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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.

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9 Buyer Traps & How to Avoid Them

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 Properties

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Residential For Sale

313 Almont Avenue, New Glasgow Ns B2h 3h2

5Bedroom(s)
2Bathroom(s)
OtherParking(s)
22Picture(s)
2,522Sqft
PG Direct Realty Ltd.
C$442000

Residential For Sale

313 Almont Avenue, New Glasgow Ns B2h 3h2
5Bedroom(s)
2Bathroom(s)
OtherParking(s)
2,522Sqft
PG Direct Realty Ltd.
Visit REALTOR® website for additional information. Situated in one of Pictou County’s most sought-after family communities, this well maintained five-bedroom, two-bathroom home offers the ideal balance of space, comfort, and convenience. Set on a generous corner lot, it provides more room than most in the neighborhood, making it an excellent choice for a growing family.
C$442000

Residential For Sale

313 Almont Avenue, New Glasgow Ns B2h 3h2
PG Direct Realty Ltd.
5Bedroom(s)
2Bathroom(s)
C$442000

Residential For Sale

652 East Earltown Road, East Earltown Ns B0k 1v0

3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
36Picture(s)
2,058Sqft
RE/MAX Fairlane Realty
C$417500

Residential For Sale

652 East Earltown Road, East Earltown Ns B0k 1v0
3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
2,058Sqft
RE/MAX Fairlane Realty
Come take a look at this spacious home with in-law suite on almost 2.5 acres! This stunning 3-bedroom home offers the perfect blend of space, comfort, and privacy, all while being just minutes from the highway for easy access to everything you need. Nestled on almost 3 acres, this property is tucked away in a peaceful setting, giving you that private, country feel without sacrificing convenience.
C$417500

Residential For Sale

652 East Earltown Road, East Earltown Ns B0k 1v0
RE/MAX Fairlane Realty
3Bedroom(s)
2Bathroom(s)
C$417500

Residential For Sale

7093 Highway 101, Plympton Ns B0w 2r0

2Bedroom(s)
1Bathroom(s)
GravelParking(s)
50Picture(s)
736Sqft
Royal LePage Atlantic (Greenwood)
C$249000

Residential For Sale

7093 Highway 101, Plympton Ns B0w 2r0
2Bedroom(s)
1Bathroom(s)
GravelParking(s)
736Sqft
Royal LePage Atlantic (Greenwood)
Picturesque views, refreshing sea breeze, and only minutes to the town of Digby; renowned for its famously delicious lobster, clams and scallops! Offering a functional open-concept kitchen, dining and living area with an efficient LG heat pump for year-round temperature control, this cozy one-level home sits on 2.24 acres with water frontage on stunning St.
C$249000

Residential For Sale

7093 Highway 101, Plympton Ns B0w 2r0
Royal LePage Atlantic (Greenwood)
2Bedroom(s)
1Bathroom(s)
C$249000

Residential For Sale

912-60 Walter Havill Drive, Halifax Ns B3n 0a9

2Bedroom(s)
2Bathroom(s)
UndergroundParking(s)
33Picture(s)
1,176Sqft
RE/MAX Nova (Halifax)
C$469900

Residential For Sale

912-60 Walter Havill Drive, Halifax Ns B3n 0a9
2Bedroom(s)
2Bathroom(s)
UndergroundParking(s)
1,176Sqft
RE/MAX Nova (Halifax)
Enjoy Sophisticated Living at The Waterton Condominium! Experience the perfect blend of style, comfort, and convenience in this beautifully designed 2-bedroom, 2-bathroom condo ideally located just minutes from downtown, major highways, and the Halifax Shopping Centre, this home offers effortless access to all your daily essentials.
C$469900

Residential For Sale

912-60 Walter Havill Drive, Halifax Ns B3n 0a9
RE/MAX Nova (Halifax)
2Bedroom(s)
2Bathroom(s)
C$469900

Residential For Sale

8 Wyndenfog Lane, Lawrencetown Ns B2w 6c4

3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
12Picture(s)
2,400Sqft
PG Direct Realty Ltd.
C$998900

Residential For Sale

8 Wyndenfog Lane, Lawrencetown Ns B2w 6c4
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
2,400Sqft
PG Direct Realty Ltd.
Visit REALTOR® website for additional information. Wake up to ocean waves and breathtaking sunrises in this 3-bedroom, 2-athroom oceanfront home, where every room offers panoramic views of the ocean and Porters Lake. Immerse yourself in nature with daily sightings of seals, porpoises, and eagles. Swim, surf, or kiteboard directly from your backyard, with nearby cliffs perfect for paragliding.
C$998900

