The Southern Nevada Real Estate Show

Wesley Knight 0:00
This is a Kun V studios original program. You're listening to special programming brought to you by ragana COVID Henry of Coldwell, banker, Premier Realty. The content of this program does not reflect the views or opinions of 91.5 jazz and more the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education. You

Regana Kooman Henry 0:37
Music. Welcome to the Southern Nevada real estate Show. I'm your host, Dragana. I am a real estate agent and broker, associate with Coldwell, banker, Premier Realty. I have been a licensed real estate professional since 1991 I am also a full time licensed real estate professional. Some of my accomplishments are, I am a quality service award winner. I am a member of the Veterans Association of real estate professionals, and I have assisted in all types of real estate transaction over the years, from first time buyers to experienced sellers, and also corporate buyers and sellers transferring in and out of Southern Nevada. Later on in the show, I will go over some important information for buyers and sellers, including how as a seller, you can get needed repairs and improvements done on your home before your home hits the market for showings to potential buyers, without you having to worry about paying for the repairs and home improvements done until your home is sold. That's right, not until your home is sold, and I will be talking about what impact the California wildfires may have on Southern Nevada, as well as the real estate market for 2025 here in Southern Nevada, regarding the interest rates, and how do you as a seller or a buyer decide if this is a good time To sell or purchase a home? Yes. Listeners, again, just like last month, you will have an abundance of current and helpful information regarding the Southern Nevada real estate market. And again, I hope the listeners of my show today remember that I said I would be bringing special guests on my show, so I do have a very special guest on my show, Alicia harworth, who is a escrow officer with tycore title company that is here to talk about what is a title company's role as part of all real estate transactions, how important it is to have a title company As part of all real estate transactions, and some very interesting real life stories, and also some scary stories, even about everyday situations that come up during real estate transactions in the southern Nevada real estate market. So welcome to the show. Alicia. Hi,

Alicia Harworth 2:57
regonna, thank you so much for having me today, I'm really excited to be here.

Regana Kooman Henry 3:02
Oh, it's a pleasure. It's so great to have you on my show this morning. So let's get started. So question number one, Alicia, tell the listeners this morning some things about you in general, and also your experience with being an escrow officer. So

Alicia Harworth 3:20
again, my name is Alicia harworth. I am an escrow officer at ticore title. I personally am a mom of three. Have been a Vegas residence for 30 resident for 30 years. I'm originally from California. My career background is I used to be in the beauty industry four year for a few years, and then I went to college for business, did a little career switch, met the president of our company, and she hired me in escrow, and I've been here since so I've been an escrow officer for 13 years, and are in escrow for 13 years and an escrow officer for four years. Okay,

Regana Kooman Henry 3:55
that's very impressive. And Alicia, what are some of the important roles of an escrow officer, and what are some of the important roles of a title company in general. So we

Alicia Harworth 4:05
a title company is a disinterested third party. We work with all parties of the transaction, the buyers, sellers, real estate agents, attorneys, any lenders, any CPAs, anybody, any professional that has to deal with real estate, has to go through the Title and Escrow Company. We're the middle man for everything. My job is to make sure the transaction is illegal. The seller has authorized, is authorized, to sell the property, and the buyer walks away with a property and the home with no pass liens and judgments, no outstanding balances, and they get the property free and clear, no clouds on title. All documents are signed through me. All money comes through me, and all money is dispersed through me.

Regana Kooman Henry 4:48
Okay, that sounds like you have a very important role, Alicia, and what are some interesting true stories you could share with the listeners this morning. You.

Alicia Harworth 5:00
Um, there's a lot of stories that I could go over, but time wise, I'm just going to give you a positive one that recently happened. We had a 65 year old man was buying a house, and his wife had passed away two years ago, and it was his dream. It was their dream, to buy a home, and now he's finally able to do it. He had a real estate agent approach him, talk to him about you're not too old to buy a house in the signing, he brought his wife's picture so they could be together, and he cried during the signing. We took pictures, and it was a beautiful moment. And it's stories like that is why I do what I do. When I get frustrated in my job. What keeps me going is meeting someone like that and stories like that. And I'm sure you can relate being a real estate agent, but yeah, that's a beautiful story that I had today.

