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School's starting back this week, are you in the right district? · Bought Borrowed and Sold

• 0:00
  Speaker 1: Hello, and welcome to Bob bart and sold and hoping
• 0:04
  Speaker 1: you are having a great morning. Thanks for joining us
• 0:08
  Speaker 1: in the studio. As always, we got Brad Smith from
• 0:10
  Speaker 1: Cross Country Mortgage bradsmithlans dot com.
• 0:15
  Speaker 2: What's up, Brad?
• 0:15
  Speaker 1: How are you? Man?
• 0:16
  Speaker 2: I am fantastic. How are you?
• 0:19
  Speaker 1: We are both in the middle of kids football right
• 0:23
  Speaker 1: now a lot and the thing I did not this
• 0:25
  Speaker 1: is our first year at tackle football, Brad. And yes
• 0:29
  Speaker 1: this is a real estate show, but we also want
• 0:31
  Speaker 1: to share like our lives right like what we have
• 0:36
  Speaker 1: going on, because we want y'all to get to know us. Yep,
• 0:40
  Speaker 1: so that you know, when you give us a shout,
• 0:42
  Speaker 1: like you feel like you know, and we all.
• 0:44
  Speaker 2: Got more stuff going on than than real estate and mortgages,
• 0:47
  Speaker 2: you know. So you know, you can't you can't not
• 0:49
  Speaker 2: touch on some of the others, that's right.
• 0:51
  Speaker 1: So I did not realize like how much practices we're
• 0:54
  Speaker 1: involved in tackle football.
• 0:56
  Speaker 2: You know. Yeah, And then so I get that too
• 0:59
  Speaker 2: from like a lot of the first year folks. At first,
• 1:01
  Speaker 2: you know just kind of like, you know, wow, that's
• 1:03
  Speaker 2: a lot of practice, and then you know a lot
• 1:04
  Speaker 2: of what happens is that you know, they come out
• 1:06
  Speaker 2: and watch some of it and realize you all got
• 1:09
  Speaker 2: a lot to do.
• 1:10
  Speaker 1: Yeah, there's no question it's needed, but it's a lot.
• 1:14
  Speaker 1: I just don't think I was prepared for that.
• 1:16
  Speaker 2: No, it's a lot.
• 1:16
  Speaker 1: I'm like, I might as well make my mobile office.
• 1:19
  Speaker 1: Like I understand why, like some why people park the
• 1:23
  Speaker 1: way they do because they're on their laptops working while
• 1:27
  Speaker 1: the practice is going on. And I feel like I'm
• 1:29
  Speaker 1: going to have to start doing that. I'm like, I
• 1:31
  Speaker 1: got through like the first week and I was like,
• 1:33
  Speaker 1: all right, well I'm standing here, and then like you know,
• 1:36
  Speaker 1: this week, this has been the second week, and I
• 1:39
  Speaker 1: like started sitting down and like, my back's hurting. I'm like,
• 1:42
  Speaker 1: I didn't even do anything, Like my back's hurting.
• 1:44
  Speaker 2: Those aluminum benches are tough.
• 1:46
  Speaker 1: So I'm like, maybe I just need to like get
• 1:48
  Speaker 1: their hair early and and then I can watch it
• 1:52
  Speaker 1: from the truck and set up. Yeah. Yeah, I don't know.
• 1:56
  Speaker 1: I've got to figure it out. Yeah, but anyways, but
• 1:59
  Speaker 1: but Tripp is kind of looks like he's gonna end
• 2:01
  Speaker 1: up being like a right guard or some sort of
• 2:03
  Speaker 1: like defensive tackle.
• 2:05
  Speaker 2: He's getting after it.
• 2:06
  Speaker 1: So and and this is actually what I was telling
• 2:09
  Speaker 1: you on break. One of our mutual friends came up
• 2:12
  Speaker 1: to me this past week and was like, Trip did
• 2:16
  Speaker 1: such a good job today. He's like, he was great, intensity,
• 2:21
  Speaker 1: great listening. And then he goes, evidently he had catfish
• 2:25
  Speaker 1: for lunch today, and you need to feed him catfish
• 2:28
  Speaker 1: every day. So he had gone to the like my
• 2:31
  Speaker 1: my in laws had taken him to the Paw Paul
• 2:33
  Speaker 1: Patch in Homewood, and he he had catfish. We've ate
• 2:40
  Speaker 1: there before and had catfish, and and evidently Brad was like, hey, man.
