Opportunities in the Las Vegas Real Estate: Navigating Mortgages, Divorce, and Estate Planning

Imagine stepping into the vibrant heart of Las Vegas real estate, where every corner turned is a new opportunity just waiting to be seized. That's the journey we take you on, as mortgage rates take a dip under 7%, sparking a flurry of property showings and a competitive seller's market. Get clued up on the ins and outs of the current landscape with our panel of experts, including a real estate guru and a divorce financial advisor, who unravel the complexities of navigating property during life's transitions. Whether it's selling high in an opportune market, refinancing to keep treasured family memories intact, or the strategic moves in estate planning—know that this episode is your golden ticket to understanding the financial and emotional stakes of real estate in Sin City.

As we traverse the unpredictable terrain of home ownership and rental markets, listen to the tales that color these decisions, from the emotional tug-of-war in divorce to the strategic deliberations in estate planning. Discover why owning a piece of the Vegas skyline might be the financial bulwark you need, even as rent prices begin to stabilize due to the city's construction boom. More than just numbers and statutes, this discussion weaves together the heartfelt narratives of individuals wrestling with their legacies, the anticipation of newfound wealth, and the profound impact of legal frameworks on personal fortunes. And remember, as we chuckle over a Spider-Man quote, with great assets come great responsibilities. So, buckle up for this roller coaster ride through the glitz, glamour, and gritty details of Las Vegas real estate—it's a bet you can't afford to miss.

Transcript

Speaker 1: 0:14

Hey Las Vegas. Thanks for joining us back here on Vegas Realty. Check your Las Vegas Real Estate News show. I'm Trish Williams and I'm Tiana Carrol. Welcome back, las Vegas and happy new year.

Speaker 2: 0:24

Happy new year.

Speaker 1: 0:26

Welcome to 2024.

Speaker 2: 0:27

Here we are, first week 2024.

Speaker 1: 0:30

So this first week of the year, how are things going in our real estate market?

Speaker 2: 0:36

Man, it's like they has flipped a switch in my opinion. Yeah, yeah Things. I mean it started to right before the holiday started to get a little bit busy, when those rates dropped under 7% and then they slowly been ticking down. Holidays slowed us up a bit, but I think, now that the holidays are over, that 2024 is just taken off with a running start.

Speaker 1: 0:58

Yeah, I've ran into a couple properties already with multiple offers. Increase on showings is, I'd say, 100% or better increase. Yeah, yeah.

Speaker 2: 1:09

And we'll have a better idea next week when all the official numbers come out.

Speaker 1: 1:12

Yeah, yeah, absolutely. Well, the numbers are going to report December, so really we're not going to. We'll be finding out the official numbers in February of how much of a difference it is compared to December.

Speaker 2: 1:23

Sometimes people working in the real estate business here in Las Vegas. We are definitely seeing movement again. Yeah, and it is welcomed. Thank you, thank you, thank you.

Speaker 1: 1:35

Yeah, so how many single family homes do we have on the market this week?

Speaker 2: 1:38

Well, that is a very good question. We have 3,579 single family homes this week.

Speaker 1: 1:46

All right, so we're still under that 4,000, which is still an indicator of low inventory. It is so. Our total solds for the week are 3,777. Yep, and we had some under contracts at 381 for the week. And what about price reductions?

Speaker 2: 2:06

Price reductions were 229. That's not a lot. That number is the one that keeps ticking down Slowly. Surely our solds are going up and our price reductions are coming down.

Speaker 1: 2:16

Yeah, and we're actually seeing some price increases.

Speaker 2: 2:19

We are If we're doing price increases. There was just 59 of them just this week.

Speaker 1: 2:25

Yeah. So there's a lot of people that are watching the news. They're watching what's happening with rates, what's happening with buyer activity, what's anticipated, and they're saying you know what? I'm raising the price.

Speaker 2: 2:35

Yeah.

Speaker 1: 2:36

I'm we're priced too low, the market's going to pick up and I'm hearing that just even the regular consumers are just really starting to be on board with that, like knowing the market's going to pick up this year, right yeah.

Speaker 2: 2:49

And I agree with all of that. Yeah, so what? You got any headlines over there?

Speaker 1: 2:53

Well, one thing that they're not expecting to pick up this year is rental prices.

