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, hello, Las Vegas this is Monique began the host of the welcome home with Monique show. And I am so excited about today's show. Listen, guys, I have been wanting to do this show for like three months because this is great information. I am personally someone that has used this service and I know that it has blessed my family. So I love always passing on information that I know to work for my K UMB listeners. Mr. Dustin Ben Gilder on the line with us today he's going to share some information about solar panels. He is the regional director for a very prominent solar panel company. And I'm so happy to have you on thank you for coming on Dustin. Absolutely. Thanks for having me. Yeah, so listen, I personally got my own solar panels. Let me just tell them my testimony. My story first. I bought my mark, I received my solar panels about maybe six months after I moved into my property. What happened was Dustin, I moved in, it was summer, I got my first bill of $450. And I almost passed out, you know what I mean? Because I came from a home where I was paying, you know, it was a much smaller home. My house now is 2300 square feet. But the home that I came from was like 1300. And I was used to about a $250 You know, power bill? Well, needless to say, you know, paying over $2,000 for the summer and power was just something that I just felt, you know, it was just not feasible. So I looked into solar, I did get solar panels. But man, Dustin, I wish that I would have met you back then.

Unknown Speaker 2:15
Yeah, yeah. You know, very common, I think I think even over the years, you know, there's been some advancements in solar. And the programs are a little bit different today than they were years ago. And, and, you know, even just making sure that the system is the right size and producing the manpower that a homeowner needs. All that's very important. So well. But yeah, there's scope some mistakes we made at the end of the day. If you do it right, you can save a good amount of

Unknown Speaker 2:40
money. Yeah, so I'm actually saving over half. Okay, so I was paying for 50 a month. And for me now I pay 130 for my my home. And there in many cases, I get credit back from my solar panels because sometimes they over produce. So let's let's jump into I feel like I'm getting a little ahead of myself. The reason that I am promoting and marketing and you know your company is because you told me that you guys do something. That is something I've never heard any other solar panel company do, which is when you go to sell your properties right now, the way it works is if you have solar solar on your home, like I do, and you didn't go through Mr. Mr. Dustin's company, in many cases, you're going to be hindered when it comes time to sell your property. You may be hindered is is what I should say because in I don't know if it's really a hindrance, but how it works is and he'll tell you this too, because he was once a realtor, when we go to list your property, we have to let the buyer know that there are solar panels, if they're leased, we have to tell them that they're going to have to be approved for those solar panels because they stay with the property. 1520 years, right, Dustin? Correct. So they have to not only approve be approved for your property to purchase, they also have to be approved for those solar panels. But you say with the company that you work for, this is not the case. Can you kind of touch on that?

Unknown Speaker 4:04
Yeah, so there's, you know, traditionally financing which most people are willing to sell you solar panels and they're putting good loans in place to buy those the limits and ownerships situation, you own panels, and you go to sell the home. That would be that'd be the case, you either need to sell the panels to the new homeowner, or they can assume the loan or you know, kind of worst case scenario, you can actually have the panels removed and place your new residence. The other program that we have is called a PPA. It's very similar to a lease. Ppa stands for power purchase agreement. And what that means is we will put panels on your home at no cost. We pay for them. You don't have to finance anything. There is no ownership of the panels. And what we do is we sell you the power. So similar to what people are doing now they're buying the power from the utility company. But because we're able to create a power from the sun, we can produce the power at a much cheaper price. And essentially you're just buying the power and that's all your agreement is to buy power.

Unknown Speaker 5:00
Okay, so what happens when they do want to sell the property? You guys come get the panels off? Or how does that work?

Unknown Speaker 5:06
Nope. So essentially what happens kind of similar to what you do currently is you would take it in powerville, the new person that comes in would take over and they'd continue buying the power at that lower rates.

Unknown Speaker 5:18
But they would not have to be pre qualified for that.

Unknown Speaker 5:21
No, no.

Unknown Speaker 5:23
If you're just tuning in, this is Monique Buchanan, the host of the welcome home with Monique show. And I have Mr. Dustin van Gilder on the line with us. He is just going over the benefits of having solar panels on your home, we live in the desert guys, you know, a lot of places don't get the amount of sun that we get. So we're able to produce quite a bit of energy. And if you want more information on this, my number is 702984 3700 702984 3700. Also, my website is www welcome home with monique.com. www. Welcome home with money.com. All right, that's it, let's jump back into it. So there are tax credits, right? That you can get as well when you when you Okay, so how does that work? Do I have to own? Do I have to lease How does that work with the solar panels?