• 2:48
  Speaker 2: Like he did so good, Like just keep feeding him
• 2:51
  Speaker 2: back the catfish, keep the catfish. Yeah, it is is.
• 2:56
  Speaker 1: It was nice to get like, you know, because he
• 2:59
  Speaker 1: specifically came over to me to tell me, like, how
• 3:03
  Speaker 1: great of a job that Trip did at practice, which
• 3:06
  Speaker 1: was always nice because like, I obviously love my kid,
• 3:09
  Speaker 1: but my gosh, he's got adhd out the wazoo, and
• 3:12
  Speaker 1: like there are days like he's on medicine and there
• 3:15
  Speaker 1: are days that I mean, he for cocoa puffs.
• 3:20
  Speaker 3: So I'll tell you.
• 3:21
  Speaker 2: So we've got some kids on a so so guess
• 3:23
  Speaker 2: you'll tell you y'all hit So his son's on the
• 3:24
  Speaker 2: fourth grade, so and I coached fifth grade and my
• 3:27
  Speaker 2: son's on nets. Like, but we've got a couple of
• 3:29
  Speaker 2: kids like that too that have, like you know, have
• 3:31
  Speaker 2: had play other sports, have been good at other sports
• 3:34
  Speaker 2: and stuff that like. But whatever whatever reason they had,
• 3:36
  Speaker 2: they had some ADHD stuff and everything else, but whatever
• 3:38
  Speaker 2: it is, when they got into football or tackle, everything
• 3:41
  Speaker 2: just kind of clicked and they just kind of locked
• 3:43
  Speaker 2: into it. And I mean it's amazing how what all
• 3:47
  Speaker 2: it does for some of the kids, you know, as
• 3:48
  Speaker 2: far as just self esteem and just getting them just
• 3:51
  Speaker 2: and the maturity. I mean, that's the thing. You'll start
• 3:53
  Speaker 2: they start mature in front of your eyes a little
• 3:55
  Speaker 2: more with the tackle too, and you start going like,
• 3:56
  Speaker 2: I got this. He's becoming like a little teenager adult
• 3:59
  Speaker 2: right in at me. So it's fun though, it's interesting,
• 4:02
  Speaker 2: but it's it's cool to see the kids kind of
• 4:04
  Speaker 2: figure it out and react to it.
• 4:06
  Speaker 1: Yeah, yeah, totally so. But yeah, so so that's that's
• 4:12
  Speaker 1: kind of what we do during the week. And then
• 4:13
  Speaker 1: you know, somehow we sell real estate amongst ones. And
• 4:18
  Speaker 1: by the way, thank goodness, school starts this week. Oh gosh, sim.
• 4:21
  Speaker 2: G, thank you, thank you. The twelfth.
• 4:24
  Speaker 1: I'm so excited. You know, there's there's a lot of
• 4:29
  Speaker 1: sleepless nights. It seems like, I mean a lot of
• 4:31
  Speaker 1: times I'm up till ten ten thirty. Shoot, that happened
• 4:36
  Speaker 1: very often. Because I'm a very early morning person. I
• 4:39
  Speaker 1: would rather get up at four am and do work
• 4:42
  Speaker 1: then stay up till ten o'clock and do work. I
• 4:45
  Speaker 1: just my my energy is in the morning time. And
• 4:48
  Speaker 1: but there's been a couple of days this week that
• 4:50
  Speaker 1: I was burning the men of night oil. Yeah, and
• 4:55
  Speaker 1: so anyways, I feel like we're about to get about
• 4:58
  Speaker 1: to get back into our routine about it, ready to
• 5:00
  Speaker 1: rock and roll.
• 5:01
  Speaker 2: Sounds like you were probably out at practice field from
• 5:03
  Speaker 2: like five thirty to eight or something, so then you
• 5:05
  Speaker 2: had to burn the midnight oil afterwards.
• 5:07
  Speaker 1: It did feel that way what happened. Yes, So anyways, Hey,
• 5:11
  Speaker 1: we got some open houses today, we got a couple
• 5:13
  Speaker 1: of new listings. So I think, hey, let's let's uh,
• 5:17
  Speaker 1: let's talk about what we've got coming or what we've
• 5:20
  Speaker 1: got going on, and we're going to do our uh
• 5:23
  Speaker 1: our game, and Brad will tell us the rules of
• 5:26
  Speaker 1: the game, and then on our next segment we'll talk
• 5:28
  Speaker 1: about what we're seeing in the real estate market. So yeah,
• 5:31
  Speaker 1: so all right, Brad, let us know, yep.
