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New property listed in Washington Park, Regina

We have just listed this great property at 1277 Argyle ST in Regina.
Welcome to 1277 Argyle Street, located directly across from Sacred Heart School. This house offers 2 bedrooms, a full bathroom, living room, kitchen and porch on the main floor. The basement offers a den, utility room and 3 piece bathroom. The main floor bathroom has tiled walls and a clawfoot tub to relax in. The living room offers plenty of room to enjoy your favorite show and with the pass through window in the kitchen, you will never miss out while cooking. Whether your looking for your first home or an investment property come take a look. Contact your local REALTOR® or the listing agent to book your private viewing.
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New property listed in Transition Area, Regina

We have just listed this great property at 205 2300 Broad ST in Regina.
Welcome to Centre Square Place, Regina's premier condo development. Located only steps away from Wascana Park, and minutes from downtown, this spectacular condo has all the amenities you could possibly need within walking distance. The building is quiet with solid concrete construction, and features a grand lobby, party room, dual elevators, rooftop walking track, gym, and lounge area. Unit 205 boasts a open floor plan designed to accommodate the most discerning of residents, with nearly floor to ceiling windows, two large bedrooms, a convenient den, large kitchen with quartz counters and stainless steel appliances, two good sized bathrooms, and ample storage. The crowning feature is the stunning balcony which runs the entire length of the unit, and boasts stunning views of the city skyline. All furniture is negotiable. Don't miss this fantastic opportunity. Come visit Centre Square Place today!
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New property listed in Uplands, Regina

We have just listed this great property at 1307 12th AVE N in Regina.
Welcome to 1307 12th Ave N. This excellent family home boasts a spacious mail floor with two large bedrooms, open living room, bright kitchen with entry onto a large deck, and a full 4pc bathroom. The basement is fully finished, with two more bedrooms, large family room, two piece bath and utility/storage. The yard is landscaped and fully fenced, features a big deck and long two car driveway, and backs a greenspace. The home has seen numerous upgrades in recent years, including flooring, trim, paint throughout, furnace, both bathrooms, kitchen backsplash, basement windows, and much much more! Don't miss this awesome property! Come see it today!
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New property listed in Coronation Park, Regina

We have just listed this great property at 18 Halleran PL in Regina.
Welcome to 18 Halleran Place. This 1962 built, 988 square foot, 4 bedroom (3 up, 1 down), 2 bathroom bungalow and 24’x26’ double detached heated and insulated garage sit on a massive 10,502 square foot pie shaped lot on a quiet bay in Regina’s Coronation Park subdivision and is close to schools, parks and shopping. The exterior of the house and garage are quite low maintenance and efficient. It has vinyl siding, most windows have been updated to triple pane PVC windows, and it has steel insulated doors. You enter this home into the open concept kitchen / dining room and living room area that maximizes the use of space on the front half of the main level, share durable vinyl plank flooring and has loads of natural light flooding through the west facing windows. The updated kitchen has an included stainless steel fridge, stove and dishwasher as well as a tile backsplash. The rear portion of the main floor has the master bedroom as well as 2 other bedrooms, one of which has french doors leading to the deck, and the main 4 piece bathroom. The basement is fully finished with a large rec room, a bedroom with a walk-in closet, a 3 piece bathroom and a separate laundry room that has the included Samsung front load washer and dryer. The basement has mainly carpet throughout and has a Dricore subfloor. The backyard of this home is truly one of its greatest features. It has a huge private deck, an area for a firepit, is fully fenced, has 2 sheds (one with 110v power), a couple of garden boxes and is an absolutely fantastic place to entertain. This home also has a high efficient furnace, central air conditioning, and an updated 100amp electrical panel.
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New property listed in Harbour Landing, Regina

We have just listed this great property at 1316 5500 Mitchinson WAY in Regina.
Excellent third floor condo in the family friendly neighbourhood of Harbour Landing. Very efficient floor plan, with a open kitchen which boasts an abundance of cabinets and counter space, a bright living room leading out onto a large south facing balcony, convenient den/office space, and large master bedroom. The condo complex features underground parking, pet washing station, outdoor common space with sitting area and barbecue, guest parking, and much more. This is a fantastic property for first time buyers, young professional, or even as a low maintenance revenue property. Don't miss it!
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New property listed in Hawkstone, Regina

