Welcome Home with Monique

Kevin Krall 0:00
The content of this program is paid for by Monique Buchanan LLC. The content of this program does not reflect the views or opinions of 91.5 Jazz and more. Or the University of Nevada Las Vegas. You see me

Unknown Speaker 0:25
good morning. This is Monique Buchanan, the host of the welcome home with Monique show. And on this show, I talk all things real estate. Listen, I want to thank you for tuning in. Well, happy Saturday, Las Vegas. It's Monique Buchanan, your real tour brand in real estate. So my new slogan you guys think I should roll with that? No, no. Anyways, listen, I was previewing some beautiful brand new homes this week with some clients and I had to go ahead and mention one that just really really stood out you guys. You know, being a realtor for so many years. I see tons and tons of homes. This was the most unique floorplan I think I've ever ever seen. It was amazing. Starting price was around 680 It's in the beautiful Henderson area. The home itself was about 3000 square feet but what made it so unique You guys I don't know. When you knock on the first door right and I'm saying this and you'll get it later when I'm saying the first door. So you knock on the first door right? You open it and you go into like a beautiful covered courtyard. But it's like a courtyard where you have like a kitchen and you can entertain and it's completely outside. Inside kind of area. If that makes sense. Like there's a covered area but it's also also has the patio, the outside patio there too. So you're cooking you're entertaining. You know if you don't want to cook something that's really smelly, like a garlicky dish like I love you can go outside and cook it and it's like all covered like a covered living room outside. I don't know how to explain it. I just have to show it to you guys. So anyways, I was showing one of my clients and she just fell in love with it. So a friend of hers was from Dominican Republic. She said this is beautiful. Monique, this is how we live over there. We cook outside. You know we have parties we entertain and I have never seen a home like this. But what I was thinking when I knocked on the door and seeing the property was wow this is amazing because for me I'm thinking of security. I've got two little girls and I'm thinking wow, the front door is not really the front door like they have to make it past this first front door to get to my true front door which is you know beyond this door. Sounds like Orion. But seriously it was an amazing, amazing floorplan and when he walked in there were like, you know the beautiful wood beams throughout vaulted ceilings. They had the pool. Oh it was breathtaking waterfall. island it was gorgeous chefs, you know, chefs pantry, it was everything you guys everything you walk upstairs is a gorgeous loft. completely separate from the primary bedroom was the other two bedrooms which are huge and each had walk in closets. One had its own, you know, full bath. There was a full bath and a full bedroom downstairs as well. Like it covered and checked all of the boxes. The kitchen was just I don't even have words it was completely just every single piece was gorgeous, gorgeous. The countertop, like I said was waterfall. You've got the beautiful chef's kitchen, completely open to the living room that had the vaulted ceilings and then they had a patio door that we had took you out to the pool. I mean every single box was checked. And the the area is gorgeous. It was Henderson of course Beautiful, beautiful. Not too far from the Raiders practice stadiums like it's just gorgeous or arena. I don't know what you call that thing anyways, where they practice shots out to my Raiders. So listen, I have been previewing a lot of brand new homes, because you guys have heard me say over and over again. Listen, there is a serious shortage on resale properties here in Nevada and not even just Vegas, definitely in Vegas. But in Nevada, we have a serious shortage of resale homes. So what I've been doing is getting out there seeing what's available from my builders, seeing what inventory they have seeing if they have waiting list, seeing exactly where those model homes are located. So that I'll you know know exactly how to get there and take my clients because it's not easy when you go on the website. A lot of times you're looking at old prices because our market is so hot. They have been like raising their prices at least once a month but in many cases once a week because they you know they've got plenty of buy Here's so they're raising their prices accordingly. And also they're doing lotteries. They're doing waiting lists. So I'm taking the time to do my due diligence, go out there and figure out. Okay, Mr. Builder, what is your process? What incentives are you giving now? Because you guys, a lot of the builders have cut way back on incentives. Okay. So that's something else you need to know. Listen, I always tell you guys, it is literally zero free for buyer representation from me and my team to take you out there and look at a brand new home and represent you from the very start to the finish. Okay, so there's no need to go out on your own. That's like when you go to court if you don't have money for a lawyer, and they tell you, Hey, we have a public defender for you. And you say, You know what, no, I just want to represent myself. Well, you look crazy. To me, but really, you guys know, I talk to you guys. Just like as if I'm talking to my cousin sitting in front of me. That's who I am you guys. And when you call me, that's exactly how I'm going to talk to you like family. That's just me. I guess that's like my superpower drives my husband crazy. But that's who I am. I don't meet strangers. And I treat everybody as if they're like my family, until you show me that you're crazy.

