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Monique Buchanan, your real estate specialist, talks all things real estate. On this show she covers the processes of buying and selling a home. The Monique Buchanan informs you on best practices to navigate the housing market so that you can start building your wealth through home equity.
Wesley Knight 0:00
This is a KU NV 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
Monique Buchanan 0:40
you, good morning Las Vegas, and welcome to the welcome home with Monique show. I am your host, Monique Buchanan, along with my co host Rebecca coins, good morning.
Becky Coins 0:49
Good morning. Mo, how are you? I'm wonderful. How are you blessed and highly favored?
Monique Buchanan 0:55
So we want to thank you guys for tuning in. Listen, we have decided that we're going to take it back old school. I feel so honored and blessed Becky to say that, you know, God blessed me with this channel, this platform, about five years ago now, and it's it's been such a true blessing to get on here and be able to talk to the community about, you know, ways to create wealth for their their families through real estate. These are all things that I wish somebody would have told me back in the day. You remember when see me and Becky, we used to work together for almost 20 years before getting into real estate. So she remembers when I was in my 20s trying to buy a home, we both use the same realtor, our first same realtor, right? You actually ended up getting a house, though I did. I did, and I got outbid it like 60 times, and was like, Why, God, are you shutting this door and blocking this from me? But you know, he does all things for our good, and it did actually end up being a good thing for me. But here's the point, he also let me get that heartbreak so many times so that I would have a heart for people that are buying their first homes. So that's what I got in that's that was like, my why? Right? Of course, I can help you with investment properties. I've come a long way in 10 years. I have investment properties myself. So you know, I can educate you on the different loans that are out there. Definitely, we can help you with that. We can, of course, help you with probate. That's something that Becky is well versed on as well. So that's something else we can do. Estate, probate, all that. But my first love is first time home buyers.
Becky Coins 2:22
Yes, very much. So because we went through it, both of us, we
Monique Buchanan 2:25
went through it. We went through and we both did not have a good experience. No, no. And I think that's why that was by design, because that's what put the fire in us today, to make sure that when you are buying your first property, you're in the know of what's going on. You're not in the dark. You're being explained to like, Oh, this is how this works. This is normal. This is not normal. This is what you can expect, and this
Becky Coins 2:47
is what should not happen. We like you educated and confident.
Monique Buchanan 2:50
We want you to feel so confident in what you're doing that when the naysayers come, you're like, oh, no, I know I'm doing the right thing to build wealth for my family. So Anyways, guys, that's what we decided. Like, you know, I'm not gonna try to reinvent the wheel. I'm gonna go back to the nuggets. We're gonna go back to the nuggets that matter. You know, the things that you know. When you hear it, you go, Oh, aha, like the aha moments, right? Oh, I didn't know that exactly. This is the did you know show for today? Did you know? Did you know? Because a lot you know. Why would you know, if you're not in real estate? Why would you know, for instance, that even if you bought a home five years ago, three years ago, two years ago, even if you short sold it, or whatever, the point is, you've been renting for the last three years. Why in the world would you know that, per FHA guidelines, you are now considered a first time home buyer, all different things open up to you, right? You would know that. I would not know that, yeah, like, before we got into real estate, there's no way we would know that. No, no, we would assume that because we bought back in the day, we are no longer considered first time home buyers. My own family still thought that. See what I mean. Yeah, I've got plenty of friends that I tell and they're like, what I'm like, Yeah, as long as you have been renting for the last three years, you guys, you are open up to the first time homebuyer programs. Yes, you are. That's major. The reason that's major is because now let's say, hey, it's been hard for the people for the last couple years. You know what I mean? Oh yeah, but they still want a piece of that American Dream, which is home ownership, and not just, you know, the American dream, access to that wealth. You know, the ability to know that your roof over your head will not go up and up and up every year. Peace of mind, yeah, like I say all the time. Nevada has no rent cap. We're not California, we're not Seattle, we're not Washington. There's no rent cap here. So every time that lease comes up, that landlord, they have the right to up your rent. Yes, they do. So who wants to sit here and every year worry if the landlord is going to make your entire family have to move out, because now they've decided they want to up the rent $500 or they're going to sell the house, or they're putting a 30 day move out on your door. You've got 30 day. I've decided. To sell, you know, and that happens quite often.
