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

345 Everwood Avenue, Hammonds Plains, NS B3J 0Z6

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2Picture(s)

1,698Sqft

Listing courtesy of Engel & Volkers

C$759900

Residential For Sale

345 Everwood Avenue, Hammonds Plains, NS B3J 0Z6

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,698Sqft

Listing courtesy of Engel & Volkers

Ramar Homes is excited to introduce The Oasis, a stunning bungalow located in the newest phase of Everwood Avenues development. This thoughtfully designed home offers single-level, open-concept living, featuring a chef-inspired kitchen, spacious dining area, great room, 3 bedrooms, and 2 full baths – all on the main floor.

C$759900

Residential For Sale

345 Everwood Avenue, Hammonds Plains, NS B3J 0Z6

Listing courtesy of Engel & Volkers

3Bedroom(s)

2Bathroom(s)

C$759900

Residential For Sale

433 Everwood Avenue, Hammonds Plains, NS B3Z 0J6

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

5Picture(s)

3,007Sqft

Listing courtesy of Engel & Volkers

C$849900

Residential For Sale

433 Everwood Avenue, Hammonds Plains, NS B3Z 0J6

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

3,007Sqft

Listing courtesy of Engel & Volkers

Ramar Homes brings you “The Kinloch”. Nestled in the new development, an extension of Everwood Avenue, this property offers seclusion and privacy. The Kinloch offers a modern open concept main floor, a spacious kitchen with island, walk-in pantry, and a convenient den/home office.

C$849900

Residential For Sale

433 Everwood Avenue, Hammonds Plains, NS B3Z 0J6

Listing courtesy of Engel & Volkers

4Bedroom(s)

3Bathroom(s)

C$849900

Residential For Sale

432-a Everwood Avenue, Hammonds Plains, NS B3J 0Z6

More Details

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

5Picture(s)

2,469Sqft

Listing courtesy of Engel & Volkers

C$819900

Residential For Sale

432-a Everwood Avenue, Hammonds Plains, NS B3J 0Z6

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,469Sqft

Listing courtesy of Engel & Volkers

Nestled in the new development, an extension of the current Everwood Avenue, 30 minutes from Halifax with all the amenities you need only 10 minutes away. Indulge in The Elm, this contemporary two storey offers over 2,000 square feet of living space across 3 finished levels, 3 bedrooms and 4 bathrooms. You will have plenty of space for your current family or for your future family to grow into.

C$819900

Residential For Sale

432-a Everwood Avenue, Hammonds Plains, NS B3J 0Z6

Listing courtesy of Engel & Volkers

4Bedroom(s)

4Bathroom(s)

C$819900

Residential For Sale

305 Everwood Avenue, Hammonds Plains, NS B3Z 0J6

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

4Picture(s)

2,154Sqft

Listing courtesy of Engel & Volkers

C$789900

Residential For Sale

305 Everwood Avenue, Hammonds Plains, NS B3Z 0J6

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,154Sqft

Listing courtesy of Engel & Volkers

Welcome to The Magnolia, a beautifully crafted residence by Ramar Homes, set on over two acres of private grounds in an exclusive extension of Everwood Avenue. Just 7 minutes from Upper Tantallon and a 30-minute drive to Halifax, this exceptional property offers unmatched privacy, timeless curb appeal, and all within a community designed for those who value both nature and convenience.

C$789900

Residential For Sale

305 Everwood Avenue, Hammonds Plains, NS B3Z 0J6

Listing courtesy of Engel & Volkers

4Bedroom(s)

3Bathroom(s)

C$789900

Residential For Sale

108 Bondi Drive, Middle Sackville, NS B4E 0W2

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1Picture(s)

2,572Sqft

Listing courtesy of Royal LePage Atlantic

C$839999

Residential For Sale

108 Bondi Drive, Middle Sackville, NS B4E 0W2

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,572Sqft

Listing courtesy of Royal LePage Atlantic

Nestled on a sprawling 1.4-acre on Bondi Drive, this brand-new modern split-entry home offers a perfect blend of style, comfort, and privacy. Designed with a keen eye for detail, the home features 3 spacious bedrooms plus one, making it ideal for growing families or those in need of extra space. With 3 full bathrooms, convenience is assured for everyone in the household.

C$839999

Residential For Sale

108 Bondi Drive, Middle Sackville, NS B4E 0W2

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

3Bathroom(s)

C$839999

Residential For Sale

404-114 Regency Park Drive, Halifax, NS B3S 1R9

More Details

3Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

39Picture(s)

1,497Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$469000

Residential For Sale

404-114 Regency Park Drive, Halifax, NS B3S 1R9

3Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,497Sqft

Listing courtesy of EXP Realty of Canada Inc.

Welcome to Unit 404 at 114 Regency Park Drive, an inviting corner unit in the Tiara Gardens community. This spacious three-bedroom, two-bathroom unit receives amazing sunlight thanks to its desirable southeast exposure, creating a warm and comfortable atmosphere throughout the day. Set in the heart of amenity-rich Clayton Park, you’ll enjoy unmatched convenience.

C$469000

Residential For Sale

404-114 Regency Park Drive, Halifax, NS B3S 1R9

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

2Bathroom(s)

C$469000

Residential For Sale

26 Melrose Street, Amherst, NS B4H 3N3

More Details

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

3Picture(s)

2,400Sqft

Listing courtesy of Homelife City & Valley

C$165000

Residential For Sale

26 Melrose Street, Amherst, NS B4H 3N3

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

2,400Sqft

Listing courtesy of Homelife City & Valley

Property is being sold "As Is Where Is" Estate Sale. This property could be returned to a 3 or 4 bedroom home close to school and playground or maintain it as an income / investment property. Currently this is a 2 bedroom apartment on main floor and a 2 bedroom apartment upstairs with separate entrance.

