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

100 Knotwood Lane Lot 5063, Middle Sackville, NS B4E 0W7

More Details

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3Picture(s)

2,884Sqft

Listing courtesy of Sutton Group Professional Realty

C$1199900

Residential For Sale

100 Knotwood Lane Lot 5063, Middle Sackville, NS B4E 0W7

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,884Sqft

Listing courtesy of Sutton Group Professional Realty

Marchand Homes – The Montana. Located in the highly desirable community of Indigo Shores, this lakefront property on Drain Lake offers privacy, nature, and convenience—just minutes from highway access, close to amenities, and only 25 minutes to Downtown Halifax. Sitting on 4.

C$1199900

Residential For Sale

100 Knotwood Lane Lot 5063, Middle Sackville, NS B4E 0W7

Listing courtesy of Sutton Group Professional Realty

5Bedroom(s)

3Bathroom(s)

C$1199900

Residential For Sale

2693 Sackville Drive, Upper Sackville, NS B4E 3C3

More Details

5Bedroom(s)

2Bathroom(s)

Circular DrivewayParking(s)

37Picture(s)

1,792Sqft

Listing courtesy of Exit Real Estate Professionals

C$549900

Residential For Sale

2693 Sackville Drive, Upper Sackville, NS B4E 3C3

5Bedroom(s)

2Bathroom(s)

Circular DrivewayParking(s)

1,792Sqft

Listing courtesy of Exit Real Estate Professionals

Welcome to 2693 and 2695 Sackville Drive. This home was in the middle of transitioning to an secondary suite but can easily be switched back to a duplex. Or a buyer could continue with the changes to make it a one family home or a home with a secondary suite! The potential is endless. The main floor of this home offers 2 Bedroom, 4 pc bath, kitchen, living room, dining room and laundry.

C$549900

Residential For Sale

2693 Sackville Drive, Upper Sackville, NS B4E 3C3

Listing courtesy of Exit Real Estate Professionals

5Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

157 Lake Road, Glace Bay, NS B1A 2G8

More Details

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

40Picture(s)

1,365Sqft

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

C$379000

Residential For Sale

157 Lake Road, Glace Bay, NS B1A 2G8

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,365Sqft

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

Welcome to your dream home at 157 Lake Road, a remarkable 4-bedroom, 1.5-bathroom property nestled on the serene outskirts of Glace Bay. This spacious residence has undergone a complete transformation over the past three years, ensuring that every corner of the home reflects modern elegance and comfort.

C$379000

Residential For Sale

157 Lake Road, Glace Bay, NS B1A 2G8

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

4Bedroom(s)

2Bathroom(s)

C$379000

Residential For Sale

14019 Highway 1, Hants Border, NS B0P 1P0

More Details

5Bedroom(s)

2Bathroom(s)

DetachedParking(s)

50Picture(s)

3,670Sqft

Listing courtesy of Exit Realty Town & Country

C$599900

Residential For Sale

14019 Highway 1, Hants Border, NS B0P 1P0

5Bedroom(s)

2Bathroom(s)

DetachedParking(s)

3,670Sqft

Listing courtesy of Exit Realty Town & Country

Set on the edge of Hantsport and just minutes from Wolfville, local wineries, beaches, and Ski Martock, this spacious 5-bedroom, 2-bathroom home offers the scale, layout, and flexibility increasingly sought after for multigenerational living or an owner-occupied bed-and-breakfast lifestyle.

C$599900

Residential For Sale

14019 Highway 1, Hants Border, NS B0P 1P0

Listing courtesy of Exit Realty Town & Country

5Bedroom(s)

2Bathroom(s)

C$599900

Residential For Sale

7 Londra Court, Dartmouth, NS B2W 5A5

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

39Picture(s)

1,394Sqft

Listing courtesy of Sutton Group Professional Realty

C$390000

Residential For Sale

7 Londra Court, Dartmouth, NS B2W 5A5

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,394Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to 7 Londra Court, a fantastic opportunity to get into a great Woodlawn neighbourhood. This 2-level semi-detached home features a functional layout and is move-in ready. The upper level offers a bright and open living and dining area that leads to the kitchen at the back, plus a handy main-level bedroom or den and an updated powder room.

C$390000

Residential For Sale

7 Londra Court, Dartmouth, NS B2W 5A5

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

2Bathroom(s)

C$390000

Residential For Sale

38 Rogers Drive, Lower South River, NS B2G 0E7

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

23Picture(s)

1,024Sqft

Listing courtesy of Hants Realty Ltd.

C$209900

Residential For Sale

38 Rogers Drive, Lower South River, NS B2G 0E7

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,024Sqft

Listing courtesy of Hants Realty Ltd.

Discover modern comfort and efficient design in this beautifully crafted 3-bedroom, 2-bath home, built on site around two years ago and engineered so it can be relocated in the future if desired (engineered drawings available).

C$209900

Residential For Sale

38 Rogers Drive, Lower South River, NS B2G 0E7

Listing courtesy of Hants Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$209900

Residential For Sale

2307 Old Church Street, Westville, NS B0K 2A0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

35Picture(s)

818Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$160000

Residential For Sale

2307 Old Church Street, Westville, NS B0K 2A0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

818Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Welcome to an exceptional and rare opportunity in Westville, Nova Scotia, presenting a meticulously renovated one and a half story home that is truly ready for its next owner. This property boasts three comfortable sized bedrooms and one perfectly updated full bathroom, this one is ideal for first time buyers, or professionals.

