Welcome Home with Monique

Unknown Speaker 0:00
This is a k u and v studios original program. The content of this program does not reflect the views or opinions of 91.5 Jazz and more the University of Nevada Las Vegas or the Board of Regents of the Nevada System of Higher Education. You see me?

Unknown Speaker 0:27
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, hello, Las Vegas. It's Monique Buchanan, the host of the welcome home with Monique show. And I hope that you're off to an amazing start on this beautiful, beautiful Saturday morning. Listen, I've got a great show for you today. As always, last week, you guys heard my Texas REALTORS Come on. You guys are always hearing me talk about how listen, I can assist you, me and my team can assist you. Within all 50 states. Okay, not to mention my company is in 24 states or states countries. Okay, so I'm telling you right now I've been you know, I've had the pleasure of assisting clients, whether that be Florida, Georgia, Washington State, California. Heck, I've even helped expats move to Panama City, Panama. Okay, so a whole different country. We've got you covered. So today, I'm having none other than my Aunt Carol, who decided to list her property up there in Seattle, Washington. And she's going to be moving on down to our beautiful Las Vegas, Nevada. And I had one of my very esteemed team members, Mr. Dwayne, who helps all my clients in the Seattle area. Come on and list her property there. And I've got them on the show for you today. So welcome to the show, Duane.

Unknown Speaker 1:53
Thank you, Monique, for having me.

Unknown Speaker 1:55
Absolutely. And of course, welcome on Carol.

Unknown Speaker 1:58
Thank you, sweetheart. Okay, so

Unknown Speaker 2:00
if you guys hear Dwayne sounds like he's cooking in the background, and a little bit of echo, you have to give him a pass. And please forgive him because he is out there making things happen. In Mexico, he's actually handling some business and real estate business out there in Mexico. So we're gonna give him a little pass. And if he's cooking something good, we might beg a little letter. But let's, let's start with Aunt Carol. So I'm so happy that you decided to move to the beautiful Las Vegas not just because I'm going to be eating good now. But can you share with my listeners why you decided to move on Carol? Well,

Unknown Speaker 2:33
ever since I retired, my son lives here. And I just decided because the market shots out to market. I thought it I wanted to move closer. Right? And you guys the sun? I don't get enough sun in Washington. Right? So and I'm from the south, right? So all I can say is Las Vegas was gonna be my new home. Yes,

Unknown Speaker 2:57
yes. And it's a beautiful place to stay. And we get plenty of sun honey. Yes. So and also, you decided to list your house? Can you tell us like, you know, what the process has been? I know you've been working? Well. Let me do this. I think I'm jumping the gun. Let me let me pivot on over to to Dwayne, let's pivot on over to him real quick, Dwayne, how are you? Okay, so I introduced you to my Aunt Carol. All right. And can you tell us a little bit about her listing. And you know, how you assisted her? Well,

Unknown Speaker 3:35
when I first matter, walked into our home and just took a look and began to assess the home, its values, the things and as we sat down to create the strategy that we use to help our sellers get their homes ready for listing. So it was like, Oh, my God, it was a listing agents dream to to help her with this process. But in that process, she wants to literally sell over all our furniture with the home listed in everything, because it's already pretty much staged. And all we had to do was do a light, light decluttering and things of that nature gets the best pictures possible to present its value. And Miss Carol has been such an awesome gun lady to work with.

Unknown Speaker 4:21
Oh my goodness, pretty amazing. Thank you. And don't worry, you guys know whenever I have listings, I always say them, and I shot them out so that you guys can go take a sneak peek and be nosy nothing wrong with it. Oh, Carol, how was your experience with Dwayne?

Unknown Speaker 4:37
You know, it was very, very good. I when I met him, he reminded me so much of my son Yeah. And therefore we clicked right away. Right. And I knew he was a he seemed like a very experienced, well coordinated together person.