C$165000

Residential For Sale

26 Melrose Street, Amherst, NS B4H 3N3

Listing courtesy of Homelife City & Valley

4Bedroom(s)

2Bathroom(s)

C$165000

Residential For Sale

52 Greenside Lane, Hammonds Plains, NS B4B 2A1

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

48Picture(s)

3,352Sqft

Listing courtesy of Royal LePage Atlantic

C$729900

Residential For Sale

52 Greenside Lane, Hammonds Plains, NS B4B 2A1

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,352Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 52 Greenside Lane - an executive end-unit townhouse condo in prestigious Glen Arbour. This spacious 3-bedroom, 3.5-bath home offers over 3,300 sq. ft. of finished living space - all with the ease of condo living, where exterior maintenance, landscaping, and snow removal are taken care of for you.

C$729900

Residential For Sale

52 Greenside Lane, Hammonds Plains, NS B4B 2A1

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

4Bathroom(s)

C$729900

Residential For Sale

11 Millview Avenue, Bedford, NS B4A 1G8

More Details

5Bedroom(s)

5Bathroom(s)

DoubleParking(s)

50Picture(s)

3,636Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$899900

Residential For Sale

11 Millview Avenue, Bedford, NS B4A 1G8

5Bedroom(s)

5Bathroom(s)

DoubleParking(s)

3,636Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

Welcome to 11 Millview Avenue in sought-after Bedford! This meticulously maintained two-storey home is proudly hitting the market for the very first time. Situated on a private, beautifully treed 13,200 sq. ft. corner lot, this property offers privacy, plenty of parking, and the exciting possibility of subdividing the lot (buyer to verify). With five spacious bedrooms and 4.

C$899900

Residential For Sale

11 Millview Avenue, Bedford, NS B4A 1G8

Listing courtesy of Century 21 Trident Realty Ltd.

5Bedroom(s)

5Bathroom(s)

C$899900

Residential For Sale

107 Anchor Drive, Halifax, NS B3N 3B9

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

49Picture(s)

2,108Sqft

Listing courtesy of Royal LePage Atlantic

C$750000

Residential For Sale

107 Anchor Drive, Halifax, NS B3N 3B9

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

2,108Sqft

Listing courtesy of Royal LePage Atlantic

Beautiful 3 bed, 2.5 bath Regatta Point townhouse with water views, steps from the Northwest Arm and the beautiful seawall walking path. This active, walkable community is known for its friendly vibe and unbeatable proximity to the Armdale Yacht Club, Chocolate Lake, Sir Sanford Fleming Park and only 10 minutes to downtown Halifax. There's a reason the owner has lived here for almost 30 years.

C$750000

Residential For Sale

107 Anchor Drive, Halifax, NS B3N 3B9

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$750000

Residential For Sale

9 Windale Drive, Bible Hill, NS B2N 2X4

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

48Picture(s)

1,140Sqft

Listing courtesy of Exit Real Estate Professionals

C$295000

Residential For Sale

9 Windale Drive, Bible Hill, NS B2N 2X4

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,140Sqft

Listing courtesy of Exit Real Estate Professionals

Welcome to 9 Windale Dr in Bible Hill. This Beautiful split level home is located on a quiet little street in Bible Hill. This home is 5 minutes to the Truro mall and just a one minute drive or a 10 min walk to the Agricultural College. This split level home has 5 bedrooms and two full baths. The open concept living room and brand new kitchen make it the perfect place for family or entertaining.

C$295000

Residential For Sale

9 Windale Drive, Bible Hill, NS B2N 2X4

Listing courtesy of Exit Real Estate Professionals

5Bedroom(s)

2Bathroom(s)

C$295000

Residential For Sale

401 Highway 1, Mount Uniacke, NS B0S 1B0

More Details

2Bedroom(s)

3Bathroom(s)

DoubleParking(s)

50Picture(s)

2,200Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$1250000

Residential For Sale

401 Highway 1, Mount Uniacke, NS B0S 1B0

2Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,200Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Rare find close to Halifax! Long Lane Farm is a 12 acre equestrian centre that has it all – 20 stall barn w/ apartment, 60x150 indoor arena, 100x200 jumper ring, run-ins, paddocks, 2 bed / 3 bath home – AND extensive lakefront on beautiful Pentz Lake! In recent years, the farm has operated as a profitable lesson, boarding & training stable with a reputation for being one of the premier facilit

C$1250000

Residential For Sale

401 Highway 1, Mount Uniacke, NS B0S 1B0

Listing courtesy of Viewpoint Realty Services Inc.

2Bedroom(s)

3Bathroom(s)

C$1250000

3361 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

345 Everwood Avenue, Hammonds Plains, NS B3J 0Z6

Residential For Sale

Residential For Sale

Residential For Sale

433 Everwood Avenue, Hammonds Plains, NS B3Z 0J6

Residential For Sale

Residential For Sale

Residential For Sale

432-a Everwood Avenue, Hammonds Plains, NS B3J 0Z6

Residential For Sale

Residential For Sale

Residential For Sale

305 Everwood Avenue, Hammonds Plains, NS B3Z 0J6

Residential For Sale

Residential For Sale

Residential For Sale

108 Bondi Drive, Middle Sackville, NS B4E 0W2

Residential For Sale

Residential For Sale

Residential For Sale

404-114 Regency Park Drive, Halifax, NS B3S 1R9

Residential For Sale

Residential For Sale

Residential For Sale

26 Melrose Street, Amherst, NS B4H 3N3

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.