Turning Market Trends into Buyer Advantages

Can you spot the hidden opportunities in a sluggish real estate market? Join us on Vegas Realty as we unravel the latest developments impacting the Las Vegas real estate scene. Learn how new NAR rules are shaping local practices and why consulting professionals is crucial amidst misleading news reports. Discover why an increase in active single-family homes could be a golden opportunity for buyers, offering advantages like instant equity and covered closing costs. We also provide a detailed analysis of the ongoing trend of price decreases and the current state of the market.

Las Vegas is climbing the ranks! Celebrate with us as we explore how our city moved up 73 spots in the hottest market rankings while avoiding the dreaded list of markets with price cuts. We'll discuss the factors influencing these rankings, from average income to school districts, and highlight the importance of checking your property tax cap rate amidst the challenges posed by automated systems. Plus, we dive into a listener's concern about refinancing a paid-off house in anticipation of an economic crash, offering valuable insights. In a fun twist, we'll share some tips on cleansing haunted houses before selling, using both spiritual and practical methods to create positive energy. Don't miss this engaging and informative episode!

Transcript

Speaker 1 0:15

Hey Las Vegas, welcome back to Vegas Realty. Check your local Las Vegas real estate news show. And I'm Trish Williams and I'm Tiana Carroll Welcome back.

Speaker 2 0:23

Happy Thursday.

Speaker 1 0:24

Happy Thursday show. And I'm Trish Williams and I'm Tiana Carroll, welcome back. Happy Thursday. Happy Thursday and um, yeah, we're, uh what? We're a third week now of August, just trucking through the year.

Speaker 2 0:32

It's nuts. Kids are back in school.

Speaker 1 0:34

Yeah, we're halfway through the month 15th yeah, well yeah, we're two days away from this big August 17th day where they say, all the new NAR rules are going to be in effect, but here in Vegas they're already in effect. They've been in effect, yeah.

Speaker 2 0:50

Yeah, we started early. We wanted to make sure that everybody was well-versed by the time the deadline hit.

Speaker 1 0:56

Yeah, so deadline is approaching. Two days from now, news has started reporting Gosh. I've seen some news reports and not all of them are very accurate. I feel like the news is doing a great job at misinforming people, like they always do. So thank you, news I'm going to go with.

Speaker 2 1:16

it's not very accurate either. The way the story is told means that they're making it seem like there's these huge, drastic changes and in reality it was just how business should have been ran in the first place.

Speaker 1 1:30

Absolutely, and out in the field. You know, and just being out in the field making contracts, working deals, working with buyers, working with sellers, I haven't seen much shift in anything other than the paperwork.

Speaker 2 1:42

So shift in the paperwork and in reality. Just having conversations and educating your client and handling those objections is really all it's about. I will tell you that there is some fantastic social media memes and jokes and stuff coming. I have. No, I mean I haven't laughed this hard since all of the lockdown jokes. You know I love the internet. Yay, thanks for joining us on the internet.

Speaker 1 2:09

You know, what I think the general public really misses out on is being a part of a real estate mastermind group and the things that go on and are posted through there. There's times that I just scroll through and I'm just laughing and laughing and laughing and I'm like wow, these people are crazy and funny and creative.

Speaker 2 2:35

Yeah, there are some funny ones. Even a friend of ours posted one the other day. I guess there's the line like someone new in the villa, it's gotta be like some dating show, I'm assuming like a bachelorette or something and she's like new to the villa this week and it was like BBAs and I was like dying laughing. I'm like that's hysterical.

Speaker 1 2:55

Yeah, no, definitely Uh. Realtors, do uh have a sense of humor.

Speaker 2 2:59

Yeah, yeah, yeah, yeah. Well, you got to give them that. Yeah, yeah, yeah. Well, if you can't lie, feel, cry Right right, right, yeah.

Speaker 1 3:08

So yeah, that's this August 17th, approaching in a couple days, where we're getting there, so you'll be seeing a lot of news headlines about it.

Speaker 2 3:23

Definitely speak to a professional about what's really happening, because they are so misleading. Yeah, talk to a girl, give me a call. Talk to a girl, give her, give me a call, give you a call. Talk to somebody who knows what's up. Because I did see a few news articles, I saw a few reports and I'm like, oh, that's not even right, that's not true. Yeah, it's not right, it's not true. I had there was like um two within the same, uh, two contradictory points within the same newscasting, saying that you know, this was a proposed settlement that it's not been accepted yet. And then at the end it was like and the new accepted settlement is this. And I'm like, well, hello, people aren't going to know what's happening If you keep saying stuff. That's both ends of your mouth.

