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Get Mom a house for Mother's Day! · Bought Borrowed and Sold

• 0:00
  Speaker 1: Welcome to ball Bard and sold and Happy Mother's Day
• 0:04
  Speaker 1: to all the mothers out there.
• 0:06
  Speaker 2: Yeah.
• 0:08
  Speaker 1: Yeah, excited about excited about today and hanging out with
• 0:14
  Speaker 1: my mom, my mother in law, my wife, you know,
• 0:17
  Speaker 1: the all the moms and we get a day off
• 0:19
  Speaker 1: from baseball.
• 0:20
  Speaker 2: Oh yeah, yeah, yeah we do. That's nice.
• 0:24
  Speaker 1: Brad Smith with Cross Country Mortgage joining us each and
• 0:28
  Speaker 1: every week.
• 0:30
  Speaker 2: How do you doing, man? And I'm doing pretty good. Yeah.
• 0:33
  Speaker 2: It's it's we're now in the heart of May.
• 0:35
  Speaker 1: We are.
• 0:36
  Speaker 2: It's Mother's Day. Yeah, school's getting out soon.
• 0:39
  Speaker 1: Isn't that crazy?
• 0:40
  Speaker 2: And it's it's I mean, we're in the full swing
• 0:43
  Speaker 2: of everything.
• 0:44
  Speaker 1: This year is like the school year.
• 0:48
  Speaker 2: This has been.
• 0:50
  Speaker 1: It's just a blur, it really is. We we have
• 0:56
  Speaker 1: it really is a blur. But I mean that's selling
• 1:00
  Speaker 1: season for us. I mean it ends up being like
• 1:03
  Speaker 1: you know, really, I think February again, it depends on
• 1:08
  Speaker 1: like how mild our winter is, but February through May
• 1:14
  Speaker 1: it is wide open, wide open. And I mean I start,
• 1:19
  Speaker 1: like I usually wake up at five point fifteen in
• 1:20
  Speaker 1: the morning. I've started waking up in the force because
• 1:24
  Speaker 1: of needing to get things done, but also like I'm
• 1:28
  Speaker 1: spending a lot of time at the baseball field, so
• 1:31
  Speaker 1: I'm having to stay up later and knock out a
• 1:33
  Speaker 1: few things. And so you know, it's it's just that season.
• 1:38
  Speaker 1: It's that season for us as real estate agents realtors,
• 1:42
  Speaker 1: and you know, ultimately, like you know, we I've got
• 1:46
  Speaker 1: you know, there's there's some places I've got people that
• 1:48
  Speaker 1: want to see houses at the same time. So I'm
• 1:51
  Speaker 1: like tagging in other agents to help me, you know,
• 1:54
  Speaker 1: because I've already committed to one place, but I've also
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  Speaker 1: like seven days a week i want to make sure
• 1:58
  Speaker 1: our clients are taking care of So I'm like tagging
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  Speaker 1: in other agents to show for me and all this stuff.
• 2:05
  Speaker 1: But you know, but I love, I like men. I
• 2:07
  Speaker 1: just enjoy being busy. Yeah, it's it's better than the
• 2:11
  Speaker 1: you know alternatives.
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  Speaker 2: Yeah, yeah, for sure, for sure. Yeah, I mean it's
• 2:15
  Speaker 2: it's definitely I mean starting to see more more more
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  Speaker 2: things picking up, and like I've had a couple of
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  Speaker 2: this this past week that were like, you know, buying
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  Speaker 2: second homes and so you know, it's one of those
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  Speaker 2: you know you kind of start looking around and start
• 2:27
  Speaker 2: thinking like what's affecting what, And then we got other folks.
• 2:29
  Speaker 2: It's like, hey, we're I'm stilling the money, so let's
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  Speaker 2: go get something.
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  Speaker 1: Now. Are they seeing better deals on those second homes?
• 2:35
  Speaker 1: Is you know, because I feel like, you know, in
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  Speaker 1: in markets that are changing, are you know, typically the
• 2:44
  Speaker 1: second homes are going to be the ones that are
• 2:45
  Speaker 1: typically the first ones that get sold.
• 2:47
  Speaker 2: Yeah, so they so yeah, so I think they so,
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  Speaker 2: Like one of them is getting a really good deal
• 2:51
  Speaker 2: on like a mountain house up near like kind of
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  Speaker 2: hell in Georgia, like in the in the mountains in Georgia,
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  Speaker 2: and then the other one is is down at the beach.
