FAQ

Am I Ready to Be a Homeowner?

Becoming a homeowner is a big step, and it starts with financial readiness, job stability, and a clear understanding of your needs. Ask yourself:

  • Do I have a steady income and savings for a down payment?

  • Am I ready for long-term commitment and maintenance responsibilities?

  • Have I reviewed my credit score and eligibility for a home loan?

If the answer is yes to most of these, you’re likely ready to explore the property market!

Is Renting or Buying Better?

It depends on your lifestyle and goals.

  • Renting is ideal if you need flexibility or plan to move often.

  • Buying is a better long-term investment that builds equity and gives you ownership benefits.

We can help you assess your budget, future plans, and local market conditions to decide what works best for you.

What Is the Lender's Formula?

Lenders typically use a Debt-to-Income (DTI) ratio to decide how much you can afford to borrow. This formula considers your monthly income, existing debts, and credit score.
A lower DTI and a good credit score improve your chances of getting loan approval with better interest rates. We can help you understand and calculate this before you apply.

What Do I Look for in Homes?

Here are key things to consider while evaluating a home:

  •  Location (proximity to work, schools, hospitals)

  •  Property condition, age, and legal status

  •  Future resale or rental value

  •  Amenities and neighborhood

  • Connectivity and infrastructure growth in the area

Do I Need a Home Warranty?

While not mandatory, a home warranty is a valuable safety net. It covers repair or replacement costs for appliances, electricals, or plumbing for a certain period after purchase.
It’s especially useful for resale homes and provides peace of mind against unexpected repair costs.

What Should I Expect at Closing?

Closing is the final step in the home-buying process. It includes:

  • Verifying all legal documents and title deeds

  • Final payments, stamp duty, and registration

  • Handing over the keys and legal possession

Our team at Global Properties ensures a transparent and hassle-free closing experience, helping you understand every document you sign.

What Is Pre-approval?

Pre-approval is a process where a bank or lender evaluates your financials and confirms how much they’re willing to loan you.
Benefits include:

  • Knowing your budget clearly before house hunting

  • Gaining credibility with sellers

  • Speeding up the buying process

We can connect you with trusted loan consultants to get your pre-approval quickly.

Am I Ready to Rent?

Pre-approval is a process where a bank or lender evaluates your financials and confirms how much they’re willing to loan you.
Benefits include:

  • Knowing your budget clearly before house hunting

  • Gaining credibility with sellers

  • Speeding up the buying process

We can connect you with trusted loan consultants to get your pre-approval quickly.

What Should I Offer?

The right offer depends on:

  • Market conditions

  • Property valuation and locality rates

  • Property condition and age

  • Seller urgency or competition from other buyers

We’ll help you make a competitive and fair offer that balances your budget with smart negotiation.

Can I Ask You for Advice?

Absolutely! That’s what we’re here for.

At Global Properties, we provide transparent, experience-based advice — whether you’re buying, selling, investing, or just exploring your options. No pressure, no obligation — just professional guidance.

  • +1 910-626-85255

Let's Find You Together The Place You Deserve

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis.

Contact Us