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12 The Canadian Statesman, Bowmanvillc, Wednesday, June 30,1993 Real Estate Deadlines and Policies Deadline for Wednesday Publication is Monday at 12:00 Noon. Any compensation for errors or omissions by The Canadian Statesman will be limited to the value of the space occupied by the error in the advertisement, l Please phone 623-3303 and ask for the Real Estate Sales Department How to Buy Your First Home New Durham College Skills Centre Nearing Completion Searching for and buying a home for the very first-time can be somewhat somewhat like taking a roller coaster ride; you don't always know what to expect, expect, except that there will probably be a few bumps and jolts along the way. When you consider that buying a home is probably going to be the single single largest purchase most of us will ever make, it's little wonder that the process can be somewhat frightening and a little overwhelming to most people. To help you sort through the process process and have a better idea of just what to expect, the Ontario Real Estate Estate Association is offering first-time purchasers copies of its popular, free - and recently revised book - called "How to Buy Your First Home," Response to Buyer Needs The 128-pagc guide originated two years ago in response to research . showing that potential first-time buyers buyers wanted a lot more information about the home-buying process. Now in its fourth printing, the casy-to-rcad book has been revised to reflect lower interest rates and down- payment requirements. For instance, at an interest rate of nine per cent, the cost per thousand (based on a 25-year amortization period) period) is $8.28. So, if you purchased a home with a mortgage of $100,000, your payments at this rate would be $828 per month. Some lending institutions are now offering short-tenn mortgages (usually (usually six months) at even lower rates. Based on a 25-year amortization, monthly payments at seven per cent would be $700, at six per cent they would be $600. From this simple example you can see what a difference a couple of percentage percentage points make. And keep in mind that lower interest rates not only affect your monthly payments, but also your ability to qualify for the mortgage in the first place. Generally, Generally, the lower the interest rate, the greater the amount you can borrow to finance your purchase. User Friendly Unlike some other books about home-buying, "How to Buy Your First Home" is designed to be user- friendly and makes no assumption that the reader has any previous knowledge of the home-buying process. process. It provides the basic building blocks to help you start your home search with confidence. The book leads you through the following stages: * Making the decision to buy; * Deciding what kind of home you can afford; * Investigating the marketplace; * Selecting and working with a lawyer; * Making an offer to purchase; * Arranging a mortgage and other costs; * Having the home inspected; and * Completing the transaction. Several worksheets and checklists are included in the book, to help "demystify" "demystify" the home-buying process even further. Using the book will help you understand understand the importance of working with a Realtor and what you can expect expect from these professionals. It will also help you shop for a mortgage more effectively and talk intelligently with your banker. A Realtor can help you with any questions you may still have after reading the book. For a free copy of "How to Buy Your First Home," simply call 1-800- 563-HOME. Elected officials from around the region got a first-hand look at the new Durham College Skills Training Training Centre this past Friday, June 25lh. Architect Dennis Bryan explains to MPP Drummond White exactly exactly what the motor vehicle maintenance shop will look like once construction is finally completed in mid August. Some students have already begun courses in the renovated facility. <s> cornerstone realty ltd., realtor 104 king st. e., bowmanville 623-6000 428-1206 (Toronto Line) RB/imX expedience gets results! ** Associate Brokers * Sales Representatives BETTERTHAN NEW! FOR JUST $121,900. One of the lowest priced above-ground detached homes on the market. Less than 2 years old and still covered by builder's [Warranty, this home has 3 I bedrooms, two 4 pc. baths, 1 paved drive and much more. Follow Liberty north to Freeland and follow signs to 18 Fenwick. Looking for home value? Call Rob Donnelly* today at 623-6000. EXTRAS - EXTRAS!! Spacious 4 level backsplit on attractive private loti! Only $147,800. Vinnle Gupta* ATTENTION IN-LAWS!! 4 bedroom home + 6 rooms finished on the lower level! Lots of room for the growing family! Only $128,900. Call Vinnie Gupta*, 623-6000 24 hr. or 987-1709 (res.) I, st* H Linda McLennan* Eat-in kitchen overlooks main floor family room. Ravine lot backs onto conservation area. $129,900. Follow Waverley Road to Lawrence Crescent to Cole Avenue. Follow signs. Hi OPEN HOUSE 9 COLE AVENUE SATURDAY, JULY 3 1:00 - 4:00 p.m. Call Linda McLennan* 623-6000 "v! David Passant** C0UNTRY LIVING 3 year new rancher, 156 x 207' landscaped lot with view for miles, custom built with large principal rooms, high unspoiled basement, strapped and insulated, immaculate condition, riding lawn mower included. Asking $169,900. Call David Passant**, Associate Broker 623-6000. 