Becky Coins 5:02
It's happened a few times to a few of our clients, even some close friends, our close friends, yes,
Monique Buchanan 5:06
and clients, you know, I always talk about the story about Alicia, which is both of our friends, she was so comfortable on her rental she paid, you know, early she knew the guy. They were friends, but dear, he's going to do what's best for his family at the end of the day. Yeah, thank God she listened to me, because she was in she's she is a bartender, so they make tips. So I told her, Oh, I'm fine. Monique, I like my rental. I love my rental. Okay, honey, I said, but just do me this favor. Alicia, starting today, start putting your tips in the bank. I don't care if you pull them right back out. They need the paper trail. They need to see how much you're actually making. Just put them in the bank, pull them out. That way, if something does happen, you're able to buy the house. Do you know she did that, and she only did it for six months. She got approved for $500,000 by herself. That's crazy. And she was so thankful. She was like, Mo, thank God, I started doing that well.
Becky Coins 5:58
And I had my friends Heather and tayton on the show. They came on the show. Similar situation, the landlord decided to sell the house, and we had to get their stuff done really
Monique Buchanan 6:05
quick, quickly. And guess what? Both of those cases, they bought the house they lived in. Yes, they did. We walked them through it, we secured their security deposit. We got closing costs for them. We hooked them up and made sure they didn't have to lose the home that they already have been living in. And they loved so they bought it. They're both in their homes today. Very happy, yeah, and Tate. And then we're told they would
Becky Coins 6:24
never buy a home. Yeah, they were told by the previous lender, no.
Monique Buchanan 6:28
Multiple previous lenders, yes, you know, my hairstyle is same thing with her. She goes, Monique, I'd love to buy a house. And she said, but every time we have applied, we've applied over the years, multiple times she goes, and I'm just gonna give up. I said, No, honey, don't you give up. I said, Will you give Anthony a shot? Give him a shot. And listen, it's just like with anything, you know, you can get a bad dentist and your teeth still hurt when you leave. Oh, yeah, now are you gonna stop looking for the dentist that can fix that tooth? I don't know about you, but not me. So that's the thing. Lenders are the same way. You know, it is what it is. So she got with him, Anthony got her approved, and they're in their sky Canyon home today, and she's so grateful. She couldn't
Becky Coins 7:09
believe it. You know, it's crazy, because we're at the, you know, tail end of the first month of this year. But I feel like we're almost recapping all of our last year, because we had, you know, that's true, Joe and Bibi on it, same thing. Oh, yeah, we had just countless people last year
Monique Buchanan 7:21
on the show. Yes, they want you listeners. Yes. They were told that they could not buy you guys, our number is 702-984-3700 if your goal this year, one of your goals is to become a homeowner, we would love to help you get there. 702984 3700, we've seen it all. We have seen it all. We've had multiple clients come to us and say, This is not going to work, and it's sad because it beats them up, you know what I mean, and they just want to throw their hands up in the air. But then when you turn around and tell them, hey, here's your keys, the look on their face, I
Becky Coins 7:55
love watching when they come to us and they're like, very timid, because they just don't really think it's going to happen. Like, okay, I'll just give it a shot. Because we always just say, just a phone call, yeah. And then watching the confidence come, everything's going as soon as they find that house, and we're in contract, and it's like, oh my gosh, I'm buying a house, yeah? And like you said, when they get the keys, it's getting
Monique Buchanan 8:13
over there. That's what makes my whole world. But yeah, their confidence sure does build, because they go from, listen, I'll just take whatever I need this.
Becky Coins 8:23
I love it though, I love it though.