Speaker 2: 2:58

Oh yeah, yeah, those are not going up, well we'll see.

Speaker 1: 3:02

We'll see what happens. Well, they're not going up in January, right?

Speaker 2: 3:05

Come June it could be a whole different story.

Speaker 1: 3:07

Yeah, so Housing Wire reported that they're expecting rent price growth, which means the increase of rental prices to be declining this year.

Speaker 2: 3:18

Okay, so I told you this morning that a friend of mine who is a renter right now, came to me yesterday and said that they spontaneously lowered his rent by $300. That is so.

Speaker 1: 3:29

That is insane.

Speaker 2: 3:30

I have never heard anything like that, like an apartment coming to you going. Oh well, times are rough, let's just take $300 off of everybody's rent. Yeah, that's amazing, that's amazing. I told him I was like you do not know how lucky you are.

Speaker 1: 3:43

Yeah, that is. That's different, because you always hear prices going up. You never hear of them going up, you always hear people complain, they're raising my rent.

Speaker 2: 3:50

They're raising my rent. Well, my lease is up. They're raising my rent. Can you find me a rental?

Speaker 1: 3:54

No, so the basis behind the rent price declining that they're anticipating is because we had a big surge last year and over the last couple of years of building more housing for rentals, more apartment complexes, more everything.

Speaker 2: 4:08

Over a million units are slated. Apartment units are slated to be built in 2024. Thanks everyone.

Speaker 1: 4:15

Okay, yeah. So the surge in building of these rental properties, rental places, because we had low inventory of places available for rent, which was causing again low inventory, causes the prices to raise. Right supply and demand maybe so now we're expecting through this year to have so much more availability in rentals that the prices are actually going to decline because supply and demand.

Speaker 2: 4:39

Yeah. So, that's a lot of stuff that I've been hearing on. The news is that we're going to becoming a renter nation, that the homes are going to be unaffordable and everybody is going to rent, rent, rent, rent, rent. Well, when they're putting up a million apartments and then those rents are going to be cheaper than mortgages, then you can kind of see how people would be under the illusion that that's a better choice.

Speaker 1: 5:05

Yeah, except for when you do your yearly and multi-year analysis of how much money you're spending.

Speaker 2: 5:10

Right, what you're losing versus what you're gaining. Yeah, so Even people I have sent, especially like a lot of my millennial clients. They're like I don't want to be tied down to a 30-year mortgage, I don't want to be tied down to a property I'm like. So buy a townhouse and rent it out and then go live your freest life with somebody else's, at least building that portfolio of real estate for you.

Speaker 1: 5:31

Right, right. Yeah, that's definitely a long-term better financial plan than just renting, renting, renting, just renting a rental.

Speaker 2: 5:42

Listen, I'm all for freedom, big fan of freedom. Go live your best life, do whatever you want to do, but there's no way, there's no reason you shouldn't have assets as well.

Speaker 1: 5:50

Yeah, absolutely, yep, absolutely. So another headline realtorcom had highlighted a Victorian estate which is very unique.

Speaker 2: 6:01

Very beautiful. You love the castle.

Speaker 1: 6:04

I love Victorian. I love the Victorian style. I want to live in a castle, and this looks like one.

Speaker 2: 6:11

It does look like a Victorian castle.

Speaker 1: 6:15

Yes, it's big. It's big, it's 7,000 square foot, 23-foot high ceilings.

Speaker 2: 6:22

It's located in. I think those high ceilings, all that volume just makes it feel so much bigger, because I would have thought it was bigger than 7,000 square feet.

Speaker 1: 6:29

Yeah, yeah, when you're standing in a room and you feel like this small, like super tiny because the ceilings are so tall, it's just amazing. So yeah, 7,000 square feet, 23-foot high ceilings. It is located in Kwell Ridge Estates in Henderson, like the Green Valley area, very established community. This home's been around for a while. It's built in 1987, but meticulously maintained on a half acre. Could be yours today for $2,388,888. Talk about those lucky eights.

Speaker 2: 7:08

Lucky eights were in eight-year people, yes, so. So, they went ahead with their numerology when they did their prices there. Yes, but yeah, if you want to live in a Victorian mansion in Henderson, give us a call. Yeah, and my favorite feature has a wine cellar.

Speaker 1: 7:26

Oh, that's a good feature. Gotta have a wine cellar, right.

