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Real Estate: The Oakville Beaver, W ednesday January 18, 2006 - 13 A-Z continued from Page 12 Easement: A legal right to use or cross (right of way) another person's land for limit ed purpose. A utility's right to run wires or lay pipe across a property is a common example. Encroachment: An intrusion onto an adjoining property. A neighbour's fence, shed or overhanging roofline that par tially or fully intrudes onto your property are examples. First Mortgage: The first security registered on a property. Additional mortgages secured against the proper ty are termed 'secondary.' High-Ratio Mortgage: A mortgage for more than 75 per cent of a proper ty's appraised value or purchase price. Listing Agreement: The contract between the listing broker and an owner, authorizing the realtor to facil itate the sale or lease of a property. Mortgage: A contract between a bor rower and a lender where the borrower pledges a property as security to guar antee repayment of the mortgage debt. Mortgage Term: The length of time a lender will loan mortgage funds to a borrower. Most terms run from six months to five years, after which the borrower will either pay off the balance or renegotiate the mortgage for anoth er term. Payments are calculated using the interest rate offered for the term, the amount of the mortgage, and the amortization period. Multiple Listing Service (MLS): A comprehensive system for relaying information to realtors about proper ties for sale. Open Mortgage: A mortgage that can be prepaid or renegotiated at any time and in any amount without penalty. Partially Open Mortgage: A mort gage that allows the borrower to pre pay a specific portion of the mortgage principal at certain times with or with out penalty. Realtor: A trademarked name describing real estate professionals who are members of a local real estate board and the Canadian Real Estate Association. Transfer Taxes: Payment to the provincial government for transfer ring property from the seller to the buyer. Vendor Take-Back Mortgage: A situ ation where sellers use their equity in a property to provide some of, or all of, the mortgage financing in order to sell the property. Zoning Regulations: Strict guide- T 'fim king o f Setting? Caff 'Us ` Abo^it i% * MCs Listing Tee @ Home With The Goodale Group R E A L T Y LTD . REALTOR Mowimy yo ToCsltul 1 % MLS Listing Fee *The 1% commission fee does not include fee payable to Buyer's Broker (which could be GoWest Realty Ltd.). {M arek jK luga .Sales Representative 542-3511 Y e a rs since 1975 in the Real Estate Market Don Goodale B ra d M ille r `M o w i m v p o T o Cslzu y y Chris G a w rys Broker/Owner W /K & Richard M l:A nna 'p H C z a r n e c k a w * I Sobolew ski a D a v id H u n te r Sales Representative W s L . Sa*es RePresentative I Sales Representative lines set and enforced by municipal governments regulating how a proper ty may or may not be used. Don Goodale is a sales representa tive and Brad Miller is an associate bro ker for CENTURY 21 Miller Real Estate Ltd. Both can be reached at 905-8459180 or through the web at www.goodalemillergroup.com This /article was produced by the Ontario Real Estate Association and reprinted with their permission. Every effort was made to ensure the accuracy of this article. However, the information is general in nature. Please seek professional advice relevant to your specific situation. 416706-1425 B t I s k 4834511 I t J e t? 209-3511 cgawrys@trebnet. com aczamecka@trebnet. com rsobolewsHi@trebnet.com Isos 330-1888 mkluga@sympatico. ca "7 llie 937-3527 dathome@idirect.com OPEN HOUSE SUNDAY 1-4PM * rStunning 2+1 bdrm `Bungaloft1 overlooking tranquil serene greenbelt! This one has all the bells & whistles! Prof. fin. bsmt with 1 bdrm nanny suite! Cherry flrs/interlocking driveway/front walkway/5 person hot tub/cathedral ceilings in great room! Shows a 10++ $294,800 - ^ OAKVILLE - iii: ! $424,000 MILTON 534 W o ls e y C r . 