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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. Welcome Home with Monique informs you on best practices to navigate the housing market so that you can start building your wealth through home equity.
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You're listening to locally produced programming created in KU NV studios on public radio K u and v 91.5.
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The content of this program is sponsored by CMG financial, 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 on the radio
Unknown Speaker 0:36
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, I want to thank you for tuning in to the welcome home with Monique show. I am your host, Monique Buchanan, your realtor, your friend in real estate. Listen, I want to start off by saying I'm so sorry about last week's program. It was a really good program actually got quite a few of you guys calling me about the grants that are still available. And yes, they are. But I just want full, you know, a disclaimer, that show was a rerun, because I was actually out in London, and in Ireland last week, handling some business and kind of mixing a little bit of pleasure in there as well. So I had my producer play a show from last year you guys. So if you'll notice it was saying how hot it was outside? Well, no, that was not the case last week. So please forgive me. But yes, we still have grants available. If that's something that you would like to look into. Yes, you still are a first time homebuyer if you have been renting for the last three years. But before I get started in my schpeel I've got a guest here. And listen, this is something I've been wanting to do for you guys for quite some time I've been wanting to bring in my personal favorite title company, and let her go over why you guys need a really good title company to represent you when you're purchasing properties. What does it mean to have title insurance, all that good stuff. I want to welcome Miss Amanda Smith. Hi, Amanda. I'm Monique. So Amanda Smith is the clear title representative. Okay. One of my favorite escrow officers over there is Deseret, right? She is the business, let me tell you, that girl knows her stuff. She is an escrow officer that has been in the business since she was literally 17. And I'll explain that her mother was an escrow officer. And just like a lot of us mamas, we bring our kids on in and make them get busy. And so she had her working the files even at 17 years old. So she's literally been doing, you know, escrow for over 20 years, and clear title. So I'm just gonna go ahead and jump in it with with Miss Amanda. So one question I want to ask you. There's a lot of people out here that are already in the process of maybe looking for a home. Okay. And they're, you know, they come from other states where they have attorneys that represent them, right. But Nevada, we are a title state. So we actually use title companies. What is your description of a title company?
Unknown Speaker 3:08
So, essentially, title companies, even if they are in what we call the roundtable states, which is mostly east coast, the title insurance essentially protects lenders and homebuyers from the financial loss when there are defects on title. And that's pretty much that from east to west coast. I mean, that's what title insurance is versus home insurance right protects you from something that may occur later down the road to your home. Title Insurance is something that you don't see it because it's something that protects you from things that happened typically in the past or fraudulently think fraudulent things that may happen in the future. Okay,
Unknown Speaker 3:46
that makes sense. So like, so homeowners insurance that that protects you against you know, a fire in the house, or God forbid, you know, something happens within the home itself, but title insurance and I always like to think about Texas because you know, a lot of the homes out there, you know, back in the day, they didn't transfer title properly. A lot of times it was a handshake deal, you know what I mean? That's very common. So here you go and you go down there and you because that's what I did before I got my license I actually was buying a property in Texas and what we call struck off deals. So a lot of the times I could not get title insurance and the reason was they could not insure it right because what do you guys do you guys like Look what 100 years back or how how do you guys do that?
Unknown Speaker 4:30
Yeah, I mean it can vary depending on the title company and the title searcher the examiner essentially. But yeah, you're talking about chain of title right. So along the line, somewhere down the line, when we do that examination examination sorry. Those searches we look to see where the chain of title started, and where it changed along along the way and if there is some discrepancy from our when if there's a chink in the chain, any chunk in the chain right has to be fixed right before we and call it a clear title. Okay, so title insurance would effectively take care of those items for the homebuyer. Right?