• 5:33
  Speaker 2: Gus, he's gonna go through some of the new listings
• 5:35
  Speaker 2: or open houses they have the day. He's gonna give
• 5:36
  Speaker 2: some of the cool key features of each property. But
• 5:39
  Speaker 2: then he's gonna give us what we need, and that
• 5:40
  Speaker 2: is the list price of the home, the potential purchase price.
• 5:43
  Speaker 2: I'm gonna give a down payment that somebody may make
• 5:45
  Speaker 2: on that, and then Gusty and John are going to
• 5:47
  Speaker 2: take turns of guessing the thirty year fixed monthly Princeville
• 5:51
  Speaker 2: is only payment. So thirty year fixed monthly payment. Let's
• 5:55
  Speaker 2: get it on.
• 5:56
  Speaker 1: Let's get it on. All right. Hey, so these are
• 5:59
  Speaker 1: not brand new listings, but we've got them held open
• 6:02
  Speaker 1: this uh, this afternoon, So I want to go ahead
• 6:05
  Speaker 1: and talk about these u because we we had some
• 6:07
  Speaker 1: open houses yesterday too, so obviously it doesn't make sense
• 6:10
  Speaker 1: to talk about them since they were yesterday. But hey,
• 6:13
  Speaker 1: we've got open this afternoon from two to four. We
• 6:16
  Speaker 1: have five oh six Polo Way that is in Chelsea.
• 6:21
  Speaker 1: It's in the Polo Crossings neighborhood. This is a excuse me,
• 6:25
  Speaker 1: four bedroom, two and a half bath town home with
• 6:28
  Speaker 1: a two car garage. Built in twenty twenty four. It's
• 6:31
  Speaker 1: twenty one hundred and eighty four square feet and we
• 6:34
  Speaker 1: are asking two ninety three nine. And this listing is
• 6:37
  Speaker 1: courtesy of Garrett Messer on the team. So Garrett, congratulations
• 6:40
  Speaker 1: on your listing. Go see Garrett this afternoon from two
• 6:43
  Speaker 1: to four in Chelsea Polo Crossings.
• 6:45
  Speaker 2: Two ninety four, ninety four. Let's say two ninety four,
• 6:50
  Speaker 2: two ninety four for the game, all right, so ten
• 6:52
  Speaker 2: percent down, ten percent down, Gusty, you get to go first.
• 6:57
  Speaker 1: Okay, I'm gonna go with sixteen sixty one.
• 7:17
  Speaker 3: I'm feeling more like fifteen fifty.
• 7:21
  Speaker 2: I'm feeling more like seventeen sixteen. Punt, Bama, Punt, seventeen sixteen,
• 7:28
  Speaker 2: seventeen sixteen. Oh my, the actual payment, Augusty gets round one.
• 7:33
  Speaker 1: Wow, Lo would you look at that?
• 7:35
  Speaker 2: Would you look at it?
• 7:36
  Speaker 3: All right?
• 7:37
  Speaker 1: Our next open house this afternoon is in the Penson
• 7:41
  Speaker 1: area in the clay Chalukville School District. It sits on
• 7:44
  Speaker 1: one point eight eight acres. It's fifty eight oh seven
• 7:47
  Speaker 1: Wren Circle in Penson, built in nineteen eighty eight, features
• 7:51
  Speaker 1: three bedrooms in two baths, nineteen hundred and eighty two
• 7:54
  Speaker 1: square feet on the main level, another one hundred ninety
• 7:57
  Speaker 1: two square feet finished in the basement, and we are
• 8:00
  Speaker 1: asking three hundred thousand, three hundred thousand. This listing is
• 8:03
  Speaker 1: courtesy of Tony McDaniel. Tony, congratulations on your new listing.
• 8:08
  Speaker 2: Three hundred thousand, five percent down, five percent down to John.
• 8:14
  Speaker 4: So pretty close to the last one, but less down.
• 8:17
  Speaker 4: So I'm gonna say a little higher. So let's go.
• 8:21
  Speaker 3: Nineteen fifty five.
• 8:24
  Speaker 2: Nineteen fifty five for John.
• 8:27
  Speaker 1: All right, how much down?
• 8:29
  Speaker 2: Five?
• 8:29
  Speaker 1: Five five percent? Okay, all right, I'm gonna go with
• 8:45
  Speaker 1: eighteen forty one.
