The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

14 The Canadian Statesman, Bowmanville, May 8,1991 Clinching the Deal On Your New House If you've just purchased a home -- whether your're a first or fourth-time buyer « you're probably still experiencing experiencing all the excitement and anticipation that comes with having your offer to purchase accepted. And while it may seem like everything's finalized, there are still many items that' must be taken care of. For instance, have you adequately adequately planned for the closing? closing? Closing is the point at which ownership and usually usually possession of the property is transferred from the seller seller to you. It takes place after the parties involved agree that all legal and financial obligations nave been met. Many people - including yourself - have a role in events leading up to the process. process. The Realtor and your lawyer will guide you through the many steps involved, involved, but the following outlines some points to keep in mind and expect as you move closer and closer to the "big day." . You should make sure a copy of the signed Agreement Agreement of Purchase and Sale is sent to your lawyer as soon as possible. The Realtor Realtor will usually do this for you. Your lawyer needs to see any conditions which exist exist and the date that you and the seller have agreed to close on. ! Your lawyer will ask you and anyone else involved in the purchase with you how you want to be registered on the title to the property. You should also make sure that you begin satisfying satisfying any conditions of the agreement that require your action, as soon as possible. These conditions have definite definite dates associated with them and if you miss one, you may have to arrange an extension or possibly risk losing the entire deal. As each condition is met, the Realtor will fill out a waiver form for signatures. This document states that the condition has been satisfied satisfied and is no longer part of the agreement. Most lawyers lawyers won't begin doing any of the tasks they have to complete until the conditions conditions are waived. This saves you money, if for any reason the deal falls through due to an unmet condition. Once all the conditions have been met, your lawyer will begin searching title to the property. This can be an involved and time- consuming process of going back through government records to be sure the seller has clear title and it can be transferred to you without any problem. It you like, your offer should contain a condition that the property pass inspection inspection by a professional home inspector. Make sure that you have the inspection REALTOR @5$ REAL estate limited B ■ George Roberts 19 Scugog St., Bowmanville 623-4428 George Van Dyk is pleased to announce announce that George Roberts has returned returned to his firm after an absence of several years. George brings with him years of real estate experience in this area, plus knowledge gains in recreational properties during his employment in the Georgian Bay area. George will be pleased to hear from his friends, clients and Legion comrades. Please call George with any real estate enquiries. He will be happy to asist you in any way he can, office 623-4428, home 623-0077. eel van Prospective Purchasers look to Edvan Realty because of our proven record of success. Thinking of selling your home? Call me now and I will arrange for a market evaluation of your home without cost or obligation: /■' " Over 14 years experience." Wilma Entwisle Edvan Realty Ltd. 214 King St. E., Bowmanville Res. (416) 786-2911 Bus. (416)623-4445 Tor. (416) 686-0477 PETER KOWAL Real Estate Limited 52 King Street West, Bowmanville 623-2453 SERVING BOWMANVILLE & AREA SINCE 1955 NEW LISTING! Great starter home in Orono. Spic and span 3 bedroom home with front sunporch and rear deck. Nice fenced and hedged yard. Low maintenance alumimum siding, recent JUST $135,900. Call furnace, 200 amp. service. . Salesman Mac McDonald at 623-2453 or 623-7717 VALUE AND CONVENIENCE! Well built 3 bedroom brick bungalow adjacent to Bow- manville Mall and close to hospital. Eat-in kitchen with built-in range; spacious main floor family room with fireplace; fireplace; convenient mud room and two side entrances; walkout to deck and yard; hardwood floors and plaster interior. interior. PRICE REDUCED TO $144,900. ENJOY THE LAKE YEAR ROUND! 