There is no favorite listings!

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.

Sort Option
  • Listing ID
  • Total Finished Area
  • Price
  • Add date
  • Listing Status
Grid
List
Map
RSS

Residential For Sale

25 Ridge, Stewiacke, NS B0N 2J0

3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
2Picture(s)
1,424Sqft
BORDEN REAL ESTATE LIMITED - A586
C$499900

Residential For Sale

25 Ridge, Stewiacke, NS B0N 2J0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1,424Sqft
BORDEN REAL ESTATE LIMITED - A586
Another New Home to be built in Stewiacke River Crossing . Wheelchair friendly home with infloor heat including double garage. 9 foot cielings. Quartz counter tops. Heat Pump. NOTE: room sizes are from plans. NOTE: Pantry on plans is mechanical room. Home will be landsacped by builder. This home is over 1400 sq ft. Photos are from previous home by same builder.
C$499900

Residential For Sale

25 Ridge, Stewiacke, NS B0N 2J0
BORDEN REAL ESTATE LIMITED - A586
3Bedroom(s)
2Bathroom(s)
C$499900

Residential For Sale

4820 Highway 215, Summerville, NS B0N 2A0

3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
40Picture(s)
1,972Sqft
Homelife City & Valley
C$524900

Residential For Sale

4820 Highway 215, Summerville, NS B0N 2A0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1,972Sqft
Homelife City & Valley
Spacious 3-Bedroom Bungalow on 1.4 Acres in Scenic Summerville, Hants County, NS Nestled on a beautifully wooded 1.4-acre lot, this expansive 3-bedroom bungalow offers the perfect blend of comfort, privacy, and practicality in picturesque Summerville, Hants County.
C$524900

Residential For Sale

4820 Highway 215, Summerville, NS B0N 2A0
Homelife City & Valley
3Bedroom(s)
2Bathroom(s)
C$524900

Residential For Sale

437 Main Street, Middleton, NS B0P 1M0

3Bedroom(s)
1Bathroom(s)
CarportParking(s)
21Picture(s)
1,350Sqft
RE/MAX Banner Real Estate
C$329900

Residential For Sale

437 Main Street, Middleton, NS B0P 1M0
3Bedroom(s)
1Bathroom(s)
CarportParking(s)
1,350Sqft
RE/MAX Banner Real Estate
Curb appeal galore in this attractive centrally located bungalow on pretty treed lot. Lovely front verandah and spacious back deck are great for entertaining family and friends. Complete renovation about 15 years ago included siding, windows, doors, shingles, beautiful kitchen and renovated bath. Open concept dining/living room. Lower level is insulated plus drywalled exterior walls.
C$329900

Residential For Sale

437 Main Street, Middleton, NS B0P 1M0
RE/MAX Banner Real Estate
3Bedroom(s)
1Bathroom(s)
C$329900

Residential For Sale

225 Alabaster Way, Halifax, NS B3P 0C6

3Bedroom(s)
3Bathroom(s)
AttachedParking(s)
50Picture(s)
1,480Sqft
RE/MAX Nova
C$644900

Residential For Sale

225 Alabaster Way, Halifax, NS B3P 0C6
3Bedroom(s)
3Bathroom(s)
AttachedParking(s)
1,480Sqft
RE/MAX Nova
Welcome to your brand-new single-family home in the highly desirable Governor's Brook subdivision! This stunning property offers 3 spacious bedrooms, 2.5 bathrooms, and an open-concept main level, designed with modern family living in mind.
C$644900

Residential For Sale

225 Alabaster Way, Halifax, NS B3P 0C6
RE/MAX Nova
3Bedroom(s)
3Bathroom(s)
C$644900

Residential For Sale

30 Dodge Road, South Farmington, NS B0P 1W0

4Bedroom(s)
1Bathroom(s)
Circular DrivewayParking(s)
43Picture(s)
1,450Sqft
RE/MAX Banner Real Estate
C$317500

Residential For Sale

30 Dodge Road, South Farmington, NS B0P 1W0
4Bedroom(s)
1Bathroom(s)
Circular DrivewayParking(s)
1,450Sqft
RE/MAX Banner Real Estate
This lovely 4 bedroom bungalow which comes with a self-contained tiny home that would be ideal for an in-home business, a lovely space for extended family and friends or rent out for added income. The home is in great condition with many recent updates. Walk out the patio doors to the spacious deck and enjoy the beautiful back yard.
C$317500

Residential For Sale

30 Dodge Road, South Farmington, NS B0P 1W0
RE/MAX Banner Real Estate
4Bedroom(s)
1Bathroom(s)
C$317500

Residential For Sale

24 Mitchell Island Loop, Linden, NS B0K 1K0

2Bedroom(s)
2Bathroom(s)
OtherParking(s)
47Picture(s)
985Sqft
Coldwell Banker Performance Realty
C$389000

Residential For Sale

24 Mitchell Island Loop, Linden, NS B0K 1K0
2Bedroom(s)
2Bathroom(s)
OtherParking(s)
985Sqft
Coldwell Banker Performance Realty
In a word, Idyllic. That's what comes to mind when spending time at 24 Mitchell Island Loop, Linden. This two bedroom, two bath year round home is situated on a 20,000 sq ft lot, has mature trees, lovely perennials, 8x24' front and rear decks and balconies from both bedrooms. It's beach location is an added bonus, as the 10x20.6' wood shed could be your bunkie / extra guest accomodations.
C$389000

Residential For Sale

24 Mitchell Island Loop, Linden, NS B0K 1K0
Coldwell Banker Performance Realty
2Bedroom(s)
2Bathroom(s)
C$389000

Residential For Sale

24 Mitchell Island Loop, Linden, NS B0K 1K0

2Bedroom(s)
2Bathroom(s)
OtherParking(s)
47Picture(s)
985Sqft
Coldwell Banker Performance Realty
C$389000

