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Joyce Huang403-971-1588joyce@themckelviegroup.comthemckelviegroup.com HOME BUYER'SGUIDE 2023
This guide is designed to to identify all of the steps in thehome buying process so you can feel confident to makeinformed decisions and know that we are with you everystep of the way. Please take time to review this information.Every real estate transaction is unique, so you will most likelyhave questions that are not covered here. We will assist youthrough each step, answer any questions, and help you findthat right home.THANK YOUFOR CHOOSING THE McKELVIE GROUPKelly McKelvie
OFFICE: 403-247-9988 WEBSITE: www.TheMcKelvieGroup.com403-804-7793Kelly@TheMcKelvieGroup.com403-804-6437Paul@TheMcKelvieGroup.com403-999-1397Rick@TheMcKelvieGroup.com403-835-0783JulieBouchard@TheMcKelvieGroup.com403-703-5668Jonn@TheMcKelvieGroup.com587-447-8778Jas@TheMcKelvieGroup.com587-582-4590Ryan@TheMcKelvieGroup.com403-860-9525Jeff@TheMcKelvieGroup.com403-971-1588Joyce@TheMcKelvieGroup.com587-580-8543Stella@TheMcKelvieGroup.com403-247-9988Julie@TheMcKelvieGroup.com403-247-9988Tracy@TheMcKelvieGroup.comKELLY McKELVIE………………...................President, Real Estate Agent …......PAUL MORRIS…………………......................Managing Director……….…....................RICK EASTHOPE………………….................Real Estate Agent ..………….................…JULIE BOUCHARD….…..…...................…Real Estate Agent ..……….........…...........JONN VANBRYCE….…..…........………......Real Estate Agent ………..…....................JAS AMROK..........….…..………..................…Real Estate Agent ………..…....................RYAN HAWKINS.........….…..……........…....Real Estate Agent ………..…....................JEFF MACKINNON.........…..…..........…...Real Estate Agent ………..…....................JOYCE HUANG.........….…..…….….........Real Estate Agent ………..…...............STELLA MINAE KECK.........…......….…...Real Estate Agent ………..…....................JULIE DOBSON….…..…………....................Office Manager..………..……......................TRACY KEEN………………….…......................Marketing Manager…………...................Contact
THE HOME BUYING PROCESS
Pre ApprovalThe Home SearchWrite An OfferConditional SaleHome InspectionFinancingCondo DocumentsFirm SaleLawyerPossession Contents
The most important step in buying a home is determining a realistic expectation of what you can afford.The first step is getting pre-qualified for your mortgage.If you already have a Mortgage then you may want to speak with yourexisting financial institution about your financing options. Can youkeep or “port” the mortgage that you have now, or should you get anew one? Another option to the traditional lender is to acquire the services of amortgage broker. A mortgage broker can negotiate favourable termsand rates on your behalf, and typically work with a concierge oflenders including mortgage financing companies. The broker’s feesare paid by the lender when your mortgage is released.Once you have established a price range, the home search begins.PreApproval
ADVANCED MORTGAGECalgary North403-828-3026#308-5149 Country Hills BV NWCalgary, AB T3G 5K8 Calgary South403-466-6654#110 – 7220 Fisher ST SECalgary, AB T2H 2H8https://www.advancedmortgage.caHUGH BULLEN MORTGAGES403-703-8879hugh@elevationmortgage.cahttps://hughbullen.comCANADIAN MORTGAGEPROFESSIONALS Inc.2719 Centre St NWCalgary, Alberta, T2E 2V5Toll Free:1-877-676-4496Main: 403-509-2434info@canadianmortgagepro.comhttps://CanadianMortgagePro.comJeremy NagelCANADA MORTGAGE DIRECT403-242-5547jeremy@canadamortgagedirect.comwww.jeremynagel.caShannon DeRosaCANADIAN MORTGAGE LENDER INC.403-805-6502shannon.derosa@cmlmortgages.comwww.shannonderosa.caCheryl SanguinettiTHE MORTGAGE GALLERY403-809-6217cheryl@themortgagegallery.cawww.themortgagegallery.caJulie and Andy JeffreyDLC ELEVATION MORTGAGECALGARY403-828-8832julie@elevationmortgage.caandy@elevationmortgage.cahttps://elevationmortgage.ca/Mortgage Brokers
WHERE DO YOU WANT TO LIVE?Remember to consider schools, shopping, churches, communitycenters, transit, and transportation to work when considering acommunity.MAKE A WISH LISTIt’s time to decide what you want in a new home. Make a list of things that are must haves and things that would benice to have in your new home, such as number of bedrooms,bathrooms, upgrades, yard, basement development, garage etc…To help you organize your home search we will set you up on acustomized search based on your specific criteria. All new listingswhich come on the market that meet your criteria will deliveredthrough e-mail. When you see a home that excites you, we will set upan appointment to view it immediately.The Home Search