Speaker 2: 7:29

Yeah, I would take out a bedroom and put out a wine cellar. Who needs bedrooms? Who needs guests? I need wine. Let's do this, yeah.

Speaker 1: 7:38

So we're starting something a little bit different this week for our show.

Speaker 2: 7:43

OK, can I tell you I'm super excited about this. I am too Like when you first broached the conversation, like listener questions. I'm like, oh well, what kind of questions are they going to ask? And that might be.

Speaker 1: 7:54

Yeah, but.

Speaker 2: 7:54

I have to say that they really came up with some good questions this week, so good job, listeners.

Speaker 1: 8:00

Yes, yes. So, and I've been asking people like hey, if you have a question that you would like to have answered on the show, what would it be? Anything? Let's talk about anything like scenarios or whatever.

Speaker 1: 8:12

What is it that we could talk about? So I'm getting those and we'd love to hear from you. If you want to get your questions answered on the show, email us at realteachec, at GMAILcom, and you can message us on Facebook, instagram, anywhere. Just send us your questions. We'll answer them live here on the show. We will, we will. We don't have to give your full name. We could put a first name, or, if you want to be anonymous, just put anonymous.

Speaker 2: 8:40

It's fine, we won't disclose to you Right, we're not going to call you out, but I think it's a great idea, because a lot of times people don't move forward just with the simple fear of not knowing, and if they don't know where to get the information, then they don't know how to take the next step. So any questions we can help you with, we are glad to.

Speaker 1: 8:57

Yeah, yeah. Some people are just scared to ask or they're not. I talk to so many people that say I'm not ready right now, but when I am, what do I do about this? And they feel like they're bothering you by asking you. It's never a bother.

Speaker 2: 9:12

No, it's never a bother.

Speaker 1: 9:13

Yeah, because more information can empower you to do what you need to do.

Speaker 2: 9:17

Right, and we are all here for empowerment people.

Speaker 1: 9:20

Yes.

Speaker 2: 9:20

We just want to help you out and make sure that you're making good decisions and anyway, we can help, we will.

Speaker 1: 9:25

Yeah, absolutely. So we have a question from Jessica. Ok, jessica, what does Jessica want to know? Jessica says I'm getting a divorce, I have a, and I'm sorry, jessica, I apologize for that as well. I have a 3% interest rate on the home and I want to keep the house because I don't believe I'll be able to afford another home with rates the way that they are today. Do I have to sell the home or is there a way that I can keep it?

Speaker 2: 9:53

Wow, so that's a really intense question, bill, that Jessica has to go through a divorce.

Speaker 1: 10:00

Yes, but it is a concern.

Speaker 2: 10:01

It is a concern.

Speaker 1: 10:02

I've heard this concern from multiple people, not always about divorce, but just and we talk about all the time sellers that are not selling because their rates are so low and it just doesn't you know they have a hard time making sense. But when it does come to a divorce, do you have to sell the home?

Speaker 2: 10:21

Well, you don't have to sell the home.

Speaker 1: 10:23

Yeah so there's options.

Speaker 2: 10:25

Do you want to take this or do you want me to? No, ok, ok, so I guess we should have talked about who's going to do what question?

Speaker 1: 10:34

No, we can both talk about each question, ok, cool.

Speaker 2: 10:36

So there's options when you're going through a divorce on who gets to keep the house right. So if you're going through a divorce and you're going to be the primary caregiver of your children, people like to keep the home so that way that the children's lives aren't disrupted. They're in the same school system, trying to give them a sense of normalcy, which is excellent for their development as a child, right. But when you're getting a divorce and the family home is the only asset, then it comes into sort of a refinance situation. Well, you can either. If the loan is assumable, then they can assume the loan, but they still have to qualify for it.

Speaker 2: 11:15

They can refinance, but they have to re-qualify, like Jessica, you know, like if Jessica were sitting in front of me I would ask her. I was like well, do you have the finances to maintain this household? Now, in a divorce state or in a divorce, you can sit down with a divorce financial advisor and they will tell you like OK, we have a divorce, a $900,000 home and we have $900,000 in retirement assets so you can buy them out. Like he can take the retirement assets and she can have the house, something like that works out. Or if she has a job and can maintain that herself. Or they can also take in if she's going to get any kind of spousal or alimony, they can use that as finances to see if she could afford that house.

