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Frequently Asked Questions

An investment is a house. When paying rent, once a check is written, the money is lost permanently. However, if you own your house, you can normally deduct the cost of your mortgage loan interest from your taxable income when filing your income taxes. This will result in significant annual savings for you because the interest you pay will account for the majority of your monthly payment over the majority of the mortgage’s term. Additionally, over time, your home’s worth can increase. Finally, you’ll appreciate owning something uniquely yours, a house where your sense of style reflects who you are to the outside world.

The majority of the time, you can itemise your deductions and subtract mortgage interest and property tax from your taxable income to reduce your overall tax burden. Due to this, buying a home may be less expensive after taxes than renting. However, if you later sell the house for a profit, there can be tax repercussions. Please speak with your tax advisor about the deductibility of interest.

Before you look for a home, it’s crucial to get pre-qualified for a mortgage. It informs you of how much house you can afford and, as a result, of the price ranges in which you ought to shop. Additionally, submitting a pre-qualification letter with your offer when you find the house you want to buy strengthens it and appeals to the seller. Please get in touch with me if you’d like some names of trustworthy lenders in your area.

A real estate broker can be quite helpful. It might be overwhelming to think about all the aspects involved in purchasing a home, especially the financial ones. A competent real estate agent can help you at every step of the way and make the process much simpler. He or she will assist you in determining your price range and search the multiple listing systems for properties you want to visit. The broker can save you hours of wasted driving around time because they have direct access to properties as soon as they go on the market. The broker can offer advice on how to structure your agreement to generate savings when it comes time to make an offer on a home. He or she can walk you through the paperwork, explain the benefits and drawbacks of various mortgage products, and be there to hold your hand when you sign the last few documents at closing.

Once more, your real estate broker can assist you in this. However, there are a few factors you should take into account:

1) Is the asking price reasonable given the costs of nearby properties that are comparable? 

2) Is the house in good shape or will you need to invest a lot of money to make it what you want? Before making an offer, you should get a professional house inspection. You can organise one with the aid of your real estate broker.

3) For how long has the house been listed for sale? The seller might be more willing to accept a lower offer if the property has been up for sale for some time.

4) What kind of mortgage will be needed? Make sure that whatever offer you make, you can actually afford it. 

5) How badly do you want the house? Your chances of getting your offer accepted increase as you get closer to the asking amount. If you are aware that you are in a bidding war for the house, you might even want to offer more than the asking price in some circumstances.

They usually are! However, don’t let it deter you. You now start to bargain. You’ll get aid from your broker.

You might need to increase your offer, but you can also request that the seller pay some or all of your closing fees or undertake repairs that aren’t often expected.

Before a contract is reached, price discussions can include numerous rounds of back and forth.

Just keep in mind: don’t let discussions distract you from what you actually want and can afford.

Please keep in mind that in the real estate sector, “quick” is a relative phrase. You might, for instance, get a wonderful price on the first day. If you agree to it, the remaining time before the agreement closes could be between 30 and 45 days.

There are some things a seller can do to sell their home “faster” to help streamline the process to that best offer, including hiring an agent, listing the property on listing portals, pricing the home accurately, boosting the curb appeal, getting a storage unit for clutter, painting the interior, staging the home like a pro, taking excellent photos, and removing pets and their odours.

Making your mortgage payments each month is one of several strategies to increase the value of your house.

Making minor improvements to the bathroom and kitchen, such as replacing knobs and fixtures, installing low-flow toilets, and painting or staining cabinets, are some of the most well-liked changes to make.

Contact Details


3rd Floor, Office 304, The Summit, Village Singhpura, Tehsil Derabassi, SAS Nagar, Punjab, 140603

Contact No.

+91 87679-00090



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