Exit Realty - Your Comprehensive Guide to Buying or Selling a Home

Real Estate Buyer’s & Seller’s Guide

Contents 2 2 3 4

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4 5 6 6 7 8 9 9 10 10 11 12 14 15 16 17 18 19 20 21 22 23 24 25 25

Your REALTOR® Understanding Market Conditions Selecting Your Future Home...

Accommodations... What Type Of House?

What Size House Is Best For You? The Cost of Living...

How Much Can You Afford Each Month?

Land Transfer Tax The Down Payment The Home Buyer’s Plan HST Quick Guide Your Contract... Think Before You Sign Choosing The Right Mortgage For You Amortization Table Mortgage Documents Home Improvement Tips Closing The Sale Why Successful Agents Choose EXIT REALTY Sell Your Home The EXIT Way EXIT Realty Corp. International Charity Pledge Selling Your Home Choosing A Lawyer Cost On Closing What Is A Home Inspection?

Four Reasons To Get Your Home Pre-Inspected Say Goodbye To Your Mortgage Faster!

Insuring Your Biggest Investment Your Home Make Your Home More Energy Efficient Purchasing A Property With A Septic System Moving Day / Remember To Notify...

Moving In... How Much Is It Going To Cost?

Professional Services

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is working for. For example, both the seller and the buyer may have their own agent which means they each have a REALTOR® who is representing them. Or, some buyers choose to contact the seller’s agent directly. Under this arrangement the REALTOR® is representing the seller, and must do what is best for the seller, but may provide many valuable customer services to the buyer.

® Your REALTOR Your REALTOR®

REALTORS® are governed by the legal concept of “agency.” An agent is legally obligated to look after the best interests of the person he or she represents. The agent must be loyal to that person.

A real estate brokerage may be your agent – if you have clearly established an agency relationship with that REALTOR® with a representation agreement. But often, you may assume such an obligation exists when it does not.

REALTORS® believe it is important that the people they work with understand when an agency relationship exists and when it does not – and understand what it means.

Who's Working For You? Who's Working For You? It is important that you understand who the REALTOR®

A REALTOR® working with a buyer may even be a “sub-agent” of the seller. Under sub-agency, both the listing brokerage and the co-operating brokerage must do what is best for the seller even though the sub-agent may provide many valuable customer services to the Buyer. If the brokerage represents both the seller and the buyer, this is dual representation.

Code Of Ethics Code Of Ethics REALTORS® believe it is important that the people they work with understand their agency relationship. That’s why requirements and obligations for representation and customer service are included in a Code of Ethics which is administered by the Real Estate Council of Ontario.

The Code requires REALTORS® to disclose in writing the nature of the services they are providing, and encourages REALTORS® to obtain written acknowledgement of that disclosure. The Code also requires REALTORS® to submit written representation and customer service agreements to buyers and sellers.

Understanding Market Conditions Understanding Market Conditions The real estate market is in constant flux, not only as a whole but in particular areas as well.

The real estate is in flux, only asestate a whole but in will particular areas as well.

Knowing what ismarket going on in constant the overall andnot local real markets help you understand Knowing is goingcan on effect in the the overall and local real of estate will help understand how thesewhat conditions purchase or sale your markets home. When you you meet with your how these conditions can effect the purchase or sale of your home.

When you meet with your sales representative, ask about the current state of the market. sales representative, ask about the current state of the market.

Buyer’s Market Buyer’s Market Characteristics:

Seller’s Market Seller’s Market Characteristics:

homes. Few buyers compared to availability. Homes usually stay on the market longer. Prices are stable or perhaps dropping.

inventory of homes with many buyers.

Homes sell quickly. Prices usually increase.

Characteristics: High inventory of

Implications: Implications: Buyers spend more time

looking for a home, and when they negotiate, they usually have more leverage.

2 | Buyer’s & Seller’s Guide 2 | Buyer’s & Seller’s Guide

Characteristics: There is a small

Implications: Implications: Prices may be higher or

perhaps climbing. Buying decisions must be made quickly. Conditional offers may be rejected.

Balanced Market Balanced Market

The number of homes on the market is roughly equal to the demand.

Characteristics: Characteristics: Demand equals supply.

Sellers accept reasonable offers.

Homes sell within a reasonable time period.

Prices generally remain stable.

Implications: Implications: There is less tension among buyers and sellers. There is a reasonable number of homes to choose from.

Selecting Your Future Home...

Accommodations...

What Type Of House?

Today's housing market offers many types of accommodations and finding the one that best suits your needs can be a challenge. The names given to different housing types can vary from region to region, but listed here are the most common types available for a quick reference.

• Single family detached house: A freestanding dwelling of one or more storeys designed to accommodate one family.

• Semi-detached house: One of two single-family houses joined and separated by a common wall.

• Duplex: Two dwelling units, one above the other.

The owner may choose to live in one unit and rent the other as a source of investment income.

• Row or town house: One of several single-family dwellings joined together by common walls.

What Size House Is Best For You?

Is life in your present home too close for comfort? Do you have to take a number every morning outside of your own bathroom? Would a family room or a playroom be useful, or could your kitchen be redesigned to be more efficient?

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Most homeowners can answer yes to at least one of these questions. It's all a matter of space and how it's used. It's also a matter you need to think about carefully when choosing your next home.

For instance: How many rooms will you need for the house to be liveable? Is a single bathroom enough or would it be more convenient to have a second one? It's okay to have two small children in one room now, but how will it be in a few years?

It's not just the space inside the home. You should also remember any special needs that you may have, such as a large yard, or if you plan on buying a truck or trailer, will zoning regulations in the area permit you to park it near your home?

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The Cost Of Living...

How Much Can You Afford Each Month?

Without question the most important consideration when thinking about making a change in where you live is considering how much it will cost and how much you can realistically afford.

You can start by drawing up a budget specific to your needs and assets. No two families live the same way and no two people budget the same way either. Two families with identical incomes will not necessarily spend the same amount of money or choose the same accommodations. Priorities as well as individual needs differ and you need to examine how much more you would be willing and able to pay for something new.

It's important that you are honest with yourself. If you want something more expensive, it may put a strain on your budget and you may have to change your lifestyle to accommodate the extra. An average family should not spend more than 25% to 30% of its gross income on housing.

Land Transfer Tax Land transfer tax is assessed on real property when a deed is registered transferring ownership of the property from one party to another. The tax uses a sliding scale of percentages based on property value.

