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, the host of the welcome home with Monique show. And first and foremost, I just want to give a shout out to all my que UMB listeners and say thank you so much just for tuning in. And thank you so much for referring me, your friends and family you know, that does not go unnoticed. Sometimes I have the pleasure of meeting you guys in the grocery store or, and you guys always seem to tell me hey, Monique, we really appreciate your show is giving valuable information to the community. And you know, we love sharing it with our family and friends. So I just want to say thank you so much, it makes me feel warm and fuzzy to think that the true mission that I started, this radio show is actually being accomplished, which was to help my community understand the grant program, just just the market itself, but also the programs that are out there to assist those that need it so that they can become home owners. Okay, so thank you so much. I just want to give a quick shout out to all of you. And um, let you know that I really do appreciate you guys. Thank you so much. So let's go ahead and jump into the show. Today is going to be all about my buyers, you guys, I've got to focus on my buyers right now. Because for the first time in my career, I am seeing a very sweet spot for my buyers. The market is obviously correcting itself. I'm sure you watch the news, prices are coming down. Of course, of course they are I should say. Because listings are sitting a bit longer now, obviously, because the feds are raising these rates pretty fast. Actually, they I believe my lenders say that with about a 680 credit score, you're sitting at around a 6.125 or six and a quarter for FHA 6.6875 for conventional and obviously rates go up and down every day. So you know, don't bank on that. That was just what was given to me today. But isn't that crazy? That just in January, if you had that same credit score, you could get, you know, high two, possibly 3% rate. So they're really trying to correct this inflation. Now, what's that? What is that doing for my buyers? Anyone that's been thinking about purchasing? I implore you, this is the best time I have seen for a buyer to purchase. Well, Monique, the rates are high. Well, yeah, the rates have went up now are they high considering that, you know, back in 2009, they were 13%. You know, they're also starting to correct their selves. But I'll tell you what, the prices have come down, okay, they're starting to correct themselves, they're no longer crazy, crazy prices, you know, and people just paying them because supply and demand is there and it still is there. So the prices are coming down a bit, the rates are just a bit high, but they're people are are the builders and the lenders are coming up with creative ways for the buyer to maybe buy them some time to see if the prices of the rates will come down. So we'll get into that. So that's why I say it's a great time to buy because there's creative financing out there to help you secure a loan, even at the current rate but also at a lower rate over a period of time, maybe three years to see if the rates are going to come down at that point you could go ahead and refi I feel like I'm getting ahead of myself buyers you can go ahead and secure a great price today. And then I have the ability to negotiate even closing costs Okay, which I have not been able to negotiate and actually get I should say and like seven years. So right now I've got some clients I want to give shots out to real quick not to get off the subject. But I have one of my buyers previous buyers call me heard one of my shows just a while back and said Monique, you're absolutely right. You know I bought what my first property with you and I bought two investment properties with you and now I want to buy a multi unit and that's what we just did. We just went into escrow yesterday. Congratulations. I was able to get his closing cost completely paid. Okay. So that was like I believe around 11 grand, completely from the seller. I was able to get the closing costs paid and I got him a $600 home warranty included in the deal. That is something I have not been able to do you guys in years. So buyers, it is the time maybe you don't have a lot of savings. This is the perfect time, you're going to be able to get a sweetheart deal. I'm able to negotiate, you know what I'm doing right now? Let's say my buyers approved for, I don't know 400,000 Let's just say that. Okay, I am sending them properties at 430,000 Why am I doing that, because I'm going to negotiate that price down for them. I have the ability right now to negotiate. So maybe they're not willing to come down on their price, they will give you the closing cost in most cases, which that is a huge chunk for you as well. So hey, you're gonna get something out of the sellers if you have the right realtor that knows how to negotiate right now in this market. And that is what I've been doing for my buyers and we are getting sweetheart deals right now you guys. So please buyers buyers buyers. If you are renting and thinking about purchasing, remember, you only have to be renting for three years to be considered a first time homebuyer. Now, do you have to be a first time homebuyer to call me? No you do not. I help with investment properties. Like I just said we I just wanted to ask her what the multi unit

Unknown Speaker 6:04
