Vegas Realty Check

The Final Walkthrough: Saying Farewell to 2024 Real Estate Market

Trish Williams S.0175530 Keller Williams The Marketplaces & Courtney Bohm JFK Financial Services NMLS# 2008418 Season 5 Episode 1

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As we step into 2025, real estate practices are evolving in Las Vegas, driven by new regulations and market conditions. The conversation highlights the importance of buyer representation agreements, revised loan limits, and increased focus on professionalism while making sense of what to expect in the coming year. 

• Review of current market rates and statistics 
• Discussion of new buyer representation agreements 
• Overview of rising loan limits in FHA and conventional loans 
• Reflections on market activity during the holiday season 
• Insights into changes in professionalism standards 
• Impact of commission bonus eliminations in transactions 
• Status of National Association of Realtors and its future 
• Personal resolutions for growth in the new year.

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Speaker 1:

Welcome to Vegas Realty. Check your go-to podcast for all things Las Vegas real estate. Whether you're buying, selling or investing, we bring you the latest market trends, insider tips and expert insights to navigate the ever-changing Las Vegas realty landscape. Tune in each week as we break down the data, answer your questions and help you make the best real estate decisions in the entertainment capital of the world.

Speaker 2:

Hey, las Vegas. Thanks for joining us back here at Vegas Realty Check and Happy New Year. Welcome to 2025. Yes, and I'm Trish Williams. This is Courtney Boehm. Yes, and we are here to bring in. This is our fifth year of doing the show, so it's tradition every year at the end of the year or beginning of the year Now it's the beginning of the year we put things to rest that are no longer relevant in real estate from the previous year. So this is our what is it? A memorial show. That's why we wore all black. Yeah, that's why we wore all black. Well, we kind of always wear all black, but today, there was a purpose for it.

Speaker 2:

Yeah, but before we get into that, let's start with our seven-day stats and rates. Where are rates at now?

Speaker 3:

So rates, typically around the holidays, go up a tad bit. We haven't seen a ton of movement really, even in the last two, three weeks, but right now we're sitting right at around a 7% on a 30-year conventional and then on an FHA right around a 6.4%. So typically the bond market does close and usually we go up a tad. So we're sitting right back where we were maybe two, three weeks ago Nothing drastic. I do foresee that rates are going to come down a good amount this year and we'll look forward to that. Hopefully in the next two, three months I think we're going to statistically start seeing a trend down, so we're super excited about that.

Speaker 2:

Let's hope that crystal ball is correct. Oh my gosh, we need rates to drop Absolutely. And then last week we missed the show last week, but we still have our stats. Not a lot happened over the last couple weeks. That's why I mean last week wasn't really an impactful week. During holiday season, kind of Nothing really happens. There's not that many people doing real estate transactions in the middle of Christmas. So we have for our seven-day stats excuse me new listings. We were at 451 from the previous two weeks before that was down.

Speaker 3:

So down 498.

Speaker 2:

Did I? Where is that? No, it was 259, 259 less than the previous week. Oh gotcha $259 from the last week yeah for new listings that are currently on the market. So that drop is typical to see during holiday season. It's very common for people to pull their listings because they don't want showings or things happening during Christmas or just want to start fresh in the new year. So we really do see a lot of that. Nothing out of the ordinary there.

Speaker 3:

And we did see some price decreases yes, $339. So people were feeling the holiday spirit or trying to get their home sold one of the two which is down $357 from the last week.

Speaker 2:

Yeah, and that is. I mean that's quite a bit down. But again I think there's a lot of people that say, like why should I drop the price or change the price during a season where no one's really out there shopping? So there's a little bit of half and half in that area and under contracts those were also down. They were at 435.

Speaker 3:

Which is down 190 from the last week.

Speaker 2:

Yeah, so that's pretty normal for holidays Pretty normal. All of this is pretty normal for holidays. None of it is surprising. And, of course, with everything else, the sold units were down as well. They were at 441.

Speaker 3:

Which is 141 down from the last week.

Speaker 2:

Yeah, so we should be seeing those numbers increase as we go into the show next week. We're hoping to see some raises in those, not too many raises in the new listings and the price decreases, hopefully, because those are bad indicators. But the good indicators that we want to see is those under contracts and solds go up.

Speaker 3:

I think things are definitely going to start moving now that it's a new year and values are still up, and I think it's definitely going to be a great 2025.