Residential For Sale

8 Wyndenfog Lane, Lawrencetown Ns B2w 6c4
PG Direct Realty Ltd.
3Bedroom(s)
2Bathroom(s)
C$998900

Residential For Sale

202 Amos Gillies Road, New Harbour Ns B0h 1t0

2Bedroom(s)
2Bathroom(s)
DoubleParking(s)
17Picture(s)
1,920Sqft
PG Direct Realty Ltd.
C$275000

Residential For Sale

202 Amos Gillies Road, New Harbour Ns B0h 1t0
2Bedroom(s)
2Bathroom(s)
DoubleParking(s)
1,920Sqft
PG Direct Realty Ltd.
Visit REALTOR® website for additional information. Experience the beauty of waterfront living in this inviting home, designed for comfort and convenience. With two bedrooms and a versatile layout, the open-concept kitchen and dining area are filled with natural light from large windows that showcase breathtaking water views.
C$275000

Residential For Sale

202 Amos Gillies Road, New Harbour Ns B0h 1t0
PG Direct Realty Ltd.
2Bedroom(s)
2Bathroom(s)
C$275000

Residential For Sale

111 Granite Cove Drive, Hubley Ns B3z 1a2

3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
44Picture(s)
2,500Sqft
EXP Realty of Canada Inc.
C$950000

Residential For Sale

111 Granite Cove Drive, Hubley Ns B3z 1a2
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
2,500Sqft
EXP Realty of Canada Inc.
Wood Floors Refinished! Spectacular lakeside Bungalow on pristine Five Island Lake with 176 feet waterfrontage! Pride of Craft throughout 2,500 sq ft Western Red Cedar Post & Beam Home. Central Great Room w/floor to ceiling stone fireplace & wood burning appliance. Soaring 20 foot ceilings throughout creates a sense of grandeur & openness. 3 bedrooms + office + Loft.
C$950000

Residential For Sale

111 Granite Cove Drive, Hubley Ns B3z 1a2
EXP Realty of Canada Inc.
3Bedroom(s)
2Bathroom(s)
C$950000

Residential For Sale

1853 Fourchu Road, Gabarus Lake Ns B1k 2e7

3Bedroom(s)
1Bathroom(s)
OtherParking(s)
34Picture(s)
880Sqft
RE/MAX Park Place Inc.
C$279000

Residential For Sale

1853 Fourchu Road, Gabarus Lake Ns B1k 2e7
3Bedroom(s)
1Bathroom(s)
OtherParking(s)
880Sqft
RE/MAX Park Place Inc.
Welcome to this newly updated, move-in ready home in the peaceful community of Gabarus Lake, just walking distance to Belfry Beach. This property is a rare find that blends modern living with the tranquility of nature and rural living. The home features a new roof, updated plumbing and electrical, as well as many other upgrades both to the interior and exterior.
C$279000

Residential For Sale

1853 Fourchu Road, Gabarus Lake Ns B1k 2e7
RE/MAX Park Place Inc.
3Bedroom(s)
1Bathroom(s)
C$279000

Residential For Sale

6102 East Bay Highway, East Bay Ns B1j 1r1

2Bedroom(s)
1Bathroom(s)
UndergroundParking(s)
46Picture(s)
720Sqft
RE/MAX Park Place Inc.
C$399900

Residential For Sale

6102 East Bay Highway, East Bay Ns B1j 1r1
2Bedroom(s)
1Bathroom(s)
UndergroundParking(s)
720Sqft
RE/MAX Park Place Inc.
Discover this inviting two-bedroom bungalow nestled in the scenic Ben Eoin area, just steps from the water. This property features easy access stairs, surrounded by mature trees and vibrant plants, offering a serene escape.
C$399900

Residential For Sale

6102 East Bay Highway, East Bay Ns B1j 1r1
RE/MAX Park Place Inc.
2Bedroom(s)
1Bathroom(s)
C$399900

Residential For Sale

68 Sherbrooke Avenue, Bridgewater Ns B4v 4e7

2Bedroom(s)
1Bathroom(s)
DoubleParking(s)
19Picture(s)
1,140Sqft
EXIT Realty Inter Lake
C$272000

Residential For Sale

68 Sherbrooke Avenue, Bridgewater Ns B4v 4e7
2Bedroom(s)
1Bathroom(s)
DoubleParking(s)
1,140Sqft
EXIT Realty Inter Lake
LOCATION LOCATION LOCATION!!! From this possibly most attractive bungalow in Lahave Heights 1, which is said to be one of the best Land Lease Communities in NS.
C$272000

Residential For Sale

68 Sherbrooke Avenue, Bridgewater Ns B4v 4e7
EXIT Realty Inter Lake
2Bedroom(s)
1Bathroom(s)
C$272000

Residential For Sale

115b Jessome Avenue, Lantz Ns B2s 0c5

3Bedroom(s)
3Bathroom(s)
SingleParking(s)
2Picture(s)
1,823Sqft
Sutton Group Professional Realty
C$549900

