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

1005 Alma Road, Sylvester, NS B0K 1A0

More Details

3Bedroom(s)

1Bathroom(s)

NoneParking(s)

50Picture(s)

1,008Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

C$275000

Residential For Sale

1005 Alma Road, Sylvester, NS B0K 1A0

3Bedroom(s)

1Bathroom(s)

NoneParking(s)

1,008Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

Welcome to your ideal country bungalow—where comfort meets modern living. Perfect for first-time buyers or those looking to downsize, this recently renovated three-bedroom, one-bath home is set in a desirable location on Alma Road, just minutes from the charming towns of New Glasgow and Pictou.

C$275000

Residential For Sale

1005 Alma Road, Sylvester, NS B0K 1A0

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

3Bedroom(s)

1Bathroom(s)

C$275000

Residential For Sale

385 Gibbon Street, New Waterford, NS B1H 3N3

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

11Picture(s)

580Sqft

Listing courtesy of Century 21 Optimum Realty

C$136900

Residential For Sale

385 Gibbon Street, New Waterford, NS B1H 3N3

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

580Sqft

Listing courtesy of Century 21 Optimum Realty

Charming Starter Home in New Waterford! This cute home in the heart of New Waterford is perfect for first-time homebuyers or someone looking to downsize. Featuring two bedrooms and one bathroom with a cozy living room, this property offers comfortable living at an affordable price.

C$136900

Residential For Sale

385 Gibbon Street, New Waterford, NS B1H 3N3

Listing courtesy of Century 21 Optimum Realty

2Bedroom(s)

1Bathroom(s)

C$136900

Residential For Sale

35 Aberdeen Avenue, New Glasgow, NS B2H 4B1

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

46Picture(s)

950Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$239900

Residential For Sale

35 Aberdeen Avenue, New Glasgow, NS B2H 4B1

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

950Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Simply Adorable Home in a Great Area! Perfect for first time buyers or those who want to downsize! This cozy home is a gem with numerous major updates that make it a dream for anyone looking for something in MOVE-IN condition AND affordable living.

C$239900

Residential For Sale

35 Aberdeen Avenue, New Glasgow, NS B2H 4B1

Listing courtesy of Blinkhorn Real Estate Ltd.

2Bedroom(s)

1Bathroom(s)

C$239900

Residential For Sale

70 Fraser Avenue, Sydney Mines, NS B1V 2C3

More Details

4Bedroom(s)

1Bathroom(s)

OtherParking(s)

12Picture(s)

1,200Sqft

Listing courtesy of Roger Burns Real Estate Ltd.

C$149500

Residential For Sale

70 Fraser Avenue, Sydney Mines, NS B1V 2C3

4Bedroom(s)

1Bathroom(s)

OtherParking(s)

1,200Sqft

Listing courtesy of Roger Burns Real Estate Ltd.

3 BEDROOM 1.5 STOREY HOME IN VERY CLEAN AND TIDY HOME RENOES INCLUDE SIDING SOME WIRING WINDOWS PLUMBING ETC.

C$149500

Residential For Sale

70 Fraser Avenue, Sydney Mines, NS B1V 2C3

Listing courtesy of Roger Burns Real Estate Ltd.

4Bedroom(s)

1Bathroom(s)

C$149500

Residential For Sale

452 Pleasant, Truro, NS B2N 3T6

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

20Picture(s)

1,564Sqft

Listing courtesy of PG Direct Realty Ltd.

C$399000

Residential For Sale

452 Pleasant, Truro, NS B2N 3T6

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,564Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information:Welcome to this bright and inviting 3-bedroom bungalow, ideally located in a sought-after Truro neighbourhood, just a 5 minute walk to Victoria Park, with a children's playground right across the street, close to schools, amenities, and with municipal water and sewer! Updated and refreshed throughout, this home offers comfortable living with flexi

C$399000

Residential For Sale

452 Pleasant, Truro, NS B2N 3T6

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$399000

Residential For Sale

5 Alpine Drive, Bridgewater, NS B4V 3A5

More Details

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

41Picture(s)

1,960Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

C$499900

Residential For Sale

5 Alpine Drive, Bridgewater, NS B4V 3A5

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,960Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

Set apart from the main thoroughfare, this spacious home is located in a very desirable, quiet, long established residential area in the town of Bridgewater. The exceptionally large, corner lot, is surrounded by other well maintained homes with mature trees and landscaping.

C$499900

Residential For Sale

5 Alpine Drive, Bridgewater, NS B4V 3A5

Listing courtesy of Engel & Volkers (Lunenburg)

4Bedroom(s)

2Bathroom(s)

C$499900

Residential For Sale

2121 Union Street, Westville, NS B0K 2A0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

36Picture(s)

864Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

C$229000

Residential For Sale

2121 Union Street, Westville, NS B0K 2A0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

864Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

Situated in the Town of Westville and within walking distance to local amenities, Acadia Park, and walking trails, this well-kept bungalow offers comfortable one-level living. The main floor features three bedrooms, a full bath, an eat-in kitchen with a movable island, and an open-concept living room. The unfinished basement provides ample storage or potential for future living space.

