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FINE OSHAWA HOME --GLENMAR CRESCENT Pus a Selection Of Builder Most Important Step © painter and a score of other tradesmen, He is usually operating under the regulations of the National Housing Act and mortgage lend- ing institutions, as well as the national and loca! building code zoning and planning regulations. All of these have a definite bear- ing on what he may or may not EPS SSN US a means a lifetime of comfort and satisfaction for you and your family, : Perhaps few people realize the function of the modern builder. Although he still remains an in- dep it busi an, he is responsible for pied hg the efforts of all the specialists who work on your house--the car- » The selection of your builder 4s a most important step in the of becoming a home 'owner. It's worth your while, efore, to take time to find a 'builder with a sound reputation Tor integrity and technical abil- 'ity. With the right builder, pro- ress ig smooth, problems are 'at a minimum, and you take given price range. How do you select « rospon- sible. builder? Well, a good place to start Is with your local affiliate of the National House Builders Asso- ciation, a national organization of over 3,200 members in 50 Canadian communities. Its mem- bers are active in research to develop new materials, new building techniques, new equip- ment and improved methods of home financing, to the end that every home purchaser may get the greatest value possible for his housing dollar, All NHBA members subscribe to a Code of Ethics which assures home buyers of their Possession of a home which|penter plumber, obricklayer,'be able to accomplish with a reliability and sound jerform- LOUPAN Proudly Presents the ALPAN HOME BOWMANVILL Subdivision off Liberty St. North LOUPAN DEVELOPMENTS For Further Information Contact " Lloyd Metealf Real Estate Ltd. W. Frank Real OSHAWA 728-4678 BOWMANVILLE 623-3393 Estate Ltd. |workmanship, The prospective home buyer is often on unfamiliar ground, and understandably confused when faced with the technical and legal terms involved with acquiring a home. Defined in non-technical lan- guage, here are some of the common terms you'll encounter in purchasing a home: MORTGAGE | A mortgage is actually a promise to repay a loan and stipulates that a property wil be forfeited in the event of non- payment as promised. Failure to pay the debt need noS5 mean you automatically lose your house, however. If you run into temporary financial difficulty, the first thing you should do is get in touch with your lender and explain your situation, In most cases, parti- cularly if your mortgage is guaranteed 'under the National Housing Act, they will do their best to help you through your difficulties, | Serious financial problems may make !t advisable for you to dispose of your house by Understand Phrasing your lawyer from the beginning: of. your plans te purchase. OFFER TO PURCHASE chase is 2 written contract] th which states that the owner agrees to sell, and the buyer agrees to buy. It binds both parties to stated terms conditions, It should include all necessa clauses ticularly in' regard to possible title defects; the purchase price and terms of payment; dates on which the deal is to be closed, and when possession will be given. If a penalty ¢lause for delays beyond the possession date is included, payment clause for possession in advance of the promised date should also be included. cost of services such as water, sewer and roads is included in the purchase price, or if you'll be required to pay additional local improvement taxes over a period of 'years. DEED OF CONVEYANCE document which names you as Of Neighborhood © availability of protection, such as fire hydrants and close prox- imity to a firt station, also play an imoerieg Se ao an acceptable - The wise r thinks of his eousielt te 7 a Pang deal". In buying your lawyer's, Lyd yw he must keep in docutiant abi t in addition to gainin practically the x obtain-|* house he is. also ig its tend fs environments. i same in all ovinces, there are @ vari- phewepe ations in the 'oon "regarding = owne! . Your lawyer can vise the technicalities of this smatter. * OPTION - - An option is a document stip- ulating that, for a consideration, Teac. fase on I oO ing ® property w a specified time, If you don't buy, ia lose your 1 NING Zoning is the method by which municipalities regulate the use of property, It may di- vide a communty into sections, and specify which type of con- struction is permitted in each, Kept within reasonable limits, zoning helps preserve property values, Every purchaser of al} home should examine the exist- ing and Frovesed zoning regula- |tions before he agrees to pur- I