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

372 Canoe Crescent, Hammonds Plains, NS B4B 2P5

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

4,766Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$1699900

Residential For Sale

372 Canoe Crescent, Hammonds Plains, NS B4B 2P5

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,766Sqft

Listing courtesy of The Agency Real Estate Brokerage

A show-stopping masterpiece - brand new construction with style, space, and sophistication. Step into luxury with this exceptional 5-bedroom, 3.5-bathroom new construction home that’s designed to impress at every turn.

C$1699900

Residential For Sale

372 Canoe Crescent, Hammonds Plains, NS B4B 2P5

Listing courtesy of The Agency Real Estate Brokerage

5Bedroom(s)

4Bathroom(s)

C$1699900

Residential For Sale

17 Triton Brook Court, Antigonish, NS B2G 2K9

More Details

6Bedroom(s)

5Bathroom(s)

AttachedParking(s)

50Picture(s)

5,915Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$1099900

Residential For Sale

17 Triton Brook Court, Antigonish, NS B2G 2K9

6Bedroom(s)

5Bathroom(s)

AttachedParking(s)

5,915Sqft

Listing courtesy of The Agency Real Estate Brokerage

Welcome to your luxurious retreat nestled on 4.71 acres of prime land spanning two lots, offering unparalleled privacy and breathtaking views of the Antigonish Harbour. This exceptional property boasts a sprawling 5000+ square foot home, meticulously constructed with Insulated Concrete Forms (ICF) from top to bottom, ensuring durability, energy efficiency, and sound insulation.

C$1099900

Residential For Sale

17 Triton Brook Court, Antigonish, NS B2G 2K9

Listing courtesy of The Agency Real Estate Brokerage

6Bedroom(s)

5Bathroom(s)

C$1099900

Residential For Sale

74 Circassion Drive, Dartmouth, NS B2W 4N4

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

34Picture(s)

1,549Sqft

Listing courtesy of Royal LePage Atlantic

C$429900

Residential For Sale

74 Circassion Drive, Dartmouth, NS B2W 4N4

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,549Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 74 Circassion Drive, a well maintained three bedroom, two bathroom semi detached home located in the family friendly community of Forest Hills. Just a short walk to playgrounds, schools, major bus routes, Cole Harbour Place, and everyday amenities, this location is hard to beat.

C$429900

Residential For Sale

74 Circassion Drive, Dartmouth, NS B2W 4N4

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

2Bathroom(s)

C$429900

Residential For Sale

10 Cabernet Court, Timberlea, NS B3T 0E4

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

36Picture(s)

1,746Sqft

Listing courtesy of Royal LePage Atlantic

C$560000

Residential For Sale

10 Cabernet Court, Timberlea, NS B3T 0E4

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,746Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 10 Cabernet Court in sought after Brunello Estates. This 12 year old townhouse bungalow offers the ease of main level living with the added bonus of a fully finished basement. Lovingly cared for and recently painted throughout, the home feels fresh and inviting.

C$560000

Residential For Sale

10 Cabernet Court, Timberlea, NS B3T 0E4

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$560000

Residential For Sale

Lot 54b Honeygold Drive, Halifax, NS B3R 2H8

More Details

5Bedroom(s)

4Bathroom(s)

No GarageParking(s)

42Picture(s)

2,373Sqft

Listing courtesy of Royal LePage Atlantic

C$699900

Residential For Sale

Lot 54b Honeygold Drive, Halifax, NS B3R 2H8

5Bedroom(s)

4Bathroom(s)

No GarageParking(s)

2,373Sqft

Listing courtesy of Royal LePage Atlantic

NOW PRE-SELLING PHASE 4! LEGAL TWO-UNIT SEMI DETACHED HOMES AVAILABLE WITH 5 BEDROOMS & 4 BATHROOMS AND AN IMPROVED BASEMENT 2 BEDROOM SUITE FLOORPLAN WITH LARGER BEDROOMS.

C$699900

Residential For Sale

Lot 54b Honeygold Drive, Halifax, NS B3R 2H8

Listing courtesy of Royal LePage Atlantic

5Bedroom(s)

4Bathroom(s)

C$699900

Residential For Sale

538 Bondi Drive, Middle Sackville, NS B4E 0P5

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1Picture(s)

3,411Sqft

Listing courtesy of Royal LePage Atlantic

C$899900

Residential For Sale

538 Bondi Drive, Middle Sackville, NS B4E 0P5

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

3,411Sqft

Listing courtesy of Royal LePage Atlantic

COME AND SEE US AT OUR MODEL HOME AT 242 Zaffre Drive EVERY SATURDAY & SUNDAY FROM 2-4 PM. Welcome to The Hemlock—a thoughtfully designed bungalow model with a full basement from Amara Developments. The Hemlock offers an exceptional blend of contemporary style and function in sought-after Indigo Shores.

