Frequently Asked Questions
Question about Square29
Yes. While property values generally increase over time, a home’s value can decrease due to factors such as market conditions, location changes, poor maintenance, or economic downturns.
An older home can be an excellent value if it is well maintained. Older homes often have larger plots, established neighborhoods, and unique character, while newer homes offer modern designs and energy-efficient features.
A broker is a licensed real estate professional who represents buyers or sellers in property transactions. Brokers help with pricing, marketing, negotiations, paperwork, and legal processes.
Yes. Many homeowners choose to pay property taxes and insurance directly rather than through an escrow account. However, some lenders may require escrow payments as part of the loan agreement.
The loan process typically takes 30 to 45 days, depending on documentation, lender efficiency, and property verification. Delays may occur if additional approvals or documents are required.
Question about renting
Yes. Rental property values can also fluctuate based on market demand, location, maintenance, and economic conditions. However, rental income can still provide steady returns even if market values change.
Older rental homes may offer lower rent and more space, while newer properties often provide modern amenities and better energy efficiency. The value depends on maintenance, location, and tenant needs.
A broker assists tenants and landlords in finding rental properties, negotiating lease terms, and completing documentation. They simplify the renting process and ensure legal compliance.
For rental properties, landlords usually handle property taxes and insurance. Tenants may need to pay for utilities and, in some cases, renter’s insurance.