THE CHATHAM VOICE
THURSDAY, JUNE 20, 2019
PAGE 13
Looking for Bungalows! Residential, Commercial and Farm Mortgages!
PHILLIPS BARB PHILLIPS BARB PHILLIPS
ate Brokerage Real Estate Brokerage Real Estate Brokerage 519-359-8588
MS COME HOME WHERE DREAMS WHERE DREAMS COMECOME HOMEHOME
519-351-SAVE
Barb Phillips
-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
Barb Phillips Barb Phillips
Broker of Record
Our Family Taking Care of Your Family
Broker of Broker Recordof Record
barbphillipsrealestatebrokerage.com 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 t lovely 3 bedwoodwork, family home, open concept woodwork, family home, open concept 3 bed-3 bedwoodwork, 1 bathroom, or, with ensuite, main floor rooms, 1 bathroom, stermaster withrooms, ensuite, main floor 1 bathroom, Openrooms, House HouseHouse main floor main floor1-3 laundry. Open Open floor office, lowerlaundry. level finished, main floor laundry. rinoffice, 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! ot, no backyard Call Barb details! backyard neighbours.
Peifer Realty Brokerage
Penny Wilton, Broker
m 89 Regency 100-Acre Farm Dr. Farm ients 100-Acre
for amily ows. ct illips y.
THURSDAY, JUNE 20, 2019 Independently Owned & Operated 42 Talbot St. W., Blenheim
519-676-5444
519-360-0315 • penny@pennywilton.com 89 Regency 89 Regency Dr. Dr.
Elliot Wilton, Sales Rep.
519-358-8755 • elliot@royallepage.ca FIND US ON
NEW NEW PRICE! PRICE!
FOLLOW US ON
BEST of Chatham-Kent
BEST
Cultivating the Best, Shore to Shore
Cultivating the Best, Shore to Shore
Reader's Choice
Peifer Realty Inc.
BROKERAGE INDEPENDENTLY OWNED AND OPERATED
Reader's Choice
TWITTER @ckrealtor
Res:
519-354-4714
ranch, 2 full baths, gourmet kitchen with extra wall of cabinets and breakfast bar. Stainless steel appliances in kitchen plus washer and dryer. Gleaming hardwood floors, fully finished lower level with family room and gas fireplace. Sitting on a quiet cul de sac near schools and parks. Fully fenced and well landscaped yard. Yours to enjoy!
Reduced Reduced ne: 100-acre ed Reduced 100-acre farm$48,900 located farm located $48,900 $48,900 -8588 p. 8 in Raleigh Township. in Raleigh Township. 2 bedroom mobile, open living2 room, kitchen, ail: Call bedroom mobile, open concept, livingkitchen, room, kitchen, or mobile, open concept, living room, CallPhillips Barb Phillips for 2 bedroom Barb for concept, shed. Wheelchair ramp. Present All Offers. large shed. Wheelchair ramp. Present All Offers. Wheelchair ramp. Present All Offers. nsi.net largeall y!et the details today! large shed.
all the details today!
Open House Saturday, June 22 • 1-3pm
519-359-2482
Look what $359,900 buys! Newer 4 bedroom raised 11 Goldenrod Court
of Chatham-Kent
Open House Sat., June 22 • 11-12:30pm
9175 Talbot Trail, Blenheim 9265 Middle Line, Blenheim estatebrokerage.com barbphillipsrealestatebrokerage.com bphillipsrealestatebrokerage.com Beautiful country property just minutes Spacious 3+2 BR brick rancher. Single attached garage and detached from town. The 1.5 storey home workshop. Nice size kitchen, beautiful features updated kitchen, main floor master, detached work shop and plenty sun room & partially finished of updates! $239,900. basement.! $274,900.
Andrea Okopny
Cell:
6600 Talbot Trail, Merlin
New, Custom Lakefront Rancher! 2+1 BR, 3 bath with beautiful open concept main floor. Call before it’s gone! $609,900.
Open House Sunday, June 23 • 12-2pm
Sales Rep. Bus. 519-354-5470
Thank You Its
SOLD
90 Robertson
4 bedroom home in a prime residential area near parks and schools.
