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heat aes Logan A 4. _ adhe 2 ao 4 a -------- PORT PERRY STAR - Real Estate Section - Wednesday, October 16, 1991 - 3 House prices tend to fluctuate From Page 1 home has, whether there isan attached or detached garage, whether the base- ment is finished, or if there are any fireplaces. Your realtor will also need to know what your home is constructed of (such as brick, veneer or clapboard) and how big your lotis. Armed with this infor- mation, he/she will then check MLS listing data for comparable homes within the same vicinity which are either current- ly on the market, recently sold or recently expired listings. ' Range of Prices This will give the real- tor a range of prices with- in a given period (such as three months). The time frame of these listings is important, because house prices tend to fluctuate from month to month and these variations will have tobe taken into considera- tion in the analysis. For instance, a month ago, comparable homes might have sold at slightly high- er prices. eo Letters e ANYWHERE WORLDWIDE ta PHONE 985-7383 HT 4 SEND or RECEIVE Invoices © News Releases © * Real Estate Transactions e e Any kind of important documents - ALL DAY/NIGHT SERVICE PORT PERRY STAR - OFFICE CENTRE 188 MARY STREET - FAX (416) 985-3708 J ] PORT PERRY, ONT. 8 gn Sh OPEN HOUSE $198,000. Sunday, Oct. 20, 2:00 to 4:00 pm. 80 Greensboro Dr., Blackstock Backsplit, greenhouse kitchen, family WORK A LITTLE, SAVE A LOT 70 waterfront, very modern renovations, needs finishing touches. Profit now! $174,900. The characteristics of these homes can then be compared to yours. (In most cases, the realtor would have already viewed most of these oth- er properties while they were listed, so he/she would have a very good in- dication of the condition they'rein). Keep in mind, however, that in many cases, there won't be exact compara- bles. For instance, proper- ty "B" might be identical to yours from the outside, but may have a jacuzzi and a fully finished base- ment -- amenities which your house may lack. On the other hand, one of the comparable properties might be adjacent to a gas station or convenience store; keep in mind that location is a very impor- tant pricing factor. Adjustments . Using these differenc- es, the realtor can begin to make adjustments based on his/her professional ex- perience and market knowledge. A real estate professional will know how much certain items -- PORT PERRY'S LONGEST ESTABLISHED REALTOR | FRANK 985-7386 rm. with w/o, rec room, brick driveway like an attached garage or second bathroom -- will add to the overall value, and will factor in the dif- ferences to the analysis. Keep in mind that the cost of an item is not the same as the value it adds. For instance, if you have a newly remodelled kitchen you might be able to recover your renova- tion costs in the price of your home. However, if you have a pool or tennis court, you may not be able to recoup any value from them -- but this again is dependent on the features of other homes in your neighborhood and what is expected as the norm. Once all of these ele- ments have been factored into the analysis, the real- tor will then arrive at a suggested price range for your home. He/she will ex- plain the process to you and how the range was de- rived. The realtor should also give you a signed copy of the CMA. It is then up to you, the vendor, to choose the asking price for your home. REALTOR 2 1888 SCUGOG STREET, PORT PERRY SR COLDWELL BANKER- COUNTRY LANE REALTY SAT., OCT. 20 - 2:00-4:00 PM Directions: From IGA in Port Perry, take Simcoe Street north to Beech Street and turn right - follow signs. SUN., OCT. 20 - 2:00-4:00 PM Directions: From Port Perry, take Hwy. 7A 1/2 mile east to Island Road then north to second road on left side (Gerrow's Road) . and follow signs. CLASSIFIEDS EVERYBODY'S MARKETPLACE LOCATION, HOUSE, ADDRESS 2 storey brick Victorian style home. 2 yrs. old, feature filled! Master ensuite + spa, central air, security system, insulated 2 car garage, fp., 4+1 bdrms. $319,900. Toronto Line 686-3931 8 4 BEDROOMS AND POOL! Walkout, 2-4 pc. baths, finished rec room with woodstove, 24' x 16' above ground pool, deck & 30' x 30' patio, walk to store, park, church. $189,900. SCUGOG POINT $169,900. Seclusion just minutes from town, brick & aluminum raised bungalow boasts 3+1 bdrms, huge rec room with woodstove, oversized kitchen & treed lot. Pe pon SCHOOLS, PARK, DOWNTOWN 4 bdrm Victorian beauty. Main floor family room with fp, country kitchen with w/o, formal living & dining rooms, main floor laundry & more. $209,000. BLACKSTOCK FARM $425,000. 189 acres, 5 bdrm home, barns, 40'x40' workshop, 50'x106' clear span building for riding arena or equipment storage. Gravel deposits, creek, bush. INVESTMENT OPPORTUNITY Brick & aluminum triplex - all 2 bedrooms, eat-in kitchen, living room, 4 pc. bath & utility rooms, front & back yards with patios. $199,900. ¥iw CITY CONVENIENCE COUNTRY CHARM $135,000. Woodville area, brick home on acre +, double garage. Modern eat-in kitchen, oak cupboards & vanity. Upgrades. PLEASANT POINT $219,000. 2 year new, 3 bdrm brick bungalow. 3/4 acre +, backing onto greenbelt & Lake Scugog. Oak kitchen, main fir. laundry, 2 w/d's, rec roomy/corner angelstone fp. MANCHESTER $159,000. 4 bedroom home located on a 120' x 200' lot surrounded by mature trees. A recent addition provides an opportunity for the cottage industry entrepreneur. CARNEGIE BEACH Maintenance free 3 brdm. bungalow, finished family room and bar. Detached workshop, large treed lot overlooking lake, water access, $169,000. SOUTH WEST OF BLACKSTOCK 3 bdrm bungalow on acre treed country lot with variety of fruit trees. Large workshop, suitable for trucker or equipment operator. $189,900. HWY. 7 FRONTAGE High and dry building lot in quiet village north of Port ral wr Hy I A Perry. Cleared, level and ad : _ 5 dv to build on. Permits ROOM FOR FAMILY & FRIENDS VALUE PLUS IN BLACKSTOCK PORT PERRY EAST $139,900. feay | : $149,900. 2 Units, separate heat & | Tastefully decorated 3 bdrm sidesplit, | 3 bedroom, hollywood style kitchen, available. $57,900. hydro, above ground pool and deck. finished rec room with floor to ceiling dining and living room separated by stone fireplace, treed lot on town stone fireplace, full basement, double services, $147,500. flexible closing. garage, private treed lot. WATERFRONT LOT $85,000. All permits available, western exposure. Vendor take back at11% CHERYL HILL 985-0718 DEBRA-ANN TAYLOR 985-8881 BONNIE STEELE 985-1630 GLENN McCOY 985-3063 KAREN NORTHEY 705-439-2488 ANN ELLIOTT 985-8788 C. MALCOLM BLISS 985-3298