Ontario Community Newspapers

Georgetown Herald (Georgetown, ON), July 6, 1988, p. 22

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

ESTATE OUTLOOK WedneiiUy July SMART MONEY Bruce Williams Too green is his yard Don l be embarrassed to ask ex perts advice Including an If you are not completely clear about how to evaluate this De mand to see tax returns While lots of people fudge on taxes nobody reports more income than they have to In the case of liquor stores since veryaccuralerecordsarerequlredby most state liquor authorities there is less skimming The swimming pool think twice UK REAL ESTATE AND YOU Jamie Johnston By Brace Williams DEAR BRUCE Last week when I came home from work how astounded I was when I found 11 count them pine trees about feet high planted across the bock of my property Now when I say across the back of my property I mean MY proper ly My neighbor wanted to put In trees which Is his privilege but he made a mistake when he told the nurseryman where to put them The trees are almost 10 feet inside of back yard Ourlolsare not all thai big and my kids play in the back I m not about to off 10 feet of my yard But my neighbor says he is not about to move the trees I would like to preserve good rela tlons with our neighbors 1 also like to have good relations with my wife and right now things arc a bit strained because she says to get those ty blank trees out of her yard Does my neighbor have the right to tell me that If want them moved 1 have to pay for if 0 Va DEAR You vc got to be kid ding Your neighbor is way off base He has absolutely no right to put the trees on your property He has to cor the error You on the other hand could have those trees removed and do what you choose with them at this point as I dcrstand It But to be practical I would sit down with the neighbor and say I sorry you made a mistake but we cannot afford to give Up the back yard and please move them onto your own property you don l do this within to days 1 11 assume you wish to abandon the trees and III have them removed and destroyed It seems a shame to do that He should have the trees replanted and your yard resodded DEAR BRUCE I am considering buying a retail liquor store I have a year retail background working for someone else in a related line The deal looks pretty good The owner is willing to carry a substantial amount of paper for the next 10 years The real estate is increasing in value and the business is doing well My problem is trying to determine precisely what should pay or this business The owner Is for plus the key I don I want to appear stupid but I m not altogether clear of what a key Is Can you explain that to me J DEAR The inventory and fix are referred to as the key Ob viously value of the fixtures can be determined in advance hut the actual shelf inventory would be taken after the store the day before you re ownership In a high ticket Item such as liquor these could add up to an Important amount of money You may have to hire two or three people to take lory overnight or close the operation down for a day but it is in your best interest to do so Whether or not the 000 figure is viable is something we would have to discuss another time if you provld good deal more Information such as but not limited to the value of the real estate how closely liquor is con trolled In your state the business gross sales and perhaps more tant the net income PHOTO REPRINTS appearing in The Herald 8772201 IS YHI j Imi minimum lyixs 111 lor J NATIONAL REAL ESTATE SERVICE REALTY INC AN INDEPENDENT MEMBER BROKER Ontario PLEASE NOTE OUR NEW NUMBER- YOU WONT NEED A COTTAGE When you buy country homo with Hi swimming pool 14 tun wild barbecue and bedrooms to accommodate your guests This horn Is located In a park like setting and juit the Five bedrooms finished family room and bar 150 acre lot are si some lea lures of homo Priced el Call today to view ihlt NEW HOME To be bull In CampbelMlle One acre lot on Crawford Crescent Proposed plan li lor ODD home or choose your own design and arrange with builder For Inlor on this or other new call Cmr rent ijou to a estimate REMAX SUBURBAN REALTY INC REALTOR georgetown Ontario L7Q but jsmakers CONTACT Jim It TO AN APPOINTMENT Looking for a New Roof over your Head Then look to the HERALD REAL ESTATE SECTION Wednesdays Saturdays Youll find the most comprehensive Were sure youll find the roof and listings of properties in Halton Hills whole house youve been looking for 8772201

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