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Every fourth Sunday, Regana Kooman-Henry discusses various aspects of the home buying process and home ownership experience.
Unknown Speaker 0:00
This is a Kun V studios original program. You're listening to special programming brought to you by raganna Kum and Henry of Coldwell Banker Premier Realty. 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
Regana Kooman Henry 0:37
Music. Welcome to the Southern Nevada real estate Show. I'm your host, ragana, and I am a real estate agent and broker, associate with Coldwell binker, Premier Realty. I have been a licensed real estate professional since 1991 I am also a full time licensed real estate professional. Some of my accomplishments are I am a quality service award winner. I am a member of the Veterans Association of real estate professionals. I have assisted in all types of real estate transactions over the years, from first time buyers to experienced sellers, and also corporate buyers and sellers transferring in and out of Southern Nevada. Today, I have lots of things to talk about, so let's get started. I hope everyone's doing wonderful on this beautiful and bright Sunday morning in Las Vegas, Nevada. And today, I would like to talk about, first of all, transparency in business or even personal relationships. You know, in order for a business or personal relationship to work, you have to be transparent about everything. If the person you're dealing with does not trust you, trust you for business or a personal relationship, everything is going to be doomed to fail. This is why I promise all my clients that I will always be transparent and honest with them and all my dealings with them. This is why my past clients come back to me, because they know they do not have to worry or be stressed out about their real estate transactions, because I'm always in their corner and will always explain everything in detail with them, so that there shouldn't be any misunderstandings. I go through contracts in complete details so that my clients understand everything that they are signing. This is why my accountability and integrity standards are always so high. On another note, there is so much growth happening here in Southern Nevada. And on another note, if you are thinking about selling or purchasing a home, here in Southern Nevada, my number is 702-596-1267 again, my number is 702-596-1267 if you're thinking about selling or purchasing A home or now, if you are planning on purchasing or selling a home in another state, I can also help you to locate a real estate professional in another state, and if, for some reason, you're not happy with that realtor, I can reassign you to another realtor without the confrontation involved. Again, my number is 702-596-1267, let's talk and I and I can share with you my favorite advertised saying of I do the job right the first time, I always speak the truth, even though it might not be something you want to hear at the time. Again, the key to a successful business or personal relationship is always, always transparency. Now, on another note, regarding presidential election years and real estate values, I know there are some that are listening to my show this morning that are hesitant about purchasing or selling a home because of the concern that home prices will come down during an election year. Well, let me tell you the listeners something factual, home prices are pretty resilient. They generally rise year over year, regardless of elections. The latest data from the National Association of REALTORS shows after after seven of the last eight presidential elections, home prices actually increased the following year. So if you're concerned about your home losing value because of an election, you can rest easy knowing prices rise after most presidential elections, I will now like to ask the listeners out there, is there anyone listening to my show this morning that wants to sell their rental property? Now, did you know that you will have to pay capital gain taxes after selling your rental unless you perform what we call a 10. 31 exchange, yes, for all you landlords out there that have not ever sold a rental property before, I am making you aware of the consequences of several $1,000 of capital gain tax you would have to pay if you do not perform a 1031 exchange. For more information on this, my number is 702-596-1267 that's 702-596-1267 now I have done several 1031, exchanges in my real estate career. I am also familiar with divorce sales, probate sales, and also, if you are behind in your mortgage payment, I can definitely help you by selling your home for the top market price possible in order to keep you out of foreclosure. If you're behind in your mortgage payments, unfortunately, the worst thing you can do is panic and get taken advantage of from greedy investors that will give you a ridiculously low offer on your home because they know that you are desperate to not lose your home to a foreclosure. I promise I will work with you to get you the highest price possible, and also talk to your mortgage company in order to allow you enough time for me to sell your home. And after the sale of your home is completed, I will stay in touch with you in order to get you qualified in the future with the blender in order to purchase your next home. For more information on this, my number is 702-596-1267,
and I would like to talk now about the real vitalized program, which is a program that allows for repairs, professional painting, professional house cleaning, yard work, and so much more to be done up front and you as the seller do not have to worry about paying for this until after The home is sold. This will allow you as a seller to have the best opportunity to get the top market price for your home. For more information about this program, my number is 702-596-1267, this is a program for those of you that may have been feeling stuck on how you could possibly put your home up for sale when you know that there are things that you would need to do to your home in order to receive the top market price for your home. However, you just don't have the money up front to do this. The money that is owed for all the work on the home gets taken out when the home closes, and not before. And again, my number is 702-596-1267 that's 702-596-1267 now I would like to talk