Unknown Speaker 6:15
No, but seriously, you guys, it's zero cost to you. Why not have a professional go with you, represent you and make sure they have your best interests at heart? Sure you bought a house before? Well, I bought one before, you know, back 10 years ago, I went in there. And that's great. Good for you. Fine, you got lucky and got it, you know, got through it all and had no issues wonderful. But guess what, what about when an issue does arise? Because guess what that smiling face that you meet who I love my folks in the new home builds, you know, they're great. But they'll tell you there sales, we don't work for you. We don't represent you. We represent the builder. That's who our best you know, that's who we have in mind, the builder. Okay, so we don't have your best interests in mind. Just being honest. We have our builders best interests in mind that that's who we work for. So there's no need to have zero. You know, nobody by your side. In case something arises, you want to make sure you have somebody to stand with you. You don't want to stand by yourself, when an issue comes up on the largest purchase of your life. No, you want to have a company, a brokerage, your real tour me stand right there with you and say, Hey, no, this is not what was agreed to. Here's the contract. Here's what we agreed to. I made sure it was in the contract. Because guess what, guys? The contract is over, in many cases, 100 pages long. Are you looking through all that? 100 pages? Probably not. If you are great. But still, you need somebody to stand next to you and say no, this is not right. And I'm standing with her. And we're going to get it right, we're going to come to we're going to negotiate something and come to an agreement that makes everybody happy. Okay, that's all I'm saying. And it costs you nothing. Zero to have your realtor it was driving me crazy, guys, I'm sorry, if I'm like pounding it onto your, you know, because when I went there with my client, I'm looking around. And I'm just noticing all these people, they say that 85 to 90% of the people that go into these new home builds, they go without representation. And it just squeezes my heart. Like there's just no need that you guys, you know, even if you don't call me, which I don't know why you wouldn't, but if you don't call me, my goodness, call, pick up the phone, text and agent, there'll be right out there with you. Because it just doesn't make any sense for you to just not be represented and say, Hey, listen, you're not going to cost me a penny right now. And guess what guys, the builder already assumes you're gonna walk in the door with a realtor and they already put it in their figures to pay your realtor. So you're really not going to save money. If you're thinking oh, if I go by myself and you know go to court without any lawyer, I'm going to save some maybe you know No, you're not going to just like your public defender you're not going to save money by representing yourself in court. But your chances of getting out of whatever it is you did is just went down tremendously same thing you guys there's just no need. So I'm here my team is here. If you would like someone to come alongside you and represent you at that new home purchase and walk you through the entire purchase purchase process. We're gonna get this right one day guys. I would love to join you or one of my team members. So my number is 702984 3700. Again 702-984-3700 My website you can also reach me there via email on the website or you can just directly message me on the website. That is www. Welcome home with monique.com www welcome home with monique.com You can Google me at welcome home with Monique. I will come up if you're a social media person you can always put in Monique Buchanan on Facebook, you'll find me or Instagram is at realtor, Monique Buchanan and I will be your friend I promise. So listen, if this is not for you, you're like you don't know already. Oh my home. Great. You know somebody that's been talking about purchasing. Maybe they've been having a hard time finding something. I am there girl, I'm telling you, I can find the properties and get them into a home before it's too late. Because this market is just crazy. Inventory is crazy low. I'm doing my due diligence on the brand new home builds. I've got a lot of connections with the home builders. They're you know, they're letting me know when they have clients that are falling out of escrow with them. They're letting me know Hey, Monique, we have standing inventory, which is like finding a unicorn in this market. But um, I have been having the unicorns knock on my door and let me know. We're here. We're going to be ready for your clients move in. In May. I've got one right now that she said, Hey, Monique, fill out escrow. Let your clients know. I'll give them the first shot at it. Great. Sounds wonderful. I'll get them out there. So anyways, if you have been thinking about purchasing a brand new property, a new construction property, I can definitely help you through that process. Get you out there and show you the models. Especially that one model I was just telling you guys about when I first started the show, it was breathtaking. It was gorgeous. Because it had like an outdoor indoor, covered patio where you could cook and everything and entertain. I just seen like all kinds of birthday parties happening there. It was amazing. I love it. I love it. Love it. Love it. Anyways, that property was going for like I said, the purchase price I believe started at around 650 and goes up from there. I also went to one of my favorite luxury builds was you guys, they have a wonderful multigene. Now if you don't know what a multigene is, it is one of my favorite, favorite homes, it has the basically like a one bedroom apartment attached to your home. So just imagine it you're walking through your house, you walk down your hall, you've got the one bedroom, one guest