Vegas Realty Check
Join hosts Trish Williams and Tiana Carroll every week as they provide comprehensive coverage of the Las Vegas real estate market. From market updates and current inventory to real estate news and expert opinions, this podcast brings you the latest information straight from the professionals in the industry. Unlike national news data, which can often be weeks or even months behind, Trish and Tiana provide real-time updates on what's happening in the local market each week. They also interview different professionals in the industry to provide a well-rounded perspective on a variety of real estate topics. Additionally, the podcast features bonus episodes, including "Community Spotlight," where a locally owned business is featured, and "Coaching Corner with Sharon Swanton," where listeners can learn how to improve their mindset to advance their career and personal life. Whether you're a buyer, seller, or investor, this podcast is a must-listen if you want to stay informed on the Las Vegas housing market.Trish Williams 702-308-2878 S.0175530 Tiana Carroll 702-379-9948 S.0178943Keller Williams the MarketplacesEach Office Is Independently Owned and Operated
Vegas Realty Check
The Future of Home Buying in Las Vegas Explained
What if the compensation structure in the real estate market just got turned upside down? Brace yourself as we unpack the seismic shifts in the Las Vegas real estate market, starting with the controversial removal of the co-op field from the MLS due to the NIR settlement. This change has left buyer's agents navigating uncharted waters without visibility on their potential commissions. Our discussion traverses the groundbreaking policies our company and other major brokerages are adopting, including separating listing fees from buyer's agent compensation and introducing a new purchase agreement form to streamline fee requests. We dive into the necessity of clear communication between agents and sellers, and the critical role of a mandatory buyer's brokerage agreement in this new landscape.
In the second segment, we tackle the maze of complexities and challenges this transition brings. With metaphors like negotiating with 'apples' to illustrate incentives, we explore different scenarios, including motivated sellers and the importance of documented offers. As we anticipate potential FHA policy changes, we discuss their impact on first-time homebuyers and review current Las Vegas market statistics, noting an uptick in price reductions and available single-family homes. This episode is a must-listen for anyone looking to stay ahead in a rapidly evolving market, as we emphasize the resilience and adaptability required of agents today.
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Good morning Las Vegas. Thanks for joining us back here on Vegas Realty. Check your local Las Vegas real estate news show. And I'm Trish Williams Williams and I'm Tiana Carroll. Welcome back to the show, you guys. Yes, Thank you. We're in August now, so we're just trucking through the year Gosh so fast?
Speaker 2:Yep, it is fast. We've done every show this year once a week and if you're enjoying the content, make sure you like, share and subscribe, download. We are found anywhere that you listen to your podcasts.
Speaker 1:Yes, join our community. Join our community. And yesterday was a big day in Las Vegas real estate it was. Changes are happening. The changes are here. So, as of yesterday, they removed a field called the co-op from our MLS.
Speaker 2:And this is all from that NIR, from the NIR settlement, yeah.
Speaker 1:So what that co-op field did is that co-op field would tell the buyer's agents what they are and what they are being paid. If they bring a buyer for a certain property, right, if they bring a buyer for a certain property Right. Now that that field is gone, the buyer's agents do not know what, or if they are getting paid at all for a specific property. Another thing that happened along with that, our company released a policy, and I've heard of other big brokerages that released the same policy to their agents.
Speaker 2:Tell us all about this.
Speaker 1:Yes, so there was a lot of outrage about it. There was a lot of outrage about it.
Speaker 2:It's kind of shocking at first, but go ahead and tell us what the policy is, and then we'll talk about why.
Speaker 1:So the policy released is that, upon taking a listing based off the new listing form. So in the new listing forms there is a listing fee. That is what your listing agent is charging you, right, okay, there is no included fee in that to offer the buyer's agent for buyer's representation. So it is the listing fee only and it says clearly in the form that this is your listing fee only and not an offering to the buyer's agent. Right Now, what a lot of people were thinking, and myself included. Yeah, with this new, the new policies and new, everything that we have is that we were still going to talk to the seller about an agreement of what they choose to offer the buyer's agent Should they choose to offer.