Unknown Speaker 6:14
Yes, so the qualify of the taxpayer actually have to be a purchase. So whether it was a cash, or finance, they literally two days ago just signed into law. The new act, it's it's basically giving everyone a 30% tax credit on the cost of their solar. So that one was the financing the financing is zero down, people get fouled on their home without putting $1 into it. And then they'll benefit from this 30% tax credit. So depending on the cost of the system, 30% of that total cost will will come back to them in the form of a tax credit. If homeowners choose to apply that credit to reducing the cost of the system, which is what we recommend most people do, it's going to just save even more money per month on on their power bill.

Unknown Speaker 7:02
So they can take the 30% credit and just apply it to what their balance is. Correct. But that's only if the purchase but you know what the good thing about purchasing the solar panels, when you agree that if and when you do go to sale? Now you could tell the new buyer, you know, once you pay them off the Hey, they've got basically free power, is that right?

Unknown Speaker 7:21
Yeah, once you're paid off, I mean, the panels are gonna produce the power, so as long as long as you're not using more power than they're producing

Unknown Speaker 7:27
power. And speaking of that,

Unknown Speaker 7:31
that's one thing we do is size the system so that it's producing the appropriate amount of power.

Unknown Speaker 7:38
So in other words, if they have like a pool in the backyard, they need a little extra power, you guys would make sure that there are enough panels up there. Correct? Okay, great. And this probably saves pool owners quite a bit. What do you think?

Unknown Speaker 7:51
I mean, saves everyone quite a bit? Well, yeah, that's about it. If you're, you know, related to gas, which everyone obviously to sell quite a bit lately, with prices going up. If you're paying $5 A gallon for gas, and you're able to reduce that to $2 a gallon, you're gonna save money, regardless of how much gas you buy on a on a yearly basis. If the price per unit is way lower, it's gonna save you money.

Unknown Speaker 8:16
Exactly. So instead of us paying $5, and I forget a gallon of gas, you know, paying two, that's great, that's a great way to look at it. Let me ask you this, you can possibly sell back the excess right to NV energy is that right? If you over produce

Unknown Speaker 8:34
that we're not anymore. They used to they used to actually buy it back. They changed that several years ago. What they do now is called net metering. And so in the wintertime, for example, your panels are going to produce way more power. And during that time, you're going to get credits. And so those credits are going to build up. And then come the summertime when it's hot. And obviously we're all using our air conditioning. And using a lot more power. Those credits that were built up through the wintertime are going to cover the difference. And so when we come in and size the system, we look at how much power you use on an annual basis. And we generate that amount of power to the solar panels.

Unknown Speaker 9:08
Okay, but if you go above and beyond, then NV energy will just you know, pick up that slack. But you could possibly have credits to take care of that anyway. But if not, you may get like a small bill from and I believe I've received like a $20 bill from NV energy in the summer. Sometimes it can go up to 60 aren't

Unknown Speaker 9:27
quite covering, you're just gonna buy the additional power from NV energy at whatever their current rate

Unknown Speaker 9:32
is. Yeah, but for my experience, it's only been like the most I think I've ever paid on in the summertime. And that was the only time that it actually happened where I got charged. And of course this is my experience. I think the most I ever paid was $60 to NV energy. So I'm still well under you know that 450 mark that I was for the one month when I first bought my home so just sharing my testimony with you guys and like I said my home is 2300 square feet. So yeah cuz I'm just a firm believer in the solar, you know, it saved me tons of money, like you said. So at the end of the day, it's, it's been great for me, so they can get the tax credit. You know, they're, like you said saving money. But my favorite thing is that when they go to sell their home, if they do, they do not have to worry about the buyer having to be pre qualified, every other solar company that I know, that's not the case that you know, because I deal with, you know, being a realtor, I sell many homes where my clients have solar, and we've got to make sure to let the new buyers know, hey, there's solar, and you're going to, you're going to be pre qualified for that you're going to have to, sometimes when I have buyers that are on a real tight budget, the lender will let me know, hey, if it has solar, we can't move forward, depending on what that payment is. So for your company to come in and say, Hey, we're not doing it that way. We're doing it different. You know, they don't have to worry about that the buyer does not have to worry about that if they go to sell their property, we're just simply going to let them take it over. And they do not have to be pre qualified. That is a game changer.