Unknown Speaker 5:07
Right. And you know what's funny is that me and you were chit chatting before we started the show. And I was telling you about a story that just happened just last year, like November, one of my favorite neighbors, you know, she called me and it was heartbreaking. She was over in the Philippines. She's a nurse, over in the Philippines with her family, she comes home, she was over there for about three months comes home to a foreclosure letter on her door. And she's baffled, because she's had this property for five years, she's always paid on time. Turns out, she bought the property from the lady she was renting from. And the lady owed had a second on the on the property that she was not aware of for $60,000. Now, all this time is past five years. So imagine how much she owed. Now, what's really the lady owed, but it does not matter. It's attached to the proper aid. Correct. So now they're telling her that she has to pay it, or she will be foreclosed on her home will be taken, although she has done really nothing wrong. And that is the case, you guys. So it's it's so important to get your title in because she did not have it. So she just went in. She did not get title insurance.
Unknown Speaker 6:18
Yeah. And I think a lot of people have this misconception that if when the initial search is done, and nothing is seen, oh, well, then it's fine. Why do I need to have title insurance. And this is a prime example of why it's so important to have title insurance, because there could be things going on behind the scenes that has not been filed against the property now, or in the next three months in the next five years. In their case, that the insurance that they did purchase, when they bought the home would actually take care of is she would have been sitting just fine. If she had the title insurance. And in this case, I don't know all of the facets of of what had occurred when she bought the property right. But in this case, had they chosen not to opt out of the title insurance, everything that she's going through right now would be wiped away, that insurance company would be paying for the litigation to take take care of this. And essentially it would be in this case, they would actually have to pay out the money that is owed in order to clear it. So I mean, and
Unknown Speaker 7:18
that's the thing. So just once again, back to Deseret like that clear title, okay. That's why I love her, you know, since I was a brand new agent, and if you if there's any new agents out there, or even seasoned agents, and you're looking for an amazing escrow officer that will handle your deals, that will get them done professionally. And expediently Deseret right clear title you guys. Another thing that I love about her is that I reached out to her that she has nothing to do with this at all. She's not going to make a penny. But Deseret writes heart is in it. Okay. So I called her I told her the situation. She said, Monique, let me look into it. And that's what she took her time to dig into it, you know, and find out. And that's what she said. She said, hey, if she had the title insurance, she could have filed a claim and it would have been taken care of. But now, instead of paying $1,000 for title insurance, she's up against, you know, $60,000, possibly or more. Luckily, you know, some things worked out they worked, worked it out with her and she was able to move past but that's still gonna follow her and now she's paying somebody else's debt that she really shouldn't have to pay. So you know, but you don't know what you don't know. And that's why we have this show. And if you're just tuning in, this is Monique Buchanan, you're listening to the welcome home with Monique show. I am a local Las Vegas Real tour. I love to assist buyers and sellers in the Las Vegas Valley and actually within 18 countries. I have a you know, colleagues that I can assist you with and that's why I said I was just getting back from London and Ireland got a buyer of mine that was wanting to purchase property in Ireland. So I said, Hey, I'll go
Unknown Speaker 8:55
over there with you. Great. Hey,
Unknown Speaker 8:58
we're listening here with Miss Amanda Smith. She is with clear title. And yeah, so we're just talking about the importance of getting a very clean title. And that's what you guys do as a title company. Make sure that there as you transfer the property over into the new buyers name. There's they can have peace of mind knowing that, you know, sometimes there's like what, what are they called mechanic's liens, mechanic's
Unknown Speaker 9:22
liens? Yep, yep, for sure. And those are again, going back to what I was saying earlier, you're not going to see those all the time when you're actually buying the property because mechanic's liens or any liens for that matter, there's a process so if I'm selling my house right now, knowing that I didn't pay past bills, but it's not showing up, I might be thinking in my head, well, I'm going to be able to pass this off to the next person. Right? So I mean, I know that's horrible to think but you know, barn always off on us and so you know, the next home buyer comes in and the title company we do our search, we do our due diligence, we check all of the public records and in court records and nothing should was up. Okay, great. Now we can give you clear title. But those the mechanic's liens are still in process because they're doing their process that they have to do, right, they have to wait a certain amount of days before they've sent certain amount of letters before they can actually record anything against the property. Right. So now I'm the new homeowner. And lo and behold, two months later, something pops up on my title. And I would have had no idea Well, now it's my responsibility, because it's a filed against my property, because now it's my property. Insurance will take care of that, right.
