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.

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Residential For Sale

707-60 Walter Havill Drive, Halifax Ns B3n 0a9

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

33Picture(s)

1,035Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$459900

Residential For Sale

707-60 Walter Havill Drive, Halifax Ns B3n 0a9

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,035Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Bright & Spacious 2-Bed, 2-Bath Condo Overlooking Long Lake Provincial Park! Welcome to 1035 sq ft of comfort and convenience in this beautifully laid-out 2-bedroom, 2-bathroom condo. Wake up to serene views of Long Lake Provincial Park from both bedrooms, and enjoy a functional layout that includes a dedicated dining area and in-suite laundry.

C$459900

Residential For Sale

707-60 Walter Havill Drive, Halifax Ns B3n 0a9

Listing courtesy of RE/MAX Nova (Halifax)

2Bedroom(s)

2Bathroom(s)

C$459900

Residential For Sale

203-767 Parkland Drive, Halifax Ns B3s 1t1

More Details

4Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

28Picture(s)

1,198Sqft

Listing courtesy of Royal LePage Atlantic

C$499900

Residential For Sale

203-767 Parkland Drive, Halifax Ns B3s 1t1

4Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,198Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to The Wedgewood, where convenience and comfort come together in this fantastic 2-bedroom, 2-bathroom condo.

C$499900

Residential For Sale

203-767 Parkland Drive, Halifax Ns B3s 1t1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

2Bathroom(s)

C$499900

Residential For Sale

16 Regent Street, Yarmouth Ns B5a 2l3

More Details

2Bedroom(s)

2Bathroom(s)

18Picture(s)

1,054Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

C$129000

Residential For Sale

16 Regent Street, Yarmouth Ns B5a 2l3

2Bedroom(s)

2Bathroom(s)

1,054Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

Good potential! This home has two bedrooms and a full bathroom in the upstairs with the potential to use one of the living rooms in the downstairs as a main-level bedroom. The downstairs features lots of living space, a large kitchen and a half bath / utility room. Outside you there is a nice back yard with space for outdoor activities.

C$129000

Residential For Sale

16 Regent Street, Yarmouth Ns B5a 2l3

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

2Bedroom(s)

2Bathroom(s)

C$129000

Residential For Sale

798 Spencers Beach Road, Spencers Island Ns B0m 1s0

More Details

6Bedroom(s)

2Bathroom(s)

SingleParking(s)

39Picture(s)

2,743Sqft

Listing courtesy of Duckworth Real Estate(Chester)

C$399000

Residential For Sale

798 Spencers Beach Road, Spencers Island Ns B0m 1s0

6Bedroom(s)

2Bathroom(s)

SingleParking(s)

2,743Sqft

Listing courtesy of Duckworth Real Estate(Chester)

Centrally located in the incredibly scenic Spencer’s Island community, this property is just up the street from the lighthouse and the beach. On half an acre the land features gardens sloping down for views of the Bay of Fundy. Positioned to capture south facing exposure, this six-bedroom 2-bathroom home has 2,743 square feet of living space, and an additional 28 X 45-foot two story barn.

C$399000

Residential For Sale

798 Spencers Beach Road, Spencers Island Ns B0m 1s0

Listing courtesy of Duckworth Real Estate(Chester)

6Bedroom(s)

2Bathroom(s)

C$399000

Residential For Sale

6999 Highway 3, Hunts Point Ns B0t 1g0

More Details

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

43Picture(s)

4,172Sqft

Listing courtesy of Sotheby's International Realty Canada

C$2500000

Residential For Sale

6999 Highway 3, Hunts Point Ns B0t 1g0

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

4,172Sqft

Listing courtesy of Sotheby's International Realty Canada

Nestled on over 5 acres of pristine oceanfront land, this contemporary coastal home offers unparalleled luxury and privacy. The beautifully landscaped gardens, with beach stone-lined paths, lead directly to the rugged shoreline, creating a serene and picturesque setting.

C$2500000

Residential For Sale

6999 Highway 3, Hunts Point Ns B0t 1g0

Listing courtesy of Sotheby's International Realty Canada

4Bedroom(s)

3Bathroom(s)

C$2500000

Residential For Sale

559 Upper Branch Road, Wileville Ns B4v 5m6

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

47Picture(s)

1,852Sqft

Listing courtesy of Keller Williams Select Realty (Bridgewater)

C$595000

Residential For Sale

559 Upper Branch Road, Wileville Ns B4v 5m6

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,852Sqft

Listing courtesy of Keller Williams Select Realty (Bridgewater)

Incredible location 2 mins outside Bridgewater, Easy access to Hwy 103, 1hr to Halifax. Large kitchen with island and traditional oak cupboards is the focal point of this warm family home, with access to back deck. 10'39" x16'39" Expansive living room with wired in surround sound speakers and in floor heating, other heat sources include 3 New heat pumps and an oil furnace.