C$229000

Residential For Sale

2121 Union Street, Westville, NS B0K 2A0

Listing courtesy of Royal LePage Atlantic(Stellarton)

3Bedroom(s)

1Bathroom(s)

C$229000

Residential For Sale

10-10 Stoneybrook Court, Clayton Park, NS B3M 3L1

More Details

3Bedroom(s)

2Bathroom(s)

DrivewayParking(s)

24Picture(s)

1,569Sqft

Listing courtesy of FLAT RATE REALTY CANADA LTD - 15099

C$458900

Residential For Sale

10-10 Stoneybrook Court, Clayton Park, NS B3M 3L1

3Bedroom(s)

2Bathroom(s)

DrivewayParking(s)

1,569Sqft

Listing courtesy of FLAT RATE REALTY CANADA LTD - 15099

10 STONEYBROOK COURT When viewing this property on Realtor.ca MLS # 202601443 Please click on Realtor's website link to the right for further information. This fully updated/ designer upgraded, spacious 3 bedroom, 1 .5 bath end unit condo townhome offers the convenience of being very centrally located, yet with the comforts of cozy neighbourhood living.

C$458900

Residential For Sale

10-10 Stoneybrook Court, Clayton Park, NS B3M 3L1

Listing courtesy of FLAT RATE REALTY CANADA LTD - 15099

3Bedroom(s)

2Bathroom(s)

C$458900

Residential For Sale

103 College Street, Antigonish, NS B2G 1X6

More Details

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

37Picture(s)

1,469Sqft

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

C$349900

Residential For Sale

103 College Street, Antigonish, NS B2G 1X6

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,469Sqft

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

Built in the late 1800s, this five-bedroom, two-bath character home offers an excellent turnkey investment opportunity in one of Antigonish’s most desirable rental locations. Situated less than 250 feet from downtown, the property is within easy walking distance of St.

C$349900

Residential For Sale

103 College Street, Antigonish, NS B2G 1X6

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

5Bedroom(s)

2Bathroom(s)

C$349900

Residential For Sale

11 And 23 Golden View Drive, St Georges Channel, NS B0E 3K0

More Details

8Bedroom(s)

8Bathroom(s)

DetachedParking(s)

50Picture(s)

4,842Sqft

Listing courtesy of Cape Breton Realty

C$1995000

Residential For Sale

11 And 23 Golden View Drive, St Georges Channel, NS B0E 3K0

8Bedroom(s)

8Bathroom(s)

DetachedParking(s)

4,842Sqft

Listing courtesy of Cape Breton Realty

Welcome to Golden View Dr. in Cape Breton, where you will find a large, secluded family estate spanning over 337 acres or 137 hectares. This property offers endless opportunities for development or simply enjoying your own privacy. Unique property with breathtaking views of the UNESCO-designated Bras dOr Lake.

C$1995000

Residential For Sale

11 And 23 Golden View Drive, St Georges Channel, NS B0E 3K0

Listing courtesy of Cape Breton Realty

8Bedroom(s)

8Bathroom(s)

C$1995000

Residential For Sale

35 Moraine Drive, Enfield, NS B2T 0G7

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1Picture(s)

2,443Sqft

Listing courtesy of Sutton Group Professional Realty

C$761270

Residential For Sale

35 Moraine Drive, Enfield, NS B2T 0G7

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,443Sqft

Listing courtesy of Sutton Group Professional Realty

This spacious split-entry home built by Marchand Homes in Riverdale Estates Phase 2 offers thoughtfully designed living space, perfect for growing families. Offering three bedrooms, an ensuite, double car garage and an open-concept living and dining area that creates a seamless flow for entertaining and daily living.

C$761270

Residential For Sale

35 Moraine Drive, Enfield, NS B2T 0G7

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

3Bathroom(s)

C$761270

Residential For Sale

51 Lukes Lane, Hacketts Cove, NS B3Z 3J9

More Details

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

50Picture(s)

2,194Sqft

Listing courtesy of Engel & Volkers

C$624900

Residential For Sale

51 Lukes Lane, Hacketts Cove, NS B3Z 3J9

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

2,194Sqft

Listing courtesy of Engel & Volkers

Discover your dream home with easy travel to the city via highway, just 40 minutes from downtown. Enjoy the perfect blend of convenience and tranquility with large lots that offer privacy. Ideal for outdoor enthusiasts, this location provides easy deeded ocean access.

C$624900

Residential For Sale

51 Lukes Lane, Hacketts Cove, NS B3Z 3J9

Listing courtesy of Engel & Volkers

4Bedroom(s)

3Bathroom(s)

C$624900

3219 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

1005 Alma Road, Sylvester, NS B0K 1A0

Residential For Sale

Residential For Sale

Residential For Sale

385 Gibbon Street, New Waterford, NS B1H 3N3

Residential For Sale

Residential For Sale

Residential For Sale

35 Aberdeen Avenue, New Glasgow, NS B2H 4B1

Residential For Sale

Residential For Sale

Residential For Sale

70 Fraser Avenue, Sydney Mines, NS B1V 2C3

Residential For Sale

Residential For Sale

Residential For Sale

452 Pleasant, Truro, NS B2N 3T6

Residential For Sale

Residential For Sale

Residential For Sale

5 Alpine Drive, Bridgewater, NS B4V 3A5

Residential For Sale

Residential For Sale

Residential For Sale

2121 Union Street, Westville, NS B0K 2A0

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.