A Real Estate Minute With Michelle Eldjarnson

Welcome to this edition of a minute with Michelle - a new buyers guide and how to get started!

Step 2..be prepared for the hidden cost on this edition of a minute with Michelle

Many people know that you have to save up for a down-payment to buy purchase a property.

But not everyone is ready for the “hidden” expenses of buying a house, although they aren’t hidden, most people just simply don’t know or aren’t informed by their agents, and sometimes aren’t aware of what the actual costs are, and how quickly they can add up.

Above and beyond the down-payment for your next purchase, you’ll also have the following expenses:

• Legal fees (roughly $1,000 to $1,500)

• GST if you’re purchasing a new home

• Appraisal Fees (typically $200-500) these are sometimes covered by your mortgage provider.

• Home Inspections ($300-$750) step 3 of your personalized home buying process!

Creating your wish list and must have list!

This next step is simple for most buyers! As most have been dreaming about buying for quite some time.

Before you dive too deep into the home search process, it’s idea for you to create 3 lists.

1. Your must have items - These are the things you can’t live without under any circumstances

2. Nice to have items - Things you probably could live without, but if you can get them it’s a big plus!

3. Can’t live with X items - These items are your true deal-breakers or the things you just don’t want.

Whatever your choices are, note them down and give this to your Calgary Real Estate Agent. That way they know what to look for, sometimes we’ll know of, or hear about a property before it’s listed, if we know what you want, we can notify you before it’s made available to the general public.

Some other factors that you’ll want to consider when creating your lists:

Access and proximity to public transit Locations.

Parking Amenities you desire

Urban vs. Suburban

Lifestyle

Total monthly carrying costs

Types of finishes in the home

And those are some of the hidden costs you may encounter as a buyer when purchasing a home.

Stayed tuned for the next edition of a guide for a new home buyer on a minute with Michelle!

April 21 – June 25, 2023

9 to 5 The Musical, with music and lyrics by Dolly Parton and book by Patricia Resnick, is based on the seminal 1980 hit movie. Set in the late 1970’s this hilarious story of friendship and revenge in the Rolodex era is outrageous, thought-provoking, and even a little romantic.

Pushed to the boiling point, three female coworkers concoct a plan to get even with the sexist, egotistical, lying, hypocritical bigot they call their boss. In a hilarious turn of events, Violet, Judy & Daralee live out their wildest fantasy – giving their workplace a dream makeover, taking control of the company that had always kept them down.

Hey, a girl can scheme, can’t she?