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  Speaker 2: So it's it's a little you know, it's a little
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  Speaker 2: different holding on holding a little study down there because there's
• 3:05
  Speaker 2: a lot of stuff moving. But but the one getting
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  Speaker 2: a second home in the mountains was getting a pretty
• 3:09
  Speaker 2: sweet deal. It was pretty cool. When I saw the
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  Speaker 2: last thing, I was like, dang, you can get that
• 3:12
  Speaker 2: for that. It was pretty nice. So yeah, but yeah, no,
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  Speaker 2: I mean I just say that to say it is
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  Speaker 2: interesting seeing like people need to unload maybe a second home,
• 3:20
  Speaker 2: and people like quick to pick them up when they
• 3:22
  Speaker 2: you know that have a more sustainable income and different
• 3:27
  Speaker 2: stuff and not maybe affected by some of the other
• 3:29
  Speaker 2: stuff in the economy and and the gas prices that
• 3:32
  Speaker 2: that continue to woe us right now, that affects everything else.
• 3:35
  Speaker 2: So it's kind of where we are. I have found
• 3:39
  Speaker 2: this interesting of all this stuff is like going back
• 3:42
  Speaker 2: in like you know, land Man, such a good show,
• 3:44
  Speaker 2: but like right now, like all the stuff about the
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  Speaker 2: fuel and gas and what all the oil goes into,
• 3:48
  Speaker 2: and like all the little things it affects, and so
• 3:51
  Speaker 2: like right now, I mean it is it is. I
• 3:53
  Speaker 2: think everybody's feeling that the most of anything else that
• 3:57
  Speaker 2: no matter what else you put in the bucket right now,
• 3:59
  Speaker 2: I mean you're anyway. So but it's going good.
• 4:02
  Speaker 1: It's busy, yeah, you know, I think with everything that
• 4:05
  Speaker 1: we've got going on in the world, you know, I
• 4:08
  Speaker 1: think people are having to make some tough decisions on
• 4:11
  Speaker 1: whether it's maybe selling a second home or maybe selling
• 4:14
  Speaker 1: an investment property just to get some more cash flow
• 4:17
  Speaker 1: in we've we've had like we're getting more I'm getting
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  Speaker 1: more listing employment request so just different needs, whether it's
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  Speaker 1: people need access to capital, you know, people offloading those
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  Speaker 1: investment properties, people wanting to downsize and move. I mean,
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  Speaker 1: so you know, there's I mean, there's just a lot
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  Speaker 1: going on in the world. So then you know what,
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  Speaker 1: what's what do you do with your your most valuable asset,
• 4:44
  Speaker 1: which is your house. So we've got we've got like
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  Speaker 1: four new listings this week that we're going to talk about.
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  Speaker 1: And uh, you know, we're we're taking open house off
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  Speaker 1: on Mother's Day. We had open houses yesterday, but we're
• 4:59
  Speaker 1: taking h Mother's Day off so we can celebrate with
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  Speaker 1: our with our moms and wives and so. But we've
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  Speaker 1: got some really nice listings that we're going to talk about.
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  Speaker 1: So I think this is gonna be a good segue
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  Speaker 1: into tell the Rules of the game.
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  Speaker 2: Oh yeah, So, Gus, you's gonna get this some of
• 5:16
  Speaker 2: the new listings they've got, and you can go through
• 5:18
  Speaker 2: some of the key features of each property. But he's
• 5:20
  Speaker 2: also going to give us what I need, and that
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  Speaker 2: is the list price purchase price of the home, which
• 5:25
  Speaker 2: time I will give a potential down payment at a
• 5:27
  Speaker 2: bar where may make on that home, and then Augusty
• 5:29
  Speaker 2: and John will guess the thirty or fixed monthly principal
• 5:33
  Speaker 2: and interest only payment. All right, So I'm ready, I
• 5:37
  Speaker 2: got my stuff together. Property number one.
• 5:40
  Speaker 1: All right, our first Property of the Week, ninety thirteen
• 5:46
  Speaker 1: Hunter Place. This is in Warrior. This was built in
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  Speaker 1: twenty twenty three on zero point one three of an
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  Speaker 1: acre in the Smith Glenn neighborhood. It's four bedrooms, three baths,
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  Speaker 1: fourteen hundred and one square feet and we are asking
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  Speaker 1: two hundred and nine two hundred ninety nine thousand, and
• 6:03
  Speaker 1: this listing is courtesy of Riley Woods. So, Raleigh, congratulations
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  Speaker 1: on your new listing. And I will say, you know
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  Speaker 1: it is recently built, so you know it's got all
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  Speaker 1: the the you know, upgrades, the granite countertops, the stainless
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  Speaker 1: appliance is the large island, the two car garage, all
• 6:19
  Speaker 1: that fun stuff.