1. Initial consultation in our office2. Get a mortgage approval to establish how much youcan spend3. Determine your wants and needs4. Customized search5. House huntingLet's Review
When we find the home that best suits you, thenit is time to make an offer.STEP BY STEP NEGOTIATING PROCESS1. Purchase Price2. Goods Included3. Possession Date4. Conditions5. DepositOnce the negotiations are successful and both the Seller and theBuyer have signed the contract, we have a conditional sale.This time frame is rarely longer than a week and this is the time that abuyer has to do their due diligence such as have their financingapproved for the sale and to have a home inspection done on theproperty.Make an OfferConditional Sale
We recommend a home inspection of every home. Buying a home may be one of the biggest investments that you will ever make and it is important to know the condition of the home you are purchasing.Home inspections are done to ensure that you receive an objective,professional inspection that is free from conflict of interest. That meansthe home inspector is working for you – not for your real estate agent.Home inspectors are not contractors and they do not benefit from thesale or repair of a home. Your inspection should be unbiased andobjective.Having said this, it is also important to remember if you are buying a pre-owned home, it is not going to be perfect. There will be normal wear andtear that comes with a pre-owned home. There may be small issues thatneed attention. This is to be expected. The spirit of a home inspection isto identify the larger issues – the costly inspection issues you were notexpecting that may affect your decision to purchase the home. If a homeinspection should show something unexpected and you would like toproceed with the purchase of this home, we will work with the sellersand their agent to try and come up with a mutually agreeable resolution.Home Inspection
HomeHOME CRAFTERS INC.403-292-1600Toll free: 1-888-881-8191Email: info@homecrafters.netwww.homecrafters.netPILLAR TO POST403-660-7678Toll free: 1-800-294-5591Email: bob.pozniak@pillartopost.comwww.pillartopost.com/calgaryLANRON INSPECTIONS INC.403-870-3081Email: lanron@gmail.comwww.lanroninspections.comCANPRO INSPECTIONS LTD. Larry Pineda403-630-6992Email: lpineda@canproinspections.cawww.canproinspections.caBOCC HOME INSPECTIONS LTD.403-585-6279Email: hello@boccinspections.comhttps://boccinspections.comJCHI HOME INSPECTIONS403-606-4546Email: jchihome@gmail.comhttp://www.jchi.ca/ENCOMPASS HOME INSPECTIONS LTD.403-800-4724Email: Info@EncompassHomeInspections.cahttps://encompasshomeinspections.ca/Inspectors
The lender will require documentation to verify the information providedon the application. It will vary depending on your situation. If you are on salary or paid hourly and guaranteed hours you will need acurrent job letter and pay stub. If you are paid hourly and not guaranteed hours or paid commission, youwill need to send in your last 2 years Notice of Assessments and/or T4’s,as well as a job letter and most recent pay stub.If you are self employed you would need to business license or articles ofincorporation along with 2 years financial statements, T1 generals andNotice of Assessments. If your down payment is from savings in your bank account, providethree months of bank statements. The statements must state youraccount number and name.If your down payment is from investments (RSP, GIC, Stocks, Bonds),provide three months of account statements with name and accountnumber showing.Financing
If your down payment is a gift, provide a copy of a gift letter andproof that the gift has been deposited into your account.If you are separated or divorced you would need to provide theagreement.You will be required to provide a personalized void cheque from theaccount you want your payments to come out.Please note this is a standard list of documents, however the lendermay require more documents. If you already own a home and planon keeping it you will need to provide current mortgage statement,property tax statement and lease agreement if you plan on renting it.