about a new Smart Home listing I have. These are the original owners. The home has north, south exposure, high vaulted ceilings, three bedrooms with a totally separate primary bedroom, upstairs, laundry room, loft. This home is not listed to the public yet. However, it's only four years old and is still under the builder's structural warranty, plus the sellers are paying for an additional one year home warranty for mechanical type breakdowns for the home. So it's just like purchasing a brand new home, but better, because it comes with all the extras that you don't get with buying a new construction home, unless you pay for it, extras like plantation shutters throughout the home, upgraded backsplash, upgraded sink in the kitchen, upgraded fixtures in the kitchen and in all the bathrooms. Pendant Lights in this kitchen, stainless steel appliances. The refrigerator in the kitchen stays under cabinet. Lighting even has a remote control shade on the back sliding door. Ceiling fans in every room. There's also a water softener system that is well needed, because, as you guys know, the water is hard out here in Southern Nevada, The backyard has a flat stone walkway, and it's priced at $512,999 for more information on this, you can reach me at 702-596-1267 that's 702-596-1267 now Let's talk about the real estate stats for last month in Southern Nevada. For anyone that may not have listened to my show before, I always let the listeners know that knowledge is power, and the more knowledge you have about the current Southern Nevada Real Estate. Market, the better you are in a position to make an informed decision on if now is a good time to sell or purchase a home. So here are the real estate stats for August in Southern Nevada. Number one, there were 2138 single family homes that sold in August. Number two, $476,875 was the median price of the single family homes that sold. Number three, there were 3153 new single family homes listed. Number four, $520,000 was the median list price for new listings in August. Number five, 5268 is the total number of all single family homes available, excluding offers. Number Six, $550,000 is the median price of all single family homes available excluding offers. Now 66.8% of all single family homes went from available to being in a contract with a buyer in 30 days or less. Now let's switch over to condos and townhouses. There were 573 condos and townhome combined that sold in August. Number nine, $292,000 was the median sales price of all condos and townhomes combined. Number 10, there were 897 new listings of condos and townhomes combined. Number 11, $299,900 is the median price of all the new condo and townhome listings combined. Number 1216, 140 is the number of all available condos and townhomes combined, both new and not new on the market for the month of August, excluding offers. Number 13, $285,000 is the median price of all available condos and townhouses combined that are both new and not new on the market, excluding offers now 61.1% of all condos and townhomes combined that sold went from being available to under contract with the buyer in 30 days or less. And if you missed any of this information, or you would like to know more, my number again, it's 702-596-1267 that's 702-596-1267 now I'm sure there are some people out there that are still like, I'm going to wait till Election Periods over with and like I said in a little a few minutes ago, prices over the years have been very resilient. So if you're thinking, Oh, I'm going to wait to purchase till after election, because maybe prices are going to dive well, statistics shows that that probably will not be the case, unless something really super unusual happens for this year. And for all you listeners out there that are on the fence saying, Hmm, is it a good time to buy? Is it a good time to sell? Well, knowledge is power. Are you listening to me every third Sunday of the month? I give you these stats for a reason. It's not to bore you. I know if you're not really into real estate, it could bore some of the listeners out there. But if you are committed to knowing everything you can about the Southern Nevada market, whether you're trying to purchase a home, whether you're trying to sell a home, then you're listening to the right station, 91.5k, U, N v8, 30 every third Sunday. And again, the name of my show is the Southern Nevada real estate show, and I talk about everything real estate, from A to Z and I'm about to get people on my show again. I used to have guests. I've had loan officers, I've had appraisers, I've had top manager at a title company. I've had a 1031 exchange manager at a title company. I've even had a Feng Shui master. If you're into feng shui, everyone that I've had is very dedicated to their field, and it's just to further gain your knowledge of everything that has to do with real estate. And I can truly say, over the years, I've been there, I've seen and heard just about everything you really get to know a person when you're dealing with their houses and their finances. Sometimes I know more than I should about my customers, but it's totally confidential, of course, and I do wear many hats. Sometime I'm wearing my psychologist hat. At some time, I'm worrying, even though I'm not a loan officer, I know a lot of things about financing from just being around my loan officer, because she's very dedicated in her field and has many, several years of experience, just like I do. And not every loan is for everybody, and not all. First time homebuyer programs are for everybody. Some of those programs, they go by ZIP codes. You may not want that zip code. Maybe you do, maybe you don't. Some of them have income limitations. Some of them may appear to say they're giving you, like, free money. But really, is there really free money in this life? A lot of those the interest rate is a bit higher, or many times. There could be something like a silent second mortgage that you don't have to pay on every month, but when you sell the home, you have to pay it off. So you have to kind of read between the lines. And I do have good financial loan officers that can guide you, depending on your situation, it would be who I would recommend to you for the financing. Now, if you're a veteran, veterans have some of the best deals right now. Interest rates are super low for a veteran, and also I don't there may be some veterans out there that may not know they can get in with no down payment, and that's a true no down payment and with a better than average interest rate, a lot of times better than conventional or FHA rates right now, if you like more information on anything I just mentioned to you again, my number is 702-596-1267, that's 702596 702-596-1267,
