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The Canadian Statesman, Bowmanville, Wednesday, February 23,1994 13 Create a Perfect Team When Buying or Selling Your Home Several Recommendations from Forum on Education Approximately 20 people participated at the Education Forum held by the Northumberland Claring- ton Board of Education on Saturday, Feb. 19. Here Jake Koene, Rose Hately, Carolyn Sproatt, Lorraine Aiponent, and Catherine and Gail Elliott look at some of the issues in the area of curriculum. Some of the recommendations from the forum include: standardized testing, individual achievement levels, compulsory compulsory research and writing, more industry involvement in curriculum, reassessment of special programs programs like French Immersion, de-streaming, an option for non-reading based learning experience, a re- evaluation of the current sex-education programs because of potential drains on health care system in the future and zero tolerance on issues of sexual and physical harassment. Now is the Perfect Time to Move Up to a Bigger Home This article is provide by local Realtors Realtors and the Ontario Real Estate Association Association (OREA) for the benefit of consumers in the real estate market. If you're thinking of buying or selling a home, think of yourself as a coach assembling a team of diverse players. Undoubtedly, you'll want a lawyer on your team to review all important important documents, and you'll want your spouse and children to play on the team as well. But make sure you don't overlook your most valuable player - a Realtor. If you're like most consumers, you probably think that every licensed licensed real estate person is a "Realtor". "Realtor". This simply isn't so. When you deal with a Realtor, you're dealing with a member of organized organized real estate. The term "Realtor" "Realtor" is a trademark which refers to real estate practitioners who are members of the Ontario and Canadian Canadian Real Estate Associations. High Level of Service Regardless of whether you're a purchaser or vendor, when you work with a Realtor, you can feel confident knowing you'll receive the highest level of service, honesty and integri- Now's the Time to Trade Up This article is provide by local Realtors Realtors and the Ontario Real Estate Association Association (OREA) for the benefit of consumers in the real estate market. If you're beginning to feel like your present abode is a bit cramped and over-crowded, it just might be time to think about moving up to a larger home. After all, few homeowners homeowners would disagree that ah extra bedroom bedroom would be much welcomed - not to mention more closet and storage space, and maybe a larger yard for the kids and/or pets to romp in. If you're toying with the idea, the timing has been better. Not only are interest rates incredibly low, but in many areas of the province, prices of larger, more expensive homes have dropped much more dramatically than homes in the low-to-medium price range. As a result, a home that might have seemed just beyond your affordability five or eight years ago might now be well within your financial financial comfort zone. You still might be hesitant because because your home may have decreased in value during the recession. But as long as the home you purchase, has lost more value, you're ahead of the game. Example Look at it this way! Say you purchased purchased your home for $160,000 a few years ago at interest rates of 12,13 or 14 per cent. With a 25 per cent down payment, your carrying cost at 12 per cent would have been just over $1,200 per month. Today, your home may have decreased by a few thousand thousand dollars - but the larger home you're interested in purchasing is listed listed at $220,000. Five years ago, the same house may have been $280,000 or more. Back then, at higher rates, such a move was out of the question. Today, at a lower price and lower interest rates, the debt load is much less cumbersome. cumbersome. At today's interest rates of seven per cent or less, you can carry a $220,000 home for less money than a $160,000 home three or four years ago. And, with lower interest rates, you may find that you only need to take on an additional $50,000 or $100,000 in financing compared to what you borrowed for your first home. Comparison Chart 1990 - Home Cost: $160,000, Interest Interest Rate: 12%, Carrying Cost: $1,238 per month.