Frequently Asked Questions
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
When thinking about what type of home if right for you, it is important to note that older homes typically sell for significantly less than a newer home would because new construction comes at a 10-20% premium over older homes due to construction & engineering updates like traditional construction, wall sharing , mivan etc.
A broker is an independent person or a company that organises and executes financial transactions on behalf of another party. They can do this across a number of different asset classes, real estate, insurance stocks and forex. A broker will normally charge commission for the order to be executed.
Yes, you can Pay your own Property Taxes like house tax, stamp duty, Transfer fee TDS and insurance etc
Generally, it takes about 2 to 4 weeks for your home loan to be sanctioned & disbursed.
- Please expect
a delay in your home loan process as in many cases, your home loan may be
placed on hold for many reasons.
- The most
popular reason for delay in your home loan process is lack of documents or
missing information without which the bank cannot proceed.
- To avoid any
glitches, please keep all your documents ready and submit it to the bank
promptly.
- Talk to home
loan expert from the same financial institution to know how the lender
functions and how you can expertise the process.
- Please check
the credentials of the property you are willing to buy. Banks may reject
your home loan application if the property you wish to buy does not have a
clear title or if the builder does not have the required approvals to
build/sell the house.
- If you are
self-employed, please remember that IT returns is mandatory without which
your home loan application may be rejected.
Stamp duty is the term used for the tax paid to the government for the legal verification of the property.
It depends on the person, how many properties he wishes to own w.r.t. his finances he can manage. He can hold multiple property-assets, there’s no limit for that