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

190 Transom Drive, Halifax, NS B3M 4T7

More Details

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

37Picture(s)

2,110Sqft

Listing courtesy of Keller Williams Select Realty

C$589900

Residential For Sale

190 Transom Drive, Halifax, NS B3M 4T7

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,110Sqft

Listing courtesy of Keller Williams Select Realty

This beautifully updated townhouse is located in the highly sought-after Royale Hemlocks community — a quiet, family-friendly neighbourhood. Just 22 minutes to Highway 102 and 1.5 km from the Sobeys and Superstore, this home perfectly combines style, comfort, and convenience. Inside, you’ll find gleaming hardwood floors and a bright open layout.

C$589900

Residential For Sale

190 Transom Drive, Halifax, NS B3M 4T7

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

4Bathroom(s)

C$589900

Residential For Sale

1-1345 Dresden Row, Halifax, NS B3J 2J9

More Details

3Bedroom(s)

2Bathroom(s)

DrivewayParking(s)

33Picture(s)

1,434Sqft

Listing courtesy of Royal LePage Atlantic

C$949900

Residential For Sale

1-1345 Dresden Row, Halifax, NS B3J 2J9

3Bedroom(s)

2Bathroom(s)

DrivewayParking(s)

1,434Sqft

Listing courtesy of Royal LePage Atlantic

This truly is an exceptional and rare find nestled in the heart of the historic Halifax Peninsula. This architecturally designed townhouse condo offers 2-3 bedrooms, one and a half bathrooms, and the highly coveted convenience of a private garage plus two outdoor parking spaces.

C$949900

Residential For Sale

1-1345 Dresden Row, Halifax, NS B3J 2J9

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

2Bathroom(s)

C$949900

Residential For Sale

153 Ravines Drive, Bedford, NS B4A 0A4

More Details

5Bedroom(s)

5Bathroom(s)

DoubleParking(s)

50Picture(s)

3,789Sqft

Listing courtesy of Royal LePage Atlantic

C$1200000

Residential For Sale

153 Ravines Drive, Bedford, NS B4A 0A4

5Bedroom(s)

5Bathroom(s)

DoubleParking(s)

3,789Sqft

Listing courtesy of Royal LePage Atlantic

Beautiful home in one of Halifax’s Most Sought-After Neighbourhoods and School Districts.It’s rare to find a house in this area that combines timeless curb appeal with a completely renovated interior.This elegant 5-bedroom 4.5-bathroom property has been extensively updated to offer a fresh, modern living experience.

C$1200000

Residential For Sale

153 Ravines Drive, Bedford, NS B4A 0A4

Listing courtesy of Royal LePage Atlantic

5Bedroom(s)

5Bathroom(s)

C$1200000

Residential For Sale

89 Lincoln Cross, Halifax, NS B3M 3S6

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

50Picture(s)

2,017Sqft

Listing courtesy of Royal LePage Atlantic

C$559900

Residential For Sale

89 Lincoln Cross, Halifax, NS B3M 3S6

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

2,017Sqft

Listing courtesy of Royal LePage Atlantic

Set in the prestigious Sheffield on the Park neighbourhood of Clayton Park, this three-level townhome set the standard when it was first crafted - and still does today. The classic brick façade creates a warm first impression, while the small front garden is ideal for the weekend gardener - manageable, welcoming, and easy to enjoy.

C$559900

Residential For Sale

89 Lincoln Cross, Halifax, NS B3M 3S6

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$559900

Residential For Sale

232 Forest Glade Road, Forest Glade, NS B0P 1R0

More Details

GravelParking(s)

27Picture(s)

300Sqft

Listing courtesy of Exit Realty Town & Country

C$169900

Residential For Sale

232 Forest Glade Road, Forest Glade, NS B0P 1R0

GravelParking(s)

300Sqft

Listing courtesy of Exit Realty Town & Country

Looking for an opportunity in the country with the convenience of town not far away? This 5-acre parcel offers the privacy you’re looking for, with the potential to subdivide the land into building lots. There are multiple log outbuildings for any creative use, the main cabin is a 15x20 heated, open-concept space with a 100-amp breaker panel inside.

C$169900

Residential For Sale

232 Forest Glade Road, Forest Glade, NS B0P 1R0

Listing courtesy of Exit Realty Town & Country

C$169900

Residential For Sale

89 Bentwood Crescent, Cambridge, NS B0P 1G0

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

3,351Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$599900

Residential For Sale

89 Bentwood Crescent, Cambridge, NS B0P 1G0

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,351Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

This well-built, meticulously maintained, and tastefully updated home is ready for it's new owners! As you enter the open concept main level, you'll be impressed by the spacious renovated kitchen with high-end appliances, large island, and tons of cupboard space.

C$599900

Residential For Sale

89 Bentwood Crescent, Cambridge, NS B0P 1G0

Listing courtesy of Royal LePage Atlantic (Greenwood)

4Bedroom(s)

4Bathroom(s)

C$599900

Residential For Sale

1003 Lydiard Road, Centreville, NS B0P 1J0

More Details

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

27Picture(s)

923Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$355000

Residential For Sale

1003 Lydiard Road, Centreville, NS B0P 1J0

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

923Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Nestled in a family-friendly community, this charming 3-bedroom, 1-bath home offers comfortable one-level living on a good-sized lot. With just under 1,000 sq. ft. it’s both cozy and energy-efficient. The exterior has been upgraded with rigid insulation beneath the vinyl siding and newer windows, ensuring year-round comfort and efficiency.