Monique Buchanan 8:24
No, it's all good. It's funny, because I'm the same way. I was like, listen, but anyways, yeah, so guys, I kind of got off off track. But we're talking about zero down grants. Okay, that's something that we have available to you. Okay, we have been approved. Our lender has been approved for these grants. So they got an $18 million grant that's only allowed to be given out to, I think 900 families. Oh, wow, yeah. And they still have about 800 families they can give it out to. It's first come, first serve. Okay? Now it is for healthcare workers, people that work in education, people that do public safety and guess what? Construction workers.
Becky Coins 9:02
Oh, wow. But like you said, it's a big net in each one of those categories.
Monique Buchanan 9:06
So it's a wide net you guys. So when I say health care workers, I don't mean just nurses and doctors. If you are at the front desk pointing them to where they have to go, and you're doing it from a health care establishment, it's very likely that you will be approved for this $20,000 grant. You can use it for your down payment. You can use it to buy down your rate. But guess what? Guys, the rates are down. The rates have come down. FHA, my lender is telling me is around 5.75 right now. We have not seen
Becky Coins 9:34
no five front of anything in quite a minute.
Monique Buchanan 9:38
You guys, last year, I paid $15,000 to buy my rate down to six and a quarter. Do you imagine? Hey, I happily did it. I don't regret it. Because guess what, as these rates go down even just a little bit more, I'm refinancing one more point, and me and Becky might not even be able to do the show. We'll be so busy, right, right, the phone's already ringing, right? So just know that. But anyways, our number 7029, 84, 3700, this is a grant to pay your down payment, and or, I should say, or to buy down your rate. So if you already hit, say, Mo, I'm looking at a $400,000 house. I already have $12,000 in 401 K, I can pull that out. I won't be penalized. I'll use that for my down payment. Well, guess what? You can use this 20,000 to buy down your rate. So if it's at 5.75 you can buy it down to 3.75
Becky Coins 10:26
Look at that. Could you imagine? I
Monique Buchanan 10:28
see it all day long. I know a lot of the brand new home builders are already doing, oh,
Becky Coins 10:32
yeah, they're marketing that pretty heavy, yeah. But we need to know, we let people know that it's not brand new builds. We can do this on a resale Yeah, it doesn't need to be a brand new build. No, I'm talking they need to go that brand new build. And if that's for you, that's great.
Monique Buchanan 10:45
Yeah, but you don't not have to buy brand new for us to get your rate downtown threes, because what we do is we will negotiate for you from the seller to buy your rate down. So even if you weren't planning on using a down payment Assistant Program, like what I'm talking about right now, that's fine. If you already got the money saved up. Guess what? We negotiate closing costs right now, but that window is shutting as well. Yeah, it is. Do you know the last two years, I can confidently say every single one of my buyers and yours, yeah, got at least $10,000 in closing costs. We negotiated at least 10,000 or more every transaction, even last year, when the rates were in the sevens, you know, we bought it down for them. So that's what I'm saying. You guys, 7029 84, 3700, this is a $20,000 grant. Health care workers like Becky said, the net is wide, so don't count yourself out. It's a five minute conversation to see if you qualify. Education workers, I would go as far as say, probably even bus drivers. I would think even the bus drivers, of course, they're part their education system, playing their part, public safety workers, construction workers. This is for you guys. Okay, now we do have grants that are for nurses. We have grants, you know, for our culinary workers. There's a multitude of grants out there, zero down, grants that we can educate you on and we have access to. Not everybody has access to these grants. So that is imperative. When you go to your bank, they might say, What in the world are you talking about? We don't have that here, right? Because they don't have it there. So don't assume everybody has it they don't. So 702984, 3700, your income limit has to be under $142,350 now you can have multiple people on a loan. Keep that in mind. So if you've got kids, or if you're just really good friends with somebody that you guys want to invest together and then down the road, pull equity out and let that friend move on, take the equity and get their own place. You know, that's something that people do very regularly, right? And you can purchase up to $800,000 806, 500 to be exact. But that's a hefty mortgage. But hey, if there's
Becky Coins 12:48
a few of you going in on it, it might, it might be working out for you that millennial house hacking we were talking
Monique Buchanan 12:54
about second several weeks ago. It needs to be Boomer house hacking now it's everybody, right? So keep that in mind, guys, first come, first serve. They still have around 800 families that can help. But once the money's gone, it is gone. 702-984-3700, $20,000 to pay your down payment on your 2026, home, you must be a first time home buyer. It has to be your Nevada residents, this is not for a investor, all right. So keep that in mind, this is for you to have your own home. All right, that's the point of that.
