Latest / Bought Borrowed and Sold / The year is 2/3 of the way over, don't miss out on that dream house.

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The year is 2/3 of the way over, don't miss out on that dream house. · Bought Borrowed and Sold

• 0:00
  Speaker 1: All right, welcome to Bought, Bought, and Sold. Good morning.
• 0:04
  Speaker 2: Hope everybody's doing fantastic. And I'll tell you what, it's
• 0:08
  Speaker 2: been a fun week. And our lives have been focused
• 0:13
  Speaker 2: on football.
• 0:15
  Speaker 1: Isn't that right, Brad? I think that's my first thing
• 0:18
  Speaker 1: I said.
• 0:18
  Speaker 3: I said, I don't know much about what's going on
• 0:19
  Speaker 3: in mortgage this week, but if you want to talk
• 0:21
  Speaker 3: a lot of football, I got all kinds of stuff.
• 0:23
  Speaker 2: Our lives are now football, baseball, and real estate.
• 0:27
  Speaker 1: A little bit of baseball, too.
• 0:29
  Speaker 2: Yeah, so....
• 0:31
  Speaker 1: Basketball coming this week. We were talking a little bit earlier.
• 0:34
  Speaker 2: You know, basketball?
• 0:35
  Speaker 1: Hoopswood starts this coming Friday.
• 0:37
  Speaker 2: Oh, we're not doing that. We're not doing that. So
• 0:41
  Speaker 2: while we, you know, excel during the week, or during
• 0:45
  Speaker 2: the weekday business hours.
• 0:49
  Speaker 3: While we're— Gusty's better at that than me. I get
• 0:52
  Speaker 3: distracted and pulled in a bunch of different directions.
• 0:54
  Speaker 2: So, you know, we— We fund our kids' extracurricular activities
• 1:00
  Speaker 2: through real estate, it seems like. And so Tripp had
• 1:05
  Speaker 2: his first game, which was very cool. And they wanted
• 1:09
  Speaker 2: us there. We played at Pelham. And they wanted us
• 1:12
  Speaker 2: there at 5 o'clock for a 6 o'clock game. And
• 1:15
  Speaker 2: it was the day that— The bridge got hit over at.
• 1:21
  Speaker 1: The Shelby County Airport.
• 1:22
  Speaker 2: Oh, yeah. So, like, everybody's already, like, nervous about traffic
• 1:26
  Speaker 2: patterns and everything. So I was like, well, I get,
• 1:30
  Speaker 2: you know, in Homewood, I'm like, all right, well, it
• 1:32
  Speaker 2: should probably take us 15 minutes to get to Pelham.
• 1:34
  Speaker 2: I was like, but if we're trying to get there
• 1:36
  Speaker 2: at 5 o'clock, let me budget 30 minutes. So we
• 1:40
  Speaker 2: got there in time, and I really didn't know what
• 1:44
  Speaker 2: the traffic was going to be like because of that bridge,
• 1:46
  Speaker 2: even though it was, like, 10 miles down the road. Right. Um,
• 1:50
  Speaker 2: but anyways, we, we got, we got to the football
• 1:53
  Speaker 2: place and, and, um, we, we ended up, we, so
• 1:57
  Speaker 2: we played at Pelham. It was really fun. And I
• 1:59
  Speaker 2: was telling you before we got started, uh, my son
• 2:02
  Speaker 2: had just like, it was his first game in tackle football,
• 2:07
  Speaker 2: fourth grade, and he crushed it. He totally crushed it.
• 2:11
  Speaker 2: Had three sacks, two fumble recoveries, two tackles behind the
• 2:15
  Speaker 2: line of scrimmage. And is only playing defense. He is
• 2:18
  Speaker 2: a defensive specialist. And he had the time of his life.
• 2:22
  Speaker 2: And then after the game, they basically said, the team
• 2:26
  Speaker 2: gave him the chain. He got that dog in him.
• 2:30
  Speaker 3: So Gus and I live on the same street, really
• 2:34
  Speaker 3: close to each other. And so when I got home,
• 2:37
  Speaker 3: we had another fifth grade game the same night, not
• 2:39
  Speaker 3: in the team I'm coaching, but in our other fifth
• 2:41
  Speaker 3: grade team. And so I just got home in the
• 2:43
  Speaker 3: driveway and was kind of doing stuff out. And it was,
• 2:45
  Speaker 3: you know, it's eight 30 ish, whatever, eight 15. I
• 2:48
  Speaker 3: don't remember what it was, but, um, I see the,
• 2:51
  Speaker 3: the ghoulish mobile start pulling up to the house and
• 2:53
  Speaker 3: I'm like, Oh, they must be coming back from their games.