Speaker 1 4:01

Yeah, yeah, it's, it is, it is what it is, um, but as far as inventory here in the Valley.

Speaker 2 4:09

Okay, so this is quite an interesting conversation, cause I'm going to just slide this over to you, cause these are the past three weeks, if you want to compare numbers week over week. So today in our single family active homes, we had 4,737. That is the largest number that we've seen this year.

Speaker 1 4:30

This is yes, so we're getting to that 5,000 mark, but the market is pretty slow right now. It is. There's not a lot of activity. I'm going to preach again and again and again Every show buyers, this, this is opportunity. I got a buyer, um, we, we got a buyer in contract like a week, uh, two weeks ago. I think we're about two weeks now in the contract. Appraisal came in yesterday. Instant equity whoa appraisal came in above where we're at.

Speaker 1 4:59

You know. So, like this is, this is that opportunity. Closing costs are being paid, the buyer is getting benefits. You know, like this is that time when no one else is out there. You have no competition. You take advantage of that.

Speaker 2 5:12

Yeah, yeah, yeah, yeah. This is a great time to get out there and do some buying. For sure, and let's see, our sold is 379. It's not a good number. Well, they haven't been good. It's been 374 and 346 for the past three weeks.

Speaker 1 5:29

So I guess we're a couple notches up from that.

Speaker 2 5:32

But there's times when we've been selling at 400 and 500 homes a week. So this three number I don't love. The price decreases are well, the inventory is ticking up right At the end of July are well, the inventory is ticking up right. At the end of July it was $43.61. Then it was $45.41. Today it's $47.37. But the sort of same thing is happening with the price decreases. Right, it was $5.82, $5.82, and now it's up to $6.49.

Speaker 1 6:01

$6.49, yeah, so whenever we see more inventory, whenever we see a bit of slowdown, people start adjusting those prices because they got to get the buyers motivated and price is definitely a motivator.

Speaker 2 6:12

And you can see it in the price decrease numbers. You know, at the end of July we were at 600 that were Under contract. Oh, are we doing under contract? Oh, price decreases, sorry, price decreases.

Speaker 1 6:24

I'm just about 600. 582.

Speaker 2 6:26

582. And then the price decrease was 649 today yeah.

Speaker 1 6:33

And then under contract. Those dropped a bit. They did, Did they drop a bit from the last couple weeks. Yeah, they went from 600 to 528 to 511 today.

Speaker 1 6:43

Yeah, so we're seeing those a little bit lower too. And I did notice over the last week one of the things I gauged, which maybe we'll start mentioning that here on the show, but I gauged the new listings versus the under contract because that shows if we're getting more things hitting the market than are going into contract. And having that number even or somewhat balanced is good. But there was a pretty large gap in between those new listings and going under contract a lot more new listings than under contract, so definitely a sign of a slow market.

Speaker 2 7:18

Definitely a sign that the market's slowing down. And guess what? That will all change, lickety split, if those interest rates drop just a smidge.

Speaker 1 7:27

Yeah, well, the interest rates have been doing pretty well. We had that one day that they got in the fives. It was one day, not long enough to do anything with.

Speaker 2 7:36

Right. Well, for the lucky people that were in contracts, they could have locked that day. Yeah, so that's good. But yeah, but everybody across the news media has been sort of synonymous with the fact that, hey, guess what prices are going. Or at least the Fed is going to drop their interest rates. Hopefully that'll trickle down to some mortgage lenders who will start dropping their rates so that way we can see some more. And once that happens, I think it's going to be a free for all, because I feel and you tell me if you feel the same thing I feel like there's this sort of tension on the sidelines, Like everybody wants to run in and be a part of the market, and they've been waiting for so long now it feels like some of them for like a year and a half you know to get into this market, just waiting for the right time.

Speaker 2 8:24

And, like you said, if you want to be a buyer, no competition is a good place to be, especially if these price decreases are happening. You can get those sellers to work with you, get some concessions, or what have you so?

Speaker 1 8:36

get some concessions, yeah, and I have gotten some contracts lately that got the max concessions that they could get with their loan type and that is phenomenal.

Speaker 2 8:44

Yeah, max concessions are the best Max concessions.