Unknown Speaker 4:57
And you know, what else about Dwayne I've known Dwayne a I'm, since I was 15 years old to be quite honest with you, so we go way back him in his beautiful wife, Miss Yolanda Mizuki. So that is something that I love to connect with my you know, people like that that I know are going to do my clients rights, and make sure that they're taking care. So I appreciate you speaking to that. And if you're just tuning in, what we were talking about is relocation whether that means you would need to list a property out of state you want to buy here in Las Vegas or anywhere within the 50 states or 24 countries. I have a team that that reaches that wide. So 702-984-3700 Again, that number is 702984 3700. Me and my team would love to assist you could check out my YouTube channel is welcome home with Monique or you can catch me on IG at realtor Monique Buchanan. Okay, let's jump on back because remember, Dwayne is in Mexico. So let's go ahead and let him you know, expand a bit on on what exactly he focuses on in real estate. What What services do you provide? And what made you get into real estate just run wild Dwayne?

Unknown Speaker 6:04
Well, me, thanks. Thanks again. And my apologies for my technical difficulties. Again, my name is Dwayne Aleksandra exp Realty, one among the team members down here in Seattle. I've been operating as a real estate investor for the past 20 years. I'm just passionate about real estate within itself. I love every aspect of it. And as a real estate agent, I've been operating for the past nine years, I just love being able to help people achieve their most probably sometimes their largest financial track transaction, right? And doesn't mean really well as my heart does well, to see someone purchasing their first home and transition to their next part of their life.

Unknown Speaker 6:53
Absolutely. Absolutely. You know, and that's why we work so well together. Because our heart is in this, this is not just a transaction, you know, you when you one day are laying on your dying bed, you're going to at least think Man, you know, I was a part of something so big for so many families. And it's a blessing. It's truly is. So now you do dip and dab a lot in the in the investment world. How does let me ask you this? How does your market look like up there in Seattle?

Unknown Speaker 7:22
Our market is extremely extremely. Were Seattle. I mean, so Seattle speaks a lot to the technology aspect of corporations that we have. So our market is always strong. In that sense, right? Certain areas of Seattle is kind of challenging, because of the low inventory. It makes all of our new buyers that are ready, it makes them have to compete for you know, some properties that when there's a lack of properties, which we're we're currently experiencing right now, right? It makes it a little bit difficult for our buyer's or seller's is a good position, because these properties can fly off the shelf. Right,

Unknown Speaker 8:03
right. So you guys have a right now would you say it's a buyer's market in the majority of Seattle areas or a seller's market a seller's market?

Unknown Speaker 8:13
seller's market, definitely on the outer line areas, because our Seattle market, the art of Seattle, is extremely, extremely strong. Right. And so it all depends on your price range, though, you know, right. At 500 600,000 areas. extremely competitive.

Unknown Speaker 8:33
Right, right. Right. So going above asking price, let me ask you this. How long has it been like this? In other words, let me share this with you here in Las Vegas. It almost seems like right after New Year's, you know, I got an influx of buyers, because the Feds announced on the news that they were going to be lowering the rates. So it was like everybody that had been sitting on the sidelines, not everybody, but a portion of those folks that Okay, it's time and they're out buying, is that the same? Or has it been a seller's market for the last year?

Unknown Speaker 9:03
That is about the same year we're about right on target with the exact same thing, just like you said, as soon as those rates started creeping back down. The buyers that were on the fence of jumping in a lot of our lenders, what they're sharing with our buyers, is they're saying, hey, why don't you all just marry the house? And data ready at the rate? Right,

Unknown Speaker 9:27
right? Absolutely. You fall in love with

Unknown Speaker 9:29
that house that you want so that you don't miss out on your chance to create more equity in that property and lock in that rate that you're at and knowing down the road, which was the fans are getting ready to start slashing these rates a little bit here with the political season coming around and things of that nature, and then they can make those moves to build that equity up into that property.

Unknown Speaker 9:50
Absolutely. And so that's something that you know, I've been doing with my clients for the last year is exactly that. Getting them into lower rates by having the seller you know, buy down there Rate the builder by down there, right? In fact, that's what Miss Me and Aunt Carol are going to be doing today. We're going out there these builders, and I'm negotiating them buying down her rate. She's not going to pay today's rate, especially with that over that 700 scoring there, right miss? Oh, yeah. Hello. So it sounds like we're very close and very similar except for your guys's price point is a much higher price point. What is your average medium price point up there in Seattle right now? For average?