• 8:49
  Speaker 2: The actual payment was eighteen forty eight. Gusty gets around two.
• 8:58
  Speaker 2: Thought he might be all the number for a second.
• 9:03
  Speaker 1: All right, Hey, we've got one coming up in the
• 9:04
  Speaker 1: East Lake area. Uh, this one. It could be for
• 9:08
  Speaker 1: first time home buyer, could be for an investor. Excellent
• 9:12
  Speaker 1: opportunity at eighty two to twenty nine ninth Avenue South.
• 9:16
  Speaker 1: This one is three bedrooms and one bath, almost one
• 9:18
  Speaker 1: thousand square feet, built in nineteen fifty one, and we're
• 9:21
  Speaker 1: asking sixty five thousand for it. Sixty five thousand, all right,
• 9:26
  Speaker 1: not bad? For a potential investment.
• 9:29
  Speaker 2: Not at all sixty five thousand. Uh, we're gonna go
• 9:32
  Speaker 2: with ten percent down, ten percent.
• 9:35
  Speaker 1: Down, Okay, back to me, back to gusty, ten percent down,
• 9:41
  Speaker 1: white picket fence house dirt.
• 9:48
  Speaker 2: I've still never heard that song in its entirety. Really,
• 9:51
  Speaker 2: you need to pull it up. I know, I'd say
• 9:52
  Speaker 2: I'm gonna do it like every week we're here now
• 9:54
  Speaker 2: the main part.
• 9:55
  Speaker 3: Of the song, like we're just pay about the percent out.
• 9:59
  Speaker 1: Let's go with the oh Man for sixty one for
• 10:06
  Speaker 1: only the ones today.
• 10:07
  Speaker 4: For some reason, this feels the price. It is like
• 10:11
  Speaker 4: a nice car. Actually in this day it's just even
• 10:14
  Speaker 4: a not nice car. But you don't normally finance your
• 10:16
  Speaker 4: car for thirty years. Yeah, uh, gonna.
• 10:21
  Speaker 2: Go five hundred, five hundred. The actual payment was only
• 10:27
  Speaker 2: three seventy nine. Three seventy nine. WHOA what a deal?
• 10:32
  Speaker 3: Whoa pick up two?
• 10:34
  Speaker 2: Pick up two? Man? Who got it on? You did?
• 10:38
  Speaker 1: What did you say?
• 10:40
  Speaker 2: Five fifty? He went out?
• 10:42
  Speaker 1: All right, Hey, we got a new listing in the
• 10:44
  Speaker 1: McCullough area. It's in the Owen Park neighborhood. This is
• 10:48
  Speaker 1: a three bedroom, two bath, single level garden home built
• 10:52
  Speaker 1: in twenty and ten seventeen hundred and fifteen square feet.
• 10:56
  Speaker 1: It's located at seventy two sixty nine Owen Park Circle
• 11:00
  Speaker 1: in mccallough, Tuscaloosa County, and we are asking two hundred
• 11:05
  Speaker 1: and seventy thousand dollars for it. Uh. This listing is
• 11:08
  Speaker 1: courtesy of Cayle Bedgoods. So, Kyle, congratulations on your new listing.
• 11:12
  Speaker 2: All right, two hundred seventy thousand. John, We're gonna do
• 11:15
  Speaker 2: twenty percent down, twenty percent down.
• 11:19
  Speaker 3: Uh okay, I'm gonna say.
• 11:22
  Speaker 2: Fourteen fifty fourteen fifty for John? How much down again?
• 11:30
  Speaker 3: Twenty percent?
• 11:32
  Speaker 2: Oh my god, two hundred percent down and like it?
• 11:39
  Speaker 3: Repay you?
• 11:41
  Speaker 1: All right? Mmm, I'm gonna go with.
• 11:50
  Speaker 3: What did he say?
• 11:51
  Speaker 2: Fourteen fifty?
• 11:52
  Speaker 3: I would not base anything on what I'm saying today.
• 11:55
  Speaker 2: I think he's in the ballpark. I'll do fourteen eleven.
• 12:00
  Speaker 2: It was actually fourteen oh one if Gusty had just
• 12:04
  Speaker 2: used one one, added a one. Yeah, all right, Gusty
• 12:10
  Speaker 2: gets it good, good on both. But Gusty is four
• 12:13
  Speaker 2: in o right now.
• 12:14
  Speaker 1: Yeah, there you go.
• 12:16
  Speaker 3: Hey.