2 bedroom stucco cottage on 50 ft. x 260 ft. lot at Cedar Crest Beach on Lake Ontario. Don't miss this opportunity. opportunity. ASKING JUST $139,000. Call Salesman John Bate at 623-2453 or 623-2127. PRICE REDUCTION This 10 acre estate south of Orono has had the price reduced reduced by $100,000. Beautiful park-like grounds with winding trout stream - 4 bedroom home with family room with stone fireplace and walkouts on 2 levels, double garage, garage, metal barn, heated workshop. Home is air- conditioned and has custom outdoor lighting and loads of paved parking. NOW JUST $369,000. Call Salesman Mac McDonald for an appt. 623-2453 or G23-7717. BUILDING LOTS Hwy. #45, Rosenoath $49,500. Rack Island, Rico Lake $51,900. Simpson Ave„ Bowmanville $119,000. Call for more information 623-2453 your befoi Builders Pan Budget done within the time established established by the condition, to ensure tne house is in good shape and that you want to proceed with the purchase. If there isn't a current land survey of the property, you should arrange for one soon. Your lender may require require it, and you'll want it for your own peace of mind. Also be sure to contact your lending institution to have them begin the process of finalizing your mortgage documents. Ask if your lawyer lawyer can draw up the documents; documents; this will usually save you money. If you haven't formally applied for a mortgage mortgage yet, it's time to begin! Your lawyer will contact the vendor's lawyer with any questions or issues regarding regarding title and closing adjustments adjustments that must be resolved resolved before closing can take place. Also remember the hydro, gas and water companies servicing the property will be contacted by your lawyer for final meter readings on the day of closing. Your lawyer lawyer will also make sure these utilities have no outstanding outstanding claims against the property for unpaid bills. You should contact the utilities, telephone company and cable company to arrange arrange for services to be put in your name. Your lawyer will also make sure that property taxes taxes on the house are up-to- date, local zoning and building building restrictions have been met and there aren't any liens liens on personal property (such as appliances) to be sold with the house. You want your lawyer to make sure that what you've agreed to buy is what you'll get - nothing more and nothing less. If your lender is not going to draw up the mortgage papers, papers, your lawyer will do this for you. When a vendor- take-back mortgage is involved, involved, your lawyer will create this document too. If you're assuming an existing existing mortgage, make sure yourYe qualified to assume it by contacting the lending institution, and have your .lawyer review any documents documents you'll be signing. Your lawyer will review and verify the draft deed, statement of adjustments, and other closing information information provided by the seller's lawyer. He or she will also deal with the problems as they arise. A day or two before the closing, you'll meet with your lawyer to go over and sign the closing documents. When you go to that meeting, meeting, take the certified cheoue(s) to cover the costs involved - including the balance balance due on closing. Your lawyer will let you know what the amounts are before the meeting. , You should also contact our insurance agent well 'ore closing to arrange homeowners' insurance coverage coverage to become effective on the date of closing. They may not issue you a policy before that date, but your agent can give you a "binder" "binder" letter, certifying that coverage is in place. You may need to produce this document before closing. You may also want to talk to your agent about mortgage life insurance. June Is WI Month In Ontario During this time we hope that all the media feature aspects of the work of FWIO and its members to assist all who live in Ontario, Some ideas to look at: 1. FWIO is the winner of the Outstanding Organization Organization from Recycling Council of Ontario. 2. Rural Child Core Survey Survey in conjunction with F WIG. Just released. The only survey that looks at Rural Rural Child core throughout all of Canada. 3. Tweedsmuir Histories recording the histories of the rural communities where there is a WI branch. 4. Agricultural Issues. FWIO's representative Joyce Anderson is Chairing Agri- Food week in Ontario. 5. Butler Project - Oxford County WI, placing a kit of Ross Butlers paintings of form animals in over 5,000 schools in Ontario. 