Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

9 Buyer Traps & How to Avoid Them

No matter which way you look at it, buying a home is a major investment. But for many home buyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

* paying too much for the home they want, or
* losing their dream home to another buyer or,
* (worse) buying the wrong home for their needs.

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important article discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The 9 Buyer Traps

Bidding Blind

What price should you offer when you bid on a home? Is the seller’s asking price too high, or does it represent a great deal? If you fail to research the market in order to understand what comparable homes are selling for, making your offer would be like bdding blind. Without this knowledge of market value, you could easily bid too much, or fail to make a competitive offer at all on an excellent value.

Buying the Wrong Home.

What are you looking for in a home? A simple enough question, but the answer can be quite complex. More than one buyer has been swept up in the emotion and excitement of the buying process only to find themselves the owner of a home that is either too big or too small. Maybe they’re stuck with a longer than desired commute to work, or a dozen more fix-ups than they really want to deal with now that the excitement has died down. Take the time upfront to clearly define your wants and needs. Put it in writing and then use it as a yard stick with which to measure every home you look at.

Unclear Title.

Make sure very early on in the negotiation that you will own your new home free and clear by having a title search completed. The last thing you want to discover when you’re in the back stretch of a transaction is that there are encumbrances on the property such as tax liens, undisclosed owners, easements, leases or the like.

Inaccurate Survey.

As part of your offer to purchase, make sure you request an updated property survey which clearly marks your boundaries. If the survey is not current, you may find that there are structural changes that are not shown (e.g. additions to the house, a new swimming pool, a neighbor’s new fence which is extending a boundary line, etc.). Be very clear on these issues.

Undisclosed Fix-ups.

Don’t expect every seller to own up to every physical detail that will need to be attended to. Both you and the seller are out to maximize your investment. Ensure that you conduct a thorough inspection of the home early in the process. Consider hiring an independent inspector to objectively view the home inside and out, and make the final contract contingent upon this inspector’s report. This inspector should be able to give you a report of any item that needs to be fixed with associated, approximate cost.

Not Getting Mortgage Preapproval.

Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses.

If a seller fails to comply to the letter of the contract by neglecting to attend to some repair issues, or changing the spirit of the agreement in some way, this could delay the final closing and settlement. Agree ahead of time on a dollar amount for an escrow fund to cover items that the seller fails to follow through on. Prepare a list of agreed issues, walk through them, and check them off one by one.

Hidden Costs.

Make sure you identify and uncover all costs – large and small – far enough ahead of time. When a transaction closes, you will sometimes find fees for this or that sneaking through after the “sub”-total – fees such as loan disbursement charges, underwriting fees etc. Understand these in advance by having your lender project total charges for you in writing.

Rushing the Closing.

Take your time during this critical part of the process, and insist on seeing all paperwork the day before you sign. Make sure this documentation perfectly reflects your understanding of the transaction, and that nothing has been added or subtracted. Is the interest rate right? Is everything covered? If you rush this process on the day of closing, you may run into a last minute snag that you can’t fix without compromising the terms of the deal, the financing, or even the sale itself.

One More Tip…

Find out if your agent offers a Buyer Profile System or “House-hunting Service,” which takes the guesswork out of finding just the right home that matches your needs. This type of program will crossmatch your criteria with ALL available homes on the market and supply you with printed information on an on-going basis. A program like this can help you to affordably move into
the home of your dreams.

Property Type

City

Price

Bedrooms

Bathrooms

Sort Option

Listing ID
Total Finished Area
Price
Add date
Listing Status

Grid

List

Map

RSS

Save Search

Residential For Sale

11 Merion Court, Hammonds Plains Ns B4b 2r1

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

40Picture(s)

2,695Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$799900

Residential For Sale

11 Merion Court, Hammonds Plains Ns B4b 2r1

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,695Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to The Knolls of Glen Arbour! This stunning 2 storey new construction home is MOVE-IN READY! This home features 4 bedrooms, 3.5 bathrooms and 2695 sq. ft. of living space.

C$799900

Residential For Sale

11 Merion Court, Hammonds Plains Ns B4b 2r1

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

4Bathroom(s)

C$799900

Residential For Sale

750 Highway 210, Waterloo Ns B4v 8j5

More Details

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

47Picture(s)

1,815Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$485000

Residential For Sale

750 Highway 210, Waterloo Ns B4v 8j5

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

1,815Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Resting on over 5 acres, this beautifully renovated 3-bedroom, 3-bath home perfectly blends modern luxury with charming historical character. The heart of the home is the spacious open-concept kitchen and dining area, featuring sleek cabinetry, stainless steel appliances, and patio doors that make indoor-outdoor dining a breeze.

C$485000

Residential For Sale

750 Highway 210, Waterloo Ns B4v 8j5

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

3Bathroom(s)

C$485000

Residential For Sale

8 Foleaze Park Drive, Brow Of The Mountain Ns B0p 1j0

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

39Picture(s)

2,343Sqft

Listing courtesy of MacKay Real Estate Ltd.

