FAQs
Read most frequent questions
General FAQs
What the first step of the home buying process?
The first step in the home buying process is getting pre-approved for a mortgage. This involves meeting with a lender who will assess your financial situation, including your income, credit history, and existing debts. Based on this evaluation, the lender provides a pre-approval letter that states how much you’re eligible to borrow.
How long does it take to buy a home?
The home buying process typically takes 30 to 60 days from start to finish, depending on factors like financing, property availability, and market conditions. This includes searching for a home, making an offer, completing inspections, securing a mortgage, and closing the deal.
What is a seller’s market?
A seller’s market occurs when the demand for homes is higher than the available supply, giving sellers an advantage in negotiations. In this situation, homes often sell quickly and may receive multiple offers, sometimes above the asking price.
What kind of credit score do I need to buy a home?
Most lenders look for a credit score of at least 620 to qualify for a conventional home loan. However, some government-backed loans, like FHA loans, may allow scores as low as 580 with a higher down payment.
How much do I need for a down payment?
The amount needed for a down payment typically ranges from 3% to 20% of the home’s purchase price, depending on the loan type and your financial situation. Some conventional loans allow low down payments, while government-backed loans like FHA or VA may offer even more flexible options.
What is earnest money?
Earnest money is a deposit made by the buyer to show serious intent to purchase a home. It’s typically 1% to 3% of the purchase price and is submitted when the offer is accepted.
NRI FAQs
Can I buy property in India as an NRI?
Yes. Under FEMA rules, NRIs can legally purchase residential or commercial properties in India (except agricultural land).
Do I need to be physically present for the process?
Not at all. You can authorize a local representative via Power of Attorney (POA) and we handle the rest.
Which documents are required for an NRI to buy property?
You’ll need a valid passport, OCI/PIO card, PAN card, and proof of overseas address. Needs to be verified
Can I get a home loan in India as an NRI?
Yes, many Indian banks offer NRI-specific home loans. We assist in identifying the right bank and handling paperwork.
How can I monitor the construction or property progress from
We provide regular updates via video, photos, email, and even live walkthroughs. You’ll always be in control.
Can you help with property resale or rental management?
Absolutely. We provide resale assistance, tenant search, leasing agreements, and end-to-end management.
