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

CITIZEN OM I3 "Scugog Citizen -- Tuesday, February 23, 1993-- 13 4 Call the SCUGOG CITIZEN FOR REAL ESTATE & CLASSIFIED ADVERTISING RATES & INFORMATION Win i chu by i 4 SENSATIONAL CENTURY describes this immaculate 3 bedroom. Every room boasts the history of the late 1800's plus modern conveniences of today. English gardens enhance this large mature lot. Detached garage with unfinished loft adds extra charm and character. True Century A MEMBER OF THE SEARS FINANCIAT NE TWORK coLDWELL BANKECRAOQ RESIDENTIAL REAL ESTATE F.S.P. COUNTRY LANE REALTY LTD. CABINETMAKER'S HOME fine quality woodwork and trim, wood ceilings and golden wide plank pine floors make this family home extra special. Enjoy a wood buming fireplace in the main floor family room, 2nd floor laundry. room and fabulous country classic kitchen. Includes office, reception area and superior insulated / heated workshop ideal for home Lovers' Paradise. Listed at $239,000. Hwy. 7A & High -P a fon wy root oy Ont. business. Beautifully landscaped one acre lot Denise Kingma 985-7351, 24 Hr. Paging. ker ~ Anita a 985.7361 24 IT Time to add a realtor to your team by Mark Smith You've discovered that buying 'a house is more complex than any other purchase you've made before. Now is the time to start thinking you'd better get some help before you go further with the process. It's time to add a realtor to your team. The term "Realtor" means a licensed Real Estate responsible for representing properties accurately and completely, and has a moral duty to be fair and ethical to both the Purchaser and Seller. Realtors have considerable knowledge of market values, the properties available in your price range and homes that will match your needs. They are up on latest financing, taxes, location of schools and Professional who is a b of a local real estate board and the Canadian Real Estate Association. A realtor must adhere to provincial law as well as to a National Code of Ethics - ensuring you'll receive the highest level of service, honesty and integrity. Realtors are either Brokers or Salespersons. The term "agent" is frequently misused. Only Brokers can legally act as the seller's agent and receive fees for the sale. Salespeople are really acting on behalf of (or representing) the Broker. Many people feel that the Realtor represents buyers and sellers equally, however, this is usually not the case. In most Residential Real Estate Dealings, Realtors are usually the legal agents of the sellers. The Realtors primary role is to bring buyers and sellers her and asale. A Churches and local functions. The information and experience of a Realtor can be best put to use by: - Reviewing your list of needs & wants and help you determine the price range of homes you can consider. - Answering questions about the market and help compare homes from one neighbourhood to the next, and stay on top of new listings as they occur. - Realtors have direct access to Multiple Listing Service (MLS) which provides details on a wide variety of properties in local markets. - Making appointments to show prospective properties. Explaining various fi alternatives available and provide up to date information on interest rates and mortgage options. - Act as a mediator to prevent potential conflicts between the commission is only paid if the transaction is completed successfully. The Realtor is Purch and the Seller, draw up an Agreement of Purchase and Sale (Offer) and assist with details required to complete the transaction successfully. Once you've selected a Realtor, be honest in discussing your financial situation and carefully review the features you are looking for in a home. This will help the Realtor find prospective homes best suited to your needs and it will save you a great deal of time into the bargain. Most importantly, remain loyal to the Realtor you've chosen. This individual will be spending a lot of time and effort on your behalf, but won't be paid unless the transaction is completed. ) : Getting involved with several Realtors creates unnecessary and confusing duplication of effort. Most salespeople in an area all have access to the same properties through MLS and are likely to show you the same homes. Buyers who deal with several Realtors may miss out on the high level of interest and exacting service one is entitled to expect by being loyal to a single Realtor. (Mark Smith is a Port Perry Realtor and immediate past president of the Oshawa and District Real Estate Board.) Tax credits for seniors As announced in the April 1992 provincial Budget, the Ontario Tax Grants for Seniors program is being replaced by the new Property and Sales Tax Credits for Seniors program. This change is designed to provide more property and sales tax ist to low i Sales Tax Credits for 1992, even if you slready received Property and Sales Tax Grants for 1992. The amount you get will depend on your net family income, the number of pegple in your household and the rent or property taxes you pay. The, i Property and Sales seniors. The Sales Tax Grant, your final cheque under the grant system, is enclosed. To claim the new tax credits, you must file a personal income tax return. Even if you have not filed an income tax return in the past, you should do so to get all the federal and provincial credits that are available to seniors. When you complete you 1992 personal income tax return, you can claim Property and Tax Credit is $1,000. To claim the credits, you must fill out the new "Property and Sales Tax Credits for Seniors" form called TIC(ONT) Seniors and send it together with your income tax return to Revenue Canada, Taxation. The form, along with instr will be included \ from any Revenue Canada : District Taxation Office. If you receive the special T1 66 Plus tax return, you do not need to complete the T1C(ONT) Seniors form. The Property Tax Credit is included on this T1 65 Plus return and Revenue Canada, Taxation, will automatically calculate the Sales Tax Credit for you. The Property and Sales Tax Credits are fully refundable. This means that, if you qualify for a refund, you will get a cheque for the amount of your Property and Sales Tax Credits (even if you do not pay any tax). If income tax is with the 1992 income tax return. If you did not receive a tax return by January 15, 1998, you can pick one up at any post office in Ontario, or owing, your credits will be used to reduce the amount of income tax you owe. For information, contact Community«Care, Port Perry.