Calculation Currently, the land transfer tax in Ontario is as follows: 0.5% on the first $55,000 1.0% on the portion between $55,000-$250,000 1.5% on balance over $250,000

Example: Land Transfer Tax Calculation A single-family home is purchased for $450,000. The following calculation applies: $0-$55,000 .005 x $55,000 = 275 $55,000 - $250,000 .01 x $195,000 = 1,950 $250,000 - $400,000 .015 x $150,000 = 2,250 $400,000 plus (.015+.005) x $50,000 = 1,000

Land Transfer Tax Payable - $5,475 4 | Buyer’s & Seller’s Guide

For a home that carries a mortgage, this figure should include payments of principal, interest and property taxes. For rental housing this figure should fully cover your rent. And there are other expenses such as water, heating, electricity and insurance costs. Utilities and insurance usually cost 5% to 10% of a gross income.

The following form will help you to calculate the maximum amount you should be spending on accommodations each month. Once you have calculated how much you can afford to pay each month, you can start looking for the home that both suits your needs and that will also be affordable.

The Down Payment The down payment on a home is the amount of your own money that you put into the purchase of the home.

This, together with the mortgage, equal the full purchase price. The minimum down payment in Canada is 5%, with the typical down payment ranging from 5%-20% of the home price. A bigger down payment means less interest paid, easier refinancing, lower mortgage insurance fees, and a bigger equity buffer if home prices slide.

Mortgage default insurance, commonly referred to as CMHC insurance, is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance protects the lender in the case the borrower defaults on the mortgage. At a 20% down payment mortgage default insurance is no longer required and is referred to as a conventional mortgage.

The amount you put down at the beginning of your mortgage shapes three important outputs over the life of the mortgage:

1. The home price you can afford. Because the minimum down payment is 5%, this benchmark is used to determine your maximum affordability.

Ignoring your income and debt levels, your maximum mortgage would be [down payment $ / 5%]. For example, if you have saved $30,000 for your down payment, the maximum mortgage you could afford would be $30,000 / 5% = $600,000.

2. The size of your mortgage and monthly payment. A larger down payment reduces the size of your mortgage, and, therefore, the monthly payment and interest you will pay over the life of your mortgage.

3. The amount of CMHC insurance you pay.

CMHC insurance is a function of the amount of your down payment. Your CMHC insurance premium, calculated as a percent of your mortgage amount, gets smaller as you increase your down payment.

SAVING MONEY with a Larger Down Payment It’s to your advantage to put down as much money as you can because interest costs for a smaller mortgage are lower; adding up to significant savings over the long run.

The table below shows how an average homeowner can save more than $25,000 in interest costs on a $100,000 home by making a down payment of 25% versus the minimum down payment of 5%, assuming a constant interest rate of 8% over a 25 year amortization period.

No matter the size of your down payment, be sure to reserve some funds to cover your home inspection, closing costs, moving and other potential expenses.

Assume a $100,000 mortgage with an amortization period of 25 years and a constant interest rate of 8% .

Down Payment % 5% 10% 25%

Down Payment Amount $5,000 $10,000 $25,000

Mortgage Principal $95,000 $90,000 $75,000

Total Interest Paid $122,512 $116,063 $96,717 Buyer’s & Seller’s Guide | 5

The Home Buyer’s Plan

The Home Buyers’ Plan (HBP) is a program established by the federal government that allows you and/or your spouse to make withdrawals of as much as $25,000.00 each from your RRSP’s to buy (or build) a first home. The withdrawn funds are not included as income for the year and are, therefore,

Who Is Eligible?

• You must be a first-time home buyer • You must withdraw no more than $25,000.00 • You must have a written agreement to buy ((or build) a home • You must occupy t ccupy he home no later than one year ccupy t after buying (or building) it • You must receive all withdrawals in the same year • You must be a resident of Canada

Quick Numbers • All withdrawals must be repaid within 15 years

• You You must restart repayment in s in second econd year ffollowing the year in which you made your withdrawal • When repaying, make your contribution in the year the payment is due or in the first 60 days of the next year

not taxed as such. You are required, however, to replenish the funds withdrawn back into your RRSP over a period of time. If you have limited savings but eligible RRSP’s and are anxious to get into your first home, the HBP may be the solution you’ve been looking for.

Contact the Canada Revenue Agency for details:

www.cra-arc.gc.ca/hbp

HST Quick Guide When is HST payable?

• Purchase Of Newly Constructed Home.

• On A Substantially Renovated Property.

• Home Inspections/Surveys • Title Insurance • Home Renovations • Real Estate Commissions • Legal Fees

What is not subject to HST? • Used Residential Home • Residential Condo Maintenance Fees • CMHC Insurance Amount (although PST is applied at 8%) • Mortgage Broker Fees For additional information, you should contact your local Revenue Canada Tax Services Office and your accountant.

6 | Buyer’s & Seller’s Guide

Your Contract... Think Before You Sign

Building or buying a new home will probably be the largest financial commitment you will make. Think before you sign on the dotted line. Your family’s future depends on it.

Your contract is a legal document designed to protect both parties involved, the buyer and the seller. Make sure you know exactly what getting a home involves, get it in writing and examine the contract carefully.

Exactness Counts Contracts received from most builders follow a standard form. It basically outlines the rights of both the seller and the buyer, the price you have agreed on and exactly what is included in the purchase.

Spoken promises are not contracts. What may be said by a sales representative or builder is not legally binding. A contract is. If you have asked for a design modification or alteration make sure you get it in writing before building begins. If you have agreed on changes or additions make sure it is clearly stated and appears in your Agreement of Purchase and Sale.

Examine all documents carefully. Typographical errors or handwritten additions become legal once the paper has been signed. So take the time to read all documents carefully and double check references and floor plans.

Once you are satisfied with what appears in writing, have your lawyer examine it again before you sign.

Your Lawyer’s Role If you do not have a lawyer before you build or purchase a home, choose one who has experience in real estate.

The Law Society of Ontario can help you choose a lawyer, should you need assistance.

Don’t assume that you can make the purchase without the help of a qualified lawyer. The cost of legal services is a small investment compared to the peace of mind you will have knowing that what you have purchased is what you want and that it is legally yours, and, if you are not satisfied that what you receive is what you agreed upon, you will have legal recourse. Your lawyer will make sure that all legal matters are correct and binding for your own protection.

Read! Then Buy. Read all documents and paperwork carefully. Read the preprinted standard clauses as well as any additions or changes. Know exactly what the builder is to supply and install and have it put in writing for your own protection. Make sure the purchase price is clearly stated and agreed upon.

It should be spelled out clearly and concisely in the schedule you will find attached to your Agreement of Purchase and Sale.

If you are buying your home from a model, make sure you are aware of exactly what features you will be getting.

The model may have been decorated with special features and additions that do not come as features of the standard model. Put into writing exactly what you want in your home and exactly what is included in the purchase price. Then reread everything again and don’t sign until you and your lawyer are satisfied that what appears in print is what you will receive.