Speaker 1: 11:59

Right, so ultimately it will come down to the judge's decision in the divorce decree of who gets award the house.

Speaker 1: 12:08

Or sometimes the judge will say that it's in the best interest of both parties to have the house sold and the equity split. Now, another thing that comes into play in many situations, because there's some cases and I don't know if Jessica has children or not, so that's definitely a factor there of child support, spousal support could be a factor. There's a lot of things. That's where legal advice and your attorney is going to come in. However, there are times where there's equity in the home. Say, let's say, if there's $200,000 equity in the home just to throw a number out there the judge can say, yes, one of the spouses can keep the house, but the other spouses, half of the equity needs to get paid to them, right? So, whether that's pulling the money out of the home to pay it, whether you have reserves or maybe another account that has that money and you pay them out, and sometimes you can work out a situation where they'll allow a certain amount of timeframe for that equity to be paid out.

Speaker 2: 13:08

Right, let's say like okay, yes, I didn't mean to catch you up? Yes, they can pay all that equity over time like a payment Like a payment.

Speaker 1: 13:17

Or the judge could say I've seen a situation where the judge said, for instance, you have five years to refinance this home, have the equity and the equity that is due is the equity. So you have to have an appraisal at the time that the divorce happened because it has to be the equity at the date of divorce. So five years down the line, that $200,000 equity could very well be $400,000 equity, which doesn't mean that now the other spouse gets $200,000. They only get the equity that was due the date of the divorce. Right, so that in that scenario they could give you maybe if you work this out and again all parties have to agree and this is where your attorneys come in and work out the situation but they could give you up to five years to pay the other spouse X amount of dollars from the equity that's due to them and work it out that way.

Speaker 2: 14:14

And I also had a divorce case which was somewhat similar. They had a 15-year old and they wanted to get her off to college. So then they left because the mortgage, because the wife at the time of divorce wasn't working, so she didn't have the means to assume, refinance or take on that mortgage on her own. So both husband and wife kept their name on the mortgage for a four-year period and at the end of four years, when their child went away to college, then they were to sell the house and split the equity of the time of sale, and that was the way they wrote it in their divorce decree. Obviously, there's a bunch of different ways of doing stuff and a lot of it's going to come down to your financing. Can you afford the house on your own? And even if you did have to refinance, going back to Justice's question, if she's refinancing today, she's not financing at that 3% rate she has. She has to finance that new mortgage or in the rate that is current for that time, for today it'd be just under 7%.

Speaker 1: 15:20

And if equities owed, that new balance from the equity that she has to pay out will be included in that finance along with the new rate. So some people will look at that scenario and find that unaffordable and decide it's easier to sell the home than it is to take on that situation.

Speaker 2: 15:36

And not because I'm a realtor, but I believe in a fresh, clean start and I think children are resilient and sometimes maybe switching schools or something might be a fresh start that they need as well. So I'm a big believer in just selling the house. That was the house your marriage ended in. Do you really want to be there? Yeah, I wouldn't, but those are your personal choices. If you do want to keep the house, there are ways of sort of using the system to get yourself to keep that house in the legal system, but it's not going to guarantee that you're going to have that 3% rate.

Speaker 1: 16:14

Yeah, and another thing that I've seen done in the past is there'll be a quit claim deed where the one spouse will have their name quit claimed off the property. However, if you do have a mortgage, you have to be cautious of that. Just because you quit claimed your name off of the property does not mean that your name is off of that mortgage.

Speaker 2: 16:33

Right, you're still liable for it.

Speaker 1: 16:35

Yes, if the other spouse wants to go ahead and purchase another home, that mortgage is going to factor into their debt to income ratio and maybe prevent them from purchasing another home. So if there's years involved, that could become an obstacle. So that's something you need to review as well as you're looking over your scenarios.

Speaker 2: 16:53

Yeah, and that's exactly it. When you sit down and you go through the divorce, there's so many moving parts and so many ways to make things work. You really do have to do what's best for you. Just like you pointed out, if both people are on the mortgage, that might help the misses stay in the home with the kid, but then it's a detriment to the mister because he can't move forward because of the debt to income ratio.

Speaker 1: 17:15

Right, absolutely, and if there's no children involved or just right if no children are involved.

