THE CHATHAM VOICE
THURSDAY, NOVEMBER 7,2019
PAGE 11
Looking for Bungalows! Residential, Commercial and Farm Mortgages!
PHILLIPS BARB PHILLIPS BARB PHILLIPS
tate Brokerage Real Estate Brokerage Real Estate Brokerage 519-359-8588
MS COME HOME WHERE DREAMS WHERE DREAMS COMECOME HOMEHOME
519-351-SAVE
Barb Phillips
9-8588 519-359-8588 519-359-8588 Broker of Record Barb Phillips a@mnsi.net Email: phillba@mnsi.net 519-359-8588 Email: phillba@mnsi.net Broker of Record
Barb Phillips Barb Phillips
74 Elizabeth 74 Elizabeth email: phillba@mnsi.net
Elizabeth Willcox St., Chatham ox St.,74 Chatham Street
Street Street
Great family home Great Great family family home home in lovely mature in lovely in lovely maturemature neighbourhood. neighbourhood. neighbourhood. Features eat-in Features Features eat-in eat-in kitchen, formal kitchen,kitchen, formalformal dining room, living dining room, dining room, living living $174,900 $174,900 $174,900 room w/natural room w/natural room w/natural pty, lovely 3 bedwoodwork, family home, open concept woodwork, family home, open concept 3 bed-3 bedwoodwork, ror, master 1 bathroom, with ensuite, main floor rooms, 1 bathroom, aster withrooms, ensuite, main floor 1 bathroom, Openrooms, House HouseHouse main floor , office, main floor1-3 laundry. Open Open ain floor office, lowerlaundry. level finished, main floor laundry. or lower level finished, Sat., July 8 from Sat.,8July from 1-3 Sat., July from8 1-3 Call Barbneighbours. for details! Callfor Barb for details! lot, no backyard Call Barb details! backyard neighbours. Thursday, November
THURSDAY, NOVEMBER 7, 2019 Peifer Realty Brokerage
This Week’s Open Houses
5-7pm . .Regency . Farm . . . . .272 . . . m 89 Dr.Moostone, 100-Acre 89 $345,000 Regency Farm 89 Regency Dr. Dr. lients 100-Acre
s g for yamily ows. act shillips y.
Our Family Taking Care of Your Family
Broker of Broker Recordof Record
barbphillipsrealestatebrokerage.com
7
519-360-0315 • penny@pennywilton.com
Elliot Wilton, Sales Rep.
519-358-8755 • elliot@royallepage.ca
5-7pm . . . . . . . .272 Moostone, $345,000 . . . . . . . . . . Carson Warrener, Royal LePage Peifer Realty
Saturday, November 9
519-676-5444
Penny Wilton, Broker
. . . . . . . Carson Warrener, Royal LePage Peifer Realty
Friday, November 8
NEW NEW 1-2:30pm . . PRICE! PRICE!
Independently Owned & Operated 42 Talbot St. W., Blenheim
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. . . .2 Gregory Dr . E ., $512,000 . . . . . . . . . George McDougall, Royal LePage Peifer Realty
1-3pm .farm . . Reduced .located . . . .272 Moostone, $345,000 Reduced . . . . . . . . . . Carson Warrener, Royal LePage Peifer Realty Reduced 100-acre 100-acre farm located
one: ed $48,900 $48,900 $48,900 -8588 in Raleigh ip. 88 in Raleigh Township. 1-3pm . .Township. . . .concept, . . .40livingGoldpark, $298,000 . . . . . . . . . . . Lisa Zimmer, Royal 2 bedroom mobile, open kitchen, ail: Call 2 room, bedroom mobile, open concept, livingkitchen, room, kitchen, or mobile, open concept, living room, CallPhillips Barb Phillips for 2 bedroom Barb for large shed. Wheelchair ramp. Present All Offers. large shed. Wheelchair ramp. Present All Offers. Wheelchair ramp. Present All Offers. mnsi.net y!et Sunday, November 10 all the details today! large shed.
LePage Peifer Realty
all the details today!