Regana Kooman Henry 5:44
Wow, that's gonna make me tear up right now. That's really, really a great story. And yes, I do have had moments where I've had those heartfelt moments with my clients also. And what are some true, scary, let's say scary stories you can share with the listeners. Alicia, well, switching

Alicia Harworth 6:05
that over to scary, let's see one time we had a lady who changed her name. We'll call her Jane Johnson. She the owner of the of a $1.8 million property's name was Jane Smith. Jane Johnson changed her name to Jane Smith, and has been trying to sell this property for years. She's used multiple real estate agents. They have no idea about this transaction, you know. And she's gone through multiple title companies. The real owner, Jane Smith, had to record a Liz pendants on the property, and that stops the sale of a property. So this person can't sell it, you know. And I'm hoping that no title company will just slip it through. But, yeah, that's a it's a real scary thing with fraudulent sellers out there. Wow.

Regana Kooman Henry 6:47
It's good that you investigate to make sure nothing bad happens to the real seller. Definitely. Wow. And Alicia, if someone is not married when they purchase their home, and now that person is married today and wants to sell that same home. Does the spouse have to sign any paperwork at the title company?

Alicia Harworth 7:08
Yes. Whether you're married when you purchase a property and then you get married after, when you go to sell the property, your spouse will have to sign what's called a quit claim deed, or a spousal deed. They have to remove their interest off the property, because this is a community property, state, yes, once you're married, your spouse now has interest in in the home you own. So in order for you to sell it, they have to remove their interest off of the property,

Regana Kooman Henry 7:33
okay? And let's say, for example, is there a way for a buyer or seller that lives overseas and cannot be here locally to sign their closing documents. Can they sign with a online mobile notary? Alicia,

Alicia Harworth 7:50
yes, there are requirements for an online mobile notary. You have to be a US citizen, you have to have four years of credit history, you have to have a computer with a camera, and you have to have an identification and email address. If you are not a US citizen, you do not have a credit history with the United States of America. There are hate convention countries where you can use an apostille notary. There's a list of those countries. And Canada, you can use what's called a barrister. They're a sort of attorney out in Canada. And then any country that's not on the Hague Convention or is not Canada, you can go to the US Embassy to sign all of your documents, but it does have to be in English, and it does have to be with a US notary.

Regana Kooman Henry 8:33
Okay, good. Good to know. Very good to know, in case someone out there is having that situation. And Alicia, is it true that if you're an all cash home buyer, that you can, did it digitally sign online all your closing documents from anywhere and not need a notary? Yes,

Alicia Harworth 8:51
that's that's true, at least with high court title. I can't speak with for other title companies. But if you have a cash transaction, there's nothing that needs to be notarized in our escrow documents for a buyer, for a buyer. So nothing needs to be nothing needs to be notarized. So you don't have to sign with a notary. You can sign electronically. Okay,

Regana Kooman Henry 9:08
good to know. And what are the risks Alicia to not have a title company and escrow officer as part of the real estate transaction? Well,

Alicia Harworth 9:19
you'll have to deal with fraudulent sellers. You might have someone that's selling you the property that's not authorized to do so, an ID to the naked eye. Sometimes, if you're not used to them, a bad ID, you just wouldn't know if it's if it's the correct person. Any liens, judgments, mortgages, any balances owed on a property, we pull a title report to know what needs to be paid off. So you, as a buyer, walks away free and clear. You know you there's no past judgments, and then we issue title insurance. So if you don't go through a title company, you have no insurance that your property is free and clear, and no insurance that you would have to pay someone's bills. That's,

Regana Kooman Henry 9:57
that's, that would be really scary. Oh, my. Goodness and Alicia. What are some, let's say, real life horror story examples of what you have seen over the years where a buyer or seller did not use a title company and an escrow officer previously, and you and the title company, Tiger title now has to correct issues on the title because of that. Well,

Alicia Harworth 10:25
unfortunately, if you don't use a title company, we can't correct issues. But I can kind of give you some warning we have it's exactly that, exactly what I talked about before. You can have someone that sold you a property that we've had people sell come in to sell a property. They have a contract, and they purchase a property from someone that wasn't the seller, or wasn't, you know, like a brother of a brother who sold a property underneath his brother, and now you cannot sell it. Or we've had transactions where the previous seller had $100,000 tax lien and a mortgage that wasn't paid off, delinquent HOAs liens judgments in their names, and now this new buyer is responsible to pay that off in order to sell the property, because the new buyer is promised to free and clear property, so you always want to go through a title company to be on the safe side. Well,