TIPS THAT’LL PERSUADE BUYERS TO BITE TheHOME-SHOWING ProPerTy resToraTion sPecialisTs

After all, you want your home and your open house to make a great first impression on buyers— and•that’s where we can help. To•host an open house and show•your home in the best possible light, Fire Flood damage odour control it’s worth listening to these savvy•seller tips and step-by-step advice.

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Choosing The Right Mortgage For You Finding the right mortgage for you is one of the most important steps towards years of comfort, happiness and peace of mind in your home. There are many different types of mortgages offered by lenders in Canada.

An “Open Mor tgage” allows the flexibility of prepayment. You can pay part or all of the balance owing without any type of interest penalty.

A “Closed Mortgage” keeps payments unchanged for the duration of the loan period. It provides payment stability but penalizes a mortgagor who wishes to terminate the mortgage earlier. Each institution will have their own repayment options and policies. Most offer some type of extra pre-payment option that allows you to make extra principal payments to pay off your mortgage faster.

A “Variable Rate Mortgage” changes based on the banks prime rate and therefore fluctuates with the market changes. It offers the advantage of lower rates if mortgage rates decline. On the other hand, it exposes the mortgagor to the risk that monthly payments will go up if mortgage rates rise.

A “Fixed Rate Mortgage” keeps the mortgage rate the same throughout the life of the mortgage even if rates rise. If rates go down, a fixed rate mortgage may prove to be more expensive than a variable rate one. The terms available range from six months to ten years.

A “Conventional Mortgage” is a loan up to 80% of the appraised value or purchase price of the property, whichever is less. The remaining amount comes from the borrower’s own resources and is known as the Down Payment. Mortgages that exceed this limit by law must be insured against default, and are referred to as “High Ratio Mortgages”.

A “High Ratio Mortgage” is used for loans that exceed conventional mortgage lending guidelines. These mortgages are granted under the National Housing Act (NHA) and must, by law, be insured against default through Canada Mortgage and Housing Corporation (CMHC) or Genworth Financial Canada (GENWORTH).

The borrower will have to pay the insurance premium, which can range depending on the total mortgage amount. Typically, the insurance premium is added to

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Closing The Sale

BUYING A HOME?

Helpful Advice: the basic The closing is a timeGet of packing and knowledge organization. Be you you need home, sure do before not packbuying anythinga that you plus agree to sell! useful advice to guide you throughout the Unless you specifically mentioned certain fixtures, everything process. must Find remain. it all here.

Home on the Internet: Visit You are listings responsible for handing over the home in REALTOR.ca to view the latest home the same condition it was at the time of closing. This listings whatever or deviceIf the applies to on everything that computer was in the agreement. home suffers a major disaster, you are responsible for you’re using. telling the buyer, at which point the buyer may walk Home listings app for your phone: Add our away from the deal or have the deposit returned.

The buyer may choose to close and phone receive any insurance REALTOR.ca app to your to give you proceeds.

In this unfortunate event, remember convenient access to all the latest home not to make any repairs until you find out what the buyer listings. wants to do.

Tips Home Improvement It simply makes sense to clean up both the interior and exterior of your home before listing it for sale.

But that doesn’t mean you have to undertake major home renovation projects in order to sell your home.

With a little effort you can increase the perceived value of your home by a great margin.

FindClosing a REALTOR®: Benefit from the both the The Once signing the agreement, expertise of aare professional can find seller and buyer under a legalwho obligation to close. perfect home.

Find a reason, REALTOR® Ifyou youthe decided not to for whatever the buyer has the right to sue. in your area.

Here are some simple things to keep in mind that you can do to increase the perceived value of your home and make the perfect first impression.

If the buyer decides to walk away from the deal, you can claim the buyer’s deposit or sue for damages.

Keep lawn cut / Trim hedges and bushes / Weed & edge gardens Clear driveway & clean stains / Clean out garage / Touch up paint Power wash home exterior / Plant colourful flowers

SELLING YOUR HOME?

ALL SEASONS

Helpful Advice: Get the basic knowledge you need before selling your home, plus useful advice to guide you throughout the process.

PROPERTY CARE Home listings on the Internet: Find out at

Lawn Care Snowplowing

what price3comparable houses in your area are listed. Visit REALTOR.ca to view the 3 listings on whatever computer latest home or device you’re using.

Home listings app for your phone: Add our REALTOR.ca app to your phone to give you convenient access to all the latest home listings.

613-921-3918

Find a REALTOR®: Benefit from the expertise of a professional with an intimate knowledge of your local housing market.

Carm Foti Find a REALTOR® in your area. leafsfan_20@outlook.com 90 Avondale Road, Belleville, ON K8P 4G3 10 | Buyer’s & Seller’s Guide

Exterior of Home

At the Front Door Clean porch & foyer / Ensure doorbell works / Repair broken screens Fresh paint or varnish front door / Repair any damages to door or locks

Setting the Mood Make sure your home smells fresh & clean / Turn on lights Turn on air conditioner - heater / Open the drapes / Light the fireplace

Squeaky Clean Clean and freshen bathrooms / Clean fridge & stove Clean around heating vents / Clean washer & dryer Clean carpets, drapes & window blinds / Eliminate pet odours & stains

Max Open Spaces Clear halls and stairs of clutter / Clear kitchen counter and stove top Clear closets of unnecessary items / Remove empty boxes and storage Put away personal photos so buyers can envision the house as their own

Maintenance Repair leaking taps and toilets / Clean furnace and filters Tighten door knobs and latches / Repair cracked plaster Apply fresh coat of paint or touch up if necessary / Clean & repair windows Repair seals around tubs and basins / Replace defective light bulbs Oil squeaking doors / Repair squeaking floor boards

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PRIORITY! KNOW THEY ARE MY TOP PRIORITY! PRIORITY! info@exitrealtygroup.ca info@exitrealtygroup.ca www.exitrealtygroup.ca Buyer’s & Seller’s Guide | 11 info@exitrealtygroup.ca www.exitrealtygroup.ca

EXIT REALTY GROUP Brokerage, Independently Owned & Operated

EXIT REALTY GROUP Brokerage, Independently Owned & Operated

Making a lasting first iMpression.

sell the Whole house.

Making a lasting first iMpression.

sell the Whole house.

Don't hesitate to DeCorate.

buyers love big Closets.

Don't hesitate to DeCorate.

buyers love big Closets.

let the sun shine in. let the sun shine in.

Call the pluMber.

Call the pluMber. the Devil's in the Details. the Devil's in the Details. safety sells. safety sells.

