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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

515 Harbour View Crescent, Cornwallis Park Ns B0s 1h0

3Bedroom(s)
2Bathroom(s)
AssignedParking(s)
16Picture(s)
1,400Sqft
Keller Williams Select Realty
C$179500

Residential For Sale

515 Harbour View Crescent, Cornwallis Park Ns B0s 1h0
3Bedroom(s)
2Bathroom(s)
AssignedParking(s)
1,400Sqft
Keller Williams Select Realty
Great opportunity to own a home in picturesque Annapolis Valley while having all exterior elements and maintenance looked after for you, as well as your lawn care and snow removal. This 3-bedroom, one and a half bathroom townhouse-style condominium has a fully fenced yard and plenty of space for the family. Five appliances come with the property and a shed for outside storage.
C$179500

Residential For Sale

515 Harbour View Crescent, Cornwallis Park Ns B0s 1h0
Keller Williams Select Realty
3Bedroom(s)
2Bathroom(s)
C$179500

Residential For Sale

433 Owl Drive, East Petpeswick Ns B0j 2l0

4Bedroom(s)
4Bathroom(s)
AttachedParking(s)
50Picture(s)
4,548Sqft
Royal LePage Atlantic (Dartmouth)
C$1200000

Residential For Sale

433 Owl Drive, East Petpeswick Ns B0j 2l0
4Bedroom(s)
4Bathroom(s)
AttachedParking(s)
4,548Sqft
Royal LePage Atlantic (Dartmouth)
This two year old, executive waterfront property is packed with stunning features and loads of personality. Situated on the shores of the bird sanctuary behind Martinique beach, let this home be your ultimate escape from the world, where you can enjoy no light pollution and only the soft sounds of the waves.
C$1200000

Residential For Sale

433 Owl Drive, East Petpeswick Ns B0j 2l0
Royal LePage Atlantic (Dartmouth)
4Bedroom(s)
4Bathroom(s)
C$1200000

Residential For Sale

2210 Shore Road, Eastern Passage Ns B3g 1h6

4Bedroom(s)
4Bathroom(s)
DoubleParking(s)
50Picture(s)
2,529Sqft
Century 21 Trident Realty Ltd.
C$634900

Residential For Sale

2210 Shore Road, Eastern Passage Ns B3g 1h6
4Bedroom(s)
4Bathroom(s)
DoubleParking(s)
2,529Sqft
Century 21 Trident Realty Ltd.
Coastal Living at Its Finest Welcome to 2210 Shore Road, Eastern Passage—your dream coastal retreat. This spacious 4-bedroom,3.5-bath home offers breathtaking ocean views and 2350 sq ft of finished living space on the main level, with an additional 2000 sq ft of potential development in the lower level.
C$634900

Residential For Sale

2210 Shore Road, Eastern Passage Ns B3g 1h6
Century 21 Trident Realty Ltd.
4Bedroom(s)
4Bathroom(s)
C$634900

Residential For Sale

9653 East Bay Highway, Irishvale Ns B1j 2b3

3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
50Picture(s)
1,184Sqft
Cape Breton Realty
C$424900

Residential For Sale

9653 East Bay Highway, Irishvale Ns B1j 2b3
3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
1,184Sqft
Cape Breton Realty
This Move-In Ready Home in Irishvale Cape Breton is ready to Welcome a new family. This captivating property perched on a scenic hill just east of the Irish Cove Lookout, offers panoramic views of the Bras d’Or Lake from nearly every room and combines peaceful seclusion with convenient access—just 30 minutes to St. Peter’s and 35 minutes to Sydney’s shops and services.
C$424900

Residential For Sale

9653 East Bay Highway, Irishvale Ns B1j 2b3
Cape Breton Realty
3Bedroom(s)
2Bathroom(s)
C$424900

Residential For Sale

Anchors Way Lot 31, East River Point Ns B0j 1t0

3Bedroom(s)
3Bathroom(s)
DoubleParking(s)
13Picture(s)
2,748Sqft
Sotheby's International Realty Canada
C$2267000

Residential For Sale

Anchors Way Lot 31, East River Point Ns B0j 1t0
3Bedroom(s)
3Bathroom(s)
DoubleParking(s)
2,748Sqft
Sotheby's International Realty Canada
The Ocean Is Calling... Boasting breathtaking westerly views over Chester Basin, The Pelagos at Bowen’s Brook Ocean Estates presents an unparalleled opportunity to experience coastal living at its finest. This new model home is your front-row seat to a constantly evolving landscape, where the tranquil beauty of the ocean meets the rugged charm of the coastline.
C$2267000

Residential For Sale

Anchors Way Lot 31, East River Point Ns B0j 1t0
Sotheby's International Realty Canada
3Bedroom(s)
3Bathroom(s)
C$2267000

Residential For Sale

1130 Prospect Road, Rockland Ns B0p 1e0

3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
49Picture(s)
2,100Sqft
RE/MAX Advantage
C$684900

Residential For Sale

1130 Prospect Road, Rockland Ns B0p 1e0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
2,100Sqft
RE/MAX Advantage
Your private rural home is found in this property coupled with an elegant style. The setting, 2+- acre serene lot located on the south mountain of the Annapolis Valley offers a sought after modern design with the perfect combination of country living. Surrounded by trees on a gently sloping lot a minor landscaping allowance is negotiable.
C$684900

Residential For Sale

1130 Prospect Road, Rockland Ns B0p 1e0
RE/MAX Advantage
3Bedroom(s)
2Bathroom(s)
C$684900

Residential For Sale

64-146 Provence Way, Timberlea Ns B3t 0n8

4Bedroom(s)
4Bathroom(s)
GarageParking(s)
26Picture(s)
2,551Sqft
Sutton Group Professional Realty
C$759900