Unknown Speaker 11:06
Correct? Yeah. And, and to be clear, we, we do both, you know, the one thing is still, in a lot of cases, a great scenario for people, and in a lot of cases, it's still their best deal. But this is definitely something that's easy, especially if you don't plan on being in your home for a long period of time. And you're concerned about dealing with that when it comes to sell it. It is a great way to get the solar on there and save you some money immediately with no investment and just, you know, not complicating that issue, I guess when it comes to

Unknown Speaker 11:37
selling your home. Right. If you're buying your property, you know, you're gonna stay in it five years, and after that you're gonna rent it out. Now you can market it to the renters, hey, you know, your power bill is going to be much less because we have solar, and you don't have to worry about or if you want to, like you said or if you want to buy it, same thing. Hey, it comes with solar and you don't have to worry about getting pre qualified. That's amazing. That's awesome information. This is Monique Buchanan, the host of the welcome home with Monique show. And I've got Mr. Dustin van Gilder who just went over quite a bit of information about the pros to to installing solar panels. If you are interested in this information and want more information or maybe want to make an appointment with Mr. Dustin, you can reach me at 702984 3700 70298 for 3700. You can text solar and get that information as well. 984 3700 702-984-3700 Thank you so much, Mr. Dustin van Gilder for coming on and sharing that great information with us. We really appreciate that.

Unknown Speaker 12:39
Absolutely. Appreciate you having me.

Unknown Speaker 12:41
Thank you, Dustin. All right, let's go ahead and jump on into the the fun portion of the show. Hi, Miss Dawn, I've got my team member Dawn golly, it's her birthday. She's birthday girl. Happy birthday, Miss dawn. Thank you. You're gonna say hi. Oh, hi. Oh, Hi, Anna, thank you out of time. No, she's just shy when it comes to talking on the radio. But ma'am, get your mic on wait, gone back over there. Get your mind. I'm going to have her on the show talking about something that we're doing that's new now, which is we are going to assist rentals. Right? My team has grown. We've got quite a few agents on board now. And a lot of them said, Hey, Mo will will help some people that are looking for rentals because, unfortunately, quite one eye. I shouldn't say unfortunately. But quite a few people are in the market and looking for rentals. I mean, it's unfortunate because we want you to buy right, but they're looking for rentals. Don, what are some of those requirements? You know, you're out there with the the renters? What are some of those requirements? Now? minimum score usually ranges nowadays around 680 and above. Okay, for renters, all right. And at least 2.5 times the rent, okay. Or wages? Yeah, because for a while there, you know, right after COVID they were asking for three times the rent, you remember that? Yes. Yeah, I kept seeing that. I had a lot of clients calling saying, hey, Monique, they want me to make three times the rent. But now they've went back down to about 2.5 per hour. So used to selling home to full 2.5%. No, two and a half times the rent. Right. Okay. All right. So 680 credit score above two and a half times the rent. What about criminal background? Anything like that? No. criminal background? Yes. No criminal background. They will check out and

