
The Secret to Starting Part-Time Until You Can Become a Full-Time Real Estate Agent
If you’ve been wondering if you can start out as a real estate agent part-time until you can get enough business to go full time,
If you’ve ever heard real estate agents promoting the benefits of homeownership over renting, you may have thought they were doing it because they make bigger commissions when they sell a house.
To be fair, they do typically make more money when they help a client buy a house than they do helping one rent a place to live, so it’s understandable why people would think that.
However, that isn’t the underlying reason why they encourage people to buy a home. Agents believe so strongly in owning a home because it provides many benefits, such as:
That’s already a pretty long list of reasons to buy a house versus rent one, but according to this recent Fortune article, agents may also want to add another reason to the list…
U.K. and Australian researchers have been studying the effects renting has on peoples’ health and recently reported that they discovered it makes people biologically age faster than homeowners. In other words, a 35-year-old renter and a 35-year-old homeowner may be the same age, but the physical body of a renter is actually older than the homeowner’s.
To put it in perspective, they found that the stress of renting is two times worse on the health and well-being of people than the effects of being unemployed, and the health effects are 50% worse than the effects on former smokers than non-smokers in terms of aging.
This is so interesting considering many renters claim that they’d rather rent than buy because they don’t want the stresses that come along with buying a home, such as the costs and ongoing maintenance. While owning a home can be more costly than renting, and you certainly have more responsibilities than a renter does in terms of upkeep, but if it means you live a longer life, perhaps it’s worth the extra cost and effort.
Fortunately, the researchers added some words of encouragement for renters: biological aging is reversible. How much time it takes, and to what degree the effects can be reversed, will likely depend upon the individual and their previous experiences. But the aging process can be reversed if a person can leave the stresses of renting in the past.
So if you’re currently renting, consider reaching out to a real estate agent who can help you make the transition from renting to owning. Your agent can connect you to lenders who can pre-approve you for a mortgage so you can determine how much you can afford to spend. Once you know your budget, your agent can help you try to find a home that you’ll be able to afford, and hopefully add some happy, healthy years to your life!
The Takeaway:
If you’ve been renting a home because you think it’s less stressful than owning one, you might want to reconsider. Recent research revealed that renting is making people biologically age faster than those who own a home, and the effects it has on people are more damaging than being unemployed or smoking.
The good news is that biological aging is reversible, so you may be able to improve your health and lifespan by buying a home even if you’ve been renting for some time.
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