• 2:55
  Speaker 3: I'm just kind of standing out the driveway, waiting to
• 2:57
  Speaker 3: see how it went and going to chit chat. And
• 2:59
  Speaker 3: it's like, all right, trip, come show coach Brad, what
• 3:02
  Speaker 3: you got going on?
• 3:03
  Speaker 1: And here he comes. I mean, That chest was up
• 3:06
  Speaker 1: and that chain was out, buddy.
• 3:08
  Speaker 3: Smiling from ear to ear. It made my night. I
• 3:12
  Speaker 3: love that stuff so much. And just the kids' faces
• 3:15
  Speaker 3: and excitement. I mean, it's just different than any other
• 3:19
  Speaker 3: thing that they do sports-wise. And so, anyways, I think
• 3:24
  Speaker 3: I was almost as excited as y'all were because that's
• 3:27
  Speaker 3: just awesome.
• 3:29
  Speaker 2: So a buddy of mine, you probably know Jim Cavall. Yeah.
• 3:32
  Speaker 2: He's– with Influencer and well, he used to, he started Influencer.
• 3:38
  Speaker 2: I think he sold that. And he was one of
• 3:39
  Speaker 2: the partners in Iron Tribe. Just awesome dude. Very sports related.
• 3:43
  Speaker 2: His son was playing in the game after ours. And
• 3:47
  Speaker 2: so I saw him like maybe first quarter and I
• 3:51
  Speaker 2: went and said, Hey to him. And I just said, Hey,
• 3:53
  Speaker 2: I was like, my boy's, you know, number two, he's
• 3:55
  Speaker 2: got one of the, one of the two blue guardian
• 3:58
  Speaker 2: helmets on.
• 3:58
  Speaker 1: Yeah.
• 3:59
  Speaker 2: And I was like, pretty easy to pick out. And
• 4:02
  Speaker 2: so a little bit later on, he goes, My goodness,
• 4:05
  Speaker 2: he's got some wheels. He goes, he was on the
• 4:08
  Speaker 2: ground and with one hand pulled the quarterback down for
• 4:12
  Speaker 2: a sack.
• 4:12
  Speaker 1: I was like, that's my boy. That's my kid.
• 4:16
  Speaker 2: Awesome.
• 4:16
  Speaker 1: It was fun.
• 4:17
  Speaker 2: So that's taken, you know, four nights a week for
• 4:21
  Speaker 2: practice has taken over our life. And then he wanted
• 4:25
  Speaker 2: to try out for a travel baseball team called the
• 4:27
  Speaker 2: Birmingham Giants.
• 4:28
  Speaker 1: Yeah. Made that team. Great.
• 4:30
  Speaker 2: And then, oh, no, just wait. What? He tried out
• 4:34
  Speaker 2: for the Birmingham Boys Choir and made that.
• 4:37
  Speaker 1: I mean, not just an athlete. Works both sides of
• 4:40
  Speaker 1: his brain.
• 4:41
  Speaker 2: I'm like, my gosh. So we might be having to
• 4:46
  Speaker 2: hire a runner for just the kids.
• 4:50
  Speaker 1: Well, let me know what it pays.
• 4:52
  Speaker 3: I'm usually going to all those places anyway. So if
• 4:55
  Speaker 3: I need to shuttle and drive, that's what I do.
• 4:59
  Speaker 3: Most of my day is fielding text of who needs
• 5:02
  Speaker 3: rides to practice and who I've got to pick up
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  Speaker 3: and take home after.
• 5:05
  Speaker 2: How did Tucker do in his game?
• 5:08
  Speaker 3: Well, we technically– so we play Thursday night. So we're
• 5:13
  Speaker 3: going to find out.
• 5:14
  Speaker 2: Okay.
• 5:14
  Speaker 1: All right. We haven't played our first game yet.
• 5:17
  Speaker 2: Okay.
• 5:18
  Speaker 3: So we had– our schedule was a little weird, so
• 5:20
  Speaker 3: we'll see. But to your point about the Pelham thing,
• 5:24
  Speaker 3: we play at Thompson and Alabaster at 6.
• 5:26
  Speaker 2: Okay.