12 | Buyer’s & Seller’s Guide 12 | Buyer’s & Seller’s Guide

bathrooMs are big sellers. bathrooMs are big sellers.

Wake up your beDrooMs. Wake up your beDrooMs.

In Two Locations Across The Quinte Area!

In Two Locations Across The Quinte Area!

In Two Locations Across The Quinte Area!

In InTwo TwoQuinte Locations Locations Across Across The The Quinte Quinte Area!

Area!

QuinteMall MallOffice OfficeTower Tower TrentonOffice Office Trenton Quinte Mall Office Tower 100Bell Bell Boulevard, Suite 200 100 Boulevard, Suite 200 Quinte Quinte Mall MallOffice Office Tower Tower 100 Bell Boulevard, Suite 200 Belleville, K8P4Y7 4Y7 Belleville, ONON K8P 100 100Bell Bell Boulevard, Boulevard, Suite Suite 200 200 Belleville, ON K8P 4Y7 OFFICE:613-966-9400 613-966-9400 OFFICE: Belleville, Belleville, ON ONK8P K8P4Y7 4Y7 OFFICE: 613-966-9400 OFFICE: OFFICE:613-966-9400 613-966-9400

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night, turn on all your lights - inside and out. Don’t forget the accent and picture lights.

your home, send the kids to the neighbours and take a long walk.

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your home on a moment’s notice. so, make your beds and tidy up each morning, just in case.

EXIT REALTY GROUP Brokerage, Independently Owned & Operated

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the appearance of your house. let your agent field any negative comments.

Buyer’s Seller’s Guide | 13 Buyer’s && Seller’s Guide | 13 Buyer’s & Seller’s Guide | 13 Buyer’s Buyer’s && Seller’s Seller’s Guide Guide | 13 | 13

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C H A R I T Y

A portion of every transaction fee received by EXIT Realty Corp. International is applied to its charitable fund. Through the Spirit of EXIT Dollar-for-Dollar Matching Program, EXIT offices and members can raise money for local, approved, registered charities and apply to EXIT’s head office to have those funds matched from the company’s pledged pool of funds.

T O

C H A R I T Y

To date, EXIT Realty Corp. International has pledged more than $5,500,000 to charity. We have sponsored 20 Habitat for Humanity home builds in Canada and the U.S., and participated in a community revitalization project and the Jimmy & Rosalynn Carter Work Project. In addition, we have pledged hundreds of thousands of dollars to benefit those hardest hit by Hurricane Irma and tropical storm, Harvey.

Find out more Corp. at www.exitrealty.com/spirit. every transaction fee received

by EXIT Realty International is applied to its charitable fund.

n of Throu EXIT Dollar-for-Dollar Matching Program, EXIT offices and members can raise money for local, approved, reg and apply to EXIT’s head office to have those funds matched from the company’s pledged pool of funds.

EXIT Realty Corp.

International has pledged more than $5,500,000 to charity.

We have 20 Hab Many of our members work tirelessly to raise funds for charity in sponsored their y home builds incommunities.

Canada and the and participated in a community revitalization WeU.S., believe that by matching the funds they raise,project we and the Ji n Carter Work Project.

In addition, we have pledged hundreds of thousands of dollars to benefit can have an even greater impact than ever before. The Spirit of EXIT those hardes e Irma and tropical storm, Harvey. Find out more at www.exitrealty.com/spirit.

Dollar-for-Dollar Matching Program allows EXIT to touch more lives.”

— Tami Bonnell, CEO, EXIT Realty Corp. International

Many of our members work tirelessly to raise funds for charity in their communities. We believe that by matching the funds they raise, we can have an even greater impact than ever before. The Spirit of EXIT Dollar-for-Dollar Matching Program allows EXIT to touch more lives.”

— Tami Bonnell, CEO, EXIT Realty Corp. International

www.exitrealty.com/spirit

Selling SellingYour YourHome Home Your Your EXIT EXIT Sales Sales Representative Representative Will Will Work Work With With You! You!

There are a million different reasons why people sell their homes, but every seller has one thing in common: the desire to get as much money as possible from their existing residence as quickly and as hassle-free as possible. (If your home is your principal residence, you won’t have to pay capital gains tax on any profits from the sale. If, on the other hand, it is an investment property, prepare for the tax!)

Before you begin the selling process, really evaluate why you’re moving. Do you have too few rooms, or too many? Has your job moved to another city and you’re relocating? Are the neighbours driving you away? Or are you simply looking for a change? A complete analysis of your current position will set a good foundation for your next home hunt.

BuyBuy or Sell or Sell First?

First?

That’s tricky. After all, if you find a purchaser for your existing home, before you’ve found a new one, you may find yourself living out of a suitcase if convenient closing dates cannot be negotiated. On the other hand, if you find your dream home before you’ve unloaded your old one, you may be faced with carrying two mortgages for a time.

So how do you manage? Easy. Do your homework and have a good idea about the neighbourhood and type of home you’re looking for. Do an honest evaluation of your family’s needs and budget. Speak to your EXIT sales representative and start your new home search as soon as your existing home hits the market.

If you’ve found a home, before you’ve sold your existing one, use “sale of your existing home” as a condition on your offer.

If you don’t sell your home within a fixed period of time, you

can choose not to go through with the offer. This, however, is a difficult condition for many vendors to agree upon and you may find that you have to forgo your price negotiating power.

Purchasing a home before you sell could be a risky strategy if you’re counting on the proceeds from the sale. If you’ve found a purchaser before you’ve found your next home, use “purchase a new home” as a condition when you sign back the agreement. Again, it will only be for a fixed time. Even if you have not found the ideal next house by the time the deal closes, you may still wish to proceed with the offer. As a buyer with a “sold house” you will be in a better position to negotiate price.

Make Make Your Your House House More More Sellable Sellable While we all believe that our home is our castle, our personal tastes may not appeal to everyone. Your EXIT sales representative will work with you to give you an impartial analysis of your home, how it relates to other “competing” homes on the market and how your home reflects current design and style trends. Your sales representative will also take a good look at the general condition and upkeep of your dwelling.

Overall, your EXIT sales representative will work with you to position your home on the market so that your sales experience will take place as expeditiously as possible.

DO-IT DO-ITYOURSELF! YOURSELF! • •

• •

• •

• EXIT REALTY •GROUP

www.abprecast.ca www.abprecast.ca

Brokerage, Independently Owned & Operated

•• •• ••

A&B A&BPrecast Precast

Manufacturing Manufacturing Limited Limited 1 mile 1 mile N. ofN.401 of 401 on Hwy. on Hwy. 62 62

Buyer’s Buyer’s & Seller’s & Seller’s Guide Guide | 15 | 15

Choosing A Lawyer As with every other aspect of your home purchase, you will require the services of a professional to handle the legal aspects of your purchase and mortgage financing.

