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<n. PRO mera ene tems pec ae fs os oe a p { ' oa Bryan Davidson residential appraiser During my _ high school years real estate sales blossomed. I've always been interested in real estate. I met a fellow, an appraiser, who directed me to Seneca College. I sold real estate in Toronto to get my basic experience. Being a_ residential appraiser is very satisfying. Every property is different, each problem under appraisement is dif- ferent. I start from 'seratch and through accepted procedures estimate a value. Then I have to defend my conclusion, more or less prove that I am right. When I come up with a value, I have to stand by it. Being a_ residential appraiser is similar to sorting a jigsaw and starting to put it together. Errors and omissions insurance is something I carry. It's probably a necessity at this point in time. I could be called to court at any time over any estimate. I might have to go to court to substantiate a value, or defend a vlaue if any kind of problems associated with the appraisal itself arise. I'm a member of the youngest profession, a profession that has been around only 20 years. I work on a Straight commission basis. I'm here to generate as much volume of business as possible, and that is obviously to my benefit. I try to be on the road in the morning, which is the time I do my physical inspections. I measure the property, see if I can find any signs of depreciation, check the lot. I make a search of the neighbourhood, first, to see what's in the surrounding area, and second to see if there have been any com- parable sales in the last 12 months. When making up an appraisal of a property I check the zoning, taxes, bylaws that might affect it. Then I correlate the field, apply the accepted approaches, and come to a reasonable con- clusion. A bank might want an appraisal so it could advance a percentage of a property's appraised value for a mortgage. If the borrower got in trouble with his payments, the bank would have the ap- praisal to check its security. A bank can take legal action if an appraisal is fraudulent. More ap- praisers are facing litigation as more properties are being sold, it seems. An appraiser can be taken to court if the bank tries to sell an appraised property and finds it is not as valuable as the ap- praiser said. I am a Canadian Residential Appraiser. I have taken a system of courses offered by the Appraisal Institute, a private institution whose graduates are recognized by the courts and lending institutions. I can sign an ap- praisal of residential dwellings containing up to thrée units. My credentials are similar to an Ontario Land Surveyor's cer- tificate. The next step up is to the industrial and commercial level. I can do that work now, but I can't sign my initials. Generally people want those initials. The Friday Times Second Class Mail Registration Number 3194 and Friday Citizen Second Class Mail Registration Number 2327 by Douglas Parker Publishing Ltd at 521 Bay Street, Midland, Ontario/ 526-2283 Penetanguishene, Ontario/ 549-2012 Publisher Douglas Parker 75 Main -- Street, Managing Editor J. Douglas Reed The Friday Times and Friday Citizen are distributed free each Friday to households in Midland and Penetanguishene Parker Publishing Limited also publish The Midiand Times, Penetanguishene Citizen and Elmvale Lance each Wednesday in the Huronia market. Page 4, Friday, August 22, 1980 Runaway victory for Therrien's Therrien's showed that they deserved to win Tuesday Night's game against Mr. Submarine as_ they disgraced them 16-3 in Olympia Fastball League action. Second inning: set the pace of the game, as Therriens jumped ahead seven runs to Mr. Submarine's two. From there on in, it was Therriens' game, as they held Mr. Sub- marine to a scoreless game except for one run in the sixth inning. Therrien's, however didn't stop scoring, with two runners crossing the plate in the fourth inning, one in the fifth, and another six in the sixth inning. Bob Lapham pitched a two hitter for Therrien's, striking out an impressive eight batters. Doug Sallows did not fare so well on the mound for Mr. Submarine. The win puts Therrien's one game up in- the best of seven series. The second game is slated for Sunday, Aug. 24 at 7 p.m., and will be played at the main diamond in Midland. Ehler happy with progress Midland Commiss- ioner of Works Percy Ehler announced this week, $1.5 million of the $5.6 million expansion of Midland's sewage treatment plant has been completed. Another _ significant pour of concrete is scheduled for the new chlorination tank, he said Monday. He is "quite happy with the progress" being made. The work is a bit behind the starting schedule, due in part to minor' disruption resulting from province- wide strikes earlier in the year by various unions, but he does not foresee any problem preventing the con- parts, repairs, etc. Price of garbage goes up Elmvale Council, at their regular meeting Monday night, agreed to increase the amount paid to Morille Moreau of Penetanguishene, for the collection of garbage in the village. Mr. Moreau had signed a five-year contract with the village for collection in 1978 but approached council Monday to request the increase to help cover the rising costs of truck Reeve and council agreed costs were rising and awarded the man a raise from $14,000 per year to $17,000 per year effective Sept. 18. The clerk then presented him with the check. the job by the agreed- 'tractor from finishing upon date. a Windsurfing School 1.W.S.S. 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