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

2 Pebble Lane, West St. Andrews, NS B0N 2J0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

31Picture(s)

896Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$299000

Residential For Sale

2 Pebble Lane, West St. Andrews, NS B0N 2J0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

896Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to 2 Pebble Lane in Stonegate — modern living made easy. Stonegate is a brand-new land lease community in West St. Andrews, just outside Stewiacke. Surrounded by woodlands yet only 40 minutes from Dartmouth and 20 minutes from Halifax Stanfield Airport, this thoughtfully planned neighbourhood offers comfort, convenience, and affordability in one.

C$299000

Residential For Sale

2 Pebble Lane, West St. Andrews, NS B0N 2J0

Listing courtesy of Royal LePage Atlantic (Dartmouth)

2Bedroom(s)

1Bathroom(s)

C$299000

Residential For Sale

181 Waynesboro Avenue, Middle Sackville, NS B4B 2S6

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

45Picture(s)

4,855Sqft

Listing courtesy of Keller Williams Select Realty

C$2984000

Residential For Sale

181 Waynesboro Avenue, Middle Sackville, NS B4B 2S6

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,855Sqft

Listing courtesy of Keller Williams Select Realty

Imagine waking up in a stunning lakefront home where every day feels like vacationing in your custom designed & built new construction home with amazing lakefrontage on one of the best coves on fabulous McCabe Lake...boating, jet skis, water skiing, fishing, swimming all summer long...all the benefits of cottage living mere minutes to the city centre or the airport...

C$2984000

Residential For Sale

181 Waynesboro Avenue, Middle Sackville, NS B4B 2S6

Listing courtesy of Keller Williams Select Realty

5Bedroom(s)

4Bathroom(s)

C$2984000

Residential For Sale

134 Milo Terrace, Beaver Bank, NS B4E 1N7

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

34Picture(s)

1,072Sqft

Listing courtesy of Exit Realty Metro

C$269900

Residential For Sale

134 Milo Terrace, Beaver Bank, NS B4E 1N7

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,072Sqft

Listing courtesy of Exit Realty Metro

Well-Maintained 3-Bedroom Mini Home.This spacious 16' x 67' one-owner home offers a thoughtful layout with the primary bedroom located at the rear for added privacy and two additional bedrooms at the front.Features include a heat pump for year-round comfort, 36-inch doors for easy accessibility, and a wheelchair ramp, which can remain or be replaced with steps at the buyer’s preference.

C$269900

Residential For Sale

134 Milo Terrace, Beaver Bank, NS B4E 1N7

Listing courtesy of Exit Realty Metro

3Bedroom(s)

1Bathroom(s)

C$269900

Residential For Sale

2375 Highway 247, Lower Lardoise, NS B0E 1W0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

47Picture(s)

1,232Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

C$389000

Residential For Sale

2375 Highway 247, Lower Lardoise, NS B0E 1W0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,232Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

This is an incredible home within minutes of the Atlantic Ocean and Point Michaud Beach. You can see it is new, with new gyproc on walls and ceilings, new wiring, heating, 3 piece bathrooms, light fixtures, flooring, etc. What an incredible home. Quality workmanship throughout and completely modern designed interior, from the cabinets to the doors, to the floors and light fixtures.

C$389000

Residential For Sale

2375 Highway 247, Lower Lardoise, NS B0E 1W0

Listing courtesy of Harvey Realties Limited (St.Peters)

3Bedroom(s)

2Bathroom(s)

C$389000

Residential For Sale

515-1065 Barrington Street, Halifax, NS B3H 2P8

More Details

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

50Picture(s)

659Sqft

Listing courtesy of Keller Williams Select Realty

C$474900

Residential For Sale

515-1065 Barrington Street, Halifax, NS B3H 2P8

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

659Sqft

Listing courtesy of Keller Williams Select Realty

Urban charm meets waterfront living.Welcome to Southport Condos — a striking blend of Halifax’s historic charm and modern sophistication. Perfectly situated in the heart of downtown, this 1-bedroom + den condo placesyou within walking distance of the waterfront boardwalk, Point Pleasant Park, universities, world-class dining, and the vibrant energy of the South End of Barrington Street.

C$474900

Residential For Sale

515-1065 Barrington Street, Halifax, NS B3H 2P8

Listing courtesy of Keller Williams Select Realty

1Bedroom(s)

1Bathroom(s)

C$474900

Residential For Sale

8208/8268 Highway 311, Balfron, NS B0K 1V0

More Details

1Bedroom(s)

2Bathroom(s)

No GarageParking(s)

34Picture(s)

474Sqft

Listing courtesy of Press Realty Inc.

C$299000

Residential For Sale

8208/8268 Highway 311, Balfron, NS B0K 1V0

1Bedroom(s)

2Bathroom(s)

No GarageParking(s)

474Sqft

Listing courtesy of Press Realty Inc.

Just 5 minutes from Tatamagouche and 20 minutes to Ski Wentworth is Hideaway Cabin a custom built log cabin that sits on 8 acres abutting the Waughs River. Stop at the Earltown General store on the way over to grab some fresh bread and delicious treats. Once there follow the long winding driveway through the woods and watch the property unfold. The cabin sits proud welcoming you on arrival.

C$299000

Residential For Sale

8208/8268 Highway 311, Balfron, NS B0K 1V0

Listing courtesy of Press Realty Inc.

1Bedroom(s)

2Bathroom(s)

C$299000

Residential For Sale

526-1065 Barrington Street, Halifax, NS B3H 2P8

More Details

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

41Picture(s)

725Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$529000

Residential For Sale

526-1065 Barrington Street, Halifax, NS B3H 2P8

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

725Sqft

Listing courtesy of RE/MAX Nova (Halifax)

This attractive Southport condo is perfect for a easy lifestyle. This modern urban retreat puts everything at your within walking distance to groceries, dining, and the waterfront, hospitals and universities. When you step Inside, you’ll find a layout featuring stainless steel appliances and contemporary cabinetry.