Regana Kooman Henry 11:18
definitely, it sounds like it. And Alicia, what are some issues that come up when a seller is selling a home that's in a trust, and what general steps did you have to take to have the issues corrected? So

Alicia Harworth 11:33
if you're selling in a trust, I guess I just recommend that you have the correct trust paperwork. If it your trust paperwork has to be exactly how it's vested. Typically, if it's Alicia harworth Family Trust, it's going to be Alicia harworth Family Trust documents you need. Another problem that arises when it comes to trust is like deceased trustees. If you have a deceased trustee as a successor trustee, you can sell the property, but you have to have their death certificate. You have to have the full trust. If your trust is 100 pages, you got to have all 100. Those are typically things that that are missed when it comes to trust also. I mean, it doesn't matter if your property was vested in a trust 25 years ago, you have to have a copy of it. Okay,

Regana Kooman Henry 12:16
good to know. And what are some issues that you had to deal with regarding, let's say, probate sales, and what general steps did you have to take to have the issue corrected?

Alicia Harworth 12:29
Typically with probates, the problem that lies with there is timelines are not accurately communicated to buyers and sellers. Sometimes a probate can take 30 to 90 days to complete and to have approved. There's letters that have to be sent out, there's timeline waiting periods that have to happen, and sometimes that's not communicated with buyers and sellers. You have to just make sure you communicate that to your clients. And as a buyer and seller, you know that there might be a waiting period, but typically you're going to go through an attorney who does the paperwork accurately, and then the title company will have to approve all the probate paperwork I

Regana Kooman Henry 13:05
see. I see good to know. And what are some issues that you had to deal with, let's say, regarding divorce sales, and what general steps did you have to take to have those kind of issues corrected

Alicia Harworth 13:20
when it comes to divorces. If you are divorced, whether your spouse is on title or not, you have to supply a divorce decree, because, like I said before, it's a community property state, so your spouse has interest in the property. One, when you get a divorce, you want to make sure your property is laid out in the divorce, who's to own the property after the divorce, who's allowed to sell the property after the divorce and how the proceeds are split, because your spouse could be entitled to money. And so we at the title company have to see that divorce decree so we know exactly what we need to pay out to your spouse or not. I see and if you're going through a divorce and it's not yet finalized, you want to just make sure you have you and your spouse are in agreement on how the proceeds are to be split.

Regana Kooman Henry 14:06
I see, I see, that's good to know. And what is now, let me ask you this. Alicia, I know we only have 30 minutes, but what is the most bizarre escrow transaction issue that you had ever had to deal with, and how did you resolve that issue? This

Alicia Harworth 14:27
one took me a while to think about, because I have had in 13 years, have had some very interesting transactions. Wasn't very interesting? Yes, yes. I think we've had some interesting

Regana Kooman Henry 14:39
traffic. Yes,

Alicia Harworth 14:41
but one that kind of recently happened last year is there was a divorce couple, husband and wife. I opened a transaction. The wife was selling the property with a real estate agent, and my colleague, Tamara, who was in an office right next to me, opened the same property address with her husband, with a real estate agent. Did. Different real estate agent. So us working together so closely, we realized we had the same property address. And so each person decided they did not want to supply the divorce decree because they didn't. One was saying, Oh, I get the house. The other person saying, I get the house. But it's crazy. I mean, the arguments that was going on, the confusion happening. It was the it was a really crazy transaction. All in all, we finally got the divorce decree, and one of us has the escrow, and the other one had to cancel. So,

Regana Kooman Henry 15:28
yeah, that's a lot. Yeah, card for your money. I know that. Yes, you do so Alicia, thank you so much for answering my questions this morning. And could you please give your your name, your contact information, for the listeners out there, and so that they can write it down. All right. So again, my name is Alicia harworth. That's spelled a, l, i, c, I, a, H, A, R, W, O, R, T, H. My phone number, my direct line to my office is 702-932-0933,