bedroom in the hall. And then you've got the door to the you know, third guest bedroom in the hall. But when you open that bedroom up, you walk into the bedroom, and it has another door in the bedroom. And when you open that door up, it goes into a one bedroom apartment, you've got a living room, you've got a kitchen, and you have a bathroom, full bathroom, and it has its own door outside. So what a lot of people are doing you guys, they're simply taking that multigene and having that rent, pay their mortgage. So just think about it, you've got your entire home. Let's say that you like for instance, this multigene it is going for I think 500,000 500,000 Yes, it's going for 500,000. So on average, I think that that mortgage is probably going to be around $2,800 to maybe $3,200. Well, they're renting out that one bedroom and I'm doing quotes you can't see me but I'm doing quotes, one bedroom, apartment, they're renting that out, you know, for like 1500, well, that's half their mortgage, they've got that rented out is taken care of half and now they have this big beautiful home that's making crazy equity. Okay, they can turn around and sell that home in the future for tons more and half of their mortgage was paid by a renter, that they never have to see because they have their own entrance to the to their one bedroom apartment. So you're never going to have to really see these people, they have their own kitchen, their own bathroom, and their own bedroom. And they are living their best life on the side of your house

Unknown Speaker 13:54
in a multigene. So that's an amazing opportunity that you could talk to me about, I'd love to go over it with you give you some more options. You know, by the way, guys, my my grant programs, you can totally buy brand new home constructions with them. You can once again let me go over that one more time. You can utilize my grant options, my zero down, zero down out of your pocket grant options. You can use them to buy brand new property. Your FHA limit is 420,680 Basically, and if you were to do conventional, your limits here in Clark County, are $6,447. Okay, so those are your limits. All right. So you can utilize the grant programs that I offer to purchase brand new homes as well. So now that we're going to go ahead and segue on over to some other options for you like I was discussing the grants. Listen, I have a nationwide grant. So I if you're hearing me and you have family in other states, listen, if you know that You want to buy a home? You know, I have the answer for them with a grant if they don't have any savings, maybe COVID Hit them pretty hard. You know, we all is life. That's what we have it some of us are not able to save as fast as before, because the rent has went up, they've hiked the rent, at least here in Vegas, almost 30% in one year, my neighbor $700, they went up $700 They went up on her rent you guys. So it's kind of hard to save, when your rent is going up, up, up and up. And since we're, you know, let's talk about the grants in a second, let me get on this rant real quick. The grants are amazing. They're they're around, they're nationwide. But there's something that you need to know, it's almost easier to get approved for a home loan right now than to rent. It's crazy out there. They want over a 680 credit score. They want you to show three times the rent in most cases. It's just crazy. Okay, so another thing I get these calls probably four or five times a week, you guys no lie. I even just had a family member call me. Monique, the owner is listing their property? Well, of course they are. It was only a matter of time. I have people that have been in their property. Like for instance, her actually, she has been in that property for 15 years renting. So don't think somehow because you've been this wonderful renter, which, that's awesome. And you've been there for 20 years, and you feel like you have this, you know, connection with the landlord. Well guess what money always can rattle a connection. And that landlord is thinking to herself, well, my goodness, I've been listening to Monique show, and I can get top dollar for my property right now. We're all going to do what's best for us, including your landlord. So if it's best for his family, that he go ahead and sell that property for a top value right now. Okay, let me list his house, sell the property. Unfortunately, you because you're a renter, he's going to give you a 30 day notice. And if it's in your lease that he can do so or if your month to month. You have to, you know, yeah, start looking for a place to go. And it's rough out here right now, you guys. So with that being said, it's just easier right now, you need a 600 credit score for my nationwide grant. That's it you guys 600 credit score two years on the job? Have you been working two years? Fine. If you've just switched jobs, that's fine, is it's kind of in the same line of work, great. We can't be you know, working in a warehouse and then decide that we want to become a hairdresser. Well, then that starts the clock back over for the two years. So if it's not, you know, customer service, customer service, then you know, or something along those lines where admin admin, you know, then yes, that clock has got to start over, unfortunately. So if you're thinking about purchasing, and you're thinking about changing jobs, you might want to wait, wait a couple months, so you can go ahead and get your purchase done first, and then switch the job, because you don't want to start that two year clock over. Okay? So you've got the grant that will take care of all of your downpayment, and half of your closing cost. And for my new listeners, I always break this down for you guys, because that's what my superpower is, is communicating. My superpower is I love to talk, I love to explain things to you. I like to make sure that you are in the know, because I've been on the other side where I didn't