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

86 Alabaster Way, Halifax, NS B3P 0C7

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

2,060Sqft

Listing courtesy of Sutton Group Professional Realty

C$709999

Residential For Sale

86 Alabaster Way, Halifax, NS B3P 0C7

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,060Sqft

Listing courtesy of Sutton Group Professional Realty

Rare find Bungalow Backing onto Green Space in Governor's Brook! Welcome to 86 Alabaster Way, a truly unique opportunity in the highly sought-after Governor's Brook community in Halifax. Unlike many of the neighbourhood's tall, narrow homes, this rare 3-bedroom, 2-bathroom bungalow offers spacious main-level living with 9-foot ceilings and a large footprint.

C$709999

Residential For Sale

86 Alabaster Way, Halifax, NS B3P 0C7

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

2Bathroom(s)

C$709999

Residential For Sale

2510 Picken Street, Westville, NS B0K 2A0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

2,500Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$520000

Residential For Sale

2510 Picken Street, Westville, NS B0K 2A0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,500Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Discover an extraordinary bungalow situated on a private, treed acreage with abundant space to roam, flanked by an active brook on two sides. This standout property features a fully finished walk-out basement built with an insulated concrete foundation (ICF), providing durability and comfort.

C$520000

Residential For Sale

2510 Picken Street, Westville, NS B0K 2A0

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

2Bathroom(s)

C$520000

Residential For Sale

25 Morrison Street, Glace Bay, NS B1A 2G7

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

19Picture(s)

1,024Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$155000

Residential For Sale

25 Morrison Street, Glace Bay, NS B1A 2G7

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,024Sqft

Listing courtesy of RE/MAX Park Place Inc.

3 bedroom home extensively renovated in the last 2 years. Renovations include insulation, drywall, wiring, plumbing, flooring, roofing, siding, etc. The right side off the roof was shingled in 2024 and the other in 2020. Flooring consists of new hardwood and vinyl plank. Call your agent today for a viewing.

C$155000

Residential For Sale

25 Morrison Street, Glace Bay, NS B1A 2G7

Listing courtesy of RE/MAX Park Place Inc.

3Bedroom(s)

1Bathroom(s)

C$155000

Residential For Sale

36 Hamshaw Drive, Halifax, NS B3M 2H2

More Details

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

14Picture(s)

900Sqft

Listing courtesy of INNOVATIVE REAL ESTATE LTD - A507

C$394900

Residential For Sale

36 Hamshaw Drive, Halifax, NS B3M 2H2

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

900Sqft

Listing courtesy of INNOVATIVE REAL ESTATE LTD - A507

This unique two bedroom home offers a rare blend of cozy cottage charm and the convenience of urban living. It’s located in quiet community with great amenities. It is located off highway 102 and walking distance to Kearney Lake Beach and numerous walking trails. 10 minute commute to Halifax.

C$394900

Residential For Sale

36 Hamshaw Drive, Halifax, NS B3M 2H2

Listing courtesy of INNOVATIVE REAL ESTATE LTD - A507

2Bedroom(s)

2Bathroom(s)

C$394900

Residential For Sale

3143 Sonora Drive, Sherbrooke, NS B0J 3C0

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

45Picture(s)

2,197Sqft

Listing courtesy of Engel & Volkers

C$589000

Residential For Sale

3143 Sonora Drive, Sherbrooke, NS B0J 3C0

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,197Sqft

Listing courtesy of Engel & Volkers

Discover the perfect blend of comfort, efficiency, and coastal charm with this energy-efficient 2014 ICF-built home, sold fully furnished and ready to enjoy. Featuring three spacious bedrooms, three full bathrooms, a cozy wood stove, and a walk-out basement, this property offers year-round comfort, strength, and sustainability.

C$589000

Residential For Sale

3143 Sonora Drive, Sherbrooke, NS B0J 3C0

Listing courtesy of Engel & Volkers

3Bedroom(s)

3Bathroom(s)

C$589000

Residential For Sale

11 Centennial Drive, Antigonish, NS B2G 2V6

More Details

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

21Picture(s)

1,686Sqft

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

C$484900

Residential For Sale

11 Centennial Drive, Antigonish, NS B2G 2V6

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,686Sqft

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

Centennial Drive is a peaceful, residential street situated close to stores, parks, and walking distance to St. Francis Xavier University, local shops, restaurants, and essential services. The house is a spacious 4-bedroom (potential for large 5th bedroom), 2-bathroom single-family home offering over 1,700 square feet of living space on a landscaped lot with mature trees.

C$484900

Residential For Sale

11 Centennial Drive, Antigonish, NS B2G 2V6

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

4Bedroom(s)

2Bathroom(s)

C$484900

Residential For Sale

11 Shepherd Road, Cowie Hill, NS B3P 2K6

More Details

3Bedroom(s)

1Bathroom(s)

NoneParking(s)

36Picture(s)

900Sqft

Listing courtesy of Royal LePage Atlantic

C$299000

Residential For Sale

11 Shepherd Road, Cowie Hill, NS B3P 2K6

3Bedroom(s)

1Bathroom(s)

NoneParking(s)

900Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 11 Shepherd Road! A bright and inviting 3-bedroom condo offering comfort, convenience, and excellent value. With approximately 900 sq. ft. of living space, this home is perfect for first-time buyers, down sizers, or persons seeking a property in a prime location.