We have just listed this great property at 2953 Rochdale BLVD in Regina.
Welcome to 2953 Rochdale Blvd in Hawkstone, one of Regina’s newest neighborhoods in the north-west end of Regina. This 2-storey townhouse is nice and bright featuring 3 bedrooms, 3 baths and offers 1288 sqft of living space. As you enter, you are greeted by a large, modern kitchen complete with an eat up island and bright dining nook and good size living room. Rich espresso cabinetry and nice stainless steel appliances make this kitchen perfect for entertaining or cooking. Upstairs, you'll find a good sized Master Bedroom with walk-in closet and 3-pc ensuite as well as 2 additional bedrooms and a 4-pc bathroom. The basement is framed and insulated with poly. The backyard is fenced and features a 2 car detached garage.
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New property listed in Whitmore Park, Regina

We have just listed this great property at 1800 Dufferin RD in Regina.
Welcome to 1800 Dufferin Rd. This amazing bungalow has seen updates from top to bottom, and it shows! Upon entry, the home welcomes you in with high vaulted ceilings, all new finishings throughout and boasts a very open concept floor plan, perfect for entertaining family or relaxing with friends! The main living area is comprised of three large bedrooms, a massive living room, open kitchen with updated cabinets and large island, completely renovated three piece bath, and another four piece ensuite bath off the master bedroom. The yard is fully landscaped, partially fenced, and contains a double 20 by 24 garage, awesome exterior entertaining space, and two separate driveways for all your toys! You can't beat this location, only steps to St. Matthew Elementary school, minutes from Daffodil park, and Campbell collegiate. This is a home that needs nothing, just move in and enjoy! Come see it today!
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New property listed in Lakewood, Regina

We have just listed this great property at 6011 WADGE ST in Regina.
Welcome to 6011 Wadge St. This 1984 built, 1079 square foot, 4 bedroom (3 up, 1 down), 3 bathroom bungalow and its 24’x24’ double detached garage sit on a 107’x45’ corner lot in Regina’s desirable Lakewood neighbourhood which is close to schools, beautiful walking paths and north end shopping. You enter this recently updated and modern home into the porch and continue to the living room that has laminate flooring. The main floor has 2 good sized bedrooms as well as the master bedroom with an updated 3 piece ensuite bathroom. The main 4 piece bathroom has been completely updated with a beautiful custom tile and deep soaker tub. The main floor is completed with a dining room that has patio doors that access the backyard and finally the kitchen with tile backsplash and included stainless steel fridge, stove and dishwasher. The basement is fully finished with a huge rec / games room, a den, another bedroom, another updated bathroom with custom tile shower, and finally the laundry-in-utility room that has the included front load washer and dryer. The yard of this home is very low maintenance as it is mostly rock and brick, but still has a small amount of grass as well as a fire pit area! This home also has updated PVC windows, a high efficiency furnace and central air conditioning!
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New property listed in Lakewood, Regina

We have just listed this great property at 1527 Lee Grayson CRES N in Regina.
Spacious 1650 square foot Fiorante built - 5 bedroom walkout bungalow backing the lake and park in Lakewood. This home has a nice open style with vaulted ceilings and plenty of natural light from the arched picture window in the dining room. The oak kitchen has plenty of counter space and cabinets featuring marble tops and backsplash. The enclosed 3 season sun room opens to a private second level deck area with glass railing and composite decking. The stairwell to the lower level is open with oak railing. Downstairs there is a large rec room and tv area as well as 2 bedrooms and a bathroom. The lower level opens up to the back yard facing south toward the lake, park and walking paths. There is direct entry into the 23x24 attached insulated and drywalled garage.
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New property listed in White City

We have just listed this great property at 22 MCKENZIE PI in White City.
Welcome to 22 McKenzie Pointe. This 2009 built, 1282 square foot, 4 bedroom (3 up, 1 down) 3 bathroom walkout bungalow with its 24’x26’ double attached, heated and insulated garage sits on a generous 60’x150’ lot in the desirable town of White City, just minutes east of Regina. You enter this home into the front porch and you can appreciate this home's open concept and vaulted ceilings as you walk through the living room with a gas fireplace to the dining room area and finally to the beautiful kitchen plenty of maple cabinets and counter space as well as a convenient island and included fridge, stove and dishwasher. The rear door of the kitchen leads to the recently upgraded deck with composite decking that is great for BBQing and entertaining. The main floor is completed with the master bedroom with walk-in closet and 3 piece ensuite as well as 2 more good sized bedrooms and the main 4 piece bathroom. The basement is great for entertaining with a massive rec / games room that features an INCLUDED pool table. This area also has a door leading to the recently upgraded patio behind the house. The basement is completed with another good sized bedroom as well as a 3 piece bathroom and finally the utility / storage room. This home also features central air conditioning as well as underground sprinklers and a garden shed!
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Can I Buy or Sell a Home Without a Real Estate Agent?


