Frequently Asked Questions

Absolutely Yes, a house can depreciate in value, the value of a house is determined by supply and demand force. As supply increases or demand decreases price can drop and vice versa. The value of a property increases or decreases based on market conditions. They also inflate or deflate based on the economic cycle but in general, property value can be expected to follow inflation rates.

Please note, a home can devalue very quickly if the neighbour or city that it is located in becomes less desirable than it used to be. So, never assume when buying a house that it will only appreciate.

Some people are immediately drawn to the charm and stability of an older house whilst others yearn for the blank canvas of a modern home. Then there are also some who have no idea where to start due to the endless number of choices available to them.

There are pros and cons for both house types so compare our compiled a list on our property listings which might be of help to you to decide exactly what you want.

To buy a property through Hamilton Realty Intl you need to follow the following steps:

• Check out our website
• Select the property that meets your criteria and drop an enquiry for the same.
• Go on a site visit of the selected property with our property experts.
  Close the deal-
• We walk with you all through the transaction process. Our partner lawyers will handle all legal paperwork If needed, and manage all documentation work with the builder and the bank.

In sellers’ markets, increasing demand for homes drives up prices. Here are some of the drivers of demand:

• Economic factors – the local labour market heats up, bringing an inflow of new residents and pushing up home prices before more inventory can be built.
• Interest rates trending downward – improves home affordability, creating more buyer interest, particularly for first time home buyers who can afford bigger homes as the cost of money goes lower.
• A short-term spike in interest rates – may compel “on the fence” buyers to make a purchase if they believe the upward trend will continue. Buyers want to make a move before their purchasing power (the amount they can borrow) gets eroded.
• Low inventory – fewer homes on the market because of a lack of new construction. Prices for existing homes may go up because there are fewer units available

A buyer’s market is characterized by declining home prices and reduced demand. Several factors may affect long-term and short-term buyer demand, like:

• Economic disruption – a big employer shuts down operations, laying off their workforce.
• Interest rates trending higher – the amount of money the people can borrow to buy a home is reduced because the cost of money is higher, thus reducing the total number of potential buyers in the market. Home prices drop to meet the level of demand and buyers find better deals.
• Short-term drop-in interest rates – can give borrowers a temporary edge with more purchasing power before home prices can react to the recent interest rate changes.
• High inventory – a new subdivision and can create downward pressure on prices of older homes nearby, particularly if they lack highly desirable features (modern appliances, etc.)
• Natural disasters – a recent earthquake or flooding can tank property values in the neighborhood where those disruptions occurred.