• 12:17
  Speaker 1: New listing in Vestavia thirty two seventeen Wisteria Drive four bedrooms,
• 12:22
  Speaker 1: three baths, built in nineteen sixty eight, it sits on
• 12:25
  Speaker 1: a third of an acre lot. We are asking four
• 12:28
  Speaker 1: hundred and seventy five thousand. It's got an updated kitchen,
• 12:31
  Speaker 1: it's got updated bathrooms, it's got a basement den, it's
• 12:34
  Speaker 1: got a two car garage. And we also had them
• 12:37
  Speaker 1: redo the retaining wall in the back so it's got
• 12:40
  Speaker 1: just a beautiful crisp concrete block, you know, clean clean
• 12:47
  Speaker 1: in the backyard. And while they were doing that, they
• 12:50
  Speaker 1: even kind of cleaned up some of the backyard and
• 12:52
  Speaker 1: give you a little bit more uh you know space
• 12:54
  Speaker 1: back there. So yeah, four to seventy five. This listening
• 12:57
  Speaker 1: is courtesy of Carla Diliberto Carla, congradulations on your new listing.
• 13:01
  Speaker 2: All right, four seventy five. We're gonna do five percent down,
• 13:05
  Speaker 2: five percent down, back to gusty.
• 13:08
  Speaker 1: Okay, this for the clean sweep.
• 13:12
  Speaker 2: Clean sweep, John, don't let it happen. Don't let it happen.
• 13:17
  Speaker 3: I'll do what I can. But you know how much down?
• 13:22
  Speaker 1: Five three thousand and one dollar, three thousand and one
• 13:29
  Speaker 1: one dollar one. I told you I'm staying with the
• 13:32
  Speaker 1: ones today.
• 13:34
  Speaker 2: Fine, they've been working fine for you three thousand and
• 13:37
  Speaker 2: two dollars two thousand nine six dollars one the other way.
• 13:46
  Speaker 2: I love it.
• 13:47
  Speaker 3: I see what he did that I like. I still
• 13:51
  Speaker 3: stop him.
• 13:52
  Speaker 2: It's unstoppable, unstoppable. Alright, Well that's it. I was dolled
• 13:56
  Speaker 2: in today.
• 13:57
  Speaker 1: Hey, we've got one coming up in the Chill area
• 14:00
  Speaker 1: in Hunter Hills neighborhood for three twenty five. And I've
• 14:04
  Speaker 1: also got we've got an investor that's going to be
• 14:06
  Speaker 1: starting to sell some of their properties over the next
• 14:08
  Speaker 1: couple of years. So I've got properties that are gonna
• 14:11
  Speaker 1: be coming up throughout Birmingham Penson. Uh. And so if
• 14:16
  Speaker 1: you're an investor looking at growing your rental portfolio, you
• 14:20
  Speaker 1: definitely want to give us a call. There could be
• 14:22
  Speaker 1: some really good opportunities for you. You go to two
• 14:25
  Speaker 1: five five four two nineteen ninety six, you can call
• 14:28
  Speaker 1: or text that number, and then obviously you can go
• 14:30
  Speaker 1: directly to Gustygoulisgroup dot com. We've got we've got some
• 14:35
  Speaker 1: VIP buyer needs. I've got somebody looking a four bedroom
• 14:40
  Speaker 1: up to two hundred and thirty thousand. They are looking
• 14:43
  Speaker 1: in the Jefferson County area. We've got somebody else that's
• 14:46
  Speaker 1: looking for a four bedroom up to two hundred and
• 14:49
  Speaker 1: fifty thousand, and they are also looking in the Jefferson
• 14:52
  Speaker 1: County area. I've got somebody that is looking in Edgewood.
• 14:57
  Speaker 1: I've got somebody that's looking in Greystone. I've got somebody
• 15:00
  Speaker 1: that's looking in Eagle Point. I've got somebody that is
• 15:04
  Speaker 1: looking in the off of Old Rocky Ridge Road. So
• 15:09
  Speaker 1: we've got a couple of different things that people are
• 15:11
  Speaker 1: looking for. If if you have a home that you're
• 15:13
  Speaker 1: considering selling, uh, there might be somebody we can match
• 15:17
  Speaker 1: off market. So again go to two five five four
• 15:20
  Speaker 1: two nineteen ninety six, or go to Gustygoulisgroup dot com.
• 15:23
  Speaker 3: Hey guess what tab it is.
• 15:26
  Speaker 2: That's right, it's just Amonial time. All right.