Speaker 2:

Yes, absolutely. And I was looking back, um. You know, sometimes when we're like in the middle of things we don't really realize. You know, you have to kind of look in the past to see where things have gone. But I was looking back, um, I was at the end of the year. I kind of like reflect on like past sales and everything, and just like the average sell prices of the homes that we're selling, even in the beginning of the the year and then throughout towards the end of the year, even though the end of the year slowed down a lot, that still price point of the home where the homes were selling did increase.

Speaker 3:

So you know, that's um we we still have been in a good market, um, the values have have maintained, but it's just been it's been slow and I think you know, with all these new things coming to Las Vegas, baseball and so many other things, the sphere, everything has just driven the market up and I don't, I don't see the values going down here.

Speaker 2:

I don't either, and we're expecting to have a busy 2025 first quarter. So bring it on. Bring on the activity, because we are sick of this year.

Speaker 3:

We're ready to put it to rest, let's put it to rest 2024,.

Speaker 1:

You're gone 2025, bring it on.

Speaker 2:

Yes, so we have some things that we're going to lay to rest that are no longer relevant in real estate anymore, as we are entering 2025. So let's get started with those. First on the list. I have buyer home tours without BBAs under this, like new NAR lawsuit and settlement and everything that happened there, we are no longer allowed to show homes to buyers without a buyer's representation contract. I love that, for you guys. I do love that.

Speaker 2:

I love the professionalism that that brings and the standards that that brings. And it does make like my everyday life when talking to buyers a little more. It makes it easier because there's always been those clients, those buyers that you talk to, that the no contract people. Right, they're like I'm not signing any agreements, I'm not signing any contracts, Just go open doors, show homes and that's the way it always works. Well, there's no such thing as that anymore and I have still had that pushback. I've still had those people that say I'm not going to do it and I'm like, okay, well then call someone else, because they're not going to do it either. Nobody is, unless they're breaking the rules, which we hope that they're not. Nobody is allowed to show homes without a buyer's representation contract.

Speaker 3:

I think that's just really amazing, even from a lender standpoint, because when we talk to a bunch of realtors and they always say like, oh, I just showed my 30th home today and ran these people around and they wanted to see all these houses and then later I found out they went with somebody else, and so I think it really just when someone's serious and they're looking to buy, they're going to sign a contract.

Speaker 2:

Yeah, if they're serious they are going to sign a contract and if they're committed to you. You know there is this thing that's out there and it's not right. I don't believe it's ethical, but I've seen it happen, witnessed it firsthand, where some buyers will, you know they might have a sister, cousin or friend that does real estate, that has another job, that's always busy, so they would use another realtor to show them houses and then call their person that they want to give the transaction to, to write the offer and do the deal for them.

Speaker 2:

So the other realtors totally wasted their time. And horrible thing to do Always, always been horrible, even regardless of the new rules. But now that that's eliminated.

Speaker 3:

And I feel like when you have someone who signs a contract, do you know they're serious, you're going to not that you wouldn't put in the time or the effort, but it's just that much more professionalism that you can give someone when you know they're committed to you and that every you know every minute you spend with them is is leading to something to helping them find their dream home. Correct. Yeah, I think it's the same as even as a lender, if you send someone a pre-approval and they're not filling it out and they're not sending you back the documents.

Speaker 2:

Yeah, they're not really motivated, they're not serious. It's really, I hate to say, a waste of time, because we hear that thrown around a lot in the industry, but it is a waste of all of our time. But when?

Speaker 3:

people are serious. If you send them something, they'll send you back stuff immediately. They're ready and they are eager to get into something. So I think it really is a great thing for the industry and I think it just changes the standard of who's serious and who's not. And I think it just changes the standard of who's serious and who's not, and I think it's amazing yeah.

Speaker 2:

And the last thing on that note is the contract itself. The broker buyer's broker representation agreement lays out a lot of things, that open discussion, and I feel like we are now informing and training our buyers at a higher standard and level, so they're kind of understanding how the entire process works, which maybe wasn't happening at that level before.

Speaker 3:

So and I think it's, you know, I think I think it's really going to change too for a lot of new agents. I think it'll it'll change their level of professionalism, as far as you know, a lot, a lot of times when you're new or you're going to drive people around and then all of a sudden they disappear. So I just think it's just a great thing and I think that it's really changing the game as far as real estate and people knowing that when they're ready to actually look for a home, that's when they can start looking for a home, absolutely.