* 1994 Home Cost: $220,000, Interest Rate: 7%, Carrying Carrying Cost: $1,155 per month.* * Assumes a 25% down payment and a 25-year amortization period. What you have to consider is whether you can comfortably afford the costs of operating a larger home - including higher maintenance, taxes and insurance payments. (Also keep in mind that interest rates could go up again in the future). You'll have to take a good, long look at your finances and decide Pet of the Week Ziggy is a neutered male with plenty of energy. The gorgeous gorgeous orange cat with a magnificent tail loves looking out windows and snooping around. He was purring all through his photo session witli The Statesman. If you have a home for this affectionate and amusing pet, give the Animal Shelter a call. Animal Shelter 623-7651 Sponsored by: MUNICIPALITY OF (^larincjton ONTARIO whether you're really willing and able to handle a somewhat larger debt load. The other figure you'll have to factor in is the cost of discharging your existing mortgage. (After all, if you're still locked in at a higher- than-current rate, you can't expect a purchaser to be particularly interested in assuming it.) Invaluable Service When you decide to put your home up for sale, be sure to enlist the services of a real estate professional. A Realtor's services are invaluable in making sure your home receives maximum exposure. He or she won't take it for granted that you know all the ins and outs of the selling process. process. When you deal with a Realtor, you can expect not only strict adherence adherence to provincial laws, but also adherence adherence to a Code of Ethics. So, when you decide to trade up, don't forget about your most valuable valuable team player. / , / Students Receive Final Results from Piano Examinations Students of Ross Metcalf tried their Royal Conservatory of Music Winter exams recently in Toronto and all candidates were successful. Janet Moore tried Grade V Piano and received Honours. Andrew Cook tried Grade II Piano Piano and received First Class Honours. Honours. Shannon Vetzal tried her Grade I Piano and received First Class Honours. Honours. Erin Chlew tried Grade HI Singing Singing and was awarded First Class Honours with Distinction. JOSIE DOXTATER** Associate Broker BUYING-SELLING -MORTGAGING Serving real estate needs on a full time basis since 1974. Why not take advantage of my experience. |l FiANKl C a" 623-3393 K 623-9557 85 King Street W. Newcastle 987-4733 Mg NATIONAL RtXI IM, XII MUXl(l Q NRS EDVAN REALTY LTD. ) 214 King Street E. Bowmanville 623-4445 686-0477 PIZZA & SUBMARINE TAKE-OUT - $8,000. High traffic area on main street in Newcastle, established clientele, excellent home made pizza. Carry on the tradition I Janice Parish*, Sales Representative 987-4733 or 987-3749. OPEN HOUSE SUNDAY, FEB. 27,2 - 4 p.m. 330 King Street East #23, Bowmanville Superlative mobile home 14 x 68, many upgrades, 2 driveways, covered deck, oak kitchen, cathedral ceilings. Val Aston*, Sales Representative 623-4445 or 623-4907. Hockin Ken Hockin Real Estate Ltd. Realtor 123 King Street E., Bowmanville 905-623-4115 A'W ! Brad Hockin If HOMESWEET HOME Morgandalo Crescent In Bowmanville. 3 + 2 bedroom home has room for the growing family. Main floor family room, fireplace and more. Call to see it, Brad Hockin 623-0398. $144,900. YESTERYEAR CHARMER 3 bedroom homo completely roflnishod from floors to celling - $159,990. 52 Carlisle Avo„ Bowmanville. Open House on Sunday, February 27/94, 2 • 4 p.m. Call Al Beard at 987-4035. TOP OF THE TOWN Elegant century home In west- end Bowmanville. 1/2 acre corner lot with huge shade trees on quiet street. Asking $249,000. Call Rob Perkin at 623-3624. If i i hi. ty. You can also expect strict adherence adherence to provincial law as well as a national code of ethics. Except in more remote areas of the province, Realtors are members of local real estate boards and have access to Multiple Listing Service (MLS) - an incredibly potent marketing marketing tool. Through MLS, the details of a property are made available to a whole network of fellow Realtors who will try and match the property with potential buyers. Only a Realtor can offer MLS services. Brokers who are not members of your local real estate estate board and the Ontario Real Estate Estate Association cannot access it. Code and Standards It's also important to realize that Realtors must strictly adhere to a code of ethics and standards of business business practice. This code