Frequently Asked Questions

Yes, a home can depreciate in value due to several factors such as market conditions, location changes, poor property maintenance, or economic downturns. However, in growing areas like many parts of Kuwait, real estate often appreciates over time when properly maintained and strategically located.

It depends on the condition, location, and maintenance of the property. Older homes may offer more space and character at a lower price, while new homes provide modern features, energy efficiency, and fewer immediate repairs. A well-maintained older home can be just as valuable as a new one.

A broker is a licensed real estate professional who acts as an intermediary between buyers and sellers or landlords and tenants. Brokers help negotiate deals, manage paperwork, and ensure all legal and financial aspects of a property transaction are handled smoothly. They often supervise agents and offer expert market advice.

Yes, you can pay your own property taxes and insurance if your mortgage agreement allows it. However, many lenders require setting up an escrow account to ensure these payments are made on time. If you own the property outright, you’re fully responsible for paying them directly.

The loan process typically takes 30 to 45 days, depending on the lender, your financial documents, and property conditions. Delays can occur due to appraisal issues, missing paperwork, or verification steps. Working with an experienced agent or broker can help speed up the process.