and you know I will help you and guide you on whatever your real estate needs are. And if you're just tuning in, this is Monique Buchanan, the host of the welcome home with Monique show, you can tune in to this show every Saturday 8am Or you can jump on my IG realtor Monique Buchanan. I also have YouTube welcome home with Monique where you can check out previous episodes of this show. Alright guys, so let's jump back into it I'm talking about right now is a time to strike for my buyers. I don't know how long this is going to last. What I'm telling my buyers is marry the house and date the rate okay, shots out to Josh, my lender, he told me that the other day, he said, you know, buyers have to understand they just need to marry the house and date the rate because right now they're getting sweetheart deals on the price. And the rate is a tad high, but it may come down. So that's what I'm saying. Go ahead and purchase. If you are in a position now that you're able to purchase, I would say strike now, let me get you that sweetheart deal negotiating the price for you. Because it's doable right now. Okay, it's happening all across the valley. You know, so let me get you a sweetheart deal when it comes to the price. And then when the rates come down, you can refinance out of that rate, and take advantage. Okay, so you know, there it is, you guys, let's talk about these builders, these builders are giving out some incentives. I have a lot of relationships with the Builders here in the Las Vegas Valley. You guys have heard, when I've had them actually come on the show. I've had the new home construction builders come on the show to talk about their product. So that builds a great relationship with my new home builders here in the valley. They reach out to me and give me all the sweetheart deals that they have, first and foremost, because they want me to mention them here on the show, of course, right and hook up my k u and v listeners. So if you have been looking for a property a brand new home build, Boy, I tell you, one of the builders is giving such a sweetheart deal. I said, Wait a minute, give it to me, send me the list. And I will allow my K you and B listeners to obtain that list. If they want to buy texting new home all together, you guys no spaces. My system won't work if you put a space so it's just new home. And I can send over that list that I'm about to actually rattle off a couple of the deals that they're having to unit right now. But if you want to see the entire list, which covers the entire valley, you know, Henderson, Northwest southwest, all the entire valley all the quick move ins that they have. Okay, what does that mean? Typically, that means you're going to move in to your brand spanking new home new construction in under 60 days, okay, so they also are giving some incentives. So let's just jump into that really quick. Alrighty, so this new home builder, they're doing some things over there, let me tell you, they're giving the Washer Dryer, Refrigerator and blinds. Remember buyers, I told you I can get you a sweetheart deal. So they're giving away washer dryer refrigerator blinds, they're also giving $2,500 towards the design center. So it's like that fun day that we go to pick out all the you know, the stair rail, maybe you want a fancy one, or a different flooring, you can do that. They're also giving you 3% towards your closing cost. Okay, that is one of the incentives that they are giving you. So once again, you only have to come in with a 3.5% down. Or if you want to put 20% down and avoid that extra, you know, payment of $200 or more which is your insurance. You can do that as well. But they're giving away washer dryer refrigerator blinds, that's all included in your purchase $2,500 towards your options and the builder is actually going to pay for a program that will have your rate lowered for the first three years. It's called the three to one program. This puts ticular builders doing it across the valley, so it's not in one specific area. And like I said, we're just going to use for 35 as a purchase price just to give you an idea. Okay, so year one, the way this looks like is year one, they're gonna lock you in at a rate of 3.25. That means for the very first year that you own their brand new home, your payment will be around $1,800. Okay, year two, that payment is going to go up to $2,100, because the rates gonna go up to 4.25. Year three, it goes up one more time to 5.25, your payment will be around $2,400. Now, year four through 30. So for the rest of the 27 years, it will be at the locked rate of the 6.25 or whatever your rate is, when you decide to purchase, okay, I'm just using this as an example. Basically, you're going to whatever your rate is, you're going to minus three points off of that for 123, it goes up. So you'll be locked in for 27 years at the 6.25 and that payments $2,600. Okay, but what it does guys is it gives you three years to kind of wait this market out and see what's going to happen. So within those three years, if the rates come all the way down again to three or 4%, or whatever, you can refinance out of that loan, and go ahead and lock in that lower rate. But if it does not at least you and it goes up to 10% or 12% At least you locked in the current rate today of 6.25. And not to mention you're going to you know save a ton of money by not having to pay the full 6.25 The entire year, you know years of your loan, only