Residential For Sale

64-146 Provence Way, Timberlea Ns B3t 0n8
4Bedroom(s)
4Bathroom(s)
GarageParking(s)
2,551Sqft
Sutton Group Professional Realty
The "RIDGE" -FH DEVELOPMENT GROUP proudly presents the "Ridge" in Phase 8 at Links at Brunello -Brunello Estates a one-of-a-kind, lifestyle, lifestyle community just 5 minutes from Bayers Lake Park and 20 minutes to Downtown Halifax! This community is not only for the golf enthusiast enjoy kayaking/canoeing, tennis, pickle ball, mountain bike park, cross country skiing and snow shoeing with Nordic
C$759900

Residential For Sale

64-146 Provence Way, Timberlea Ns B3t 0n8
Sutton Group Professional Realty
4Bedroom(s)
4Bathroom(s)
C$759900

Residential For Sale

81 Hansen Drive, West Pugwash Ns B0k 1l0

3Bedroom(s)
3Bathroom(s)
DoubleParking(s)
47Picture(s)
2,784Sqft
Keller Williams Select Realty (Truro)
C$899000

Residential For Sale

81 Hansen Drive, West Pugwash Ns B0k 1l0
3Bedroom(s)
3Bathroom(s)
DoubleParking(s)
2,784Sqft
Keller Williams Select Realty (Truro)
**Craftsman-Style Waterfront Home in Pugwash** Welcome to 81 Hanson Dr., Pugwash! This brand-new craftsman-style home spans 2,784 square feet on a beautifully landscaped 2.72 - acre lot with 257 feet of pristine waterfront. Nestled in a low-tide area with zero erosion, it faces the Pugwash Basin and allows for a dock in your backyard.
C$899000

Residential For Sale

81 Hansen Drive, West Pugwash Ns B0k 1l0
Keller Williams Select Realty (Truro)
3Bedroom(s)
3Bathroom(s)
C$899000

Residential For Sale

6 Arlington Avenue, Amherst Ns B4h 2s7

5Bedroom(s)
3Bathroom(s)
AttachedParking(s)
50Picture(s)
3,672Sqft
Coldwell Banker Performance Realty
C$439900

Residential For Sale

6 Arlington Avenue, Amherst Ns B4h 2s7
5Bedroom(s)
3Bathroom(s)
AttachedParking(s)
3,672Sqft
Coldwell Banker Performance Realty
Custom built Family Home with attached garage on over half an acre! Located at the end of a quiet street, just steps from downtown, this 5-bedroom, 2.5-bathroom home is the perfect space for a growing family. With an attached double-car garage and plenty of room inside and out, it offers both comfort and convenience.
C$439900

Residential For Sale

6 Arlington Avenue, Amherst Ns B4h 2s7
Coldwell Banker Performance Realty
5Bedroom(s)
3Bathroom(s)
C$439900

Residential For Sale

2 Torrington Drive, Halifax Ns B3m 1y2

5Bedroom(s)
4Bathroom(s)
No GarageParking(s)
50Picture(s)
3,707Sqft
RE/MAX Nova (Halifax)
C$899900

Residential For Sale

2 Torrington Drive, Halifax Ns B3m 1y2
5Bedroom(s)
4Bathroom(s)
No GarageParking(s)
3,707Sqft
RE/MAX Nova (Halifax)
Stunning 5-Bedroom Harbour view Property with Versatile Living & Income Potential Income-Generating Suites: • Main Floor In-Law Suite: Features a private entrance and independent living space. Estimated rental potential: Presently rented $2,000/month. • Lower-Level Suite: Includes a kitchenette, laundry, and private entrance. Estimated rental potential: Presently rented $1,800/month.
C$899900

Residential For Sale

2 Torrington Drive, Halifax Ns B3m 1y2
RE/MAX Nova (Halifax)
5Bedroom(s)
4Bathroom(s)
C$899900

Residential For Sale

389 Highway 320, Louisdale Ns B0e 1v0

4Bedroom(s)
2Bathroom(s)
DetachedParking(s)
49Picture(s)
3,150Sqft
Keller Williams Select Realty(Sydney,Townsend St.)
C$350000

Residential For Sale

389 Highway 320, Louisdale Ns B0e 1v0
4Bedroom(s)
2Bathroom(s)
DetachedParking(s)
3,150Sqft
Keller Williams Select Realty(Sydney,Townsend St.)
This charming 4-bedroom, 2-bathroom brick bungalow, located in the heart of Louisdale, offers a tranquil retreat with stunning water views. Perfectly situated across from the elementary school, it’s an ideal family home with plenty of space and modern updates.
C$350000

Residential For Sale

389 Highway 320, Louisdale Ns B0e 1v0
Keller Williams Select Realty(Sydney,Townsend St.)
4Bedroom(s)
2Bathroom(s)
C$350000

Residential For Sale

75 Wentworth Drive, Corberrie Ns B0w 3t0

4Bedroom(s)
2Bathroom(s)
AttachedParking(s)
38Picture(s)
1,530Sqft
Engel & Volkers
C$630000

Residential For Sale

75 Wentworth Drive, Corberrie Ns B0w 3t0
4Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1,530Sqft
Engel & Volkers
Nestled amidst the serene landscapes of Corberrie, 75 Wentworth Drive promises a bucolic retreat for locals or international buyers yearning for a slice of rural tranquility with a splash of lakeside splendor. This majestic acreage spans 2.91 acres, boasts a timeless post and beam log home overlooking the shimmering waters of Wentworth Lake with an impressive 338 feet of private water frontage.
C$630000

Residential For Sale

75 Wentworth Drive, Corberrie Ns B0w 3t0
Engel & Volkers
4Bedroom(s)
2Bathroom(s)
C$630000
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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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