Unknown Speaker 10:32
And we've had issues like that where the person knows that they're going to sell, they know that they have some issues with the pool, for instance. And, you know, they get the pool done, and then they hurry up and sell. And then guess what that lien will pop up after with the new buyer on their property. So that's why it's so important. It's not even that expensive, you know what I mean, to have that peace of mind and not have to be put in that position? That's well worth $1,000. To me. Oh, for sure. But I mean, you guys do much more than just that for that. But I'm just saying that that's the main, the main component, right,
Unknown Speaker 11:06
and not having to go through the court processes and all of that. I mean, what a headache. What a stress, right? I mean, it's more than just financial, you are, you are just bombarded with stuff that you're like, I don't know what to do. I'm not an attorney. I don't know how to handle any of this. And I don't want to have to go to court and fight it. Like the title company will do all that for you. If you just remember, it's very important to get title insurance. Yes,
Unknown Speaker 11:28
absolutely. I almost feel like it shouldn't be like a, you know, they said, Would you like this? Yes.
Unknown Speaker 11:33
Yeah. And typically, it's not an option on only certain files, would it be an option, like cash buyers, buyers, and for any agents out there listening? This is so huge, and in your story alone to tell everybody. But a lot of agents don't understand that things can pop up after the fact. And so I've had I've been sitting at a signing table, and they're like, Oh, my agents that I don't have to take the insurance. And then I've had to tell stories like yours and say, Well, this is why I should yeah, you know, I mean, it's just what a disaster it could be if you didn't have insurance, so
Unknown Speaker 12:09
absolutely. So that's the that is the importance of a title insurance. Now tell us a little bit about clear title, company, clear
Unknown Speaker 12:16
title. Sorry, clear title essentially, just like any other title company does the insurance process, you know, to protect title and, and to protect funders, of course, but we actually have our own print shop as well. So for realtor purposes, I mean, we have a lot of marketing opportunities for you that you wouldn't otherwise get somewhere else. I'm very hands on. So you know, if I'm your marketing rep, I work with you directly we work on print stuff, you can send things to me and I could say hey, let's tweak this, let's tweak that. I sit down and we talk about marketing plans for four months out right we're gonna sit down here's a plan and this is what you're going to do and I just need you to email me when you're ready for the next thing to go out when you're ready for the next item because consistency is key and that's where agents sometimes fall off yes is they forget to be consistent with their marketing they forget to be consistent in their social media and staying in front of buyers and sellers and that's where I come in
Unknown Speaker 13:09
especially in this market you know, right now it's you know, it's peaking back up for my sellers but you're absolutely right marketing is key staying consistent is key. So yeah, that's you know, that's she's right I actually have my my packets made by you guys. They're beautiful. I always get a lot of other realtors asking me where did you get these packets? So you guys that are just are listening that are not in the real estate arena. We were just talking about like if I were to represent you as your realtor, I would provide you with what's called a seller's packet. And all that is you guys is just you know, telling you my marketing plan telling you who I am telling you what to expect along the way you guys know that I'm big on wanting you to know what's coming up next. So that's what we're kind of talking about. Okay, and if you're just tuning in, this is money Buchanan with the welcome home with Monique show. If you are interested in selling or purchasing a property, I can assist you My information is 702984 3700 702984 3700 you can always check out my YouTube Channel Welcome Home Show and catch me on IG realtor Monique Buchanan. Okay, guys, let's get right back with it. Amanda is with clear title that is one of my preferred title companies. And let me tell you another reason why I like to use your guys's company Deseret right once again, she She's able she's accessible. My buyers and sellers have questions. Sometimes this is not their first rodeo, but they still have questions, you know. So are they able? Well, I know they are. But are they able for my listeners to just call you directly and maybe they have a question like for instance, here's one. Amanda I'm sure you know about this question. Can I put my girlfriend on title? You know, or or can I keep my husband off title?