the first you know, you only have to pay that 6.25 27 years versus the 30 years. So it is it is fixed. It is a fixed rate mortgage after year four. Okay, so no more funny business after year four, it stops there is basically just giving you a little break for that for year one through three, if that makes any sense. And normally you guys that would cost you around 16,000 on this purchase price to pay for that yourself while the builder is paying for you to be able to take advantage of that because they want you to be comfortable in their in their, you know, in their. The purchase the property, you know, they want you to feel comfortable, and they're giving you that that means to wait out and see what's gonna happen with the rates. Okay, so I think that's amazing. Now let me talk to you a little bit about some of the quick movements that they have. Okay, like I said, they're all across the valley. I'm just gonna rattle off a couple Okay, in the southwest area, they have a ranch style just mean single storey 2100 square foot home, four bedroom, three bath, excuse me, and that one is going out the door price $639,950. So that's the out the door price, no more funny business. That's the out the door price with all the upgrades already included. Okay. Now your northwest area, I'm just rattling off the four bedrooms. Of course, they do have three bedrooms as well. But like I said, if you are interested in this list of all the properties, and there has to be at least about 50 of them that you can look at across the valley. You can text new home all together, no spaces, new home, text that to 702-984-3700 you can text that to 702-984-3700. Okay, so let's jump back into the properties. The northwest area, they have a ranch dollars. Well, single story, a little over 2000 square feet. It's a four bedroom, two bath and all of these have two car garages. Okay, that quick move in is going for around $545,000 out the door. Okay, now they've got another one in Henderson of course I've got a bunch you guys. I'm just saying I'm just rattling off a couple. But there's there has to be at least about 15 in each part of the valley. I'm even going to tell you one that's in Mesquite. Okay, but Henderson area, you have a two story. It's a little over 2300 square feet. It's a four bedroom, three bath, two car garage. That one is going for just under 550,000 out the door price, guys. All the upgrades are included. And let me tell you, they are included. You don't have to be nickeled and dimed. And you can move into these properties typically, in under 60 days. These are brand new spanking homes. That is where my heart lies. I love brand new bills. You know why I love them, you guys. They're energy efficient, you know? So that's one of my main things. I look and talk to my clients after they've moved in. And they're always bragging to me about how little they pay. As far as energy goes, you have to realize the homes come with LED lighting now, you know, they have you know, their roofs are energy efficient. They have the insulation that's energy efficient. Even there appliances are energy efficient. So all of this plays a part in the money that you're going to save by, you know, buying brand new, not to mention, most of them have 10 year structural warranties. Okay? You also typically have what I call bumper to bumper warranty for one year. So basically, when I, you know, negotiate the property for you, you move in, if there's any issues, you know, if there's a crack in the ceiling, or any issues with the home at all, there's a website, you jump on, let them know they get out there and repair the issue for you, within the first year. So I like to always advise my clients, if you're purchasing a brand new property, right before that one year is up, I want you to go ahead and pay for an inspection, why not go have have an inspector come out, have him inspect the house a month before the one year is up, that way, you can have everything,

Unknown Speaker 15:53
you know, taken care of that, that maybe you didn't notice. And that way, the builder will take care of you. You know, within that one year, and after that structural and everything is covered for up to 10 years. So you know, the air conditioning units are brand new, everything is brand new. So the windows, the windows are energy efficient. So all of this plays a big part, and you saving money. But listen this list, you know, it's a great list, it was given to me directly by the builder. And this is exclusive list. So if you want access to this, or you know, I can take you out and take you on a tour, and that is free of charge you guys by the way. So whenever me or any of my team members take you out to look at the properties, tour the properties, it is free of charge, we do not charge you for that. So it does not make sense to ever go into a brand new home build without representation. There's no need for it. If you're just tuning in, this is Monique Buchanan. And this is the welcome home with Monique show, I'm just going over a couple of the valley's quick move ins by a luxury builder, none no less. So this luxury builder has sent me over an exclusive list of quick movements here in the Las Vegas Valley covering the southwest, Northwest Henderson and mosquito even, okay, so if you want access to this list of brand new home builds where you can move in, in under 60 days, okay, they're already they already have the upgrades