Frequently Asked Questions

Yes, the value of a property can decrease under certain circumstances, such as changes in the real estate market, economic conditions, or changes in the surrounding area of the property.

Yes, old properties can equal in value to new ones if they are located in prime locations or have been well-maintained and renovated, which increases their market value.

A real estate agent is a professional who facilitates the process of buying and selling properties. They negotiate and complete deals between sellers and buyers and provide consultations related to the real estate market.

Yes, property owners typically can pay wages and real estate taxes independently. However, it’s advisable to consult professionals to understand the details and ensure accuracy in calculations and deadlines.

The duration of completing the procedures for buying or selling a property varies based on several factors, such as the speed of obtaining legal approvals, the responsiveness of the concerned parties, and the efficiency of real estate agents. Generally, this process can take from a few weeks to several months. This duration can be influenced by the current state of the real estate market, the complexities of the property itself, and the associated banking and legal procedures.