Yes, various factors can lead to a home’s depreciation, such as economic downturns, structural issues, changes in the neighborhood, or lack of maintenance. However, with proper care and strategic improvements, it’s possible to mitigate depreciation.

The value of an older home depends on various factors like location, maintenance, and renovations. While new homes offer modern amenities and energy efficiency, older homes can hold unique charm and character. Assessing individual preferences and investment potential helps determine the right value for each buyer.

A broker is a licensed real estate professional who has completed additional education beyond an agent’s requirements. Brokers can own their own agencies, supervise agents, and handle more complex transactions, offering a higher level of expertise and legal responsibility.

Yes, you can pay your property taxes and insurance directly. However, in many cases, lenders prefer to include these costs in your mortgage payment through an escrow account to ensure they are paid on time.

The loan process duration varies based on several factors, including the type of loan, financial circumstances, and lender processes. On average, it can take between 30 to 45 days from application to closing. However, some loans, like pre-approved loans, may expedite the process. Working closely with your lender can help streamline this timeline.