24 - Friday, August 2, 1985 - North Shore News YOU THE VENDOR Typical aspects of a transaction | WHEN YOU decide to sell your property, you become the vendor, or seller. Most vendors engage a real estate agency to help sell the property although you may of course sell your own property without the aid of a licensed salesperson. When you and the licensee agree to work together, you may sign a legal document (contract) called a listing agreement, in which you promise to pay the real estate agency an agreed-upon commission for its work in promoting and completing the sale of your property. This listing agreement can be for either an exclusive listing or for a Multiple Listing. The exclusive listing gives a specific agent and his licensed salespeon'- the sole right to sell the property on your behalf, for a specified length of time. The Multiple Listing Agreeraent gives a real estate agent who belongs to the Multiple Listing Ser- vice the right to offer your property for sale, and to make information available to all other members of the service. The agency then decides how to promote a sale of your property by using one or more methods, including open houses, advertising, tours for other agents, etc. When prospective — pur- chasers have been located, the ficensee obtains from them and presents to you a written offer in the form of an Agreement for Purchase and Sale a legal contract often called an ‘Interim Agreement”. The licensee must present all offers to you, which you can either accept or reject, based on consultation with, Seo Interim Page 25 Owning real estate a secure investment REAL ESTATE in B.C. is based on the principle that you, as a private citizen, can own property freehold. That is, it belongs entirely to you, forever. There are variants of freehold, e.g. co-operative ownership and condominium (strata-title) ownership, both of these be- ing alternate ways of acquir- ing property, most often apartments and townhouses. There are other ways of using property which include rental, usually invelving a short term tenancy situation; and usually involving a short ¢ Dishwasher A MAGNIFICENT PANORAMIC VIEW OF MOUNTAINS, WATER, & VANCOUVER SKYLINE © Covered parking secured « High Tech kitchen © Close to ail major buslines in N. Yan. ¢ Storage Lockers « Baicony for every suite term tenancy situation; and leasing, usually involving a longer term of tenancy where the lease, if over three years, may be registered in the Land Title Office. British Columbia uses the Torrens method of recording the ownership of land. Re- cords of ownership (titles), easements, mortgages, or any other encumbrances on the property, plus ail tran- sactions to do with the ownership of the property, are maintained in a registry office called the Land Titles Office. FOR RENT Bce NORTH VAN. Professionally managed by MacKenzie Management Ltd. 687-2100 When the ownership of a property changes hands, or when any transaction to do with the property occurs, legal documents are drawn and should normally be reg- istered in the Land Title Of- fice. (Unregistered claims have no automatic validity.) An assurance fund is main- tained to protect the public against registration errors made by government - | empioyees, Thus, in British Colum- bia, ownership of real estate is one of the most secure forms of investment. Pacific Real Estate 1516 Marine Drive West Vancouver 925-1135 TWO BRAND NEW HOMES CANYON HEIGHTS $169,900 Architecturally Gesigned post Modern style home now under construction in very desitable area of North Van Highlights include: 1887 sq. ft. of finish. ed living area. Skylights, vaulted ceilings, formal entrance toyer, 2 fireotaces, 2 sundecks, cedar siding and rooting plus ee much more. still time to add your personal - - touch with carpet and cabinet selections. ‘ : Occupancy mid-Aug. 1145 OTTABURN ROAD BRITISH PROPERTIES $169,S00 Looking for an unobstructed city & ocean view? Plus a large level tot on a quiet street, @ sunny patio for barbecuing or just wat- ching the ships come in and a convenient location only minutes from shopping, parks & beaches. Then this delightful 3 bedroom home is for you! Cail now to view. 4699 CAULFIELD DRIVE Executive living at its best! Quality craft- smanship including: formal skylit entry with sweeping Spiral staircase, huge master suite with jacuzzi and F/P, Jenn-air, inter- com, security system etc. etc. Occupancy mid Aug. Asking $295,000. RECREATIONAL PROPERTIES QUEENSBURY AVE. Custora built 3000 sq. ft. home with skylit entry and spiral staircase. Huge formal din- ing room, sunken living room and 2 family rooms. Numerous top quality extras. Ask- ing $185,000. Waterfront Condominiums 6 - one bedroom units (/91 s.f. - 884 s. 3.£) priced from $58,090 to $62,00 6 - two bedroom units (1284 s.f. - 1618 s.f.) priced from $100,000 to 155, 000 5 - three bedroom units (1262 s.f. - 1337 s.f.) priced from $134, 000 to $155,000 FEATURES + underground parking - security entry phone - elevator + spacious baiconies - Sauna, swisl-pool, exercise room + wood burning fireplaces - billatrd & shuffleboard room & fulty equipped lounge All this and the most magnificent waterfront view that Sechelt has to offer. > non-combustible construction 3 ACRE WATERFRONT ESTATE § A unique oceanfront estate in th village of Sechelt. Set amongs' the totally private and superbly§ landscaped grounds are a stately 3500 sq. ft. main residence, guest house, multi-car' garage/workshop and boat house. All 3 acres and 300 ft. wif are level and offer panoramicf south and west views. Owner will consider Vancouver pro perty in trade. Exc. financin avail. Asking $495,000. WATERFRONT LOT Level, 140 4. x 128 ft, semi-waterfront lot in Village of Sechelt. Southern exposure and panoramic views to Vanc. Is. Subdivi- sion possible into 2 lots. Owner will offer excellent terms. Asking $125,000. © PEMBERTON ACREAGES 2800 sa. ft. deluxe log home on 25 level acres, with 2000 feet of riverfrontage. Top quality construction. Fabulous view of sur- rounding mtns. ideal group purchase. Owner wil} assist with financing. Asking $250,000. , Several smatiier acveages also available. SUNSHINE COAST — $59,500 Quality built, 2700 sq. f1. home on 2.5 acres. Skylights, oak flooring, vaulted ceilings, etc., etc. Owner will consider all otfers! : VADIM KOBASEW i 925+1135 (off.) 922-3452 (res.)