6. Dedication to local communities, Inst year they donated half a million volunteer volunteer hours worth $6 million. Wo arc the only rural women's organization that deals with all the issues that affect anyone who lives in rural Ontario. The province's home building industry will have to look deep and hard in the pages of today's budget to find consolation for its employees employees and its consumers, according to the Ontario Home Builders' Association. "The Province has recognized recognized that the residential construction industry is going going to lead Ontario's economy economy out of the current recession," recession," says Association president A1 Libfeld who notes that the industry is the only sector forecast to experience double-digit growth over the next few years. "Unfortunately, the only direct assistance being provided by the government is in the form of socially- assisted housing." The increase of 10,000 non-profit housing units is welcome news for many people. people. It provides the opportunity opportunity to get workers back to work on many projects, a desperately needed change from the current pace of activity. activity. Non-profit housing, however, is only one segment segment of the market. Mr. Daryl Hudgin, President President of the Oshawa-Durham Home Builders' Association, emphasizes that, "nowhere in the pages of the Budget do we see reference to making making government land available available for housing or moves to speed up the red-tape of the approvals process. These things would address the housing crisis at its roots." The Association believes that the deficit js going to have a major impact on the speed of tne economy's recovery. recovery. An already jittery business community was expecting expecting a major deficit but the $10 billion deficit is going going to hit hard and will dampen the housing sector's rebound. One of the positive signs in the Budget was the creation creation of a dedicated Capital Fund. The Fund will assist in getting much-needed infrastructure infrastructure built by recognizing recognizing it as an investment rather than simply an expenditure expenditure from current year's revenues. "For too long governments governments have paid lip service to the physical services which serve as the foundation foundation of our prosperity. It appears appears that this government has finally woken up to the fact that we need to seriously seriously finance the construction of roads and sewers," says Mr. Hudgin. The Ontario Home Builders' Builders' Association is the voice of the province's residential construction industry. Distributed Distributed throughout 34 local associations, OHBA's 4,000 member companies produce approximately 80 percent of Ontario's new housing. HOCKIN REAL ESTATE 123 KING ST. EAST, BOWMANVILLE 623-4115 us EXTRA URGE SEMI With potential for five bedrooms or main floor family room. Separate dining room,i eat-in kitchen with pine walls, walkout from kitchen to large deck. With a good-sized yard and being close to schools, this is an excellent family home. Call to view. $139,900. DID YOU SAY-OVERSIZED WORKSHOP? Quiet country bungalow on 1.72 acres. Features Features an Inground pool, satellite dish, 20' x 40' Insulated workshop complete with hydro, hydro, phone and double doors. Suits lancf- scaper/gardener/auto mechanic. Reduced to $194,900. SAILORS WANTED Enjoy the benefits of luxury condo living at the Port Darlington Marina Villas on Lake Ontario. Condo fees Include water, sower, cable, maintenance, Insurance and use of the private recreation centre. Call now to View. $244,900. ACCENT ON VALUE Priced to sell near 401 in Bowmanville. You donl need a big fat pocketbook to afford this 3 bedroom home. Get a jump ahead of the market and laze around your own pool. Priced at a modest $152,900. MARGARET BAIN Sales Representative BUILDERS TAKE NOTE Vacant lot suit able for semis in central Bowmanville. Lot near Ontario St. School serviced with two water and sewer connections. Level site with good road access. $100,000. ' GOOD TASTE Exquisitely decorated and cared 1er, tour-bedroom, two-storey home with finished walkout basement. Many extras Include double front door and Inground pool. Good location In Bowmanville one minute from 401. t224,9Q0. VILLAGE SETTING ALMOST NEW Newer 4 bedroom two storey, all brick to the eaves; over 1/4 acre lot. Ravine at the back. Features a gas fireplace and a large Inground pool. Listed at $229,600. CENTRAL LOCATION Well-kept, older bungalow on large lot, dose to hospital, schools and shopping. Two bedrooms, detached garage. $129,500. $52,400. - Mobile home, Newcastle. $67,500. -14 x 60 mobile, Fleetwood Park. $108,500. - 2 bedroom brick bungalow. $125,000. - 4 bedrooms, 2 storey, 73 x 168 ft.'lot. $126,900. - 4 bedroom backsplit semi. $139,900. - 4 bedroom 2 storey detached. $149,900. - 3 year old raised bungalow. $129,500. - Legal duplex, 76 x 260 ft. lot. $169,900. - NW Oshawa bungalow, pool For these and many other properties, Call David Passant** 623-6000 or 623-3408 RETIRE IN STYLE 2 bedrooms in Wilmot Creek, close to the rec centre, new carpeting, great spot to relax.' Only $94,900. IjwAj. RESIDENTIAL/COMMERCIAL HOME Zoning allows for home occupation, occupation, 3 car garage, large