Alicia Harworth 16:02
my email address is Alicia dot harworth at tycore, title.com, and that's again, a l, I C I A, dot H, A R, W, o r t, h, AT T, I C O R T, I T, L, e.com, my license number Is 3621279, and my office is located off of st rose Parkway and 215 cross streets. So if there's any real estate agents out there listening, please feel free to reach out to me with any questions you have regarding anything I talked about today, or if you need any assistance with your escrows, I would love to help you

Regana Kooman Henry 16:35
well. Thank you so much, Alicia and Alicia, do you mind sticking around at the end of the show, I'd like you to come back on the air and give your your name and contact information again, just for anyone that was not able to write down all your information just now, absolutely okay. Thank you so much. Yes. So On another note, many of you that have been loyal listeners to my show have heard me talk about the real vitalized program for sellers that want to sell their home for the highest market price possible. However, you do not have the money to do the necessary work and or improvements on the home in order to get the top market price for the home. For all you potential sellers out there listening this morning, you know that in order for your home to get top quality buyers that will pay the top market price for your home, the home needs to shine like a new penny. The home needs to be in top condition, just like when you are trying to sell your car, right? Think of it that way. Your home needs to look good, it needs to smell good, and it needs to function well, regarding the plumbing, electrical, heating and cooling. The roof should be in good condition, free of any leaking, as well as how the home looks on the outside, regarding the landscaping painting and miscellaneous things like that. Now this program will allow the work to be done on the home before the home is on the market for showings. And the greatest benefit of this program is the payment for the work is made after, yes, you heard me correctly. The payment is made after the closing of the home, not before. For more information about this very convenient program that some of my past sellers have really benefited from. My number is 702-596-1267, now, on another note, I guarantee my services by putting my services in writing as part of the written contract when I represent all my seller and buyer clients, that's right. So you do not need to worry about me signing you up on a contract as my buyer or seller and then not doing what you hired me to do. For any listeners out there that have any real estate questions at all, no matter if you're thinking of selling your home or purchasing a home, my number is 702-596-1267, that's 702-596-1267, now I'm familiar With all types of situations, including probate cells, divorce cells, 1031, exchange cells, traditional cells, and so much more. And again, I guarantee in writing my services to you, that's right, I guarantee all the steps necessary to accomplish all your selling or purchasing needs in writing as part of the written contract of representing you as a seller or a purchaser, for more information and an appointment to further understand how I do business and how I can help you to achieve your buying and selling real estate goals for 2025 my number is 70. Oh, 25961267, that's 702-596-1267, and many of you listeners probably are wondering, what impact does the wildfires have on the southern Nevada real estate market? As you know, unfortunately, there are 1000s of people that are affected by the current wildfires, and many of those people that have lost their home are going to be planning to relocate and move away from California if they can afford to start over. And with that happening, there will be even a greater demand for housing here in Southern Nevada, and with the high demand, prices will have a greater chance of being higher, and the cost of building materials will have a greater chance of being even higher. So if you're thinking of selling a home to upgrade to another home here in Southern Nevada, then a good time to upgrade would be now, because the new home that you want to upgrade to, could be even more expensive the longer you wait and procrastinate. Also, I know there will be many California residents that may not have been affected by the wildfires, even, however, are just tired in general, from things happening there, like wildfires, earthquakes, mudslides and other things like the cost of living being so high. And so these California residents will be looking to make a major, permanent change of location. And if you would like to talk about this further and in more detail, my number 702-596-1267, Now switching gears again. I would like to talk about where the Southern Nevada real estate market is headed for 2025 in regards to interest rates, 2025 can be a great year for many of you thinking of purchasing a home. This year, there are options of receiving a fixed below market interest rate that is below the going rate. Currently, there are some sellers that may offer an incentive to help a buyer to buy down the interest rate. There are new home communities even that can offer a rate, interest rate buy down, and if you're able to purchase now at today's interest rates, there is always the opportunity to refinance the rate when the interest rate goes down. However, if you're waiting for the interest rate to be lower before you purchase a home, you are now gambling on paying a higher price for that same style home in the future as the saying goes, marry the property and date the rate. So if you're able to purchase today, at least you're purchasing at today's price, instead of gambling with the prices being higher in the future. No one knows. No one knows an exact date for the interest rates to drop. However, you do have the opportunity to purchase at today's prices. Now, many of you that are wondering if 2025, is the right time to sell a home. Well, the only way to find out is not to be looking at pricing online, on a computer, no, no, no. The only way, only real way of knowing is by contacting a professional real estate agent like myself, raghana Cooman, Henry at 702-596-1267, so that we can get together and I can show you a detailed report on your neighborhood and current sold prices of homes that are similar to your home. And the same thing applies if you are wondering if 2025 is a good year to purchase a home, and the only way to do that is to make an appointment with a knowledgeable and creative mortgage loan officer in order to look at real numbers to determine what type of loan is best for you, and also have a full service and knowledgeable title company and escrow officer as a very necessary and important part of the transaction, like Alicia harworth at tike or title company. And if this year is a realistic time to start the process of becoming a homeowner, then you are off to a great start by having these necessary professionals in your corner. Now, for you listeners out there that are looking to purchase a home in 2025 Did you know that an approval letter from a lender may not actually mean you're actually approved at all? That's right, a letter that says you're an approved from a lender may just be a piece of paper, and the only way to ensure that you are actually approved is to have a very experienced real estate agent as myself, to guide you with the pre qualification process while you are going through the pre approval process and never, ever start shopping for a home without a strong and solid written approval from a highly professional and experienced lenders always, always take the time to find the right lender. You need to know what your down payment is going to be, your closing cost going to be, and never get approved on a computer, always speak to an. Actual loan officer that's experienced with all types of mortgage loans and situations, any real estate transaction is a process of necessary steps involved, from A to Z, and if there is a missing step or the steps are not consistent or out of order, then the transaction could turn really bad, really fast. Now we all know that someone's home and money are people's most important assets in life, and people in general are looking for someone that they can 100% trust when it comes to their home and money, I personally will treat your home as if it were my home. When you hire me as your real estate professional to sell your most important asset, which would be your home, I will negotiate the highest market price possible for you with the best terms that is possible for you, I will guide you as my seller throughout the whole process of selling your home, from the beginning to the end of the entire transaction, with all the many moving parts. And my phone number for more information, and an appointment is 702-596-1267, on another note, if you happen to own a home in another state and you do not have a realtor that you're familiar with, and you would like to locate one to help you sell that out of state property, there is no no charge for Helping you to find a realtor in another state and again, phone number, 702-596-1267,

