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Please browse through our Frequently Asked Questions (FAQ’S) to learn more about buying, selling, and renting properties.

Question about Property Sales

Older homes verses Newer homes

A property purchase is one of the biggest decisions that a person makes. It can involve a lot of time, effort and expense in finding the ‘ideal’ property. One of the big decisions is whether to go for an ‘old’ type of house or a ‘new’ style house.

Older style houses will generally be more spacious, with higher ceilings, as well as a lot of have more elegant finishing touches. They are much more difficult to customise to your exact taste and may cost a lot more on maintenance depending on what needs doing.

A new house is much more customisable, as you can specify potentially all of the following: your own colour schemes, flooring, kitchen cabinets, appliances, custom wiring for TV”s, electrical, computers, phones and speakers, etc., as well as have more upgrade options. As well as having specific building materials such as Energy Saving Star windows, thicker insulation and other technology features that will lower future energy costs.

 

As with all house purchase the following things need to be considered:

  • Location (near school, shops…etc)
  • Area
  • Price
  • Transportation

Can a home depreciate in value?

Generally, real property never depreciates in value, or more so, it is not very common for property to depreciate.  This is why it’s a great investment. Make sure you carefully consider location and community when choosing a home, it can effect the homes future value greatly.

If you are in a newly developed area, do some research on the construction of the surrounding areas being developed to determine if they may effect your homes value.

What is a Agent / Landlord?

An agent / landlord is the person who will display properties / services on this website. They will all have a profile which all prospective viewers will need to look at to ensure they offer services that the viewer will require.

What is the property title insurance?

Property Title Insurance is insurance that protects the lender and buyer against any losses incurred from disputes over the title / ownership of a property.

Pre-qualified and Pre-approved for a loan?

Pre-qualified means that you potentially could get a loan for the amount stated to you when you are looking at getting a property once you are undergoing check.

Pre-approved means that the lender is willing to give you a loan as you have passed through all their checks.

How is interest calculated on a mortgage?

Most mortgage lending institutions calculate interest in arrears; but you do need to ask your mortgage lender.

How long does the mortgage loan process take?

Most mortgage lending institutions can process a mortgage application within one Month; some will give you an answer within 48 hours. But do not commit to anything until you have the formal offer.

Credit score and credit rating?

Every person has a credit rating / credit score. The higher the rating / score the better the chances of you securing a mortgage loan.

Question about Property Renting

How long does the property loan process take?

Most Agents / Landlords can process the application with 2 weeks. They need this time period to carry out credit / security checks on the tenant as well as perform checks on the property to ensure it is safe to rent.

What type of house should I rent?

This is really just a matter of preference, but things to consider are:

  • What type of property do you really want
  • Is it suitable for your current and future needs
  • Property responsibilities
  • Insurance responsibilities
  • Location
  • Lease and length of lease
  • Are there schools in the vicinity
  • Are there shops in the vicinity
  • Parks and leisure facilities
  • Public transport routes
  • Council tax banding
  • Is area known for crime

 

Never be pushed into a tenancy agreement. You are the client and it is your decision that is the most important thing.

What is a Agent / Landlord?

An agent / landlord is the person who will display properties / services on this website. They will all have a profile which all prospective viewers will need to look at to ensure they offer services that the viewer will require.

Credit score and credit rating?

Every person has a credit rating / credit score. The higher the rating / score the better the chances of you securing a mortgage loan.