FAQ
Am I Ready to Be a Homeowner?
If you’re financially stable, have a steady income, manageable debt, and savings for a down payment and emergency costs, you may be ready. Ask yourself if you’re ready for long-term commitment and responsibilities like maintenance, taxes, and home insurance.
Is Renting or Buying Better?
Renting offers flexibility, while buying builds equity. If you’re planning to stay in one place for 5+ years and want to invest in your future, buying a home—especially in growing markets like Cochin—could be the better long-term option
What Is the Lender’s Formula?
Lenders typically use a debt-to-income (DTI) ratio to determine how much you can borrow. Ideally, your housing expenses should not exceed 28–30% of your gross monthly income.
What Do I Look for in Homes?
Prioritize location, safety, amenities, resale potential, and your lifestyle needs. Consider proximity to schools, hospitals, transport, and whether the property suits your long-term goals.
Do I Need a Home Warranty?
A home warranty covers major repairs for appliances and systems after purchase. It’s optional but useful—especially for older homes or if you want peace of mind for unexpected costs.
What Should I Expect at Closing?
At closing, you’ll sign legal documents, pay final fees, and officially take ownership of the home. JJ Realtors ensures this process is smooth with legal support and complete documentation.
What Is Pre-approval?
Pre-approval is a lender’s written commitment stating how much you’re eligible to borrow. It shows sellers you’re serious and financially qualified, making your offer stronger.
Am I Ready to Rent?
You’re ready to rent if you have steady income, can manage monthly payments, and are not ready to commit to homeownership. Renting in Cochin’s prime locations is a smart choice for short- to mid-term living.
What Should I Offer?
Your offer should reflect the property’s market value, condition, and local demand. JJ Realtors helps you make a competitive yet fair offer backed by data and market insights.
Can I Ask You for Advice?
Absolutely! At JJ Realtors, we welcome all your questions. Whether you’re buying your first apartment, investing in a plantation, or exploring joint ventures, we’re here to help.