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The Canadian Statesman, Bowmanvillc, Wednesday, June lb, IVW fuge 11 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. Please phone 623-3303 and ask for the Real Estate Sales Department j Top Dancers Four students from Bowmanville's Jean Simone School of Dance have been accepted to attend the National Ballet School Junior Associate program starting in September. They are: (back) 11-year-old Andrew Mclnnes; and (front, from left) nine-year-old Katie Hossack; seven-year-old Angela Casalino; and seven-year-old Emily Paulin. Consider Hidden Costs When Buying a Home This article is provided by local Realtors and the Ontario Real Estate Association (OREA) for the benefit of consumers consumers in the real estate market. Home buyers, especially first-timers, often are not prepared for the additional costs involved in purchasing property. While the purchase price of the home is by far the largest cost, it's important to take into account the numerous direct and indirect indirect expenses related to getting a mortgage and gaining ownership. While different costs will apply in each case, here's a list of things to budget for: Mortgage application fee It costs lenders money to process your application and some may pass these costs on to you. However, with the highly competitive competitive nature of the mortgage industry, many will waive this fee, especially if you have other accounts with them. Appraisal fee Before lending .you any money, most finance companies will have their own appraiser determine the value of the property. property. The borrower pays the cost of the appraisal which will be at least a few hun dred dollars. You may be able to avoid this fee if the property has been evaluated within within the last three months by a professional appraiser. Land survey fee Many lenders require a plot plan or survey survey of the property you intend to purchase. The survey confirms the property's boundaries boundaries and ensures there arc no structures, like fences, in the wrong place. If the property property is located in a subdivision in an urban area, some lenders will accept an existing survey as long as it was done within the past five or 10 years. Inspection fee Before issuing a mortgage, some lenders may require a professional inspection inspection of the home. For peace of mind, you may want the home inspected anyway. Regardless of how well we look at a home, few of us have the training to uncover major structural flaws and maintenance problems that arc not readily apparent. Ask your Realtor or lawyer to add a conditional clause to your offer to purchase, making it subject to a satisfactory home inspection. It's well worth the cost, which usually is no more than a few hundred dollars. Mortgage insurance This protects the lender against default when you apply for a high-ratio mortgage (where you put down less than 25 per cent of the appraised value or purchase price). The cost to you ranges from 1.25% for 20% down to 3.75% for 5% down and is added to the mortgage principal. Mortgage life insurance This is a form of term life insurance that pays off the balance owing on your mortgage mortgage if you or your co-borrower dies. Many lenders offer you the option of buying buying this insurance and adding it on to your monthly payments. You may prefer to protect protect yourself by taking out your own policy instead. Talk to your insurance agent. Fire and liability insurance Most lenders require that you carry fire and extended coverage insurance that well exceeds the outstanding balance on the value of the home. You'll want to have fire and weather-related damage protection any way. Public liability is often included in home insurance coverage and you may want to have this as well. Real Estate Fundraiser John Ryan hopes his 8,688 kilometre odyssey across Canada will close a gap that's just a millimetre wide. The 37 year old from Whistler, B.C. is riding a hand cycle across the ROYAL LEPAGE ■^■illlllllllllllllllillll FRANK REAL ESTATE Broker Independently Owned and Operated 234 King Street East, Bowmanville Telephone 623-3393 Toronto Line 686-1035 116 ACRES NORTH OSHAWA 90 Acres workable. Absolutely gorgeous view. Large bank barn and large pond. Privacy galore. Listed at $269,900. Call Charlie Reid* at 623-3393 or 983-5914. OPEN HOUSE SUNDAY, JUNE 20,1999 2:00 • 4:00 p.m. 6106 Leskard Road, Orono 3,5 Acre» - 2700 Square Foot Home Just lisledl