now, on a last note, I just want to let the listeners know I appreciate all of you listeners so very, very much and all my past future clients that I've Been able to assist as a result of this show has really helped me to connect with clients that I would not have connected with any other way, since they are already listening to this radio station, K, U, N, V, the jazz and war station, and also it helps the listeners to understand my work ethic and how I do business As a real estate professional, and how I appreciate all my clients. Okay, now whatever your real estate needs are, you know, I take that very seriously, and I know I have a huge responsibility as your real estate professional, and I'm so grateful for this fabulous career consisting of helping so many people with the American dream of home ownership and also selling their existing home and gaining financial wealth and stability I can represent on a variety of transactions, including new construction, resale homes, single family homes, condos, high rise condos, land, four plexes and the areas I services Las Vegas, Henderson, Boulder, city north Las Vegas, Pahrump and mesquite. Now my final, final thoughts to all the listeners this morning, do not let fear consume you from realizing your goals for 2025 and if selling or purchasing a home is one of your goals this year, and you would like a one on one consultation. My number again, 702-596-1267, for an appointment. Now, Alicia, please give your name, company name, phone number again, out for the listeners that did not have a chance to write it down earlier.

Alicia Harworth 28:18
Again, my name is Alicia harworth from Thai core. Title, my direct phone number to my office is 702-932-0933, my email address is my first name, dot last name at ticore. Title.com, that's a l, I C I A, dot, H, A R, w o r t, h, AT T, I, C, O, R, T, I, T, L, e.com, my license number is 3621279, my office is off of st rose Parkway and 215

Regana Kooman Henry 28:52
thank you so much. Alicia, it's been such a pleasure, and you're a wealth of knowledge for everything, for Title Company, Title Company and title search and everything related to your field. Thank you so much. Thank you. And I am ragana COVID, Henry with COVID banker, Premier Realty, your host for the Southern Nevada real estate show that airs every third Sunday of the month at 8:30am my number is 702-596-1267 that's 702-596-1267 and my license number is BS, 27880, you can follow me on Facebook, Instagram, Tiktok and YouTube. Thank you so much for listening to my show this morning, and I wish everyone listening a great Sunday and a great week you.