Residential For Sale

24 Mitchell Island Loop, Linden, NS B0K 1K0
2Bedroom(s)
2Bathroom(s)
OtherParking(s)
985Sqft
Coldwell Banker Performance Realty
In a word, Idyllic. That's what comes to mind when spending time at 24 Mitchell Island Loop, Linden. This two bedroom, two bath year round home is situated on a 20,000 sq ft lot, has mature trees, lovely perennials, 8x24' front and rear decks and balconies from both bedrooms. It's beach location is an added bonus, as the 10x20.6' wood shed could be your bunkie / extra guest accomodations.
C$389000

Residential For Sale

24 Mitchell Island Loop, Linden, NS B0K 1K0
Coldwell Banker Performance Realty
2Bedroom(s)
2Bathroom(s)
C$389000

Residential For Sale

4 Patricia Drive, New Minas, NS B4N 5N3

2Bedroom(s)
2Bathroom(s)
DoubleParking(s)
28Picture(s)
960Sqft
MacKay Real Estate Ltd.
C$229900

Residential For Sale

4 Patricia Drive, New Minas, NS B4N 5N3
2Bedroom(s)
2Bathroom(s)
DoubleParking(s)
960Sqft
MacKay Real Estate Ltd.
2018 model and completely move-in ready! This contemporary home presents a bright and welcoming atmosphere, characterized by white walls, vaulted ceilings, and expansive windows that ensure ample natural light.
C$229900

Residential For Sale

4 Patricia Drive, New Minas, NS B4N 5N3
MacKay Real Estate Ltd.
2Bedroom(s)
2Bathroom(s)
C$229900

Residential For Sale

569 Peters Point Road, South Brookfield, NS B0T 1X0

2Bedroom(s)
1Bathroom(s)
DetachedParking(s)
36Picture(s)
829Sqft
Engel & Volkers (Lunenburg)
C$475000

Residential For Sale

569 Peters Point Road, South Brookfield, NS B0T 1X0
2Bedroom(s)
1Bathroom(s)
DetachedParking(s)
829Sqft
Engel & Volkers (Lunenburg)
Hello, you hard workers and weary city dwellers! It's time for a road trip to where the Medway River meets Ponhook Lake. This enchanting property has something to offer to everyone. The well maintained cottage is tucked nicely into the forest with a wood fired sauna and a large deck on two sides. There is a wired garage, or workshop.
C$475000

Residential For Sale

569 Peters Point Road, South Brookfield, NS B0T 1X0
Engel & Volkers (Lunenburg)
2Bedroom(s)
1Bathroom(s)
C$475000

Residential For Sale

25 Chase Road, Berwick West, NS B0P 1E0

3Bedroom(s)
4Bathroom(s)
AttachedParking(s)
46Picture(s)
3,565Sqft
The Agency Real Estate Brokerage
C$998000

Residential For Sale

25 Chase Road, Berwick West, NS B0P 1E0
3Bedroom(s)
4Bathroom(s)
AttachedParking(s)
3,565Sqft
The Agency Real Estate Brokerage
Private Valley Retreat with Resort-Style Amenities on 6.7 Acres 225 Chase Road, Berwick | A Custom Oasis in Nova Scotia’s Wine Country Welcome to your own private retreat in the heart of the Annapolis Valley. Just three minutes from Berwick, this over 3,500 sq. ft. custom bungalow sits on 6.7 acres of landscaped, A1-zoned land—offering space, serenity, and luxury living.
C$998000

Residential For Sale

25 Chase Road, Berwick West, NS B0P 1E0
The Agency Real Estate Brokerage
3Bedroom(s)
4Bathroom(s)
C$998000

Residential For Sale

2629 Crowell Road, East Lawrencetown, NS B2Z 1P4

6Bedroom(s)
6Bathroom(s)
DoubleParking(s)
50Picture(s)
4,448Sqft
Royal LePage Atlantic
C$1396000

Residential For Sale

2629 Crowell Road, East Lawrencetown, NS B2Z 1P4
6Bedroom(s)
6Bathroom(s)
DoubleParking(s)
4,448Sqft
Royal LePage Atlantic
Historic charm meets modern comfort in this beautifully restored East Lawrencetown home on approximately 4 acres with frontage on Porters Lake and views of the Atlantic Ocean. Built in the late 1800s by the Lloy family, this 6-bedroom, 6-bath home combines original character with thoughtful updates.
C$1396000

Residential For Sale

2629 Crowell Road, East Lawrencetown, NS B2Z 1P4
Royal LePage Atlantic
6Bedroom(s)
6Bathroom(s)
C$1396000

Residential For Sale

35 Allan J Memorial Avenue, Inverness, NS B0E 1N0

2Bedroom(s)
1Bathroom(s)
OtherParking(s)
29Picture(s)
880Sqft
Engel & Volkers
C$249000

Residential For Sale

35 Allan J Memorial Avenue, Inverness, NS B0E 1N0
2Bedroom(s)
1Bathroom(s)
OtherParking(s)
880Sqft
Engel & Volkers
Charming Inverness Gem – Steps from Cabot Cape Breton & the Beach! Welcome to the heart of Inverness – where lifestyle, location, and opportunity come together.
C$249000

Residential For Sale

35 Allan J Memorial Avenue, Inverness, NS B0E 1N0
Engel & Volkers
2Bedroom(s)
1Bathroom(s)
C$249000
4914 Results returned.Per Page
Style Selector
Select the layout
Choose the theme
Preset colors
No Preset
Select the pattern