18 Years of Real Estate Experience In Durham Region. WILMOT CREEK Retirement village, lowest priced property now on the market, shows well. LISTED AT $39,900. PICTURE THIS! Pat Hurley* NORTH END! BOWMANVILLE EXECUTIVE $147,800. Central air and vac, new kitchen m ° ve ' n " gas fireplace, central and bathroom, family room with gas fire- a arm ' qua l ^ pi ace! that will last. $195,900. $33,500. NEWCASTLE HOME Only 4 years old with cathedral ceilings, many built-ins - in absolutely immaculate condition! Pat Hurley*, 623-6000 or 623-3899 Ron Moore* Warm summer days sitting on your deck sipping a cool one overlooking beautiful Long Lake in Haliburton. This lovely two bedroom winterized cottage on about one acre of land can be yours at just $99,900.' Call Ron Moore* 623-6000 or 623-9263 now! GET MOORE FOR YOUR MONEY AT REMAX! CALL FOR A NO OBLIGATION EVALUATION. COUNTRY STARTER ALMOST AN ACRE Rod Doris** Associate ■■mbkhhsi Broker 623-6000 Vendor wants it sold. 987-1832 $133,000 Res. For professionalism at Its best • call the name people recommend to friends. n Kay Brown* URGE COUNTRY KITCHEN Side entrance to downstairs, 3 + 1 bedrooms, finished rec room - patio French doors to living room. 49 Little Ave. Call Kay Brown* 623-6000 (24 Hour Pager) James Bush* James or Ellen Bush MORE FOR YOUR MONEY . 4 level semi with in-law suite. Close to amenities, double drive, huge fenced yard, needs some finishing touches. Call now, this one won't last. WHY NOT S-P-R-E-A-D O-U-T? 86-t- Acres in Kendal Hills, 3 bedroom brick bungalow with in-law suite. Mobile home with separate services, 5 car garage and 2 barns with services. Property fenced, presently used for evergreen nursery stock. Call now. NOT FANCY, JUST HOMEY 3 bedroom raised bungalow In north end. Family room, 2 - 4 piece baths, upgraded broadloom and paved drive Just waiting for your family's personal touch, call now. Ellen Bush** ....JT TIME BUYER Why not a trailer or a mobile home instead of paying rent. Many models lo choose, In several locations at a variety or prices. Call now and stop supporting your landlords. Don't Beat Around the Bush. Call James* or Ellen Bush** 623-6000 or 623-8512. 9 Paul DeJager* 623-6000 or 623-2712 (or details. FOR SALE OR RENT 2 units -1 - 3 bodrooms, renting nt $600.00/month plus utilltios. 1 • 2 bodrooms, ronllng nt $425.00/month plus ulilitlos Liiroo country lot In Orono backing onlo groonboll, walking distance lo schools and till nmonlllos. Asking $104,000. complolo. JUST LISTED-$154,900. Solid brick, custom built bungalow. Plaster construction, largo mature lot, minutes from Bowmanville. Easy access to highway, largo kitchen, walkout to dock, whirlpool ball), dolachod gnrago and much moro. Spotless. 51 ACRES WITH VIEW Excollont hobby farm, 15 mlnutos lo Bowmnnvlllo, 6 mlnulos lo Orono, Largo bam, granary, silo and much moro. Asking $239,000. Call lor dolnlls. MmmSSB&e COUNTRY WITH CONVENIENCE Ovor nn aero, custom built homo. Largo living room with solarium, sopnrnto dining room, oak kllchon, loads of room, groonhouso, work- shop and barn. Must soo, $179,000. Call lor dolnlls. DOUBLE YOUR SERVICE - CALL CAROL HALLMAN* OR DIANNE WARREN Office 623-6000 (24 hr. Pager) Carol Hallman* Dotnchod 1. 5,211. otoroy, 3 bodroomo, G oppllnncoo, mnlntonanco Iroo oxlorior, wrap-around dock, I lomo hao boon ron- ovalod. Doubla pnvotl dtlvo. * «Æ $89,900. Country club living. 2 bodrooms, Florida room, walkout to dock, uoo ol poll courco, pool, cauna, tonnlo courto, lawn bowling and olltor roc lacllllloo. Dlanno Warron* $1437000.' Nearly nowl 2 ■ 4 pc. baths, Hollywood oat-ln kllchon, 2 +1 bodrooms. I lomo fully llnlshod. Prolocslonally landscaped, Intorlocklng brick walk, Walkout to dock, largo private yard, % Call Carol* or Dianne* for moro info on these properties. (24 hr. pager) 623-6000/428-1206 (Tor. line) associate broker 623-6000 „ CALL FOR A FREE APPRAISAL 'Hew Located on a lovely, level 5.51 acre country lot at the south end of Orono. Choose either: $264,500. SPACIOUS CAPE COD WITH COUNTRY KITCHEN ^6* OR $239,000. TRADITIONAL FAMILY HOME WITH WRAP-AROUND PORCH Hiii' B -<V.. . -TÜ1 OR $164,500. UNIQUE COUNTRY HOMESTEAD Located on a rolling 2,5 acre lot east of Newcastle - with lake viowl A BOWMANVILLE BEST BUY! Lovoly two bodroom bungalow on liugo privato lot. Eat-in kllchon with walkout t<? largo dock. Main floor laundry. Dolachod gorago will) hydro. SALLY STAPLES" 623-6000 SALLY STAPLES** George Feddoma* All 2 bodroom units, well looked nltor building, north, comont llooro. Good tonanlo, Good Income. For further Information call Goorgo Feddoma* at 263-4451 or Romax Cornorstono 623-6000