about Buying

1.What is a good budget for a house?

Normally, best budgeting of housing involves a variety of open-ended costs that includes the owner’s insurance, property tax, repair expenses, maintenance cost in case of buying the property and renting involves a different set of expenses like the Basic Rent, Miscellaneous expenses etc. The expenses differ based on the idea of choosing rental or your own property. You need to be firm with your budget for home and do not go beyond your limit of affording to the property

2. How many houses should I view before purchasing one?

Once you view 10-15 homes in person, you probably have a good idea of what’s available in your price range. You have sufficiently “built your gut” and are likely ready to make an offer on the next home that meets your criteria

3. What is a mortgage and how does it work?

A mortgage is a type of loan to finance a property. The majority of people are not wealthy enough to purchase a house in total. Thus, a mortgage serves as a secure loan that comes with a fixed interest rate and gets paid off over 15 or 30 years. If need be, your client can refinance their mortgage and payments in the future.

4. How important is location when buying a house ?

In terms of buying a house, you need to select the area that keeps in mind its future scope and development which will surely have a strong demand in real estate pricing. Location plays a vital role when you choose to buy or rent an apartment. Looking for convenience in terms of a lively neighbourhood surrounded with Schools, Hospitals and basic requirement meetings stores and this will add value to your home. Good neighbourhood, Age of the home normally determine its future value.

5. Do I really require a broker while choosing a house?

Broker for house normally give you an idea of your dream property with all the required information for your convenient stay at the property that you are looking for. At Bhoomi solution, we have a team of professionals who will help you in a better way. 

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