Speaker 2: 17:20

That's very different. But if there's children involved, some people are like it's fine, I just want my kids to be settled in the house and they'll do that and that's fine. Personal choices.

Speaker 1: 17:29

Right, okay, so let's move on, jessica. I hope that was helpful. Let's move on to Donald. Okay, donald. Donald has solar panels on the home.

Speaker 2: 17:39

Okay.

Speaker 1: 17:40

And has a loan on the solar panel, so he actually financed them, has monthly payments and he wants to know if the loan needs to be paid off when he sells the house.

Speaker 2: 17:50

Oh, the solar. Okay, so we live in the this is a yes and a no Right. So we're in the solar belt. We do see a lot of solar.

Speaker 1: 17:59

Yes, we're starting to see it increase tremendously over the last couple of years.

Speaker 2: 18:03

Yeah, especially since isn't this month they're doing another rake height and Nevada power.

Speaker 1: 18:07

Oh, I don't know, I don't have solar, I don't get to do it anymore.

Speaker 2: 18:10

She's got solar, so she doesn't care All right solar. Then what would your answer to Donald be?

Speaker 1: 18:16

Well, it's yes and no. It's yes and no. So the solar when you're financing solar panels, it does become a lien on the property. Usually it's a lien called a UCC. Yep, that UCC does need to be released before the ownership of the property can transfer. It's a lien just like any other lien that you would have on the home. So, yes, this does need to be paid off at closing. However, you can work in your contract and work in the purchase agreement for the buyer to assume a loan. I haven't come across solar loans yet that have not been assumable Right.

Speaker 2: 18:52

For the most part they're going to let you go ahead and transfer that over and when you're in your escrow process you have to make sure that escrow has the name of the company and who to contact and they're working with escrow for that payoff.

Speaker 1: 19:06

And you have to contact the solar company and find out what is the transfer process. Usually the buyers have to do an application with the solar company. Sometimes there's an application fee. They do have to qualify. It does factor into their debt to income ratio, though some lenders look at it as a utility expense which they don't put as much weight on it as a credit card or car payment would be. So it depends Right, but they do put weight on it.

Speaker 2: 19:32

Yes, like when you move into a house, they're not taking into your debt to income ratio when they do the mortgage that you're going to pay electric and water or anything like that. They care about your insurance and if you do have something like this lease, this solar lease, they're going to look at that. So when you have a seller, we always have to let them know like hey, listen, when buyers come to assume this, not only do they have to qualify for the mortgage to buy this property, but they're also going to have to qualify with the solar company to assume that loan. But the lender is also going to take in that solar payment as part of the payment towards the house, because that is going to be associated with the house.

Speaker 1: 20:12

Right, and there are some financing solar companies out there that understand that you're purchasing a home and that the hard pools of your credit can affect your credit score for people that are right on the line there and some of them will do a thousand dollar fee and do a soft pool for that credit thing.

Speaker 2: 20:31

Yeah, they're not trying to the solar company is not trying to hold up the buying process. So they're going to work with you the best that they can to get you approved, get that loan assumable and to move on.

Speaker 1: 20:44

Yeah. So answer to the question, donald, is you do have options, you do have options and there are other options.

Speaker 2: 20:53

Right, you could pay for it out of your proceeds. You could split it with the buyer if you can convince them of the benefit of solar.

Speaker 1: 21:00

Yes, and an appraiser. An appraiser. While when solar panels are least, they do not give you any value for it. It's zero value. On the appraiser report no only if you own those.

Speaker 2: 21:14

If you own the solar power, own the solar panels. Hey, I can't talk today in the new year, all right. If you own the solar panels, then they are not considered part of the home, they're still. I mean, if you own them, they are considered part of the home and they add value. From an appraisal standpoint, they're an asset. They're an asset and if you don't, then it is still considered personal property.

Speaker 1: 21:35

Yes, so that is a factor that can help with the appraisal to increase the value. However, just like a pool, you don't get dollar for dollar on the investment that you put in versus the return that you'll get on the appraisal. Great, so let's move on to Audrey.

Speaker 2: 21:53

Okay, this is. Is this our last question?

Speaker 1: 21:55

This is our last question today.

Speaker 2: 21:57

These are fun. Thank you, Yay, you guys Keep sending those questions Well this is.