Speaker 2:We'd already have it available, so that way, when people came to inquire about the specific listing from the list agent, they would have a answer for them. Are you offering a co-op? Yes, I've talked to my buyer and we've agreed on this.
Speaker 1:Yes, and they've agreed on this. Yes, so that's what a lot of people were thinking that it was going to happen.
Speaker 2:So a lot of these companies Well, because up until yesterday, that's the way all conversations in real estate had been Like okay, we can't put the co-op on the MLS anymore, but make sure and talk to your sellers, let them know that there's a very real possibility that buyers are going to need assistance. And if they need assistance, this is what you would contribute or what you'd be comfortable with, or any sort of setting a foundation of what to expect and then maybe agreeing to that in paper. But now we cannot agree to that.
Speaker 1:We cannot agree to it in paper, nor verbally, nor in writing, nor via text message, nor via a pillow. That says a certain percentage amount in the house and the MLS has stated-.
Speaker 2:What about?
Speaker 1:virus code or messenger pigeon Are those still acceptable? Well, the MLS has stated very clearly if they find out that we are doing any kind of workarounds or code messages or anything like that, we will be substantially fined and three times we will lose our license. So they have made that very clear as a very defined statement, and I believe that's why these brokerages are backing this and saying what they're saying. We're not allowed to have that offering.
Speaker 2:And here's the reason why, but we are allowed to have that conversation.
Speaker 1:We're allowed to have that. Well, that conversation is very good, in due diligence with the seller, because, of course, we go to the seller, we take our listing fee, just like you know, when we go to the sellers right now I usually talk to sellers about buyers are probably, or likely a lot of buyers will ask for a home warranty. I want to include this in a net sheet just in case they ask for it, so that you know what that scenario would look like. So we're still allowed to talk scenarios, but I think that what we're doing is we're going to be giving them different versions of scenarios at different percentages, but we won't know, until the offer is received, what the buyer's agent is requesting.
Speaker 2:Right, because now there is a form for the buyer's agent to then request that co-op.
Speaker 1:That is the new purchase agreement.
Speaker 2:Right, the seller can't come in and say, hey, by the way, we're offering this, no. But the buyer can come in and say, hey, we'd like this.
Speaker 1:Exactly and that is the reason where that number comes from that the buyer's request is when you get your buyer's brokerage agreement, which is mandatory, that you have before you even go shopping.
Speaker 2:It's so weird that it wasn't before, but it is now, thank goodness.
Speaker 1:But when you get your brokerage agreement, you have that amount agreed upon with your agent that you are compensating them for that service. That's the amount that you request when submitting an offer, and whatever the seller doesn't pay, the buyer has to pay the difference. So that's the way the agreement works. Now the point of argument of why this is better this way Okay.
Speaker 2:Okay.
Speaker 1:And I know this is hard. This is a hard thing for a lot of people and I have heard Well, it's a whole change of mindset on the way an entire industry is run.
Speaker 2:Right so it's going to be a lot of growing pains.
Speaker 1:Yes, and I have heard so much outrage, especially from people who are primarily buyer's agents that are very upset about this and especially the new policies. But take this scenario into play. Okay, let's see what do you got. We have a listing on the market. Commissions are negotiable. We all know this.
Speaker 2:They've always been that way.
Speaker 1:So seller says, let's say the seller says I am willing to give a certain percentage to the buyers. Okay, buyer's agent has an agreement and these okay, I'm going to say percentages, just for I'm going to call them apples because there are so many like things about percentages.
Speaker 2:Okay, so I'm just going to say apples, right, right. We're not going to say commissions. We're not going to say commissions or percentages.
Speaker 1:I don't want somebody to catch me on a loop or something.
Speaker 2:Right 123 Main Street is offering three apples.