• 5:27
  Speaker 3: And so– what I have told my team and my
• 5:29
  Speaker 3: parents of the team are, I'm not going to give
• 5:32
  Speaker 3: you time. I want you there by, I'm going to
• 5:35
  Speaker 3: give you some suggestions on when you're like, should be
• 5:37
  Speaker 3: leaving by, because I don't, I don't, I mean, who
• 5:40
  Speaker 3: knows how long at that time of day headed for
• 5:42
  Speaker 3: southbound from Alabaster, how long that drive is going to
• 5:45
  Speaker 3: take with traffic and work.
• 5:46
  Speaker 1: And so I'm like, I'm probably going to leave at
• 5:49
  Speaker 1: four 15.
• 5:50
  Speaker 3: I would say four thirties, your drop dead latest.
• 5:53
  Speaker 1: Cause I really want to drop five 15, five 20. Yeah.
• 5:56
  Speaker 3: There's not a lot you can do for an hour
• 5:57
  Speaker 3: and it's, they start getting a little bit like, we've
• 5:59
  Speaker 3: been out here for a while and it's like, they
• 6:00
  Speaker 3: kind of get dead. So I don't want them there
• 6:02
  Speaker 3: too early, but anyway, so, but it is, it is
• 6:04
  Speaker 3: kind of already in my head of like, how do
• 6:05
  Speaker 3: we get down there in that timeframe?
• 6:08
  Speaker 2: Oh yeah. Oh yeah. Well, in the middle of, uh,
• 6:11
  Speaker 2: you know, football, baseball and choir, uh, we've got a,
• 6:14
  Speaker 2: we've got a job to do. We got to sell
• 6:16
  Speaker 2: some houses and we got to provide some loans.
• 6:18
  Speaker 3: Right.
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  Speaker 2: Yep. So, um, yeah, so we've got like four open houses, uh, today, uh,
• 6:24
  Speaker 2: We've got, it looks like, four new listings that we're
• 6:28
  Speaker 2: going to talk about. So, Brad, let's go ahead and
• 6:30
  Speaker 2: play the game. Let's do it.
• 6:31
  Speaker 1: Let's share the rules with our listeners.
• 6:33
  Speaker 3: Yep. Gus is going to go through the properties. He's
• 6:35
  Speaker 3: going to give us all the cool features and details
• 6:37
  Speaker 3: that we need to know. But the main one I
• 6:40
  Speaker 3: need for us to play the game is what is
• 6:42
  Speaker 3: that list price? What is that purchase price going to
• 6:44
  Speaker 3: be on that home? At which time I'll give a
• 6:45
  Speaker 3: potential down payment that a borrower may make. And then
• 6:48
  Speaker 3: Gusty and John Mounts will take their best educated guesses
• 6:51
  Speaker 3: at the 30-year fixed monthly principal and interest only payment.
• 6:56
  Speaker 1: I'm ready to roll. I hope y'all are ready to roll. Yeah.
• 6:59
  Speaker 1: Get it. So I'm going to talk about our new listings.
• 7:01
  Speaker 2: And then after we get done with the game, I'm
• 7:03
  Speaker 2: going to talk about what we've got open.
• 7:05
  Speaker 1: Cool. This afternoon.
• 7:06
  Speaker 2: Or should I just go ahead and tell about what
• 7:08
  Speaker 2: we've got open?
• 7:09
  Speaker 1: It's your show.
• 7:09
  Speaker 2: Well, that's a good point.
• 7:10
  Speaker 1: All right. So let's do this.
• 7:12
  Speaker 2: I'm going to talk about our four open houses, and
• 7:15
  Speaker 2: then I'm going to kick the game off.
• 7:16
  Speaker 1: Cool.
• 7:17
  Speaker 2: We've got open this afternoon from 2 to 4 in
• 7:20
  Speaker 2: Forest Park, 4648 Claremont Avenue. This one is a three-bedroom,
• 7:25
  Speaker 2: one-and-a-half-bath brick rancher with a one-car garage. We're asking $ 360.
• 7:30
  Speaker 2: So go see Richie at this home this afternoon from
• 7:34
  Speaker 2: 2 to 4. We've also got one open in Pelham
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  Speaker 2: in Chandelar, which is my old stomping grounds, 2101 Chandebrook Drive.
• 7:43
  Speaker 2: Three bedrooms, two and a half baths, 2,222 square feet
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  Speaker 2: on the main levels and another finished basement den with
• 7:51
  Speaker 2: about 400 square feet in the basement.
