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.

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 Sharon Drive, Middle Sackville Ns B4e 1e3

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

19Picture(s)

960Sqft

Listing courtesy of Royal LePage Atlantic

C$279000

Residential For Sale

2 Sharon Drive, Middle Sackville Ns B4e 1e3

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

960Sqft

Listing courtesy of Royal LePage Atlantic

Welcome home to this 5 year old mini home that is move-in ready and shows like new. This 2 bedroom mini home features a spacious open concept kitchen with ample cabinets and an island, perfect for cooking and entertaining. The spacious living room has lots of natural light from windows. The primary bedroom has two closets and is located at one end of home.

C$279000

Residential For Sale

2 Sharon Drive, Middle Sackville Ns B4e 1e3

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

1Bathroom(s)

C$279000

Residential For Sale

53 Grono Road, Dutch Settlement Ns B2s 2h2

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

47Picture(s)

3,587Sqft

Listing courtesy of Harbourside Realty Ltd.

C$639900

Residential For Sale

53 Grono Road, Dutch Settlement Ns B2s 2h2

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

3,587Sqft

Listing courtesy of Harbourside Realty Ltd.

Welcome to 53 Grono Road a beautifully upgraded and expansive home set on a cleared 1.01-acre lot in the peaceful community of Dutch Settlement. With over 3,200 sq. ft.

C$639900

Residential For Sale

53 Grono Road, Dutch Settlement Ns B2s 2h2

Listing courtesy of Harbourside Realty Ltd.

3Bedroom(s)

3Bathroom(s)

C$639900

Residential For Sale

160 Mcgray Avenue, North East Point Ns B0w 2p0

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

3,708Sqft

Listing courtesy of Keller Williams Select Realty

C$750000

Residential For Sale

160 Mcgray Avenue, North East Point Ns B0w 2p0

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,708Sqft

Listing courtesy of Keller Williams Select Realty

Five bedroom four bath luxury home with picturesque ocean and beach views. This sophisticated home is sure to impress with its expensive modern floor plan. Located just steps away from a beautiful white sand beach.

C$750000

Residential For Sale

160 Mcgray Avenue, North East Point Ns B0w 2p0

Listing courtesy of Keller Williams Select Realty

5Bedroom(s)

4Bathroom(s)

C$750000

Residential For Sale

12 Charles William Drive, West Lahave Ns B0r 1c0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

1,986Sqft

Listing courtesy of EXIT Realty Inter Lake

C$654900

Residential For Sale

12 Charles William Drive, West Lahave Ns B0r 1c0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,986Sqft

Listing courtesy of EXIT Realty Inter Lake

Enjoy the breathtaking scenery as you follow the picturesque Lahave River to the highly sought after community of West Lahave, where this meticulously maintained 21 year old, 3 Bed and 1 1/2 Bath Home is perched perfectly off the road to allow the peace and tranquility you have been dreaming of with your new Riverview property! This property offers legal access to the river, a permit for a new pri

C$654900

Residential For Sale

12 Charles William Drive, West Lahave Ns B0r 1c0

Listing courtesy of EXIT Realty Inter Lake

3Bedroom(s)

2Bathroom(s)

C$654900

Residential For Sale

3072 326 Highway, Denmark Ns B0k 1v0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

50Picture(s)

1,378Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

C$499000

Residential For Sale

3072 326 Highway, Denmark Ns B0k 1v0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,378Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

Charming Country Farmhouse on 98 Acres - close by ATV trails - and just 13 minutes from Tatamagouche! Tucked away down an enchanting tree-lined driveway with circular parking, this lovingly appreciated 3 bed, 1.5 bath farmhouse offers the peace and potential you've been dreaming of.

C$499000

Residential For Sale

3072 326 Highway, Denmark Ns B0k 1v0

Listing courtesy of RE/MAX County Line Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$499000

Residential For Sale

79-147 Heritage Way, East Uniacke Ns B0n 1z0

More Details

2Bedroom(s)

1Bathroom(s)

DrivewayParking(s)

48Picture(s)

1,276Sqft

Listing courtesy of Engel & Volkers

C$525000

Residential For Sale

79-147 Heritage Way, East Uniacke Ns B0n 1z0

2Bedroom(s)

1Bathroom(s)

DrivewayParking(s)

1,276Sqft

Listing courtesy of Engel & Volkers

Indulge in effortless, one-level living in this beautifully designed 2-bedroom, 4-piece bath bungalow, perfectly situated to capture breathtaking panoramic lake views. Only two years old, this home exudes modern elegance with an open-concept layout that seamlessly blends the spacious living room, dining area, and a chef-inspired kitchen—ideal for entertaining and everyday living.

C$525000

Residential For Sale

79-147 Heritage Way, East Uniacke Ns B0n 1z0

Listing courtesy of Engel & Volkers

2Bedroom(s)

1Bathroom(s)

C$525000

Residential For Sale

143 Piggott Lake Road, Lakelands Ns B0n 1z0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

43Picture(s)

1,026Sqft

Listing courtesy of Exit Realty Metro

C$624900

Residential For Sale

143 Piggott Lake Road, Lakelands Ns B0n 1z0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,026Sqft

Listing courtesy of Exit Realty Metro

Isn't it time to start living the good life? Lakefront living has never been easier with interest rates available under 5%. This waterfront home has two bedrooms and one bath and is located on almost an acre of prime water frontage complete with your own boat launch. This choice lot has its own beach and boasts over 200ft of water frontage.

