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FAQ's
Digitech Properties FAQ's
Buying Property FAQs
What are the basic steps to buying a property?
Research the market → Get financing/pre-approval → Hire a real estate agent → Make an offer → Inspection → Close the deal.
Can foreigners buy property in another country?
Yes, but it depends on local laws. Some countries have restrictions or require special permits.
What is the difference between freehold and leasehold property?
Freehold means you own the property and land. Leasehold means you lease the land for a fixed period (e.g., 99 years).
What costs are involved in buying a property besides the purchase price?
Closing costs, legal fees, taxes, agency fees, home inspection, and sometimes renovation costs.
Should I buy property in cash or get a mortgage?
It depends on your financial goals. Cash avoids interest, but mortgages offer leverage and liquidity.
Selling Property FAQs
How do I determine the right price for my property?
Through market comparison, professional appraisals, or a real estate agent’s guidance.
How long does it usually take to sell a property?
Varies by market. Hot markets can take days; others may take months.
Do I need a real estate agent to sell my property?
No, but an agent can help you price, market, negotiate, and handle paperwork professionally.
What documents are required to sell a property?
Title deed, ID, sales agreement, property tax records, and compliance certificates (varies by country).
Should I renovate my home before selling?
Small updates (paint, fixtures) can help, but large renovations should be evaluated for return on investment.
Renting Property FAQs
What’s the difference between a short-term and long-term rental?
Short-term is usually under 6 months (often furnished), while long-term is typically 1+ year leases.
Who pays for maintenance in a rental property?
Landlords usually handle major repairs; tenants may handle minor maintenance, depending on lease agreement.
What should I check before signing a lease agreement?
Rent amount, duration, deposit terms, maintenance responsibilities, and exit clauses.
How is the rental price determined?
It depends on location, property size, condition, demand, and market trends.
Is it better to rent furnished or unfurnished?
Depends on lifestyle. Expats and short-term renters prefer furnished; long-term tenants often prefer unfurnished.
Investing in Real Estate FAQs
Is real estate a good investment globally?
Yes, if chosen wisely. Real estate offers rental income, appreciation, and diversification.
What types of real estate investments exist?
Residential, commercial, vacation rentals, REITs (Real Estate Investment Trusts), land, and development projects.
How do I find the best place to invest in property?
Analyze local market trends, job growth, infrastructure development, and rental yields.
What are the risks involved in real estate investment?
Market crashes, currency fluctuations (if international), vacancies, regulatory changes, and maintenance costs.
Can I invest in international real estate remotely?
Yes, many investors use real estate agencies, property managers, and legal teams to invest abroad without being physically present.