exactly know what was going on. I want to make the right decisions for my family. But I was kind of like in the dark and was totally relying on my real tour. And unfortunately, my realtor wasn't quite as Gabby as me. And Lord knows I'm Gabby so anyways, so the thing is you pay 3% On average for your closing cost. So whatever that purchase price is 200,000 You're going to times that by 3%. That's your closing costs Monique, what's closing costs, that's all of the fees that are accumulated throughout the process. People that touch your deal, your lender, your title company, sometimes a brokerage if you don't use me has a fee. Okay, so a lot of the brokerages will charge you what's called a transaction fee. Okay? So you'll have all those wrapped up and that's your closing costs typically about 3%. Now, if you're paying your own downpayment, you're like you know what, Monique, I've got pretty good credit my credits over 680 I want to go ahead and pay all my own downpayment and pay my own closing cost, then that's going to be the downpayment. If you're a first time homebuyer which just means you have been renting for three years. If you have been renting for three years, guess what guys? You are a first time homebuyer that qualifies you to put down only three and a half percent. Okay, so that's the beauty of being a first time homebuyer. So now you're going to take that same purchase price because I know you guys have been scrolling and looking on Zillow at all these beautiful homes and then looking at that made up little, this is what your mortgage will be. Well guess what? No sir, it will not be that. It'll be that beautiful price. If you have an 800 credit score and less You're putting 20% down, which hardly anybody is doing. But if you're doing kudos to you, great, call me, let's work something out. But seriously, that little number that you see on Zillow, that is like with the the best, you know, the best of the best.

Unknown Speaker 20:15
You've got 20% down, you've got stellar credit, that's when you see that number. So realistically, that won't be what you're gonna get. Because if you don't put 20% down, you get called, you get something else added onto your payment called mortgage insurance premium MIP. And that's going to be, it could be all the way up to $200 Extra out the gate. So please don't go off that that number when you're, you know, looking on Zillow. So we've got 3% for your closing cost, and another 3.5% for your down. So whatever your purchase price is just times that by 6.5%. That'll tell you how much you're going to end up putting out you're getting out of your pocket, if you decide to just go ahead and pay everything yourself, which is a great idea if you have decent credit, because in the long run, you're gonna save a ton you guys a ton, I tell my people, if you have no other route, if you have no savings, or if your credits not that great, but it's over 600 You do not want to miss out on home ownership, take advantage of my grant programs, zero down half of your closing cost. Okay, that's going to leave you with a little out of your own pocket. And if you're just tuning in, my number is 70298437007029843700. My name is Monique Buchanan, you can Google me and find me. You can go on Instagram at Monique Buchanan or you can even YouTube me jump on Spotify. Look up welcome home with Monique and you'll find me there as well. I'm very easy to find. Alright guys, so let's jump back into it. So we were just talking about the grant programs. It's nationwide. So if you're listening to me, but you have family in Seattle, you have family in Texas, wherever you have family, you can also share my information with them. And I can also assist them as well no matter what state they're in here in the Great America. All right. So listen, it covers your entire once again, entire downpayment and half of your closing costs, you have very little out of your pocket, you only need a 600 credit score or higher. So here's another option. There is a lease to own program in his it's really good. That's you know, it goes all the way down to 580 credit score, you have to make at least $40,000 gross income. Okay. You cannot have any evictions on your, you know history. You cannot be a sex offender. You can have no chapter seven or chapter 13 is okay, but no chapter sevens. All right, and what these folks do for you is just amazing. Okay, let's just say that maybe you just moved to Vegas, Welcome to Las Vegas, first of all, and you're just not quite sure if you want to live in our beautiful city. Well, this is a great option for you. Because what it allows you to do is go ahead and take advantage of the you know, the market now, go ahead and purchase a home, they'll purchase it on your behalf all cash, which means a great deal right now because all these investors according to Las Vegas, from California and everywhere else, and they're purchasing with cash. So for just you know, normal family, folks, it's hard to go up against cash. But when you have, you know, this company purchasing on your behalf in cash, you can contend, okay, so here's the thing, you can go ahead and um, lock in your rent, because what's going to happen is you're going to rent it, you can rent it for up to five years, at any time you can purchase it, they agree to a purchase price, okay? At the day that you purchase it, they tell you okay, this is what your purchase price is going to be. That not that price is not going to change. So in five years, if it goes up $50,000 Now you're all worried Nope, you're gonna get it for would you agree? Now if you decide after a year or even after, you know, after a year if you decide, hey, I don't really like the house like I thought I did. I don't want to purchase this house. You don't have to. Okay, you don't have to purchase you're not locked in. Now you are locked into your one year lease. But hey, you're not you don't have to purchase. What's cool is you