lot, central location. Many possibilities. possibilities. Only $233,300. For information on these and more call Gord Hooey* or Kathy Riley* 623-6000 PROSX2 = RESULTS "THINK" Your own lakefront lot, 2 bedrooms. large APPEAUNG, CHARMING + IMMACUUTE Beautiful 2 bedroom 1 - 4 pc. and 1 - 2 pc. baths, finished rec room, attached 1.5 car garage, excellent location and large fenced yard. FOR ADDITIONAL INFORMATION CALL Lionel Edmonson at 623-6000 (Off.) or 432-1633 (Res.) 24 Hr. Pager 10 ACRES-GREAT INVESTMENT Only minutes from town, easy access to 401, less than 10 minutes to Oshawa. Large 3 bedroom sidesplit with 2 car garage with walk-in to house and basement. Large oak kitchen, kitchen, main floor laundry and more. Only $359,000. Call Paul DeJager, 623-6000. 3 bedroom bungalow with attached oversized garage, walkway from garage into house, open concept. New shingles, furnace, heat pump, HWT septic and more. A real buy at $159,900. Call Paul De Jager 623-2712 or ,y ' BUILD YOUR V .'Sit DREAM ON 2.5 ACRES 2 lots to choose from. ■ il Both complete with wells, near park. $124,900. Call Paul DeJager 623-6000, FISH IN YOUR OWN BACKYARD 4 bedroom home with walkout from living room, over 500 ft. of road frontage, large country kitchen and attached attached garage. Only $144,900. Call Paul DeJager 623- 6000. Call Paul DeJager 623-6000 or 623-2712. ltd. 428-1206 (Toronto Line) " Associate Brokers * Sales Representatives : ./ Doug Humphrey*' Alf Annis** Kay Brown* Paul DeJager* Shirley Dubroy* Lionel Edmonson** Vinnie Gupta* Carol Hallman* Gord Hooey* JoAnn Jukes* Tony Klompmaker** Linda McLennan* Maurice Moon* Paul Pasgas* David Passant** xjyg Kathy Riley* Sally Staples** Dianne Warren* ; V JUST LISTED $148,800. Lovely all brick bungalow, detached garage/workshop, Insulated. 3 large bedrooms, country kitchen, finished rec room, situated on 75 x 200 ft. lot. Located 20 minutes from Bowmanville (Caesarea). Call Joann Jukes* 623-6000 WHAT A VIEW+4 ACRES $219,000. Custom built 3 bedroom brick bungalow, finished basomentwith walkout, tioldstone fireplace, shows well. Please Call Alf Annis**, Assoc. Broker CUSTOM HOME - $149,900. 2 ACRES Superb 3 bedroom bungalow, only 5 years old, set on 2 acres, 1/2 hour to town. 2300 SQ. FT. PREMIUM LOT .. - X J4 . COUNTRY ESTATE Custom built on 11 acres with creek, minutes north of Bowmanville. To view please call Maurice Moon*, Sales Rep., 623-6000 or 432-7200. PRIVACY PLUS! 3 bedroom raised bungalow bungalow on 10 acres. Above ground pool, 20' x 50' barn with fenced paddock. 2 sheds. Seasonal Seasonal creek at back. Asking $249,900. Linda McLennan* 786-2440 (Res MILLBROOK BEAUTY I 4 level, 3 bedroom backsplit. Eat-in kitchen, separate dining room, family room with walkout to deck, 1 - 4 pc., 1 - 3 pc. bathrooms. bathrooms. Lot backs onto open field. Asking $149,900. 623-6000 (Bus.) or .) 24-Hr. Pager TRY AN OFFER ON THIS RANCHER With double garage having 220 volt - 60 amp service, detached single garage, beautiful ranch bungalow, 3 + 1 bedrooms, floor-to-ceiling fireplace, 1 - 4 and 1 - 3 pc. baths, finished recreation room, 16 x 32' inground pool with dome. Asking $235,000. Call Kay Brown 623-6000 or 623-3150 OPEN HOUSE SAT., MAY11TH 2-4 p.m. 21 Rossalynne Cres., Bowmanville 3 bedrooms, 2 baths, rec room with fireplace, large lot. Waverley S. to Rhonda, follow to Rosalynne. OPEN HOUSE SUN., MAY 12TH, 1-3 p.m. 97 MARTIN RD. S., BOWMANVILLE 3 bedrooms, 2 baths, family room, rec room. Hwy. 2 to Martin Martin Rd. S. FOR FURTHER INFORMATION PLEASE CALL Off. 623-6000 DIANNE WARREN* Res. 987-5654 Toronto Line 428-1206 FREEHOLD TOWN HOME (No condo fees) $123,500. OPEN HOUSE SUNDAY, MAY 12-1 - 4 p.m. 52 Galbraith Crt., Bowmanville off Hwy. 2 across from plaza 5 appliances included, sliding glass walkout, single garage, garage, upgraded grey carpet and underpad. $2,000 value in light fixtures plus all window coverings. Professionally decorated, shows like a dream. See you Sunday, 1 - 4 p.m, Shirley Dubroy* 623-6000 or 579-9450 OPEN HOUSE SUNDAY, MAY 12 1-4 p.m. | 40 Nelson St., Bowmanville 3 + 1 bedroom bungalow, 2 baths, rec room, all on 50 x 120 ft lot. Only $139,900. Dir: 401 to Liberty St. South, Hwy, 2 to Liberty , north to Nelson St. West. Please follow follow signs. For these and other properties In area, please call Vlnnle Gupta* at 623-6000, 24 Hr. Pager or 987-1709 Res. SPACIOUS BACKSPLIT, NEWCASTLE-$172,900. BRICK BUNGALOW 100' X 220' LOT EXECUTIVE HOBBY FARM, ORONO-$294,900. OPEN HOUSE - SUNDAY, MAY 12,2 - 4 p.m. Take Hwy. 115. Exit at Tamblyn Rd. Watch for the signs. CALL DOUG HUMPHREY or broker/owner 623-6000 3 BEDROOM SEMI, DEEP LOT.-$105,000. fit a. JifS IBM SALLY STAPLES associate broker CLOSE TO SCHOOLS, IMMACULATE IMMACULATE - $134,900.