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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

70 Forest Glen Road, Brookfield, NS B0N 1C0

3Bedroom(s)
1Bathroom(s)
GravelParking(s)
12Picture(s)
1,176Sqft
PG Direct Realty Ltd.
C$399000

Residential For Sale

70 Forest Glen Road, Brookfield, NS B0N 1C0
3Bedroom(s)
1Bathroom(s)
GravelParking(s)
1,176Sqft
PG Direct Realty Ltd.
Visit REALTOR® website for additional information. Modern 3-Bedroom Bungalow on 1.75 Private Acres in Brookfield! Set on a serene 1.75-acre lot, this ICF-constructed home provides exceptional energy efficiency and year-round comfort with a ductless heat pump and in-floor electric heating.
C$399000

Residential For Sale

70 Forest Glen Road, Brookfield, NS B0N 1C0
PG Direct Realty Ltd.
3Bedroom(s)
1Bathroom(s)
C$399000

Residential For Sale

18 Shamrock Drive, Fairview, NS B3M 3A6

2Bedroom(s)
1Bathroom(s)
SingleParking(s)
33Picture(s)
952Sqft
Royal LePage Atlantic
C$235000

Residential For Sale

18 Shamrock Drive, Fairview, NS B3M 3A6
2Bedroom(s)
1Bathroom(s)
SingleParking(s)
952Sqft
Royal LePage Atlantic
Welcome to 18 Shamrock Dr, your perfect blend of comfort, style and convenience in the heart of Fairview Estates, one of Halifax's most desirable mobile home communities and one of the most affordable options to live near downtown Halifax.
C$235000

Residential For Sale

18 Shamrock Drive, Fairview, NS B3M 3A6
Royal LePage Atlantic
2Bedroom(s)
1Bathroom(s)
C$235000

Residential For Sale

903 Highway 16, Monastery, NS B0H 1W0

4Bedroom(s)
2Bathroom(s)
SingleParking(s)
23Picture(s)
2,236Sqft
Keller Williams Select Realty(Sydney,Townsend St.)
C$249000

Residential For Sale

903 Highway 16, Monastery, NS B0H 1W0
4Bedroom(s)
2Bathroom(s)
SingleParking(s)
2,236Sqft
Keller Williams Select Realty(Sydney,Townsend St.)
Spacious 4-bedroom split-entry home in peaceful Monastery, offering a beautiful private yard surrounded by nature and tons of potential to make it your own. With an oil furnace and pellet stove for efficient heating, this property is perfect for families or anyone looking to create a warm, welcoming space.
C$249000

Residential For Sale

903 Highway 16, Monastery, NS B0H 1W0
Keller Williams Select Realty(Sydney,Townsend St.)
4Bedroom(s)
2Bathroom(s)
C$249000

Residential For Sale

6653 Highway 340, Weaver Settlement, NS B0W 3T0

2Bedroom(s)
1Bathroom(s)
DirtParking(s)
30Picture(s)
936Sqft
RE/MAX Banner Real Estate(Meteghan River)
C$150000

Residential For Sale

6653 Highway 340, Weaver Settlement, NS B0W 3T0
2Bedroom(s)
1Bathroom(s)
DirtParking(s)
936Sqft
RE/MAX Banner Real Estate(Meteghan River)
Located in the quiet community of Weaver Settlement, this cozy fixer has lots to offer! 2 bedrooms and a spacious bathroom with a walk in shower with a seat. New wood/oil furnace and oil tank and the hot water heater and water pump have been replaced in the last 10 years. This house is accessible with a newer wheelchair ramp (2018). There are gardens and trees on the 100 ft w x 200 ft lot.
C$150000

Residential For Sale

6653 Highway 340, Weaver Settlement, NS B0W 3T0
RE/MAX Banner Real Estate(Meteghan River)
2Bedroom(s)
1Bathroom(s)
C$150000

Residential For Sale

545 Brinton Road, Port Lorne, NS B0S 1R0

3Bedroom(s)
2Bathroom(s)
GravelParking(s)
50Picture(s)
1,410Sqft
Royal LePage Atlantic (Greenwood)
C$380000

Residential For Sale

545 Brinton Road, Port Lorne, NS B0S 1R0
3Bedroom(s)
2Bathroom(s)
GravelParking(s)
1,410Sqft
Royal LePage Atlantic (Greenwood)
A true escape in any season! Welcome to 545 Brinton Rd in the seaside community of Port Lorne! Perched to take advantage of the stunning Bay of Fundy sunsets, the inviting wrap around veranda is the perfect spot to enjoy an evening beverage while taking in the view.
C$380000

Residential For Sale

545 Brinton Road, Port Lorne, NS B0S 1R0
Royal LePage Atlantic (Greenwood)
3Bedroom(s)
2Bathroom(s)
C$380000

Residential For Sale

71 Thistle Street, Falmouth, NS B0P 1L0

2Bedroom(s)
2Bathroom(s)
SingleParking(s)
32Picture(s)
1,083Sqft
Royal LePage Atlantic - Valley(Windsor)
C$424900

Residential For Sale

71 Thistle Street, Falmouth, NS B0P 1L0
2Bedroom(s)
2Bathroom(s)
SingleParking(s)
1,083Sqft
Royal LePage Atlantic - Valley(Windsor)
Welcome to 71 Thistle Street, a bright and inviting semi-detached bungalow located in The Meadows subdivision in Falmouth. This quiet, friendly community offers the perfect blend of peaceful living and convenience, just minutes from Windsor. Only three years young, this home is ideal for those seeking the ease of one-level living.
C$424900