This Week’s Open Houses Saturday, June 22
15 Rossini Cres., Chatham
Spacious 3BR, 1.5 bath family home with huge backyard. 3 living spaces, updated kitchen, detached double garage and tremendous curb appeal. Call Now! $339,900.
223 Regent St., Blenheim
Impressive 3 BR, 2 bath raised rancher in a prime location! Spacious & bright main floor. Family room & bar in the lower level. Attached garage & a pcture perfect yard. Call today! $319,900.
11 Henry O’Way, Chatham
Elegant custom 4BR, 3 bath, brick two storey. Open concept kitchen / living / dining with grand entrance. Gorgeous fully fenced rear yard and attached double garage. $599,900.
Open House Sun., June 23 • 2:30-4:30pm
11499 Wildwood Line, Rondeau
Sprawling brick rancher on Rondeau Bay. Huge great room overlooking bay, loads of upgrades & a beautifully manicured yard. $1,099,000.
26 Molengraaf Way, Chatham Stunning 4BR, 2 bath oversized raised ranch. Custom kitchen, double garage, quality workmanship and premium finishes throughout. $529,900.
A: Just to be clear a “power of sale” is when a homeowner defaults on their mortgage, the bank can take steps to sell the property to recover the money that’s owed to them. It seems to be a common misconception that power of sale properties are sold at a “fire sale” discount. But, in reality the lender is required to take reasonable steps to get market value for
Attention Realtors! Why Advertise in Voice Homes?
12-2pm . . . . . . . . 340 Ross, Erieau, $279,900 . . . . . . . . . . . . . . .Jackie Patterson, Royal LePage Peifer Realty 1-3pm . . . . . . . . . 15 Rossini Cres ., Chatham, $339,900 . . . . . . .Penny / Elliot Wilton, Royal LePage Peifer Realty Sunday, June 23 12-2pm . . . . . . . . 11 Henry O’Way, Chatham, $599,900 . . . . . . . .Penny / Elliot Wilton, Royal LePage Peifer Realty 2:30-4:30pm . . . . 26 Molengraaf Way, Chatham, $529,900 . . . . .Penny / Elliot Wilton, Royal LePage Peifer Realty
17402 Lakeshore Rd., Rondeau Park
Beautiful 3 BR overlooking the beach & Lake Erie. Spacious layout, lots of living space & plenty of storage. $289,900.
Real Estate FAQ’s Q: I can get a really good deal if I buy a power of sale because the bank just wants to get rid of it right?
11-12:30pm . . . . . 9265 Middle Line, Blenheim, $239,900 . . . . . .Penny / Elliot Wilton, Royal LePage Peifer Realty
the property. It can still be worthwhile to buy a power of sale, but there are a few complications that you should be aware of. First of all, the property is sold “as-is.” The lender won’t know whether the basement has a history of flooding or if there are other hidden defects in the home. In a normal transaction you can ask the seller detailed questions about the condition of the property, and you can request that they repair certain issues as part of the deal. But that’s not possible with a power of sale—any repairs will be your responsibility after
What is missing ?
YOU!
Call your LOCAL REALTOR® today! Sponsored by you complete the purchase. With that in mind, a thorough inspection of the property is highly recommended. A home inspector, contractor, environmental consultant or structural engineer can identify underlying problems with the home’s major systems, like heating and cooling, electrical, foundation, and so on. In addition, when you make an offer on the property, you can make it conditional on your satisfaction with the results of the inspection. If the inspection uncovers a major issue, the clause may allow you to walk away from the deal.
The second issue involves the legal aspects of buying a power of sale home. If a tenant or the owner is still living in the property, that can be an additional challenge. A real estate lawyer can provide you with guidance on how to proceed. A legal review of the documentation from the bank is also a good idea, especially since the documents can be long and hard to interpret. The third twist involves timelines. The bank has procedures they follow when they’re considering offers, and their staff typically only handle offers during business hours. As a result, the offer
process may take longer than normal. Finally, the bank may also include a “right of redemption clause” that lets them call off the deal if the owner catches up on their mortgage payments before the sale closes. This rarely happens in practice, but it’s a good idea to find out if they will include the clause in the Agreement of Purchase and Sale. There are quite a few caveats to buying a power of sale home, but it can still be worthwhile. Understanding potential issues, and hiring the proper experts will go a long way.
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