The lawyer will act on behalf of both you and your mortgage lender to “close” the real estate and mortgage transactions. Look for an experienced solicitor who practices primarily in the real estate field, as he or she will be knowledgeable about title, boundary definition, planning by-laws and subdivision regulation. Such a lawyer can spot issues and protect your interests, including anything that is important to you which you may wish to remain private and confidential and which

need not be shared with the other parties to the real estate transaction.

The lawyer will search the title, order the survey and tax information, look for liens, advise you on any restrictions which would affect your enjoyment of the property and generally oversee most aspects of your purchase, including advising you of what further investigations ought to be made by other professionals before you close the transaction. Most such lawyers live and work in the community and are aware of the local business situation and can be of great help, offering much saved aggravation and expense when you are moving into a community.

Real Estate | Family Law | Civil Litigation | Estates | Wills | Notaries

KARINDA DOCKRILL • PETER J. ROBERTSON • MATTHEW WARD LAUREN HAWN • LAURA HOHENSEE • CORY DEYARMOND 4 Dundas Street West, Napanee

191 North Front Street, Belleville

257 Dundas Street East, Trenton

613-308-9500

613-966-7771

613-394-3315

16 | Buyer’s & Seller’s Guide

Home Inspection:

Cost On On Closing Closing Cost No one wants surprises on closing so it is advisable to be educated and budget ahead for closing. At closing, Cost On Closing the buyer will have to pay the seller the basic purchase price - but on top of that there are many other costs incurred in a real estate transaction. Although discussed in greater detail elsewhere in this guide, here is a quick overview of expenses you should budget for:

Adjustments: Adjustments: If you are buying a home in February,

and the seller has paid their property taxes until June, they will want reimbursement for that time. Your lawyer Adjustments: will calculate this amount exactly. If you’re buying a property with an oil tank, the seller is to have filled the tank before closing, you will be billed for this amount.

These are the most common adjustments payable on closing.

CMHC and other mortgage fees: CMHC and other mortgage fees: These will often

be included in the amount you borrow. Your mortgage broker or bank representative will advise you of this.

CMHC and other mortgage fees: Commission: Commission: Although rare, there are some scenarios where the buyer will be responsible for real estate commissions. We will advise you before writing an offer Commission: if this will be an issue.

Deposit: Deposit: Payable when an offer is accepted and

credited towards your purchase price on closing day.

Down Payment: Down Payment: A minimum 5% is required.

Deposit: Home Inspection: Home Inspection: Recommended before finalizing offer toPayment: purchase because it may reveal areas where Down

repairs are required. The inspection may range between

Home Inspection: $400-$600 $300-$500 depending on the inspector and the property.

Moving Costs: Moving Costs:

Moving Costs: Tax: This will depend on whether you rent Land Transfer Tax: the time of year you are moving aLand truckTransfer or hire movers, and also how much stuff you have!

Land LegalTransfer Fees: Tax: This amount varies depending on Legal Fees: the purchase price. If you are a first time home buyer, you can receive a rebate of up to $4000 of this tax.

Legal Fees: Real estate lawyers have many hard costs when they process a purchase. This includes searching title, transferring the deed, title insurance and more.

The lawyer’s fee varies from firm to firm. Legal fees vary widely, and the total cost depends on the extent of services provided.

You will also be responsible for Property/Fire Insurance: Property/Fire(any Insurance: costs related to handling your file, disbursements such as long distance calls and travel).

www.paulsmit

Property/Fire Insurance: Proof of insurance is Status Certificate: Status Certificate: required by your closing date and it must at least cover replacement value of home and contents.

Status Tarion: Certificate: If you’re buying a condo, you’ll Tarion: $100-$200 need $100-$125 for a status certificate outlining the rules of the condo and its financial standing.

Tarion: Water/Septic/Fireplace: If you’re purchasing a Water/Septic/Fireplace: property with a well, septic system, or fireplace, you may need to pay a professional to take a look before you waive your conditions. In most cases, we ask the Water/Septic/Fireplace: seller to pay for pumping the septic system and ensuring the code compliance of any fireplaces or wood stoves, but as the buyer you should plan on paying about $225 - $300 for an hour-long pump test of the well and more for the additional chemical analysis (Ministry of Health Water Testing is a free service).

Paul M.G. Smith, Q.C. Professional Corporation

Moving Costs:

Real Estate Law • Trusts & Estates Law Wills, Powers of Attorney, and Notary Public Services Corporate - Commercial Law Personal Injury Law

32 Pellissier Street South, Box 1057 Campbellford, Ontario K0L 1L0

Byron Basiga, B.Sc. J.D. Barrister & Solicitor

E-Mail: info@paulsmithqc.com Phone: 705-653-1860 Fax: 705-653-4903

www.paulsmithqc.com www.paulsmithqc.com

Buyer’s & Seller’s Guide | 17 & Seller’s Guide | 17 www.paulsmithqc.comBuyer’s

Askthe theright rightquestions. questions.

Ask

You will need to do some research to find a reliable, experienced and knowledgeable home inspector that you feel comfortable with. Talk to friends or others you know who have used a home inspector. Ask if they were satisfied. Did the home inspector identify problems with the house? Sometimes your Realtor® can also recommend a list of home inspectors.

Here are some question to ask a potential home inspector before you hire them:

Buying a home is an emotional experience. The house and the neighbourhood have to feel right. In the excitement, it’s easy to overlook major deficiencies in the home. A home inspector will inspect the structure and the major systems of the house and give you a professional opinion of its condition.

WhyUse UseAARegistered RegisteredHome HomeInspector?

Inspector?

Why

Most people don’t have the experience to evaluate the structure and systems that make up a home. That’s why prospective buyers hire a professional home inspector. Many people have knowledge about some house systems, but few have the broad knowledge, experience and diagnostic skills of a professional home inspector. Even if you are knowledgeable about all aspects of houses, it is probably best to have someone else do the inspection for you. A professional home inspector will not be emotionally attached to the home.

HomeInspection InspectionIncludes IncludesThe TheFollowing: Following: AAHome • • • •

Structure • Insulation • Plumbing System Heating System • Air Conditioning or Heat Pump System Exterior • Interior • Electrical System Basements • Roofing, Flashings & Chimneys

WhatDoes DoesNot NotGet GetInspected?

Inspected?

What

• A home inspection is designed to give you the “big picture” and help you make a buying decision. As a result, the home inspector will not be looking at minor details like torn wallpaper or scratches in floors.

• A standard home inspection generally does not include appliances.