When buying a condo, you will want to review the document packageand examine all aspects of the condominium complex you are buyinginto. You may want to consider using a professional who will assist you in thisprocess.Condo DocumentsCDIC INSPECTIONS403-228-6770Email: nina@cdicinspections.comwww.cdicinspections.comCONDO CHECK403-509-2250 Toll Free: 1-866-929-2462Email: intake@condo-check.comwww.condo-check.comALBERTA CONDO REVIEW403-498 7853Email: info@albertacondoreview.comhttps://www.albertacondoreview.com/contact-8CONDO MAX403-278-7310 Email: jj@condomax.infowww.condomaxinc.com
A FIRM SALEOnce all conditions have been satisfied you cannow "waive" or remove the conditions. Whenthis happens, you now have a Firm Sale.All the legal paperwork should be done through a lawyer who doesconveyancing - the legal side of buying & remortgaging property. Informthem that you have bought a home and when you will be moving. Theywill tell you what they need from you, and you will be contacted 1 to 2weeks prior to your possession date. Once you have chosen your lawyer,please contact your realtor and your financial institution with the nameand phone numbers.CongratulationsLawyers
BRADLEY MINUK Minuk Law8227 Elbow Drive SW, Calgary AB T2V 1K6Phone: 403-453-1054Fax: 403-453-1056Email: realestate@minuklaw.comJORDAN POTUNIK Cornerstone Law Group LLP10655 Southport Rd SW Ste. 225,Calgary, AB T2W 4Y1Phone: 403-296-1700Fax: 403-258-0020Email: jordan@cornerstonelaw.caRON THIBEAULT LeClair Thibeault Barristers & Solicitors106, 2411 - 4th Street NW, Calgary, AB T2M 2Z8Phone: 403-245‐3500Fax: 403-245-3357Legal Assistant: Corinne LavelleEmail: CorinneL@calgarylaw.comRYAN MACKAY MacKay Real Property LawSuite 106, 8060 Silver Springs Blvd. NW, Calgary, AB T3B 5K1Phone: 403-800-8000Fax: 403-800-9000Email: info@mackaylaw.ca ALI TISDALLKahane Law Office7309 Flint Road SE, Calgary AB T2H 1G3Phone: 403-225-8810Fax: 403-225-8289Email: info@kahanelaw.comLawyers
Arrange for a moving Company (Werecommend getting 3 estimates and readingreviews).Arrange for house and contents insurance,and send a copy to your lawyer.Set up house taxes T.I.P.S. with the city ofCalgary.Advise the post office of your new address &effective move-in date.Set up your telephone.Set up your gas.Set up your electric.Set up your cable TV & internet.Change address with banks & credit cardcompanies.Change your vehicle registration & insurance.Change your address with schools, clubs,doctors, dentists & vets.As soon as you know your moving date, you will want to arrange for yourmover or truck rental. To help ensure a smooth move, one of the best things that you can do isto make a master checklist of things that you will need to do.IMPORTANT THINGS TO REMEMBER:Moving Checklist
Important Phone Numbers & WebsitesSHAW CABLE………………….….. 403-716-6000TELUS…………………………….…........ 403-310-2255ATCO GAS………………………......... 403-245-7888ENMAX……………………..……........... 403-310-2010T.I.P.S. City of Calgary……….. 403-234-7480WEBSITES: www.calgary.ca - The City of Calgary Websitewww.cssd.ab.ca - Calgary Catholic School Boardwww.cbe.ab.ca - Calgary Board of Education
On possession day we will meet you at your new house.At this time we will do a walk-through and make sure that everything isin working order and in the same shape as it was when you made theoffer. Make sure that you check everything at this time, including allelectrical appliances, the fireplace, toilets, jetted tubs, air conditioningand the furnace, and make sure that everything is in proper workingorder. If something is not working, please tell us so that we can contactyour lawyer.Also need to make a note that although the time on the purchasecontract says that possession is at noon, keys cannot be released to thenew owners until the sellers' lawyer has received all the funds for thesale. On rare occasions, there can be a delay, and because of this, it is nota good idea to have a moving company or cleaning company booked tobe at the new house for noon. Once the lawyers have called us with thisinformation, we hand the keys over to you.NOW THE HOUSE IS YOURS!Possession Day
Even though you have moved into your new home, our job is notfinished. If you ever have any questions or concerns, please call us. We want tomake sure you are happy in your new house, and we want to dowhatever we can to make that happen.TO YOUR NEW HOME!Welcome...
Joyce Huang Mobile: 403-971-1588Office: 403-247-9988Email: joyce@TheMcKelvieGroup.com www.TheMcKelvieGroup.com Thank you again for choosing us to assist you in the purchase of your new home. Thank You!
JOYCE HUANG - REALTOR®joyce@themckelviegroup.com403-971-1588Born in Ying De China and raised in Calgary from the age of three,Joyce explored a variety of sports growing up, her favourite beingRugby. She later on discovered a passion for fitness and being presentin the gym, always striving to do more and to do better. Through herteenage years she was presented an opportunity to compete in theMiss Teen Canada pageant held in Toronto, Ontario where she learnedto build a platform and used her voice to educate youth about eatingdisorders. Joyce learned from an early age that there are no limits toreaching your dreams. Prior to pursuing real estate, Joyce found an interest in real estateinvesting and financial literacy. Her passion of meeting new peopleand building meaningful relationships is what brought her tobecoming a licensed realtor. In her free time, you’ll find Joyce hanging out with her goldendoodle,Bear or in the gym. Joyce strives to learn something new and become1% better everyday.
IMPORTANTFORMS