Speaker 1:Okay 123 Main Street. They said that the seller and the listing agent say the seller and the listing agent met together and the seller said I'll give three apples to whoever brings a buyer. Whatever buyer's agent brings a buyer to the property, okay, and buyer's agent comes along, we'll say buyer's agent Susie. Well, susie comes along, she's the buyer's agent. And Susie calls the listing agent and Susie already has an agreement on her buyer's brokerage with her buyer that she's only charging two apples.
Speaker 2:Okay, right. Well, she cannot take that third apple now.
Speaker 1:Correct. But that also leaves an opening for people to revise buyer's brokerage agreements Illegal. But it leaves an opening for things like that to happen. Right, Right, Susie has the agreement for two apples and she calls listing agent one, two, three main street and says is your seller going to pay my, my brokerage commission, my two apples, my two apples? Um no, she says, is your seller paying any apples? Okay, Listing agent one, two, three main street says oh hell yes, we got three apples.
Speaker 1:We got three apples for you Main Street says, oh, hell, yes, we got three apples for you. Then Susie's like, oh, I'm getting more than I expected. Yay, susie, but the owner of 123 Main Street, that's kind of. It's the same as having your home listed at a certain price but saying, but, we'll take this price. Instead, you're throwing your seller's negotiation power out the window. Okay, okay, that's a valid point If Susie is willing to come and say I'll do this for two apples, and the seller, even though the seller was like I'll pay three, but Susie's like I'll pay two.
Speaker 1:Well, that's a benefit to the seller, right, and your job as a listing agent is representing that seller, their best interest, and a benefit to the seller, right, and your job as a listing agent is representing that seller, their best interest and netting them the most income, right? Okay, so that is why we are not allowed to verbally or text message or anything in amount that we are paying or that the seller is willing to pay, because that is really the same thing that got us in trouble. It's giving the seller the best option of negotiation on these fees. Okay, does that make sense?
Speaker 2:Well, yeah, of course that makes sense.
Speaker 2:I get it.
Speaker 2:I'm just thinking that it makes sense when you say it out loud, right, like okay, so we're not going to say how many apples we're offering In the background, we're setting the foundation and saying listen, mr Seller, I know you're probably going to have to contribute some apples for first-time home buyers and people who have you know to come don't have the money to come out of pocket to make this purchase or what have you, and I definitely agree that there's always room for negotiations.
Speaker 2:I think there's going to be a lot of red tape and missteps that people are going to miss during this transition period between the old way of doing business and now the new way of doing business. So I think it's important that everybody, both buyer and seller's agents, have constant communication with their clients, letting them know like, hey, our business is changing and these are the things we can and cannot do. Be prepared for this. We may not have to use these apples, but you should know that when we get that purchase agreement in from any buyers and they want to have some apples, you might be the one having to give them to you or give it to them. Are you comfortable with that?
Speaker 1:Yeah. Or just letting them know scenarios of what those would look like, right. And another scenario here, which I thought was a very good one as well, is we're back to 123 Main Street. Okay, that's a popular property, popular property, okay. But 123 Main Street has no offers yet. Okay, uh-huh, this seller has to move, has a deadline, I need this home sold. I have to move, right? Okay.
Speaker 1:So say, the seller had to talk with his agent and said I'm going to give two apples. I'm going to give two apples to whoever brings a buyer. I'm going to give two apples. I'm going to give two apples to whoever brings a buyer, right? And then Susie calls, and Susie has an agreement with her buyer for three apples. Okay, susie calls and says hey, is the seller going to give me any apples if I bring a buyer? And listing agent says yeah, we'll give two apples, two apples. And so Susie goes back to her buyer and says they're giving two apples, we have an agreement for three. You're going to have to come in with the other apple, right? And the buyer then says I don't even want to look at that property anymore.
Speaker 2:Then I don't want to pay any apples.