C$355000

Residential For Sale

1003 Lydiard Road, Centreville, NS B0P 1J0

Listing courtesy of Royal LePage Atlantic (New Minas)

3Bedroom(s)

1Bathroom(s)

C$355000

Residential For Sale

1369 Coxheath Road, Coxheath, NS B1L 1B3

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

49Picture(s)

3,436Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$649000

Residential For Sale

1369 Coxheath Road, Coxheath, NS B1L 1B3

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,436Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

1369 Coxheath Road is a custom two-storey family home that showcases warmth, craftsmanship, and pride of ownership in one of Cape Breton’s most desirable rural communities — Coxheath. Located near Blackett’s Lake, this property enjoys a picturesque corner lot at Katrina Drive and Coxheath, best of both... privacy and a neighborhood.

C$649000

Residential For Sale

1369 Coxheath Road, Coxheath, NS B1L 1B3

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

3Bedroom(s)

3Bathroom(s)

C$649000

Residential For Sale

5241 Highway 1, Salmon River, NS B5A 5B2

More Details

5Bedroom(s)

2Bathroom(s)

Circular DrivewayParking(s)

30Picture(s)

1,287Sqft

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

C$224000

Residential For Sale

5241 Highway 1, Salmon River, NS B5A 5B2

5Bedroom(s)

2Bathroom(s)

Circular DrivewayParking(s)

1,287Sqft

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

Charming 5-bedroom Acadian Homestead with Ocean Views. Located in the heart of Salmon River, this spacious 5-bedroom, 1.5 bath Acadian-style home offers a blend of original charm ad modern updates. Enjoy stunning ocean views from the second level and the convenience of a circular driveway.

C$224000

Residential For Sale

5241 Highway 1, Salmon River, NS B5A 5B2

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

5Bedroom(s)

2Bathroom(s)

C$224000

Residential For Sale

30 Sylvan Avenue, Middle Sackville, NS B4E 3B2

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

34Picture(s)

896Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$214900

Residential For Sale

30 Sylvan Avenue, Middle Sackville, NS B4E 3B2

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

896Sqft

Listing courtesy of RE/MAX Nova (Halifax)

This lovingly updated Maple Leaf mini home is perfect for first-time buyers or anyone looking to downsize without compromise. Enjoy new flooring and insulation, a beautifully renovated bathroom (2021), and a bright, modern kitchen with new countertops, farmhouse sink, dishwasher, and fridge. The laundry area features extra storage and a new washer (2022).

C$214900

Residential For Sale

30 Sylvan Avenue, Middle Sackville, NS B4E 3B2

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

1Bathroom(s)

C$214900

Residential For Sale

442 Kinsac Road, Kinsac, NS B4G 1C7

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

17Picture(s)

1,970Sqft

Listing courtesy of Red Door Realty

C$599000

Residential For Sale

442 Kinsac Road, Kinsac, NS B4G 1C7

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,970Sqft

Listing courtesy of Red Door Realty

Welcome to Beaver Bank! Move-in-ready split-entry home on an incredible lot, offering space, privacy, and endless potential. This well-maintained property has seen numerous upgrades, including refinished hardwood floors, energy-efficient ductless heat pumps, and a brand-new roof.

C$599000

Residential For Sale

442 Kinsac Road, Kinsac, NS B4G 1C7

Listing courtesy of Red Door Realty

3Bedroom(s)

2Bathroom(s)

C$599000

Residential For Sale

310-7 Jamieson Street, Dartmouth, NS B3A 4L2

More Details

2Bedroom(s)

1Bathroom(s)

AssignedParking(s)

36Picture(s)

710Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$349000

Residential For Sale

310-7 Jamieson Street, Dartmouth, NS B3A 4L2

2Bedroom(s)

1Bathroom(s)

AssignedParking(s)

710Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Harbour-View Condo in Central Dartmouth at an affordable price! Welcome to 310–7 Jamieson Street - a bright and inviting two-bedroom, one-bath condo offering exceptional value and convenience. With 710 sq. ft.

C$349000

Residential For Sale

310-7 Jamieson Street, Dartmouth, NS B3A 4L2

Listing courtesy of Royal LePage Atlantic (Dartmouth)

2Bedroom(s)

1Bathroom(s)

C$349000

4281 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

190 Transom Drive, Halifax, NS B3M 4T7

Residential For Sale

Residential For Sale

Residential For Sale

1-1345 Dresden Row, Halifax, NS B3J 2J9

Residential For Sale

Residential For Sale

Residential For Sale

153 Ravines Drive, Bedford, NS B4A 0A4

Residential For Sale

Residential For Sale

Residential For Sale

89 Lincoln Cross, Halifax, NS B3M 3S6

Residential For Sale

Residential For Sale

Residential For Sale

232 Forest Glade Road, Forest Glade, NS B0P 1R0

Residential For Sale

Residential For Sale

Residential For Sale

89 Bentwood Crescent, Cambridge, NS B0P 1G0

Residential For Sale

Residential For Sale

Residential For Sale

1003 Lydiard Road, Centreville, NS B0P 1J0

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.