Speaker 1: 22:03

this is not such a fun subject, so I'm very sorry, Audrey. Audrey's mother had recently passed away.

Speaker 2: 22:09

Oh, my condolences, Audrey.

Speaker 1: 22:11

Yes, I'm very sorry, audrey, for your loss, and the house was in her mom's and her dad's name. Okay, Her dad had passed away a few years ago. Okay, audrey's an only child and wants to know if it's automatic that she inherits the house.

Speaker 2: 22:28

Quick answer. Quick answer is no. Well, quick answers yes. Intestate in Vegas we have intestate law, so it goes to the next of kin. Does that mean you're without probate? No, so it's not automatic. Well, it is automatic, what do they?

Speaker 1: 22:44

call it, but you still have to go to probate the course.

Speaker 2: 22:46

It's called the intestate succession in Nevada and that means that it automatically, if your mom and dad are holding it in joint tendency with right of survivorship, it goes from one spouse to the other one and it dies. Then it goes to next of kin, whether that's the child or whatever.

Speaker 1: 23:07

But that does not eliminate probate, and that's depending on how they had it vested. So nothing's automatic as far as, like you still have to go to probate court to get approval, to get approval for the sale of the property and to have the property you know, to basically have it transferred, unless it was in a trust. If your property was in a trust and the trust states that Audrey is the person that is the trustee or inheriting the property, then yes, it is automatic, it will automatically transfer once they pass. Then it'll automatically be her property to sell, based on the agreements of the trust, and no probate court would be necessary.

Speaker 2: 23:51

Right, right, so that's exactly it. So Audrey is going to get the property right next to kin Now to avoid probate. They should have had it in trust. But regardless, even if they didn't have it in trust, even if they just did a will, or even if there was no will, then that succession will go to Audrey. But Audrey, without a will or without any trust, or without any trust and only a will, will absolutely have to go to probate because they'll have to take the debt of the estate into consideration before Audrey would get the home.

Speaker 1: 24:28

Okay, yeah, and I'm going to play devil's advocate here for a second, because one thing that could happen in probate, or that does happen in probate if you do go to probate, even though you're the only child of the property during the probate process, they do put a legal notice out to see if there is any other. So again, maybe there could be a scenario where it's not automatic. What if another child steps up?

Speaker 2: 24:55

Well, then it's split, okay, so let's say dad had another biological child and that biological child could prove that they are Audrey's sibling, even if Audrey was unaware of them or did not know them at all. When that other child comes in, the law is going to see that other child the same so then they're going to have to split it Right.

Speaker 1: 25:16

And then going back to where it's not like. The probate process does not. It does not guarantee. That's why there's a process for probate, because they review everything to assure that it's going to the right person once it goes to probate. So the only thing that would solidify it as being an automatic transfer is if there were a recorded trust on the property and the property would have to be recorded into the trust in order to have that Audrey be the person that is able to sell the property and inherit the proceeds. Yep, yes. So again, those are situations where we are not attorneys and we cannot give legal advice. But from the real estate perspective, this is how that works, right? Yes, yeah.

Speaker 2: 26:06

And so if you do have property and you do intend to put it in your inheritance to your children, make sure that you do it in trust and state, because it's the easiest way. Your kid, in a time of sorrow and mourning, doesn't need to be burdened with probate. So, if at all possible, move that house into a trust.

Speaker 1: 26:24

Yeah, there is. I think we've mentioned before on the show. There's one probate judge in the data.

Speaker 2: 26:28

Yep.

Speaker 1: 26:29

Maybe once a month, yeah, and the probate process can be very lengthy. They do have a new thing that was implemented probably in the last year or so. That kind of streamlines the probate process a little bit faster to where it makes it, to where, when the property goes into contract, it's already approved prior. To where you don't probate court is not required. However, that has a lot of qualification points that need to be done in order to do that. So that's something to review with an attorney. Talk to a probate attorney about to see if the property does qualify for that, if you do find yourself in that situation.

Speaker 2: 27:14

Agreed.

Speaker 1: 27:15

But, but, yeah, that is, that's it. That's all the questions that we have for today.

Speaker 2: 27:20

Those are good questions. You guys keep them coming. That was fun.

Speaker 1: 27:24

Yeah, well, thank you. So thank you for sending them and telling them, well, telling them, I've I've spoken to most of these people. I know.