Unknown Speaker 10:27
We were around that 769. But it's up to like the 845.

Unknown Speaker 10:31
I'm sorry, that's your medium price point. Okay, well here in Vegas, we're at about 450 is our is our price point, our median home price. So we are still a more affordable area. For now. And I say that Dwayne, because we have so many things happening here in Las Vegas that have never happened before. And they have already shot our prices up. And I'm here to tell you, I don't see them coming down. I don't see I don't see why they would. We've got Hollywood moving into Vegas. We have all these sports teams moving into Vegas and Honey, we're only a valley. We are running out of places to build a lot of the land when you fly over on Carroll. That's BLM land, that's government land real. So when you fly over and you look down, you say, well, there's got plenty to build. No honey, that is BLM land. So we are land poor here in Las Vegas. Well, yeah. And like I said, Dwayne, I tell my clients all the time. It's not just Vegas is in a shortage. Most of the country has very low inventory. Would you agree?

Unknown Speaker 11:34
I would definitely agree. And that's what we're experiencing right now. Yeah,

Unknown Speaker 11:38
so you know, if you have very few Playstations and every kid wants one for Christmas, why in the world would I be lowering the price to the PlayStation? Right? Right? Okay. You got to make it make sense, right? That's right. So there we go. And if you're just tuning in once again, this is money you can in your local Las Vegas Realtor will you know what, let me stop that. Your nationwide realtor Monique Buchanan. And I just had to weigh in from Seattle on unfortunately, you know, like I mentioned before he was in Mexico, he had some technical difficulties. So if you're looking to move to the Seattle area, I have you covered but we're gonna go ahead and continue on with Aunt Carol that moved down from Seattle. And as now me and her are going out looking at homes and Aunt Carol. What was the biggest shock when you came down here? Because you told me Wait a minute, babe. I will remember these prices being like

Unknown Speaker 12:29
that truly, I'm serious. It truly shocked me because I was thinking they just says like maybe five even 400,000

Unknown Speaker 12:39
And let me tell you guys now I love my Carol but now she's she's a little bougie now she so she's looking basically for the same I told her Onkyo me and you are looking for the same thing exact so you guys know that I'm in the market for my own for to purchase another property for myself. And me and Cara Juana single story. We want at least 2500 square feet or large arrays. Least bare minimum right? three car garage. And, you know a decent sized lot. You know, Aunt Carol's real big on her kitchen, honey because she puts her foot and things. Okay, now I can't say the same for myself. But I do like the way kitchens look. But nonetheless, she's saying she thought when she came down, she could pick something up around, you know that size, which she was right. A couple years ago, maybe three years ago, she was right at 500,000. Now we're over here looking at 800 and less. And are we finding a whole lot have you been finding? I mean, I send you what I send you what's out there, but you also look on your own as well.

Unknown Speaker 13:35
And everything I've seen Monique, it's been expensive. Yeah. And I'm looking at what I'm gonna get from my home in Seattle. Right. And the money I want to put down. I'm still gonna do what a mortgage because of what I like. Right, right. And we're talking about 2500 square feet. Yeah, maybe three to four bedroom? Yeah, I want that. Absolutely.

Unknown Speaker 13:56
And we shall get it for you. But that's, you know, that's the point is that Vegas has has, their prices have just changed. You know, we've got so many people pouring in, and the prices have shot up. And they're only going to continue to get higher and higher. Okay, like I mentioned before, there's no reason they would go lower. There's just no reason no, but we're gonna find something Oh, no, we're finding something. Anyway, once we do this show, we're out and about, we're going straight to Henderson. But I've been showing you some some new home builds. Okay, so we went and looked at quite a few new home builds. So we've got a couple that we went by that were buying your rate down to 5.1, I believe and one was 5.99. And we're getting closing cost and yeah, that really 5.99.

Unknown Speaker 14:39
That's right, it's 6.66%.

