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Frequently Asked Questions

How long will it take to buy a home?

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The home buying process can take anywhere from a few weeks to several months. The average time is around 30-45 days, but it can be shorter or longer based on various factors such as market conditions, negotitions, and finalizing financing options.

How much do I need for a down payment?

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A 20% down payment is widely considered the ideal down payment amount for most loan types and lenders. If you're able to put 20% down on your home, you'll reap a few key benefits

Should I sell my current home before buying a new one?

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Selling first is advantageous if you need to use your current home equity to purchase your new home. However, selling first often necessitates temporary housing while you look for your new home.

What is the difference between Carpet Area, Built-Up Area, and Super Built-Up Area?

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Carpet area refers to the actual usable floor space within the walls of a building or a specific area of a property. It represents the total area where you can place a carpet or cover with flooring material Built-up area refers to the total floor area of a building, including all the spaces and structures within the walls. It encompasses the carpet area as well as the thickness of walls, balconies, utility spaces like bathrooms and kitchens, and any other areas that are part of the enclosed structure. Super built-up area refers to the total area that encompasses the built-up area of an individual housing unit or apartment along with a proportionate share of common areas in a multi-unit building or housing complex. It includes not only the actual floor space within the walls of a specific apartment or unit but also a portion of the shared common spaces such as hallways, staircases, elevators, lobby, parking areas.