• Low voltage systems such as telephone wiring, cable television, alarm systems etc. are generally not inspected.

••

••

Ministry of Housing Certified • Hydromies & Defect Recognition Training Full Insured • Carson Dunlop Educated & Certified

COFIELD

HOME

INSPECTION

••NCH ‫ ׀‬Cell: 613-847-4753 ‫ ׀‬gkcofield@sympatico.ca Karen Cofield NHI, RHI, www.mwater.ca 1-800-200-0865 613-386-0550 www.mwater.ca 1-800-200-0865 613-386-0550 18 | Buyer’s & Seller’s Guide 18 | Buyer’s & Seller’s Guide

OR PECT CERTIF IC NS EI

NHICC

COUNCIL ION AT

YOUR BEST PROTECTION IS A COMPLETE COFIELD HOME INSPECTION

NATIONAL HO M

WhatIs IsAAHome Home What Inspection?

Inspection?

• May I see a copy of the inspection report you use?

• Do you have experience inspecting the type of home that I’m considering?

• Do you have insurance?

• May I see accreditation that shows what kind of training and experience you have?

• Can you provide references?

Wood Energy Technical Training

Four Reasons To Get Your Home Pre-Inspected If you are putting your home on the market, lots of things can be against you: picky buyers, a lot of inventory, appraisals coming up short because of the excess of short sales and foreclosures in your market... you name it. It can be a rough time to be a seller. Good pricing is key, good targeted marketing is key, and of course, the condition of your property is paramount. One overlooked opportunity though, is the pre-inspection. Sellers are now being encouraged to get a pre-inspection done before the property goes on the market. A preinspection is just like the one buyers do after they put a home under contract, only it's done by the sellers, paid for by the sellers, and the sellers get the results of the inspection.

Here are four reasons why it's a great idea for sellers to have a pre-inspection done up front:

Establish Trust: When buyers see that you have separated yourself from the competition and paid for something out-of-pocket, that goes a long way toward telling the buyers that you are serious. You are saying, "I recognize no property is perfect, but I am willing to pay for a third-party to give me an objective opinion of issues, pay to have them fixed, and show you the results of the report." For nervous buyers, that’s a huge potential roadblock lifted.

Eliminate Surprises: No one likes a blind-side; not buyers, sellers, lenders, or appraisers. Getting a preinspection eliminates the scary unknowns, especially for a property that may not be updated or show exceptionally well. Buyers are looking for reasons to

walk, and condition of a property is a huge reason many do. If buyers can see that the expensive stuff is taken care of, it makes replacing carpet and painting look like a breeze.

Helps You Prepare: Getting problems taken care of before you sell gets rid of one additional stressor.

Finding a big problem that requires a contractor, or creates a huge hassle like having your water turned off, etc., is something that is best handled before your home goes on the market, not WHILE it is on the market.

When you're selling a home, you have a lot of things to juggle... repairs, contractors and disruptions shouldn't be one of them.

Helps control costs: A few buyers see the inspection process as a 'shake-down' to get additional money from sellers. The prices quoted by buyers for repairs discovered by the inspection process are often based on high and often inaccurate estimates. When you control the repairs up front, you have time to find the right person for the job by interviewing a few people and getting estimates, maybe even calling on friends or family with particular expertise. Any time you are in a hurry or under pressure, it's easy to substitute money for time. Give yourself time and you'll save money.

Pre-inspections are not widespread, but they are an idea being embraced more widely as competition grows, prices drop and homes sit. Most inspectors will do a preinspection, and you may be able to negotiate a reduced rate if you're moving within the area and hire them to do the inspection on your new place.

Don Barrons Don Barrons Excavating & Logging

Excavating & Logging Excavating • excavating Septic SLandscaping yStemS • L•andScaping sSand & gravEL • Log LEngth FirEwood and & graveL • Log Length Firewood 170 Jones Road, RR#2, Marmora, ON K0K 2M0

Jones Road, RR#2, Marmora , ON K0K 2M0 Tel:170 613-472-3806 • Cell: 613-391-4237

Tel: 613-472-3806 • Cell: 613-391-4237

Fax: 613-472-3116

Fax: 613-472-3116 Buyer’s & Seller’s Guide | 19

WAYS YOU CAN Example: Assume a $100,000

mortgage with an amortization period of 25 years and an interest rate of 4% over a five-year term.

Say Goodbye To Your Mortgage Faster!

Increase the frequency of your payment.

If you’re paying your mortgage on a monthly basis, you can arrange to switch your payment to half of the monthly payment amount on a biweekly basis. As a result, you’ll actually make 26 payments a year. Most homeowners don’t miss the extra amount but always notice the savings.

Take advantage of increased payment options.

Increase your payment on your mortgage. Most people are surprised by how easy it is to adjust their lifestyle to a slight increase in their mortgage payments.

Take advantage of lump-sum payments.

In addition to increased payment options, most banks offer the opportunity to make lump-sum payments on a mortgage. An annual lump-sum payment of just 2% is all it takes for many homeowners to pay off their mortgage years ahead of schedule.

Take a shorter amortization.

To shorten an amortization period from the industry standard 25 years to 10, 15 or 20 years instead.

The result is slightly higher mortgage payments but significant interest savings over time.

PAYMENT FREQUENCY

NO. OF PAYMENTS PER YEAR

PAYMENT AMOUNT

INTEREST FOR THE TERM

TERM ENDING PRINCIPAL BALANCE

AMORTIZATION REMAINING AFTER 5YRS

YEARS SAVED OVER LIFE OF MORTGAGE

MONTHLY

1122

$$526.03 526.03

$$18,614.92 18,614.92

$$87,053.12 87,053.12

220yrs 0yrs

00yrs yrs

BIWEEKLY IWEEKLY

26

$263.02

$18,296.53

$84,049.19

16yrs 42 wks

3yrs, 10wks

WEEKLY W EEKLY

52

$131.51

$$18,282.17 18,282.17

$$84,034.84 84,034.84

116yrs 6yrs 41 wks

33yrs, yrs, 11wks

20 | Buyer’s & Seller’s Guide

Insuring Your Biggest Investment -Your Home Make sure you purchase a policy that reflects the unique qualities of your home, its contents and the people who live there.

Your home should be insured from the moment you take legal ownership - even if it is under construction. Your broker’s expertise is particularly useful at this stage when you really need to match policy features and needs.

Here’s a primer to get you started:

Home Insurance Covers The Building, Its Contents And Liability.

There are usually three parts to your homeowner’s policy:

1. Building insurance covers the main dwelling, garage and any out buildings.

2. Contents insurance covers the cost of replacing furniture, carpets and personal possessions. valuables such as art, jewels and furs may require additional coverage.

