Frequently Asked
Questions
Finding out your budget
Live Home’s budget calculator considers your income, savings, and liabilities to estimate a comfortable spending limit for your new home.
We consider your monthly income, existing debts, savings, and your potential for down payment co-investment.
Absolutely! You can update your financial details at any time to reassess your budget.
Yes, it includes an average appreciation rate to give you a future-oriented financial perspective.
While we strive for accuracy, the calculator provides an estimate. We recommend consulting with our financial advisors for a detailed assessment.
Yes, our calculator allows you to adjust property types to see how each affects your budget.
Our estimates focus on purchase price and mortgage payments, but we advise considering additional costs for a complete budget.
We recommend recalculating your budget with updated income to ensure accurate estimates.
Annually, or whenever there’s a significant change in your financial situation.
Yes, we provide access to financial advisors to help you plan effectively.
Applying to Live Home
Eligibility is based on your income, credit score, savings, and current liabilities.
The initial assessment can be completed quickly, but full approval may take a few days, depending on document verification.
We consider applications on a case-by-case basis. A lower credit score doesn’t automatically disqualify you.
No, applying to Live Home is free of charge.
Yes, you can reapply after addressing the reasons for the initial decline, such as improving your credit score or savings.
Typically, income verification, bank statements, credit reports, and identification documents.
Yes, co-borrowing options are available and can be discussed during the application.
We use robust encryption and data protection measures to ensure your information is secure.
This depends on the property location and local regulations; we can advise on a case-by-case basis.
A standard application will not, but a full credit check (if conducted) may have a minimal impact.
Finding your new home
Yes, we offer a curated list of properties that fit within your budget and preferences.
Certainly, as long as it falls within the budget and meets our investment criteria.
We focus on residential properties, but there may be some limitations based on location and price.
Our property listings are updated regularly to reflect the latest market availability.
Absolutely, we encourage you to visit and assess any potential home before deciding.
While we don’t directly negotiate, we offer guidance on making competitive offers.
Yes, as long as they fall within our operating regions and meet our investment criteria.
We ensure property valuations are current and reflect the latest market conditions.
We primarily focus on residential properties and may exclude certain types of commercial real estate.
We have a network of trusted agents, but you’re free to work with an agent of your choice.
Living with Live Home
As a resident, you’re expected to handle regular upkeep, timely rent payments, and follow the Rent to Own agreement’s terms.
Your monthly rent is calculated based on the home’s value, with a portion set aside to contribute towards your future down payment.
You’re allowed to make minor modifications; however, any major renovations need Live Home’s prior approval.
Reach out to us at the earliest. We provide assistance and flexible solutions tailored to your situation.
Yes, but this is subject to the terms specified in your Rent to Own agreement and must adhere to local laws.
Yes, we ensure open lines of communication for any questions or assistance you may need.
Yes, we perform routine inspections to uphold maintenance standards and compliance with the Rent to Own agreement.
The possibility to refinance will depend on the specifics of your Rent to Own agreement and the policies of potential lenders.
No fixed limit exists as long as you comply with your Rent to Own agreement’s terms, aiming towards eventual homeownership.
Notify us immediately for any repairs; we will handle most repair responsibilities as part of our commitment to maintain the property’s condition.
Buying your home
Once you enter into the Rent to Own agreement, the purchase price is fixed, allowing you to plan for a future purchase without worrying about market fluctuations or inflation.
The purchase price is determined and locked in at the start of your Rent to Own agreement, taking into account potential market changes and inflation, to provide financial clarity and stability.
Yes, you can increase your equity in the property over time under the Rent to Own model, with the understanding that the total purchase price has been predetermined.
The purchase price agreed upon at the beginning of your Rent to Own agreement remains fixed, ensuring protection against market volatility.
The agreement will detail any fees associated with finalizing the purchase of your home, which are established at the start to avoid any surprises.
We offer support through every step of the purchasing process, from understanding your locked-in purchase price to finalizing the sale, ensuring a smooth transition to homeownership.
After purchasing the home and becoming its owner, you are free to sell the property at any time, with the price initially locked in protecting your investment from the start.
Yes, the agreement allows for flexibility to purchase the home earlier than planned, with the price having been fixed from the outset.
Locking in the purchase price at the start of your Rent to Own agreement provides financial predictability, regardless of how the market fluctuates in the future.
While the purchase price is fixed from the beginning, we can offer guidance and support in navigating the mortgage process, helping you secure the financing you need to complete the purchase.
Other FAQs
Live Home earns through the fixed rent in the Rent to Own agreements, which includes a portion that goes towards the eventual purchase of the property, as well as from the appreciation in property value over time.
LiveHome eliminates the need for upfront large down payments by purchasing properties outright and then providing them to clients on a Rent to Own basis, offering a path to homeownership with structured rent payments.
We structure our Rent to Own agreements to be compliant with Sharia principles, focusing on ethical and equitable financing solutions.
As LiveHome owns the properties offered in the Rent to Own model, clients have the security of knowing their path to homeownership is stable, with predetermined terms set from the beginning.
By investing in high-quality, sustainable properties and offering them through the Rent to Own model, Live Home supports community development and provides stable, long-term housing solutions.
Our properties are meticulously selected for their quality, location, and potential for appreciation, ensuring they meet the high standards our clients expect.
Our experienced legal team manages all aspects of property transactions, ensuring they are handled with fairness and in compliance with all regulatory standards.
While specific tax implications may vary by individual circumstances, the Rent to Own model can offer different financial considerations compared to traditional renting or buying. Consulting with a tax professional is recommended.
Live Home is committed to enriching the communities where it operates by investing in local development projects and implementing sustainable practices within its properties.
Clients enjoy the gradual accumulation of equity towards homeownership, the potential appreciation of their property over time, and the stability of fixed rent payments, contributing to long-term financial growth and security.