• 6:20
  Speaker 2: Under three hundred yep, nice, all right, two ninety nine,
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  Speaker 2: putting ten percent down, ten percent down, Start, Gusty gets
• 6:27
  Speaker 2: to go first.
• 6:29
  Speaker 1: All right, nine ten percent down. I'm gonna go with
• 6:41
  Speaker 1: hmmm mmmmmmmmmm. Let's go with sixteen twenty nine. I was
• 6:58
  Speaker 1: thinking sixteen hundred.
• 7:00
  Speaker 2: Is that your answer?
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  Speaker 3: That's my answer, sixteen hundred.
• 7:04
  Speaker 2: The actual payment was sixteen ninety two. Gussy just transposed
• 7:11
  Speaker 2: the last two numbers or to have been exact. But yeah,
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  Speaker 2: so Gusty gets round one.
• 7:16
  Speaker 1: All right, good deal here, we are, all right. Next
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  Speaker 1: new listing of the week is a loft condo at
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  Speaker 1: the Johnston Lofts in downtown Birmingham, First Avenue North, twenty
• 7:27
  Speaker 1: four sixteen, First Avenue North. This building was built in
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  Speaker 1: nineteen twenty five. Two bedrooms, one bath, twelve hundred and
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  Speaker 1: seventy three square feet. Where we are asking three eighty
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  Speaker 1: nine nine, three eighty nine nine, and this is one
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  Speaker 1: of those like cool lofts. Yeah, so if you're kind
• 7:45
  Speaker 1: of in the market for you know, whether it's you know,
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  Speaker 1: you want to be downtown or maybe for like a
• 7:51
  Speaker 1: long term investment, this is one of those places that
• 7:53
  Speaker 1: would be a good one to be at. So three
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  Speaker 1: eighty nine to nine, there we.
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  Speaker 2: Go, three eighty nine to nine to We're gonna put
• 8:00
  Speaker 2: twenty percent down this time, twenty percent down, twenty percent
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  Speaker 2: three eighty nine nine, forty thousand.
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  Speaker 3: Dollars, right, how about.
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  Speaker 4: Eighteen eighty five, eighteen thirty five, eighteen eighty five, I
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  Speaker 4: believe you said I did.
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  Speaker 3: The year that that Marty went back to visit Doc
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  Speaker 3: in the Old West.
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  Speaker 2: I was sitting here thinking, like I know that year, m.
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  Speaker 1: All right he said, twenty percent down?
• 8:40
  Speaker 2: You for ten, Mad Dog, Mad Dog?
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  Speaker 1: And what did he say eighteen eighty five? I'm gonna
• 8:51
  Speaker 1: go with nineteen fifty.
• 8:54
  Speaker 2: It was actually nineteen sixty two. What happened to that year? Yeah?
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  Speaker 2: Is that? What did happen in sixty two?
• 9:02
  Speaker 3: It's not, You're the history is assassinating sixty three?
• 9:06
  Speaker 2: I say, then, is that when he got a late no, get.
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  Speaker 5: Lacked in nineteen sixty Yeah, Okay, I don't know what
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  Speaker 5: happened in sixty two, Babe, baby babigs.
• 9:15
  Speaker 2: Yeah, let's go. It sounds about right, all right, good deal,
• 9:18
  Speaker 2: Gusty gets round two?
• 9:19
  Speaker 1: All right, very good. Next new listing of the week
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  Speaker 1: is in the Oak Mountain area, in the Sunny Meadows neighborhood,
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  Speaker 1: fifty two to twenty nine Meadow Garden Lane. This one
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  Speaker 1: is four bedrooms, three baths, sixteen and thirty two square
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  Speaker 1: feet on the main level, another eight ninety six square
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  Speaker 1: feet finished in the basement. And it's got a brand
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  Speaker 1: new roof, it has a new interior paint, it's got
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  Speaker 1: a new shower in the basement. And this is one
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  Speaker 1: of the best lots I've seen fully fenced uh in
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  Speaker 1: that neighborhood. Just an incredible uh lot. It's gonna be
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  Speaker 1: perfect for the dogs, the kids, for whatever. I mean,
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  Speaker 1: great lot four nineteen nine. You're gonna it's gonna be
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  Speaker 1: hard to beat. Two car garage too, by nice basement den,
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  Speaker 1: by the way, it gotta keep's got a deck, by
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  Speaker 1: the way.