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  Speaker 1: $ 379.
• 7:53
  Speaker 2: 99. Go see Kyle Bedgood. We've also got in the
• 7:59
  Speaker 2: Cropwell area, 200 Valley View Road. That's over in the
• 8:04
  Speaker 2: Pell City. On 1.3 acres, built in 2009, a five bedroom,
• 8:08
  Speaker 2: three bath, two half bath home.
• 8:10
  Speaker 1: 4,400 square feet.
• 8:12
  Speaker 2: Man, that's a lot of square footage. And how about
• 8:15
  Speaker 2: it for only $ 525, 000? Yeah. That's some value. So that's
• 8:20
  Speaker 2: going to be open this afternoon, well, midday, 12 to 2.
• 8:24
  Speaker 2: Go see John Michael Brannan. And then over in Hoover
• 8:27
  Speaker 2: in the foothills at Blackridge Neighborhood, 3024 Blackridge South Parkway.
• 8:34
  Speaker 2: We've got a four-bedroom, three-bath, 2,753-square-foot home. That was just
• 8:39
  Speaker 2: built in 2024 for $ 700, 000. And yeah, so that one's
• 8:45
  Speaker 2: going to be open this afternoon from 2 to 4
• 8:47
  Speaker 2: as well. So we've got a bunch going on that's open,
• 8:49
  Speaker 2: but here's our new listings of the week.
• 8:53
  Speaker 1: Our first new.
• 8:53
  Speaker 2: Listing is 4508 Maple Circle. This is in Adamsville. It's
• 8:58
  Speaker 2: a three-bedroom, one-bath home with 975 square feet. And we
• 9:01
  Speaker 2: are asking $ 80, 000. This one has a huge fenced backyard. And,
• 9:10
  Speaker 2: you know, it's kind of hard to find homes for $ 80, 000.
• 9:11
  Speaker 2: This could be an investment property. It could be something
• 9:15
  Speaker 2: that could be your first house, your last house.
• 9:18
  Speaker 1: Kind of whatever you want.
• 9:18
  Speaker 2: Yeah. So $ 80, 000.
• 9:19
  Speaker 1: $ 80, 000. We're going to start with a mild down payment
• 9:21
  Speaker 1: of 5% down.
• 9:22
  Speaker 2: 5% down. 5% down. Okay. All right.
• 9:23
  Speaker 1: I'm going to go with.
• 9:39
  Speaker 1: Let's go with $ 547.
• 9:45
  Speaker 2: I'm going to go.
• 9:52
  Speaker 1: I was actually thinking 50-50, but I don't want to
• 9:56
  Speaker 1: accuse the price of writing, so let's go. 50-50 would
• 9:59
  Speaker 1: be real high, too. Okay, let's go 500 even.
• 10:01
  Speaker 2: 50-50.
• 10:02
  Speaker 1: No, I mean 500.
• 10:02
  Speaker 2: I meant 500-50. Oh.
• 10:03
  Speaker 1: Sorry, sorry. But you're going with 500.
• 10:04
  Speaker 2: Right, 500. 500.
• 10:05
  Speaker 1: The actual payment was $ 493. John gets round one.
• 10:19
  Speaker 3: I was just messing with them on the 50-50.
• 10:21
  Speaker 1: That's what I was going for.
• 10:23
  Speaker 3: That thing paid off in the first year.
• 10:26
  Speaker 2: Hey, next new listing is in the McCullough area, Cheshire Park.
• 10:31
  Speaker 2: This is a townhome located at 6050 Townley Court. Built
• 10:35
  Speaker 2: in 2006, it's two bedrooms and two baths, 1,374 square feet.
• 10:38
  Speaker 2: We are asking $ 225, 000. It's got new paint, new roof,
• 10:39
  Speaker 2: new HVAC, new LVP flooring. And all that for $ 225, 000.
• 10:50
  Speaker 2: This listing is courtesy of Carla DeLiberto. Congrats on your
• 10:55
  Speaker 2: new listing, Carla.
• 10:57
  Speaker 3: Nice. All right, 225. John, we're going to start with
• 11:00
  Speaker 3: you at 20% down. 20% down.
• 11:01
  Speaker 2: 20%?
• 11:01
  Speaker 1: Percent. Percent. It's percent. So 20% of that. So 10%
• 11:05
  Speaker 1: would be 244. So we're financing like 180-something. So... $ 1, 100. Well, Brad,
• 11:20
  Speaker 1: I'm going to go with $ 1, 140. The actual payment was $ 1, 167.
