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 0:26
good morning Las Vegas. Thank you for tuning in. I am Monique Buchanan with Deville Realty Group. And this is the welcome home with Monique show. On this show, I'd like to enlighten future homeowners with the home purchasing process as well as the home selling process. So thank you for tuning in. Well, happy Saturday, Las Vegas. It's Monique Buchanan, the host of the welcome home with Monique show. Thank you so much for tuning in. I hope that you guys are all having a great weekend thus far. Aren't you loving this weather? I know I always talk about that. Because I don't know if you guys know. I'm originally from Seattle, and I just love the cloudy weather. So anyways, alright, let's talk about our show today. Okay, we've got a great show. As always, I do want to give a couple shots out to some of my K, you and B listeners that are purchasing homes with me right now. We just went into contract three of them, three of them. I'm so excited for you guys. We were able to secure their property, we actually beat out quite a few other buyers. I'm just saying as we blown off my chest, my shoulders I mean, anyways, yeah, so if you know how to structure the offer, right, you can get that offer one for your buyer. And let me tell you, it's very important right now to know what the sellers are looking for within that offer. So that your offer will stand out amongst the other, you know, five, six offers, remember I told you it's still hot, it's still a very hot market out here. A very hot seller's market, there are still multiple offers on properties. But you know, it has leveled out just a bit. And this is typical you guys for winter. Okay, when winter, you know, fall comes winter comes, you know, it's like the, you know, some of the buyers, I don't know if they go into hibernation, or what, but some of them just, you know, they fall out of the market, or just maybe they just want to wait until spring. For some reason people love to move and start buying homes in the spring and summertime. So right now, once again, buyers that are listening, it's an amazing time to buy. But let me tell you what is even more of an amazing time to sell your property. And like I said, there's not as many buyers as it was just two months ago, you know, back in July, August. So sellers if you're listening, or if you've been thinking about selling your property, listen, you know, you want to go ahead and take advantage while you're able to still secure multiple offers on your property, it's a great time to sell your property, you'll get the most that you've been able to get, you know, within the last four or five years. So you know why ponder any longer if you're thinking about selling, great time to sell. So let's just talk about that a little bit. You know, I cater a lot to buyers, but I love my sellers just as much and I'm here, you know, to support you and answer your questions. If you have any. As far as selling your property, you know, I can send you over what we call a comp. And that will tell you, you know what your property is worth right now at least a ballpark. Because like I've told you before, at the end of the day, you know, I have to come over and take a look at the property, have a listing appointment with you. And then we can see what upgrades you've done. And then that all plays a part in what that number is, you know, at the end gonna be as well. But right now you're still able to get your home sold, you know, in less than in many cases, three, four days on the market is still selling very fast. You know, plenty of buyers still here in the valley that are looking to purchase Las Vegas Property, California Exodus, they're still pouring in from California. Welcome you guys that are coming in from Cali by the way, Monique Buchanan your relocation specialists. But seriously, I've got quite a few buyers that are selling property in California. I had a couple that came just this summer and they sold their apartment downtown LA. And they were able to cash out and walk away with over 600,000 in equity. So they were able to roll that into what I suggest that they do, which they had no idea about a 1031 exchange. So basically, you know, instead of paying taxes on all that money that they they secured from the sale of their condo, I said hey, go ahead and invest here in Vegas and do a 1031 exchange that way you can just roll that money into the property here in Las Vegas. So that's what they did and now they're proud owners of a beautiful golf course community paid for in cash you guys and it's all done with that 1031 exchange. So if you currently you know own some property, you're thinking about selling it. I can have Horse assist you with that process as well. Okay. But if you're here in town and you want to just list your property and get it sold, I can definitely get that done for you and at an amazing price. So, real easy process, you guys, I'll come over, take a look at the property, we'll do a quick little listing appointment, you'll run down your wants your needs, what you're looking for out of the property. And I'll give you some tips. You know, in fact, I'm gonna go ahead and give you some tips now about how to get your property ready, you know, to go ahead and list first thing you want to do you guys once again, like a while back, when I first started show I did a whole seller's show about you know how to get your property ready for buyers to come view your property. So what you really want to do is remove any of your personal items that are hanging on the wall, you know, we we love, you know, your family, they're beautiful, but the buyer wants to be able to, you know, visualize themselves living there. So if they see that cute little pumpkin, your baby on the wall, you know, they want to be able to visualize their own children on the wall. So I typically would say, hey, let's remove all the personal items, if you can, you definitely want to deep clean the entire house. But most importantly, the common areas, the kitchen, the bathroom, make sure those really are very clean and smell good. I typically would tell my clients to put something neutral like a glade a nice, it's nice when you open the door, you know to a property and it's gives you it just hits you with that beautiful aroma. As soon as you walk in. It's very, very good, but nothing too strong. You know, my, my mother hates the pumpkin glades that I put in every fall. I love them. But it actually like bothers her. In fact, that same couple hours is telling you about now I think about it. Every time we walk into a house and it was like a real strong spicy smell. It really bothered the the wife, she couldn't really take those kinds of smells. So I always say hey, sellers, try to just put like something very neutral, maybe like the clear linen kind of smell. So there's that little tidbit for you definitely want to declutter, declutter, declutter as much as you can take all the stuff off the bathroom counters, try to declutter the kitchen, any appliances that you aren't using at that time, go ahead and put those away so that it just looks open and clean, you know, if your house is clean, but with the clutter, it just makes makes the buyer hard, makes it hard for them to visualize, that's all. So we want to give them an opportunity to imagine their own stuff in the house. If you're able to paint the house, you know, if you got loud colors in your house, maybe you're just you know, a very, a very big fan of purple. I've actually just showed a house three days ago, and it had I thought it looked okay, you know, it was like a purple. But it was like a light purple. So I thought it was okay, they probably have a little girl in there. But the clients were just very turned off by it. And so you just want to kind of have neutral colors throughout the house. All right, the front porch if you can throw a fresh nice little welcome mat there that's always good. And you know, hide all your cords from electronics if they're hanging around. And then clean towels in the bathroom and and most of all, keep the toilet seat down.

