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

20 Birds Eye View Lane, North Grant, NS B2G 2L1

More Details

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

33Picture(s)

3,400Sqft

Listing courtesy of PG Direct Realty Ltd.

C$950000

Residential For Sale

20 Birds Eye View Lane, North Grant, NS B2G 2L1

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

3,400Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Built in 2022, this stunning executive chalet-style home offers over 3,400 sq. ft. of luxurious living space and is sure to impress! Featuring expansive windows, 13-ft cathedral ceilings, a stone fireplace, custom lighting, pine board ceilings, and high-end finishes throughout. Professionally appraised and priced accordingly.

C$950000

Residential For Sale

20 Birds Eye View Lane, North Grant, NS B2G 2L1

Listing courtesy of PG Direct Realty Ltd.

4Bedroom(s)

3Bathroom(s)

C$950000

Residential For Sale

18 Earleton Avenue, Dartmouth, NS B2Y 2A7

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

41Picture(s)

800Sqft

Listing courtesy of RE/MAX Nova

C$229000

Residential For Sale

18 Earleton Avenue, Dartmouth, NS B2Y 2A7

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

800Sqft

Listing courtesy of RE/MAX Nova

Turnkey renovated mini home in Maple Ridge Estates! This 3 bedroom, 1 full bathroom home has been completely overhauled and offers an excellent opportunity for first time home buyers looking for an affordable move-in ready option.

C$229000

Residential For Sale

18 Earleton Avenue, Dartmouth, NS B2Y 2A7

Listing courtesy of RE/MAX Nova

3Bedroom(s)

1Bathroom(s)

C$229000

Residential For Sale

321 Beeches Rd, Pictou, NS B2H 5C7

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

25Picture(s)

1,652Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

C$598500

Residential For Sale

321 Beeches Rd, Pictou, NS B2H 5C7

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,652Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

Discover the Newest Waterfront Condo Development in Historic Pictou, Nova Scotia Introducing the Bellville Condos — a modern waterfront community built by a respected local builder known for quality craftsmanship. Each newly constructed unit offers two bedrooms, two full bathrooms, and a thoughtful layout featuring premium finishes throughout.

C$598500

Residential For Sale

321 Beeches Rd, Pictou, NS B2H 5C7

Listing courtesy of Royal LePage Atlantic(Stellarton)

2Bedroom(s)

2Bathroom(s)

C$598500

Residential For Sale

1703-72 Seapoint Road, Dartmouth, NS B3B 0R8

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

37Picture(s)

1,658Sqft

Listing courtesy of Exit Realty Metro

C$990000

Residential For Sale

1703-72 Seapoint Road, Dartmouth, NS B3B 0R8

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,658Sqft

Listing courtesy of Exit Realty Metro

Welcome to Penthouse 1703 at Seapoint Condos, where luxury meets the sea! Perched atop one of Dartmouth’s most coveted waterfront addresses, this fully furnished 2-bedroom + den residence offers 1,658 square feet of refined living and a spectacular 588 square foot terrace overlooking the Bedford Basin.

C$990000

Residential For Sale

1703-72 Seapoint Road, Dartmouth, NS B3B 0R8

Listing courtesy of Exit Realty Metro

2Bedroom(s)

2Bathroom(s)

C$990000

Residential For Sale

59 Mcfarlane Street, Springhill, NS B0M 1X0

More Details

1Bedroom(s)

1Bathroom(s)

No GarageParking(s)

29Picture(s)

816Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$119000

Residential For Sale

59 Mcfarlane Street, Springhill, NS B0M 1X0

1Bedroom(s)

1Bathroom(s)

No GarageParking(s)

816Sqft

Listing courtesy of Coldwell Banker Performance Realty

Affordable Fixer-Upper with Great Potential! This 1-bedroom, 1-bath bungalow is the perfect opportunity for someone looking building equity and make a home their own. Situated on a quiet street close to all amenities, this property offers great bones and a solid layout.

C$119000

Residential For Sale

59 Mcfarlane Street, Springhill, NS B0M 1X0

Listing courtesy of Coldwell Banker Performance Realty

1Bedroom(s)

1Bathroom(s)

C$119000

Residential For Sale

410-64 Cumberland Drive, Cole Harbour, NS B2V 2C7

More Details

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

33Picture(s)

1,050Sqft

Listing courtesy of Keller Williams Select Realty

C$374900

Residential For Sale

410-64 Cumberland Drive, Cole Harbour, NS B2V 2C7

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,050Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to 410-64 Cumberland Drive, a bright and spacious top-floor corner condo unit that combines comfort, convenience, and style. This 2 bedroom, 1.5 bath unit offers an open-concept living and dining area filled with natural light, a functional kitchen with all appliances, and an updated main bath featuring a custom walk-in shower.

C$374900

Residential For Sale

410-64 Cumberland Drive, Cole Harbour, NS B2V 2C7

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

2Bathroom(s)

C$374900

Residential For Sale

1119 Neily Crescent, Greenwood, NS B0P 1R0

More Details

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

39Picture(s)

2,100Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$240000

Residential For Sale

1119 Neily Crescent, Greenwood, NS B0P 1R0

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

2,100Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Discover the potential in this 4 bedroom, 1 bath bungalow located in the heart of Greenwood, NS! Perfectly situated within walking distance to all amenities, schools, parks, and playgrounds in a safe, family-friendly neighborhood. Sitting on a spacious lot, this affordable home is an excellent opportunity for first-time buyers or investors alike.

