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

525 Main Street, Kentville, NS B4N 1L4

More Details

7Bedroom(s)

3Bathroom(s)

DetachedParking(s)

49Picture(s)

4,040Sqft

Listing courtesy of Exit Realty Town & Country

C$449900

Residential For Sale

525 Main Street, Kentville, NS B4N 1L4

7Bedroom(s)

3Bathroom(s)

DetachedParking(s)

4,040Sqft

Listing courtesy of Exit Realty Town & Country

Step into history with this enchanting circa 1885 century home, a beautifully preserved treasure that seamlessly blends vintage character with contemporary comfort. Once owned by an antique dealer, this residence has been lovingly maintained and thoughtfully updated by its current owners—ready to welcome its next chapter.

C$449900

Residential For Sale

525 Main Street, Kentville, NS B4N 1L4

Listing courtesy of Exit Realty Town & Country

7Bedroom(s)

3Bathroom(s)

C$449900

Residential For Sale

8030 Highway 14, Brooklyn, NS B0N 2A0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

43Picture(s)

1,023Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

C$399900

Residential For Sale

8030 Highway 14, Brooklyn, NS B0N 2A0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,023Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

Welcome to your newly transformed home in the heart of Brooklyn — a stunning property that has seen a complete facelift inside and out. Every detail has been thoughtfully updated to offer comfort, efficiency, and modern living at its finest.

C$399900

Residential For Sale

8030 Highway 14, Brooklyn, NS B0N 2A0

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

3Bedroom(s)

1Bathroom(s)

C$399900

Residential For Sale

42 King Grove Road, Millville, NS B1Y 2B9

More Details

4Bedroom(s)

1Bathroom(s)

DetachedParking(s)

28Picture(s)

1,396Sqft

Listing courtesy of Royal Lepage Anchor Realty(North Sydney)

C$279900

Residential For Sale

42 King Grove Road, Millville, NS B1Y 2B9

4Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,396Sqft

Listing courtesy of Royal Lepage Anchor Realty(North Sydney)

42 King Grove Road, Millville — Country Living at Its Best! Enjoy the peace and privacy of country living on this beautiful 1.1-acre property. This charming 3-bedroom bungalow offers plenty of recent updates, including a renovated kitchen and living area that now feature an inviting open-concept design, perfect for family living or entertaining.

C$279900

Residential For Sale

42 King Grove Road, Millville, NS B1Y 2B9

Listing courtesy of Royal Lepage Anchor Realty(North Sydney)

4Bedroom(s)

1Bathroom(s)

C$279900

Residential For Sale

3 Brookdale Crescent, Liverpool, NS B0T 1K0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

14Picture(s)

693Sqft

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

C$179900

Residential For Sale

3 Brookdale Crescent, Liverpool, NS B0T 1K0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

693Sqft

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

Looking for the perfect starter home or a comfortable place to downsize? This affordable two-bedroom property offers charm, convenience, and low-maintenance living in a wonderful family-friendly neighbourhood. Inside, you’ll find beautiful hardwood floors throughout most of the home, adding warmth and character.

C$179900

Residential For Sale

3 Brookdale Crescent, Liverpool, NS B0T 1K0

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

2Bedroom(s)

1Bathroom(s)

C$179900

Residential For Sale

79 Waterloo Street, Liverpool, NS B0T 1K0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

35Picture(s)

2,080Sqft

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

C$499950

Residential For Sale

79 Waterloo Street, Liverpool, NS B0T 1K0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,080Sqft

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

Welcome to this stunning century home, perfectly situated on a quiet street in one of Liverpool’s most sought-after neighbourhoods. This gorgeous property blends timeless charm with modern comfort, offering plenty of space for family living. Step inside and be greeted by the warmth of beautiful hardwood floors that flow throughout the main level.

C$499950

Residential For Sale

79 Waterloo Street, Liverpool, NS B0T 1K0

Listing courtesy of EXIT Realty Inter Lake (Liverpool)

3Bedroom(s)

2Bathroom(s)

C$499950

Residential For Sale

47 Hampton Green, Cole Harbour, NS B2V 1Y4

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

41Picture(s)

2,017Sqft

Listing courtesy of Royal LePage Atlantic

C$569000

Residential For Sale

47 Hampton Green, Cole Harbour, NS B2V 1Y4

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,017Sqft

Listing courtesy of Royal LePage Atlantic

If you’ve been dreaming of a place where your kids can pick strawberries from the backyard, walk to school, and grow up with the kind of neighbours who become family — welcome home.

C$569000

Residential For Sale

47 Hampton Green, Cole Harbour, NS B2V 1Y4

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

2Bathroom(s)

C$569000

Residential For Sale

15 Laurier Street, Dartmouth, NS B3A 2G6

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

44Picture(s)

1,664Sqft

Listing courtesy of Harbourside Realty Ltd.

C$589900

Residential For Sale

15 Laurier Street, Dartmouth, NS B3A 2G6

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,664Sqft

Listing courtesy of Harbourside Realty Ltd.

Located just off Woodland Ave with easy access to the Bridges, Burnside and Dartmouth Crossing, this 3 bedroom family home can provide a great spot for Buyers. Enjoy a spacious living room with hardwood floors and a fireplace, updated 5 pc bath on the main level. The basement has a rec room with 1/2 bath and a great mudroom area near the laundry the perfect spot for school bags and sports gear.