1025 F re e m a n T r a i l Beautiful bungalow with ravine like very private backyard! Mature trees, pie lot with 77' across, back! Separate entrance to basement apartment (kitchen, bath). Great home for owner + income! Stunning home backing onto protected greenbelt! Open concept main floor, Brazilian hrdwd flooring w/maple inlays, entrance to garage, large patio deck, ensuite in master bdrm. MF laundry, ceramic backsplash & floor in kitchen, ceramics in bath. Shed w/electricity. call Anna call Richard call David r o y a l lepa g e R oyal L eP ag e R eal E sta te S e rv ic e s Ltd., B ro k e r i ^ ornce: 905.338.3737 Direct: 905.849.3357 " J 1 Sales Representative T /orv\& & PR IM E GLEN ABBEY! Spacious 4 bedroom Greenpark fiome in Glen Abbey, approx. 3,000 sq.ft.! Nicely decorated, main floor fam. rm., den & laundry. U/G incl: hdwd, ceramics, C/A, furnace, roof, gas FP, crown mouldings & more! Fully fenced private yard w/inground pool and deck area^ $169,900 E M P TY NESTERS! "Cabot" model with 1 bedroom + den in Burlington! Neutral decor, ensuite laundry, 1 underground parking spot & 2 storage lockers! Great location, never lived in, close to all amenities & easy access to QEW! Call Kate 905.849.3357 Call Kate 905.849.3357 TH EO A K V IL L E BEAM 467 Speers Rd. Oakville ON L6K 3S4 · 905-845-3824 Fax 905-337-5594 · Circulation 905-845-9742 Beautifully maintained 1 bedroom + den in prime Glen Abbey location!! "Cabot" model approximately 700 sq.ft. with ensuite laundry, u/g appliances, carpet, underpad and cabinets Clubhouse w/gym, sauna and party room! FIRST T IM E BUYERS! M O T IV A T E V E N D O R S ! Great 3 bedroom townhouse in Glen Abbey approx. 1,800 sq ft! Main floor family room w/fireplace, master w/full ensuite, prof. finished basement w/oak wet bar and 4 pc. bath! Fully fenced yard, close to schools & park, easy access to B U IL D Y O U R D R E A M H O M E ! Beautiful mature trees, Escarpment rock and stream! 12.37 acres of Escarpment land! Gorgeous corner property, dare to dream! Call Kate 905.849.3357 Call Kate 905.849.3357 Call Kate 905.849.3357 REAL ESTATE: Jean Wrigley: 905-845-3824 ext 244 Real Estate Coordinator realestate@oakvillebeaver.com jwrigley@oakvillebeaver.com Suzanne Trickey: 905-845-3824 ext 242 Advertising & Marketing Representative strickey@oakvillebeaver.com oakhomes@haltonsearch.com ALL AD BOOKINGS & COPY MUST BE RECEIVED NO LATER THAN THURSDAY AT 12:00 NOON. (except during a holiday week, when it should be in Wednesday 12:00 noon) WEEKEND SHOWCASE OF HOMES DEADUNE WEDNESDAY AT NOON. All ads are the exclusive property of the Oakville Beaver and may not be reproduced without the written consent of the publisher. SEE THESE LISTINGS AT www.oakvillebeaver.com PRODUCED ON BEHALF OF THE OAKVILLE/MILTON RE BOARD MEMBERS thinking o f Setting? C a t t `K a te fo r e Spacious 4 bedroom home in great Burlington location on a quiet crescent! Master w/luxuriouS 5 pc. ensuite, U/D kit.w/breakfast bar, high quality laminate firs, most brdlm replaced, finished bsmt! -Fully fenced private yard w/above ground pool, cedar deck & flagstone patio! A MUST SEE! Lovely 3 bedroom open concept floor plan on a 40' lot w/detached double car garage! 9' ceilings on both Ms, California shutters, pot lights, Maple hdwd, 0/S kit. w/butlers pantry, main fir laundry, separate dining room! Fully fenced private yard w/Cedar deck, pattern concrete walkways, easy access to all amenities! GREAT FLOOR PLAN! y o u r M ` T re e iH o m a rk e t Call Kate 905.849.3357 Call Kate 905.849.3357 `E v a l u a t i o n