Speaker 1 8:48

That's really in a hotter market unheard of.

Speaker 2 8:53

Yeah, unheard of. Yeah, yeah, yeah, we do. We have a dynamic market. Yeah, we have a dynamic market. When I watch stats in other states, I'm just like, whew, that is so different than we are.

Speaker 1 9:05

Yeah, yeah, so we're doing well. A quick note before we get into our listener questions. We have a few listener questions today to talk about, which they're interesting.

Speaker 2 9:14

Okay, oh, real quick. I did want to say that there was a let's see who is this that I read. Oh, at therealtorcom they released an article and it was talking about surprising cities with the hottest market. And we're not in the top 10 of the hottest market, Really. Yeah, it's Oshkosh, Wisconsin. That was number one on the hottest market Really.

Speaker 1 9:39

Who's moving there?

Real Estate Market Climbs and Concerns

Speaker 2 9:40

Well, they took into a lot of factors. They're doing health care in school districts and price and affordability of home versus medium home price range or whatever. But I'm trying to find how much we climbed, because we did a significant climb, we were the biggest climber. Let's see the five largest markets that saw the biggest jump in rankings were Las Vegas, philadelphia, kansas, minneapolis and Chicago. Wow, and Las Vegas saw the biggest of the hottest hottest market rankings and in the metros and it moved up 73 spots over last year. Usually on these you might see like a shift of like five, ten, like 20 to 30 is crazy, right, that's unheard of. But 73 spots over the last year, hey, vegas is the place to be baby man. It just, it just went through the ranks.

Speaker 2 10:32

That was that's insane yeah, yeah, but we didn't make the top 20, even with that big climb which is okay.

Speaker 2 10:40

That's odd, I mean, like Wisconsin, I wouldn't even think of that as a place where people would really Again, it's taking everything the average income that the people make and what the home prices are, school districts, things like that. But we did climb and that's good and better than falling, because there was another article that came out and it was all about the price cuts and it was the top 10 markets that had price cuts, decreases, seeing a lack of appreciation, and we were not on that list at all. Yay, good job Vegas. Yeah.

Speaker 1 11:14

So of course it's always the same ones right decreases, seeing a lack of appreciation. And we were not on that list at all. Yay, okay, good, good job, vegas.

Speaker 2 11:17

So of course it's always the same ones, right, it's Atlanta and Tampa, phoenix, charlotte, but not us. So we don't care. Good, good, good, forget you guys. No, I'm just kidding.

Speaker 1 11:27

Yeah, so over the last 30 days, most people got their tax bill. Yay, yay, and taxes are important. Property tax, yeah, your property tax bill I get. Every time when it happens, I get calls you know like, hey, I got this bill about my taxes, do I have to pay this? Well, if you have a mortgage, likely, very likely, that your mortgage is paying that Right.

Speaker 2 11:48

It's in an escrow account. For that reason.

Speaker 1 11:51

Right, and that's just a. That's just an informational document to let you see what's being assessed, how it's being assessed. There's options to dispute it. One of the things, though, if you did get that tax bill, take a look at your tax cap rate. We've talked about this. I think we talk about this every year.

Speaker 2 12:10

Yeah, we do, we always let you know. Hey, guess what Tax cap is coming. Make sure you do that.

Speaker 1 12:20

Yeah, that tax cap rate. If it is your primary residence and you are owner-occupant, you can get that rate capped at 3%, or it's capped at 3%, which means it can't not a 3% tax rate, a 3% increase, right? So yeah, if that's not, if it's showing the 8, then likely you need to contact the treasurer's office to get that revised. They now do not have people to answer the phone over there. It's a complete automated system and I've also had people call me back and say, hey, no one's answering the phone. What do I do? I don't know, other than you know there's two offices here in the Valley.

Speaker 2 12:53

Yeah, you can go down to the office if you want to do that. But yeah, I think in general the whole city is moving into sort of automation, especially now with AI.

Speaker 1 13:05

Yeah it's, I mean I can't, I just it frustrates me right. When I hear the right, when I hear the automated voice over the phone, I'm like I got to talk to the computer.

Speaker 2 13:15

So that must be an our generation thing, because I get frustrated too. I'm like listen, I just have a few questions and I'm a talker, I want to talk to somebody on the phone, but my kids and stuff, they're like just email them.