chase. owner of the property which you are purchasing. It is your responsibility, or to ter this An the for ing a elon tie te" the accepted offer to pur- and descriptions; escape both parties -- par: 'or the CALL N LANDSCAPING VAN BELLE GARDENS "The Friendly Gorden Centre' 3 MILES EAST ON HIGHWAY 2 -- PHONE 623-5737 a premium You shouid note whether the A deed of conveyance is the sale if you cannot maintain the payments. In this event, you will probably realize some re- turn from your equity. In any case, foreclosure can only take place after suitable legal steps are taken and any applicable period of grace has expired, | The laws are designed to pro-| fect both the lender and the borrower, Reputable mortgage Raters are not anxious to fore- close. LIEN | A lien is similar to a mort- gage, in the sense that it is a money claim against a property. A lien might be filed by a sup- plier or subcontractor who has provided materials or labor for your house, and has not received payment, A lien must be prop- erly filed by the claimant, and has a limited life preseribed by statute which varies from prov- ince to province. If, the lien-hold- er does take action within the prescribed time, the homeowner may be obliged to pay the amount claimed by the lien- holder or, alternatively, the lien-holder might foree a sale of the house to liquidate the debt. The home owner's protection against this sort of difficulty, of course, is: (1) deal with a repu- table builder; and (2) consult ance, Many Association mem- bers offer a one-year NHBA warranty to their customers. Generally speaking, a builder who is willing to give a one-year warranty on his house is display- ing a prime example of good faith. It's not good business for him to use inferior materials or From the moment you decide to buy a home, you find yourself taking an increased interest in every home you see. Your friends will be glad to tell you about their own experience with home ownership, and can often provide information on a good builder to consult for the type of home you're seeking. Finally, the best check of all is the number of satisfied cus- tomers for whom a builder had erected houses--houses which have stood the test of years of useful service with a minimum of maintenance and repair costs, After carefully selecting your builder, put your confidence in him, He wants you to be a satis- fied customer, because building customer satisfaction is the way he stays in business. DON'T BUY NEW DRAPES . . . Not Until You've Seen the Largest Variety. of. Ready- To-Hang Drapes in Oshawa . . .! 45" sO 5. | SHORTIES at Ward's from FRIDAY 'til 4" -- 63" Finished Length seeeneecen J l 95" Finished Length FULL FLOOR TO CEILIN at Ward's. ...from..... SIZES TO FIT UP TO 16 FT. TRACK IN STOCK NOW .. . AT WARD'S Customers tell us we have more selection both in custom made and ready-to-hang than anywhere else. Why not see for yourself? Come in and discuss "your drapery problems with our experienced and quolified decorating staff. D'S DRY GOODS . C SIMCOE ST. SOUTH AT ATHOL Downtown Oshawa 725-1151 q Why... do builders of quality homes and apartment buildings insist on... for all their Broadloom and Carpeting needs: because they know How important thot new home -- or thot lovely suite is te you, But then, there ore so mony details, floor coverings, door mats and lots more, it's here, where Ansus-Gravoon comes in, With @ combined ex- perience of years, they can offer advise of the highest standard, For Vinyl fleors, for rugs and carpets, for wall te wall broadioom, and, yes, even for your doormat! Remember .. . One needs advice in this day and age There are so many different brand names, textures, qualities sub- stances and uses for the often splendid new fibres and materials. It could confuse you. That is why we are here, To odvise on these matters, to give you the best available materials, within one's budget. To tell everything obout brand names, mon-made fibres, Vinyls, etc., AND, WE HAVE THE BEST AVAILABLE MERCHANDISE IN STOCK, THE BEST AVAILABLE EXPERTS TO INSTALL OR SERVE YOU AND, THE BEST AVAILABLE "AFTER THE SALE" SERVICE. BETTER BUILDERS CONSULT US .. . WHY DON'T YOU! [» NGUS-GRAYDON ce J policy: | We pledge te give our clientele the best possible edvice in all matters within field of bu 6 to give our clients the best value per dollar spent... te never mis h = sive you courteous, service before, during end after the sale te retund your mene ' eee money within « ° able time, If goods are not oatistactory . . . te give the beet workmanship possible... te guaraiites eur oe fe our busi te the best of our knowledge end In en ethicel manner. _ANGus-GRAYDON CARPET COMPANY LTD. 282 KING ST. WEST TELEPHONE 728-6254 OSHAWA