Speaker 1:I don't want to give any apples to anybody. The risk of doing business this way, right, so I don't want to do that. But what if that ruined the deal for this seller? Because this seller, even though he said in the initial thing, I'll give two apples, but what if he is so motivated that if they got that offer, in asking for three apples he'd say, okay, I like everything else about the offer, I'm willing to do that, even though he didn't verbally tell you that up front. We never even got to see the offer because they never came, because they thought that it was going to be different.
Speaker 1:So that verbal agreement can throw the negotiation power out the window.
Speaker 2:Right, and I think that's why negotiations are going to be very different moving forward, and that the purchase agreement and the offer are going to be very different moving forward, and that the purchase agreement and the offer is going to be imperative, and that goes to all buyers agent. Make the offer, you know, kind of poke around and see if that list agent knows that there's apples that are going to be given, but in reality until it's in writing it doesn't count anyway. So make the offer, ask for the three apples, negotiate down from there as a buyer's agent, that's sort of my plan moving forward.
Speaker 1:Yeah, I intend to put it in the offer. Put in the offer what the request is. And yeah, I've seen so many scenarios where a list agent will say oh no, seller's never going to take that price. You submit the offer and they take it.
Speaker 2:Yeah, so it depends on the motivation of the seller. Right, because agents can't assume, even though we have lengthy conversations and what have you with our clients, until they're actually presented with an actual offer. Their ideas are going to change and each month that goes by they're getting more and more motivated. I mean, we didn't talk about numbers yet, but some of those numbers are showing that we have some very motivated sellers in the Valley right now.
Speaker 1:Oh, yeah, absolutely.
Speaker 2:So there's definitely room for negotiation and there's ways of making every not every deal. There's ways of making deals work right and some buyers and sellers are going to make it work, and then there's going to be deals that fall apart. So it's going to be this sort of balancing act on a high wire for agents to find the right deal for the right client, which, in my opinion, makes us more valuable right, yeah, and there are still going to be buyers.
Speaker 1:I mean, it's going to happen where, especially like motivated, you're in multiple offers, instead of maybe offering higher on the price or something like that, the buyers are going to say, oh, I'll pay my agent, I'm not going to request anything, right? Well, there you know. Again, the seller has that, that negotiation power on that, because they're not making that request. So why should he have to give it if it was never going to be made in the first place? Yeah, so that is is again, people are upset about it.
Speaker 2:Well, any change people get upset about. Even when I heard it for the first time I was like, wait what? We can't even take apples to the side and just hold them for our. Not that we would actually physically hold the money, but have conversations and do paperwork, that apples would be offered. That's gone.
Speaker 1:Well, the truth about the matter is that opens us up to getting in deeper in trouble. Yeah, and the legal perspective of this, and especially the bigger brokerages. I don't know if all the smaller brokerages are going to end up following suit, but the bigger brokerages, especially that we're caught up in this. Yeah, the bigger brokerages, especially that we're caught up in this. I have discussed this with legal teams and came to this conclusion of this is the best way to keep them out of trouble, and that's really essentially as much as we don't like it, as much as we, we just don't like change.
Speaker 1:They move the cheese Now we got to go find the new way to do it.
Speaker 2:Well, there's also another part that I don't think people are talking about. Not only did they move the cheese, but it seems like they moved the cheese for the wrong people. As agents we are skilled negotiators. We're in the business. We see deals. Our goal is to help people facilitate those deals, whatever they look like Apples or no apples. Right, we're doing what we need to do, but the thing is, who's really suffering from this?
Speaker 1:It's the buyers, the first-time homebuyers.
Speaker 2:Yeah, the first-time homebuyers. They're either going to make bad mistakes by not being represented because they can't afford to pay the apples right Three extra apples, two extra apples, one extra apple when you're barely scraping by to get into a property for the first time is tough or they did make concessions for VA that VA can get their apples paid for now. They didn't used to, but there's still the risk of unprotected consumers. Yes, and they seem to be the one that nobody's caring about. They're like oh, sellers, we're going to keep all of our money and agents, you're going to have to work differently.
