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Te Canadian Champion, Tuesday, April 28, 1998 - RE7 How to objectively determine the price of your home If you've ever sold a home before, you know there' s a lot more to an offer to purchase than merely the price a buyer is willing to psy. obvi- t ously, price will play an important part in yourt dcccsîuî tu accepçt ani ll -c but thecre sec eral other facts that must be weighed very care- fully in your decision-making process. These include a suitable closing date, financ-î ing, conditions, and items which are to be included in the sale. For example, someone might offer you the price you asked, but may want an unusually long closing date - which could leave you in a bind if the home you're trading up to bas a much shorter closing date. You could also find yourself somewhat restrict- ed if the offer contains an extensive list of con- ditions. So, if you're thinking of joining the leagues of homeowners who are in the process of trad- ing up, there are many things to keep in mmnd. Closing Date As mentioned earlier, one of tbe ,most impor- tant things to consider is the closing date. Is it going to involve extra cost to you to have to move on that particular date?! Are you going to have to store your fumniture because of a short closing - or face the prospect of carrying two properties for a couple of extra montha because of an unusually long closing? Financing also bas a great impact on the offer. For example. if you have to discharge existing debts and mortgages against the property, be sure to verify whether you'll have to pay early tischarge fees. If so, this wilI undoubtedly have an impact on your decision. In the offer, the buyer may also request that you take back a mortgage - and your decision wiIl largely depend on your lifestyle. For instance, if you're a retiree and you're trading down to something smaller, you may want to take back a mortgage and have income coming in. On the other hand, if you're trading up, you may not be interested in taking this route, because you'll probably need the funds for a bigger down payment. Conditions When it comes to conditions, you' Il have to weigh them carefully against the price that is being offered. You may not want to tie yourself to an offer that's conditional on a purchaser selling is/ber own property - because in the meantime, you could have two or three more offers without any conditions. Conditions of financing are generally quite short and, as a vendor you will want to know if the buyers will be able to get the necessary financing before you accept an offer from tbem. You may be better off with an offer tbat's slightly less in price, but bas less restrictive con- ditions. IAN OLIVER Publisher General Manager: Davd Boa Real Estate Rep: Andrea Boyle Publisbed by: The Canadien Champion, 191 Main St. E., Milton, Ont., L9T 4N9, 878-2341 Fax: (905) 876-2364 Advertsng is accepted on the condition that, in the evet of a typographical error, that portion of the advertising space occupied by the erroseous item, together with a reasonable allowance for sgnature, wilI sot be charged for, but the bal- aoce of the advertsmet wil be pad for at the applicable rate. The publisher reterses the right ta calegorize and reect sdoertisiog. In tht evet of typographical error, adertisng goodo or services at the wrong price, goodo or services may flot be sold. Advertiting os nerely an offer ts self and may be withdrawfl aI any ime. Produced on behaif of th akille, Mlton and Distnict Real Estate Board. Mlt U '"ata Ebm*m 1 Items Included in the Sale Buyers may want to include certain chattels in the sale of your home - like the antique, crys- taI chandelier in the dining rou)m- or the cus. lonin tadc' huukcasc thatlshIcperlccîly bhtaÀcn the living room windows. However, you may have formed an emotional attacbment teo them and bc somewbat reluctant to include them in the transaction. You'll have to, decide how important they really are to you and what tbey're really wortb before making your decision. It vou do bac c iteiu y ou don't xx .MI IOc t decl in the sale of your home, il's a good idea lu remove tbem from sight before you actually put your home on the market. How A Realtor Helps Your realtor will review ail offers with you and help you t0 view tbem objectively - so be prcpared lu allot an adequale amount of time for lll idý. <t i c î l c r i-î îîhîi ite lic hl l is yuur court and you must decide whctlscr you want 10 decline it altogether, or make a counter- offer. Sales Representatîve i. f This more than spaclous 3 bdrm con- temporary offers everything you'd want in a country home. Huge *' rooms, hardwood floors, stone FP, A3 bdrm backsplit you'll be proud to caîl home. walkouts & decks. Placeci Iovingly on Skylight in the kitchen, 2 updated baths, stone gas approx. 2 acres close to the 401 & :P, huge private deck, sep. LR & DR areas, plus GO. A reat 'buy" at $349,900. gorgeous backyard. Ail this for only $200.900. ~~ MARC . ILIÀ1.1 :1LIs $165900. Attractive weII maintained 3 bedroom semi in good location. Cali Ellen Boer.1 This bright and spaclous townhouse has alilthe features you want: an eat- in kitchen, separate din- ing room, pri- vate yard. $124900. This 43 acre state of the art hiorse tarm features 2 barns, grooms quarters, an indoor arena, and a contemporary stone farmhouse built upon the foundations of the original l9th century home. $495,000 Tissao e nuis obungalow nasres a apaciuss living room wilh 1lOb ceiling and a gas fireplace; kitchen w/breakfast nook and walk aut. This model and other sew csstom built homes available on 1 + acre lots in a private, rural subdivision. $284900 __ I - _____- ------ - ------_ ...... .__ ____ ...... _ Oakville C-TH- across from the River Oaks Community Centre this 2 bedroom townhouse offers central air, security system & 4 appliances. Cl me for your Milton/OakviIIe inquiries. Listings needed in Milton area. - - - - - - Rigt i w a Ro>yal L0PaCgEý salEes rte-t netgbrhQcl itti an tDffe--r frchrr a farnhIy at thie ther &er*cJl o>f the c- <i<Dunry. Howv? RoyVal LF'age bas a natioDnal coj~rt rtekIccatik>n stervicth-at everv sales rc c -an accEýss as Vyet Cof PoDtEritl t>L bVC-rS. ROYAL LEPAGE tllIIlliiflIMIl How VS alieda gMet cmi asIate agfflt 111111 lUm 11111 m 11111 lui 11111 lui 11111 lui11111 a 1u11111 EXECUTIVE 9ÔMi a 1 a L: mmmmmà "A GREAT STARTII l'