how about this weather? Anything under 100 degrees? I think I'll take it. What about you guys starting to cool down? You know, I love I love the summer for the day, staying daylight longer. I love having daylight still at around eight o'clock in the evening. That's the only downside to winter is that I don't mind the winter temperatures here, because it's a lot milder than where I come from in upstate New York, where we can get below zero. So I don't mind winters. Winters out here, to me, are mild, and when they say it snows here, it's a joke. But what I don't like is the driving skills out here. A lot of the drivers out here are not used to wet weather, because they're from the West Coast, never been to the east coast or even the Midwest, where your weather's a bit more wet. So you do have some challenges on the on the road out here, but I'm very happy when I see it even at 99 degrees right now, it's like we're coming down in temperature, guys. And when it gets to be too much, I'll, I'll drive up to Mount Charleston, where it's around 30 degrees cooler on average. So if it's 110 here, it's about 80 degrees at Mount Charleston. Be really happy when they open that Mount Charleston Lodge. You guys remember that loved it up there. You had live music. I love going up there on the weekend and eating outside the nature the green. It was a very good vibe up there. And be nice when the when the lodge opens, they do have the hotel up there. And I do go there breakfast or lunch or sometimes dinner, because it's cooler. However, it was something special about the the lodge, because they did have the live the live music up there. So any questions kind of went off on a tangent. But any questions you may have, don't be shy. I am an open book. I am talk about transparency earlier. I am so transparent, you can just see right through me. I am an open book, and I'm here for you, the customer. My model is to do the job right the first time, and that's what I always strive to do. I don't believe in cutting corners in my job, I believe in doing it right, even if it takes a few extra steps, causes a lot of a good transaction. When you do things in order, very orderly, and you do things very detailed, it makes for as good of a experience as possible for my customers, and that's what I aim to do, I also work with corporate customers moving in, in and out of Southern Nevada that's been transferred in and out of Southern Nevada. I'm part of corporate relocation at my company of Kobe Banker Premier Realty. So if you or someone you know is planning a job transfer or corporate transfer, move my number again, 702-596-1267, that's 702-596-1267, again, if you have rental property, don't get caught up with capital gain taxes, because many people are not aware you sell a rental property. Yeah, and you don't conduct it, what we call a 1031, exchange, you will definitely pay capital gain tax. And who wants to pay? Uncle Sam if they don't have to. So again, if you'd like more information on that, 702-596-1267, if you are going through a divorce, it's not something that I feel happy about working with that type of situation, but it's part of life, and if you're going through something like that, I can be very neutral between husband and wife and without taking sides. Unfortunately, experience this many times in my career, helping divorcing couples. Again, 702-596-1267, or if you have a probate cell, if you've had a death in the family, and you know the home has to go through the probate process. Very familiar with that. I got a couple of those going right now. Again, ready to close. 702-596-1267, so anyway, guys, let me know what you would like for me to talk about on future shows, or what type of real estate oriented guests you'd like me to have. I am very much open to suggestions, because I want what you want as the listeners, as my future new clients, I want to know what's important to you. If there's anything today that you wished I would have talked about, I'll see if I can talk about it or have a guest on my show. If it's something very specialized to talk about. In order to give you that vital information, I do want to be your one stop shop for all your real estate needs. I've seen when, well, I can't say I've seen everything, but I believe I've seen enough that I can work with it. And also, I am experienced in many, several parts of southern Nevada. I service Henderson, I Service Las Vegas. I service North Las Vegas. I service Pahrump and mesquite. Anything else that may or may not be out of my field, you'd have to let me know where the area is, and if it's out of my field, out of my area, I can always do what we call an outbound referral with someone that we've Our office has done referrals back and forth with, so you don't have to try to find someone on your own. And again, if you're thinking of selling or purchasing a home in another state, I am your one stop shop. Even though I'm not licensed in another state, I can do a referral of someone that I've done business with before in that other state I worked with almost all 50 states, I would say, and if I don't have someone, I can make sure I go through my company to find someone appropriate that our relocation department has used before in order to get you The best service and the best real estate agent possible in that city or state that you need real estate service. And I am ragana kumin Henry, your host of the Southern Nevada real estate show that airs every third Sunday of the month at 8:30am now my number again, it's 702-596-1267 that's 702-596-1267 and my license number is BS, 27880, you can follow me on Facebook, Instagram, Tiktok and YouTube. Thank you so much for listening to my show, and of course, I wish Everyone listening a great Sunday and a great week. You.
Unknown Speaker 24:04
You can catch ragana kumin Henry Every Third Thursday at 220 in the afternoon with Rita live in her new time slot right here on 91.5 FM. Jasmine Moore.
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