• 15:30
  Speaker 1: We got two reviews today that we're going to talk about,
• 15:34
  Speaker 1: and this one is from John. I would recommend Garrett
• 15:37
  Speaker 1: to anybody extremely responsive, has a great knowledge of the
• 15:41
  Speaker 1: local market and help me narrow down the best house
• 15:44
  Speaker 1: for me. Garrett helped me find a house right as
• 15:47
  Speaker 1: it came on the market and did an excellent job negotiating.
• 15:50
  Speaker 1: Ask for Garrett with a Gusty Goulis Group. If you're
• 15:52
  Speaker 1: looking for a home. So, John, thank you so much
• 15:55
  Speaker 1: for the opportunity to represent you on a home. And Garrett, congratulations.
• 15:59
  Speaker 2: One another five star review.
• 16:03
  Speaker 1: And last, but non least today is Oh, It's for me.
• 16:07
  Speaker 1: Morgan says Gusty was fantastic and the utmost professional. His
• 16:12
  Speaker 1: preparation for each his preparation for each and hard work
• 16:16
  Speaker 1: after gave us the confidence we needed to put in
• 16:19
  Speaker 1: the offer on our forever home. I can't say enough
• 16:22
  Speaker 1: nice things about his patients with us as we change
• 16:25
  Speaker 1: what we wanted more than a few times. He'll be
• 16:28
  Speaker 1: the first person we'll call if we ever go to
• 16:30
  Speaker 1: buy again. Some Morgan, thank you for the opportunity to
• 16:32
  Speaker 1: represent you on your new home.
• 16:34
  Speaker 2: And Gusty, congratulations on another five star review.
• 16:40
  Speaker 1: All right, I like them five star reviews. So I
• 16:43
  Speaker 1: saw a couple more come in this week. I guess
• 16:45
  Speaker 1: we'll talk about those next week. Yeah, all right, y'all,
• 16:47
  Speaker 1: stay tuned. Ball Burn and Soul will be right back.
• 16:54
  Speaker 1: All right, Welcome back to ball Burn and Sold. And
• 16:58
  Speaker 1: you know, each and every week we've got Brad Smith
• 17:00
  Speaker 1: with Cross Country Mortgage hanging out with us giving us
• 17:03
  Speaker 1: all the fun updates on the mortgage world. Interest rates,
• 17:09
  Speaker 1: and uh, you know a lot of times we ask, Hey,
• 17:12
  Speaker 1: any any positive news this week, and I'll tell you
• 17:16
  Speaker 1: here lately he hasn't really been sharing that, and I'm
• 17:19
  Speaker 1: I'm guessing, let me get the crystal ball out. I
• 17:23
  Speaker 1: don't think he's got good news again for us this week,
• 17:25
  Speaker 1: or do you, Brad.
• 17:27
  Speaker 2: It's better news? Oh yeah, so rates had rates rates
• 17:31
  Speaker 2: did come down a little bit this past week, so
• 17:32
  Speaker 2: we're we're back to like two week lows over the
• 17:35
  Speaker 2: lows in two in the last two weeks. So we
• 17:39
  Speaker 2: still don't got a long way to go, but but
• 17:41
  Speaker 2: we're short time, in a short time to get there.
• 17:44
  Speaker 2: So so we got is that your karaoke song? Not
• 17:50
  Speaker 2: normally normally it's footloose okay, so uh interesting, it's a
• 17:56
  Speaker 2: fun karaoke song. Yeah, I'd love to see you that.
• 18:00
  Speaker 2: Actually I don't drink anymore, so haven't done it a while. Yeah, yeah,
• 18:03
  Speaker 2: all right, So so anyways, but no, we're getting some
• 18:06
  Speaker 2: decent numbers. You know. July was kind of one of
• 18:10
  Speaker 2: those just weird months with different stuff with the war
• 18:13
  Speaker 2: going on, the oil prices, kind of some interesting things
• 18:16
  Speaker 2: on the FED meeting, so it god, some weird numbers
• 18:18
  Speaker 2: on inflation, and so we're been trying to kind of
• 18:21
  Speaker 2: get through all that minution. They're just what a lot
• 18:23
  Speaker 2: of trading in the bond market world and everything else.