in them for most parts, sometimes you're able to still pick cabinets and things like that out the door price, there are no lot premiums included. Okay, it's already been included. So these are sweetheart deals. And if you want access to that you can text 70298437007029843700 and we will send over the list for you to view. Okay, so once again, you guys, there's so many incentives becoming a home buyer. You know, home owner, I should say home buyer, a homeowner, okay, you have the tax incentive, you know, so at the end of the year, you're able to write off all the interest that you paid, or I shouldn't say all but a good portion of the interest that you have paid on your property. Okay, so there's just so many incentives, not to mention equity that you're you're gaining, okay, they're saying that the average American right now is sitting on at least 300,000 across the US in equity that purchased, okay, that's the average amount of equity that most homeowners are at least sitting on right now. So if you would have rented or if you did rent, you're not sitting on any equity. You know, we don't know what's going to happen. But now the people that do own they do at least have equity within their home, to sustain them during the, you know, tough times that may be coming, you know, so that's what I tell my renters you're buying somebody's house, whether it be your own, or your landlords you are currently buying. So with that being said, you guys rents are on the rise, there's really,

Unknown Speaker 18:47
really no need for you not to want to, you know, maybe reach out and see if you can get approved it's just a quick conversation over the phone. If you like, if you want to go meet the person, the lender, in person, you can do that as well. And I understand that, you know, but I'm just it doesn't hurt to try and see. And I love it. I'll tell you what, a lot of times people tell me all the time as I'm handing them keys. Monique, I didn't think I could do this. I didn't think that I could get approved. Do you know why? Because there's so many myths out there. There are so many myths. Oh you have to have 20 30% down to buy a house. That is not true. It is not true. That is just for investors or if you already own a property that is when you're required to put 20% down on the next property. Okay. Once again, if you have been renting for three years, you do not have to put that much down. You only need to come up with 3.5% down of the purchase price. You can take that out of your 401 K if you do not currently have any savings. And guess what when you take it out of your 401k they do not hit you on it they that's fine as long as it's for the you know, for you to purchase a property. You know, that's fine. It's not going to hurt When tax season comes, because as long as you specify that you're, you know, I purchased the home and you're able to show that you did, you can use your 401 K money for your down payment. There's ways guys, I have grant programs available for you that will take care of your downpayment. Yes, some grants do have income restrictions, but guess what, I have a downpayment assistance program that has no income limit, that can assist you with your down payment. You know, that's what it is, you have to have connections to people that know the resources, and that's why I do the show. Because I know the resources and ways to get you into home ownership. You know, even if, like I was telling you, there's even a program for my, my DACA my dreamers, my people that don't have social security numbers, you know, that are just here working on working visas, or maybe the you know, you know, they just don't have social security or they don't have to year's tax return. They're self employed. I even have a downpayment assistance for you. It's 100% financing, okay? You do not have to put 20% down, like most traditional loans require when you're in this situation, you do not have to, okay, you only have to pay your own closing cost, okay? That's amazing. Your credit score, if you work W if you have a W two you work, you know, you're employed by employer, then you only need a 580 credit score, if you're self employed, you only need a 620 credit score. Okay. So if you say but Monique, I have no FICO score at all, guess what they're able to use your your car insurance, your bills, you know, to go ahead and get you approved. So there's so many ways out there you guys to help you to become homeowners. And right now is the time to strike if you have even considered purchasing, and I just don't understand why why you wouldn't because, you know, I hate to beat a dead horse. But you just I hate to see it, you know, when you're renting, you're gaining zero, you're gaining nothing, nothing at all, no equity at all. You don't see a penny of that money back. You know, so think about purchasing a property right now, because the prices have come down. Okay. I don't know how long this is going to last? Because I'll tell you what, the moment the Feds lower those rates, my listings, and all my colleagues listings are gonna fly back off the shelf. And here we go again, with the craziness. Because guess what, guys, the demand is still there. The demand is still there. There's some people on the sidelines right now. Because for whatever reason, they can't purchase, or they feel like they can't purchase because they haven't called me and had a conversation and I tell them that they can.

