‘Making an offer to purchase a home When you find a home you want to buy, you'll make an offer to the vendor by com- plating a document called a “Contract of Purchase and Sale" which is your first step “towards ownership. Poorly drawn contracts at this stage - ar are the largest single cause - of problems in real estate transactions. : This contract is a summary - Of the terms and conditions _ felative to the transaction be- “tween yourself and the ven- - dor; and it should contain ' very clearly all you can or in- tend to do, and exactly why you expect to receive, This is your offer, and will become your obligation if ac- cepted so be certain it accu- rately reflects your intentions, ‘that the property is identified correctly, names spelled cor- rectly, mortgage information ‘properly stated and the ex- tras you want fully itemized, The intent of every line should be clear and specific sa that no: misunderstanding can _- arise regarding who will do “what and by what date. This offer can be accepted, ‘rejected, or countered by the “vendor. if countered, his counter-offer will come back ta you, the potential pur- ~chaser, for your considera- ‘tlon. You can accept the al- tered offer, reject it or you :-too could counter his counter -offer. . When the two parties to ‘the offer -- the vendor and potential purchaser -- have eached agreement and duly ~ ‘signed the contract, it is a le- gal agreement ot sale. The Contract of Purchase and Sale is followed by other doc- umentation to be drawn up by a notary or solicitor in the conveyancing process, but that original Contract of Pur- chase and Sale is really a final document in the sense that it forms a binding contract that can only be changed by mu- tual consent. A licensed real estate professional is trained to help you complete your of- fer and will make sure all the pertinent details are included in the concise terminology essential to every clear and - unassailable contract. The de- posit you pay on submitting that offer is a token of good will which will be held in the real estate agent's Trust Ac- count for both the purchaser and seller until the sale is completed. The deposit be- comes part of the final down payment on completion of the real estate transaction. Re- member, if the deposit is sub- stantial and is to remain In Trust for a period of weeks, you can ask your real estate firm to place it in a Trust Ac- count bearing interest payable to you, and to have this stipu- Jated on the Contract of Pur- chase and Sale. Anyone con- templating a. private purchase is cautioned that there are many contractual pitfalls that could cause problems unless you seek professional advice. Turn to a licensed and experi- enced real estate profes- sional, a notary public. or .a-.,. _lawyer to prevent contractual difficulties. Red Cross Water Safety Says: BE CAREFUL ON POOL SLIDES If you enjoy pool slides, use feet- first entries. This is important because most slides are placed in shallow water areas. A head-first descent may result in serious injury. The Canadian Red Cross Society ai To protect your head, always slide... a feet-first. . ; arn Stan Parker, President Duty. ok 635-6688 | “Laurie “Robes 635: 5382 STARTER HONE ie you. REALTOR®. INVESTMENT $73,500 MLS TERRACE STANDARD. The Terrace Standard, Wednesday, September 14, 1994 - B7_ Supporting CNIB services in your community may be the best charitable investment you could make today, for tomorrow. Please give when our canvasser calls. The Canadian National Institute for the Blind BC. ~ Yukon Division it’s an attitude. A state of mind that separates the true professional from the mere sales agent. ‘As members of The Canadian Real Estate “. Association, REALTORS are totally commit- “ted: to the highest levels of client and customer _ service. We listen to you. And. we answer to oe Whether you're buying or selling, a ‘REALTOR will do everything possible to — ONLY AREALTORIS QUALIFIED ~ TO HANDLE THE MOsT IMPORTANT MUST BE MOVED $12,000 MLS OME ON THE RANGE $159,000 MLS. respond to your concerns, and accommodate your preferences. And she: or he will bring professional negotiating skills, ~ "crucial knowledge of the real estate market and a firm: appreciation of the neighbourhood. -Remember,.only a REALTOR has access to the Multiple Listing Service®, Canada’s most powerful real estate marketing system. BEAUTIFUL NEW HOME $169,900 MLS satisfy your needs ~~ MULTIPLE LISTING SERVICE® FINANCIAL TRANSACTION OF YOUR LIFE. INVEST IN HAPPINESS $215,000 MLS ” Shaunce $69,900 MLS 3 BEDROOM STARTER $82,500 MLS 4 BEDROON FAMILY HOME $179,500 MLS SUITE $145,000 EXC ae ee ale 6 BEDROOMS $169,000 MLS QUICK POSSESSION $134,900 EXC CUTE & COZY {8 tha best way to daseribe this 3 bedroom bungalow. 1080 sq. ft. fulF basement, hardwood floors, firaplace, N/G heal, fenced 100'x122" lot, and single garage round out this “Hine package. Graat starter or retirement home. Call Hans, Asking $118,500, MLS “ Xrulgselbrink 695-5382: GREAT FAMILY AREA dust listed, 11400 sq. ft. newly ranovated 3 br. home on 1/2 acre lof, Features: living. roam and master bedroom have vaulted” callings, Jenn Air, whirlpool tub, and landscaped yard with fire pit. Asking $139,500 MLS, Call Dennis 638-8083, Dennis - hissimore: SOUTHSIDE LOT Zonad for a.3 plex with 4 bedrooms of a 4 plex with 2 bedrooms each. There is 185' frontage and the lot is 121' deep, Asking $49,900.00 MLS, Cail Ted naw, 6 635-5619, : SICK OF YOUR EXISTING JOB! Why nat become a farmer? | have ona of the few working farms in the area, Price Includes: 27.1 acres of land, 6160 sq. ft, heated and ralrigarated Quonset building, all farm equipment, Farm has existing contracts for the crop. Great family business, asking $370,000 MLS. Call Dannis 638-8093. AFFORDAGLE LIVING Can be yours with this 1971 12éa' mobile heme set up in a mobile home park. Three bedrooms. Natural gas heal, Priced to sell al $19,900. MLS. POTENTIAL DEVELOPMENT Thinking of daveloping same land? This 4.34 acres in town on the Bench could ba what you are looking for, Call shaunca for mora datails. CENTRAL HORSESHOE A 4 badroom home In the Horseshoe, 1292 sq. ft. and full basement. Has a latga workshop and garden shad. Asking $135,000, Exclusive, Call Ted at 695-5619, ~ $115,900 EXCLUSIVE, HORSESHOE LOCATION With lhis well maintalned 1235 sq. ft. full basement home, Centrally locatad in tha Horsashoe, close to all schools, this home features six bedrooms, two balhs, two natural gas fireplaces, rec raom and extra large sundeck. Situaled on 82x132 lot. Gall Jim for your appointment on the home priced at $139,900 MLS. STARTER OR RENTAL 2 br. home centrally located, some lntetiot renovations dona. Asking $54,900. MLS. Call Dennis 638-8099 . 4 SOUTHSIDE LOTS" 74'x130' fully serviced, on paved street R2 zoning $27,500 ea. MLS: Call Dennis 638-8099, . THORNHILL MOBILE A lovely 2 bedroom, 14x70 1979 mobile on large fat in a quiet neighborhood, MLS. Call Ted at 695-5619. COMMERCIAL LAND Need commercial tand which requires good exposure and excellant access? Then check out this .98 acre parcal In Thornhill, close to tawn with an Ideal location for your business, Call Shaunce for mon 6 Information, COUNTRY LIVING 1.8B acres of country living just 10 to 15 minutes from town. A 3 hedroom home. with bulll-in dishwasher and vacuum system, Has a small animal barn and a row of rabbit or chickan hutches. House has baen attractively renovated and is raady for your offer, Asking $119,900 MLS, Cail Tad for mora Information at 635-5610... THORNHEIGHTS PHASE iil Just completed, $ bedroom home on sloping treed Int In Thornhelght Phage Ill. THINKING OF BUILDING? Chach out thase 2 lots in a quiel area on the Bench. Each fot .is 75x12’ and haa city water and sewer to the property. Call Shaunca far mora Information. $32,000 each. EXCLUSIVE.