46 - Friday, February 28, 1986 - North Shore News

©,

WHEN YOU CAN AFFORD TO

LIVE ANYWHERE,

WHY LIVE ANYWHERE ELSE?

Luxury homes for sale in West Vancouser
on the unspoiled Caulfeild Plateau,

SAHALEE—A privately
planned community
incorporating traditional!

home values with

innovative architectural

design and building a?
lechniques, Kven from eo

the outside, each
luxurious home gives
you a feeling of
individuality and privacy.

FROM MID 8300's.
WITH EXCEPTIONAL
FINANCING AVAILABLE.

Upper Levels, Caulfeild Drive Exit South.

eee
SN QUADRANT DEVELOPMENT

For information 922-1531,
PROJECT

“Vanans todo better at what we do best”

Advertisement

Vaiac=

ALN

Buy First or Sell First?

By Tony Astles,
Royal LePage

A question many people ask
their real estate sales represen-
tative when they're in. the
market for a new home is what
they should do first: buy the
new home or sell their existing
one.

There are no fast answers,
however, because conditions in
the real estate market at the
time play an important factor in
the islon. h

jepending on the communi-
ty, it takes anywhere from 30
to. 90 days to complete the sale
of a home in a normal market.
This selling process begins from
the time you decide to put
home on the market until the
day a furchase agreement is
concluded.

Another 30 to 60 days can
usually be added to this time
frame before the transaction
closes and the new owner takes
possession.

Sicrt checking first
& 3uod strategy is to begin by
.gending some time in-
vestigating the market. Read the
classified ads in your focal
newspapers and then take a
few Grives through areas you
think you're interested in, mak-
ing note of the For Sale signs.
Another useful idea is to pick
up copies of the local real estate
board papers to get an idea of
what house prices are in the
area(s) you like.
Next, decide on a price for
x home. A reputable real
estate representative will do a
market value evaluation of your

property free of charge or
obligation. The value he or she
determines will be based on re-
cent selling prices of com-
parable homes in your area, as
well as the salesperson's ap-

raisal of your home and its
eatures.

By determining the estimated
market value of your home and
the amount of equity you've ac-
cumulated, you can better iden-
tify how much to consider spen-
ding on a new home.

en list your home for sale.
In normal _conditions this will
give you 30 to 60 days to locate
a new property. If buying activi-
ty in area is slow, you
should allow longer to sell your
home. | ;

rice properly .

One of the Rest ways to en-
sure a quick sale of your home
is to price it properly. There is
anatural tendency to try to sell
your home for as much as
possible, but over-pricing it
compared to simnllar homes in
your area ly lengthen the
time it takes to Sell You will
probably also be forced to drop
your price down to a more
realistic level sooner or later in
order to attract offers. Trust the
advice of a good real estate
sales representative: he or she
knows the market and can be

: objective about your home.

ven if you get an offer im-

- mediately after you list your

home, remember that you can
always try to negotiate a longer
closin te to give yourself
enough time to find and arrange
the purchase of the new home.

Once your home is.on the
market and potential buyers

have begun to inspect it, you
can the process of finding
a new home in eamest. Find a
sales representative who is
familiar with the area(s) you like
and to inspect the homes
listed for sale in your price
range. The salesperson who
listed your home should be able
to refer you to qualified sales
representatives in those areas.

Many people are concerned
about being able to arrange
both the sale and new purchase
so they don't end up with either
two homes or no home at all.
A knowledgeable real estate
representative can explain
several techniques that can pro-
tect you, such as making a pur-
chase conditional on the sale of
your existing home or arranging
interim financing.

Typically, you may want to
Move into yor new property
during a holiday period to
minimize disruptions for your
family. If so, you should begin
the buying and selling process
three or four months prior to the
date you want to move to allow
sufficient time in order to com:
plete both transactions
comfortably.

Tony Astles is the branch
manager of the Royal LePage
office at 105 Kapilano 100
Mall, South Park Royal,
West Vancouver, B.C. For
more information, contact
Tony Astles at 925-1441.

LO
CANYON HEIGHTS

The lucky new owner gets an absolutely
level 60x180 lot plus a 16x32
heated/filtered concrete swimming pool.
Don't miss this rare opportunity to acquire
a super lot in an exclusive area. Priced
to sell at $89,000

DAFFODIL LANE
Avery buildable near 2 acre lot
in an area of exclusive homes.
The natural seclusion is em-
phasized by its private road ac-
cess, tall trees & terraced slope.
Affordably priced at $89,900.

PRIVACY
LOVERS

BRAND NEW HOME ;
EAGLE HARBOUR

Thoughtfully designed Victorian style
home presently under construction in a
unique setting on an extra large lot. Hi-
‘tes include 2100 s.f. of fin. living area, 3
bdrm., 2% bath, jacuzzi, skylites, 3
FIP's. Full basement plus much more.
Now's the time to add your personal
touches! Best new home buy in W.V.
at $239,900!

PROPERTY
WITH REVENUE POTENTIAL?
Look no more! this charming home could
generate $1250/month income and has
excellent future development potential.
Call for details. Asking $125,500.

Pacific Real Estate

1516 Marine Drive
West Vancouver

FURTHER
PRICE REDUCTION!
BRAND NEW
4699 CAULFEILD DRIVE

Executive living atits best! Amenities in-
clude: 2800 sq. ft. of tuxurious living area,
3 bedrooms plus a den, formal skylit en-
try with spiral staircase, huge master suite
with jacuzzi and gas F/P. family room wilh
wet bar and F/P, Jenn-air, intercom,
security sytsem. Alt this is on a totally
private 82x147 lot & available for im-
mediate possession. Excellent value at
the reduced asking price of $275,000.

ONE BEDROOM TOWNHOUSE
Located in one of West Vancouver's
finest - developments with 2 pools,
squash court, gymnasium and beautiful-
ly manicured gardens. Meticulously kept
T/H with fireplace and updated kitchen.
Asking $109,000. #507-235 Kalth Rd.

PANORAMIC VIEW! |

VINSON CREEK RD
BRITISH PROPERTIES

This elegant 5500 s.f., 5 bdrm. home offers }° :

uncompromising quality plus a panoramic
city & ocean view. For family entertainment
@ pool, sauna, billairds room, 2 rec. rooms,
4 F/P’s, & numerous decks & patios are pro-..

vided. Practical amenities include’ 4% ‘I’ E

baths, sec, system, cent. vac., heated
driveway, & much more. .Priced in high
$500's.

ARC

QUEENSBURY AVE.
:Custom-bullt 3000 sq, ft. home with
skylit entry and spiral staircse, huge for-
mal dining room, sunken living room and
2 family rooms, numerous top quality ex-
tras. Asking $179,900.

SUBDIVISION

SQUAMISH
4.2 acres, Proposed subdivision of 14
lots, 4 of the proposed lots are already
serviced by sewer & water. Property
backs onto park. Asking $65,000. . ~
45.6 aces. Potential for 100 plus lots —
many with views! Zoning in place. All
services close by and roads are roughed
in. Asking $375,000,
Owner will finance for up to 2 years at
favorable rates.

THE ULTIMATE IN...
ONE LEVEL TOWNHOME LIVING
7 Luxuriously appointed residences

In the heart of

estside Vancouver.

®2bedrooms © 2 full baths ¢ Elevator
¢ Woodbuming F/Ps ¢6 appliances » Secured entry
* From 1138 square feet to 1321 square fest
Open for previewing Sat. & Sun. from 14 to 5. Comer of West 14th & Alder.

RALPH BENNETSEN
980-9640

MAURICE GRAY
929-6210

~VADIM KOBASEW
922.3452