Unknown Speaker 8:12
I drives me crazy when I see these pictures of the houses when you're looking online and you see like a take a picture of the of the bathroom, the toilet seats up and stuff. Anyway, sorry, guys. I just went off on a tangent. But I'm back now. So anyways, those are some just some little helpful hints if you're thinking about selling your property. Listen, once again, guys, you're never I'm telling you the price you'll get today. I mean, like I said equity is going up every year, my house went up 37,000 per year. But if you're at a point right now where you're like, you know what I have made, the amount that I'm looking for, I'm ready to cash out. Monique Buchanan is here to help I can assist you. And my information is 702984 3700 702984 3700 miles. I was gonna say my welcome. My website is welcome home with monique.com. Okay, guys, so the last show, I mentioned that I went to the beautiful ATL, Atlanta, Georgia, I mentioned that I have a team, pretty much in every city in the nation. Seriously, guys. I'm constantly popping in and popping out of these cities just to visit and, you know, show my face. But last week, I went to Atlanta, and or I'm sorry, the weekend before that to a conference, a real estate conference. And let me tell you something, I love going out of state because I learned so much at these conferences. And I learned about an amazing lease to own option. Now you guys know that I always you know, let you know about the grant. The grants that are out there, and there's many of them, but unfortunately for whatever reason, there's and there's different reasons not even unfortunately, you know, you might be a doctor that's just here for a couple years on residency, or maybe you're military and you're just you know not sure if you want to purchase here. Well, I have come across an amazing company. Get on my retreat, I'm definitely going to have somebody from the company come talk about this program, because it's amazing. I'm just blown away by it. Anyways, it is a lease to own, I have had a couple of you guys give me a call and asked about the lease to owns. And now I have a great opportunity for you. What I love about them is that they're completely transparent. And that is like, all up my alley, I love transparency, put it in front of me, let me decide if I want to go forward with it or not. But give me all the details, you know. So they're, they're what they basically do you guys in a nutshell. And like I said, I'm going to have somebody else Come on, to actually just go over the entire, you know, lease to own program. And so what they do is they buy the home for you in cash, they buy it on your behalf. So the way it works is this, they're in 41 cities nationwide. Okay. So if you have at least $45,000 income, gross income, combined household income, that's one of the qualifications that you have to have, you do have to be employed. Now, they didn't give me a timeline. So I would say for more information 702984 3700. But anyways, you do have to be employed, if you have a chapter seven bankruptcy, it has to be discharged, okay? It cannot be pending. If you have a chapter 13, you just have to provide your payment, you know, show that you're making payments, you if you work for yourself, you just have to be able to give them your 1099. But I'm getting too deep into it, what you can do is I can send you a link that will give you more information and take you to the website, where you can look over all the stipulations, and just go from there. But it's amazing. So let me just give you the gist of it. So what they do is, they'll approve you, I'll take you out to look for homes, just like like I would with any of my normal buyers, okay, you will pick your home. All right, now you'll have an option to buy that house at any time while you're there. Now the way they do it is they rent it to you for one year. Okay? Every year, you can renew that, that lease for one year at a time, up to five years. Okay. So you know, for sure, and that's what I loved about it. Okay, it gives you full rental transparency and full rental competence. So you know, for sure that you're gonna have that house for at least the next five years. So you'll be able to go ahead and, you know, budget, it's hard to budget on the one year leases, when you don't know if the if you're gonna get the same note that a lot of my ex renters are getting, hey, we're selling the house 30 days, you have to move, you know, that's happening all over the valley, you guys. So you know, who wants to live like that going to a traditional rental signing a one year rental contract, and then hoping that they for one don't put you out before the end of that contract, which if it's in the lease, they can, and they have been doing quite often, you know, or at the end of that year, if you're gonna have to pick your family up and move again. So if you are just not able or do not wish to purchase right now, or maybe you just want to give it what I call a try before you buy, you know, maybe you're just not sure if you want to become a homeowner, this is an amazing option. Because what they do is they lease it to the house that you picked to purchase, there's no obligation to buy it. So if after one year, if you don't want to buy it, you don't have to, you can walk away like or like a regular renter, okay. So if you decide you want to lease it for a couple more years, you can do that too. Or you can go ahead and buy it at any time, I thought, wow, this is awesome. And the transparency part comes in at, they show you before you sign up, they'll show you like before you commit, they'll show you what your rent will be every single year for the five years. So if you decide to go ahead and keep renewing for five years, you will know what your rent is gonna be. And you know, you're guaranteed that house for up to five years. Now they'll all show they'll also lay it out to you. If you decide to buy, here's an estimate of what your purchase price will be. And it has to be an estimate because obviously, they won't know how much they're gonna get the house for that you choose yet. Okay. But once you choose it, they'll be able to give you a better idea of what that actual purchase price would be. All right. And they'll lay that out for you right there. So that's, I mean, I thought, wow, this is this is great. I mean, because when you go through traditionally you're looking right now for a rental, right? Or maybe you tried to buy and you were turned down for whatever reason. Or maybe you're you're doing a residency here or your military, you know, so you're not quite ready, whatever your reason is, that you don't quite want to buy yet. This is an amazing thing for you. It is so hard to budget and plan with just a traditional one year rental, especially in this market. And here's another thing, if you're out there currently