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

87 Somerset Drive, East Sable River, NS B0T 1V0

More Details

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

39Picture(s)

1,460Sqft

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

C$299500

Residential For Sale

87 Somerset Drive, East Sable River, NS B0T 1V0

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,460Sqft

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

Delightful four-season getaway or full-time home in the South Shore community of East Sable River. Starting as a simple cottage in 1993, the property received a significant addition in 2019 that more than doubled the living space to 1460 sq. ft. Evidence of the build quality is everywhere.

C$299500

Residential For Sale

87 Somerset Drive, East Sable River, NS B0T 1V0

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

2Bedroom(s)

2Bathroom(s)

C$299500

Residential For Sale

Lake Charlotte, Upper Lakeville, NS B0J 1P0

More Details

NoneParking(s)

18Picture(s)

386Sqft

Listing courtesy of RE/MAX Nova

C$87900

Residential For Sale

Lake Charlotte, Upper Lakeville, NS B0J 1P0

NoneParking(s)

386Sqft

Listing courtesy of RE/MAX Nova

NEW PRICE. Have you dreamed of owning lakefront property and having that off-grid area to sit back and enjoy everything nature offers? Then look no further, as this Lot with a cabin and small sandy beach is locate on the gorgeous, sought-after Lake Charlotte. The lot has over 300 ft of waterfrontage, which boasts all the fun water activities of Nova Scotia Lakes.

C$87900

Residential For Sale

Lake Charlotte, Upper Lakeville, NS B0J 1P0

Listing courtesy of RE/MAX Nova

C$87900

Residential For Sale

15491 Cabot Trail Road, Chéticamp, NS B0E 1H0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

25Picture(s)

1,170Sqft

Listing courtesy of Red Door Realty

C$234900

Residential For Sale

15491 Cabot Trail Road, Chéticamp, NS B0E 1H0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,170Sqft

Listing courtesy of Red Door Realty

With spectacular direct waterfront access and views, the backyard of this charming older home is a true show stopper! Here, you’ll enjoy sweeping vistas of the breathtaking Cape Breton sunsets, all from the comfort of your own deck that feels like it's floating above the water. This newly renovated 2 + 1 bedroom, 1.

C$234900

Residential For Sale

15491 Cabot Trail Road, Chéticamp, NS B0E 1H0

Listing courtesy of Red Door Realty

3Bedroom(s)

2Bathroom(s)

C$234900

Residential For Sale

502-31 Kings Wharf Place, Dartmouth, NS B2Y 0C1

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

50Picture(s)

1,375Sqft

Listing courtesy of RE/MAX Nova

C$739900

Residential For Sale

502-31 Kings Wharf Place, Dartmouth, NS B2Y 0C1

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,375Sqft

Listing courtesy of RE/MAX Nova

Welcome to Unit 502 ~ The Keelson at Kings Wharf, Dartmouth’s premier waterfront community. This spacious corner unit condo featuring 1,375 square foot two-bedroom, two-bath condo with a den and offers the perfect blend of comfort, style, and convenience with stunning waterviews.

C$739900

Residential For Sale

502-31 Kings Wharf Place, Dartmouth, NS B2Y 0C1

Listing courtesy of RE/MAX Nova

2Bedroom(s)

2Bathroom(s)

C$739900

Residential For Sale

27 South Ohio Cross Road, South Ohio Ns B5a 5l2

More Details

6Bedroom(s)

5Bathroom(s)

GravelParking(s)

35Picture(s)

3,012Sqft

Listing courtesy of The Real Estate Store

C$519900

Residential For Sale

27 South Ohio Cross Road, South Ohio Ns B5a 5l2

6Bedroom(s)

5Bathroom(s)

GravelParking(s)

3,012Sqft

Listing courtesy of The Real Estate Store

27 South Ohio Cross Road is one of a kind. A single family dwelling times 3. The main home has an attached Granny Suite with good inside access. Then you have a third venue that has attached living all on its own. There is ample space in the main house on all levels. Outside there is an attactive back yard for entertaining with lots of deck space and even a pool.

C$519900

Residential For Sale

27 South Ohio Cross Road, South Ohio Ns B5a 5l2

Listing courtesy of The Real Estate Store

6Bedroom(s)

5Bathroom(s)

C$519900

Residential For Sale

145 Commercial Street, Middleton Ns B0p 1s0

More Details

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

49Picture(s)

3,192Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$424900

Residential For Sale

145 Commercial Street, Middleton Ns B0p 1s0

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

3,192Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Step into this beautifully renovated century home, perfectly situated in the heart of the Annapolis Valley. The main level boasts a stylish open-concept layout with spacious dining and living areas with a cozy new wood stove, ideal for gathering with family and friends. Comfy sitting room and a bright sun porch offer peaceful spaces to relax and unwind.

C$424900

Residential For Sale

145 Commercial Street, Middleton Ns B0p 1s0

Listing courtesy of Royal LePage Atlantic (Greenwood)

4Bedroom(s)

3Bathroom(s)

C$424900

Residential For Sale

1640 Highway 332, First South Ns B0j 2c0

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

46Picture(s)

1,954Sqft

Listing courtesy of Exit Real Estate Professionals

C$599900

Residential For Sale

1640 Highway 332, First South Ns B0j 2c0

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,954Sqft

Listing courtesy of Exit Real Estate Professionals

Welcome to your dream home this traditional Lunenburg County home with all the craftsmanship of days gone by. This circa 1920 home has been totally restored. It is located 3 km from Unesco Town of Lunenburg. Spend your days sitting on your large covered front deck to enjoy The ocean views. They are breathtaking.