Speaker 1:But buyers, europe, shit's creek man, you brought up two very good points. One point is unrepresented buyers. So we are going to be seeing likely a lot more of that.
Speaker 2:I already did a form that I am. When people call me for a listing and I'm going to, they're an up represented buyer. I have a form that I'm going to have them sign saying I represent the list agent and I am not going to write an offer for you and. I am not going to show the house to. I mean, I'll show you the house cause I want to sell it, but I'm not going to do anything that is any way, shape or form, construed as being your agent because, I'm not your agent.
Speaker 2:I am the list agent and you are an unrepresented buyer.
Speaker 1:Yeah, so if you want to submit an offer, you're going to have to figure out how to get that offer and submit it If you want this done. The agent is not going to be allowed to do any of that for you, with zero representation, right?
Speaker 2:And lack of a better term that's co-mingling representation, Exactly. And then there's that gray area and that puts the agents at risk and that also puts the deal at risk for litigation or any kind of mediation.
Speaker 1:Yes, and let's be frank here, that is going to be. Our next biggest challenge is this dual representation thing, because we're going to be seeing so much more of it. It's going to get. It is going to get messy. It's going to get messy, there's no doubt about that. It's going to get messy. People are going to do things that they shouldn't be doing through confusion, through learning the new ways, through not knowing what to do. That's going to be our next issue, and I've even heard people talking about they might make that co-representation. Not, there are some states that don't allow it.
Speaker 2:Right, there are some states that don't allow it. We have it in our state where we can do it, as long as we have the consent to act along with our duties, owed forms here in the Valley, saying that we can represent both parties. And I've done dual representation before where I've run to both parties and with that then it really takes the sort of protection of the agent and one client off the table, because now it's just full disclosure hey, they're only willing to pay this. All I have is this. All they have is this. Are you willing to take it?
Speaker 2:No, and you're just communicating back messages to and from the buyer.
Speaker 1:You're just a middleman.
Speaker 2:You're just a middleman and I don't think that serves anybody to the highest skill set of the agent. So that is an issue.
Speaker 1:And then point number two. I know we're going far off before we even get into numbers. We didn't even do numbers yet. That's okay. This was important stuff to talk about.
Speaker 2:Well, this is important stuff not only for all of the agents, because we do have a large number of agents who listen to us each week almost like we're real estate coaches for them with what's going on in our market changes that are happening Exactly. And also for our consumers, especially if they've only ever done one or two transactions before and that was prior to this new information. It's all sort of shocking, Exactly.
Speaker 1:So my point number two, of who this is going to affect the most, who is going to have the most impact from?
Speaker 2:this Shitty agents. No, well, yeah, true, they're already ditching the real estate market now, just with the shortage.
Speaker 1:Three people I know of that kind of dabbled in real estate are giving up their license. Yeah, we're going to see a lot of that, but who is this going to impact? Most is going to be first-time homebuyers and challenging price points. Absolutely, Because I already see this picture right now. Picture right now those $300,000 houses or $350,000 or whatever these entry-level homes that buyers are trying to get into. They end up with 15 to 20 offers. Those are going to be the homes where the sellers say I ain't giving no apples to anyone. Those are going to be those homes because they're going to have that negotiating power More power to the seller. That's your choice. However, those buyers are also the buyers that don't have the funds.
Speaker 2:Yes, and those are the ones that are at risk. Those are the ones that need representation and help. They've never been through the process and they're scraping together down payment money. Sometimes they're getting gifted money from family already at this point and then to come up with another one, two, three apples on top of all of the apples down to put down payment all of the closing costs that they're going to be paying.
Speaker 2:And it really I think that's the biggest thing that this whole NAR settlement has been about is these unrepresented buyers or people who need us the most, are the ones not getting us? Because people have been through many transactions. They've owned homes, they've built that generational wealth, they're doing great. They're like oh, I have apples, I don't want to use my apples, but if I have to, I can. Yeah, and some of those, um, new buyers, they don't have those apples.
