Reach out to me today!
Pros and Cons of Renting
✅ Pros:
- Lower Upfront Costs – No large down payment, just a security deposit and rent.
- Flexibility – Easier to move without the commitment of homeownership.
- Less Responsibility – Landlords handle maintenance and repairs.
- Access to Amenities – Many rentals include perks like pools, gyms, and security.
- No Market Risk – You’re not affected by property value fluctuations.
❌ Cons:
- No Equity Building – Rent payments don’t contribute to ownership or wealth.
- Rent Increases – Monthly costs can rise over time, often beyond your control.
- Limited Personalization – Restrictions on renovations, painting, or upgrades.
- Less Stability – Leases end, and landlords may decide to sell or not renew.
- No Tax Benefits – Unlike homeowners, renters don’t get mortgage interest deductions.
Common Home Buying Myths – Debunked!
🚫 "I need a 20% down payment."
✅ Truth: Many loan programs require as little as 0-5% down, and Down Payment Assistance or Grants may be available to help qualified buyers.
🚫 "My credit isn’t perfect, so I can’t buy a home."
✅ Truth: While good credit helps, many loan options exist for buyers with less-than-perfect credit. Lenders consider factors like income, debt, and payment history.
🚫 "I have too much debt to qualify."
✅ Truth: Lenders evaluate debt-to-income (DTI) ratio, not just total debt. Student loans, car payments, and credit cards don’t automatically disqualify you.
🚫 "Renting is always cheaper than buying."
✅ Truth: In many cases, a mortgage payment is similar to or lower than rent—plus, you’re building equity instead of paying your landlord’s mortgage.
🚫 "I should wait for the market to crash."
✅ Truth: Timing the market is risky. Home prices and interest rates fluctuate, but owning real estate builds long-term wealth regardless of short-term shifts
Ready to discuss renting vs. buying?
Christopher Porter
Real Estate Broker
ABR,AHWD,ePRO,NAR,PSA
CENTURY 21 Scheetz
FAQ: Renting with Christopher Porter, REALTOR®
What rental properties do you have access to?
I can assist with rental properties listed in the BLC® (Broker Listing Cooperative®), which is the listing service used by MIBOR. These typically include homes, condos, duplexes, and townhomes represented by other licensed agents. I do not assist with apartment complexes or properties that are not listed with an agent.
Is there a fee for your services?
Yes. Beginning April 10, 2025, my minimum service fee is $500, though it may be higher depending on your specific needs and the level of service required. I’ll always discuss the fee with you up front before we begin working together.
Why is there a fee to work with a REALTOR® when renting?
My fee covers the time, expertise, and guidance I provide throughout your rental search—from finding suitable properties and coordinating showings to reviewing lease terms and helping with applications. Whenever possible, I will attempt to negotiate with the landlord to cover part or all of the fee on your behalf.
Do I need to sign anything to work with you?
Yes. You’ll sign a Tenant Exclusive Agency Agreement, which outlines our agency relationship, my fiduciary duties to you as the tenant, and the compensation structure. This ensures that I can represent your best interests throughout the rental process.
Can you help if I have credit challenges or unique application needs?
I can help you understand what landlords typically look for and how to present a complete, competitive application. While I can’t change your credit history, I can help position your application in the best possible light.
Do you assist with short-term or furnished rentals?
Possibly. If those rentals are listed in the BLC® by another agent, I can help. Just let me know what you’re looking for, and I’ll let you know if I’m the right fit—or I’ll connect you with someone who is.