Unknown Speaker 14:43
Yeah, but the current rate is at 6.8750. Gosh, this was almost a whole point, which when you do those numbers, yes, it does help out now. Now mind you, I'd much rather have a three but but we'll get that one the Feds lower those rates and then we'll go ahead and do refinance for a 30 year fix and you know, however low they end up going, and I will do that. Absolutely. And that's your plan, right? Yes. Okay. So that's what I say. And that's my plan. So I'm not just talking and I'm walking it right. Yeah. So yeah. So we're going to the hinge of scenario because my, my cousin Marcus lives out there, and she wants to be close to her baby. But so you decided you're moving to Las Vegas, you reached out to me, which I was very thankful that you did. And I got you in the hands of Dwayne, and how long did it take to Wayne to come over and see you?

Unknown Speaker 15:28
I mean, we're talking about within a day, he called one day, and I think I waited a day. And then I called him back. I said, Look, you need to come on now. Okay. And he said, I'm here. And he was there. He was there.

Unknown Speaker 15:40
And you got it listed within one week? Yes, yes. Yeah, that's right. That's right. If you guys don't know or understand how this works, she's going to be able to list her property what she's already done. She's listed her property in Seattle. As soon as she goes into escrow, we can do what's called a contingent upon sale, which, technically, we could do it now. But I don't know many people that's going to entertain that. That's right. Like, basically, think of it yourself if you're selling a property. And then somebody comes and tells you listen, I want to buy your property. But you got to wait till I even list my I don't even have it listed. You're not going to really take that offer serious. Now, if I come to you, and I say, Karen, I want to buy your property. But I've already got my property listed. And I have a buyer, we're in escrow. Now. Are you willing to consider my offer? Yeah, absolutely. So that's called a contingency, you guys a contingent upon sale. So basically, I'm saying listen, your property is in escrow. I'm gonna go ahead and accept your offer. Once you close on that property, you'll cure those funds, like she mentioned, she's gonna put, you know, four or 500,000 down on this house. And what that's going to do is it's going to get rid of her mortgage insurance premium. Right. And Carol, you weren't really familiar with a bridge loan. Dora, you know,

Unknown Speaker 16:54
I wasn't an until I heard the show. I was start listening. For the first time I was listening to Monique show. And she had Anthony on. And as they were talking, I said, I don't understand a bridge loan. Right. But the way you guys described it the way you guys finalized it and put the spin on it. I got it.

Unknown Speaker 17:16
Yes, I got it. And that's what the show is about Carol. That's really why I started this show three years ago, because I had an experience when I was younger, and I was a single mother, you know, my baby Sanaya. Yeah, so I wanted to buy a home for my child, you know what I mean? And unfortunately, I was with a wonderful person. And he was a wonderful person as a realtor. But he did it part time, he didn't have his finger to the tip of the market, which it changes out of nowhere. So he didn't have to, he didn't know about the programs. He didn't, he wasn't just well versed in the the, you know, tools that were out there to help me secure home for my child. So we kept getting beat out of every offer I put in. So that's what made me start this show. Because there's somebody out there listening, at least they heard something that changed the trajectory of their family's life. That's right from the show. So I'm so grateful and thankful that you did listen to it. And then that's when you decided I'm a como and this house listed. I'm coming in with my baby down there. And Mark is coming with my baby in this please come with those brains to know. Yeah. Oh, yeah. Right. So now that you're here, we're looking at the hitter scenario, like we mentioned. And you're strictly single story, which I've I've always expressed to you that there's way more to stories, because it's easier to build up that tasteless land. But you're like me, you want to see one single story. So there's just fewer out there. Thank God you don't want to pool? Oh my god. No, I do not. You know, when I pulled that? How many pools were in? I believe it was just Centennial Hills area. There was only about 333 Wow. So whenever there's a house that comes on the market with a pool. Oh, it goes quick. Oh, and let me segue. I have a new listing that will be hitting the market and it does have a pool. And you guys will hear me talk about that listing on the upcoming show. Okay, so aren't Carol. Riddle me this after we find your dream home which we are going to what are your plans after that here in the Las Vegas Valley? Well,