Speaker 2:

Absolutely. And I've seen also people that are not ready to sign a contract just because they're not there. They're really not ready. They wanted to go browse or go window shop or you know whatever. They were, just wanted to look, but they push back on the contract because they're not ready to get into that contractual agreement. Right, but that's also a motivation thing. They're not ready to buy right now. So that surfaces in the conversation. So that's a good thing. It's a good thing for all of us. You have something to lay to rest on the lender side.

Speaker 2:

So what has happened there rest on the lender side.

Speaker 3:

So what has happened there? So loan limits, loan limits, yep. So 2024 loan limits every year we do typically see an increase. So in 2024, we were looking at the loan limits on the FHA was $498,257. And we are up $25,968. So the new loan limits are going to be $524,225 on your FHA and on conventional, we did go up a pretty good amount, so we're super excited about that. Our 2024 Fannie and Freddie were $766,550 and we are up $39,950 at $806,500. Wow.

Speaker 2:

So previously, in 2024 and before, you would have to get a jumbo loan, which is a different type of loan to be able to purchase in those price points. So now you can do that with a standard conventional loan. Absolutely Right, yep, and those loan limits are. Those are the limits of the loan amount. That's not your purchase limit, correct? Okay, so conventional, like those could be. What are the down payments typically for conventional so conventional?

Speaker 3:

it just depends if you're a new home buyer we're looking at new home buyer. Is that 3% Typically on a conventional loan? You're looking at 5%. If you want the rates to be even better, 20% is like the best of the best right, but an average conventional loan if you're not a new home buyer within the last three years would be a 5%.

Speaker 2:

Okay, so that loan limit, that 800, and what was that?

Speaker 3:

On conventional, you're looking at 806,500.

Speaker 2:

Okay, so that is the amount that you're financing, after the down payment amount that you put down, so that can be as substantial. You could literally buy a home with a conventional loan. That's in the million dollar range. Yes, yes.

Speaker 3:

That's pretty amazing. That's big and FHA you're looking at a 3.5%.

Speaker 2:

Yeah, 3.5% down your loan limits at the what 525. So that could give you a 524. So, like five, was that 550? Yep, about somewhere around there. So that's good. That's good news for FHA and conventional buyers to have those loan limits raised and we are putting the previous loan limits to rest in 2024.

Speaker 1:

Bye-bye.

Speaker 2:

Bye-bye Welcome new limits. I also think that and this goes back to the first thing we talked about with the buyer's representation agreements In 2024, we started to see quite an exodus of unprofessional or I would say unexperienced agents, realtors, and I'm sure you guys seen this with loan officers too like an exodus people getting out of the business because it got too hard right. Yes, I know, I've seen some companies close their doors over the last year it's been a lot of companies, yeah, because rates went up and their volume of business wasn't flowing in like it did.

Speaker 2:

So it's kind of been over this last year. We've seen, like this, only the strong survive kind of environment of people that are in it to be in it and willing to work through the struggles that we've had, because we had a lot of struggles in 2024 and we're seeing the people that can't handle it get out and, while it's sad, it's really it's a good thing it is, um, you know, I think a lot, especially on the lender side, a lot of the really small brokerages that were doing a substantial amount of refinances that were small I'm not talking about like your rocket mortgages, and things like that.

Speaker 3:

But their amount of loans they were doing just went down substantially and they just couldn't keep their doors open. So I think anytime rates go up you're going to see the volume of transactions go down, but there's still people doing amazing, right yeah.

Speaker 2:

There's still people that are doing great and they're thriving. I had definitely a tougher year in 2024 than I've had in the past, but at the end of the year my overall volume was higher historically than I've had in the past. But at the end of the year, my overall volume was higher historically than I have had it been before. So it it. It closed out as a good year. It just uh, it just was not um, it wasn't as busy or it wasn't as smooth.

Speaker 2:

It was definitely a lot more work put into everything that closed, but again it goes down to grit. I was willing to fight through the challenges and keep, keep through it through the end of the year and that's what you know really just keeps you afloat. And we just seen those people that couldn't handle it. They were there when it was plentiful and there when it was easy, and as soon as it got tough, they they jumped out Absolutely so. So we've seen a lot of that. So I will say unprofessional or unexperienced agents, lenders, companies that we are putting to rest.