Speaker 1 13:27

Yeah, but the automated computer is like oh, I didn't understand what you said. Did you say this? No, I didn't understand what you said. Did you said this? No, I didn't say that and that's not what I'm saying. Stop telling me, I'm saying that. And then it's like let me just talk to a person.

Speaker 2 13:39

I can't, I can't, I can only imagine, like how, how I must sound like on the other end of those automated systems. I must sound terrible, because that's where I let all my frustration out. Right, I'm like damn it, just give me a person.

Speaker 1 13:57

Give me a person. No, I didn't say that. Talk to me. Yeah, no, it's a yeah, it's, it's. It's very maddening. I can't imagine anybody's like, oh wow, I'd rather talk to a computer. I just don't, I don't believe.

Speaker 2 14:06

Well, maybe it's just because we're extroverts right? No I?

Speaker 1 14:09

still even intro, even any. I just don't know. If there's a person out there that would rather talk to a computer, I want to hear from you, Send me a message, Let me know. I just want to know if you people exist. That's all. That's all.

Speaker 2 14:23

Because are there people there?

Speaker 1 14:24

working. Just let me know that you're okay. Give me a sign. It's madness. Anyways, let's go into Daniel.

Speaker 2 14:33

Daniel, our boy, has a question. Let's see. Daniel says my house is paid off. Good job, daniel, congratulations on that. It says I'm worried about the economy and a crash. Should I do a Wi-Fi? Should I do a refi? Is what I meant to say. I'm going to start over, daniel. My house is paid off, I am worried about the economy and the crash. Should I do a refi to take out the cash and hold it in the bank instead?

Speaker 1 15:04

Daniel, first off, before we start, we are not financial advisors, not financial advisors. So every statement we have is based off our opinion of the situation.

Speaker 2 15:15

Yep and we don't know your finances right. That might make sense for some people. So every statement we have is based off our opinion of the situation Yep, and we don't know your finances.

Speaker 1 15:22

Right, that might make sense for some people.

Speaker 2 15:23

But what I see? I don't see it, because then if you refi, then you have another payment. Yeah, so, even though you have cash in the bank, you are now making an external payment each month.

Speaker 1 15:32

Because you have an interest rate on a refi so to me that seems almost silly, Unless you need to take the money out to use it for something, to do something with it, and sometimes the cost of that is less than you know the cost of taking out a personal loan or signature loan or something like that. I can understand that scenario. You're doing something with the money.

Speaker 2 15:54

Right, there's got to be an option that that works, that you need the refi but just to have it as cash.

Speaker 1 16:00

To hold in the bank. The percentage that the bank's going to give you for holding that cash is going to be less than the percentage that you're going to be paying an interest on that refi and therefore you're paying more to hold your money than you are to leave it where it is in your home. And this concern about the crash, I you know, I've been, I I've been gonna.

Speaker 2 16:25

How long have we been? Hearing this, oh my gosh well, times are tough out there for people, so I get that some people think that they're, or some people are experiencing life very different than others right now. So we can't dismiss the fact that he might have a real concern, because I don't know what his finances are.

Speaker 1 16:44

Right and people have been having concerns. You know YouTube videos TikTok. Tiktok's not doing us any favors here, but YouTube videos TikTok all this.

Speaker 2 16:53

That's the highlight of my day. My two hours I get on TikTok, one in the morning and one at night.

Speaker 1 16:58

Leave me alone, but the people that are giving advice on there about, I mean I had someone send me a TikTok video and he told me he wanted to list his condo. But he's only accepting gold because the dollar he believes strongly by this video that the dollar is crashing and you know who knows whatever the truth behind that is and I'm like, yeah, no, yeah.

Speaker 2 17:24

Yeah. So I think for Daniel, a better option that you might want to look into and, of course, do your research, even talk to a financial advisor or something, might be a HELOC, because then that gives you access to the equity in your home.

Speaker 1 17:41

It does, but it's still at an interest rate.

Speaker 2 17:43

It is still at an interest rate, but you do have the access to your home. Now, the downside of that is, if the market does turn, then your bank can go ahead and lower that amount available to you.

Speaker 1 17:56

They can lower the amount available, they can call the note due. And again, I think, if you're using the money towards something that you need the cash, you need to pull it out. You have a plan for it Great, and hopefully that plan for it makes sense. On the interest rate, but again to me, in my opinion, it makes zero sense to pull money out to hold it in the bank on the fear of a crash Because, again in every decline that we've seen.

