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4 -- PORT PERRY STAR REAL ESTATE -- Tuesday, February 20, 1990 Seek legal advice before bu (From page 1) Searching title is the first priority. This must be checked to see if the seller owns the house or whether anyone has filed a claim or debt on the property you want to buy, and for which you might be liable. The results of the search should demonstrate that the house is located within lot lines. In addition, the building must comply with local zoning by-laws. No eaves, fences or buildings belonging to so- meone else should overlap onto the land you are buying. You will want to decide in whose name the title will be registered. Your decision may affect your estate. The two most common methods of multiple owner- ship are "tenancy in com- mon" and "joint tenancy." The difference between "joint tenancy" and "tenan- tenancy has the right of sur- vivorship. This means that if one spouse dies the other automatically becomes en- titled to the entire property. "Tenancy in common" is when a spouse dies, the un- dividied one-half interest of that spouse passes to the spouse's heirs in accor- dance with their will. Their will may or may not include the other spouse. If you're purchasing a condominium, remember to read the fine print in the condominium corporation's by-laws. There may be restrictions which will pro- hibit certain activities. These restrictions may not be suitable to your situation and needs. Before the real estate transaction is completed, the vendor may be required to discharge a pre-existing mortgage. In that case, the purchaser can insist on the mortgage being released on or before closing. Your lawyer will then receive a 'Statement of Ad- justments" from the ven- dor's lawyer which is a record of accounting bet- ween you and the vendor. These usually include deposit, sale price, and taxes remaining for the year. Also checked are the right of creditors over such things as furniture, fix- tures, stoves, (chattels) that are included in the pur- ying a new home chase price and warranties concerning such things as swimming pools and insulation. The professional services of a well-trained lawyer can assist you from the start of your real estate transaction to final registration. It's most important to find a lawyer you trust and feel comfortable with. This article is provided by the Ontario Real Estate Association (OREA) cy in common" is that joint OPEN HOUSE -- SATURDAY, FEBRUARY 24th -- 2 to 4 PM DIRECTIONS: Follow Highway 7A East from Port Perry to Bethany, follow signs. Your hostess, Bonnie Steele. BETHANY 4 year old brick and vinyl 3 bedroom backsplit, cen- tral vac, 100 x 220" lot, GM car pool nearby. Asking $164,900. Call Bonnie Steele 985-7386 or 985-3398. OPEN HOUSE -- SUNDAY, FEBRUARY 25th -- 1 to 3 PM DIRECTIONS: 2 Ridgeview Drive, Apple Valley, Port Perry. Your hostess, Debra-Ann Taylor : APPLE VALLEY ACE Contemporary 3 bedroom raised brick bungalow, 2 baths, finished family room with woodstove, oak cupboards and railings. Open and bright with in-town conve- nience. Extra large double garage. $229,900. A must to see Call Debra-Ann Taylor 985-7386 or 985-8881. OPEN HOUSES -- 2 STARTER HOMES Sunday, February 25th from 10:00 AM to 12:00 Noon DIRECTIONS: Scugog Island, East on 11th Concession to Sunrise Beach, follow signs. RECENTLY RENOVATED 2 bedroom, family size living room, airtight. Lot 95 x 185' irregular. $127,900. PORT PERRY'S LONGEST EST EYZINT Ie No] .NW ge] 3 NK@: LEAL] REALTOR TORONTO LINE 686.3931. SL TVITAV oN = TOTS ST: a0 Ragion For r= A: FETA 1128 SCUGOG STREET PORT PERRY 285-7386 PORT PERRY Penny Duncan Debra-Ann Taylor % Susan Bryant . 