C$595000

Residential For Sale

559 Upper Branch Road, Wileville Ns B4v 5m6

Listing courtesy of Keller Williams Select Realty (Bridgewater)

4Bedroom(s)

2Bathroom(s)

C$595000

Residential For Sale

71 Gil Sutherland Road, Balmoral Mills Ns B0k 1v0

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

40Picture(s)

424Sqft

Listing courtesy of Keller Williams Select Realty

C$214900

Residential For Sale

71 Gil Sutherland Road, Balmoral Mills Ns B0k 1v0

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

424Sqft

Listing courtesy of Keller Williams Select Realty

Escape to Your Own Private Paradise! Here’s an incredible opportunity to own 15.5 FULLY FENCED acres of pure potential, whether you're dreaming of a peaceful retreat or a thriving Airbnb! Imagine your own getaway with a gated entrance to 13.5 of those acres, where a picturesque brook gently flows along the edge.

C$214900

Residential For Sale

71 Gil Sutherland Road, Balmoral Mills Ns B0k 1v0

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

2Bathroom(s)

C$214900

Residential For Sale

2905 Highway 3, Brass Hill Ns B0w 1e0

More Details

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

38Picture(s)

4,006Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$499000

Residential For Sale

2905 Highway 3, Brass Hill Ns B0w 1e0

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

4,006Sqft

Listing courtesy of RE/MAX Banner Real Estate

If you are seeking a space large enough to accommodate your growing family and operate a business from your home, look no further! This property offers comfort, convenience and business potential all in one.

C$499000

Residential For Sale

2905 Highway 3, Brass Hill Ns B0w 1e0

Listing courtesy of RE/MAX Banner Real Estate

4Bedroom(s)

3Bathroom(s)

C$499000

Residential For Sale

112-1350 Oxford Street, Halifax Peninsula Ns B3h 3y8

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

48Picture(s)

1,065Sqft

Listing courtesy of Red Door Realty

C$549900

Residential For Sale

112-1350 Oxford Street, Halifax Peninsula Ns B3h 3y8

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,065Sqft

Listing courtesy of Red Door Realty

Welcome to Unit 112 at Oxford Court, one of Halifax's most sought-after condominium buildings. This northwest-facing unit is bathed in beautiful evening light, creating a warm and inviting atmosphere. Recently updated, the condo features new flooring and blinds, along with a brand-new hot water tank installed in 2024.

C$549900

Residential For Sale

112-1350 Oxford Street, Halifax Peninsula Ns B3h 3y8

Listing courtesy of Red Door Realty

2Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

6858 Highway 105, River Denys Ns B0e 2y0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

48Picture(s)

400Sqft

Listing courtesy of Cape Breton Realty

C$229000

Residential For Sale

6858 Highway 105, River Denys Ns B0e 2y0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

400Sqft

Listing courtesy of Cape Breton Realty

Versatile 2,400 Sq. Ft building. Property on 25 Acres! Ideal for Residential, Commercial, or Mixed Use. Located along the 105, this unique 2,400 sq. ft. building offers incredible potential for residential, commercial, or mixed-use purposes.

C$229000

Residential For Sale

6858 Highway 105, River Denys Ns B0e 2y0

Listing courtesy of Cape Breton Realty

2Bedroom(s)

2Bathroom(s)

C$229000

Residential For Sale

19020 Nova Scotia Trunk 7, Tangier, NS B0J 3H0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

20Picture(s)

3,097Sqft

Listing courtesy of PG Direct Realty Ltd.

C$599900

Residential For Sale

19020 Nova Scotia Trunk 7, Tangier, NS B0J 3H0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

3,097Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Motivated Sellers, Quick closing available.Nestled on Nova Scotia's Eastern Shore, this custom-built 3-bedroom, 2-bathroom coastal retreat in Spry Harbour offers breathtaking views of its private cove & shoreline.

C$599900

Residential For Sale

19020 Nova Scotia Trunk 7, Tangier, NS B0J 3H0

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$599900

Residential For Sale

15 Summer Street, Joggins Ns B0l 1a0

More Details

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

44Picture(s)

1,000Sqft

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

C$185000

Residential For Sale

15 Summer Street, Joggins Ns B0l 1a0

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,000Sqft

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

Just starting out or looking to downsize? This 2-bedroom, 2-bathroom rejuvenated home should be at the top of your tour list. Entering by way of the front door takes you immediately into the bright open kitchen area which then flows into the formal dining room and then on and into the well appointed family room beyond. Here you can exit out through the patio door into your backyard.

C$185000

Residential For Sale

15 Summer Street, Joggins Ns B0l 1a0

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

2Bedroom(s)

2Bathroom(s)

C$185000

4799 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

707-60 Walter Havill Drive, Halifax Ns B3n 0a9

Residential For Sale

Residential For Sale

Residential For Sale

203-767 Parkland Drive, Halifax Ns B3s 1t1

Residential For Sale

Residential For Sale

Residential For Sale

16 Regent Street, Yarmouth Ns B5a 2l3

Residential For Sale

Residential For Sale

Residential For Sale

798 Spencers Beach Road, Spencers Island Ns B0m 1s0

Residential For Sale

Residential For Sale

Residential For Sale

6999 Highway 3, Hunts Point Ns B0t 1g0

Residential For Sale

Residential For Sale

Residential For Sale

559 Upper Branch Road, Wileville Ns B4v 5m6

Residential For Sale

Residential For Sale

Residential For Sale

71 Gil Sutherland Road, Balmoral Mills Ns B0k 1v0

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.