Speaker 1 18:24

There may be a time period where it's not great to sell right. If we do have a decline again, investing 101,. Sell high, not low, right. But you may have to hold off, you may have to stick it out, you may have to wait for it to return, but we've always seen it come back.

Speaker 2 18:42

Yeah, it's always come back and that's good. And you know, sometimes just keeping your house paid off is the best, safest bet for you.

Speaker 1 18:50

Well, yeah, I mean in any kind of decline or crash. What if you lose employment? What if your income declines? Not having a mortgage note is a huge benefit in that situation.

Speaker 2 19:01

Yep, yep yep, but again, talk to your financial advisor and make sure that if you have genuine concerns, they can look at you as a person and your finances and help you make a decision that works best for you Absolutely.

Speaker 1 19:15

Yep, Absolutely. So we got to talk about Ron Ron Ron.

Cleansing Haunted Houses Before Selling

Speaker 2 19:19

Ron. I love Ron. I don't want to show my home to anybody that's not motivated and qualified and ready to buy there Is there any way, I can guarantee I love guarantee that this listing, so I don't have people just coming and looking. Nobody likes looky-loos, so I get that Ron.

Speaker 1 19:38

Yeah, well, I mean guaranteed guarantees, are you know? Again, we're at the mercy of other people sometimes, so like, a full-on guarantee. That's kind of not really realistic, however.

Speaker 2 19:52

Well, like a cash buyer or a off-market or something will get you something quick and guaranteed that they'll take it, but you'll lose money, money, money.

Speaker 1 20:01

Yeah, but there's also and I do this often with listings, especially when we get into like a luxury price point in listings we require pre-approval. Yeah, we require a pre-approval or proof of funds prior to the showing, and while again, this is just a pre-approval or proof of funds, not a guarantee that they didn't go take out all the money out of that house the day before or out of that account the day before the showing. I mean, we can't control that part, but at least we have documentation that shows this is a well and qualified buyer and we can definitely do that across any price point prior to approving an appointment.

Speaker 2 20:38

Yeah, and that definitely weeds out anybody who's not serious. People have already talked to the lender or they've got their proof of funds in place, and those are already very viable options, which I love. And then the strongest point to this for me is always the agents. Yeah, because the conversations just having a conversation if a buyer's agent calls you on your listing and says, hey, I want to show this house, and you're like, oh, that's great, tell me a little bit about your buyer Just those broaching questions to sort of gauge that their interest and their motivation as a buyer is so telling and helpful.

Speaker 1 21:15

Absolutely and per our new regulations. Absolutely and per our new regulations, buyers have to have an agency agreement prior to showing homes.

Speaker 2 21:29

So that means that you know, as long as the agents are following the rules, the very new rules.

Speaker 1 21:32

The very new rules but hopefully they all are out there Then this buyer has to execute an agency agreement. They have to have some sort of consultation there. I believe buyers now are going to be a lot more well-prepared and informed than they were before. So yeah, which is great, it is great, that is a good thing. So, um, I I think that kind of um eliminates what we call in real estate Lukey, lose right, Eliminates the Lukey lose um.

Speaker 1 21:58

Going back though, you know, if you have open houses and things like that, a lot of times I have a lot of sellers that like owner-occupied no open houses. We just don't want to let anybody come through the door. For some people it just doesn't make sense.

Speaker 2 22:11

Well, some people have a mindset that open house is a benefit to the homeowner, and I believe that it's more a benefit to the agents contacts networking. Yeah, and you know, sales do come from open houses, but not as often as sellers like. Sometimes sellers think it's the only way to sell a house and they don't realize that the marketing and the conversation, the relationships, the photos, those are all much more impactful than a house being held open for two hours on a Saturday.

Speaker 1 22:43

Yeah Well, per the NAR housing statistics, 1% of homes that sold were sold during open houses, so that's very small percentage Right Now.

Speaker 2 22:54

buyers I think the number went up to like 13%. Buyers that go to open houses end up purchasing, but it's only 1% of the time they purchased the house that they went into.

Speaker 1 23:03

That they walked into. Yeah, sometimes they meet a realtor, get the ball started, get everything going.

Speaker 2 23:09

Yeah, it's a great place to go to start your search, see what's available and to have conversations with realtors if you don't have one in your back pocket. Luckily, our community has both of us in there so they can like, share, scribe, join the community, get questions answered here. They can call us. They've got a link tree that you can go to and get all kinds of information. Yeah, absolutely.