Unknown Speaker 19:20
I thought about maybe getting some rental property. Oh, and you know, just trying to see what else is out there. I might even go with you. Okay, no, but of course the prices have to be right. Absolutely. And I'm retired. So

Unknown Speaker 19:35
you know what, let me stop you real quick since you said that. I don't know if you caught when me and Anthony were talking about a loan called the DSCR loan. And I have quite a few of my clients that are retired so obviously they're on a fixed income right. But what they don't know a lot of them is that does not matter. Because this is a a loan. And what we're gonna talk about right now I guess with all my listeners listening to so if you guys are interested in this You know, hey, I can help with this. I'm about to tell them on. So what this does is you can purchase, maybe two condos. Right. Okay. And as long as the rent that you're getting from those condos, and it doesn't have to cover the mortgage completely, it just it's a percentage. There's no paperwork, there's no proving of the income. Yes, yes, yes. So I've had quite a few of my investors reach out to me that didn't, didn't know about that, and say, hey, I'm interested after the show. And so we bought condos and homes, and now they have that extra residual income coming in on top of their retirement. The market here in Las Vegas is booming. They see the writing on the wall, you know, if I can buy a condo right now, and then turn around and rent it out, you know, let's get up go on top of whatever I'm bringing in. And if I can get two and three of them. Hello. I love it. We're going on a cruise. Right? So I don't care. I want to thank you for coming on. I'm going to do the portion of my show now where I I talked to my my beautiful KU envy listeners about my listings. That's the beauty of this platform. I thank God every day for you know, opening this door for me. And I thank God that he's able to let me help others with getting the properties that are hard to, you know, to get sold. So if you don't mind, I'm just gonna get give couple shots out real quick to my listings. I love you. Thank you for coming on. And we're gonna leave here and go find that house. All right. Okay, guys, so let's jump on into the listing portion. I do have 2501 Blue alow you guys this is a three bedroom. two car garage. Two and a half bath. Okay, gated community. You are exactly. And I do mean exactly two miles from the Strip. You are exactly one mile from downtown. Hello investors. Are you listening? Because this property is listed at 334 999 334 999 All right, we're not talking about a townhouse. This is a house. Okay, so just think of the opportunities with that the seller is contributing $18,000 towards your closing cost. Did you hear me $18,000 towards your closing costs, or you can use it to buy down the solar which is already on the property so you don't have to wait for that to be installed. Alright guys 2501 Blue Allo is the address you can check that property out on my Youtube as well. Also we have 60 to 80 Highland gardens we flip this one you guys we put in new carpet, new paint. Okay. 1946 square feet, two car garage, right across the street from the alley Auntie area. All right, and it's gonna be an open house today. From 11 to 2pm 11 to two or if you want to go after church tomorrow, it'll be going on from 530 to 630. Tomorrow at 62 at Highland gardens. Now I did hint as well to my pool house that's going to be coming soon. But I'll give you that address next week so you can check it out as well. And if you are interested, if you are somebody who has been thinking about listing your property he and my team can assist. Listen, we don't skimp on the pictures. Let me tell you what you should see some of the pictures I see and you just it matters, pictures matters. Everybody's looking on their phone, you have got to have the top notch pitchers. So once again me and my team are here to assist you. If you've been thinking about purchasing a home because what we can do you guys is we can buy down that rate. I can negotiate costs from the seller right now. You heard what I just told you. I have a listing where the seller is giving you $18,000 towards your closing costs you guys if you're interested 702984 3700 702984 3700 You can also go on my website, www welcome home with monique.com or you can jump on IG realtor Monique Buchanan and of course my youtube channel if you jump on it is welcome home with Monique. I want you guys to have a beautiful weekend and Glory be to God. Thank you for listening. Please remember all terms discussed are simply an estimate my license number is S 1788 46. My phone number if you'd like to contact me is 702-984-3700. You can also find me on YouTube and please join me tomorrow at my church Living Word Church on hassle. I'm part of the EXP Realty Group.

Transcribed by https://otter.ai