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

30 Wardour Street, Bedford, NS B4A 2H9

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

38Picture(s)

1,904Sqft

Listing courtesy of Keller Williams Select Realty

C$649900

Residential For Sale

30 Wardour Street, Bedford, NS B4A 2H9

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,904Sqft

Listing courtesy of Keller Williams Select Realty

The residential area is near schools, malls, restaurants and supermarkets....15 minutes from Halifax and Dartmouth and a short walk to bus routes. This home is a 3 bedroom split entry in an established neighbourhood in much sought after Bedford. Entrance from Wardour St has a short set of stairs going to the lower level and a short set of stairs going to the main level.

C$649900

Residential For Sale

30 Wardour Street, Bedford, NS B4A 2H9

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$649900

Residential For Sale

11 Brynlees Lane, Mabou, NS B0E 1X0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

37Picture(s)

2,352Sqft

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

C$599000

Residential For Sale

11 Brynlees Lane, Mabou, NS B0E 1X0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,352Sqft

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

Built in 2020, this modern 2-bedroom home in the heart of Mabou features 2 bedrooms and a full bathroom upstairs, plus an additional 2-bedroom basement apartment with full kitchen, bathroom, and laundry, offering excellent income potential. Enjoy efficient heat pumps, electric baseboard heating, a concrete driveway, 40' x 8' sea can, and an 8' x 16' baby barn.

C$599000

Residential For Sale

11 Brynlees Lane, Mabou, NS B0E 1X0

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

4Bedroom(s)

2Bathroom(s)

C$599000

Residential For Sale

2313 Davidson Street, Forest Hill, NS B4P 2R1

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

40Picture(s)

2,892Sqft

Listing courtesy of Exit Realty Town & Country

C$799900

Residential For Sale

2313 Davidson Street, Forest Hill, NS B4P 2R1

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,892Sqft

Listing courtesy of Exit Realty Town & Country

2313 Davidson Street, Forest Hill is where modern craftsmanship meets peaceful country living. This impressive single-level home spans 2,892 sq. ft. and was meticulously designed and built less than two years ago with efficiency, quality, and single level living in mind. Set back on 1.5 acres of cleared land, it offers endless potential for custom landscaping, gardens, or outdoor entertaining.

C$799900

Residential For Sale

2313 Davidson Street, Forest Hill, NS B4P 2R1

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

2Bathroom(s)

C$799900

Residential For Sale

94 Commission Street, Sandy Point, NS B0T 1W0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

22Picture(s)

863Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$164900

Residential For Sale

94 Commission Street, Sandy Point, NS B0T 1W0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

863Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

A Coastal Gem with Character! Discover the perfect blend of small-town charm and modern comfort in this delightful Shelburne property. Set on a 6,700 sq/ft lot, this thoughtfully updated mini home offers incredible flexibility; live in it, rent it, or do both! Inside, you’ll find fresh finishes, modern updates, and plenty of natural light.

C$164900

Residential For Sale

94 Commission Street, Sandy Point, NS B0T 1W0

Listing courtesy of Royal LePage Atlantic (Dartmouth)

3Bedroom(s)

1Bathroom(s)

C$164900

Residential For Sale

92 Hall Road, South Greenwood, NS B0P 1R0

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

40Picture(s)

2,415Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$515000

Residential For Sale

92 Hall Road, South Greenwood, NS B0P 1R0

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,415Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Welcome to this charming property offering space, comfort, and country appeal just minutes from CFB Greenwood and local amenities. Situated on 2.12 acres, this home provides the perfect blend of privacy and convenience. Inside, you’ll find an open living & dining room that flows into the thoughtfully panned kitchen with ample cupboard space, sure to be the hub of the home.

C$515000

Residential For Sale

92 Hall Road, South Greenwood, NS B0P 1R0

Listing courtesy of Royal LePage Atlantic (Greenwood)

3Bedroom(s)

3Bathroom(s)

C$515000

Residential For Sale

217 Main Street, Springhill, NS B0M 1X0

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

47Picture(s)

920Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$209900

Residential For Sale

217 Main Street, Springhill, NS B0M 1X0

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

920Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

UPDATED AND COZY HOME WITH GARAGE AND HOT TUB! This charming 2-bedroom, 1.

C$209900

Residential For Sale

217 Main Street, Springhill, NS B0M 1X0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

2Bedroom(s)

2Bathroom(s)

C$209900

Residential For Sale

37 Sherbrooke Drive, Halifax, NS B3M 1P5

More Details

6Bedroom(s)

2Bathroom(s)

CarportParking(s)

39Picture(s)

1,470Sqft

Listing courtesy of Royal LePage Atlantic

C$674900

Residential For Sale

37 Sherbrooke Drive, Halifax, NS B3M 1P5

6Bedroom(s)

2Bathroom(s)

CarportParking(s)

1,470Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 37 Sherbrooke Drive, located on a quiet street in the heart of Rockingham. This spacious and versatile 6-bedroom, 2-bathroom bungalow offers a rare blend of comfort, functionality, and convenience, ideal for families, investors, or anyone seeking flexible living space close to everything.