looking for rentals, you know, and it's you know, it's hard to find your heart to get into this opens up the homes that are For Sale for you to start looking at as well. So anyways, I'm gonna give you more information on this lease to own option. This company is in 41 cities nationwide, they're reputable. In my opinion, you know, I'm, I've heard nothing but great stories from my, my colleagues and realtor friends, I have used them. So if you want more information, my number is 702984 3700. Do me a favor, text me your email, and just say lease to own. And I will send you the website so that you can get the information more so on this program. So once again, 702984 3700 If you're interested, you can text me your email address, and hey, lease to own and I'll notice any of the information. Okay, so there you go, guys, that's why I travel, I try to learn as much as I can find out what is out there that we don't know about that I can tell my K, u and b listeners and they can tell their friends family, and we can get them into homes. And since I'm on that note, I just want to say thank you so much for all the referrals. A lot of you guys have been listening to my show, and referring your your children, your you know, family members, cousins, friends, you know, and I just want you to know it does not go unnoticed. I thank you so much for supporting me here on the show. It really touches my heart. Thank you so much for trusting me. Okay, so let's jump on back into what I love to talk about, which is, you know, making money making your money make some money for you. If you didn't catch my show last week. I mean, it was really, really good you guys, because I was telling a lot of you that are currently owning a house or currently own home and are sitting on your equity. So that's pretty much the you know, the majority of you that have purchased within the last year, are sitting on quite a bit of equity even, you know, even now 40 to $60,000. So I was saying, Hey, listen, that equity right now is stagnant. Let's make that equity work for you. Like I mentioned before, somebody said, Hey, if you're not making money while you sleep, then you're going to work for the rest of your life. So well. How about this? What about maybe taking some of the equity and becoming investors? I was telling you guys last week that the Hey, they have condos right now, three miles radius from the you know, stadium, $180,000.02 bedrooms, okay, those will stay rented out, right? Look at the area, you're right by the strip, you're right by the stadium. So those will stay rented out? What can you do? Well, you can do what's called a cash out refi. Guys, when you do that, you could take up to in many cases 70% of your equity. All right. So I was given you're using myself as an example, I'm sitting on about 150,000. But if I want to take about $42,000 of that out and put my 20% down, because remember, now you'll be investing, this is an investment property that you're going to run out and start making residual income on. So I'll have to put my 20% down. Okay, that's 42 grand, and then I'll start making my rent. So we all know average rent right now for two bedroom is about $1,000 a month. Okay, so you figure my mortgage payment on that condo, excuse me, my voice went out. With my mortgage payment with a 20% down, I'll still be clearing three to $500 every month after renting out my condo, my two bedroom condo. Okay, that's on average. And the only reason I say three to 500 you guys is because condos typically have about a $150 Hoa or a little bit higher in they have a little bit higher of Hoa is usually. So that's why I say you'll you'll clear typically about three to $500 a month. So that's that's extra, what 6600 A year in your pocket that you wouldn't have had just sitting on the equity. Now mind you every year my home went up in equity for the last four years $37,000 You know, and it's still rising like that. So sure you're gonna continue to make equity on your purchase, but why not have that equity make you more equity in residual income. Okay, so invest 42,000 of it into a condo, and then have that clear you 6600 A year from your, you know, from your rent take in, right? But then also it's making its own equity on top of that. So now you got two properties, your primary and your investment. So now you're making, you know, double equity. Okay, not not to mention the residual. Okay, so anyway, start building your portfolio, start buying some properties up, because like I mentioned before, I want to be traveling, when I decide to retire. I want to travel. I know that's a lot of us, right? So you don't have to just buy a condo you can buy a house. You know, if you want to buy a house off the equity that you're sitting on, you do your cash out refi let's pretend that you're buying a house at 325,000 Okay, that's an that's a pretty decent little three bedroom house. Okay, depending on the area, pretty decent little three bedroom house, maybe a townhouse. All right. So you know, right now the average rent for just a regular three bedroom house is, you know, 17 to $2,000 a month. It's crazy right now, right? Depending on the area 1700 to $2,000 a month is your average three bedroom home. So rent that out. Now you're making a clearing Elise about what the payment with the mortgage payment with 20% down is typically going to be somewhere around, you know, 1500. All right. So or maybe a little less, let's just say you're clearing another 500. Again, another 6600 a year, you wouldn't have made. Okay. So I mean, that's awesome, you guys. So there's just some thoughts for you. If you are current owner, and you did purchase a couple years ago, and I can give you a comp is that what we call it basically just let you know what your property is worth, or how much equity you're basically sitting on. Does that make sense? If this interests you, my number is 702984 3700 702984 3700. Monique Buchanan. And I am just going over a couple options of if you have equity, that you're just sitting on not doing anything with Vegas, his market is super, super hot. Go ahead and try to get in there and get investment properties, if you can, right now, another great thing is that the multi units, you know, you got your four plexes, you can typically get those for around 350 400,000. Right now, you can still find them at that point, you know that price point. So, and a lot of times those will come with what we call a rent roll basically just means that they're rented out already. Okay. So if you purchase them on your own, you're going to want to put 20% down if you're an investor. But if you're a first time homebuyer, you still can become a homeowner and an investor all in one shot. How do you do that money? Well, you can use my grant or if you have savings, you can put your 3.5% down on that four Plex, you can live in one of the units, okay?

