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.
Pre-construction property refers to a real estate project that is planned or under development. Buyers purchase these properties before or during the construction phase, often based on floor plans, renderings and model units provided by the developer
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.