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More C OlbOI’IlC‘ How to buy a house in Colborne Creek rea! ; sot m Cl ib Wantoto buy‘a~ housein . Representation form tells everyone _ subâ€"contractor problem. In most ‘ : i /« ..Colborne©".Creek;‘; the: ./ new~ who is representing whomâ€"on any ; cases, the deal will be silbject to 6 ree Ots : : . development in Colborne? Read on.. . specific offer..Mr. Chapman saysâ€" you getting financing, but that Local realtor, Stan Chapman of Tip : this form is now in use for 80â€"90 . doesn‘t take more than a few dayé + : *Top Realty, makes it â€"all sound ‘ per cent of all deals. It‘s part of the _ It could also include a condition . : ul ; ~* easy. fep _ _: .1s real estate industry‘s effort to . that your current home be sold if i continued from page 1 _ constriiction. We n In an interview last week, Mr. . make the business more open. you‘re not a firstâ€"time buyer 3 Project management costs outlined. Whatever route Council.§088; "Chapman outlined the process. Now, head off to the property, There is no sold sign on t.hqt lot Referring back to the October â€" Mr. Bowskill recommended that The first thing to do is contact: check out the lots on the Colborne â€" until all the conditions havo‘bcen 16 meeting of Council, Deputy . they put it out to tender if they your realtor:and let him:or.â€"her â€" Creek. plan, maybe even look . met. And the seller may have an 6 Mayor Ray Kelly asked Mr. . were going to spend themoney:> ;\ know you are in the market to buy... ; through one of the model homes. escape clause inserted in the event | Bowskill what the Builders‘"~ â€" At its October 19â€" méeting,..The realfor will Want to know:how â€" «If you‘re buying from a model or. . that you can‘t meet the conditions I Group would charge to manage. Council was faced with a youwishtobe represented.‘©"... .~,.â€"a plan, you may want to make | within a reasonable time (Often | the project. (Council approved * recommendation from its lawyer, .. Most buyers want anâ€"agent.to. some changes. This is the time to ; two weeks). f | them as the managers on Oct. 16, Peter. Hustler that the‘ entire: represent them; but some prefer to . upgrade the flooring, change the As a realtor, Mr. Chapman ] despite uncertainty about the development be put on holdâ€"‘do the shopping themselves:‘~* cabinets, or even move ar interior‘ doésn‘t advise keeping a longâ€"term I cost) pending receipt of further If you have an agent working for | wall. + condition on a property. It ties it ! Mr. Bowskill explained that an â€" information about the cost of the you, the agent will split ‘the Now, make an offer on the up for toolong. f i outside project manager would project. commission for the sale of the . Agreement of Purchase and Sale The offer will have a number of charge between $85â€"100,000. He After a lengthy discussion on house with the agent who‘lists the forén. haven $ clauses protecting the buyer and later outlined in an interview that â€" Oct. 19, Council agreed to procéed house for sale. If you work on your 0 far, you haven‘t spend a cent â€" seller from anything unexpected} ( they generally charge about 10 _ with the model homes and a total own, you don‘t save anything. The. on anything but your gas. You‘ll | They will define how much will be § Division St. It lister | pockets© the whole® start now. . paid when the deal closes and the per cent of the value of the work. . of seven houses on Division [ , a 8 . | Estimates to date for servicing the will wait to decide on the rest commission, f The offer.will define which of house becomes yours. One clause i nries 8 5 ; . ; h But don‘t worry about money â€" the 72 lots you have chosen, . will allow for a house inspection subdivision have ranged from â€" until the bids are received for the % be putting any. describe the plan and name the lot. â€" anoth f I » . i1li 2 million: servicing. If they are high, now.You won t be P} &. ‘ 3 ul elot. another _ will~ define . the j $1.15 million to about $2.2 mil : Rep money out until you‘re serious The price you are offering will be â€" specifications of the house. If it is a The‘actual cost will be established Council may want to take another 700 077. pimg a degl included and a deposit, usually â€" new home, you will be expected to when bids have been received on look at a suggestion made by Onge you h(ave a'greed with the . around $2,000. But it cold be larger â€" pay some of the cost as it is built. __ ‘the job sometime in January or Councillor Ed Van Egmond that realtor how much commission will â€" on anew home. It will be deposited Somewhere in the long list you February. According to Mr. the â€" Township | sell . the./? paid, you sign a Buyer Agency _ in the listing broker‘s account and â€" will find the list of restrictions Bowskill, that is an ideal time to â€" development to a developer. Asroement. Commissions stay there. If the house is placed on the property by the seek tenders. Those costs will be a Council agreed on Tuesday to generally range from two to three. purchased, the money will beâ€" ‘Township. This can include fences, | major factor in the final cost of Mr. Bowskill‘s request that the per cent of the sale price. When applied to the cost. If the deal falls sheds, driveway materials, and | the lots to the builders. _ . new plan be approved. Once D.M: D0\ Jqq in the selling agent‘s . through, it‘ll be returned. "~â€" anything that might affect the | If the Builders‘ Group manages Wills has completed . th8 Fommission, that can add up to Rarely, a buyer will lose the outward appearance or use of the | the installation of services, Mr. â€" engineering plans they will be â€" zo 39 §12,000 for a $200,000 home.: â€" deposit by not acting in good faith: property. $ 1 Bowskill estimates they ‘will sent out for tender. \_l.ns Now you have an exclusive agent Often that happens when the buyer The papers are signed, the l charge about $40 per hour.â€"This is ‘At the request of COl_ln%lu_Olf working for.you for a set per1qd of ‘â€" decides not to get financing. house is built, it‘s time to move in? significantly less than the $125â€"150 . Marce _Coomb's,.TDWHShIP hief puyg ue (oictuns jo s {ontairles when you miake your offer; you . Notyet. s d | per hour that an erigineer would Building Official and Planning _ y5y and‘your agent can put .. and the seller will place conditions â€" ‘Get out your cheque book: | ‘charge; Mr. Bowskill added that . Coordinator, Becky Bonisteel Will ;ogether an offer on the proper‘ty . On the sale. Both sides have to *There are land transfer taxes, legal ' here would be expenses and an > consult with the Builders® GrOUP you wantâ€" and sign another paper. . agrce. These will probably include . fees, title search fees, and moving .gtg'nerieneér would have to. beâ€" to determine what is needed from This one, called a, Confirmation :. the time the house will be finished,... .costs: â€". /.. _ / _ .. C : wA | brgught in at critical stages in... a project manager. .. =_of §iy? Co»-op_erathn x/ and barring unforeseen weather or a â€" ‘_Now you can mo"_/e in.s > | § § 6