Speaker 1 23:33

Absolutely so. So, yeah, that's there's. That's wrapping up, ron. So now we have Jamie.

Speaker 2 23:42

Jamie, jamie, we are going to help you out, jamie, I think my house is haunted. What can I do to cleanse this house before I sell it?

Speaker 1 23:55

That's fun yeah so.

Speaker 2 24:00

I love this question and it actually comes up more often than you think it does it comes up a lot People who are looking at houses, because I'm going to tell you right now, as somebody who goes in a ton of houses, houses have vibes, they have energies. I don't know if it's the natural light that comes in the nature, that you can see the location, if it's a spirit, but they do have Feng shui. Feng shui, like they do have energies. And there are things that you could do, both in the spiritual realm, if that's going to help you, or there's things that you can do, just painting and staging and changing the look of the house, to do it. But in the spiritual realm I looked Don't you laugh at me?

Speaker 2 24:44

lady Go ahead, no people are serious about this and I do not suggest this unless you are a spiritual person and you know what's happening. But smudging sends to clean energy. Yeah.

Speaker 1 24:59

No, I do. When people are saying like, oh, I just want to, you know, balance the energy, do whatever. I'm like, hey, a lot of people, a lot of people are you know, believers in the sage Smudging, saging the house releasing all that, so absolutely.

Speaker 2 25:16

They sage they have spiritual advisors. Come in priests doing exorc. Spiritual advisors, come in priest doing exorcisms?

Speaker 1 25:21

I've heard of exorcisms, yeah, no.

Speaker 2 25:24

I've I've been, I've had clients who wanted it and I'm like great, let's do it. If that's what you need to get going, then let's make it happen.

Speaker 1 25:32

I've heard of a coconut. Have you heard of the coconut thing? No, oh my gosh, I heard of a coconut thing, like I and I, I, I, I don't know, I might be wrong but the coconut, like you put it by the door and it like captures stuff. I guess I don't know, but it turns black if there was like bad energy or something.

Speaker 2 25:52

Yeah, yeah, yeah.

Speaker 1 25:53

Okay, yeah. So, uh, yeah, there's a. There's a lot of things you could do.

Speaker 2 25:57

There's a lot of things that you can do. Um, is it the Catholic community that has the little saint that you bury?

Speaker 1 26:03

in the front yard St Joseph St Joseph when you first get the house and to bless, then you can have people come in and bless the house. Do you know they sell the St Joseph at the LVR Right?

Speaker 2 26:13

there, right there in the front store, you can get like your for sale signs and your business card holder and your St Joseph for your clients to bury in their front yard to have good luck or prosperity.

Speaker 1 26:26

Yeah, At the Las Vegas Association of Realtors they do sell that.

Speaker 2 26:30

So I know that we're sort of poking fun at this, right, but people in general, lots of people have different faiths and energy and your house is such a protective part of your life right, it's where you go to feel safe and whatever.

Speaker 2 26:46

So you do whatever you need to do to make it right for you. Like me personally, I'm all about positive energy and space and whatever, and I have a little bit of a Wiccan background, so I'm not offended with the sage. I personally wouldn't sage, because that's not you know my practice, but mine is always just blessing the life that's at my house, like my plants and stuff, and every time I have a plant just die off quickly, like within a matter of days, out of nowhere, thriving, beautiful, and then one day it's dead. I always take that, since all my plants are blessed that that was dark energy coming out, and my plant took one for the team. Oh okay, you can have your brand of crazy, I got my brand of crazy and everybody's allowed to live their life however they want to and if you want to smudge, smudge away.

Speaker 2 27:40

If you want to have a priest come in and bless the house, do it. Whatever is going to work for you.

Speaker 1 27:46

Well, when we first bought our house, we had our pastor come in and do the prayer, do the house blessing, and we have the house blessing posted on our wall in the hallway. So it is and, yes, I believe that that helped help bring, bring our house in the right spot for us.

Speaker 2 28:05

So yeah.

Speaker 1 28:06

So, yeah, that, yeah it's. I mean it's definitely haunted. You do know, fun fact, I believe it's Texas. You have to put on a seller disclosure if the house is haunted.

Speaker 2 28:22

Oh.

Speaker 1 28:24

Good for Texas. Yeah, I believe it's Texas, I don't know. Correct me if I'm wrong, but there is a state which I'm pretty certain is Texas, where that's part of the seller's disclosure. And that is so bizarre to me because, like, who verifies this?