Unknown Speaker 14:55
We get a lot of that right. So
Unknown Speaker 14:57
can you explain a couple of those things? Maybe there's people listening to Oh, that they want to buy, but they figure they're not married? Can they bring along? Or put anybody on title with them? What's the requirements? Yeah,
Unknown Speaker 15:07
I think with every property, it's uniquely different, right? So I would say overall, the answer is yes, you can add or remove anybody from title. But there are some nuances depending on the situation, depending on if it has to do with the the lender during the process or after the process. But after the process, after you're closed, there's something called a quitclaim deed, you can deed somebody on, take somebody off, you guys can handle that. Right? We can help with that stuff.
Unknown Speaker 15:35
Example not to cut you off. But when you say there are certain situations, for instance, if you are a veteran buyer, okay, we have to wait till that deal closes. For my understanding. I'm not a title rep. But that's a perfect example. And I think that you have to be at least 18 years old to be put on title is that right? You don't
Unknown Speaker 15:52
but if you but if you add somebody on title, okay, that's under 18, they are not allowed to legally sign any documents. So if you go to sell that property, it's going to become a problem. Because that person on title with you can no longer legally transfer their portion of the title and other,
Unknown Speaker 16:08
you just hung up, you just get hung up. And so what do you have to try to get them off? Yeah,
Unknown Speaker 16:12
you've got to, you've got to work some stuff out. I don't want to go too deep into that, because I'm not Yeah, we, you know, in that legal field, but I've actually had that where they had, they did, you know, part of their title to their child in case something happened to them, which totally makes sense in their minds, you know, but I would say go with a will don't do that, because she ended up tied in to try to sell right. And now they had a child on the title that legally can't sign. Yes. So I mean, if because, you the where the problem comes, it comes in, as we would say no, but you can do that on your own. You can file your own deeds, you know, claims and things like that. The county, but you're gonna run into problems, I would always get advice from
Unknown Speaker 16:52
clouded title, right. Yeah. And that's an issue. So another thing is, unfortunately, people have lost spouses or loved ones that were on the title. Now, what happens in that situation?
Unknown Speaker 17:02
Depending on how the if they did, like joint tenancy, yeah, how they took title, that there's going to be a process for however it was, if it was half and half, versus if it was, you know, joint tenancy upon
Unknown Speaker 17:17
my death Han die pool portion of the home goes to my husband. Yeah,
Unknown Speaker 17:20
in that case, I mean, we would just need a death certificate, things like that. But if there was, if it was 5050, then of course, there's a process of what did this person have in their will? Who, who, who becomes that next person that takes that title over? So we have to have all those documentations for us to be able to move forward on our piece. So each situation can be a little different with that. Unfortunately, there's no one right answer.
Unknown Speaker 17:44
Yeah, that makes complete sense. But you guys, you see, you hear how, you know, educated she is on these things. And this is why I deal with this company, because they're very willing to answer your questions. And they get the you know, the deal done, and they get it done clean. Okay. So did you have any anything else you want them to know about? With clear title?
Unknown Speaker 18:03
No, we've kind of talked about the printshop. I mean, we're very hands on. So just like you had already mentioned, buyer sellers, are welcome to call us. Because there's so many things that specifically, the agent would still have to come to us and say, Hey, have you been able to look at this, that or the other? And what do we do? What are our what are our next steps, right? And just in like in the case of probate, in the case of, Hey, there's this will, if we everyday people look at it, we don't look at these everyday, we don't know and understand chain of title, we don't understand, you know, all the trustees and who has to be involved in the decision making process, because there can be a lot of people in the will or in the trust, but the title will be able to determine who's actually the decision makers. So they're more than welcome to call us just so they can have a better understanding of what's going to happen. And throughout the whole process. We're available.
