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

1497 Granton Abercrombie Road, Abercrombie, NS B2H 5C6

More Details

3Bedroom(s)

1Bathroom(s)

PavedParking(s)

35Picture(s)

1,497Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$289000

Residential For Sale

1497 Granton Abercrombie Road, Abercrombie, NS B2H 5C6

3Bedroom(s)

1Bathroom(s)

PavedParking(s)

1,497Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Welcome to this inviting three-bedroom, one-bath bungalow nestled on a beautifully landscaped lot in sought-after Abercrombie—just minutes from the conveniences of New Glasgow.

C$289000

Residential For Sale

1497 Granton Abercrombie Road, Abercrombie, NS B2H 5C6

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

1Bathroom(s)

C$289000

Residential For Sale

221 Spinnaker Drive, Halifax Peninsula, NS B3N 3C3

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

47Picture(s)

1,949Sqft

Listing courtesy of Domus Realty Limited

C$749900

Residential For Sale

221 Spinnaker Drive, Halifax Peninsula, NS B3N 3C3

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,949Sqft

Listing courtesy of Domus Realty Limited

Welcome to your serene retreat! Nestled in a peaceful setting, This beautifully updated townhouse offers three levels of modern living. Featuring three bedrooms, two full baths, one half bath, and a newly renovated ensuite, this home combines comfort with contemporary style. Enjoy the spacious recreation room and the convenience of a single-car garage.

C$749900

Residential For Sale

221 Spinnaker Drive, Halifax Peninsula, NS B3N 3C3

Listing courtesy of Domus Realty Limited

3Bedroom(s)

3Bathroom(s)

C$749900

Residential For Sale

4 Kingsmere Court, Timberlea, NS B3T 1J4

More Details

5Bedroom(s)

2Bathroom(s)

AttachedParking(s)

27Picture(s)

2,324Sqft

Listing courtesy of Royal LePage Atlantic

C$529900

Residential For Sale

4 Kingsmere Court, Timberlea, NS B3T 1J4

5Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,324Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 4 Kingsmere Court, a side-split set on a beautifully manicured corner lot leading to a quiet cul-de-sac in the heart of Glengary Estates, Timberlea. This home offers added convenience with two single paved driveways.

C$529900

Residential For Sale

4 Kingsmere Court, Timberlea, NS B3T 1J4

Listing courtesy of Royal LePage Atlantic

5Bedroom(s)

2Bathroom(s)

C$529900

Residential For Sale

2155 Beaver Bank Road, Beaver Bank, NS B4G 1E2

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

1,882Sqft

Listing courtesy of Results Realty Atlantic Inc.

C$525000

Residential For Sale

2155 Beaver Bank Road, Beaver Bank, NS B4G 1E2

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,882Sqft

Listing courtesy of Results Realty Atlantic Inc.

Sun-drenched and inviting, this beautifully maintained 4-bedroom, 2-bathroom home is the perfect blend of modern comfort and timeless charm. Nestled in a peaceful, family-friendly neighborhood, this home is just minutes from schools, parks, shopping, and commuter routes—effortless living at its best. Enjoy the large sunny deck that leads in your modern kitchen and upstairs of the house.

C$525000

Residential For Sale

2155 Beaver Bank Road, Beaver Bank, NS B4G 1E2

Listing courtesy of Results Realty Atlantic Inc.

4Bedroom(s)

2Bathroom(s)

C$525000

Residential For Sale

149 St Peters Road, Sydney, NS B1P 4P7

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

36Picture(s)

1,644Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

C$292000

Residential For Sale

149 St Peters Road, Sydney, NS B1P 4P7

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,644Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

Welcome to 149 St. Peters Rd! Step inside this bright and inviting 3-bedroom home in a sought-after neighbourhood, where natural light and beautiful hardwood floors flow throughout the main level. The main floor features a spacious living room, dining area, and kitchen with modern appliances, along with a convenient half bath.

C$292000

Residential For Sale

149 St Peters Road, Sydney, NS B1P 4P7

Listing courtesy of Coldwell Banker Boardwalk Realty

3Bedroom(s)

2Bathroom(s)

C$292000

Residential For Sale

153 Fulton Avenue, Westmount, NS B1R 1J8

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

16Picture(s)

832Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$179000

Residential For Sale

153 Fulton Avenue, Westmount, NS B1R 1J8

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

832Sqft

Listing courtesy of EXP Realty of Canada Inc.

Welcome to 153 Fulton Avenue, Westmount, a solid single-family home offering endless potential for those ready to add their personal touch. Situated on a 6,598 sq. ft. lot in a great neighborhood, this property is ideal for investors, first-time buyers, or anyone seeking a rewarding project.

C$179000

Residential For Sale

153 Fulton Avenue, Westmount, NS B1R 1J8

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

1Bathroom(s)

C$179000

Residential For Sale

1090 Main Shore Road, North Chegoggin, NS B5A 5H2

More Details

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

25Picture(s)

1,545Sqft

Listing courtesy of Modern Realty

C$249000

Residential For Sale

1090 Main Shore Road, North Chegoggin, NS B5A 5H2

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,545Sqft

Listing courtesy of Modern Realty

Located in the community of North Chegoggin, this 1.5-storey home offers 4 bedrooms, 1.5 baths, and plenty of living space. Sitting on a 0.53-acre lot, the property provides plenty of room for outdoor enjoyment and relaxation.

