oo a1 on Mien nemnernese tee TAN Ie aneae meena tna naan nate Pee:

Real Estate —
et a fair

for your hor

WHEN YOU decide to sell
your home, one of the first
decisions you will face is
‘*How much should I ask?’’

You want to price your
home low enough to produce
a quick, efficient sale, but
still high enough to get a
reasonable return on what is
probably your major in-
vestment. Therefore, it is
essential to determine a fair
market value.

“Fair market value’’ is
defined as the price a willing
buyer will pay to a willing
seller without duress or
pressure,

Like any other product,
the value is based on supply
and demand. However, no
two homes are exactly alike.

Factors such as communi-
ty, location, age, condition,
improvements and design all
have an impact on a home’s
worth. Since similar homes
compete for tthe same
buyers, you will have to
make sure your home is
priced competitively.

The state of the market
also affects value. If there
are a lot of homes for sale
and just a few people inter-
ested. in purchasing — a
“‘buyer’s market’? — prices
tend to go down. You may
need to lower your estimate

of value in this kind of mar-

ket.
‘In. a ‘‘seller’s market,’’
there are many buyers and

fewer homes for sale. In this
case, you can expect to

_receive a stightly higher price

for your Lome.

You probably have a
rough idea of the general
price range for homes like
yours by talking to friends
and neighbors, reading
newspaper articles and real
estate advertisements, and
comparing your home to
others which have recently
been sold in your
neighborhood.

What you need now is
solid, factual information
that will allow you co judge
the value more accurately.

Your best source fer this
kind of information is a real
estate sales representative,
who deals with buyers and
sellers on a day-to-day basis.

Reputable representatives
will provide you with an
evaluation of your home,
free of charge or obiigation.
This evaluation will take into
account miarket conditions,
asking and selling prices for
homes of the same type and
all the special features that
make your home unique.
Your representative also has
access to complete computer
inforniztion on the homes in
your community that have
recently sold or are currently
listed.

By, entering information

‘about your home into a

computer — i.e. location,
size and special features —

rice
ie

the representative can get a
list of similar homes, com-
plete with asking and selling
prices. Then you can com-
pare these homes with yours,
discussing the differences
and how they will affect the
value.

DON’T OVERESTIMATE

Keep in mind that many
homeowners tend to
overestimate the value of
their homes. Personal at-
tachment, pride of owner-
ship and a desire to obtain as
high a price as possible all
influence judgment. Try to
take an objective fook at
your property.

Location is the major fac-
tor affecting the value of
your home. Virtually
everything else can be
changed by the buyer, but
the location is fixed.

Consider the age and con-
dition of your home. Will
the purchaser face hundreds
of dollars in repairs? Can
you offer new heating, wir-
ing, plumbing and a sound
roof? How about walkways,
driveway and porch?

Some expenditures on
maintenance may be wor-
thwhile. You should discuss
these issues with your agent.

Also take into account any
improvements and renova-

Sea Discuss
Page G5

57 - Friday, December 4, 1987 - North Shore News

2454 HAYWOOD AVE., WEST VAN. (24 HRS) 925-1347

“DEVELOPMENT
OPPORTUNITIES!”

1. Building lot for 20
apts./condos. New
available. Vendor finan-
cing. $190’s.

2. Lot being rezoned for §

fourplex. Prime North
Vancouver location.
$220’s

3. 4,000 sq.ft. lot. Central
Lonsdale area. $70’s.

A proven sales record
with over 100 sales in 1987

TONY ROSSETTI

O. 985-8231

Re
“MECHANICS DELIGHT

This extra clean 4 bdrm. (2 down) 2 bathroom home with gleaming oak hardwood floors includes
garage with attached workshop $140's.

SPACIOUS

One level 3 bdrm. strata suite with parking at
your front door. Includes insulte laundry and

. Storage too. Must be sold, recelvership, Offers

to 375, 900.

SUNNY DELBROOK

Great west of Lonsdale Delbrcok location. In-
cludes a super new oak kitchen, a family room
with fireplace and an 80’ potentially subdividable
lot. $157,500. .

CENTRAL CONVENIENCE

Located in the fabulous Douglas House this sun-
ny south west corner 2 bdrm. 1000 sq.ft. suite
has a gas burning fireplace and a very generous
sized mastet bedroom. $97,500.

EXCITING

Not your average home. An exciting blend of con-
temporary flair and the warmth and charm of a
traditional home. 4 levels, 3 bdrms, 3 full
bathrooms, hot tub and more. $175,000.

H. 980-0243

“INVESTMENT
OPPORTUNITY”
Brand new townhouses
available in clusters of 2,
3 or 4. Only $7,500 down
| for each townhouse.
Tenants already in place.

+ “INCREDIBLE VALUE”
; Beautifully designed
brand new duplex. Ex-
pected revenue

1 $28,800/yr. Live on one
B side with revenue to pay
k your mortgage on other.
1 $150’s

“HANDYMAN’S
DELIGHT”
f Good size home on 4,000
f Sq.ft. lot. Bordering creek.
| 2 bdrm, 1 full bathroom.
With a little facelift, great
value to be gained. $80’s.

GREAT LOCATION

Superb Canyon Heights location. Includes 2 bdrms, and den on the main floor plus 2 more bdrms.

down in developed basement. The level private lot faces south for lots of sun. $157,000.

EXTRA SPECIAL 7

Spacious and tuxurious 2 bdrm, 1% bathroom,
sunny south facing suite with gas fiieplace, in-
suite laundry, and superb finishing. $99,500.

eal. +> eptety
CHARACTER
Character home lovers see this Grand Boulevard
4 bdrm. home with cross hall diningroom,
gracious living room and new oak kitchen,
$190’s.

CAREFREE LIFESTYLE
3-4 Bdrm. south facing townhome with fenced
yard, near new carpets, fireplace, 1 full and 2
half baths and lots of storage. $109,500,

~ SWIMMER’ S DELIGHT

A tabutous indoor pool is just one of the special
features of this 4 bdrm. cul-de-sac located Cape
Cod in supericr Delbrook iocation. $260's.

Comedy