Unknown Speaker 14:34
that's pretty much and then. No evictions, no evictions. And no bankruptcies. Okay, okay. No open bankruptcy. They're shut. They're done. Okay. So if they're closer, they're okay to move forward. Yeah, because I was gonna say, you know, during COVID So many people unfortunately had to had to go back Rob. I can't imagine them. But that's good to know. Okay, so you guys you heard it right. Yes. We are now going to be assisting clients that are looking for rental properties. Okay, but you just also heard the stipulations, we need you to have over a 680 credit score. All right, two and a half times a rent, no criminal background and no be open the case, all right. And we'd be happy to help you free of charge to look for those rental properties and get you going. I get a lot of people that call me and say, you know, Monique, we just can't find a realtor to assist. And so I'm so glad that my team has jumped up and said, you know, it won't only we will assist the, you know, your clients in your K, you and B listeners that call that are looking for a rental. So there you go, guys, we're going to assist you with the rental. But keep in mind, we still do have the lease to own option as well. Okay, so like I said, that's a cash buyer company that's here in Nevada, finally, they've been on the East Coast for many years, they've actually assisted over 21,000 families and people in you know, now they're here, I'm so happy that they're here. So lease to own, you can also text 702984 3700 lease to own if you're interested in that you need a $40,000 a year annual income for the household 620 credit score or higher, and then I'll get you over to the people, they have a customer service number that they will go over everything with you. So you can text lease to own 702-984-3700. And if you are interested in the solar, you can text solar to 702984 3700. Or you can always just call and I'll give you that information. Okay, guys, so I talked to the lender today, there's good news, there has been a little bit of a trickle down of the current rates, they're standing at around, you know, 4.85 to 5%. Right now, I know, you know, that's not as high as it was just in July, it was hovering around five and a half to 5.75. So we've trickled down a bit, but let me share something with you guys. Over the whole nation. You know, there has been some price reductions, but it's just flattening out. They've went down around 5%. Here in the valley, they've went down a whole whopping 6%. Okay, that's it. So do I think that there's going to be some major, you know, instance where it's just going to plummet? No, I don't. Monique, why don't you think that? Well, for one, the demand is still there. And we are still in short supply of homes? Yes, we've had more homes hit the market. Yes, this is true in the valley, but not enough to actually make up for the demand. So there the the demand is still there. But the supply is still in, you know, it's still short. So that's, that's my opinion on it. You guys, am I gonna see the days of $200,000 homes again, here in the Valley? I don't think so. You know, and it's funny, because I had a client call me, he called me, I've been helping him or just, you know, dealing with him, I guess I should say, for about four years now. And when we first started looking at properties, you know, the average home price back then was about 290. And I'll tell you what, he texted me the other day and said Moe, you know, I'm approved, I'm approved at, you know, around the same 290. And at that time, four years ago, we were looking over an alley on Tay, we were looking in some really, you know, sought after areas. But now I'm like, you know, I hate to tell you, but at 290 I'll be happy if we can find a house. You know, I know that's what he wanted. But I had to give him that news because he was one of the ones that said he wanted to wait. He said I want to wait, Monique, I think the prices are going to come down. You know, and this is this is at 290 you guys. And now look, I had to tell him the average home price today, sir, is 420. That's where we're at. You know, yesterday's price is not today's price. We all know that. We'll say this, though. I've got quite a few colleagues that are telling me hey, you know, and and myself, you know, the listings are not flying off the shelf. And why are they not flying off the shelf? Well, obviously because the rates doubled. So with the doubling of the rates, it it knocked a lot of the buyers out of the market. Okay, so if you have been sitting on your hands about listing, you probably don't want to do that either. You know what I mean? If you've been sitting on your hands about buying, you're probably don't want to do that either. So that's just where we're at. You know, at the end of the day, I tell my renters all the time, and I'll be telling the ones that come. You know, listen, you're buying a house, whether you admit it or not, or whether you know it or not, is just are you buying your own house because you're paying a mortgage. You know, I've got a property that I'm looking at right now with a client. She's up in Reno, and we're looking at condos Well, I looked at a condo for her yesterday, that condos renting out for 1895 it is a two bedroom, you guys, a two bedroom on Hawala pie, and Sahara. That's going for 1895 a month. Oh, that's a mortgage for a condo, a two bedroom. So once again, guys, if you're interested in anything that I'm talking about, if you're relocating here to Las Vegas, if you just need some real estate advice, my number is 702984 3700. Again 702984 3700 You can also jump on my IG at realtor Monique Buchanan. My IG is at realtor Monique Buchanan. My website is www welcome home with monique.com. And you can also reach me or hear my podcast I should say on Apple Spotify. And that is welcome home with Monique. Listen, I'm so excited to announce that I'm also starting eighth section of my YouTube and it's going to be called North Vegas list living I can't even say guys, North Vegas living. Now for all of you that don't know Yes, I do live in the northwest valley. I love it over there. You know I do love it over there. I've got less less traffic. You know, and there's a lot to do over there. So that's what my youtube channel will be focusing on my YouTube channel you guys is welcome home with Monique, that is where I will have a section dedicated to North Vegas living. I'm going to be posting you know tours their properties. Right now my welcome home with Monique YouTube channel has all of that and if you've missed some of my shows, you can also have a chance to listen to some of my previous shows. Okay. Okay, guys. So real quick, let me rewind and just tell my buyers that are out there thinking about purchasing. Please know that you are considered a first time home buyer, if you have not purchased within the last three years. So yes, if you were a home buyer, you know or you purchase or own a home even seven years ago, but you sold it or whatever you no longer own it. And you've been renting for three years or living with someone, you are considered a first time homebuyer that will allow you to take advantage of quite a few different downpayment assistance grants that are available, I do have that information as well. So listen, you can also use the downpayment assistant grants to purchase brand new home builds, did you know that? There you go. You can purchase brand new home builds with those grants you guys. And I can walk you through that if you're interested. But right now the new home builders are giving out quite a bit of incentives. A lot of them are even offering to buy down your rate. So in other words, if you are quoted a rate at what what did I say today's rate is what 4.85 Then you know, you can have the new home builder buy down 1% 1% of your rate. What does that mean? For you, that means a lower, you know, mortgage, that means a lower monthly mortgage, you know, and you're gonna save money in the long run over that 30 years. Okay, so that's awesome. So a lot of them are, you know, giving all type of incentives, you know, so I've got a list of a brand new home builders, I know where they're at, I know how to get there. Because when you're looking at brand new home builds, a lot of times, you go on the website and they've got you know, properties that have sold out still on the website, you know, a lot of is not up to date. So once again, you always want to have your realtor assist you with a brand new home builds. Sure you can walk in and sure see the smiling face there. But guess what that smiling face does not represent you. Sure she smiled at you offering you water, but you don't sign her check, or his check. So the builder is who you know, their fiduciary responsibility is with. Now, you know your Realtors fiduciary responsibility is with you, their buyer, they're going to have your best interests at heart and have your back. So that's why we don't mind meeting you at the brand new home build walking you inside, registering you. Okay, ensuring that everything that that smiling face promised is it makes it to the contract. Okay, we got to make sure that all those incentives that we discussed that your realtor knew to ask about, they make it to that contract, it costs you zero, okay, in most cases it costs zero, because a builder is going to be paying your real tour so that you're not going to get a special cut, you know, cut back or kickback if you go without a realtor, so you're really just going to court without a lawyer and for no reason. All right. So just keep that in mind you guys, when you're looking at these new builds, you want someone that's going to represent you, myself and my team would be happy to do it. That contract is over 100 pages, FYI.