C$799000

Residential For Sale

8 Foleaze Park Drive, Brow Of The Mountain Ns B0p 1j0

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,343Sqft

Listing courtesy of MacKay Real Estate Ltd.

This spectacular 4 bedroom, 2.5 bath home is nestled on 3.3 acres of south facing land on the bluff above Centreville. Experience panoramic valley views and tranquil outdoor spaces, including the wrap around balcony that feels like you are sitting in the trees. Southern exposure gives passive solar through the ample south facing windows.

C$799000

Residential For Sale

8 Foleaze Park Drive, Brow Of The Mountain Ns B0p 1j0

Listing courtesy of MacKay Real Estate Ltd.

4Bedroom(s)

3Bathroom(s)

C$799000

Residential For Sale

306-72 Seapoint Road, Dartmouth Ns B3b 0k8

More Details

1Bedroom(s)

1Bathroom(s)

AttachedParking(s)

43Picture(s)

810Sqft

Listing courtesy of Sutton Group Professional Realty

C$490000

Residential For Sale

306-72 Seapoint Road, Dartmouth Ns B3b 0k8

1Bedroom(s)

1Bathroom(s)

AttachedParking(s)

810Sqft

Listing courtesy of Sutton Group Professional Realty

Introducing unit 306 at Seapoint Condominiums, a stunning one-bedroom, one-bathroom residence in the waterfront community of Harbour Isle. Perfectly situated next to the Dartmouth Yacht Club, this is a dream location for sailing enthusiasts and those who love coastal living.

C$490000

Residential For Sale

306-72 Seapoint Road, Dartmouth Ns B3b 0k8

Listing courtesy of Sutton Group Professional Realty

1Bedroom(s)

1Bathroom(s)

C$490000

Residential For Sale

951 Lindola Place, Halifax Ns B3h 4m1

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

30Picture(s)

2,250Sqft

Listing courtesy of Sutton Group Professional Realty

C$949000

Residential For Sale

951 Lindola Place, Halifax Ns B3h 4m1

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,250Sqft

Listing courtesy of Sutton Group Professional Realty

Prominent Halifax South end location situated in the exclusive enclave of Lindola Place, (named after Linda Oland) with honorable local history. The Oland's built their Chauffeurs residence here in the early 1930s with the same architectural style as their Young Avenue Oland House.

C$949000

Residential For Sale

951 Lindola Place, Halifax Ns B3h 4m1

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

3Bathroom(s)

C$949000

Residential For Sale

7133 Murdoch Avenue, Halifax Ns B3l 2g9

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

2,847Sqft

Listing courtesy of Royal LePage Atlantic

C$769900

Residential For Sale

7133 Murdoch Avenue, Halifax Ns B3l 2g9

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,847Sqft

Listing courtesy of Royal LePage Atlantic

This beautifully updated 4 bedroom bungalow is nestled in a quiet, family-friendly West End neighbourhood with easy access to downtown, highways and all amenities. The living room is bright and inviting featuring vaulted ceilings, a propane fireplace and patio doors leading to a large private deck.

C$769900

Residential For Sale

7133 Murdoch Avenue, Halifax Ns B3l 2g9

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

2Bathroom(s)

C$769900

Residential For Sale

2328 Black River Road, Lumsden Dam Ns B4p 2r1

More Details

3Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

50Picture(s)

2,360Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

C$850000

Residential For Sale

2328 Black River Road, Lumsden Dam Ns B4p 2r1

3Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

2,360Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

Perfect blend of privacy & comfort, nestled across from the serene Lumsden Dam, this 2360 sq ft custom built home offers a peaceful retreat on 6.61 acres surrounded by wooded privacy. Built in 2009, this meticulously designed home boasts a thoughtfully laid-out open-concept living space, features a stunning floor-to-ceiling fireplace with a Napoleon wood stove.

C$850000

Residential For Sale

2328 Black River Road, Lumsden Dam Ns B4p 2r1

Listing courtesy of Keller Williams Select Realty (Kentville)

3Bedroom(s)

1Bathroom(s)

C$850000

Residential For Sale

16 Queen Street, Scotchtown Ns B1h 1e8

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

18Picture(s)

712Sqft

Listing courtesy of Century 21 Optimum Realty

C$109900

Residential For Sale

16 Queen Street, Scotchtown Ns B1h 1e8

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

712Sqft

Listing courtesy of Century 21 Optimum Realty

Discover this delightful home offering effortless single-level living with two cozy bedrooms and a sun-drenched porch perfect for morning coffee or evening relaxation. The 8,000 sq ft cleared lot provides possibilities for your outdoor garden dreams. Recent updates include flooring, paint inside/out, bathroom sink, heat pumps, new wiring and new windows.