C$674900

Residential For Sale

37 Sherbrooke Drive, Halifax, NS B3M 1P5

Listing courtesy of Royal LePage Atlantic

6Bedroom(s)

2Bathroom(s)

C$674900

Residential For Sale

873 Loch Broom Loop Road, Loch Broom, NS B0K 2A0

More Details

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

36Picture(s)

832Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

C$329000

Residential For Sale

873 Loch Broom Loop Road, Loch Broom, NS B0K 2A0

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

832Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

Welcome to 873 Loch Broom Loop Road! Located in the quiet community of Loch Broom, Just a short drive from the Town of Pictou, TCH, and local amenities. This 7-year-old bungalow offers the perfect blend of privacy and convenience. Set back on a 2.66-acre lot surrounded by trees, This home provides complete privacy, a peaceful country setting with plenty of space to relax and enjoy nature.

C$329000

Residential For Sale

873 Loch Broom Loop Road, Loch Broom, NS B0K 2A0

Listing courtesy of Royal LePage Atlantic(Stellarton)

2Bedroom(s)

1Bathroom(s)

C$329000

Residential For Sale

8793 Highway 1, Meteghan River, NS B0W 2K0

More Details

5Bedroom(s)

2Bathroom(s)

AttachedParking(s)

37Picture(s)

2,800Sqft

Listing courtesy of Avalon Realty

C$375000

Residential For Sale

8793 Highway 1, Meteghan River, NS B0W 2K0

5Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,800Sqft

Listing courtesy of Avalon Realty

Built in 1885 and lovingly maintained, this beautifully preserved home blends timeless character with modern updates. The spacious kitchen is the heart of the home, featuring solid oak cabinetry, granite countertops, and a convenient recycling chute. A sunroom offers views of St. Mary’s Bay, while the adjoining summer kitchen provides extra space for seasonal cooking.

C$375000

Residential For Sale

8793 Highway 1, Meteghan River, NS B0W 2K0

Listing courtesy of Avalon Realty

5Bedroom(s)

2Bathroom(s)

C$375000

Residential For Sale

17600 & 17604 Highway 103, Italy Cross, NS B4V 0L1

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

44Picture(s)

1,090Sqft

Listing courtesy of EXIT Realty Inter Lake

C$499900

Residential For Sale

17600 & 17604 Highway 103, Italy Cross, NS B4V 0L1

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,090Sqft

Listing courtesy of EXIT Realty Inter Lake

Opportunity awaits for all Buyers with this incredible and well maintained property offering 2 Homes including a meticulously maintained 2 Bedroom bungalow, a well maintained 2 Bedroom (could be turned back into 3 beds) Mini Home, a detached and wired 2 car Garage, a Workshop, a Barn, and a total of 3.48 Acres of prime Real Estate! If you have driven by it...

C$499900

Residential For Sale

17600 & 17604 Highway 103, Italy Cross, NS B4V 0L1

Listing courtesy of EXIT Realty Inter Lake

2Bedroom(s)

1Bathroom(s)

C$499900

Residential For Sale

52 Wolfe Street, Liverpool, NS B0T 1K0

More Details

1Bedroom(s)

1Bathroom(s)

SingleParking(s)

23Picture(s)

336Sqft

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

C$199000

Residential For Sale

52 Wolfe Street, Liverpool, NS B0T 1K0

1Bedroom(s)

1Bathroom(s)

SingleParking(s)

336Sqft

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

This 2018-build 24 x 14 tiny house on a corner lot in Liverpool shows like new and is move-in ready. Vaulted ceiling, garden door and lots of windows make for an open and airy space.

C$199000

Residential For Sale

52 Wolfe Street, Liverpool, NS B0T 1K0

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

1Bedroom(s)

1Bathroom(s)

C$199000

Residential For Sale

52 Freshwater Trail, Dartmouth, NS B2W 0A5

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

3,745Sqft

Listing courtesy of Exit Realty Metro

C$1285000

Residential For Sale

52 Freshwater Trail, Dartmouth, NS B2W 0A5

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,745Sqft

Listing courtesy of Exit Realty Metro

Welcome to 52 Freshwater Trail, a pristinely maintained 5-bedroom, 3.5-bath waterfront property that offers the perfect blend of luxury, comfort and convenience. Step inside and experience 9-foot ceilings and a stunning vaulted living space that fills the home with natural light with an open concept perfect for family living.

C$1285000

Residential For Sale

52 Freshwater Trail, Dartmouth, NS B2W 0A5

Listing courtesy of Exit Realty Metro

5Bedroom(s)

4Bathroom(s)

C$1285000

4284 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

30 Wardour Street, Bedford, NS B4A 2H9

Residential For Sale

Residential For Sale

Residential For Sale

11 Brynlees Lane, Mabou, NS B0E 1X0

Residential For Sale

Residential For Sale

Residential For Sale

2313 Davidson Street, Forest Hill, NS B4P 2R1

Residential For Sale

Residential For Sale

Residential For Sale

94 Commission Street, Sandy Point, NS B0T 1W0

Residential For Sale

Residential For Sale

Residential For Sale

92 Hall Road, South Greenwood, NS B0P 1R0

Residential For Sale

Residential For Sale

Residential For Sale

217 Main Street, Springhill, NS B0M 1X0

Residential For Sale

Residential For Sale

Residential For Sale

37 Sherbrooke Drive, Halifax, NS B3M 1P5

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.