Unknown Speaker 18:51
That's awesome. Amanda, thank you so much. And if you guys are wanting to reach out, or you know, have questions for Amanda, you can call me directly. And I'll get you with her 702984 3700 702984 3700. And I will get you with Miss Amanda Smith. And she will go ahead and answer all those questions that you may have that we really didn't touch on today, because our time, of course is limited. But I want to thank you, Amanda, for coming
Unknown Speaker 19:17
on having me. I appreciate it. Well, we appreciate you. Well, thank
Unknown Speaker 19:21
you, honey, we all appreciate you. And like I said, this show is all about, you know, just sharing the knowledge that we have. So that my listeners and my clients can be in the net. So thank you so much again. Okay, guys, let's continue on and let's talk about the current Las Vegas market. All right, not to rub it in your guys's face. You know I love you but I have to bring it up. You guys remember when I was warning my sellers or at least saying hey, this was like, You know what, last summer, or couple months ago before June let's just put it like that. I told you guys, listen, if you're thinking about selling please go ahead and you know hurry up and Let me list your property because this is the best time for you to sell. I was getting over and above list price, right? I told you that I said, I don't know how long this is going to last. The feds are supposed to raise rates. Guess what, June 1, boom, they raise the rates. All my poor sellers, they missed out. They missed out tremendously. You guys. Right. So now, I'm here again, telling you all about tension sellers. You can come out of hiding. When I got back from London, let me tell you guys, my phone was you know, blowing up. With my listings, I was getting a lot more action on my listings. I said, Wow, come to find out the feds are dropping the rates. They dropped it a little bit. That's all they had to do you guys and I warned my buyers. I said listen if you're in a position to buy, okay, you need to go ahead and let me score you a good deal now because once again, I warned you guys right now and what I mean right now I met from June until even right now I'm able to negotiate you a sweetheart deal. Okay? When I say Sweetheart, I'm going in. I'm asking 1000s I'm asking for closing costs. I'm getting sweetheart deals. The last I told you the last couple houses i I sold my clients were walking in with equity because why the rates were up not a lot of people felt comfortable buying with the rate being up. Well guess what? What did I preach? I just said Listen, don't be scared to buy with a high rate. Because guess what, if you're right about it coming down by now and just reify when it comes down? And if it goes up Aren't you glad you bought now the lower you know rate, it's a win win situation, you guys. So once again, buyers, the market starting to is starting to warm up every year around this time anyway, we start picking up you know the holidays are over, you know summers coming people want to go ahead and move during that time. So we always in real estate start picking up around spring. So there it is, disclaimer again, not saying that I know everything. I just know my market because I'm out there working it every day. You know conversing with other realtors asking them Hey, what's going on with your listings? This is what's going on with mine, you know? So I'm just telling you like I tell you guys, I'm telling you like you were my play cousins. If you were to come and ask me right? Tell you like I'll tell you my family. Right now if you're thinking about buying, the clock is ticking, because they're already starting to lower these rates. And we're I'm already starting to see more foot traffic to my my listings. What does that mean? That means that my sellers are going to be in a position again, to not have to pay closing costs very soon here. Okay, that should shake you as a buyer. If you're thinking about purchasing a home or selling a home. My number is 702984 3700. I am here to assist you. My sellers I'm here to get them the most that I can for their property. My buyers I'm here to try my best and negotiate it to where you're walking in with something already from that property. That's my mission. That's like what makes me happy in life. Monique Buchanan here with the welcome home with Monique show. We talk all things real estate. And on that note, let me go ahead and go over a couple of my listings. All right, the first listing I want to discuss is my condo over neighborliness. Some semolina camps say Summerlin because technically, technically and if you could see me I'm doing little quotes, but it's literally across the street from Angel park you guys. But neighbor Summerlin it is a two bedroom two bath and it does have a attached garage this this community is very unique because the way that they built these they almost look like homes. Okay, they're they're not your typical condo where you drive in and it's like, just looks like normal condos. That's not the case. They actually