• 11:27
  Speaker 1: Gusty gets round two.
• 11:29
  Speaker 2: We've got us a battle.
• 11:29
  Speaker 1: All right.
• 11:30
  Speaker 2: Next new listing is in Helena, $ 1, 231. Wilkerson Circle. This
• 11:50
  Speaker 2: is in the Wyndham neighborhood, built in 2000. Two bedrooms,
• 11:54
  Speaker 2: two baths, 1,230 square feet. It does have a one-car garage,
• 11:59
  Speaker 2: and we are asking $ 247, 000. One thing about this, it's
• 12:04
  Speaker 2: on a half-acre lot, which is huge for this area.
• 12:08
  Speaker 2: So they added some fencing in 2023, and also a
• 12:14
  Speaker 2: upgraded some insulation, and about five years ago put in
• 12:18
  Speaker 2: a new HVAC, which is nice. All right, and that
• 12:20
  Speaker 2: listing is also courtesy of Carla DiLiberto. Carla is on fire.
• 12:25
  Speaker 1: Fire. All right, 247, 5% down. Five. Five percent down.
• 12:29
  Speaker 2: Okay.
• 12:29
  Speaker 1: I'm going to go with.
• 12:31
  Speaker 3: $ 1, 407.
• 12:43
  Speaker 1: I'm thinking $ 1, 350.
• 12:43
  Speaker 2: It was actually $ 1, 522.
• 12:45
  Speaker 1: Went the wrong way.
• 12:46
  Speaker 2: Yep. Y'all went.
• 12:50
  Speaker 1: The wrong way. All right.
• 12:50
  Speaker 2: Man. All right.
• 12:54
  Speaker 1: Can John tie it? Can John tie it? I don't
• 12:56
  Speaker 1: think so.
• 13:09
  Speaker 2: Condo, Regency Terrace Condo. It's off of Beacon Parkway. This
• 13:12
  Speaker 2: is the one, you know, you've got one side that
• 13:16
  Speaker 2: you've got views of downtown. You've got one side that
• 13:19
  Speaker 2: you've got views.
• 13:19
  Speaker 1: Of over the mountain.
• 13:20
  Speaker 2: 1120 Beacon Parkway East. This is number 602. It's a two-bedroom,
• 13:25
  Speaker 2: two-bath condo. Very spacious, 1,482 square feet.
• 13:27
  Speaker 1: We are asking 318.5, 318.5.
• 13:28
  Speaker 2: Got new fridge in there.
• 13:29
  Speaker 1: They've got some.
• 13:38
  Speaker 2: some new plumbing, new HVAC, new water heater. So they've
• 13:42
  Speaker 2: done a good bit here lately. And, yeah, this listing
• 13:46
  Speaker 2: is courtesy of Ashley Stagg. So, Ashley, congratulations on your
• 13:49
  Speaker 2: new listing.
• 13:50
  Speaker 1: All right.
• 13:51
  Speaker 3: So right at 318, we're going to– John, I've done
• 13:54
  Speaker 3: something a little different this week. It's going to be 3.5% down.
• 13:56
  Speaker 3: We're going to say this one's going FHA, and we're
• 13:59
  Speaker 3: doing 3.5% down. You want me to do math.
• 14:01
  Speaker 1: With that, 3.5%? Hey, I mean, y'all are the pros. Okay.
• 14:08
  Speaker 1: You can probably round and get close.
• 14:10
  Speaker 2: Okay.
• 14:11
  Speaker 1: I'm going to round it up to five.
• 14:12
  Speaker 2: That works.
• 14:14
  Speaker 1: How about 19? I feel like a year here.
• 14:19
  Speaker 2: How about 1940? 1940.
• 14:19
  Speaker 3: Okie dokie.
• 14:19
  Speaker 1: I'm just going to say two grand. $ 2, 000. Gusty went
• 14:34
  Speaker 1: the wrong way. It was $ 18.
• 14:35
  Speaker 2: 89.
• 14:35
  Speaker 1: We have a tie. Uh-oh.
• 14:39
  Speaker 2: Uh-oh.
• 14:41
  Speaker 1: Look out. I need more of those random percentage things.
• 14:44
  Speaker 1: I'm telling you.
• 14:45
  Speaker 2: Man, look at you.