985-2014 . 985-9415 . 986-0687 . 985-0718 . 985-3110 . 985-3398 . 985-2526 EXCELLENT STARTER HOME Totally renovated 3 bedrooms, full bath, L-shaped living and dining room, laundry room. Located east of Port Perry for only $142,000. Call Steven Brouwer for appointment 985-7386 or 986-0687. Sunday, February 25th from 1:00 to 3:00 PM DIRECTIONS: 81 Williams Point Road, go east through Caesarea, 1st road on left, follow signs. 2 BEDROOM full basement, lake access, wrap-around deck, $129,900. Your hostess for both. Valerie Hoffman 985-7386 or 985-2526 oe SOUTH OF PORT PERRY 2 year old 3 plus 1 chalet style home with solid pine decor, cathedral ceilings, 4 skylights, 3 and 4 pc. baths, central vac, 2 car separate garage, storage shed. Settled in 14 plus acres of mature spruce trees. Listed at $349,900. For more information call Tom Schell 985-7386 or 985-9415. FE hg SEAGRAVE RIVERFRONT - ONLY $189,900. 3 bedroom 2 storey home with full basement, 2 baths, detached single garage on picturesque 1/2 acrelot with 115' frontage on the Nonquon River. Features large rooms and oodles of storage space, 3 woodstoves included. Call now, Debra-Ann Taylor 985-7386 or 985-B881. IN TOWN CONVENIENCE Brick and aluminum 3 bedroom sidesplit, plastered walls, upgraded broadloom, finished rec room, double car garage. A must to see at $209,000. Call Susan Bryant 985-7386 or 985-2014. ESTATE SALE - MANILLA $114,900. 1: storey home on Hwy. 7, 1/2 acre lot with small barn and some trees. Easy com- muting to Oshawa. Must sell quickly. Call Ernie Duncan for more information 985-7386 or 986-0055. MANILLA VILLAGE 3 bedroom custom built bungalow on 1/2 acre lot with 2 car attached insulated garage. Over 1600 sq.ft. of living area on main floor, sunroom, main floor laundry, cen- tral vac. Only $184,900. Worth your inspection. Call Bruce Cur- rie 985-7386 or 705-357-3392. READY TO GO AT $155,900. Downtown convenience in Port Perry. Ideal for the non-driver, close to everything. 3 bedrooms, 2 bathrooms, ground floor laundry, fenced yard. Call C. Malcolm Bliss 985-7386 or 985-3298. 110' of NONQUON RIVERFRONT - $233,000. Unique layout, scenic view from this fully finished 3 bedroom home, two 3 piece bathrooms. For more information call Christine Vander- niet 985-7386 or 986-0380. SCUGOG ISLAND $144,000. 3 bedrooms, walkout to deck overlooking lake. Upgraded kitchen, oak cabinets, all appliances included. Drilled well. Excellent starter. Call John Wolters 985-7386 or 986-4303. LAKE SCUGOG LAKEFRONT - FRONTAGE 3 bedroom + bungalow, full walkout basement, 1; baths, fireplace. Ask- ing $189,900. Call Cheryl Hill 985-7386 or 985-0718. EAST OF PORT PERRY 1.5 acres, south westerly exposure of Lake Scugog in area of fine homes. Permits are available. $89,900. possible vendor take-back. Call David Wood 985-7386 or 986-4986. BLACKSTOCK AREA - REDUCED 25 acre parcel with trees, 3 bedroom, 4 year old brick home with oak kitchen cupboards, full basement with woodstove, detached block garage / workshop. Easy commuting to Oshawa. Now priced to sell at $299,900. Call Penny Duncan 985-7386 or 986-0055. INDUSTRIAL CONDOMINIUMS North Port Industrial Park -- Just off Regional Rd. 8 dais, 10 INDUSTRIAL CONDOMINIUM UNITS from 1,400 sq.ft. Gas Heat, 550 Volt Power, 22' Clear Span Ceilings, 12 x 14' Drive-in Door, Paved Drive & Parking Lot, Occupancy Spring of 1990. Example: 22'6"" x 62° Unit (approx.) priced from $110,000. Call Mark Smith 985-7386 or 985-3110 ---