has been carefully designed to protect clients and the public and to avoid errors and any exaggeration and misrepresentation misrepresentation of information. As well, Realtors have access to a vast array of specialized products and services to help them serve you better. better. Made available through local boards and the Ontario Real Estate Association, some of these services include information booklets for members and consumers, newsletters, standards forms, sample clauses, Always Always Home Job Loss Mortgage Insurance, Insurance, special Realtor insurance and so on. These products and services a"re not available to non-Realtors. Ongoing Education Realtors also have access to professional professional training courses and information information sources to help them keep-up- to-date on legislative changes and trends in the business. These courses also help them enhance their skills, so they can continue to provide top- notch service. If you're wondering if a real estate professional is a Realtor or not, check their business materials and advertising advertising for the trademark "R". If you see it, it guarantees you're dealing dealing with a member of organized real estate - and that you're dealing with a member of the largest single-industry association in Canada. Durham College Newspaper Wins Editorial Awards The Durham College student newspaper, the Chronicle, won second second place for general excellence and third place for advertising for College and University newspapers in the annual annual Ontario Community Newspaper Awards recently. The Chronicle is published by students students in the two year Journalism and Advertising programs, as a hands-on lab experience, every second week during the school year. The editorial content is written by the Journalism students and the advertising is sold and created by second year Advertising Advertising students. "The award is a reflection of the hard work and dedication of the students students and teachers in the Journalism and Advertising programs," commented commented Gerry Rose, Professor, Journalism Journalism and Editor-In-Chief, the Chronicle. 1978 Durham College Journalism graduate, Joe Banks, was awarded first place in the category of Community Community newspapers. Banks is the publisher publisher of the Glengarry newspaper. Real Estate with Betty Smith HIGH RATIO INSURED MORTGAGES The phrase "High Ratio" refers to C.M.H.C. insured mortgages, arranged through a lending institution, where the loan amount exceeds 15% of the price of the home. Conventional mortgages, represent less than 75% of the home value, and do not require mortgage insurance in most cases. CANADA MORTGAGE AND HOUSING CORPORATION, (C.M.H.C.) is the government agency that administers this insurance for the lenders, thus enabling them to advance funds with virtually no risk. In case of default by you, the mortgagor, the property is transferred to C.M.H.C. and the, lender is reimbursed. Of course there arc extra costs the borrower. The insurance fees, calculated on a sliding scale, are usually added to the principal amount of the mortgage, and therefore must be taken into account when arranging financing. For further information on insured mortgages (not to be confused with mortgage life insurance, which is taken but by the borrower for his own protection) contact a knowledgeable Realtor, your nearest C.M.H.C. office or any registered lending institution. If you're thinking of buying or selling I would welcome the opportunity of working with you. Buy or sell through me in 1994 and you will be eligible to win a shiny new Grand AM SE. Call me for details. I involved in arranging a High Ratio mortgage, and these are borne by you, can be reached at Family Realty 2000 Ltd., 623-2000 (24 hr. pager). Y V RYAN REALTY Bus: (905) 434-5128 Fax: SERVICES LTD. (905)433-8735 NEIL RYAN $129,900. 3 bedroom bungalow in town on 56' x 168' lot. Backs onto open space. Double garage with usable loft. Ideal for the handyman. Gas heating. Central air. Finished basement with extra kitchen and bath. COMMERCIAL BUILDING NEWCASTLE VILLAGE Store front with 2 apartments. Private parking. Many upgrades. $169,900. Call 434-5128 NRS Edvan Realty Ltd. is ^ ON KIDSU1U "EASTER RAFFLE" Draw at Memorial Hospital March 30,1994 Tickets: 3 for $1.00 or 500 each Tickets on Sale in Gift Shop at Hospital or any NRS Agent or Phono 9874733 or 6234445 Proceeds to Pediatric Caro at Memorial Hospital