Wesley Knight 13:27
Monique Buchanan has served the community for over 10 years, helping homeowners, probate, families, first time buyers with zero down, grants and investors nationwide, serving all 50 states and 24 countries worldwide, 7029, 8437, 43700, at realtor Monique Buchanan on Instagram, the Monique Buchanan team experience you can trust. And now back to the Welcome Home Show.
Monique Buchanan 13:51
All right, so let's move on. There's so many different grants out there, right?
Becky Coins 13:54
Becky, oh, there's lots of them. Our lender, he's going to go through all of them with you. He options, yeah, you might be calling and saying, Hey, I heard that one that Mo was talking about that only had 800 people. 100 people. But what
Monique Buchanan 14:04
about, you know, yeah, he'll say, Well, I've got this other one and I've got this one.
Becky Coins 14:07
He's gonna say, you're, you know, whatever your profile looks like, this one might be a better fit for you.
Monique Buchanan 14:12
He looks at everybody's specific like you said, financial profile. And he'll say, well, listen, we can do that all day long. But hey, you've got 401 K over here. Now, if you pull the money out of 401 K, it's only 12,000 that means your rate is gonna go from 5.75 to now, you know, it'll maybe just be 4.25 so that's what I love about him. He takes the time to look over everything, your car note. Yeah, he'll say, Hey, how about we refinance this? He'll walk you through refinancing your car note. He's done this, I know, been like, my buyer was like, he got $1,000 car note. And Anthony told him, Hey, because he was like, Well, you know, the payments a little bit high. He goes, Well, how about we save you about $600 on this car note? He goes, Well, how do I do that? Can't do that. He didn't even think to do it. Anthony got that car note down so far to where now it was like a wash. He was so happy. Happy his you know, he was like, Okay, now I'm comfortable. Yeah, I can afford this. I got the house I want, and I get to keep my car. So Anthony really deep dives. He doesn't just, you know, treat you like cattle. You're in and out, and if you're not immediately approved, educate you. And that's us. We don't do that. We will stick with you. We've stuck with clients for two to three years before, and walk them through, getting their credit repaired, or, you know, whatever situation tax is, whatever they've got going on, we've helped them with so we don't just drop you okay? And by the way, Anthony's has a new system. Now you don't even have to upload documents. I know for most of the most, yeah, what is it like? 70% of the people don't even have to upload because everything is online now, guys, it's kind of scary, but hey, you want it to work in your favor, right? So all these big casinos or wherever you work, these big companies, they all have this stuff online. So his new system doesn't even make you upload documents, most of you, and if you do have to upload, guess what? You still get a underwritten approval same day. There's very few people out there that can tell you for sure that they can close you in two weeks. And that's really a game changer, because as people do jump in and they're fighting for a house, when me and Becky Go and tell that seller, hey, we can have your money in your hand in two weeks. Oh, believe me, he's not looking at any of those other people. That's right. He's gonna say, oh, let's sign your girl, your girl and your guide, or whatever they're gonna get this house. So just keep that in mind, you guys. And then, since I brought it up, there's other grant programs out there. You, by the way, credit score needs to be 620 or higher. We do have options to help get that taken care of. We sure do. We will work with you. We've got a team of lawyers. 620 that's not you think it's hard. It's not. Oh no. Our guy can get you over 700 typically within one month or less. He helped me. And I'm not ashamed to say he helped me with my credit. I mean, my credit is over seven now, because of him, I could just never get it there. Like, what am I doing wrong? You know? But anyways, guys, well, here we go, ranting again. So something I want you people out there to know that I've already bought a home to there is no waiting period for refinancing your home. Okay, that's a common misconception. There is no waiting period, all right, so keep that in mind. And why do I bring that up? Because maybe you're ready to grow in your house, maybe you need more room, or maybe you're ready to downsize. I had a talk with a girlfriend at Home Depot, because I'm just finishing up that that investment property, you have to go get a range. Anyways, I ran into her there, good friend of mine, and she says, you know, Monique, I want to, I really want to get a bigger house. And I said, Oh, do you I said, You better hurry up, girl. I know. She goes, Well, what are you talking about? I said, Listen, if you want to get a bigger house, you better