Residential For Sale

115b Jessome Avenue, Lantz Ns B2s 0c5
3Bedroom(s)
3Bathroom(s)
SingleParking(s)
1,823Sqft
Sutton Group Professional Realty
Semi detached home in Lantz by Marchand Homes. This family friendly home is located at the end of a cul de sac with a landscaped lot, single car garage and many additional features. Inside you will find a main floor that has an open concept living room, dining area and kitchen. The kitchen has quartz counter tops, white shaker style cabinets to the ceiling and a 3'x5' center island.
C$549900

Residential For Sale

115b Jessome Avenue, Lantz Ns B2s 0c5
Sutton Group Professional Realty
3Bedroom(s)
3Bathroom(s)
C$549900

Residential For Sale

166 Ocean Gate Drive, Northwest Cove Ns B0j 1t0

4Bedroom(s)
4Bathroom(s)
GravelParking(s)
49Picture(s)
5,784Sqft
Engel & Volkers (Chester)
C$4450000

Residential For Sale

166 Ocean Gate Drive, Northwest Cove Ns B0j 1t0
4Bedroom(s)
4Bathroom(s)
GravelParking(s)
5,784Sqft
Engel & Volkers (Chester)
Discover this jaw-dropping and meticulously designed South Shore oceanfront oasis! Renowned architect Michael Grunsky created this magnificent one-of-a-kind residence for those seeking an extraordinary lifestyle.
C$4450000

Residential For Sale

166 Ocean Gate Drive, Northwest Cove Ns B0j 1t0
Engel & Volkers (Chester)
4Bedroom(s)
4Bathroom(s)
C$4450000
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Tatamagouche

TATAMAGOUCHE, NOVA SCOTIA

Full of character, Tatamagouche is a thriving seaside village that embraces quality of life along Nova Scotia’s Northumberland Shore. In addition to its proximity to several warm water beaches, Tatamagouche is a destination for those with great taste!

Why Tatamagouche?

Since last year, 10 new businesses have launched in Tatamagouche.

The village’s charm, friendly people, affordability, and the desire for change are all converging to contribute to its mini boom. Since last year, 10 new businesses have launched in Tatamagouche.

Read CBC News Story, July 13, 2017:  Mini boom in Nova Scotia village attracts young entrepreneurs.

Culinary Experiences 

Tatamagouche Museums 

  • The Creamery Square is a waterside attraction in the heart of the village that also features a performing arts centre and an award-winning heritage centre. The heritage centre is a particularly fascinating way to get to get to know this quirky little community with stories of two-headed calves, Giantess Anna Swan, and incredible fossil discoveries.
  • Balmoral Grist Mill: During demonstrations, see the mill in action, just as it would have been when Alexander McKay built it in 1874
  • Sutherland Steam Mill: Explore this 1894 saw mill and discover Nova Scotian ingenuity in a mill once powered by steam 
  • Wallace and Area Museum: Visitors are invited to stroll through the museum (with over 1000 artifacts) and garden areas, where many of the original plants and trees can still be found. The museum also offers short walking trails, as well as a wilderness trail

Tatamagouche Accommodations 

  • Train Station Inn: Carefully restored, the dining car offers the charm and nostalgia of years gone by. Homemade seafood chowder, fish cakes, steak and lobster make for a truly first-class dining experience.
  • The Cottages at Cambra Sands: Seven 4.5 star luxury cottages located on a private sandy warm water beach.
  • Fox Harb’r Golf Resort and Spa has been consistently ranked among the top Destination Resorts in Canada by leading travel consumer reports and industry peers. Fox Harb’r is one of only five 5-star resorts in Canada.
  • Balmoral Motel: Located alongside Waugh’s River and Trans Canada Trail and near warm saltwater beaches, golf and museums.

Tatamagouche Golf

Seaside golf is at its best along the Northumberland Shore.

  • Brule Point Golf: Oceanfront course, beautiful views and14 holes. 5 new dunes-style holes with traditional Scottish links mounding, fescues, bunkering, and generous bent-grass greens.
  • Fox Harb’r Golf Resort and Spa: visitors can enjoy our 18-hole championship course and our par-3 course, both designed by Golf Hall of Fame architect Graham Cooke. This par-72 (7253 yards) course is a magnificent blend of both Scottish links and traditional parkland golf situated along the spectacular rugged sea coast of the Northumberland Strait.
  • Northumberland Links: The 6313 (white tees), par 72 course, minutes from Pugwash, overlooking the Northumberland Strait, is one of Atlantic Canada’s most picturesque and challenging layouts.

Source Nova Scotia.com: http://www.novascotia.com/about-nova-scotia/regions/northumberland-shore/tatamagouche

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