64 - Friday. January 18, 1991 - North Shore News

REAL ESTATE
Draw up contract carefully

WHEN YOU find a home
you want to buy, you'll
make an offer to the vendor
by completing a document
called a Contract of Pur-
chase and Sale, which is
your first step cowards
ownership.

Poorly drawn contracts at
this stage are the largest
single cause of problems in
real estate transactions.

This contract is a sum-
mary of the terms and con-
ditions relative to the trans-
action between yourself and
the vendor, and it should
contain very clearly all you
can or intend to do, and
exacly what you expect to

receive.

This is your offer, and
will become your obligation
if accepted, so be certain it
accurately reflects your in-
tentions, that the property is
identified correctly, names
spelled correctly, mortgage
information properly stated
and the extras you want ful-
ly itemized. The intent of
every line should be clear
and specific so that no mis-
understanding can arise re-
garding who will do what
and by what date.

This offer can be ac-
cepted, rejected, or
countered by the vendor. If
countered, his counter-offer

will come back to you, the
potential purchaser, for
your consideration. You can
accept the altered offer, or
Teject it, or you too could
counter his counter-offer.

When the two parties to
the offer — the vendor and
potential purchaser — have
reached agreement and duly
signed the contract, it is a
legal agreement of sale. The
Contract of Purchase and
Sale is followed by other
documentation to be drawn
up by a notary or solicitor
in the conveyancing process,
but that original Contract of
Purchase and Sale is really a
final document.

a oF:
#Garden |
uES TATE

ESTATES.

EILEEN SMITH
or
TONY A. MEROLA
435-9477 or 420-5155

SPLENDID PRIVACY

Set on a 70'x127° corner lot steps
from Lynn Canyon Park. This
beautifully maintained home has a
completely private, beautifully tand-
scaped backyard, which is a
gardener's delight. Almost 2500
sq.ft. fully finished 4 bedrooms, 3
bathrooms, den, tamily rm, formal
dining room and tiving room with
vaulted ceilings and floor to ceiling
“quarry-stone” fireplaces. A
superior home in an area of other
find homes. Priced at $264,500.
Come to the OPEN HOUSE on
Sunday 2 to 4, at 3260 Robinson
Rd. For a personal viewing call
Tony or Eileen at 435-9477 or
420-5155.

Sutton group - excel realty.
"AN INDEPENDENT MEMBER BROKER™ :

CORNER OF LADNER TRUNK ROAD AND 64th ST.
OPEN DAILY ttam to 5pm (except Friday)

940-9674
SPACIOUS RANCHER TOWNHOMES
From $161,500. incwupes asr.

80% FINANCING AVAILABLE FROM

VanCity gia

CONTACT: CAL JANG 649-7621
FOR FREE APPRAISAL

GARDEN ESTATES or LADNER

ROYAL PACIFIC MANAGEMENT CORPORATION — 270-7734
ANOTHER QUALITY DEVELOPMENT BY NORTHMARK

“a CHARACTER HOME io

4327 ERWIN DR., WY. BRING YOUR DECOR ING IDEAS
Don’t miss this great investment ppty. Approx. Huge central sunny fot. Features spacious rooms
14,000 sq.ft. fevel lot backing on Cypress Creek. throughout, 3 large bedrooms, 2 with new en-
Privacy and location make it unique. The property| Suites; large living room with adjacent sunroom, |
has a 1200 sq.ft. 2 bedroom, 2 bathroom liveable country kitchen; separate dining room; plus ful- }
home. For details cali . ly finished basement with 2 additional bedrooms.

° $363,000.

MIKE McAULEY 922-2504
925-2911, Pgr. 645-9780 BRYCE LEIGH 983-3502, 925-2911

NORTH VANCOUVER

"OPEN DAILY -
16 PME |.
207 Corifedera: an Drive

ort Coquitlam

" 941-6840° 7

VIEW SUITE - CENTRAL LONSDALE ~
[ SUITE DEAL immaculate 2 bedroom suite in this great recent
Conveniently located 2 bedroom suite featuring} ouilding. Shows like new and has a great view.
fireplace, large walk-in closets and recently up-| Drive by 1550 Chesterfield and call for your
dated throughout. $119,900. private showing.
BRYCE LEIGH 983-3502, 925-2911 PETER EBNER 922-1850, 925-2911

Sussex Group - S.R.C. Realty Corporation
West Vancouver Office 925-2911