Unknown Speaker 22:09
And rent out the other three, this will be the first and only time or the first, the only time you're able to put such little down and still be an investor. Okay, so take advantage of that opportunity. You can also use my grants, my grants allow you to purchase a four Plex or multi unit property. You heard me right, you can purchase an investment property basically, as long as you live in one of the units. You can have it paid for through a grant your downpayment, and half your closing costs. So this is great information. I hope you guys are sharing this with your family and friends. And if they need more information about this, my number once again 702984 3700 Okay, guys, so one more thing I've got to tell you about I'm so excited. I am doing my very first walk you guys have all heard me talk about my near and dear to my heart my favorite nonprofit angels of Las Vegas. I've got them on the line with me today. Because I am so excited about the walk. I love their cars. I'm gonna let Miss I Nolen WordNet and Ms. Word Licia. Talk to you about their their nonprofit and about the work that I'm about to do. Hi, I'm Annie. I am Monique. Thank

Unknown Speaker 23:27
you so much for having me show.

Unknown Speaker 23:29
Absolutely. Hi, we're Lisa.

Unknown Speaker 23:33
Miss Monique. How are you?

Unknown Speaker 23:34
I'm great. I'm great. Can you please tell my listeners about this amazing walk. And by the way, guys, if you want to join me on the walk, once again 702984 3700 I need to build a team I need I need my k u and v listeners to have my back on this walk. It's my first one. I'm excited. Okay, go ahead and tell them I knew about about your mission and just remind them the wonderful things that you've been doing in this community with angels of Las Vegas for over 10 years.