Speaker 3:

Any very interesting things you've seen this year.

Speaker 2:

Oh, a lot, A lot, I mean just as an every year. But I've just seen, you know, I've talked to a lot of agents that just had to kind of go out, even join another industry, just like get in something completely different. You know, just because real estate just got too tough, too slow, too tough. I seen some of the smaller loan brokerages, like even some that I had worked with before, you know, quite often and I'm not sure the formula how it works for you guys but when rates raise and they're not getting enough like volume of applications coming through or whatever, they have to add that into their pricing. So their cost went up substantially to where, like, buyers didn't want anything to do with that.

Speaker 3:

you know, it just wasn't competitive and typically you're going to see that too a lot of higher rates with really large lending companies, just because they have a lot more overhead costs um they're, you know they're their lenders a lot of times have insurance and other things through the company and so the larger typically the lending side is as far as a company. A lot of times you're going to see those rates reflect that.

Speaker 2:

Yeah, yeah. And. And JFK is that kind of like right there in a perfect spot, right yeah.

Speaker 3:

We're not a huge company, um, and that's why our rates are super competitive and I love that. And I love that we have direct contact to our underwriters. We work with them in-house, and it just makes everything a lot easier. We have a lot more leeway as far as getting in contact with them and working with them to get deals closed. But I think a lot of these huge companies were focused on buying a ton of refinance leads when the refinance boom hit and then when that died, out Everything else did yeah, yeah, definitely.

Speaker 2:

So we are putting a lot of those companies and a lot of those professionals or unprofessionals to rest. They can stay in 2024. We're not going in 2025 with them.

Speaker 3:

I think the biggest thing you know unprofessional is people just not answering the phone.

Speaker 2:

Oh gosh, and you know that is something that this, um I you know, with this new settlement in AR, things like that, going on communications with the agents is more important now than it ever has been before. We have to be able to have open communication, things like that. That, um, you know to have discussions and hey, you've got to pick up your phone. I think that's usually. That's usually you know to have discussions and hey, you've got to pick up your phone. I think that's usually that's usually very helpful.

Speaker 3:

Yes, definitely.

Speaker 2:

Um, another thing that, uh, back to the settlement. The settlement caused a lot of changes in 2024. It did. And another thing that the settlement brought on was uh, we no longer have co-ops on the MLS. Brought on was we no longer have co-ops on the MLS. So what co-ops are is basically the MLS, which is our listing system, where the agents go in and find notes on the listing, special instructions, everything like that.

Speaker 2:

It would previously show how much the seller is willing to pay the buyer's agent for compensation. That was something that was agreed upon at the listing appointment with the seller and the listing agent of this is how much we're paying the buyer's agents. So buyer's agents had it very easy because they would be able to go on and say, like you know, my fee to you is X amount and the seller is paying this amount. Maybe it's the whole fee, maybe it's a portion of the fee, and they've kind of worked that out prior to the offer If that fee needed to be changed, if anything needed to happen there or if the buyer was going to come in with a difference.

Speaker 2:

It was very transparent, but this new transparency act got rid of it. So the new under new regulations no longer there. We don't know what the seller is agreeing upon or if they're agreeing upon it, because it's not an agreement that's made at the listing appointment anymore. So when buyers go and they're shopping with their agent, they don't know what the seller is willing to pay. Go and they're shopping with their agent. They don't know what the seller is willing to pay If the seller is willing to pay. That's why there's a compensation agreement between the buyer and their agent and on the offer that they submit they are able to write in the compensation they want their agent to be compensated and that's up for negotiation between the seller at the time of the offer.

Speaker 2:

Do you feel like that's made things a little tricky? It has made things a little tricky. I do really wish that. I understand the concept of it being negotiable, that it should always be negotiable, it should never be mandatory. But I do think the seller, no matter what whether we discuss it ahead of time, we discuss it at the time of the offer the seller probably already has a preset notion of what they're willing to pay the buyer's agent for compensation, or if they are, because in some cases they're not. So I think that that I really think and wish though I can't change that I think it should still be very transparent and disclosed, because that could affect the buyer's decision and instead we're going through an offer process and all of this just to find out it's not going to work out. Or there are some buyers that just can't. They don't have the means to compensate their agent. They need the seller to cover that.