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  Speaker 2: Let's go four nineteen nine. Yeah, gonna put five percent down. Yeah,
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  Speaker 2: we're back to gusty.
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  Speaker 1: Five percent down. Okay, Mmm, let's go with twenty five hundred,
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  Speaker 1: twenty five hundred.
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  Speaker 5: Okay, so asking price four nineteen I'm gonna call it
• 10:34
  Speaker 5: four twenty for no particular reason. Five percent down on that,
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  Speaker 5: so twenty one okay, so twenty twenty six hundred.
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  Speaker 2: It was actually twenty five oh nine. He gets locked in, baby,
• 10:55
  Speaker 2: I'm locked in. They're all pretty close, just.
• 11:00
  Speaker 3: On not close enough, not close enough, all right.
• 11:02
  Speaker 1: Next new listing of the week is in the Edgewood
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  Speaker 1: School District of Homewood fifteen nineteen Valley Place. This one
• 11:09
  Speaker 1: is three bedrooms, two baths, fourteen hundred and sixty two
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  Speaker 1: square feet. We are asking seven hundred and fifty thousand
• 11:15
  Speaker 1: dollars for it. This one is gonna be perfect for
• 11:18
  Speaker 1: somebody that wants to raise the roof and go up
• 11:21
  Speaker 1: or if they want to go back. You've got a
• 11:24
  Speaker 1: bunch of properties around this property have or either new
• 11:27
  Speaker 1: construction or they've done a huge renovation, and they're I mean,
• 11:32
  Speaker 1: we've got comps up up and over two million dollars.
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  Speaker 1: So fifteen nineteen Valley Place, seven hundred and fifty thousand,
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  Speaker 1: seven fifty by the way, updated kitchen and updated primary
• 11:43
  Speaker 1: bath too nice, all right, seven hundred and fifty thousand, Yeah,
• 11:47
  Speaker 1: putting ten percent down, ten percent down, back to John,
• 11:52
  Speaker 1: ten percent down.
• 11:53
  Speaker 5: So that's seventy five, seven hundred, Yeah, seventy five, seventy
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  Speaker 5: five thousand dollars down. Okay, So, uh, I have no
• 12:03
  Speaker 5: idea forty eight hundred dollars.
• 12:06
  Speaker 1: I don't know, Hm, it's gonna be. I think in
• 12:16
  Speaker 1: the fours. I think we're gonna.
• 12:20
  Speaker 3: Be one digit at a time.
• 12:21
  Speaker 1: Here, let's go forty four oh seven.
• 12:29
  Speaker 2: It is actually four thousand, two hundred and forty four dollars.
• 12:33
  Speaker 2: But Gusty gets the clean sweet.
• 12:37
  Speaker 1: Oh my god, oh my goodness, Oh my goodness. I'm sorry, John.
• 12:42
  Speaker 1: It happens that that was a beatdown right there, really
• 12:45
  Speaker 1: was kicked.
• 12:49
  Speaker 2: He kicked the dead horse.
• 12:51
  Speaker 3: You got to pick more of those houses that are
• 12:52
  Speaker 3: like one hundred thirty thousand dollars, I'm good with those.
• 12:55
  Speaker 1: Yeah, all right, Hey, we've got a coming soon in
• 12:58
  Speaker 1: the Clear area for one hundred and eighty thousand that's
• 13:01
  Speaker 1: going to be coming up. An incredible property and in
• 13:05
  Speaker 1: in Indian Springs. I know I mentioned this last week,
• 13:08
  Speaker 1: one point six nine to five million on five point
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  Speaker 1: four acres in an off of Cobba Valley Road in
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  Speaker 1: Indian Springs. I am super pumped about this house. Love it,
• 13:19
  Speaker 1: love it, love it backs to a creek and oak
• 13:22
  Speaker 1: mountain that's allSome. We do have some buyer needs. I've
• 13:26
  Speaker 1: got somebody looking in the Hoover area. I've got one
• 13:28
  Speaker 1: person looking up to five hundred. I've got one person
• 13:30
  Speaker 1: looking up six hundred. I've got one person looking up
• 13:32
  Speaker 1: to eight hundred. I've got somebody. I've got folks looking
• 13:36
  Speaker 1: in the Edgewood School district. So actually showed them that
• 13:41
  Speaker 1: Valley Place house and so to be determined on that one. Actually,
• 13:44
  Speaker 1: I've got somebody looking still in Liberty Park, Vestavia up
• 13:47
  Speaker 1: to six hundred. I've got somebody looking in the Bluff
• 13:50
  Speaker 1: Park area up to five twenty five. I've got somebody
• 13:54
  Speaker 1: looking near Vulcan up to four hundred thousand.