Can I Buy or Sell a Home Without a Real Estate Agent?

Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for homes in the most sought-after neighbourhoods. This has led some sellers to question the need for an agent. After all, why spend money on a listing agent when it seems that you can stick a For Sale sign in the yard then watch a line form around the block?


Some buyers may also believe they’d be better off purchasing a property without an agent. For those seeking a competitive edge, proceeding without a buyer’s agent may seem like a good way to stand out from the competition—and maybe even score a discount. Since the seller pays the buyer agent’s commission, wouldn’t a do-it-yourself purchase sweeten the offer?


We all like to save money. However, when it comes to your largest financial asset, forgoing professional representation may not always be in your best interest. Find out whether the benefits outweigh the risks (and considerable time and effort) of selling or buying a home on your own—so you can head to the closing table with confidence.


SELLING YOUR HOME WITHOUT AN AGENT 

Most homeowners who choose to sell their home without any professional assistance opt for a traditional “For Sale By Owner” or a direct sale to an investor, such as an iBuyer. Here’s what you can expect from either of these options.


For Sale By Owner (FSBO)

For sale by owner or FSBO (pronounced fizz-bo) offers sellers the opportunity to price their own home and handle their own transaction, showing the home and negotiating directly with the buyer or his or her real estate agent. While Canadian statistics on FSBOs are limited, according to data compiled by the US-based National Association of Realtors (NAR), approximately 8% of homes were sold by their owner in 2020.1


In an active, low inventory real estate market, it may seem like a no-brainer to sell your home yourself. After all, there are plenty of buyers out there and one of them is bound to be interested in your home. In addition, you’ll save money on the listing agent’s commission and have more control over the way the home is priced and marketed.


One of the biggest problems FSBOs run into, however, is pricing the home appropriately. Without access to information about the comparable properties in your area, you could end up overpricing your home (causing it to languish on the market) or underpricing your home (leaving thousands of dollars on the table).2


Even during last year’s strong seller’s market, the median sales price for FSBOs was 10% less than the median price of homes sold with the help of a real estate agent.1 And during a more balanced market, like the one we experienced in 2018, FSBO homes sold for 24% (or $60,000) less than agent-represented properties.3 This suggests that, while you may think that you’ll price and market your home more effectively yourself, in fact you may end up losing far more than the amount you would pay for an agent’s assistance.


Without the services of a real estate professional, it will be up to you to get people in the door. You’ll need to gather information for the online listing and put together the kind of marketing that today’s buyers expect to see. This includes bringing in a professional photographer, writing the listing description, and designing marketing collateral like flyers and mailers—or hiring a writer and graphic designer to do so.


Once someone is interested, you’ll need to offer virtual showings and develop a COVID safety protocol. You’ll then need to schedule an in-person showing (or in some cases, two or three) for each potential buyer. In addition, you’ll be on your own when evaluating offers and determining their financial viability. You’ll need to thoroughly understand all legal contracts and contingencies and discuss terms, including those regarding the home inspection and closing process. 


While you’re doing all of this work, it’s likely that you’ll still need to pay the buyer agent’s commission. So be sure to weigh your potential savings against the significant risk and effort involved. 


If you choose to work with a listing agent, you’ll save significant time and effort while minimizing your personal risk and liability. And the increased profits realized through a more effective marketing and negotiation strategy could more than make up for the cost of your agent’s commission.


iBuyer

iBuyers have been on the Canadian real estate scene since around 2018, providing sellers with the option of a direct purchase from a real estate company rather than a traditional direct-to-consumer sales process.4 iBuyer companies tout their convenience and speed, with a reliable, streamlined process that may be attractive to some sellers.


The idea is that instead of listing the home on the open market, the homeowner completes an online form with information about the property’s location and features, then waits for an offer from the company. The iBuyer is looking for a home in good condition that’s located in a good neighbourhood—one that’s easy to flip and falls within the company’s algorithm.


For sellers who are more focused on speed and convenience, an iBuyer may offer an attractive alternative to a traditional real estate sale. That’s because iBuyers evaluate a property quickly and make an upfront offer without requesting repairs or other accommodations. 


However, sellers will pay for that convenience with, generally, a far lower sale price than the market will provide as well as fees that can add up to as much or more than a traditional real estate agent’s commission.4 According to a study conducted by MarketWatch, iBuyers netted, on average, 11% less than a traditional sale when both the lower price and fees are considered.5 Other studies found some iBuyers charging as much as 15% in fees and associated costs, far more than you’ll pay for a real estate agent’s commission.6 


In a hot market, this can mean leaving tens of thousands of dollars on the table since you won’t be able to negotiate and you’ll lose out on rising home prices caused by low inventory and increased demand. In addition, iBuyers are demonstrably less reliable during times of economic uncertainty, as evidenced by the halt of operationsfor most iBuyer platforms in early 2020.6 As a seller, the last thing you want is to start down the road of iBuying only to find out that a corporate mandate is stopping your transaction in its tracks.