3. Liability policies insure against the costs incurred if, due to negligence, you are held responsible for an act causing injury or property damage to others.

Policies Range From Offering Comprehensive To “Bare-Bones” Coverage.

You can save money by scaling down your policy, but be careful not to underinsure. Basically, there are two common types of protection:

1. Named perils coverage provides coverage for

There Are Three General Policy Categories From Which To Choose:

1. Basic/Normal Perils policies which is the most basic policy you can buy, providing “Named Perils” only for both your home / outbuildings and its contents.

2. Broad Form policies provide slightly broader protection, offering “All Risks” coverage on your home and outbuildings and “Named Perils” coverage on your contents.

3. Comprehensive policies provide the most thorough coverage available by offering “All Risks” coverage for your home / outbuildings and also your contents.

Regardless of which policy you select, some coverages can be increased and certain items insured separately.

Take The Time To Understand What’s Covered And What Isn’t.

Don’t assume that once you have a policy you are covered for everything. Ask your broker to explain the details.

Coverage for the important things in life.

Find the insurance coverage, and investments you need, all in one place.

Chad Buell, CFP® CLU®

Certified Financial Planner/Agent/Owner

specific basic perils outlined in the policy. This coverage is usually less expensive, but places more risk of financial loss on you.

2. All Risks coverage provides you broader coverage for normal risks to which your home would be exposed, except those which are specifically excluded, such as flooding.

“Your home should be insured from the moment you take legal ownership - even if it is under construction.”

Chad Buell & Associates Inc. 96 College St. W., Belleville, ON K8P 2G5 PH: 613-966-5055 F: 613-962-9011 Claims: 1-877-682-5246 • E: chad_buell_assoc@cooperators.ca

www.cooperators.ca/local/chad-buell/

Home Auto Life Investments Group Business Travel Farm Buyer’s & Seller’s Guide | 21

Make MakeYour YourHome Home More MoreEnergy EnergyEfficient Efficient

REPLACE REPLACE OLD OLD APPLIANCES APPLIANCES Older appliances are less energy-efficient than newer models. Energy Star certified appliances will help save energy and in turn help lower electricity costs. When Taking steps to make your home more energy efficient it’s time to replace your kitchen appliances, the washer, helps the environment and saves you money. Some dryer, water heater, or furnace, look for models that energy-efficient changes are one-time investments, are labeled as “Energy Star Certified” to ensure you’re others are things you can do every day! getting an energy and money-saving appliance.

INSULATING INSULATING • A high efficiency on-demand water heater only fires Adding new or additional insulation to certain areas like when you call for hot water. It heats up quickly and then ceilings, attic and walls along with using caulking or quits burning fuel. weather stripping to make sure doors and windows are • Get low-flow fixtures and appliances. Low-flow toilets, properly sealed will help prevent cold drafts and help shower heads, and washing machines can save a lot of keep warm air inside during cold weather. During the water. summer, these same improvements will help keep the • Using low-flow fixtures (eg. shower heads) combined cool air inside your home. with the use of a new, energy-efficient water heater UPDATE YOUR WINDOWS UPDATE YOUR WINDOWS can help to further decrease the energy usage in your Windows are a major source of heat loss in a home. home.

Replace aluminum frames. Aluminum window frames let FURNACE UPDATE/MAINTENANCE UPDATE/MAINTENANCE heat transfer very easily. Vinyl frames are much more FURNACE There are a number of things you can do to increase the resistant to heat transfer. efficiency of your furnace.

Double or triple-paned argon gas-filled windows are great •High-efficiency furnace. A high efficiency furnace for keeping the heat in and the cold out. burns less gas, burns hotter, and produces less carbon HELPFUL HELPFUL RESOURCES RESOURCES emissions. www.nrcan.gc.ca/node/5009 www.nrcan.gc.ca/node/5009 •Change air filters. Changing out dirty furnace filters www.gogreentogether.ca www.gogreentogether.ca makes it easier for air to circulate and thus makes your www.greensaver.org/consumer/homeassistance www.greensaver.org/consumer/homeassistance furnace work less. www.nrcan.gc.ca/energy/products/energystar/12519 www.nrcan.gc.ca/energy/products/energystar/12519 •Seal ducts. Seal your furnace/AC duct work. Keeping air in the ducts until it reaches its destination will keep your furnace from working too much.

•Add a programmable thermostat. Another furnace fix!

A programmable thermostat means that while you’re out, your furnace won’t come on. However, before you come back home the furnace will turn back on and your house will be warm.

•Close the vents in rooms you use less frequently in your home, like guest bedrooms, so you’re only heating or cooling rooms that are occupied.

HEAT RECOVERY VENTILATORS (HRV) HEAT RECOVERY VENTILATORS (HRV) HRV systems provide fresh and improved indoor air quality and climate control to your home, while also saving energy by reducing heating and cooling requirements.

2222 | Buyer’s | Buyer’s && Seller’s Seller’s Guide Guide

Purchasing A Property With A Septic System Building Your Home With A Septic System If Standard Tile Field you have recently purchased your dream property and wish to build, meeting established neighbours is a good idea. However, don’t sweat the odd horror story. A local contractor, with years of area experience, will eventually save you money and heartache. Remember the pumper knows most everyone in the area and is an excellent source of information.

The following are some useful tips to keep your Septic System working:

1. Pump out your septic tank regularly. Every three to five years is recommended by experts for a threebedroom house with a 1,000-gallon tank. Smaller tanks should be pumped more often than that. This helps eliminate solids build-up that can clog your leach field.

2. Reduce Water Use. Excess water strains a failing septic system and leads to puddling in the yard. Do not divert roof drains or basement sump pumps into septic systems. You want to drain as little water into them as possible.

3. Keep it Green. Avoid chemicals that are unfriendly to crucial septic tank bacteria. Many products are available which contain less harmful ingredients that are gentler on your system. Septic systems work best when bacteria life thrives so watch out when using potent chemicals.

4. Get Rid of Roots. Remove trees with roots capable of infiltrating into your leach bed or lateral lines. Tree

Tank

Distribution Box Tile Field

The tile field is the filter area where the wastewater is intended to receive its final polishing before re-entering the natural environment roots can shift internal piping and cause severe damage or breakage. Avoid planting anything on your drain field.

5. Don’t use your toilet as a garbage can! If you put lots of stuff down the toilet, you will need to have the tank pumped more often.