• 18:25
  Speaker 2: So August has had a little bit more volume. It's
• 18:28
  Speaker 2: showing a little bit more picking up in that space,
• 18:30
  Speaker 2: and so the market and the bonds are kind of
• 18:33
  Speaker 2: rallying and helping there. So, you know, I don't want
• 18:35
  Speaker 2: out like we've had a ton of movement, but you know,
• 18:37
  Speaker 2: we've gotten up into a little bit of you know,
• 18:38
  Speaker 2: what i'd call the thirty year average above six point
• 18:41
  Speaker 2: eight last week in the last two weeks, and so
• 18:43
  Speaker 2: we're back at around six and three quarters at six
• 18:45
  Speaker 2: seven five. You know, we've got a jobs report that's
• 18:49
  Speaker 2: come out this past week that's came out on come
• 18:51
  Speaker 2: out on Friday, so they're still going to digest that.
• 18:53
  Speaker 2: So we'll see how the markets respond on Monday to that.
• 18:56
  Speaker 2: So we make you know, so I'm hoping we're gonna
• 18:58
  Speaker 2: start seeing some more normal movement with the markets and
• 19:02
  Speaker 2: hopefully start getting back down to where we think we
• 19:05
  Speaker 2: should be. So but but no, I mean, I mean,
• 19:07
  Speaker 2: we we stopped the bleeding and got back down some
• 19:10
  Speaker 2: so so it was a positive week.
• 19:13
  Speaker 1: It's nice to nice to hear that it's.
• 19:15
  Speaker 2: Got to turn. Your worm's got to turn one direction
• 19:17
  Speaker 2: at some point. So needed to come back down. You
• 19:20
  Speaker 2: needed to come back down. That's pretty much what I've
• 19:23
  Speaker 2: got right now. But it's at least more positive than
• 19:25
  Speaker 2: it has been.
• 19:26
  Speaker 1: Yeah, no doubt, no doubt. We need we need every
• 19:29
  Speaker 1: little bit of help that we can get.
• 19:30
  Speaker 2: But as you know, you sent something out earlier this week,
• 19:33
  Speaker 2: and the different something you know like you know it
• 19:36
  Speaker 2: it does it? Does it have some effect? Yes? Are
• 19:39
  Speaker 2: people still buying homes every day? Every day?
• 19:42
  Speaker 1: Last week at open houses we I had one in
• 19:45
  Speaker 1: Hoover and I think we had six or seven groups
• 19:49
  Speaker 1: that came through. And and then I think at at
• 19:53
  Speaker 1: our other open houses we had you know, still people
• 19:58
  Speaker 1: come through.
• 19:59
  Speaker 3: And so I'll tell you, like people are out there.
• 20:04
  Speaker 1: They might be a little bit more cautious to pull
• 20:07
  Speaker 1: the trigger on making it an offer, but I mean
• 20:10
  Speaker 1: there's still scenarios that multiple offers are happening. It really
• 20:15
  Speaker 1: does depend on how good a house is, what is
• 20:19
  Speaker 1: the conditioning, what is the market like in that neighborhood
• 20:23
  Speaker 1: or area, And you just got to think, like when
• 20:26
  Speaker 1: you start getting in those higher price ranges, there's going
• 20:28
  Speaker 1: to be less people that.
• 20:29
  Speaker 2: Just qualify for it, right, So.
• 20:33
  Speaker 1: You know, and so it's going to be very interesting
• 20:36
  Speaker 1: if we could get those rates like where we were
• 20:39
  Speaker 1: headed back in February at that just under six percent, man,
• 20:44
  Speaker 1: I feel like our market would would really move well.
• 20:47
  Speaker 2: And to your point on that, I one percent agree
• 20:50
  Speaker 2: because I feel like we kind of talked about the
• 20:51
  Speaker 2: people that have been on the fence, right, and I
• 20:53
  Speaker 2: do feel like January February even into last year kind
• 20:56
  Speaker 2: of planning kind of started getting one foot off the
• 20:59
  Speaker 2: fence and kind of in the other backyard, and then
• 21:01
  Speaker 2: and then someone went and just got off and went
• 21:03
  Speaker 2: ahead and got it and did it and are still
• 21:04
  Speaker 2: down that path and some of them kind of went
• 21:06
  Speaker 2: ahead and pulled that leg back up and beyond the fence
• 21:07
  Speaker 2: for a minute. So you know, we just need to
• 21:09
  Speaker 2: get those that were on the fence back off of
• 21:10
  Speaker 2: it completely, you know, And I just because I mean they,
• 21:13
  Speaker 2: I mean, and it's not a huge group. I mean again,
• 21:16
  Speaker 2: if you weren't one hundred percent in anyways, the rates
• 21:19
  Speaker 2: going up would push you back about being like, ah, well,
• 21:21
  Speaker 2: you know, we don't have to do anything this year,
• 21:23
  Speaker 2: you know that those conversations definitely happened, you know, And
• 21:27
  Speaker 2: then but then you got the other ones, like we're
• 21:28
  Speaker 2: buying something, we're moving, like we're getting another house whether
• 21:33
  Speaker 2: and that's that's always going to be the case. And
• 21:35
  Speaker 2: then you know again, you know, I hate when rates
• 21:39
  Speaker 2: are even in the conversation of of why you would
• 21:42
  Speaker 2: or wouldn't be buying a house, you know, especially when
• 21:45
  Speaker 2: like in reality, six point seventy five is a good
• 21:49
  Speaker 2: thirty year fixed interest rate. Yeah, you're borrowing money for
• 21:52
  Speaker 2: thirty years.