Speaker 3:

It's a lot of of extra work when really a lot of times sellers already know what they're willing to do.

Speaker 2:

Yeah, but now under this regulation.

Speaker 3:

It's like a whole extra step of fun, right? Yeah, it is it really is.

Speaker 2:

So I do think that that made things better on the buyers and the sellers, because again we're talking in terms where, say, a seller says I'm willing to give two apples and the buyer comes in asking for three, seller's willing for two. Now we're in contracts and negotiations on this where if they had known that ahead of time, they may have made their offer price different or changed things about their offer, taking into consideration what they knew the seller was willing to offer their agent. So that's different and it is put to rest. The transparency of MLS co-ops is gone, so that's no longer a thing.

Speaker 3:

I think it's good too, because I think starting the year fresh you know 2025, I think that whole situation was, you know, was a lot of panic and a lot of fear because we didn't, you know, a lot of people didn't know what was going to happen or what was going on. So I think, moving forward, it's definitely more outlined and now people can kind of clear their heads and just start fresh.

Speaker 2:

Yeah, absolutely Absolutely. So co-ops are to rest in 2024. Starting 2025, well, we've been starting without them, but we're going into 2025 without them. Gone On that note, too, commission bonuses. So this is something that we've seen a lot with new builds, when agents sometimes new builders and sometimes even regular, like resale agents, sellers that are on the resale market will offer bonuses to the buyer's agent as more incentive to bring a buyer yeah. It was kind of like an extra, you know icing on top like here.

Speaker 3:

Cherry on top of the cake. Yeah, cherry on top of the cake. Yeah, cherry on top of the cake.

Speaker 2:

We're going to give you this bonus. We're going to do this. Just bring us a buyer Now. If it is not in your buyer's representation agreement, you can't accept it. So the bonuses are gone. The bonuses are gone.

Speaker 3:

I think there's a lot more rules and structure on how everything can play out as far as commissions go.

Speaker 2:

Yeah, and we can. Um, we can retain the bonus and credit it to the buyer because the buyer's allowed to receive it, but the agent is not allowed to receive it. So we're not having any commission bonuses in 2025. Those are gone. Um, that's kind of sad. Yeah, it is, it is we. We liked it, it was a little extra incentive, but it's gone. It is behind us now. Nar membership I'm sure have you seen in the news. A lot of brokerages are leaving the National Association of Realtors.

Speaker 3:

I've seen a lot of stuff going on with that. I don't know as much as you know, I just see it all over.

Speaker 2:

Even.

Speaker 3:

Facebook.

Speaker 2:

I've seen a lot of people posting about even Facebook, I've seen a lot of people posting about yeah, some, uh some big brokerages are leaving. Um, there, I mean, there's discussion about even, like, starting up a new MLS. Um, that that is definitely a developing situation and we're going to see, um, how it all plays out. But I do know for certain that there are some brokerages leaving National Association of Realtors and they will no longer be a part of it in 2025. Do you?

Speaker 3:

know why.

Speaker 2:

This settlement, this lawsuit, everything has got a member of National Association Realtors takes you away from that agreement.

Speaker 3:

Because I don't know every detail as much as you do, but I've seen a lot of people, even on Facebook, like they're stepping down from positions.

Speaker 2:

Oh, yeah, yeah, there's a lot. There is a lot, so we're seeing some unraveling in a lot of aspects of NAR Like a soap opera in real life, yeah. Yeah, so going into 2025, there's definitely going to be some changes there and I really don't know how it's going to play out.

Speaker 3:

I'm watching and just kind of like you know on the sidelines, like what's happening there, to see what if this is?

Speaker 2:

even a good idea. I don't know if it's a good idea, I don't know if it's bad. I mean, nar has been around for so long and has been like our source for everything, so that it's interesting. It's interesting and we'll see how it's going to play out, and even I'm wondering if these brokerages are even going to be able to thrive without an AR behind them.

Speaker 3:

So, um, we we will see, we will see. I think it's going to be interesting. I think, you know, as the years go on, people tend to. You know, I don't want to say rebel, but they want to do things a different way. And and you know, I don't want to say rebel, but they want to do things a different way and, you know, take things a different route. And so we'll see. With technology and social media, I think there's a lot of growth that can happen. As far as you know, our industries go, so we'll see what happens.