C$589900

Residential For Sale

15 Laurier Street, Dartmouth, NS B3A 2G6

Listing courtesy of Harbourside Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$589900

Residential For Sale

137-9 Forest Hills Parkway, Cole Harbour, NS B2W 0M5

More Details

2Bedroom(s)

2Bathroom(s)

CarportParking(s)

30Picture(s)

985Sqft

Listing courtesy of Press Realty Inc.

C$349900

Residential For Sale

137-9 Forest Hills Parkway, Cole Harbour, NS B2W 0M5

2Bedroom(s)

2Bathroom(s)

CarportParking(s)

985Sqft

Listing courtesy of Press Realty Inc.

Welcome to unit 137 at Woodbridge Court Condominiums, a beautifully updated 2-bedroom, 1.5-bath condo offering comfort and convenience in a prime location. Situated on the ground floor, this unit is fully accessible with no stairs required, providing effortless entry for all ages and mobility levels.

C$349900

Residential For Sale

137-9 Forest Hills Parkway, Cole Harbour, NS B2W 0M5

Listing courtesy of Press Realty Inc.

2Bedroom(s)

2Bathroom(s)

C$349900

Residential For Sale

916 Young Avenue, Halifax, NS B3H 2W1

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

4,394Sqft

Listing courtesy of Royal LePage Atlantic

C$2395000

Residential For Sale

916 Young Avenue, Halifax, NS B3H 2W1

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,394Sqft

Listing courtesy of Royal LePage Atlantic

Impeccably renovated and updated this large two-storey home boasting almost 4400 square feet of elegant living space is located in Halifax's most prestigious residential neighborhood. It features a grand entrance foyer with a stunning circular oak staircase leading to the second floor.

C$2395000

Residential For Sale

916 Young Avenue, Halifax, NS B3H 2W1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$2395000

Residential For Sale

58 Oak St, Pictou, NS B0K 1H0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

19Picture(s)

960Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

C$290000

Residential For Sale

58 Oak St, Pictou, NS B0K 1H0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

960Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

Modern Comfort • Smart Design • Small-Town Charm Welcome to your brand-new home in the heart of historic Pictou, Nova Scotia This 960 sq. ft. two-bedroom slab-on-grade build combines thoughtful craftsmanship with energy-efficient design — perfect for first-time buyers downsizers, or anyone seeking low-maintenance living without compromise.

C$290000

Residential For Sale

58 Oak St, Pictou, NS B0K 1H0

Listing courtesy of Royal LePage Atlantic(Stellarton)

2Bedroom(s)

1Bathroom(s)

C$290000

Residential For Sale

56 Holic Avenue, North Sydney, NS B2A 3R8

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

41Picture(s)

2,000Sqft

Listing courtesy of 3% Realty Nova Scotia

C$379000

Residential For Sale

56 Holic Avenue, North Sydney, NS B2A 3R8

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,000Sqft

Listing courtesy of 3% Realty Nova Scotia

Location, Location, Location! Welcome to 56 Holic Avenue, a well-maintained 3-bedroom, 2-bathroom home perfectly situated in one of North Sydney’s most desirable neighborhoods. This charming property offers a comfortable and energy-efficient lifestyle with two ductless heat pumps, electric baseboard heating, and the cozy ambiance of a pellet stove for those chilly Cape Breton winters.

C$379000

Residential For Sale

56 Holic Avenue, North Sydney, NS B2A 3R8

Listing courtesy of 3% Realty Nova Scotia

3Bedroom(s)

2Bathroom(s)

C$379000

Residential For Sale

503 Macdonald Street, New Glasgow, NS B2H 2W3

More Details

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

26Picture(s)

1,400Sqft

Listing courtesy of RE/MAX Nova

C$179000

Residential For Sale

503 Macdonald Street, New Glasgow, NS B2H 2W3

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,400Sqft

Listing courtesy of RE/MAX Nova

Welcome to 503 MacDonald Street. With surrounding homes under renovations, this property is poised to continue to maintain the growth and increasing value of the area. New windows throughout, new roof, newly insulated (concrete block) foundation and electrical. Sellers have a thorough camera system in place that can be included with the purchase.

C$179000

Residential For Sale

503 Macdonald Street, New Glasgow, NS B2H 2W3

Listing courtesy of RE/MAX Nova

4Bedroom(s)

1Bathroom(s)

C$179000

4291 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

525 Main Street, Kentville, NS B4N 1L4

Residential For Sale

Residential For Sale

Residential For Sale

8030 Highway 14, Brooklyn, NS B0N 2A0

Residential For Sale

Residential For Sale

Residential For Sale

42 King Grove Road, Millville, NS B1Y 2B9

Residential For Sale

Residential For Sale

Residential For Sale

3 Brookdale Crescent, Liverpool, NS B0T 1K0

Residential For Sale

Residential For Sale

Residential For Sale

79 Waterloo Street, Liverpool, NS B0T 1K0

Residential For Sale

Residential For Sale

Residential For Sale

47 Hampton Green, Cole Harbour, NS B2V 1Y4

Residential For Sale

Residential For Sale

Residential For Sale

15 Laurier Street, Dartmouth, NS B3A 2G6

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.