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

124 Sheppards Run, Beechville Estates, NS B3T 2E8

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

34Picture(s)

1,914Sqft

Listing courtesy of Royal LePage Atlantic

C$539900

Residential For Sale

124 Sheppards Run, Beechville Estates, NS B3T 2E8

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,914Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 124 Sheppards Run, located in the feverishly popular and centrally positioned Beechville Estates community—just a hop, skip, and jump to Bayers Lake and only minutes to Halifax. This beautifully maintained home offers 3+1 bedrooms and 2.

C$539900

Residential For Sale

124 Sheppards Run, Beechville Estates, NS B3T 2E8

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

3Bathroom(s)

C$539900

Residential For Sale

12 Marilyn Drive, Dartmouth, NS B2Y 3X8

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

20Picture(s)

1,092Sqft

Listing courtesy of Sutton Group Professional Realty

C$289900

Residential For Sale

12 Marilyn Drive, Dartmouth, NS B2Y 3X8

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,092Sqft

Listing courtesy of Sutton Group Professional Realty

Discover a great opportunity to build equity on a desirable street just minutes from downtown Dartmouth, close to the bus depot, grocery stores, and a variety of restaurants. This long-time rental property is priced to give new owners the flexibility to update and personalize as they choose.

C$289900

Residential For Sale

12 Marilyn Drive, Dartmouth, NS B2Y 3X8

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

1Bathroom(s)

C$289900

Residential For Sale

42 Montague Row, Digby, NS B0V 1A0

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

46Picture(s)

2,376Sqft

Listing courtesy of EXIT Realty Inter Lake

C$599000

Residential For Sale

42 Montague Row, Digby, NS B0V 1A0

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,376Sqft

Listing courtesy of EXIT Realty Inter Lake

Harbourfront Bungalow in the Heart of Digby Wake up to breathtaking, panoramic views of the Digby harbour in this spacious bungalow, perfectly situated in the quaint and vibrant port town of Digby. This thoughtfully designed 4 bedroom, 1.5 bathroom home offers space, convenience and coastal beauty and is patiently waiting for the loving modern touches of its new family.

C$599000

Residential For Sale

42 Montague Row, Digby, NS B0V 1A0

Listing courtesy of EXIT Realty Inter Lake

4Bedroom(s)

2Bathroom(s)

C$599000

Residential For Sale

48 Lukes Lane, Hacketts Cove, NS B3Z 3J9

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

6Picture(s)

2,275Sqft

Listing courtesy of Engel & Volkers

C$649900

Residential For Sale

48 Lukes Lane, Hacketts Cove, NS B3Z 3J9

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,275Sqft

Listing courtesy of Engel & Volkers

Welcome to Bayview Dr, Hacketts Cove in a scenic coastal community on the scenic Lighthouse Route. Only 40 minutes from Halifax with all the amenities you need only 15 minutes away!Indulge in this exceptionally versatile split entry home, The Lilac, that is sure to leave a lasting impression! Enjoy quality finishes designed to offer a seamless open-concept floor plan.

C$649900

Residential For Sale

48 Lukes Lane, Hacketts Cove, NS B3Z 3J9

Listing courtesy of Engel & Volkers

4Bedroom(s)

4Bathroom(s)

C$649900

Residential For Sale

18 Lukes Lane, Hacketts Cove, NS B3Z 3J9

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

7Picture(s)

2,454Sqft

Listing courtesy of Engel & Volkers

C$665900

Residential For Sale

18 Lukes Lane, Hacketts Cove, NS B3Z 3J9

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,454Sqft

Listing courtesy of Engel & Volkers

Welcome to Bayview Dr, Hacketts Cove in a scenic coastal community on the scenic Lighthouse Route. Only 40 minutes from Halifax with all the amenities you need only 15 minutes away! This contemporary two storey offers over 2,400 square feet of living space across 3 finished levels, 4 bedrooms and 3.5 bathrooms.

C$665900

Residential For Sale

18 Lukes Lane, Hacketts Cove, NS B3Z 3J9

Listing courtesy of Engel & Volkers

4Bedroom(s)

4Bathroom(s)

C$665900

Residential For Sale

14 Tobermory Road, Dartmouth, NS B2X 1Z5

More Details

4Bedroom(s)

1Bathroom(s)

No GarageParking(s)

29Picture(s)

1,248Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$515000

Residential For Sale

14 Tobermory Road, Dartmouth, NS B2X 1Z5

4Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,248Sqft

Listing courtesy of The Agency Real Estate Brokerage

Welcome to this beautifully renovated one-level home set on a quiet street in Dartmouth, offering comfort, modern upgrades, and an 8000 sq. ft. lot perfect for families, pets, or future outdoor projects. With 4 bedrooms and 1 full bath, this home delivers thoughtful updates throughout and truly move-in-ready living.