Speaker 2 28:41

Right, Like you buy this house and you're like it wasn't on the disclosure that there's haunted, but there is a kid running down my hall. That is not mine.

Speaker 1 28:49

What is happening here? What's going on here? Like but how, I mean, how do you disclose this? And like poor realtors like that have to like because we have to navigate through a lot of issues, yeah, A lot of problems, and I just cannot imagine navigating through this part of a disclosure Like wow.

Speaker 2 29:08

Well, I'm sure 99% of the time your clients are going to look at you like you're insane, like oh, that house isn't haunted. But there are people who have had experiences and I can't dismiss them. I wasn't there, I don't know what their life is like, and there are unexplained had experiences and I can't dismiss them. I wasn't there, I don't know what their life is like, and there are unexplained things in this world that I've seen. So you know I'm not going to dismiss them.

Speaker 1 29:28

Yeah, absolutely. And I mean one thing that we always get well, I always get like poked fun at on our disclosures here in Las Vegas. Oh, because if the house kills you, oh because if the house kills you, oh no, the house kills you, but that's not on the disclosure but that is mandatory to disclose. So you don't have to disclose if somebody died in the house in Las Vegas, but you do have to disclose if the house killed you.

Speaker 2 29:56

Yes, if the house was the cause of the death, you have to disclose it. That's the law here. But if you died in the house of natural causes or something like a heart attack, then that wasn't the house doing it. Then you don't have to disclose the death in the house.

Speaker 1 30:11

Yeah, so no Amityville houses around here, but no, but that I always get poked fun. I always have people poke fun at the methamphetamine Because on our seller disclosures it says like has this house ever been a meth lab? And people are like what?

Speaker 2 30:29

Yeah, but that's real because that's the health and well-being of the next buyer to come in there if it was a meth lab.

Speaker 1 30:37

Absolutely, because it's in the walls and things like that.

Speaker 2 30:41

That's some toxic shit.

Speaker 1 30:42

Well, lucky for me, I haven't ran into a seller who's previously used their home as a meth lab.

Speaker 2 30:47

Right, and you can usually smell those from, like, down the block. Yeah, there's been a couple of times where I've been out showing houses and one time I, like you know, parked a couple of houses down because of the parking situation on the street and I was like walking, I'm like, ooh, that's a lot of chemical going on in this neighborhood. Maybe this isn't the right spot.

Speaker 1 31:09

Wow, yeah, yeah. No, that's a yeah, it's a silly question. I mean, it's not a silly question, Absolutely a legitimate question, Um, but I, but again I've um yeah, but it's just something you don't come across often like knock on wood.

Speaker 2 31:23

I've never sold a crack house or a meth lab or some sort of you know shady drug habitat.

Speaker 1 31:31

Yeah, I just always imagine like what, I don't know what. What would your response be in the situation where they say yes?

Speaker 2 31:38

They're like yeah, we're cooking meth right now in the back, why are you interested? You want to be up for the next 48 hours, girl, I got you.

Speaker 1 31:48

That's just like. I feel like that would be just a very uncomfortable conversation, yeah.

Speaker 2 31:52

And if they offer you meth kids, don't do it. Ruins your teeth, ruins your skin, ruins your sleep, ruins your life. Avoid meth, yeah, yeah.

Speaker 1 32:00

Say no.

Speaker 2 32:00

Don't make it, don't take it.

Speaker 1 32:02

Just say no, but what you can just say yes to.

Speaker 2 32:05

Hey, is like sharing and subscribing to our podcast here. Make sure you download. Join our team.

Speaker 1 32:12

Yes, like share. Subscribe. Go to our link tree realtycheckvegas. And if you want to give us a call text, call, send a listener question.

Speaker 2 32:21

Yes, please send us listener questions. I enjoy doing these. Yeah, yeah, even the funny ones, I love the funny ones, they're even better.

Speaker 1 32:28

Yeah and Tiana, how do people get ahold of?

Speaker 2 32:30

you. Hey, if you want to talk to me about your crack house, you can call me at 702-379-9948. I'm just making jokes, guys. Yeah, and Trish, if they wanted to be serious how do they get in the middle of you?

Speaker 1 32:43

702-308-2878. You can call or text me and we will see you guys next week.

Speaker 2 32:49

We will indeed have a wonderful week. We'll see you next week. Bye, vegas, bye, thank you.