• 21:53
  Speaker 3: And so in O eight when I bought my house
• 21:55
  Speaker 3: was the six and a half.
• 21:56
  Speaker 2: Mine was seven a quarter twousand and seven. So I
• 21:59
  Speaker 2: mean again, I mean.
• 22:00
  Speaker 1: You know, and then somebody then some of the folks
• 22:02
  Speaker 1: I probably listened to this, they're like.
• 22:05
  Speaker 2: It was like thirteen fourteen, early eighties. So again, so
• 22:10
  Speaker 2: it's it's all relative, it is, you know, and and
• 22:13
  Speaker 2: and so yes, it's great for information purposes. It's cool
• 22:16
  Speaker 2: to know what the markets are doing, but you know,
• 22:18
  Speaker 2: don't let it be the reason you are aren't buying
• 22:20
  Speaker 2: a house.
• 22:21
  Speaker 1: Just like stock whare they kind of EBB and flow. Yeah,
• 22:24
  Speaker 1: rates EBB and flow.
• 22:25
  Speaker 2: And you know what happens at the end of all
• 22:27
  Speaker 2: of it, and more times than not ninety nine percent
• 22:29
  Speaker 2: of the time they still go up. Yep. Well, you know,
• 22:33
  Speaker 2: I mean the stocks eventually, more times than not go up.
• 22:37
  Speaker 2: The house eventually at some point usually we're going to
• 22:39
  Speaker 2: appreciate and go up. Ye. So, I mean you would
• 22:42
  Speaker 2: think most of the time nobody can guarantee either.
• 22:44
  Speaker 1: It does depend on condition, does it does it?
• 22:46
  Speaker 2: Does it? Can it can get worse? It does do so,
• 22:51
  Speaker 2: But I'm just saying, you know, just the rates shouldn't
• 22:54
  Speaker 2: be what's the dictator of what your decisions are necessarily.
• 22:58
  Speaker 1: You know. What's interesting is we have been I think
• 23:02
  Speaker 1: I mentioned last segment. We've got one investor that is
• 23:06
  Speaker 1: going to be selling a bunch of homes over the
• 23:08
  Speaker 1: next couple of years that we're working with, and they're
• 23:12
  Speaker 1: basically they've got rental houses and they've just decided to
• 23:16
  Speaker 1: go in a different direction. So basically they're going to be,
• 23:20
  Speaker 1: you know, as soon as as soon as the lease
• 23:21
  Speaker 1: is up, they're given notice moving in a different direction.
• 23:24
  Speaker 1: They're going to get it market ready, and so I
• 23:28
  Speaker 1: think we're going to start seeing them more of that
• 23:30
  Speaker 1: and I think a lot of that came from Trump
• 23:32
  Speaker 1: making a decision that large corporations can only own a
• 23:36
  Speaker 1: certain amount of houses. Right, Well, they've got a five
• 23:38
  Speaker 1: year period, it's my understanding to get to under a certain.
• 23:43
  Speaker 2: Amount of houses.
• 23:44
  Speaker 1: So I think we're going to start seeing a slow
• 23:47
  Speaker 1: trickle of some of those houses, which would be great
• 23:50
  Speaker 1: for our first time home buyers, no doubt. Thank you
• 23:52
  Speaker 1: so much again for joining us, Gustygoulisgroup dot com, Bradsmithlans
• 23:56
  Speaker 1: dot com. If we can help you on the real
• 23:57
  Speaker 1: estate of the mortgage side, thank you so much for
• 23:59
  Speaker 1: joining us.
• 24:00
  Speaker 3: Catch ya next, Tace