F.A.Q
Basic Questions
What’s a Mortgage?
Mortgages are a way for you to pay for a potential new home over time without paying the full price all at once. You will have a set amount of time to complete your payments before your home will be repossessed automatically.
What’s an Interest Rate?
When you mortgage property, your broker will work with you to set an interest rate. This rate is a percentage that will be added to your balance over time.
Can I negotiate?
Negotiations for Price, Interest Rates, Down Payments, and Duration of Mortgages are certainly possible, but our Agents and Brokers have a set range they are capable of working within.
If I pay off my mortgage early, do I still have to pay interest?
No. The sooner you pay off your morgage, the less interest you will accrue.
How can I pay my Mortgage?
You can pay the balance of your Mortgage by using the /managehomes command. Otherwise the payments will automatically come out of your account overtime.
Can I sell my property?
Yes! You can sell your property back to the city for 80% of the base price of your property’s value. You can also contact a Real Estate Agent or Broker to help you sell your property to someone else.
How many properties can I own?
You can have up to 10 properties!
How do I furnish my home?
When you’re inside your home, you can use /furnish to buy and place new furniture. To edit what you have, simply use /editfurniture
How do I view a property?
You’re able to view any unowned property in the city by using your 3rd Eye. You can also view any Shell and IPL through the catalog at the Real Estate Office.
What's the difference between a Shell and an IPL?
Shells are empty buildings that can be placed anywhere in the city. IPLs are fully furnished buildings tied to a set location, typically within a high rise.
Landlord / Business Owners
Can I be a landlord?
Yes. Absolutely! Once you purchase a property, you can use your property management commands to set that property for rent.