1-3pm . . . . . . . .272 Moostone, $345,000 . . . . . . . . . . Carson Warrener, Royal LePage Peifer Realty estatebrokerage.com barbphillipsrealestatebrokerage.com rbphillipsrealestatebrokerage.com
Tuesday, November 12
5-7pm . . . . . . . .272 Moostone, $345,000 . . . . . . . . . . Carson Warrener, Royal LePage Peifer Realty
Wednesday, November 13
5-7pm . . . . . . . .272 Moostone, $345,000 . . . . . . . . . . Carson Warrener, Royal LePage Peifer Realty
24 Nichols Dr., Blenheim
Spacious 3 BR, 2 bath thoroughly updated 3 level home. Attached garage. Massive fenced yard with above ground pool. Prime location! $359,900.
37 Hidden Valley Dr., Blenheim
3+1, 2 bath home with an awesome layout in a great location. Large living room with vaulted ceiling, kitchen with patio door to deck, massive family room & attached garage. $329,900.
19702 Four Rod Road, Dealtown 3 bedroom brick bungalow with attached garage. Full, partially finished basement. Huge fenced yard. Many updates. $259,900.
Your Dream Home awaits you . . . 17396 Lakeshore Rd., Rondeau
3 BR cottage with awesome sunroom overlooking the beach & lake. Huge central living room with fireplace. Detached double garage. $235,000.
Published within The Voice paper every Thursday! Call today for advertising rates! 519-397-2020 sarah@chathamvoice.com • jeanine@chathamvoice.com
Real Estate FAQ’s Q: Are market value and an appraisal the same thing? A: The short answer is no. Although these values can sometimes be the same, they can also be vastly different. The value the buyer applies to the property can differ from the value a seller or lender places on it. The seller, buyer and lender have to find an agreeable value in order for the transaction to proceed. This can be accomplished when the market value and appraised value are close to each
Attention Realtors! Why Advertise in Voice Homes?
other. Market Value This is the amount that potential buyers would be willing to spend on the property. A seller can establish a list price, but that might not be what buyers are willing to pay. In a competitive market, buyers may feel it’s worth more, and in a weaker market where supply is plentiful they may feel it’s worth less. Appraised Value When a buyer goes to a lender for financing on a property, the lender
8511 Water St., Cedar Springs
5 BR, 2.5 bath rancher on 2.9 acres. Fully finished basement with family & games room. Beautiful landscaping & double attached garage. $799,900.
8842 Talbot Trail, Blenheim
Beautiful 3 BR, 3 bath ranch with walk out basement. Great main floor layout with large kitchen, full unfinished basement & double detached garage. $535,000.
53 Joseph St., Chatham Classic 3 BR 2 storey bursting with character. Bright main floor with tall ceilings, large bedrooms, and updated bath. $269,900.
17196 Lakeshore Rd., Rondeau Park
2 BR lakefront cottage with open concept kitchen & living room. Enclosed porch addition & lots of cabinetry. $124,900.
115 Prince St., Highgate 1 BR bungalow with workshop. Nicely updated with spacious kitchen, large foyer & steel roof. Call Now! $149,900.
Call your LOCAL REALTOR® today! Sponsored by takes several factors into consideration when determining a value and may hire an appraiser. The info collected could include type of neighbourhood, recent sales on similar properties, and viewing the property for an inspection of fixtures, finishes and conditions. Through a combination of factors and information, they determine the appraised value. This is the value on which the lender will determine whether to proceed with financing of the buyer through credit worthiness.
Market Value vs. Appraised Value The market value of a property is the amount a buyer is willing to pay, not the value placed on the property by the seller. For example, a seller might list a property for $170,000, but if buyers are only willing to pay $155,000, then the market value is $155,000. Conversely, if property listed at $250,000 has several buyers interested, the market value can meet or exceed the listed price. Appraised value is the value the interested buyer’s bank or mortgage company
places on the property. What if they’re very different? A large gap between the appraised value and the asking price can be a problem for the buyer. If the lender thinks the appraised value of the property is not enough to cover the requested mortgage, the lender could require a larger down payment, which can be problematic for a buyer because it could require additional funds. It’s ideal when the appraised value is equal to or higher than the market value.
• Reach 19,300 homes a week • Full colour at no extra charge • Convenient pull-out section • Digital Edition Online at No Extra Charge The Chatham Voice, a locally owned community newspaper that people actually read! To advertise in Voice Homes, call 519-397-2020 and ask to speak to a sales representative today!