If you choose to work with a real estate agent, you can still explore iBuyers as an option. That way you can take advantage of the added convenience of a fast sale while still enjoying the protection and security of having a professional negotiating on your behalf.


BUYING YOUR HOME WITHOUT AN AGENT

According to the most recent statistics, 88% of home buyers use a real estate agent when conducting their home search.1 A buyer’s agent is with you every step of the way through the home buying process. From finding the perfect home to submitting a winning offer to navigating the inspection and closing processes, most homebuyers find their expertise and guidance invaluable. And the best part is that, because they are compensated through a commission paid by the homeowner at closing, most agents provide these services at no cost to you!


Still, you may be considering negotiating your home purchase directly with the seller or listing agent, especially if you are accustomed to deal-making as part of your job. And if you are familiar with the neighbourhood where you are searching, you may feel that there is no reason to get a buyer’s agent involved.


However, putting together a winning offer package can be challenging. This is especially true in a multiple-offer situation where you’ll be competing against buyers whose offers are carefully crafted to maximize their appeal. And the homebuying process can get emotional. A trusted agent can help you avoid overpaying for a property or glossing over “red flags” in your inspection. In addition, buyer agents offer a streamlined, professional process that listing agents may be more likely to recommend to their clients.


If you decide to forego an agent, you’ll have to write, submit, and negotiate a competitive offer all on your own. You’ll also need to schedule an inspection and negotiate repairs. You’ll be responsible for reviewing and preparing all necessary documents, and you will need to be in constant communication with the seller’s agent and your lender, inspector, appraiser, title company, and other related parties along the way.


Or, you could choose to work with a buyer’s agent whose commission is paid by the seller and costs you nothing out of pocket. In exchange, you’ll obtain fiduciary-level guidance on one of the most important financial transactions of your life. If you decide to go it alone, you’ll be playing fast and loose with what is, for most people, their most important and consequential financial decision. 


SO, IS A REAL ESTATE AGENT RIGHT FOR YOU?

It is important for you to understand your options and think through your preferences when considering whether or not to work with a real estate professional. If you are experienced in real estate transactions and legal contracts, comfortable negotiating under high-stakes circumstances, and have plenty of extra time on your hands, you may find that an iBuyer or FSBO sale works for you. 


However, if, like most people, you value expert guidance and would like an experienced professional to manage the process, you will probably experience far more peace of mind and security in working with a real estate agent or broker. 


A real estate agent’s comprehensive suite of services and expert negotiation skills can benefit buyers and sellers financially, as well. On average, sellers who utilize an agent walk away with more money than those who choose the FSBO or iBuyer route.3,5 And buyers pay nothing out of pocket for expert representation that can help them avoid expensive mistakes all along the way from contract to closing.


According to NAR’s profile, the vast majority of buyers (91%) and sellers (89%) are thrilled with their real estate professional’s representation and would recommend them to others.1 That’s why, in terms of time, money, and expertise, most buyers and sellers find the assistance of a real estate agent essential and invaluable.

QUESTIONS ABOUT BUYING OR SELLING? WE HAVE ANSWERS

The best way to find out whether you need a real estate agent or broker is to speak with one. We’re here to help and to offer the insights you need to make better-informed decisions. Let’s talk about the value-added services we provide when we help you buy or sell in today’s competitive real estate landscape. Fill out the Online Contact Form to talk to one of our real estate agents.



Sources:

  1. National Association of REALTORS - https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers
  2. Washington Post - https://www.washingtonpost.com/business/2020/12/09/factors-consider-when-determining-whether-use-an-agent-buy-or-sell-home/
  3. National Association of REALTORS - https://www.nar.realtor/blogs/economists-outlook/selling-your-home-solo-to-save-money-you-ll-actually-make-less-than-you-think
  4. CBC - https://www.cbc.ca/news/business/canadian-startup-properly-offers-new-way-of-buying-and-selling-homes-in-calgary-1.5032771
  5. MarketWatch -https://www.marketwatch.com/story/selling-your-home-to-an-ibuyer-could-cost-you-thousands-heres-why-2019-06-11
  6. Forbes - https://www.forbes.com/sites/nataliakarayaneva/2020/03/19/billion-dollar-real-estate-businesses-ibuyer-suspended/?sh=c7f59f921747
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