C$899900

Residential For Sale

538 Bondi Drive, Middle Sackville, NS B4E 0P5

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

2Bathroom(s)

C$899900

Residential For Sale

8274 7 Highway, Musquodoboit Harbour, NS B0J 2L0

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

49Picture(s)

1,050Sqft

Listing courtesy of Keller Williams Select Realty

C$324900

Residential For Sale

8274 7 Highway, Musquodoboit Harbour, NS B0J 2L0

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,050Sqft

Listing courtesy of Keller Williams Select Realty

Looking for an investment property on the water to build equity in? Then look no further! This cute 3 bedroom 1 bath is ready for a quick close for you to start your new project! This home needs some TLC & is being sold where is as is.

C$324900

Residential For Sale

8274 7 Highway, Musquodoboit Harbour, NS B0J 2L0

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$324900

Residential For Sale

27 Bennies Lane, Louisdale, NS B0E 1V0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

28Picture(s)

1,072Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

C$184900

Residential For Sale

27 Bennies Lane, Louisdale, NS B0E 1V0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,072Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

Welcome to this lovely Maple Leaf mini home, perfectly situated on a generous ½-acre waterfront lot with approximately 90 feet of frontage along Shannon Brook and beautiful views of Seal Cove Harbour. Located in the welcoming maritime community of Louisdale, this property offers affordable living for first time buyers or downsizers. The 16' x 67' home provides approx.

C$184900

Residential For Sale

27 Bennies Lane, Louisdale, NS B0E 1V0

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

3Bedroom(s)

1Bathroom(s)

C$184900

Residential For Sale

336 Gray Street, Windsor, NS B0N 2T0

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

50Picture(s)

1,160Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

C$299900

Residential For Sale

336 Gray Street, Windsor, NS B0N 2T0

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,160Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

Welcome to this charming home in the heart of Windsor. Brimming with character and potential, this inviting property offers a fantastic opportunity for families, first time buyers, or anyone looking to add value in a great neighbourhood. The home is filled with natural light and showcases classic details that add to its warmth and appeal with 3 comfortable sized bedrooms and 1.

C$299900

Residential For Sale

336 Gray Street, Windsor, NS B0N 2T0

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

3Bedroom(s)

2Bathroom(s)

C$299900

Residential For Sale

756 Forsyth Street, New Waterford, NS B1H 2Y5

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

32Picture(s)

1,831Sqft

Listing courtesy of Royal LePage Anchor Realty

C$274900

Residential For Sale

756 Forsyth Street, New Waterford, NS B1H 2Y5

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,831Sqft

Listing courtesy of Royal LePage Anchor Realty

SEASONED WITH LOVE & CARE! This IMMACULATE split entry style home is a must to see, it's move in ready with a quick closing date. From the moment you enter you will be captivated, beautiful bright floor plan, nice kitchen area with attached dinette, spacious living room, gleaming hardwood flooring througout the main floor, solid oak staircase.

C$274900

Residential For Sale

756 Forsyth Street, New Waterford, NS B1H 2Y5

Listing courtesy of Royal LePage Anchor Realty

3Bedroom(s)

2Bathroom(s)

C$274900

Residential For Sale

3538 Bay Avenue, New Waterford, NS B1H 2P3

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

20Picture(s)

852Sqft

Listing courtesy of 3% Realty Nova Scotia

C$149000

Residential For Sale

3538 Bay Avenue, New Waterford, NS B1H 2P3

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

852Sqft

Listing courtesy of 3% Realty Nova Scotia

Welcome to 3538 Bay Avenue, a charming and well maintained two bedroom home that offers the comfort and convenience of one level living. Thoughtfully updated, this property provides peace of mind for years to come with a brand new metal roof and new skirting, enhancing both durability and curb appeal.

C$149000

Residential For Sale

3538 Bay Avenue, New Waterford, NS B1H 2P3

Listing courtesy of 3% Realty Nova Scotia

2Bedroom(s)

1Bathroom(s)

C$149000

Residential For Sale

17 Brentwood Estates, Amherst, NS B4H 4G5

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

32Picture(s)

952Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$119900

Residential For Sale

17 Brentwood Estates, Amherst, NS B4H 4G5

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

952Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

Access the home via the deck, which is equipped with a ramp for added accessibility. Inside, you’ll find a unique and functional layout centered around a bright eat-in kitchen. Toward the front of the home, the kitchen opens to a generously sized living room with a convenient pass-through-ideal for entertaining. Just beyond the living room is a spacious front bedroom.

C$119900

Residential For Sale

17 Brentwood Estates, Amherst, NS B4H 4G5

Listing courtesy of Royal LePage Cumberland Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$119900

3148 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

372 Canoe Crescent, Hammonds Plains, NS B4B 2P5

Residential For Sale

Residential For Sale

Residential For Sale

17 Triton Brook Court, Antigonish, NS B2G 2K9

Residential For Sale

Residential For Sale

Residential For Sale

74 Circassion Drive, Dartmouth, NS B2W 4N4

Residential For Sale

Residential For Sale

Residential For Sale

10 Cabernet Court, Timberlea, NS B3T 0E4

Residential For Sale

Residential For Sale

Residential For Sale

Lot 54b Honeygold Drive, Halifax, NS B3R 2H8

Residential For Sale

Residential For Sale

Residential For Sale

538 Bondi Drive, Middle Sackville, NS B4E 0P5

Residential For Sale

Residential For Sale

Residential For Sale

8274 7 Highway, Musquodoboit Harbour, NS B0J 2L0

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.