Residential For Sale

71 Thistle Street, Falmouth, NS B0P 1L0
Royal LePage Atlantic - Valley(Windsor)
2Bedroom(s)
2Bathroom(s)
C$424900

Residential For Sale

Saddle Island And Associated Lot, Malagash Point, NS B0K 1E0

2Bedroom(s)
2Bathroom(s)
OtherParking(s)
29Picture(s)
1,600Sqft
Engel & Volkers
C$2500000

Residential For Sale

Saddle Island And Associated Lot, Malagash Point, NS B0K 1E0
2Bedroom(s)
2Bathroom(s)
OtherParking(s)
1,600Sqft
Engel & Volkers
Saddle Island is a jewel set in the warm waters of the Northumberland Strait offering a dynamic range of ever-changing panoramas and scenery, from the extensive inner sand bars to the rugged outcrops facing out into the ocean, to the trees and plants decorating this 60 acre island that boasts 2 miles of oceanfront.
C$2500000

Residential For Sale

Saddle Island And Associated Lot, Malagash Point, NS B0K 1E0
Engel & Volkers
2Bedroom(s)
2Bathroom(s)
C$2500000

Residential For Sale

1165 Lanzy Road, North Kentville, NS B4N 2V1

3Bedroom(s)
2Bathroom(s)
DetachedParking(s)
32Picture(s)
1,374Sqft
Keller Williams Select Realty (Kentville)
C$349900

Residential For Sale

1165 Lanzy Road, North Kentville, NS B4N 2V1
3Bedroom(s)
2Bathroom(s)
DetachedParking(s)
1,374Sqft
Keller Williams Select Realty (Kentville)
One-of-a-Kind Layout, Full of Potential! Set on quiet Lanzy Road, just minutes from Aldershot Elementary and all the amenities of Kentville, this unique property offers space, versatility, and charm.
C$349900

Residential For Sale

1165 Lanzy Road, North Kentville, NS B4N 2V1
Keller Williams Select Realty (Kentville)
3Bedroom(s)
2Bathroom(s)
C$349900

Residential For Sale

207 St. Andrews Street, Stewiacke, NS B0N 2J0

2Bedroom(s)
1Bathroom(s)
DoubleParking(s)
37Picture(s)
936Sqft
Keller Williams Select Realty
C$374900

Residential For Sale

207 St. Andrews Street, Stewiacke, NS B0N 2J0
2Bedroom(s)
1Bathroom(s)
DoubleParking(s)
936Sqft
Keller Williams Select Realty
Welcome to 207 St Andrews St.! Located in beautiful Stewiacke, this home is ready for you to move right in and start the BBQ. Only 4 years old, one level living with zero stairs, featuring 2 good sized bedrooms, open concept main living area with ample storage and ductless heat pump, a large laundry/utility room leading out to the back deck- complete with privacy wall.
C$374900

Residential For Sale

207 St. Andrews Street, Stewiacke, NS B0N 2J0
Keller Williams Select Realty
2Bedroom(s)
1Bathroom(s)
C$374900

Residential For Sale

10 Kenlock Drive, Main-à-dieu, NS B1C 1Y4

3Bedroom(s)
1Bathroom(s)
SingleParking(s)
25Picture(s)
768Sqft
3% Realty Nova Scotia
C$179000

Residential For Sale

10 Kenlock Drive, Main-à-dieu, NS B1C 1Y4
3Bedroom(s)
1Bathroom(s)
SingleParking(s)
768Sqft
3% Realty Nova Scotia
Wake up to breathtaking ocean sunrises and the tranquil sounds of nature in this charming coastal retreat, perfectly positioned in the heart of Main-à-Dieu, Nova Scotia.
C$179000

Residential For Sale

10 Kenlock Drive, Main-à-dieu, NS B1C 1Y4
3% Realty Nova Scotia
3Bedroom(s)
1Bathroom(s)
C$179000

Residential For Sale

3013 Highway 325, Wileville, NS B4V 5H4

2Bedroom(s)
1Bathroom(s)
No GarageParking(s)
50Picture(s)
1,252Sqft
EXIT Realty Inter Lake
C$325000

Residential For Sale

3013 Highway 325, Wileville, NS B4V 5H4
2Bedroom(s)
1Bathroom(s)
No GarageParking(s)
1,252Sqft
EXIT Realty Inter Lake
Just minutes from the heart of Bridgewater, this sweet 2-bedroom, 1-bath home in Wileville is packed with charm and move-in ready updates—perfect for first-time buyers or anyone looking to downsize in style. Step inside to discover a bright and cozy layout with fresh finishes throughout.
C$325000

Residential For Sale

3013 Highway 325, Wileville, NS B4V 5H4
EXIT Realty Inter Lake
2Bedroom(s)
1Bathroom(s)
C$325000

Residential For Sale

353 1 Shore Drive, Bedford, NS B4A 2C7

2Bedroom(s)
2Bathroom(s)
AssignedParking(s)
50Picture(s)
1,395Sqft
Keller Williams Select Realty
C$649900

Residential For Sale

353 1 Shore Drive, Bedford, NS B4A 2C7
2Bedroom(s)
2Bathroom(s)
AssignedParking(s)
1,395Sqft
Keller Williams Select Realty
Searching for a Bedford condo with stunning water views? Look no further than 353 1 Shore drive. This almost 1400sqft condo is vacant and ready for new offers. This is a 3 floor unit townhome styled. On the main floor you find a large entryway, large living room or living dining combo and kitchen with lots of cupboard space and a peninsula. All with water views of the bedford basin .
C$649900

Residential For Sale

353 1 Shore Drive, Bedford, NS B4A 2C7
Keller Williams Select Realty
2Bedroom(s)
2Bathroom(s)
C$649900
4715 Results returned.Per Page
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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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