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HOME BUYER'SGUIDE 2023 403.247-9988info@themckelviegroup.comthemckelviegroup.com
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 thisinformation. Every real estate transaction is unique, so youwill most likely have questions that are not covered here.We will assist you through each step, answer anyquestions, and help you find that 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 withyour existing financial institution about your financing options. Canyou keep or “port” the mortgage that you have now, or should youget a new one? Another option to the traditional lender is to acquire the services ofa mortgage broker. A mortgage broker can negotiate favourableterms and rates on your behalf, and typically work with a conciergeof lenders including mortgage financing companies. The broker’sfees are 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 setup an 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 thata buyer 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. Thatmeans the home inspector is working for you – not for your real estateagent. Home inspectors are not contractors and they do not benefitfrom the sale or repair of a home. Your inspection should be unbiasedand objective.Having said this, it is also important to remember if you are buying apre-owned home, it is not going to be perfect. There will be normalwear and tear that comes with a pre-owned home. There may besmall issues that need attention. This is to be expected. The spirit of ahome inspection is to identify the larger issues – the costly inspectionissues you were not expecting that may affect your decision topurchase the home. If a home inspection should show somethingunexpected and you would like to proceed with the purchase of thishome, we will work with the sellers and their agent to try and comeup 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 informationprovided on the application. It will vary depending on your situation. If you are on salary or paid hourly and guaranteed hours you will needa current job letter and pay stub. If you are paid hourly and not guaranteed hours or paid commission,you will need to send in your last 2 years Notice of Assessments and/orT4’s, as well as a job letter and most recent pay stub.If you are self employed you would need to business license or articlesof incorporation along with 2 years financial statements, T1 generalsand Notice 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 fromthe account 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 mortgagestatement, property tax statement and lease agreement if you planon renting it.
When buying a condo, you will want to review thedocument package and examine all aspects of thecondominium complex you are buying into. You may want to consider using a professionalwho will assist you in this process.Condo Documents
CDIC INSPECTIONS403-228-6770Email: nina@cdicinspections.comwww.cdicinspections.comCONDO CHECK403-509-2250 Toll Free: 1-866-929-2462Email: intake@condo-check.comwww.condo-check.comCONDO MAX403-278-7310 Email: jj@condomax.infowww.condomaxinc.comALBERTA CONDO REVIEW403-498 7853Email: info@albertacondoreview.comhttps://www.albertacondoreview.com/contact-8
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.Inform them that you have bought a home and when you will bemoving. They will tell you what they need from you, and you will becontacted 1 to 2 weeks prior to your possession date. Once youhave chosen your lawyer, please contact your realtor and yourfinancial institution with the name and phone numbers.CongratulationsLawyers
RON 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 MACKAYDiamond & Diamond Lawyers106, 8060 Silver Springs Blvd. NW,Calgary, AB T3B 5K1Phone: 403-800-8000Fax: 403-800-9000Email: albertadeals@diamondlaw.caALI TISDALLKahane Law Office7309 Flint Road SE, Calgary AB T2H 1G3Phone: 403-225-8810Fax: 403-225-8289Email: info@kahanelaw.comBRADLEY 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.caLawyers
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 foryour mover or truck rental. To help ensure a smooth move, one of the best things that you can dois to 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 everythingis in working order and in the same shape as it was when you madethe offer. Make sure that you check everything at this time, includingall electrical appliances, the fireplace, toilets, jetted tubs, airconditioning and the furnace, and make sure that everything is inproper working order. If something is not working, please tell us sothat we can contact your lawyer.Also need to make a note that although the time on the purchasecontract says that possession is at noon, keys cannot be released tothe new owners until the sellers' lawyer has received all the funds forthe sale. On rare occasions, there can be a delay, and because of this, itis not a good idea to have a moving company or cleaning companybooked to be at the new house for noon. Once the lawyers have calledus with this information, 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...
IMPORTANTFORMS