C$249000

Residential For Sale

1090 Main Shore Road, North Chegoggin, NS B5A 5H2

Listing courtesy of Modern Realty

4Bedroom(s)

2Bathroom(s)

C$249000

Residential For Sale

158 Plover Lane, North Grand Pre, NS B0P 1M0

More Details

2Bedroom(s)

No GarageParking(s)

17Picture(s)

630Sqft

Listing courtesy of RE/MAX Advantage

C$350000

Residential For Sale

158 Plover Lane, North Grand Pre, NS B0P 1M0

2Bedroom(s)

No GarageParking(s)

630Sqft

Listing courtesy of RE/MAX Advantage

Located seconds to the waterfront ( please see photos of the area access area minutes from the cottage) This is a beautiful location and a sweet cottage with an abundance of potential, including offering a double lot with this property. The community of Evangeline Beach is an ever-popular location on the outskirts of Grand Pre.

C$350000

Residential For Sale

158 Plover Lane, North Grand Pre, NS B0P 1M0

Listing courtesy of RE/MAX Advantage

2Bedroom(s)

C$350000

Residential For Sale

9717 Highway 10, Nictaux, NS B0S 1P0

More Details

7Bedroom(s)

4Bathroom(s)

AttachedParking(s)

31Picture(s)

3,120Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$425000

Residential For Sale

9717 Highway 10, Nictaux, NS B0S 1P0

7Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,120Sqft

Listing courtesy of RE/MAX Banner Real Estate

This charming and historic 6+1 bedroom, 3.5-bath family home offers aprox 3000 sqft of warm, inviting living space on a generous 1.07-acre lot. Every room exudes character and timeless appeal, from the formal living and dining rooms to the cozy den and cheerful sunroom. The sunroom leads to a lovely covered front veranda, the perfect spot to enjoy your morning coffee or relax with a book.

C$425000

Residential For Sale

9717 Highway 10, Nictaux, NS B0S 1P0

Listing courtesy of RE/MAX Banner Real Estate

7Bedroom(s)

4Bathroom(s)

C$425000

Residential For Sale

64 Spar Crescent, Dartmouth, NS B2W 4A2

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

50Picture(s)

1,205Sqft

Listing courtesy of Exit Realty Metro

C$399900

Residential For Sale

64 Spar Crescent, Dartmouth, NS B2W 4A2

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,205Sqft

Listing courtesy of Exit Realty Metro

First time to the market! Welcome to 64 Spar Crescent, a charming semi in a quiet, family-friendly neighbourhood in Dartmouth. Step inside to find a freshly updated interior featuring new flooring throughout and a full repaint from top to bottom. The kitchen has been completely redone, offering a modern, beautiful space for cooking and entertaining.

C$399900

Residential For Sale

64 Spar Crescent, Dartmouth, NS B2W 4A2

Listing courtesy of Exit Realty Metro

3Bedroom(s)

1Bathroom(s)

C$399900

Residential For Sale

47 Macintosh Drive, Sylvester, NS B0K 2A0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

13Picture(s)

1,088Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$189900

Residential For Sale

47 Macintosh Drive, Sylvester, NS B0K 2A0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,088Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

This 2-bedroom, 1 bath mini home offers great potential with a comfortable thought out layout perfect for first time homebuyers or anyone looking for a rental unit. Walk into the spacious kitchen with patio doors leading outside. The home features a built in stereo system which will keep you entertained as you cook.The separate laundry room adds convenience and function.

C$189900

Residential For Sale

47 Macintosh Drive, Sylvester, NS B0K 2A0

Listing courtesy of Blinkhorn Real Estate Ltd.

2Bedroom(s)

1Bathroom(s)

C$189900

Residential For Sale

92 Victoria Street, Springhill, NS B0M 1X0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

22Picture(s)

1,050Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$154900

Residential For Sale

92 Victoria Street, Springhill, NS B0M 1X0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,050Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Welcome to affordable family living in the charming community of Springhill! Situated within walking distance to all amenities, thisdelightful home is nestled in a quiet neighborhood, offering the perfect blend of convenience and tranquility. As you approach, you'll begreeted by a well-maintained home, complete with a paved driveway, exuding a sense of pride of ownership.

C$154900

Residential For Sale

92 Victoria Street, Springhill, NS B0M 1X0

Listing courtesy of Keller Williams Select Realty (Truro)

3Bedroom(s)

1Bathroom(s)

C$154900

4333 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

1497 Granton Abercrombie Road, Abercrombie, NS B2H 5C6

Residential For Sale

Residential For Sale

Residential For Sale

221 Spinnaker Drive, Halifax Peninsula, NS B3N 3C3

Residential For Sale

Residential For Sale

Residential For Sale

4 Kingsmere Court, Timberlea, NS B3T 1J4

Residential For Sale

Residential For Sale

Residential For Sale

2155 Beaver Bank Road, Beaver Bank, NS B4G 1E2

Residential For Sale

Residential For Sale

Residential For Sale

149 St Peters Road, Sydney, NS B1P 4P7

Residential For Sale

Residential For Sale

Residential For Sale

153 Fulton Avenue, Westmount, NS B1R 1J8

Residential For Sale

Residential For Sale

Residential For Sale

1090 Main Shore Road, North Chegoggin, NS B5A 5H2

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.