built these like, huge houses if that makes any sense. And the community is very well kept. You know, so and it's gated, you know, so there's a two bedroom, two bath condo I'm selling that one for 295 Okay, that's the asking price. All right. I have a net oh, by the way that that condos 1154 square feet, okay, two bedroom, two bath, one car garage attached. Okay, so you can pull in, walk right into your property. All right. Then I have the four bedroom 2733 square foot home and McDonald's ranch three car garage. I'm sorry. That is not the McDonald's ranch property. Let's do that. Again. It is a four bedroom three full bath okay and this property actually has a full bath downstairs with a bedroom downstairs so you know if you need that. It's very, very hard to find pretty rare. But you have a full bedroom and bath downstairs. This has a tandem three car garage. Okay, so it's it's very unique. It's very unique. It's a two technically two car but it has like a whole nother area. It's kind of hard for listen. Remember you guys can always see my properties also Are you how once I'm done listing them off 429,000 and 999 is what I'm asking for that property. So for 29 9994, bedrooms, loft, three full baths. Okay? Over 2700 square feet with a three car garage. I'm asking for her 20 999 9000. Okay, so the next one is my McDonald's ranch property. That one is actually a four bedroom plus a office, you guys. So you know, if you just want to grab one of those closets from IKEA and call it a five, go for it. It's a five bedroom. Right? But if you need that office space, it's there. So you have that McDonald's ranch gated private community, right three car garage, corner lot. You guys corner lot single storey corner lot. That one's going for 709,000 999. I just like to do the nine nines. I feel like it's good luck, right? All right, last one you guys is actually going live today. It's also in the MacDonald Ranch area. This is a single story as well. It's 15 102 square feet. And it is a three bedroom, two bath and it is right across the street from a very, very well known Park. I'll just say that. That one's going live today. So if you're interested in the single story that I'm mentioning, now, I want you to go ahead and use or you can you can text cadence to 702984 3700. Once again, that's cadence C A d, e n c e to 702984 3700. If you're interested in the property that is three over 3000 square feet and it is going for 709,099 private gated McDonald's Ranch community. That one is the one that is a four bedroom plus an office so technically, you could make it a five. And by the way, one of the rooms I forgot to say that you've got your primary with a bath of course pool bath, walk in shower, soaking tub, built out closet, right? Then one of the secondary rooms also has a full bath. That's major. Okay, so you've got two of the rooms, two of the four rooms have pool baths. Okay. And you have the office that you could turn into a bedroom if you need. Like I said that's, you know, the McDonald's Ranch area as well. And we're selling that one for 709,099. Okay, if you want to see pictures or find out more about that one, you can text Sierra breeze so the address is 113 Sierra breeze, you can text that 27029843700
Unknown Speaker 27:53
Okay, the next one is in the northwest valley. And or area I should say it's also a four bedroom three full baths as well. Remember, this is the one that has the full bath downstairs with a bedroom. And this is also the one that's over 2700 square feet. two car garage, but it's like a tandem. So it's almost like having a three car garage basically. That one's going for 429,099 Nine. You guys you guys get the picture right? If you want pictures or more information on that one you can text Ashley Rose 2702984 3700 702984 3700 You can text Ashley rose. Okay, and the address is 2511. Ashley rows. Alright guys, the very first one I spoke on was my quote unquote Summerlin neighborhood. Okay. Neighboring condo, and that address is 113 emerald forest. Okay. And it is a two bedroom, two bath and I'm asking 295,000 for that property. It's just over 1100 square feet with a one car garage attached. Okay, if you want to see pictures, or have questions about that property, you can text once again, emerald forest to my number 702984 3700. If you missed all this at the end of this show, I always play my number. Again, you can always call me or you can reach out via email. My email is Welcome Home Show 91.5 at gmail that's pretty easy, right? You guys can always check me out on YouTube, Spotify, Apple, my podcasts are all over the place. I appreciate you guys jumping on YouTube and liking and subscribing. Of course I need all your support y'all. All right, guys. Well, I love you. There's nothing you can do about it. And until I hear from you, Monique Buchanan Have a blessed 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 and please join me tomorrow at my church Living Word Church on hassle. I'm part of the EXP Realty Group. Alright, tune in next week
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