Speaker 1:They don't have those apples and it's a nightmare for them.
Speaker 2:And it made it, as a matter of fact, this what was this? This was a realtorcom came out with an article this week, yesterday, saying majority of renters fear home ownership is out of reach forever. Is that true? So I went through and I read the whole article.
Speaker 2:Out of reach forever, Is that true? So I went through and I read the whole article and basically it was saying that like 68% of people who have never owned a home believe that they'll never be able to own a home, especially if they are over the age of 40. Renters under the age of 40 still think like 38% of them are like oh, it's a possibility, but with things like interest rates and closing costs and down payments and now buyers commissions, the amount of money needed to save to get into a home is so much more. And then the article by NAR was basically saying and we've run the numbers and they're right, as an industry that is getting further and further away from owner-occupant and that is the benefit of especially big corporate investments coming in and buying blocks of homes that have the money to pay an agent and they have money that they can throw at anything, so they're going to be able to make these deals, and then people who are owner occupants, people who need that to start building generational wealth. They're the ones with the deficit.
Speaker 1:So what I am hoping, and this is a hope. So, fha, if you're listening, that's Fannie Mae, fannie Mae if you're out there, if you're listening.
Speaker 1:What I am hoping that will go into place is that FHA will find a way to either be able to finance closing costs, which are the traditional closing costs that buyers have, or representation costs or something into the loan to be able to alleviate some of those costs, to give those buyers some breathing room Right, because they're going to need it, and there's already talks that certain states are going to be putting in grants.
Speaker 2:Other states are going to be taking money out for people who are buying second homes and each time you purchase a second home, a vacation home, a third home, x amount of money will be pulled to the side to go into a grant for first time home buyers. So there's going to be changes moving forward. Like we said, all of this just came out officially yesterday New forms and hey, by the way, we're not offering apples anywhere for any reason. So it's also sort of shocking. In the next year, year and a half, two years, whatever these growing pains are going to be is going to kind of work itself out. And where we are when we go back and look back at this August 1st 2024 episode next year or the year after.
Speaker 2:Things may well be very different, and things may not at all be what we're thinking. I doubt that, but we'll see.
Speaker 1:I did. I did a Facebook post on this yesterday because I had some people that reached out to me that were fearful. You know, some agents that were just fearful, like what are we going to do? How do we do this? I don't, you know, like this is scary, and I just did this Like it's going to be six months to a year before we are fully confident in navigating the new environment that's going to happen. That's with any change. Right, right, right. We are going to learn as we go. But again, like you said, we're going to look back at this and say it was all okay. I mean, the sky's not falling.
Speaker 2:We are tough, well, everything's always okay. We've survived every day so far of our lives and we'll continue to move forward.
Speaker 1:Yeah, and we're resilient. The people that are in this industry and this business are not weak. This business is not for the weak at heart.
Speaker 2:Yeah, everybody thinks they're going to get into it because it's all luncheons and making their own schedule and they don't know it's 12 hour, work days and you're on the call all the time and you're dealing with high emotions of people. It's a lot.
Speaker 1:Yeah, this business is not for the weak at heart, and the people that are in this and thriving are very resilient. We are going to find our way through this and we are going to be okay.
Speaker 2:So, um, and I have to say, as far as agents go, I mean there are some agents that you come across that are terrible, and sorry for the terrible agents out there, but for the most part, I have to say that our association spends a lot of time and effort trying to make sure that everybody is educated and they have resources and we have a ton and I work with them all the time. You work with them all the time, you work with them all the time.
Speaker 2:Great agents in the Valley who are going to do everything in their power to best represent their clients. So it's not like Vegas is throwing in the towel going ah, it's a nightmare. We're all, as a community of realtors, going to be in this together, trying to help our clients, because our clients are what is important to most of us.