C$599900

Residential For Sale

1640 Highway 332, First South Ns B0j 2c0

Listing courtesy of Exit Real Estate Professionals

4Bedroom(s)

2Bathroom(s)

C$599900

Residential For Sale

345 Toney Bay Road, Port Howe Ns B0k 1k0

More Details

4Bedroom(s)

5Bathroom(s)

DoubleParking(s)

49Picture(s)

3,115Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$439900

Residential For Sale

345 Toney Bay Road, Port Howe Ns B0k 1k0

4Bedroom(s)

5Bathroom(s)

DoubleParking(s)

3,115Sqft

Listing courtesy of Coldwell Banker Performance Realty

Welcome to 345 Toney Bay Road, Port Howe NS where opportunity awaits you! This unique home provides two finished storeys with ground level front entrance and rear walk-out from the lower level portion and decks to access the main floor. The location here is moments from the public Heather Beach, with an ocean view of Cameron Beach from the side deck.

C$439900

Residential For Sale

345 Toney Bay Road, Port Howe Ns B0k 1k0

Listing courtesy of Coldwell Banker Performance Realty

4Bedroom(s)

5Bathroom(s)

C$439900

Residential For Sale

345 Toney Bay Road, Port Howe Ns B0k 1k0

More Details

4Bedroom(s)

5Bathroom(s)

DoubleParking(s)

49Picture(s)

3,115Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$439900

Residential For Sale

345 Toney Bay Road, Port Howe Ns B0k 1k0

4Bedroom(s)

5Bathroom(s)

DoubleParking(s)

3,115Sqft

Listing courtesy of Coldwell Banker Performance Realty

Welcome to 345 Toney Bay Road, Port Howe NS where opportunity is available for you! This unique home provides two finished storeys with ground level front entrance, a rear walk-out from the lower level portion and decks to access the main floor. The location here is moments from the public Heather Beach, with an ocean view of Cameron Beach from the side deck.

C$439900

Residential For Sale

345 Toney Bay Road, Port Howe Ns B0k 1k0

Listing courtesy of Coldwell Banker Performance Realty

4Bedroom(s)

5Bathroom(s)

C$439900

Residential For Sale

482 Hwy 335, West Pubnico Ns B0w 3s0

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

28Picture(s)

1,577Sqft

Listing courtesy of East Bay Realty Ltd.

C$179000

Residential For Sale

482 Hwy 335, West Pubnico Ns B0w 3s0

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,577Sqft

Listing courtesy of East Bay Realty Ltd.

This lovely 1.5 storey home found in the peaceful fishing village of West Pubnico is definitely one you should check out. The house has been redone on the inside by seller. This includes new flooring through out with the exception of the primary bedroom which has gleaming hardwood adding great beauty to the home.

C$179000

Residential For Sale

482 Hwy 335, West Pubnico Ns B0w 3s0

Listing courtesy of East Bay Realty Ltd.

3Bedroom(s)

1Bathroom(s)

C$179000

Residential For Sale

42 Goldfinch Lane, Heckmans Island Ns B0j 2c0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

5,114Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$959900

Residential For Sale

42 Goldfinch Lane, Heckmans Island Ns B0j 2c0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

5,114Sqft

Listing courtesy of The Agency Real Estate Brokerage

Fabulous Oceanfront Home on Heckmans Island Welcome to your coastal sanctuary on picturesque Heckmans Island, just 10 minutes from historic Lunenburg. Tucked away on a quiet lane, this oceanfront property offers a rare blend of privacy, natural beauty, and modern comfort—ideal as a year-round residence or seasonal retreat.

C$959900

Residential For Sale

42 Goldfinch Lane, Heckmans Island Ns B0j 2c0

Listing courtesy of The Agency Real Estate Brokerage

4Bedroom(s)

2Bathroom(s)

C$959900

Residential For Sale

55 Penney Road South Side, South Side Ns B0t 1w0

More Details

3Bedroom(s)

1Bathroom(s)

20Picture(s)

1,538Sqft

Listing courtesy of Coldwell Banker Tri-Key Realty

C$295000

Residential For Sale

55 Penney Road South Side, South Side Ns B0t 1w0

3Bedroom(s)

1Bathroom(s)

1,538Sqft

Listing courtesy of Coldwell Banker Tri-Key Realty

This immaculate 3 bedroom split level home is located on quite street with school bus pickup an mail delivery at the driveway,shed,12x16 deck walkout basement,4 appliances,This home has had extra insulation added and includes a heat pump and is very economical to heat. well maintained lot has hedges on two sides.Move in ready.

C$295000

Residential For Sale

55 Penney Road South Side, South Side Ns B0t 1w0

Listing courtesy of Coldwell Banker Tri-Key Realty

3Bedroom(s)

1Bathroom(s)

C$295000

3354 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

87 Somerset Drive, East Sable River, NS B0T 1V0

Residential For Sale

Residential For Sale

Residential For Sale

Lake Charlotte, Upper Lakeville, NS B0J 1P0

Residential For Sale

Residential For Sale

Residential For Sale

15491 Cabot Trail Road, Chéticamp, NS B0E 1H0

Residential For Sale

Residential For Sale

Residential For Sale

502-31 Kings Wharf Place, Dartmouth, NS B2Y 0C1

Residential For Sale

Residential For Sale

Residential For Sale

27 South Ohio Cross Road, South Ohio Ns B5a 5l2

Residential For Sale

Residential For Sale

Residential For Sale

145 Commercial Street, Middleton Ns B0p 1s0

Residential For Sale

Residential For Sale

Residential For Sale

1640 Highway 332, First South Ns B0j 2c0

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.