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20 THE OAKVILLE BEAVER Friday, August 25, 2000 H O M E S Familiarizing yourself with common real estate terms (C o n t in u e d fr o m p a g e 1 9 ) institution lending the money, secured by a mortgage. M ortgagor: The property ow ner bor rowing the money, secured by a mortgage. Offer o f purchase and sale: The docu ment through which the prospective buyer sets out the price and conditions under which he or she will buy the property. Real estate board: A nonprofit organi zation representing local real estate bro- kers/agents, salespeople, which provides services to its members and maintains and operates a MLS® system in the community. REALTOR®: Trademark identifying real estate professionals in Canada who are members o f The Canadian Real Estate Association, and as such, subscribe to a high standard of professional service and to a strict Code o f Ethics. Term: The actual life of a mortgage con tract-- from six months to 10 years-- at the end of which the mortgage becomes due and payable unless the lender renews the mort gage for another term (see amortization). Seller's agent: The seller's agent repre sents the seller-- either as a listing agent under the listing agreement with the seller or by cooperating as a sub-agent, typically through the M LS® system. In dealing with prospective buyers-- customers-- the sell e r's agent can provide a variety o f infor mation and services to assist the buyer in his/her decision-making. The seller's agent does not represent the buyer. Variable-rate mortgage: A mortgage in which paym ents are fixed, but the inter est rate m oves in response to trends. If interest rates go up, a larger portion of your paym ent goes to the interest; if rates go down, more goes to cover the principal. The com m ents contained here are for information purposes only and do not con stitute legal advice. Procedures and laws vary from region to region. The Canadian Real Estate Association I ^ HUGE REDUCTION!! ek en d O PEN H O U S E S A TU R D A Y 1-4 PM S how case Mi Completely overlooks trees and park. Excellent River Oaks location, updated ceramics,'master SANDY ensuite, huge eat-in kitchen, fireplace, plus, DALTON plus, plus!_____________________________ Sales Representative ROYAL LEPAGE RE SERVICES BROKER LTD. 845-4267 DO NOT W AIT UNIT TOMORROW C A LL ME TODAY TO VIEW! RIVER O A K S Desirable location! 4 bedrooms. Large principal rooms! Greenhouse kitchen! CAC, CVAC, fireplace! Main floor family room! Appliances! Great Value! Offered at $269,900. 283 River Oaks Blvd. W. P O P U L A R RIVER O A K S A R E A Immaculate 2 storey, 4 bedroom home, main floor family room. Spacious kitchen with walkout to deck, 2 1/2 baths. Double garage. Move-in condition. Call JUDY NAYDUK, Sales Associate 9 0 5 -8 2 8 -3 4 3 4 R E /M A X REALTY SPECIALIST IN C . 9 0 5 -8 2 8 -3 4 3 4 RE/MAX PROFESSIONALS INC. 270-8840 V NEW PORT V IL L A G E OPEN H O U S E S U N . 2-4 LIVE TH E LIFE YOU LOVE! Renovated & Professionally Decorated T/O. Working Eat-in Kit. open to Family room. Large entertaining Dining room. Master with full Ensuite & W/I'closets, 2 skylights & main floor Laundry. Located at the Lake in well managed development. Don't delay, start enjoying life. 899 CLO V ERLEA F DR. M ARY FOSTER Sales Representative Call Paul or Mary 338-9000 or e-mail butler<@globalserve.on.ca PAUL BUTLER Associate Broker RINA DiRISIO Sales Representative Ideal location, w alking d istance to shopping centres, m inutes to Q EW , 403 and proposed 407. Separate garage w ith hydro, w orkbench. E arly possession. PAUL CH ARLEBOIS B.A., LL.B. Sales Rep. REMAX ABOUTOWNE REALTY CORP. 338-9000 O P EN H O U S E S U N . 1-3 ROYAL LEPAGE RE SERVICES BROKER LTD . 338-3737/849-3346 J.M. EDWARDS ASSOCIATES INC., REALTORS (905) 631-6363 OPEN HOUSE SUN. 2-4 2428 THE PROMENADE $589,900 483 AVON CRES., OAKVILLE Absolutely stunning custom Carriage Trade resi dence built by Van Hoeve. Spectacular Ravine lot with stream. Features include great room, luxurious master with ensuite. Walkout from lower level to deck. 3 bedrooms, 3 baths and so much more. See this home with me on Sunday.________ BILL DAVIDSON Sales Representative $299.900 EM P TY N E S TE R S DREAM Are you looking for that special! home that offers just about everything from comfort for you, t o ! wonderful entertaining with your friends? Stop right here This 2 BR completely fin. bungalow offers prof. fin. games rm .,r custom bar, prof, landscaped lot w/ingr. sprinkler system, 8-10*person hot tub in private gazebo nestled among the prof, land scaped gardens by Connons. Inside this beautiful home offers for mal dining, C/A, C/V & so much more. Only $299,900. WATERDOWN LLOYD & SUE WARR Brokcr/Salcs Rep. Luxurious exec. 3 storey semi, approx, 2500 sq. ft. This `like n e w ^ 3 bdrm , 4 bath well m ain tained home has lots to offer for the discrim inating buyer. Ensuite bath, priv. balconies, gourm et eat-in kitchen, F/P, ceram ics, 2nd floor laundry, fenced yard I & double garage. Walk to rec. centre and convenience shopping. View this weekend GLEN It w on't YEARSLEY last long!!! Sales Representative WARR REALTY IN C. 335-3988 WARR REALTY INC. (90S) 690-7653 SUTTON GROUP-RESULTS REALTY IN C . 3 3 2 -4 1 1 1