Gorgeous 4 bedroom sidesplit with gourmet kitchen, separate living room and dining room and fireplace in family room. Plus 3 stall horse barn with lack room. Dir: Go 1/4 mile north off Taunton Road to property. Listed at $234,900. Call Charlie Reid' at 623-3393 or 983-5914. BUSINESS UNITS $370/MONTH Excellent values for modern space in Bowmanville. Call John Shewchuk* at 623-3393. Estate with Betty Smith Easements and Rights-of-Way What exactly is an Easement? An Easement may be defined as "the right of one land owner to the partial use of the land of another". The privilege to use another person's property is obtained for a special purpose or necessary benefit (such as an entrance way, hydro line, etc.) and not just for the general use or occupation of the land, The most common type of casement Is the Right-Of-Way. Phis right of use "runs with the land", meaning it passes from owner to owner at the time of a sale or deed transfer and it binds all subsequent owners. If an easement cxisls on property it should be shown on the survey, Easements give a mere right to pass and repass over a neighbour's property - but never to obstruct the area, It is therefore not acceptable to park a vehicle in or otherwise block a right-of-way, As Realtors, we know that it's vitally important that easements be accurately identified, described and acknowledged by prospective purchasers. Proper rcgistcrnblc legal description must he used on ALL documents pertaining to a Real Estate transaction, such as Listing Agreements and Offers to Purchase, If you're thinking seriously of buying or selling, 1 would welcome the opportunity of working with you, 1 can he reached at Sutton Group-Dynamic Really Inc,, 905-697-1700 (24 hr. pager). YOUR QUESTIONS AND COMMENTS ARE IMPORTANT TO ME. I CAM BE REACHED AT SUTTON OROUP-DYMAMIC REALTY INC. 129 KINO STREET EAST, 90WMAMVILLE 905497-1700 FAX 905-697-S595 gi SttOTL 5 Months...FREE NO Interest. NO Principal. NO Kidding! 0. 't,nn V mis and conditions apply Your Neighbourhood Specialists 129 King St. East Bowmanville A The Sutton s'smir MoTtgàge Call 697-1700 Henry Elkens Sales Rep. 1, 8 acre building lot, 1/2 level with pine trees, the other 1/2 a good pond-site. 2, 110 acre farm near Orono with small creek, a good farm home and 2 barns. 3, 129 acre farm, excellent location north of Bowmanville, with a large frontage, big barn and good home. For more information call Henry Eikens at (905) 697-1700. country to raise money for spinal cord regeneration research. His journey began on May 1st at Cape Spear on the Avalon Peninsula, the most easterly point in North America, and will be passing through Durham Region bn June 21st and 22nd. Ryan's goal is to raise $5 million for spinal cord regeneration research, which focuses on reconnecting reconnecting the thin nerves in an injured spinal cord. There have been encouraging developments in spinal cord research and regeneration can allow recovery of some abilities. The tour's vision is to raise enough money that could give Canadian spinal cord regeneration research an injection injection of capital that could accelerate results leading to the effective treatment of and, ultimately, a cure for spinal cord injury paralysis. To this end, Realtors throughout throughout Durham Region have united united and will be hosting a Barbcquc and Rally on June 21st, from 4:00 p,m, to 6:00 p.m. at the new L o b 1 a w s Superstore located located at the corner of Gibb Street and Stevenson Road, in Oshawa, The rally will be followed followed by a Reception and Silent Auction, beginning at 7:30 p.m, that evening, at the Holiday Inn, Oshawa. Please gather up your family and friends and come out and join us in supporting John's goal of raising money for spinal cord injury research and in giving him a rousing welcome to Durham Region, COOL POOL - $159,900 Rlnske Wagenaar Broker For those hot summer days, spacious family home, nicely decorated, main floor family room with gas fireplace, 0.36 acre lot in small village, convenient to Bowmanville and Oshawa, Call and ask for Rinske Wagenaar at 697-1700 ATTRACTIVE 4 BEDROOM Bob Craig Sales Rep.' Attractive 4 bedroom with fenced side yard and finished basement. Close to 401. Move in condition, only $137,500. Call Bob Craig for details (90S) 697-1700. Betty Smith Sales Rep. Call Betty Smith, Sutton Dynamic- group Inc. (905) 697-1700 Or 1-888-226-2230. Want to Run a Check out 6 Pine Cute and cozy and well maintained 3 bedroom home. Hteff. gas and air. The double detached garage / shop Is commercially zoned tor home business. Business From Home? St., Bowmanville $124,900. 