C$529000

Residential For Sale

526-1065 Barrington Street, Halifax, NS B3H 2P8

Listing courtesy of RE/MAX Nova (Halifax)

2Bedroom(s)

1Bathroom(s)

C$529000

Residential For Sale

736 Cottage Road, Sydney, NS B1P 6S6

More Details

4Bedroom(s)

2Bathroom(s)

PavedParking(s)

37Picture(s)

1,700Sqft

Listing courtesy of 3% Realty Nova Scotia

C$409000

Residential For Sale

736 Cottage Road, Sydney, NS B1P 6S6

4Bedroom(s)

2Bathroom(s)

PavedParking(s)

1,700Sqft

Listing courtesy of 3% Realty Nova Scotia

Welcome to 736 Cottage Road, Sydney This spacious 4-bedroom, 2-bath split-entry home has been completely rebuilt just three years ago, offering the perfect blend of modern comfort, efficiency, and timeless style. From the moment you step inside, you’ll appreciate the bright, open layout and the quality craftsmanship throughout.

C$409000

Residential For Sale

736 Cottage Road, Sydney, NS B1P 6S6

Listing courtesy of 3% Realty Nova Scotia

4Bedroom(s)

2Bathroom(s)

C$409000

Residential For Sale

191 Second Avenue, Digby, NS B0V 1A0

More Details

4Bedroom(s)

1Bathroom(s)

50Picture(s)

1,825Sqft

Listing courtesy of Exit Realty Town & Country

C$299000

Residential For Sale

191 Second Avenue, Digby, NS B0V 1A0

4Bedroom(s)

1Bathroom(s)

1,825Sqft

Listing courtesy of Exit Realty Town & Country

Are you looking for a cozy and stately home before the holidays? Welcome to 191 Second Avenue - a 4 bedroom, 1 bath home with great bones, practical improvements, and timeless character in one of Digby's most welcoming neighborhoods. With hardwood floors, pine wainscoting in select rooms, and a layout full of possibility, this property offers a wonderful canvas to bring your vision to life.

C$299000

Residential For Sale

191 Second Avenue, Digby, NS B0V 1A0

Listing courtesy of Exit Realty Town & Country

4Bedroom(s)

1Bathroom(s)

C$299000

Residential For Sale

25 Lakewood Drive, Brooklyn, NS B0N 2A0

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

15Picture(s)

1,400Sqft

Listing courtesy of PG Direct Realty Ltd.

C$595000

Residential For Sale

25 Lakewood Drive, Brooklyn, NS B0N 2A0

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,400Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information Built in 2022, this modern 1,400 sq. ft single-level home offers comfort, efficiency, and privacy on a 1.5-acre lot just minutes from Windsor. The open-concept layout includes 2 spacious bedrooms and 2 full baths, ideal for retirees, downsizers, or anyone seeking a move-in ready home.

C$595000

Residential For Sale

25 Lakewood Drive, Brooklyn, NS B0N 2A0

Listing courtesy of PG Direct Realty Ltd.

2Bedroom(s)

2Bathroom(s)

C$595000

Residential For Sale

173 New Harbour Road, Blandford, NS B0J 1T0

More Details

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

48Picture(s)

924Sqft

Listing courtesy of Royal LePage Atlantic

C$589900

Residential For Sale

173 New Harbour Road, Blandford, NS B0J 1T0

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

924Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 173 New Harbour Rd., in the beautiful ocean community of Blandford, NS. This meticulously maintained 2 BR, 1.

C$589900

Residential For Sale

173 New Harbour Road, Blandford, NS B0J 1T0

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$589900

Residential For Sale

6 Amberwood Court, Halifax, NS B3M 3X7

More Details

6Bedroom(s)

4Bathroom(s)

AttachedParking(s)

46Picture(s)

3,020Sqft

Listing courtesy of Royal LePage Atlantic

C$735000

Residential For Sale

6 Amberwood Court, Halifax, NS B3M 3X7

6Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,020Sqft

Listing courtesy of Royal LePage Atlantic

Beautifully updated home on a quiet cul-de-sac in sought-after Clayton Park neighborhood, featuring a bright 2-bedroom in-law suite with separate entrance, i deal for Airbnb or long-term rental to help with your mortgage. Enjoy an unbeatable location just 5-7 minutes to top schools, MSVU, Costco, Canada Games Centre, and major shopping amenities.

C$735000

Residential For Sale

6 Amberwood Court, Halifax, NS B3M 3X7

Listing courtesy of Royal LePage Atlantic

6Bedroom(s)

4Bathroom(s)

C$735000

4302 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

2 Pebble Lane, West St. Andrews, NS B0N 2J0

Residential For Sale

Residential For Sale

Residential For Sale

181 Waynesboro Avenue, Middle Sackville, NS B4B 2S6

Residential For Sale

Residential For Sale

Residential For Sale

134 Milo Terrace, Beaver Bank, NS B4E 1N7

Residential For Sale

Residential For Sale

Residential For Sale

2375 Highway 247, Lower Lardoise, NS B0E 1W0

Residential For Sale

Residential For Sale

Residential For Sale

515-1065 Barrington Street, Halifax, NS B3H 2P8

Residential For Sale

Residential For Sale

Residential For Sale

8208/8268 Highway 311, Balfron, NS B0K 1V0

Residential For Sale

Residential For Sale

Residential For Sale

526-1065 Barrington Street, Halifax, NS B3H 2P8

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.