Buying offers long-term benefits like appreciation, tax deductions, and rental income, but comes with responsibilities. Renting provides flexibility and fewer obligations, but lacks tax perks, equity, and control over the property.
The standard commission in sales is 6%, paid by the seller and split between both agents. For rentals, it’s 10% of the annual contract. Buyers do not pay commission. Selling without an agent can result in 13% less profit for the owner.