get to go out with me and search the properties that are for sale. Pick the home just like you're a normal buyer like any of my other buyers and purchase the home. But you're not locked into it. You get to kind of like test it out. You get to test Las Vegas out. Well, you know what, I really thought this neighborhood was nice, but you know what? It's not giving me the vibes that I need. Okay, well guess what you're not locked in. That's okay. No problem. So it's just an amazing program, you guys. They're giving you so much benefit. Like I said, you can choose to stay up to five years in the property if you want. You don't have to. What happens is every year your your lease will renew automatically unless you tell them that you Do not want to renew the lease. And guess what your rent will never go up $700 The most it will go up is like 5.5%. That's their top, it typically goes up 3.5 to 5.5% per year. So if nothing else, guys, at least you know, you and your family have a for sure place to stay. Okay, without crazy rental, you know prices going up on you. And you know having to move your whole family out within 30 days because the seller decides to sell. None of this will happen for you with my lease to own option. Okay, so I've got grant programs, I've got the lease to own program. I'm trying to get you into home ownership any way I possibly can. I want you to lock in today's price, okay, because like that Joe said, today's price is not yesterday's price. And it's so true. You know, these, I gotta stay off Instagram, you guys. But it's so true. Today's price is not yesterday's price. So you know, I love all my folks out there that bought 20 years ago. And they're like, you know, yeah, you got to negotiate some closing costs. I just kind of chuckle because they're right, they were able to do that when they bought, but markets changed just like the stock market. We're not in a market where you're able to negotiate closing costs right now, guys, because guess what? Why would I negotiate closing costs, and say, as a seller, I'm going to pay your closing costs, when I've got 10 buyers behind you that are willing to go over what I'm asking, it doesn't make sense. But that's the market that we're in. So just be aware. So when your realtor tells you, Well, sir, we're not in a market where that's gonna really happen, we can try it. But once you once they even see it, they're just gonna throw your offer in the trash, I'm telling you, so I'm just helping my fellow realtors out there. I've got your guys's back, because it's rough it but it's the truth. You know, sometimes you just have to give it to your clients straight. And sometimes you just have to let them see for themselves. But that's where it's at. So you heard it from Monique, it's rough out there. For my buyers, the seller definitely has the upper hand because there's very little inventory. So we all know, like with anything, if there's little inventory, whoever's got, you know, got it, they've got the upper hand, that's just where we're at, guys. So listen, that's a great option for I don't know, you know, anybody that you know, that's looking to purchase that maybe they've been looking for, I don't know, six months, and they have just not been able to go ahead and secure a property. That's something that they can do. And the reason I say that is because now they're not just by themselves trying to purchase with a loan, they're purchasing with cash, because this company is going to stand beside them and purchase on their behalf with cash. So that's a great option. If you want more information about that you can text me lease to own at 702-984-3700. Once again, you can text me lease to own pet 702-984-3700. Um, another thing guys real quick, it's getting hot. And I have got a solar company that is giving my listeners a discount of 300 to $500. And if you want to put solar on your property, make sure to text me also at 984 3700. And I can get that discount for you. Once again, just text solar 29843700. Because let me tell you, my solar has saved me a ton of money. I don't know if you guys have heard my story, I moved into my 2300 square foot home, I didn't think it was going to be that much more on my power bill. Well, my power bill in the summer was like $450 and I keep it on 73. Anyways, when I got my solar my my power bill now is 130 bucks, period. Like I'm so happy with my solar. So that's why if something's working for me, I always share it with you guys. So if you want what I call the hookup or a discount on getting solar because I know a lot of you are thinking about getting solar, you can go ahead and text me at 70298437007029843700 I will share that discount code and link with you. Okay, last but not least my sellers, my people that have been thinking about selling that property. I am once again running a listing discount special, so I'm discounting it, we need listings out there. So what I'm willing to do is save you 1000s of dollars and list your home for less. So if you've been thinking about listing your property lists with your friend, Monique Buchanan, I will list your property for you get my team out there, get it listed, get it sold for top dollar and get it done and have you on your way to a new home or whatever you feel like doing or just to the bank. So anyways, I'll save you 1000s of dollars. Go ahead and text me List 702-984-3700 List 702-984-3700 or you can contact me welcome home with monique.com or at realtor Monique Buchanan on Instagram. Or you could just be my friend on Facebook Monique Buchanan.

Unknown Speaker 30:14
Okay guys, I want I wish you a great weekend. I can't talk. I'm just ready to go get out in the sun. Enjoy your Saturday. Love y'all and until I hear from you

Unknown Speaker 30:35
thank you for listening. This is Monique Buchanan. My license number is S 1788 46 and I am part of EXP Realty Tune in next week.

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