Speaker 2:

And it goes back to the. It's kind of like big government, right, you know, like NARs.

Speaker 3:

I mean they're not government but in a sense, you know, it's like big government. They kind of run a lot, everything virtually.

Speaker 2:

And there's, there's lobbyists, there's all the same aspects of it the government has, and sometimes when things get too big, they get too complicated, too powerful to you know. There's just too much going on there. So maybe, maybe it's a good thing. We will see, we'll see how it all plays out and see how see what happens with that. And then, um, we have a couple of wishfuls that we want to lay to rest in 2024. So we are just hoping those die, just go away. Rates, rates Come down a lot.

Speaker 2:

Yes, we are hoping those high rates are gone, that they are a thing of the past. Let's leave them in 2024 and go into 2025 with some good rates. Yes, yes, bring it on, bring it on. We are all hopeful for that and there's a lot that shows that that's potentially what's going to happen.

Speaker 3:

It does, I think last year I mean, I even heard of people having rates at an 8.5, not with us but in other like my friend closed because I'm not licensed in Illinois but an apartment for 8.5%. I think the highest we saw last year was a 7.8. So just kind of in comparison, on a half a million dollars with 5% down at a 7.8, which was the highest we personally saw last year, your principal and interest would be at a 34, 3,419. And now sitting at a 6.8, same half a million at 5%, you're sitting right around 3,096. So it's 300 and almost $25 difference. So huge, huge difference.

Speaker 2:

Huge difference, huge difference. We need those rates to come down because that is going to strengthen our market Absolutely and we need it to strengthen. We want it to strengthen and we want homeownership to be possible for everybody, and at the current environment, it makes it a struggle. Yes, yes, agreed it a struggle. Yes, yes, agreed. If rates come down, we can definitely lay to rest that buyer weariness, because that is biggest concern right now for buyers is affordability, affordability, affordability and payment. And what's going on? People are waiting for homes to become a little more affordable and it doesn't look like that's going to happen with values. Values do not seem to be going backwards, so it's going to have to be in the rate. Yep, absolutely. So let's go into 2025 with lower rates and less fire weariness.

Speaker 2:

And I personally. We've been talking a lot about the NAR lawsuits and settlements and I just wish in this year, something magical will happen. And all of these frivolous lawsuits on everything, not just real estate, but just like everything, it is out of control and I wish we could put all that behind us. It has got into this, just, you know, just, it's this enormous, like superpower of, like everyone jumping in these class action lawsuits and it doesn't do. It doesn't really do the plaintiffs any good, or they don't benefit strongly from it, but the lawyers do, and it's, it's ridiculous. It's ridiculous. We're just seeing too much of it and I am very wishful and hopeful that we could put all of that behind us.

Speaker 3:

Yeah, I think this year is going to be a great year. I think we're going to see a lot of movement, I think rates are definitely going to come down and I think it's a new year and I think we're looking into a really going to have a really good year.

Speaker 2:

Yes, well good. Do you have any new year's resolutions?

Speaker 3:

you want to close with Um you know, just be better than I was last year, right, always my goal Right.

Speaker 2:

That's that that's growth, um growth for me too. I um definitely want to go into this new year, be better, be stronger, improve my skills and everything that I do so I can service and help more people and um and make this a great year. So get more people into homes, and that would be wonderful. And, courtney, how do people get ahold of you so?

Speaker 3:

you can get ahold of me 702-416-6918, call or text. I'm always available, I'm usually around and I answer texts very, very quickly and I will always give you a call back if I don't answer.

Speaker 2:

Yes, and she does. I text her often. I'm pretty quick, she is pretty quick on the responses.

Speaker 1:

I appreciate that.

Speaker 2:

And you guys can reach me at 702-308-2878. Let's start the new year with a new home and let's get you in there. You guys can follow us at realtycheckvegas. That is our link tree. That will link you to everything about real estate, everything about Realty Check. And we have a new affiliate for the show this year Chicago Title. So we want to give a shout out to them and we'll be posting a link for them and everything um. They're on the on our link tree and our website. So check them out. They're great, established and reputable title company here in las vegas and I believe they're nationwide. But definitely we have some great escrow officers that work with them here in vegas. And thank you guys for following us. Please like, share, subscribe, tell your friends and we'll see you next week. Bye, bye, you.

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