Speaker 1:Yes and again. Buyers bring the transaction.
Speaker 2:Buyers always bring the credit.
Speaker 1:There is zero transaction without a buyer.
Speaker 2:Yep, if they're not buying your house, then your house is not selling, speaking of which we should talk about selling houses. Talk about numbers, yeah, so this whole show was about that.
Speaker 1:We'll give you the listener questions next week, but this was a very important topic of discussion, so I think that we did good in covering it, but at the end of our show today. So if you watch our show at the very beginning just to hear the numbers and then tune out, well, today you had to listen to all of us, right?
Speaker 2:So if you're still around you, better still be around you, better still be around because we did not forget about numbers. We did not forget about numbers, and numbers are always such an important indicator on what's going on in the market, because then it gives agents and clients alike the opportunity to sort of know where they're going to stand in negotiations and what the general condition of the market is. Correct, all right, so today's single family homes 4,404.
Speaker 1:I love all the fours. That's a lot of fours going on. Lucky number guys.
Speaker 2:Right, yeah, so yep, we have 4,404. That is our biggest number so far. Might even be of the year.
Speaker 1:Yeah, yeah, we're creeping up there has. The market has been pretty, in my opinion, very slow.
Speaker 2:Yeah, well, I'm going to tell you right now we got a whole valley of motivated sellers. If you want to buy a house now in Vegas sorry, I got an itchy nose If you want to buy a house now in Vegas is absolutely the time, because our sellers are motivated, Because we are getting more and more homes on the market. We are selling a lot, though.
Speaker 1:Yes, so we have sold Last week we did how many? 554. 554. So that's still good, yeah.
Speaker 2:That number has gone up and 633 price decreases. That's motivation right there people. Yes, yes.
Speaker 1:Sellers are there, they have to. If your home is on the market and it is not selling, you really need to have conversations about those price decreases, because that is it increases motivation and if the buyers are not coming, then it's likely the price could be conditioned, could be presentation there's always other things, but price is the number one factor and then under contract.
Speaker 2:We got 604. That's a good number yeah.
Speaker 1:I'll be like that's a good number of under contracts. So this is a moving we're moving along here, guys, and, um, we will, uh, we'll be through, we'll get through all of this.
Speaker 2:Uh, craziness, we're going to learn change as we go and the good news is we're staying on top of it. So if you have any questions about anything that's going on, buyer or seller, even agent, feel free to reach out. Trisha, if they wanted to get ahold of you, how did they get ahold of you?
Speaker 1:702-308-2878 and.
Speaker 2:Tiana, they can always give me a call, shoot me a text 702-379-9948. We'll have a conversation about what's going on and seeing what works best for you, because this conversations right now, I have to say, are more important than ever. Like I've had clients say oh you know, I want to buy an investment home for my granddaughter, or I'm looking at this and all these different scenarios, and then they freak out because of interest rates or capital gains. I'm pulling that money out to do the down payment or whatever. But sitting down and having a conversation to really know the market, what's going on and how to best navigate, you might find that paying those capital gains and taking that money and putting it into a property that's appreciating at a faster rate than you're saving, or whatever, is definitely worth it. Yeah, yeah, absolutely, because, regardless of all of this, our market is healthy.
Speaker 1:Our market is healthy. It's a little slow right now, but it's definitely healthy.
Speaker 2:But for us slow is 30 days right, so it's a little different than other parts of the country. Yes, we have motivated sellers, but the motivated sellers aren't going to be here. In 120 days those motivated sellers would have gotten their house sold and moved on with their life in this valley.
Speaker 1:Yes, yes, this is true, so tune in. If you're liking our show, please like, share, subscribe, go to RealtyCheck Vegas and check out everything. That's our link tree. You'll have our show, video, audio links, socials, everything every way to reach us and you can also submit listener questions there. We'll see you guys next week.
Speaker 2:Back next week with listener questions. Until then, vegas have a great week. Bye, bye, bye.
