WHITBY FREE PRESS, WEDNESDAY, JUNF 11, 19 W, PAGE 17 DOLLAR UiniE Cover ail terms By Murray Rumack, CA After the hunt, when you have finally found a bouse you would like to caîl your own, don't be tempted to pounice -- to dash off an offer to purchase jusî 10 beat other potential buyers. Once an offer to purchase has been accepted and sigred, it is a binding con- tract. So your offer sbould outline in detail. ail of the teirms agreed to by you and the seller. Take time to visit Doilar Sense offers of deal in offer to buy home general financial advice by members of The Institute of Chartered Accountants of Ontario. the house again, before you submit your ofier. Your purpose wilI be to write down exactly what it is you are buying. Did you and the seller agree that major appliances would be included in the purchase price? If SQ, examine themn and write down a brief description of each, including the serial nu mber. What about the carpet- ing? Very often, the seller plans to leave it. Again, write a description of the color, size and pattern. You should also ask the seller about light fîxtures. They are flot always considered to be part of the house. You can't be sure the dining room chandelier will be there tbe day you move in, unless il is fully described in your offer to purchase. FoIlow the same proced- ure for everything you and the seller have agreed stays with the house -- drapes, garden furniture, lawn mower, built-in bookcases - write a detailed description for each. You should also make a note of any promises the seller made to you. Will any repairs be made before closing the deal? Will the bouse be professionally cleaned at the seller's cx pense? When you draw up your offer to purchase, include descriptions of the extras that corne with the bouse and vour notes on prornised repairs, etc. Have the seller sign an agreement of your terms, then bave your law- yer cbeck tbe offer before you sign it. The reason for getting al your terms on paper -- and signed - is that it gives you recourse in case the carpet- ing is gone, or the chandel- ier is not there when you move in. This is flot a reflection on the honesty of tbe seller - often movers rrasakenly pack items that were to be left. In such a case, if you have a signed agreement that the carpeting should be there, ail you have to do is contact the former owner or his lawyer. The matte! sbould be easily settled. Mr. Rumark i@ iwith Murray Rumark Stern & Cohen, Char-tered Accountants, :A EAGE i PAG 0ON TA RI0 LTDU - R EA LTO0R 601 DUNDAS ST. WEST, WHITBY, ONT. JOAN NA JEFFERIES 655-3896 Gord O'Riley, Manager of the WhltbY office of A.E. LePage (Ontario) Ltd., ls very pleased 10 welcome JOANNA JEF- FERlES to Its rapidly growing staff. Joanna is a long lime resîdent of the Whitby area and is weIl qualified 10 assist you ln ail areas of real estate ln a prof essional manner. NEIGHBORHOOD SUCCESSMSTOR HE LEN CO UTUR E Thîs story bas inany happy endings. It shows how the skllls and knowledge of one Neighborhood Professionai' sold more homes and made people happy doing so. This distinction couldn't have been won without the trusting relationship between the people of the nelghborhood and the Neighborhood Pofessionai who serves them. Congratulations to you ail. C iïü , WE'RE THE NEIBORIIOOO PROFESSK)NAIS GOtOJACKT RELTY TO.824 Brock St. N., Whitby Zach office la Independentiy owned and operated. 6686221