6. Grease and Fats. Keep kitchen grease out of your septic system. It is not broken down easily by your system and can clog your drain field. Discard of such material in trash receptacles or any other method allowed in your local area.

repairs inspections

613.475.0960 quinteseptictank.com

195 Craig Road, Belleville, ON check us out on facebook!

www.eugenecraigsseptic.ca

new M ention This Ad installations To Get $10 Off! pumping every

3 years 613-962-9334 Buyer’s & Seller’s Guide | 23

Moving Day

How to Improve Your Credit Credit scores play a big role in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:

Check for errors in your credit report.

Thanks to an act of Congress, you can download one free credit report each year at annualcreditreport.com. If you find any errors, correct them immediately.

Pay down credit card bills.

If possible, pay off the entire balance every month.

Transferring credit card debt from one card to another could lower your score.

Don’t charge your credit cards to the max.

USE THE MOVING DAY CHECKLIST TO MAKE YOUR MOVE AS STRESS FREE AND EFFICIENT AS POSSIBLE. • • • • • • • • • • •

Pay down as much as you can every month.

•

Wait 12 months after credit difficulties to apply for a mortgage.

•

You’re penalized less severely for problems after a year.

Don’t order items for your new home on credit.

Wait until after your home loan is approved to charge appliances and furniture, as that will add to Your donation supports our ongoing research, programs & services within the community. your debt.

COMMUNITY DEVELOPMENT COUNCIL OF QUINTE

Don’t open new credit card accounts. the Community Development Council of Quinte (CDCQuinte) is

If you’re applying for a mortgage, having too much a non-profit, charitable organization. since 1989, we have been availablethe credit canandlower yourof score. promoting planning provision health and social services to ensure residents of the Quinte community are provided with the Shop for mortgage rates all at once. necessities of life and an opportunity to improve one’s quality of life.

Having too many credit applications can lower your Community score. However, multiple inquiries about your credit Good scoreGood from the sameGardens type of lender are counted as Food Box Baby Box one if submitted over a short period of time.

Social Planning

Avoid finance companies. Good Community

Food Market Kitchens Even if you pay off their loan on time, the interest is the CDC is a registered charitable organization (Charity registration#104996182) high and it may be considered a sign of poor credit management.

W W W. C D C Q U I N T E . C O M 65 Station Street, Belleville, ON K8N 2S6

613.968.2466

24 | Buyer’s & Seller’s Guide

•

Arrange for the transportation of your household goods.

Notify everyone of the date of your move and your new address.

Hire a moving company or rent a truck.

Arrange for transport of items that require special attention. (pianos, pets, etc.)

Do an inventory of your home. Dispose of things you no longer need. Donate to charity or have a yard sale.

Dispose of hazardous materials. (paint, thinners, gasoline) Pack seldom used items as soon as possible.

Have appliances cleaned and serviced before the move. Don’t forget to defrost the fridge and freezer.

Decide where you want furnishings placed in your new home and label them accordingly.

Hire a sitter for moving day. It’s going to be a hectic day.

Plan on being present at the loading and unloading of your belongings.

Keep a record of all moving expenses for income tax deductions (if applicable).

Have your car serviced and keep emergency supplies in the trunk.

Make a last check of the house - closets, basement, garage, yard - make sure nothing is left behind.

Remember To notify  Bank  Broker  Cable/Satellite  Canada Pension  Credit Cards  Daycare Service  Dentist  Doctor  Driver’s License  Employment Insurance  Family Allowance  Finance Companies  Fuel/Propane  Gas  Health Plan  Hydro  Income Tax  Insurance Company

 Internet Provider  Lawn/Garden Services  Lawyer  Library  Mail Orders  Magazines  Newspapers  Old Age Pension  Pool Services  Post Office  Property Tax Reg.  Schools  Telephone  Unions  Vehicle  Water  Water Treatment

Don't forget to check it off!

Moving In...

How Much Is It Going To Cost?

The following is a monthly budget plan that will help you calculate the cost of moving into a new home.

Housing Expenses

PRESENT MONTHLY EXPENSES

Mortgage Payment ........................ $ _______ Property Taxes ............................... $ _______ Total Monthly Housing Expenses ... $ _______

OTHER EXPENSES

Outstanding debts ......................... $ _______ Food and clothing .......................... $ _______ Medical and dental expenses......... $ _______ Car payments and expenses.......... $ _______ Transportation................................ $ _______ Clothing ......................................... $ _______ Education ....................................... $ _______ Personal insurance......................... $ _______ Recreation and hobbies ................. $ _______ Utilities .......................................... $ _______

Real Estate Buyer’s & Seller’s Guide

Professional Services

EXIT REALTY GROUP Brokerage, Independently Owned & Operated

COnCRETE PRODuCTS: A&B Precast Manufacturing Limited ..... 613-962-9111 ExCAvATInG & SEPTIC InSTALLATIOn: Don Barrons Excavating & Logging ....... 613-472-3806

FUTURE MONTHLY EXPENSES

InSuRAnCE: The Co-operators Incurance ..................... 613-966-5055

_______ _______ _______

LAWYERS: KDM Law ...................................... Belleville 613-966-7771 .......................................... Trenton 613-394-3315 ........................................Napanee 613-308-9500

_______ _______ _______ _______ _______

O’Flynn Weese LLP ....................................... 613-966-8036 Paul M.G. Smith, Q.C. Professional Corporation ............................................................ 705-653-1860 Sioui Mitts Law Barristers, Solicitors & Notaries .................. 613-965-6430

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MORTGAGES: Hewbrook Incorporated Mortgages & Loans ................................... 613-392-3566

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MOvInG SERvICES: Bay Of Quinte Movers ................................. 613-961-9298

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FIRE & WATER RESTORATIOn: Winmar Property Restoration Specialists..................................................... 613-961-5183

Miscellaneous ................................ $ _______

_______ _______

PROPERTY MAInTEnAnCE: All Seasons Property Care ............................613-921-3918

Total Monthly Expenses $ _______

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Total Monthly Income $ _______

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SEPTIC SERvICES: Eugene Craig’s Septic Service .................. 613-962-9334

Savings $ _______

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Insurance ....................................... $ _______ Repairs .......................................... $ _______ Maintenance .................................. $ _______

Produced By:

WATER TREATMEnT: MacLellan Water Technology ................... 613-386-0550

1.800.305.2044

M06Y18

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The law firm of Sioui Mitts Law is proud of its history and tradition of providing superior service to the residents, businesses and community of the City of Quinte West and surrounding area for more than 60 years.

21 Quinte Street, PO Box 397, Trenton, ON K8V 5R6 21 Quinte Street, PO Box 397, Trenton, ON K8V 5R6 Ph: 613-965-6430 | 1-800-616-1294 | Fax: 613-965-6400 Ph: 613-965-6430 | 1-800-616-1294 | Fax: 613-965-6400 www.siouimittslaw.com www.siouimittslaw.com