C$160000

Residential For Sale

2307 Old Church Street, Westville, NS B0K 2A0

Listing courtesy of Royal LePage Atlantic (New Minas)

3Bedroom(s)

1Bathroom(s)

C$160000

Residential For Sale

21 Andys Avenue, Bible Hill, NS B2N 2W9

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

12Picture(s)

672Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$149900

Residential For Sale

21 Andys Avenue, Bible Hill, NS B2N 2W9

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

672Sqft

Listing courtesy of Royal LePage Truro Real Estate

Well kept 2 bedroom, 1 bathroom mini home in Bible Hill Estates offers a comfortable, efficient layout. Prior to the current owner’s purchase in 2022, the home saw extensive updates, giving it a refreshed, move-in-ready feel without the worry of major projects - and after only a few years in the home, the building still has that updated feel.

C$149900

Residential For Sale

21 Andys Avenue, Bible Hill, NS B2N 2W9

Listing courtesy of Royal LePage Truro Real Estate

2Bedroom(s)

1Bathroom(s)

C$149900

Residential For Sale

990 Mary Avenue, Centreville, NS B0P 1J0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

48Picture(s)

1,554Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$399000

Residential For Sale

990 Mary Avenue, Centreville, NS B0P 1J0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,554Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Welcome to 990 Mary Avenue, a well-maintained 3-bedroom, 1.5-bath bungalow located on a desirable, mature lot in the heart of Centreville. This move-in-ready home features fresh paint throughout, a bright kitchen with ample maple cabinetry, a dining area, and a welcoming living room highlighted by cathedral ceilings and rich hardwood flooring.

C$399000

Residential For Sale

990 Mary Avenue, Centreville, NS B0P 1J0

Listing courtesy of Royal LePage Atlantic (New Minas)

3Bedroom(s)

2Bathroom(s)

C$399000

Residential For Sale

822 Cleveland Road, Windermere, NS B0P 1E0

More Details

2Bedroom(s)

3Bathroom(s)

AttachedParking(s)

43Picture(s)

2,800Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$1247000

Residential For Sale

822 Cleveland Road, Windermere, NS B0P 1E0

2Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,800Sqft

Listing courtesy of EXP Realty of Canada Inc.

Discover country living at its finest in this beautiful 2-bedroom, 2½-bath home set on 15 private acres in peaceful Windermere. 2,800 sq ft of living space, this spacious,light-filled home designed for both comfort and entertaining,kitchen is a chefs dream with tons of counter and cupboard space walk-in pantry,an attached garage for year-round convenience.

C$1247000

Residential For Sale

822 Cleveland Road, Windermere, NS B0P 1E0

Listing courtesy of EXP Realty of Canada Inc.

2Bedroom(s)

3Bathroom(s)

C$1247000

Residential For Sale

12 Belvedere Drive, Lower Sackville, NS B4C 2M1

More Details

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

26Picture(s)

1,259Sqft

Listing courtesy of Keller Williams Select Realty

C$449900

Residential For Sale

12 Belvedere Drive, Lower Sackville, NS B4C 2M1

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,259Sqft

Listing courtesy of Keller Williams Select Realty

This is a great chance to snag an affordable detached home in Lower Sackville for under $450,000!! It comes with a paved driveway, a large shed, and a great-sized 0.15 acre lot on a quiet cul-de-sac.

C$449900

Residential For Sale

12 Belvedere Drive, Lower Sackville, NS B4C 2M1

Listing courtesy of Keller Williams Select Realty

4Bedroom(s)

2Bathroom(s)

C$449900

Residential For Sale

5 Sam Crescent, Elmsdale, NS B2S 0G9

More Details

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

50Picture(s)

2,187Sqft

Listing courtesy of Keller Williams Select Realty

C$549000

Residential For Sale

5 Sam Crescent, Elmsdale, NS B2S 0G9

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,187Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to 5 Sam Crescent — a bright and modern home in the heart of Elmsdale, just three years young and kept with real care. This is the kind of home that feels easy to live in from the moment you walk in the door.

C$549000

Residential For Sale

5 Sam Crescent, Elmsdale, NS B2S 0G9

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

4Bathroom(s)

C$549000

3355 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

100 Knotwood Lane Lot 5063, Middle Sackville, NS B4E 0W7

Residential For Sale

Residential For Sale

Residential For Sale

2693 Sackville Drive, Upper Sackville, NS B4E 3C3

Residential For Sale

Residential For Sale

Residential For Sale

157 Lake Road, Glace Bay, NS B1A 2G8

Residential For Sale

Residential For Sale

Residential For Sale

14019 Highway 1, Hants Border, NS B0P 1P0

Residential For Sale

Residential For Sale

Residential For Sale

7 Londra Court, Dartmouth, NS B2W 5A5

Residential For Sale

Residential For Sale

Residential For Sale

38 Rogers Drive, Lower South River, NS B2G 0E7

Residential For Sale

Residential For Sale

Residential For Sale

2307 Old Church Street, Westville, NS B0K 2A0

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.