• 14:46
  Speaker 1: Watch out. What are we going to do here?
• 14:48
  Speaker 3: I don't know.
• 14:48
  Speaker 1: Well, we're going to go. What are we going to do?
• 14:50
  Speaker 3: We're going to do the same property at $ 318, 000.
• 14:52
  Speaker 1: $ 318, 000. We're going to do 10% down.
• 14:53
  Speaker 2: 10%. Oh, boy.
• 14:53
  Speaker 1: I feel it. And it's a 15-year amortization. 15-year AM, fellas.
• 15:04
  Speaker 1: 10% down. To Gusty. To Gusty. Okay. We're putting more down. Yep, yep. Okay.
• 15:25
  Speaker 2: 2,500.
• 15:25
  Speaker 1: I think that's probably a little.
• 15:32
  Speaker 1: Oh, well, $ 2, 500. I'm going to say $ 2, 800. It was
• 15:36
  Speaker 1: actually $ 2, 453.
• 15:37
  Speaker 3: Gusty's got it dialed in on this one.
• 15:41
  Speaker 1: Gusty pulls it out in overtime. Thank goodness.
• 15:47
  Speaker 2: Thank goodness.
• 15:49
  Speaker 1: Can't live with that. A lot riding on this one? Yeah,
• 15:52
  Speaker 1: I rode it. Both Couchy and Polymarket. That's right, yeah.
• 15:56
  Speaker 2: Actually, how funny would that be if there was actually odds? Yeah.
• 16:00
  Speaker 1: Augusta or John. There may be. We don't even know.
• 16:03
  Speaker 2: I've never checked it. Hey, we've got some VIP buyers
• 16:07
  Speaker 2: that are looking for some properties. I've got somebody looking
• 16:10
  Speaker 2: in the Crestwood, Forest Park, Avondale area, looking for a
• 16:13
  Speaker 2: single level up to $ 600, 000.
• 16:15
  Speaker 1: Could be a condo as well.
• 16:16
  Speaker 2: I've got somebody looking in Shelby County. They want a
• 16:19
  Speaker 2: single level with a personal pool up to $ 350, 000. I've
• 16:23
  Speaker 2: got somebody looking in Homewood, four bedrooms and up to $ 1, 000, 000.
• 16:27
  Speaker 2: I've got somebody that's also looking for a 4-3, but
• 16:30
  Speaker 2: they are open to the areas. Homewood, Vestavia, Hoover, or
• 16:35
  Speaker 2: a highway 280 area. So it could be like Greystone,
• 16:39
  Speaker 2: Highland Lakes, or even Indian Springs. And then anything in
• 16:44
  Speaker 2: Edgewood School District. So that's been pretty popular.
• 16:47
  Speaker 3: Yep, yep.
• 16:48
  Speaker 2: And then also I've got somebody looking up to 500
• 16:50
  Speaker 2: in Springville. So if you've got a home that matches
• 16:54
  Speaker 2: that criteria... You can go to gustygoulasgroup.com or you can
• 16:58
  Speaker 2: call or text 205-542-1996.
• 17:01
  Speaker 1: Hey, guess what time it is? That's right. It's testimonial time.
• 17:09
  Speaker 1: All right.
• 17:10
  Speaker 2: This one is from Darius. Darius said, Kyle Bedgood was
• 17:14
  Speaker 2: a great person from start to finish. We started off
• 17:17
  Speaker 2: with an eight hour time difference, but that didn't stop
• 17:20
  Speaker 2: him from making the time to communicate properly. I'm satisfied
• 17:24
  Speaker 2: that I chose him for purchasing my first property. 10
• 17:27
  Speaker 2: out of 10, I would recommend him to anyone. So Darius,
• 17:32
  Speaker 2: congratulations on your new home and Kyle, congratulations on.
• 17:36
  Speaker 1: Another five-star review. Or a ten-star.
• 17:41
  Speaker 2: Yeah, yeah.
• 17:41
  Speaker 1: Ten out of ten stars. Ten out of ten.
• 17:44
  Speaker 2: And then Bianca said, Riley was the best. He was
• 17:47
  Speaker 2: so patient and helpful throughout this process. He always kept
• 17:50
  Speaker 2: us motivated and assured we would find the perfect home
• 17:53
  Speaker 2: for our family, and we did just that. Thank you
• 17:56
  Speaker 2: so much for everything, Riley. So, Bianca, congratulations on your
• 18:00
  Speaker 2: first home. And, Riley, congratulations on.