Unknown Speaker 24:06
Thank you Monique angles of Las Vegas is an imperfect organization with a mission to inspire hope for the millions of men and women and children affected by all types of cancer and life threatening disease. We like to help with wigs and we give food every week for cancer patients. We've been around for about 11 years. We are so excited with the community with a walk coming up at a wellness 5k wellness walks to carry the community about having healthy lifestyle watching and just you know be out there with us to celebrate and anyone that loves a loved one with cancer or someone going through it right now. Just encourage them to to be there for them to let them know that no we are here to support them. Absolutely.

Unknown Speaker 24:49
And the walk just so you guys know it's not this Saturday, but it's next Saturday October 16. Right or Lisa at Craig ranch regional Oh boy, they've been doing some great things over there. Craig ranch. I went to that, though. What's it called? The luau thing was what was it called? Anyways, Beautiful Things are crazy. But even even amazing thing that's going to happen, like I said, October 16. So not this Saturday, K, u and v. It's going to be next Saturday, you guys 8am till 12pm Craig ranch Regional Park Warli. So go ahead and tell them about the 5k run or walk for wellness. Yeah,

Unknown Speaker 25:29
this is our second annual 5k Walk, wellness run, walk. And like you mentioned, it is going to start at 8am. And what we're doing a little bit different this year is that we're scattering it the van because like you said, they're doing so many wonderful things at Craig Ridge Park. So we're trying to keep from being too crowded. So they're going to have are very serious runners started running at eight o'clock, and they're going to just kind of scatter the run. But it's going to be really great. They're going to have a medals this year, we're going to have have a chance to take pictures, but it's all to support the Breast Cancer Awareness Month. And we know that it's every October of every year. Love to support that with the Las Vegas. Yeah,

Unknown Speaker 26:21
so I'm excited. So the registration was very reasonable. What was it? $30 $35? Yes, it's

Unknown Speaker 26:27
$30 registration. But then if we had more kids registrate registry register this year? busier, so they're only $10 So you'd have any children there. $10. But adults $30. So, yeah, we made it affordable. So you can bring your kids down and bring the animals out. Have a fun, fun day. That's

Unknown Speaker 26:49
awesome. And it's good to bring your kids you know, to support. Support that you know what I mean? So that's great. So $10 for the kids, and was it 30 or 35? I

Unknown Speaker 26:59
forgot. It's 30 is $30 for an adult. Okay, and

Unknown Speaker 27:03
it includes a t shirt. Ha race bib.

Unknown Speaker 27:05
Yeah. So you get a t shirt. Bid, and I'm gonna

Unknown Speaker 27:09
I'm gonna get that metal girl. I'm getting the metal. Man right to my cage. Team. We're getting the metal. Yeah. All right. So if you need more information about this amazing walk, you guys can always jump on www dot angels have L V stands for las vegas.org. Their 800 number is 800-214-9648. Again, 800-214-9648 www angels have l v.org. To register. So I love your guys's nonprofit. I support it. I love it because I know it to actually be doing what it says and I always like to tell the backstory a little bit. It is kind of shy you guys. But you know, I've known it for over 20 years, one of the most amazing people I've ever met in my life. Genuine is genuine can get okay. But she started this. I remember what sparked it. She had a beauty supply store for many years. Very successful over on Flamingo indicator. But what made her beauty supply store stand out was she had a private wig room that no other beauty supply stores had just for cancer survivors or people going through cancer to try on their wigs in private. Now she makes them custom custom her nonprofit provides them custom for the same people. So thank you i Annie, thank you so much.

Unknown Speaker 28:41
Thank you so much money. And thank you Alicia

Unknown Speaker 28:44
for just being her her go to her everything. You know, thank you. I know you're really blessed to have you brought to you. So all right guys. Well, okay, you will be i love you guys. We're gonna go ahead and sign off. Thank you guys for sharing that walk once again. That's going to be October 16. Not this Saturday. But very next Saturday you guys at Craig ranch Park starts at 8am that website to register is www angels of law and the look almost at Las Vegas. www angels up l v.org. All right, guys. Love you have a a wonderful weekend. And hope to see you on my team for the 5k illness. Bye bye. You thank you we love you. Bye I

Unknown Speaker 29:40
thank you so much for tuning in to welcome home with Monique and I look forward to you listening next Saturday 8am Mine Nevada real estate division license number is S 17846 Be blessed. See you next week.

Transcribed by https://otter.ai