come on, because your options are going to be few and far in between. And I give it two months, and I'm not, I'm not joking, in two months, I believe these rates are going to come down. It's going to be a feeding frenzy by summer. I really, honestly believe that I'm with you there. And if you guys remember last year I told you, the rates would be down by first quarter. We're already there, 5.75 so it's coming true, right? But anyways, I told her that, and I said, you know, you don't have to sell your property because she's older, not older, but she's my age, and they're, you know, over 40. You thought I was gonna tell my age? No, anyways. So I told her, Listen, we're not getting any younger, so I wouldn't tell you to sell the house, even though I'm a realtor. Sure this is my bread and butter. I'm not gonna give you advice I wouldn't give my sister. So I said, we can rent it out, right? Once we rent it out, that frees you up. A lot of people don't know that frees you completely up to buy another property. And guess what? There? We even have a grant for that. If you rent that property out, we have a grant that would actually pay your down payment for the next property. But more than likely you won't need it, because you can do a cash out refi, right, pull some of the equity out. Most people right today have at least 200,000 in equity. Most folks today are sitting on at least 200,000 in equity with their homes so they can tap into that, pull out 100,000 whatever, dump it on the next property, let the tenant pay off their first property. So now you're not losing you're still building equity on that property. You've got a tenant paying your mortgage, right? And like she told me, her mortgage was like $2,000 I said, Honey, you can rent that thing out for 2500 right now. So she's making $500 and now she could put that towards her new big, bad house that she wants.
Becky Coins 19:10
Yes, ma'am, but the window is shutting again. All of the options that people know that they
Monique Buchanan 19:14
have, and that's what we're here for, to give you the options. And she's talking to her husband. Have a feeling to get that phone call tomorrow, but no, honestly, you guys, you know, I told her, if you want your dream home, you better come on, because once that feeding frenzy starts, it's gonna be hard for you to get that house that you really, really wanted, and you're gonna end up in the house that you didn't want to be in for 20 years. Yeah, you know what? I mean, sure, the payments, wonderful, but guess what, you can rent it out and make some money. Yeah, a lot
Becky Coins 19:40
of those people that are a lot of those people that are sitting like you said, on those houses with those low
Monique Buchanan 19:44
interest rates, yeah, they said, Where am I gonna go, honey, to the to your dream house. That's right, you're gonna go to your dream house and, you know, oh, the rates are high. Okay, but guess what, we'll buy it
Becky Coins 19:54
down because they're coming down, they're
Monique Buchanan 19:56
coming down, and we still can buy it down on top of them coming down. Right? So anyway, 702-984-3700, you can follow me at realtor Monique Buchanan on IG and my email, in case you're kind of shy and you don't want to give me a text or a call, is welcome home. Show 91.5 at Gmail. Welcome home. Show 91.5 at Gmail. So that's what we're here for. We're here to, like, drop these nuggets. Hopefully this stirs you, know, stirs you up, stirs your home ownership or you're investing up. In fact, let's pivot over to investing. My goal this year is to buy two more properties, and my favorite way to buy is an investment loan. And it's funny because I had a previous client call me. I don't think I even told you this last week, she called me up. She owns a hair and beauty supply store and but she's like most, most of our you know, people, cocktail waitresses, included industry people and entrepreneurs. We, you know, we write write it off, just to be honest. And by the way, it's tax time, please don't write it off. If you're thinking about buying a home or property and you want to buy it traditionally normal, you don't want to write everything off. You guys, that's the number one thing that just, you know, it's like, womp, womp, womp. When they call the loan killer, it's the loan killer. What bank is going to loan to you if you're saying you don't make any money, you guys, come on, Anthony, I want to buy a home of this amount. Okay, well, the bank's gonna need to see at least this amount. You want to be honest and just go ahead and bite the bullet, pay your taxes, you know, and be done with it. So you have you can't write everything off, you guys. I'm not a CPA, but I will tell you this, no bank's gonna loan to you if your paperwork says you didn't make anything last year or that if you're in the negative and you got a check back for $8,000 because that's what happened with her. I love her to death, but I say, girl, you can't do that.