C$624900

Residential For Sale

143 Piggott Lake Road, Lakelands Ns B0n 1z0

Listing courtesy of Exit Realty Metro

2Bedroom(s)

1Bathroom(s)

C$624900

Residential For Sale

33 Pleasant Street, Parrsboro Ns B0m 1s0

More Details

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

50Picture(s)

1,863Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

C$349900

Residential For Sale

33 Pleasant Street, Parrsboro Ns B0m 1s0

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

1,863Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

MOTIVATED SELLER! LOCATION LOCATION LOCATION! Yes, we hear that a lot, but this home has it! Welcome to 33 Pleasant St., Parrsboro. You are steps away from Main Street, Parrsboro where you will find all the necessary amenities (grocery store, bank, restaurants, art gallery, a brewery, and so much more). But let’s talk about this beautiful home.

C$349900

Residential For Sale

33 Pleasant Street, Parrsboro Ns B0m 1s0

Listing courtesy of RE/MAX County Line Realty Ltd.

4Bedroom(s)

3Bathroom(s)

C$349900

Residential For Sale

42-44 Bellmont Avenue, North Chegoggin Ns B5a 5k5

More Details

5Bedroom(s)

2Bathroom(s)

GravelParking(s)

24Picture(s)

2,775Sqft

Listing courtesy of The Real Estate Store

C$464900

Residential For Sale

42-44 Bellmont Avenue, North Chegoggin Ns B5a 5k5

5Bedroom(s)

2Bathroom(s)

GravelParking(s)

2,775Sqft

Listing courtesy of The Real Estate Store

Just north of Yarmouth is 42-44 Bellmont Avenue. This ICF Construction Duplex was designed to live in one side with 3 bedrooms and the other side designed fora tenant to reside and create a rental income. The home offers very efficient heating costs. The floor plan consists of upper level open concept living with bedrooms on the lower levelfor quiet resting or sleeping.

C$464900

Residential For Sale

42-44 Bellmont Avenue, North Chegoggin Ns B5a 5k5

Listing courtesy of The Real Estate Store

5Bedroom(s)

2Bathroom(s)

C$464900

Residential For Sale

219 Norm Greene Trail, Port Howe Ns B0k 1k0

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

31Picture(s)

1,032Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$329900

Residential For Sale

219 Norm Greene Trail, Port Howe Ns B0k 1k0

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

1,032Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

OCEAN FRONTAGE at Heather Beach!!! This fantastic cottage can bring you, your family, and your friends directly to one of Nova Scotia's best beaches with beautiful ocean views as well as the Confederation Bridge standing out on the horizon too. The public beach at Heather Beach Provincial Park is just a hop, skip and a jump away as well.

C$329900

Residential For Sale

219 Norm Greene Trail, Port Howe Ns B0k 1k0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$329900

Residential For Sale

559 P F Comeau Road, Comeauville Ns B0w 1m0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

48Picture(s)

2,478Sqft

Listing courtesy of The Real Estate Store

C$534900

Residential For Sale

559 P F Comeau Road, Comeauville Ns B0w 1m0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,478Sqft

Listing courtesy of The Real Estate Store

Looking for a place close to Clare Golf and Country Club? 559 PF Comeau Rd might be a good fit. This home sits on 3.25 acres and has a bright, open layout with vaulted ceilings. There's a loft-style bedroom and extra finished space downstairs that’s great for hosting or relaxing. The home has several heating options: a hot water boiler, ductless heat pump, and a wood stove set into a fireplace.

C$534900

Residential For Sale

559 P F Comeau Road, Comeauville Ns B0w 1m0

Listing courtesy of The Real Estate Store

3Bedroom(s)

2Bathroom(s)

C$534900

Residential For Sale

70 Langille Estates Drive, Hubbards Ns B0j 1t0

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

31Picture(s)

2,879Sqft

Listing courtesy of Keller Williams Select Realty

C$769000

Residential For Sale

70 Langille Estates Drive, Hubbards Ns B0j 1t0

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,879Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to 70 Langille Estates Drive, an exceptional blend of coastal elegance and modern functionality. This thoughtfully designed 4-bedroom, 3.5-bath home offers over 2,800 sq. ft.

C$769000

Residential For Sale

70 Langille Estates Drive, Hubbards Ns B0j 1t0

Listing courtesy of Keller Williams Select Realty

4Bedroom(s)

4Bathroom(s)

C$769000

4664 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.

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 Sharon Drive, Middle Sackville Ns B4e 1e3

Residential For Sale

Residential For Sale

Residential For Sale

53 Grono Road, Dutch Settlement Ns B2s 2h2

Residential For Sale

Residential For Sale

Residential For Sale

160 Mcgray Avenue, North East Point Ns B0w 2p0

Residential For Sale

Residential For Sale

Residential For Sale

12 Charles William Drive, West Lahave Ns B0r 1c0

Residential For Sale

Residential For Sale

Residential For Sale

3072 326 Highway, Denmark Ns B0k 1v0

Residential For Sale

Residential For Sale

Residential For Sale

79-147 Heritage Way, East Uniacke Ns B0n 1z0

Residential For Sale

Residential For Sale

Residential For Sale

143 Piggott Lake Road, Lakelands Ns B0n 1z0

Residential For Sale

Residential For Sale

Residential For Sale

33 Pleasant Street, Parrsboro Ns B0m 1s0

Residential For Sale

Residential For Sale

Residential For Sale

42-44 Bellmont Avenue, North Chegoggin Ns B5a 5k5

Residential For Sale

Residential For Sale

Residential For Sale

219 Norm Greene Trail, Port Howe Ns B0k 1k0

Residential For Sale

Residential For Sale

Residential For Sale

559 P F Comeau Road, Comeauville Ns B0w 1m0

Residential For Sale

Residential For Sale

Residential For Sale

– 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.