C$109900

Residential For Sale

16 Queen Street, Scotchtown Ns B1h 1e8

Listing courtesy of Century 21 Optimum Realty

2Bedroom(s)

1Bathroom(s)

C$109900

Residential For Sale

3634 Barrington Street, Halifax Ns B3k 2y2

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

27Picture(s)

1,736Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$590000

Residential For Sale

3634 Barrington Street, Halifax Ns B3k 2y2

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,736Sqft

Listing courtesy of EXP Realty of Canada Inc.

Charming Home with Income in Halifax's North End! Welcome to 3634 Barrington Street, a well-maintained home that blends character, comfort, and practical updates. Nestled in the vibrant North End of Halifax, this inviting property offers three bedrooms, 2.

C$590000

Residential For Sale

3634 Barrington Street, Halifax Ns B3k 2y2

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

3Bathroom(s)

C$590000

Residential For Sale

3 Park Place, Tidnish Bridge Ns B4h 3x9

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

43Picture(s)

1,920Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$349900

Residential For Sale

3 Park Place, Tidnish Bridge Ns B4h 3x9

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,920Sqft

Listing courtesy of Coldwell Banker Performance Realty

Wonderful furnished! cottage or year round home in sought after Tidnish Bridge. This home has had many renovations including a 28k deck with glass railings, screw pile foundation as well as a newer garage/shed with roll up door. Inside 2 renovated bathrooms along with some fresh paint add to the value here. This home has 3 spacious bedrooms, some with nice views of the river.

C$349900

Residential For Sale

3 Park Place, Tidnish Bridge Ns B4h 3x9

Listing courtesy of Coldwell Banker Performance Realty

3Bedroom(s)

2Bathroom(s)

C$349900

Residential For Sale

29 Edward Street, Plymouth Ns B0k 1s0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

32Picture(s)

1,441Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$249000

Residential For Sale

29 Edward Street, Plymouth Ns B0k 1s0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,441Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Welcome to this charming 1.5-story home, offering comfort, space, and an ideal location just 5 minutes from Stellarton and 10 minutes to New Glasgow. Nestled on a generous 20,000 square foot lot, this updated property features three spacious bedrooms, two full baths, and a close all amenities.

C$249000

Residential For Sale

29 Edward Street, Plymouth Ns B0k 1s0

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

2Bathroom(s)

C$249000

Residential For Sale

2961 Main Street, Lower Clarks Harbour Ns B0w 1p0

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

26Picture(s)

569Sqft

Listing courtesy of Keller Williams Select Realty

C$105000

Residential For Sale

2961 Main Street, Lower Clarks Harbour Ns B0w 1p0

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

569Sqft

Listing courtesy of Keller Williams Select Realty

Affordable 3-Bedroom Home with Ocean Views Located in the charming coastal town of Clark’s Harbour, this affordable three-bedroom, one-bath home offers ocean views and a lifestyle filled with natural beauty and convenience. This well-maintained home has seen many recent upgrades and is both efficient and easy to maintain.

C$105000

Residential For Sale

2961 Main Street, Lower Clarks Harbour Ns B0w 1p0

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

1Bathroom(s)

C$105000

4741 Results returned.Per Page

Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

– save for a down payment

– stop lining your landlord’s pockets, and – stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

– save for a down payment

– stop lining your landlord’s pockets, and – stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

9 Buyer Traps & How to Avoid Them

No matter which way you look at it, buying a home is a major investment. But for many home buyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

* paying too much for the home they want, or * losing their dream home to another buyer or, * (worse) buying the wrong home for their needs.

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important article discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The 9 Buyer Traps

Bidding Blind

Buying the Wrong Home.

Unclear Title.

Inaccurate Survey.

Undisclosed Fix-ups.

Not Getting Mortgage Preapproval.

Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses.

Hidden Costs.

Rushing the Closing.

One More Tip…

Residential For Sale

11 Merion Court, Hammonds Plains Ns B4b 2r1

Residential For Sale

Residential For Sale

Residential For Sale

750 Highway 210, Waterloo Ns B4v 8j5

Residential For Sale

Residential For Sale

Residential For Sale

8 Foleaze Park Drive, Brow Of The Mountain Ns B0p 1j0

Residential For Sale

Residential For Sale

Residential For Sale

306-72 Seapoint Road, Dartmouth Ns B3b 0k8

Residential For Sale

Residential For Sale

Residential For Sale

951 Lindola Place, Halifax Ns B3h 4m1

Residential For Sale

Residential For Sale

Residential For Sale

7133 Murdoch Avenue, Halifax Ns B3l 2g9

Residential For Sale

Residential For Sale

Residential For Sale

2328 Black River Road, Lumsden Dam Ns B4p 2r1

Residential For Sale

Residential For Sale

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

* paying too much for the home they want, or
* losing their dream home to another buyer or,
* (worse) buying the wrong home for their needs.