Becky Coins 21:47
I love how Anthony and even some of the CPAs, they'll lay it out for you and let you know that $8,000 is one thing, but you're gonna make so much more by doing
Monique Buchanan 21:55
it your other way, buying the property. Yes, you think you're saving but you're shooting yourself in the foot you're losing yourself money. But anyway, so I went on another rampage. So this, this loan, does not look at any of your taxes, none of your personal income. So if you owe taxes, guess what? It doesn't care, not you know, because I actually owed a little bit in taxes, but they didn't even care. They're not looking at that. Now I have made, you know, my arrangements, and by the way, if you have, if you do owe taxes and you want to go traditional and not use the investing loan, you can do that as well. You just have to make three payments to the IRS showing that you're making your payments towards whatever it is you owe. But with this particular loan, let me get back on it and try to stay on it. It's an investor loan. Okay? This is not for you to live in. This is for you to rent out and make money, Airbnb, whatever you want to do so you have got to put at least 20% down. Sometimes they can wiggle 15, but just tell yourself 20% down. That's normal for investments, right? And then you have to have at least a 680 credit score. And here is the kicker, where me and Becky come in at this is the part that we do for you. Okay, we must find you a property that's going to produce income enough to cover the mortgage. In other words, if your mortgage is $2,800 on this investment property, we have to make sure the property can rent out for at least $2,801 Okay? And you can buy as many of those as you want. So you know what I told her? I said, Listen, you only have to rent it out, typically, for about a year. Yeah, after that, you can talk to the lender and see if you can go ahead and move in it yourself after you've made money for a year, which, you know, obviously consult with them, but I'm pretty sure that's what you can do, because most times, you have to live in these properties for a year, and then you can move in it to yourself. Because she said, Well, you know, I don't know. I don't make anything. I said, Okay, well, if you don't make anything, start saving your money. Saving your money. Yeah, save your money, because as long as you have the 20% down, she has credit score. She has 730 credit score, yeah, yeah. And you already own a property that I that we bought together. You already have a primary. Live in your primary for a year, get your you know, property that you're going to invest and rent out for a year or so, talk to lender after a year, say, I'm ready to move into it. I'm pretty sure they're gonna say, Have a good day. Go ahead. You know what I mean? So, so there's ways to do things you guys a
Becky Coins 24:09
year too. You can even convert it over into a regular loan afterwards, I believe.
Monique Buchanan 24:13
Yeah, yeah. She could vote, yeah. Well, then she'd have to actually claim that she made
Becky Coins 24:16
she has that year to do that while she's writing it out.