C$299000

Residential For Sale

11 Shepherd Road, Cowie Hill, NS B3P 2K6

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

1Bathroom(s)

C$299000

Residential For Sale

76 Highland Avenue, Wolfville, NS B4P 1Z6

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

19Picture(s)

2,094Sqft

Listing courtesy of Exit Realty Town & Country

C$390000

Residential For Sale

76 Highland Avenue, Wolfville, NS B4P 1Z6

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,094Sqft

Listing courtesy of Exit Realty Town & Country

Opportunity Knocks in the Heart of Wolfville! Located at 76 Highland Avenue, this detached home is ready for a full transformation. Set on a spacious R3-zoned lot, the property provides flexibility to restore the existing home and add value, or reimagine the space entirely with a new multi-unit development in one of Wolfville’s most desirable neighborhoods.

C$390000

Residential For Sale

76 Highland Avenue, Wolfville, NS B4P 1Z6

Listing courtesy of Exit Realty Town & Country

4Bedroom(s)

4Bathroom(s)

C$390000

Residential For Sale

46 Fathom Court, Halifax, NS B3M 0A7

More Details

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

49Picture(s)

2,570Sqft

Listing courtesy of Verve Realty Group

C$729900

Residential For Sale

46 Fathom Court, Halifax, NS B3M 0A7

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,570Sqft

Listing courtesy of Verve Realty Group

Ready to make 46 Fathom Court your new home?.....Call your Realtor quick! This 3 Bedroom, 4 bath home offers everything the growing family needs and is close to schools, shopping, restaurants. The main floor features a large living room/ dining room combination, large eat in kitchen with propane fireplace, hardwood staircase, hardwood and ceramic floors.

C$729900

Residential For Sale

46 Fathom Court, Halifax, NS B3M 0A7

Listing courtesy of Verve Realty Group

3Bedroom(s)

4Bathroom(s)

C$729900

Residential For Sale

1631 Highway 2, Hilden, NS B0N 1C0

More Details

2Bedroom(s)

1Bathroom(s)

21Picture(s)

900Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

C$290000

Residential For Sale

1631 Highway 2, Hilden, NS B0N 1C0

2Bedroom(s)

1Bathroom(s)

900Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

Completely Renovated 2 Bedroom Home on a Large Lot! Welcome to this beautifully updated 2 bedroom, 1 bathroom home, perfectly blending modern comfort with charm. Sitting on a spacious lot, this property offers plenty of room for outdoor living, gardening, or future expansion.

C$290000

Residential For Sale

1631 Highway 2, Hilden, NS B0N 1C0

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$290000

Residential For Sale

344 Bennett Street, New Glasgow, NS B2H 1X2

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

33Picture(s)

1,203Sqft

Listing courtesy of Results Realty Atlantic Inc.

C$249900

Residential For Sale

344 Bennett Street, New Glasgow, NS B2H 1X2

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,203Sqft

Listing courtesy of Results Realty Atlantic Inc.

Welcome to this beautifully maintained story-and-a-half home located on New Glasgow’s desirable west side! Perfect for families or first-time buyers, this property combines classic charm with modern updates. Newer roof for worry-free living for years to come. Updated bathroom and Newer basement flooring. Freshly painted throughout and move-in ready.

C$249900

Residential For Sale

344 Bennett Street, New Glasgow, NS B2H 1X2

Listing courtesy of Results Realty Atlantic Inc.

3Bedroom(s)

1Bathroom(s)

C$249900

Residential For Sale

3224 Devonshire Avenue, Halifax, NS B3K 3M2

More Details

3Bedroom(s)

1Bathroom(s)

PavedParking(s)

27Picture(s)

1,427Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

C$599000

Residential For Sale

3224 Devonshire Avenue, Halifax, NS B3K 3M2

3Bedroom(s)

1Bathroom(s)

PavedParking(s)

1,427Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

Welcome home! This charming North End two-story home is move-in ready and just needs you! The living room features a new electric fireplace and hardwood floors that extend through the living and dining areas, offering a bright and airy feel with abundant natural light, a partial view of the harbour and a newly added walkout to the private courtyard style patio.

C$599000

Residential For Sale

3224 Devonshire Avenue, Halifax, NS B3K 3M2

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

3Bedroom(s)

1Bathroom(s)

C$599000

3349 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

86 Alabaster Way, Halifax, NS B3P 0C7

Residential For Sale

Residential For Sale

Residential For Sale

2510 Picken Street, Westville, NS B0K 2A0

Residential For Sale

Residential For Sale

Residential For Sale

25 Morrison Street, Glace Bay, NS B1A 2G7

Residential For Sale

Residential For Sale

Residential For Sale

36 Hamshaw Drive, Halifax, NS B3M 2H2

Residential For Sale

Residential For Sale

Residential For Sale

3143 Sonora Drive, Sherbrooke, NS B0J 3C0

Residential For Sale

Residential For Sale

Residential For Sale

11 Centennial Drive, Antigonish, NS B2G 2V6

Residential For Sale

Residential For Sale

Residential For Sale

11 Shepherd Road, Cowie Hill, NS B3P 2K6

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.