Unknown Speaker 22:40
But seriously, the people on the sidelines, they're waiting, they're waiting, oh, they're waiting, their hands are rubbing together. And they're waiting, because maybe they can't afford that that rate right now. But if you're in a position where you say, You know what I can afford rate right now. And I do have the means to purchase. I'm telling you right now, you need to purchase, because I don't know how long this is going to last. And I'm telling you once again, when the Feds drop that rate, when they do drop the rate. You know, those those listings are flying off the shelf. And here we go again, with the you know, 20,000 over list price, and it's just going to be another frenzy again, okay. And here's the thing. Like I said, if you're in a position that you feel like you can buy the time is now my number is 70298437007029843700 Monique Buchanan, I'm here to assist you with the purchasing of your next property. Or if you need to list your property. I'm also here to help you with that as well. Okay, so let's jump on back into it. You guys, we talked a little bit about the brand new home builds, there are so many greats, you know, sweetheart deals out there with the brand new home builds right now. Everybody's getting creative. Like I said, they've got a program with that particular builder that I was talking about, where they're going to basically pay for you to have a lower rate, the year one, two and three. Okay, so they're buying you time to see what's going to happen with this market, making it comfortable for you as you live in the property for year one, two, and three to be a lower monthly payment. After year three, it goes to your regular rate, whatever that may be 6%, I believe is what's going on right now. And then you know, but at least if the rates do come down, within the three years, you're able to just go ahead refi out and take advantage of the lower rates but if they go up and continue to rise like they have been and maybe they go to 10% Guess what, you just you're still winning because you locked in the 6% rate that is today. All right. So I have all the information on that. If that interests you, or you want more information on that builder 70298437007029843700 You can text me new home, no spaces to get that list of the properties that they have. As far as quick move ins go okay. Alright guys, so let's jump on into it. Now I do have a couple of listings and they are over in Henderson I've got one over in the McDonald's Ranch area. All right, that one's going for 705 my seller is giving you $6,000 To buy down your rate if you want or closing costs. All right, if you're interested in that listing, you can text Ashley rose, no spaces, you will see pictures of the property and get all the information on it. I also have another property over in the northwest area. Adding on teh area it's going for 499 Both of these properties are ranch style homes by the way. The Ashley roses over 3000 square feet ranch style home it is a five bedroom you heard me right five bedroom. Okay, my Wichita Falls property in Eliana J going for 499. That is a four bedroom and is over 2000 square feet single storey. Okay, if you are interested in learning more about that property, you can text Wichita Falls all together no spaces, Wichita Falls, okay. And that that will prompt my system to send you the listing on that property with all the pictures and information as well. Now, there's another option for my listeners out there that say, Hey, Monique, you know what we just, we're not ready. We're not ready for whatever reason, you know, we'd like to try before we buy, well, guess what you guys have heard me talk about it in the past, it is still an option the lease to own option that I have, okay? Lease to Own. I love this, this company that's doing this, because let me tell you, they're giving you the today's price, and they're locking it for five years for you. You're not ever obligated to purchase the property. Although you will go out with me, just like my regular buyers and you will pick your property, you will look at the homes that are for sale. And you'll say this is the one I want to buy. And guess what they're going to buy it on your behalf all cash, okay, you are obligated to live in that property for only one year, just like with any other rental, okay. And guess what they are going to lock into lock in or show you I should say what your rental price will be. In other words, what your rent will be for up to five years, you're only obligated to live in it for one year. But if you choose to live in the house that you chose to purchase, or to rent, I should say but they're purchasing for you, you'll have your rent laid out year one, it's $2,000. Year two, it's 2100, year three, and so on and so forth. The same thing is what they're going to do, when it comes to purchasing, they're going to say, hey, you can purchase this property at any moment. So whenever you get maybe your credit up, or whatever it is that your challenges once you've conquered that challenge,

Unknown Speaker 27:46
you're able to purchase and this is what it's going to look like for you. We bought this property at 400,000. Okay, if you buy it year one, it's going to cost you 410,000. If you decide to buy it year two, it's going to cost you 420,000, and so on and so forth. So you're able to lock in your purchase price, as well as your rental, your monthly rental. Okay, so no going up. You know, after one year, you know how the landlords have been going up $500 on you know, that's not going to happen, the company does not do that. And guess what else they don't do? If they told you your five, it was going to cost you 450,000 To buy that property. But, you know, on the fifth year, your property is actually worth 700,000 Guess what, you just made a lot of money, okay? You just made a lot of money. So they're not going to change the price on you. That's why I like this company. If lease to own interest to you. You can text lease to own no spaces. And the information for that company will come right on over to you and you will be connected with me to represent you on that as well so we can get on out there after you've approved. You've been approved I should say and look for your new home. Okay, doesn't that sound great? Okay, guys, last thing I'm going to talk to you about is remember, you know, ever since I started this show, I've been talking to you guys about the condo hotels that you are legally allowed to Airbnb. We still have some for under 300,000. Okay, and let me tell you what they come with. They come with laundry service valet service, okay, spa gym. Listen, the ones that I'm talking about are connected to a casino and you heard my price, right? They even have some studios that are in the low to hundreds. All right. I've already sold a couple of them and I just loved them. They're less than three miles from the Raider stadium if you want information on that. You can text high rise, no spaces, text high rise, no spaces, and I will give you the information on those investment opportunities. Listen, I love you guys. Thank you again for listening to the welcome home with Monique show. You can check me out on YouTube give me a subscribe and a like I really appreciate it. Welcome home with Monique. My IG is at Monique Buchanan or I'm sorry I realtor Monique Buchanan. Love you guys. Thank you so much and have a great weekend. Thank you for listening. This is Monique Buchanan my license numbers S 1788 46 and I am part of EXP Realty. Tune in next week.

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