Speaker 2: 27:32

I'm, I'm. I feel sad because we're getting divorced and death over here, but those are very real factors that happen in real estate.

Speaker 1: 27:40

So when it comes to real estate. These, unfortunately, are questions and things that come about very commonly with us, because we're you know, we're just talking about a big asset and not everything, unfortunately is a traditional cell. There's a lot of special circumstances and it's a very big purchase, a very big asset.

Speaker 2: 28:03

So it has people's largest asset.

Speaker 1: 28:06

Yes, it has big, big things that go along with it.

Speaker 2: 28:11

So with that. What is that? Great responsibility, Great yes.

Speaker 1: 28:17

With great responsibility comes great burden.

Speaker 2: 28:21

No with I don't know I can't, I can't. This is such a shame. I love Spider-Man too. I was at Spider-Man. Isn't that what his uncle told him? I don't remember. I don't remember the saying.

Speaker 1: 28:34

Yeah.

Speaker 2: 28:36

I don't remember screaming out there audio device right now going it's this.

Speaker 1: 28:41

This is what the saying is. So, speaking of Spiderman, this has nothing to do with real estate, but, like I just have to say, there was. Did you see this, this, this court case? You or you said you didn't see it. You have to watch the watch, the watch the YouTube video of the guy in a Clark County court that, like Spider-Man, over the thing to attack a judge and he did like his. He flew.

Speaker 2: 29:05

Yeah, so there's a more Superman than Spider-Man. I yes. Superman, You're right Superman not Spider-Man, he just dove over the just kind of like and the world is happening, people, man, and I'm I'm sure that didn't help his scenario problem or something Whatever. Whatever the judge was giving him, I'm sure she wished she gave it to him even stronger. After that Cause didn't she end up in the hospital or something Um?

Speaker 1: 29:31

I, I'm not, I'm not sure, I'm not sure. I'm not sure on that. I apologize, but there was um. Yeah, some of the bailiffs got injured. It was, uh, it was unreal, just unreal. Madness and chaos, just madness and chaos, and they're giving our city a bad name. Come on, we are not that bad we can. Las Vegas keeps on making national news for things that we should not be making national news for.

Speaker 2: 29:54

Oh, but we've been making national news for good things Like how successful our uh, our New Year's Eve was. Oh good, yeah, like um. In San Diego there was a misfire and all of their like nine minutes worth of fireworks show all went off in like one minute. It was just a big flaming ball of fireworks stuff. Ours was rocking. The whole city smelled like it was on fire. It was kind of cool.

Speaker 1: 30:18

I was not here I was in Brian's Small little fireworks show up there, yeah.

Speaker 2: 30:23

No, but and then oh and um for F one. The official numbers came back, okay, and they made $154 million more than anticipated. So it was highly successful. And here's something crazy about that Uh, all of the money made um during F one was all table games. They were down 3% in their slots, but their table games were up so much because of it, wow. So internationals players like table games and not slot machines. Yeah, yeah, that makes sense, that makes total sense. But yeah, all in all it was a success. Yeah.

Speaker 1: 31:01

Well, that's great. And uh, we are already starting the traffic cones on the strip to get ready for the remodel for the Super Bowl.

Speaker 2: 31:10

Yes, it was crazy. It went from F one to New Year's to Super Bowl. Bam bam bam.

Speaker 1: 31:15

We are always under construction.

Speaker 2: 31:17

Yes, but it's awesome because our little town is growing. Yes, if somebody wanted to invest in our cute little town, trish, and they wanted to buy real estate, how would they contact you?

Speaker 1: 31:27

Um, you can call me on my cell phone, 702-308-2878. And I'm Trish Williams and Tiana. How do people contact you to purchase or sell a home here in Vegas? Always?

Speaker 2: 31:38

on my cell 702-379-9948. Shoot me a text, give me a call. If you have questions for the show next week, make sure you email them to us at VegasRealtyCheck at gmailcom. We'll get those answers for you. And if you find value in this content, make sure you like, share or subscribe and hit that notification Bells so that way you are always notified, because we go live every Thursday.

Speaker 1: 32:01

All right, thank you, vegas. Thanks for joining us and we'll see you next week. Have a good week. Bye Vegas, Bye-bye.