• 18:03
  Speaker 1: Another five-star review.
• 18:06
  Speaker 2: We like them five stars, baby.
• 18:09
  Speaker 1: Yeah, buddy.
• 18:09
  Speaker 2: All right.
• 18:11
  Speaker 1: We're going to break. Y'all stay tuned.
• 18:12
  Speaker 2: We're going to talk about what we see in updates-wise
• 18:15
  Speaker 2: in the mortgage world and the real estate market right
• 18:18
  Speaker 2: here on Ball Bart and Sold.
• 18:19
  Speaker 1: Stay tuned.
• 18:22
  Speaker 2: All right. Welcome back to Ball Bart and Sold. It's
• 18:26
  Speaker 2: been a busy week for us. And lots of closings.
• 18:30
  Speaker 2: Lots of closings. Had a couple of closings on Friday.
• 18:33
  Speaker 1: Love closings. Yeah, buddy. Got one of my flips sold. Yeah, buddy.
• 18:40
  Speaker 1: Got that. That's cool. Like that.
• 18:42
  Speaker 2: But, you know, in our world, I think I ask
• 18:47
  Speaker 2: you each and every week, hey, have we seen any
• 18:48
  Speaker 2: progress on rates being lowered? And, you know, I haven't
• 18:53
  Speaker 2: really gotten much positive news here lately, so I'm hoping
• 18:56
  Speaker 2: maybe is this week Are we going to get some
• 18:59
  Speaker 2: lower rates?
• 19:02
  Speaker 3: Hmm.
• 19:02
  Speaker 2: Brad Smith, bradsmithloans.com, cross-country mortgage.
• 19:06
  Speaker 3: Well, with that intro, boy, I would like to have
• 19:09
  Speaker 3: better information. I really would like to be more positive.
• 19:12
  Speaker 1: Come on. It's just done nothing. It's just sitting there.
• 19:18
  Speaker 1: I mean, even one of the.
• 19:20
  Speaker 3: If you just read back through it, it's like, are
• 19:23
  Speaker 3: rates lower today than yesterday? It's like, well, it depends
• 19:25
  Speaker 3: on when you look. You know, I mean, that's that's
• 19:27
  Speaker 3: that's how nitpicky we're getting. Like there's a little time there,
• 19:30
  Speaker 3: like on Thursday, the rates got a little better than
• 19:33
  Speaker 3: their overnight. They got a little worse, but then they
• 19:35
  Speaker 3: were better than they opened the day before. So we're
• 19:39
  Speaker 3: still sitting somewhere close to that six point seven five
• 19:42
  Speaker 3: ish range on a 30 year average loan on the
• 19:47
  Speaker 3: rate You know, there wasn't a huge week of any
• 19:52
  Speaker 3: technical data to move anything. Warsh has some comments as
• 19:56
  Speaker 3: he's getting to Jackson Hole for their summit meeting or
• 19:58
  Speaker 3: whatever that whole deal is. So, you know, we'll get
• 20:01
  Speaker 3: some information out of that over the next couple of
• 20:03
  Speaker 3: days and probably get more information out of that early
• 20:07
  Speaker 3: in the week of what all kind of went down
• 20:08
  Speaker 3: over the weekend and stuff. You know, Warsh could say
• 20:11
  Speaker 3: something that could trigger something over the weekend or whatever else.
• 20:15
  Speaker 3: But for the most part, there just wasn't a lot
• 20:18
  Speaker 3: of anything to move the bond market either way this
• 20:21
  Speaker 3: past week, which is kind of what the mortgage-backed securities
• 20:24
  Speaker 3: bounce off of. And the rates really just didn't do
• 20:27
  Speaker 3: much of anything.
• 20:30
  Speaker 1: Come on, rates.
• 20:31
  Speaker 2: Let's get lower.
• 20:32
  Speaker 1: You can do this. I mean, I believe in you.
• 20:35
  Speaker 3: I saw something where they were like the news. One
• 20:38
  Speaker 3: of the articles and something I was reading this week
• 20:39
  Speaker 3: was like, hey, you know, now it's looking now that
• 20:42
  Speaker 3: we've got some decent numbers to make sure we don't
• 20:45
  Speaker 3: have any rate hikes this year. And I went, rate hikes?