Unknown Speaker 24:37
All right, so just keep that in mind. But anyways, we've got you know, a couple of the buyers are paying your closing costs or buyers I'm sorry and builders are paying your your closing cost. I've got a builder that's taken $1,000 earnest money deposit so you don't have to come out of your pocket, you know, with a whole lot of money down or not down but for earnest money and My veterans remember you know, you have zero down. And then if the builders paying your closing costs, what are you really bringing to the table to purchase that brand new home? Something that you own right. And I love to assist my veterans so 702984 3700 If I can assist you. Also I know of some brand new home builds up to four bedrooms and they're still under 400,000 you guys. You heard me right. brand spanking new home. Okay, going for under $400,000.02 story and their four bedrooms so if you need that information 702984 3700 Welcome home with monique.com at realtor Monique Buchanan on IG. Okay, and by the way that four bedroom home comes with around $40,000 In upgrades. Listen, the list goes on and on. We even have some properties out and from there also $400,000 for up to four bedrooms. You're going to be on a 10,000 square foot lot with a three car garage. All right, that's crazy. They're giving you $10,000 towards your closing cost upgrades galore, nine foot ceilings, the works, you know and don't sniff it parole because let me tell you, it used to be about an hour and a half away but since mountains edge is dang near in the mountain, you hit Mountain's Edge in about 45 minutes. So you know I'm always driving out there looking at properties, talking with my fellow agents out there. And if you are a fellow agent, let me just pivot real quick. If you're looking for some support you want to join you know, a team or brokers is really going to support you. You can also text 702-984-3700 You're going to text wealthy agent. Okay, that's joining my group were 450 agents strong and we all share our knowledge so that you can be the best for your client. So if you're interested in making a switch or possibly interviewing brokerages 702984 3700 So once again I'm going to run over the the call caption codes for you guys. So if you're looking to lease to own you can text lease to own 2702984 3700 If you are interested in what Mr. Dustin had to say about the solar and want more information or maybe want you know a free consultation with with Dustin you can text 702-984-3700 You can text solar and I will get that information over to you so you can schedule an appointment or just simply have a conversation about the solar panels that will save you money on your power bill. Okay guys, so listen, I appreciate you tuning in. I want to give a special shout out to my seller we just closed on her property today. Very sweet young lady. We went into escrow we got the deal done and guess what? I got her over $10,000 above asking price on that property so we're gonna send her off. Really well. She's very happy. Congratulations. And also I want to give a shout out to my team member she just closed on her deal as well shots out to miss Kara banks. She closed on her first investment property many more to come that's how we do so congratulations Miss Kyra banks on your first property closing and of course a huge shout out to my birthday girl once again. Miss Dawn golly Happy Birthday Don. We love you. Yes, indeed. She's all Yeah, look really low. And yes, indeed. She's whispering you guys. Anyways, all my k u and v listeners. I appreciate you. I look forward to assisting you in the near future. And thank you always, for your referrals and for tuning in. Be blessed and until I hear from you. 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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