Monique Buchanan 24:19
Yeah, she does, and that's true. And I said, well, hopefully you make some money this year if you want to go traditional, but if you don't, you know investors, you're able to buy multiple properties. I have bought multiple properties using this loan, and it's great because, once again, I already have my primary residence, right? But this doesn't have anything to do with my income. So I can buy multiple but it's making you money, but it's making me money, thank God, right. So just something to chew on, if that's one of your goals for this year too, is to start investing in properties. Hey, they don't care that you owe taxes. They don't care that you owe whatever you owe. They don't care that they don't want to see any of you, any of your proof of income based on the property. Yes. So even our cocktail waitresses and bartenders could do something like that. Oh yeah, do the investment route. And, you know, Hey, be an investor for a year, yeah, and then take over the property afterwards. Just make sure to talk to the lender first. And I'm, you know, hey, there you go. That's a workaround, right? But anyway, now they do have the bank statement loans for, you know, industry workers or whoever you know, but the thing is, like that was what Alicia used she for six months, went to the bank, put her, you know, tips in there, and made sure that there was a record of her tips, and then she did the bank statement. It comes at a little bit higher of a rate, though, so just keep that in mind, your monthly will be a little bit higher. But business owners, you can be approved by using your profit and loss statements, right, or your bank statements as well. So business owners also include Uber drivers, yeah, anybody that's, you know, a 1099, you're a business owner. Okay? If you don't get a check, you're a business owner. All right, so just keep that in mind. Something else I want to kind of touch on when you buy these properties, please keep in mind that we get you a home warranty plan. What is that? Mo it gives you peace of mind. So you've been renting all these years. You're used to picking up the phone and saying, oh, something's broke, please come fix it. And they do. Well, guess what? That's kind of how your home warranty works for you. When you see these commercials that are like, oh, all these things are going wrong, which is funny to me, because I've been an owner for what, 11 years now, but I've had a home warranty. So I've had, there's been no sweat off my back. You know, my hot water heater went out, bam. It was fixed for $70 my both of my air conditioning units went out after I lived in one of my houses for three years. That should have cost me, I think, 14,000 because I think they're like seven grand each for the ones that are low end. Yeah, yeah. I paid $1,000 total because I had a home warranty. So you guys, I always tell my clients, think of it like an extended warranty on your car, but it's an extended warranty on your house. Typically, it just covers all the major components of your house. And you know, it's all a cart. You could add the appliances and all that on there. It's like 500 bucks a year, yeah, and we get the seller, yeah, part of our that's what we get them to pay for. Typically, with the first year we have the seller pay that for you, then you just keep it up. So that gives you peace of mind, plumbing. When I bought this last house, all of my muscles, things, under the under the sink, the shark bites. Yeah, I got a plumber to come out. He told me would have cost me $1,000 I called my home warranty up. I paid $100 my entire house has all new shark bites because my home warranty put it in. They sent somebody out, took care of it. Peace of mind. Peace of mind. Guys, don't feel like, Oh, if I buy a new home, I don't have money for repairs. Who said all these repairs are gonna happen? We live in the desert, like Seattle has 100 year old homes. I get it, it has rain, it's got all kinds of things beating it up. We live in the desert, like our oldest house is still in pretty good condition.
Becky Coins 27:39
You know, we don't have those, those houses that are, you know, 100
Monique Buchanan 27:42
100 plus years old. They've got all the issues and termites and things like that. No. But anyways, not to say that, you know, we're gonna always that's another thing you you're gonna get an inspection done. A professional is gonna go out there and for two hours look at that property, make sure that it's in, you know, good use for you, and give you a report. But anyways, we got to wrap the show up. We didn't even get to touch on a lot of the things. So next week, we next week we will cover some other nuggets for you guys. I hope you enjoyed the show. Becky, thanks for coming on and making sure that I didn't miss anything. You always thanks for chiming in, making sure I try. Yes, you do a great job. And you know I'm I love you. I'm sure they love you too. We just have so much that we want to tell so much they want to tell you, but we love you. 7029 84 3700 and at realtor Monique Buchanan, you guys have a great weekend. 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 at.
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