• 20:49
  Speaker 3: And so at some point they were kind of predicting
• 20:51
  Speaker 3: we may still see two rate hikes by the end
• 20:53
  Speaker 3: of the year. So now that's kind of going away
• 20:56
  Speaker 3: and said, okay, well, maybe that was a little bit of.
• 20:59
  Speaker 3: The thing is, Warsh is coming in and changing a
• 21:01
  Speaker 3: lot of the stuff I've been complaining about, how the
• 21:03
  Speaker 3: numbers are doing and the factors. He's come in and
• 21:06
  Speaker 3: he is changing some of those things and those models,
• 21:08
  Speaker 3: which is a good thing.
• 21:09
  Speaker 1: But people don't know how to... What's it mean yet?
• 21:12
  Speaker 3: So then you've got to go backwards and re-pull data
• 21:15
  Speaker 3: and get those numbers and see how it's tracking. And
• 21:18
  Speaker 3: then we've got all the other things going on between
• 21:22
  Speaker 3: the war in Iran... that driving fuel cost and all
• 21:26
  Speaker 3: those things that factor into it, just cash in general
• 21:29
  Speaker 3: that's getting soaked up. I mean, it's just a lot
• 21:33
  Speaker 3: of moving parts, and who knows where it's going at
• 21:36
  Speaker 3: this point. I mean, it's really just going to depend
• 21:42
  Speaker 3: on kind of what they end up deciding. Inflation and
• 21:46
  Speaker 3: employment are going to be the two things on how
• 21:48
  Speaker 3: they drill down how to factor those numbers the way
• 21:51
  Speaker 3: they want to and get the information they need. and
• 21:53
  Speaker 3: then how they're going to implement that. And then when
• 21:56
  Speaker 3: we've still got trailing data of inflation because of hiked
• 21:59
  Speaker 3: fuel prices, which is products go up because fuel goes
• 22:01
  Speaker 3: into everything, and you start going backwards, I mean, there's
• 22:06
  Speaker 3: a lot of different things that are holding it steady
• 22:09
  Speaker 3: just because nobody really knows where we're going and what
• 22:12
  Speaker 3: numbers we're even going off of, essentially.
• 22:15
  Speaker 2: Well, I would say we have not been as busy yet. Mm-hmm.
• 22:21
  Speaker 2: As we have been in months past. And I was
• 22:24
  Speaker 2: hoping we'd be a little bit busier right now. But,
• 22:26
  Speaker 2: I mean, we're still negotiating offers on different deals. I mean, like,
• 22:29
  Speaker 2: there's always people. Like, yesterday I was out with some
• 22:33
  Speaker 2: folks that are relocating here from Atlanta looking at houses.
• 22:36
  Speaker 2: And so there's a little bit of that. Yep. You know, relocation,
• 22:40
  Speaker 2: people getting married, people, you know, having a baby. So
• 22:44
  Speaker 2: there's always those reasons why people buy or sell a home. Mm-hmm.
• 22:48
  Speaker 2: And so, you know, and luckily for some reason, thank goodness,
• 22:53
  Speaker 2: AI is sending them to us. And so not only
• 22:56
  Speaker 2: when you work with our team that knows how to
• 22:59
  Speaker 2: market properties, get them sold, but we are, you know,
• 23:02
  Speaker 2: into the AI stuff and we're getting business that way,
• 23:06
  Speaker 2: which is fantastic. We're getting clients, you know, saying, hey,
• 23:10
  Speaker 2: we've done all of our research and every way we
• 23:13
  Speaker 2: have researched this, It says, you're the team, you're the guy.
• 23:18
  Speaker 1: That's pretty cool.
• 23:19
  Speaker 3: I know we're wrapping up, but it is crazy. This
• 23:21
  Speaker 3: is our last show in August. So we're in September.
• 23:24
  Speaker 1: We're moving along.
• 23:25
  Speaker 3: We're in September. So we're one month from fourth quarter.
• 23:29
  Speaker 3: And we are rolling through this thing.
• 23:31
  Speaker 2: For sure.
• 23:32
  Speaker 1: It is what it is. All right.
• 23:33
  Speaker 2: To get pre-qualified, go to bradsmithloans.com or to buy or
• 23:37
  Speaker 2: sell a house or an investment property. Go to gustygoulasgroup.com.
• 23:42
  Speaker 2: Do it. You can go or you can call or
• 23:46
  Speaker 2: text 205-542-1996. We'd love to work with you. Thanks so
• 23:50
  Speaker 2: much for joining us. Catch you next time.