C$515000

Residential For Sale

14 Tobermory Road, Dartmouth, NS B2X 1Z5

Listing courtesy of The Agency Real Estate Brokerage

4Bedroom(s)

1Bathroom(s)

C$515000

Residential For Sale

3 George Street, Bedford, NS B4A 2N9

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

12Picture(s)

1,063Sqft

Listing courtesy of Sutton Group Professional Realty

C$439900

Residential For Sale

3 George Street, Bedford, NS B4A 2N9

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,063Sqft

Listing courtesy of Sutton Group Professional Realty

Opportunity to own in a great location in Bedford! This 3-bedroom, 1.5 storey home offers surprising living space and is set on a level lot in a quiet neighborhood. The home has new roof shingles, new front and rear steps, recently upgraded electrical panel and heating system, and is ready for new owners to refresh and upgrade to their tastes. Single detached garage also included.

C$439900

Residential For Sale

3 George Street, Bedford, NS B4A 2N9

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

1Bathroom(s)

C$439900

Residential For Sale

8472 West Bay Road, Sampsonville, NS B0E 3B0

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

39Picture(s)

2,464Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$474900

Residential For Sale

8472 West Bay Road, Sampsonville, NS B0E 3B0

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,464Sqft

Listing courtesy of The Agency Real Estate Brokerage

A rare find in Sampsonville, St. Peters—this beautifully maintained home blends comfort, lifestyle, and flexibility on over 1.2 acres of peaceful land. The fully finished lower level offers income potential—whether you choose to rent it out or use it as an in-law suite for a growing family.

C$474900

Residential For Sale

8472 West Bay Road, Sampsonville, NS B0E 3B0

Listing courtesy of The Agency Real Estate Brokerage

5Bedroom(s)

2Bathroom(s)

C$474900

Residential For Sale

179 Union Street, Sydney, NS B1P 4Y2

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

17Picture(s)

1,185Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

C$219900

Residential For Sale

179 Union Street, Sydney, NS B1P 4Y2

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,185Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

Charming 1.5-storey, 3-bedroom home that has been lovingly maintained. Highlights include a bright, spacious living room with double French doors leading to the formal dining room, generously sized bedrooms, a covered front deck, and a large back deck ideal for relaxing or entertaining. The nicely fenced backyard is perfect for children and pets.

C$219900

Residential For Sale

179 Union Street, Sydney, NS B1P 4Y2

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

3Bedroom(s)

1Bathroom(s)

C$219900

Residential For Sale

1157 Highway 366, Tyndal Road, NS B4H 3X9

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

48Picture(s)

3,766Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

C$979900

Residential For Sale

1157 Highway 366, Tyndal Road, NS B4H 3X9

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,766Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

This property is located just minutes away from the town of Amherst, which offers a wide range of amenities. With four bedrooms, three and a half bathrooms, a chef's kitchen, and plenty of living space, this home is perfect for families or those who love to entertain.

C$979900

Residential For Sale

1157 Highway 366, Tyndal Road, NS B4H 3X9

Listing courtesy of RE/MAX County Line Realty Ltd.

4Bedroom(s)

4Bathroom(s)

C$979900

Residential For Sale

967 Georges River Road, Georges River, NS B1Y 3Y6

More Details

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

3,665Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

C$699999

Residential For Sale

967 Georges River Road, Georges River, NS B1Y 3Y6

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3,665Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

Welcome to your dream home, a stunning property nestled on over 3 acres of lush land, offering breathtaking views of the beautiful Bras d’Or Lakes. This exceptional residence boasts a luxurious heated saltwater pool, perfect for relaxing or entertaining on warm summer days.

C$699999

Residential For Sale

967 Georges River Road, Georges River, NS B1Y 3Y6

Listing courtesy of Coldwell Banker Boardwalk Realty

3Bedroom(s)

4Bathroom(s)

C$699999

Residential For Sale

4526 Prospect Road, Bayside, NS B3Z 1L7

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

43Picture(s)

2,292Sqft

Listing courtesy of Sutton Group Professional Realty

C$595000

Residential For Sale

4526 Prospect Road, Bayside, NS B3Z 1L7

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,292Sqft

Listing courtesy of Sutton Group Professional Realty

Escape to your own private paradise with this charming oceanfront bungalow! Nestled right on the shore of Shad Bay, this cozy home offers stunning views of the ocean and direct access to the waterfront. Main floor features two bedrooms, one bath, an open-concept living area, and a spacious deck perfect for sunrise coffees or sunset dinners.

C$595000

Residential For Sale

4526 Prospect Road, Bayside, NS B3Z 1L7

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

2Bathroom(s)

C$595000

3414 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

124 Sheppards Run, Beechville Estates, NS B3T 2E8

Residential For Sale

Residential For Sale

Residential For Sale

12 Marilyn Drive, Dartmouth, NS B2Y 3X8

Residential For Sale

Residential For Sale

Residential For Sale

42 Montague Row, Digby, NS B0V 1A0

Residential For Sale

Residential For Sale

Residential For Sale

48 Lukes Lane, Hacketts Cove, NS B3Z 3J9

Residential For Sale

Residential For Sale

Residential For Sale

18 Lukes Lane, Hacketts Cove, NS B3Z 3J9

Residential For Sale

Residential For Sale

Residential For Sale

14 Tobermory Road, Dartmouth, NS B2X 1Z5

Residential For Sale

Residential For Sale

Residential For Sale

3 George Street, Bedford, NS B4A 2N9

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.