C$240000

Residential For Sale

1119 Neily Crescent, Greenwood, NS B0P 1R0

Listing courtesy of Royal LePage Atlantic (Greenwood)

4Bedroom(s)

1Bathroom(s)

C$240000

Residential For Sale

7 Laurelcrest Drive, Eastern Passage, NS B3G 1N3

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

19Picture(s)

1,422Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$399900

Residential For Sale

7 Laurelcrest Drive, Eastern Passage, NS B3G 1N3

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,422Sqft

Listing courtesy of RE/MAX Nova (Halifax)

This bright and welcoming 3-bedroom, 1.5-bath semi-detached home is located in a quiet, family-friendly neighborhood just minutes from the ocean and Fisherman’s Cove. Enjoy a relaxed coastal lifestyle with quick access to Halifax’s amenities and the airport. A double paved driveway leads to a fully fenced backyard with a 14x10 deck, perfect for relaxing or entertaining in privacy.

C$399900

Residential For Sale

7 Laurelcrest Drive, Eastern Passage, NS B3G 1N3

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

2Bathroom(s)

C$399900

Residential For Sale

85 Knickle Road, Lunenburg, NS B0J 2C0

More Details

4Bedroom(s)

3Bathroom(s)

GarageParking(s)

45Picture(s)

2,230Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$500000

Residential For Sale

85 Knickle Road, Lunenburg, NS B0J 2C0

4Bedroom(s)

3Bathroom(s)

GarageParking(s)

2,230Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to 85 Knickle Road in picturesque Lunenburg, a beautifully maintained 4-bedroom, 2.5-bath home offering the perfect mix of warmth, comfort, and convenience.

C$500000

Residential For Sale

85 Knickle Road, Lunenburg, NS B0J 2C0

Listing courtesy of Royal LePage Atlantic (Dartmouth)

4Bedroom(s)

3Bathroom(s)

C$500000

Residential For Sale

54 Maclaughlin Road, Westphal, NS B2W 3R9

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

45Picture(s)

2,406Sqft

Listing courtesy of Century 21 Optimum Realty

C$399000

Residential For Sale

54 Maclaughlin Road, Westphal, NS B2W 3R9

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,406Sqft

Listing courtesy of Century 21 Optimum Realty

54 MacLaughlin Road LOCATION LOCATION QUIET COUNTRY LIVING IN THE CITY YOU WILL BE AMAZED WITH THE AREA!!! WORK TO DO ,THE STRUCTURE IS GOOD BUT NEEDS EXTERIOR WORK , THE FACADE IN FRONT, DECKS, INTERIOR DRYWALL, SOME PLUMBING AND PAINTING ....Perfect for SOMEONE WHO WANTS TO ROLL UP YOUR SLEEVES, INVEST TIME AND MONEY with TREMENDOUS POTENTIAL FOR THE RIGH BUYER.

C$399000

Residential For Sale

54 Maclaughlin Road, Westphal, NS B2W 3R9

Listing courtesy of Century 21 Optimum Realty

3Bedroom(s)

2Bathroom(s)

C$399000

Residential For Sale

187 Hartz Point Road, Shelburne, NS B0T 1W0

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

39Picture(s)

3,024Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$469000

Residential For Sale

187 Hartz Point Road, Shelburne, NS B0T 1W0

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

3,024Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Virtual Open House available on YouTube -Offering a stunning harbour-view property set on 5+ acres of elevated land, just minutes from Shelburne and Nova Scotia’s famous white sand beaches. Blending modern comfort with country charm, this versatile property is perfect for families, investors, or nature lovers.

C$469000

Residential For Sale

187 Hartz Point Road, Shelburne, NS B0T 1W0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

4Bedroom(s)

2Bathroom(s)

C$469000

Residential For Sale

50 Spence Drive, Cole Harbour, NS B2V 1W5

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

43Picture(s)

2,298Sqft

Listing courtesy of RE/MAX Nova

C$589900

Residential For Sale

50 Spence Drive, Cole Harbour, NS B2V 1W5

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,298Sqft

Listing courtesy of RE/MAX Nova

Welcome to 50 Spence Drive! This wonderful 3-bedroom, 2.5-bath side split home is the perfect place to call your own! Located in a family-friendly area close to great schools and all essential amenities, this property has been beautifully updated and well cared for over the years. Step inside and you’ll immediately notice the thoughtful upgrades throughout.

C$589900

Residential For Sale

50 Spence Drive, Cole Harbour, NS B2V 1W5

Listing courtesy of RE/MAX Nova

3Bedroom(s)

3Bathroom(s)

C$589900

4290 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

20 Birds Eye View Lane, North Grant, NS B2G 2L1

Residential For Sale

Residential For Sale

Residential For Sale

18 Earleton Avenue, Dartmouth, NS B2Y 2A7

Residential For Sale

Residential For Sale

Residential For Sale

321 Beeches Rd, Pictou, NS B2H 5C7

Residential For Sale

Residential For Sale

Residential For Sale

1703-72 Seapoint Road, Dartmouth, NS B3B 0R8

Residential For Sale

Residential For Sale

Residential For Sale

59 Mcfarlane Street, Springhill, NS B0M 1X0

Residential For Sale

Residential For Sale

Residential For Sale

410-64 Cumberland Drive, Cole Harbour, NS B2V 2C7

Residential For Sale

Residential For Sale

Residential For Sale

1119 Neily Crescent, Greenwood, NS B0P 1R0

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.