24 Galbraith Crt, Bowmanville $159,900. 1564 sq. ft., 3 bedrooms, full master ensuite, eat-in oak kitchen, separate dining room, sunken living room with fireplace. CALLING ALL MECHANICS Janice Parish Sales Rep. Garage all set up to work! 30 X 45 ft. garage with heat, hydro, phone and office, all set up to work on cars. Minutes from Hwy. 115, easy commute to Toronto. Home has huge country kitchen, main floor laundry, : bedrooms, master has walkout to balcony. Listed at $174,900. Call Janice Parish for your personal showing (905) 697-1700. cornerstone realty ltd., realtor Every Minute of Every Day... Bowmanville FREE REAL ESTATE INFORMATION Bowmanville FROM REMAX 1-800-288-8897 I Then enter the extension number 623-6000 Call Linda | McLennan** Associate Broker 623-6000 HANDYMAN'S SPECIAL This 2 bedroom brick and vinyl bungalow is situated situated on a delightful lot loaded with beautiful perennials perennials and a small pond. Country sized kitchen and a spacious living room. Terrific location for a home business occupation. Priced at only $117,500. Call Linda McLennan** (905) 623-6000. Ron Moore Sales Rep. BUY & SAVE WHY PAY RENT? LET SOMEONE ELSE HELP PAY YOUR MORTGAGE! This lovely older duplex in the heart ol Bowmanville features beautiful hardwood floor in the tower 1 bedroom apt. and brand new broadloom in upper two bedroom apt. 2 kitchens, 2 bathrooms, 2 parking spaces, large lot, seconds from shopping and school. PRICED TO SELL AT $134,900. Call Ron to view 24 hr. pager 623-6000 GET STARTED RIGHT! $129,900. Raised 3 bedroom I bungalow in north | Bowmanville. Call 800# lor all the details. GREAT FAMILY AREA In Bowmanville is definitely a plus for this 3 + 1 bedroom home featuring: separate dining room, family room, finished rec room and walkout from the eat-in kitchen to deck and fenced yard. Asking $167,900. Call Marg Bain* for numerous details. Marg Bain* Sales Rep. Call for details at (905) 623-6000 Paul De Jager* Sales Rep. 623-6000 or Toronto Line 428-1206 JUST LISTED COUNTRY BUNGALOW WITH PANORAMIC VIEW Custom built brick bungalow, oversized oversized 2 car garage, large kitchen, French doors, largo principal rooms, walk-up basement Ideal for apartment, lots of large windows and what a view, Just minutes north of Bowmanville, ASKING $219,900. THRIVING BOWMANVILLE BUSINESS Vendor is retiring, walk right into this great family run Fish and Chip business. Great location, great income. Serving area for over 18 years. Call me for details. NEAR LITTLE BRITTAIN 50 Acres with large Bungalow Custom built throughout, main floor family room, main floor laundry, laundry, separate dining room, 3 baths, large bedrooms. Private but not Isolated. Easy to find. Asking $239,000. Call for directions. CLOSE TO TOWN 3 plus 1 bedroom bungalow, I easy access to 401 and 5 minutes from downtown. Home is deceiving, large I addition on back. Main floor I family room with cathedral I ceilings, huge master bedroom, bedroom, games room, sauna, | 2 baths, large private lot. Asking $189,900. Doug Humphrey** Member of Hall of Fame Call 623-6000 POWER OF SALE CENTURY HOME- FIRST AD $149,900. BOWMANVILLE uorrv FARM 3 bedroom Blackstock $129,900.! = n nrrn hmr at Tvrone - 2 home on 100' x 194' lot. Excellent 3 bedroom home ® old house 1 year old Lar 9 0 famll V room add!- with 2 bathrooms - huge ^arn Great vléwlTsklng *'° n with woodstovo. country kitchen with wood- tqiH ' ono Great value, stove. Large treed lot 74' x Wlti,u ' 120'll Call Drum Humnhrev** 623-6000 or 428-1206 (Tor.) itiO JUST LISTED Great starter - finished up and down. Includes central air, central vac, 2 full baths, double paved drive. Asking $129,900. CREAT SEMI Nowor 2 + 1 bodrootn homo with foncod yard • lull, llnlshod lower floor with bar and walkout basomont, Plus 2 bathrooms, Asking $121,900. MATURE AREA Groat family homo with 3 -i- 1 bodrooms - Includes now windows and hardwood floors. Torrlllc landscaping In largo prlvato yard. Asking $152,900, NEED 5 BEDROOMS? Wo got Itl Hugo homo on 2 acros with barn and extra building, Currently bolng sovorod Into 3 parcols, Asking $199,000. Cnimou^tum^hro^2T^00^M2^20^Tor^^ NEW LISTING Approx. 2400 sq. It. backing onto I Sopor Crook, Lots ol room lor a growing family ■ 4 baths plus lin- 1 (shod lowor lovol with walkout to clock and foncod yard, Asking | 5219,000.