• 13:57
  Speaker 2: Oh cool.
• 13:58
  Speaker 1: And then, last but not least, I've got somebody looking
• 14:00
  Speaker 1: in the Trustville, Odinville or pel City area. I know
• 14:03
  Speaker 1: that's a pretty wide area. Four bedrooms up to five
• 14:06
  Speaker 1: hundred thousand dollars. So we've got a bunch of folks
• 14:10
  Speaker 1: that are looking at houses. If you would, if you
• 14:12
  Speaker 1: might be interested in selling your property, just go to
• 14:14
  Speaker 1: gustygoulisgroup dot com or caller text two O five five
• 14:18
  Speaker 1: four to two, nineteen ninety six. Hey, guess what time
• 14:21
  Speaker 1: it is? That's right, it's that cimonial time.
• 14:27
  Speaker 2: All right.
• 14:28
  Speaker 1: Well, this one is from mss Cheryl. Miss Cheryl says
• 14:33
  Speaker 1: this group is a well old machine and they truly
• 14:36
  Speaker 1: knew or they truly know what they are doing. Best
• 14:39
  Speaker 1: home selling experience of my life, and that is saying
• 14:42
  Speaker 1: something because I am seventy Everyone in the process, everyone
• 14:49
  Speaker 1: in the process, from Gusty on down could not have
• 14:51
  Speaker 1: been nicer or more responsive. I will miss this house,
• 14:54
  Speaker 1: but I feel great knowing that I got the best
• 14:56
  Speaker 1: deal I could have. This group obtained my contract in
• 14:59
  Speaker 1: a record time of only none days, and the coveted
• 15:01
  Speaker 1: full asking price and a cash buyer. I'm a very
• 15:05
  Speaker 1: happy camper. So miss Cheryl, thank you so much for
• 15:08
  Speaker 1: the opportunity to sell your property in the McCullough area.
• 15:10
  Speaker 2: And uh, Gusty Gullis Group, congratulations on another five star review.
• 15:17
  Speaker 3: Damn look at that.
• 15:19
  Speaker 2: So I just went with the whole group.
• 15:20
  Speaker 3: It was me.
• 15:21
  Speaker 2: It was me.
• 15:21
  Speaker 1: I mean, you mean, your name's on the group, so
• 15:25
  Speaker 1: I know, I know, I'm just missing.
• 15:28
  Speaker 3: It's a team.
• 15:29
  Speaker 1: It's teamwork, baby, is team work? All right?
• 15:31
  Speaker 3: Hey, y'all stay tuned.
• 15:32
  Speaker 1: We're gonna give you a little bit more information about
• 15:34
  Speaker 1: what we're seeing in the market, what we're seeing on
• 15:35
  Speaker 1: interest rates right here on bolt Born and Sult's stay tuned.
• 15:41
  Speaker 1: All right, thanks again for joining us each and every Sunday.
• 15:45
  Speaker 1: Happy Mother's Day to all you moms out there. And
• 15:50
  Speaker 1: you know, we each and every week we had a
• 15:52
  Speaker 1: bunch of questions like how's the market, what are interest
• 15:55
  Speaker 1: rates looking like? And we've got Brad Smith with Cross
• 15:58
  Speaker 1: Country Mortgage in the stud udo with us, so you know,
• 16:02
  Speaker 1: I mean, are we getting any relief on the interest rates?
• 16:04
  Speaker 2: Yeah, we've gotten a little relief. We're kind of ticking
• 16:07
  Speaker 2: back down into the lower part of the mid sixes,
• 16:10
  Speaker 2: So you know round I think thirty your averages past
• 16:12
  Speaker 2: week settled in around around six point four on the
• 16:16
  Speaker 2: conventional and everything faha, was still around five point nine
• 16:19
  Speaker 2: or so on the on the government on the third
• 16:21
  Speaker 2: just average. And again we're we're still talking about that.
• 16:25
  Speaker 2: The main driver of all this right now is oil
• 16:28
  Speaker 2: prices and what's going on in the war and Iran,
• 16:31
  Speaker 2: and so right now, as long as you know oil
• 16:35
  Speaker 2: prices and the barrel of oil staying up and right
• 16:38
  Speaker 2: now is significantly over one hundred dollars, we're going to
• 16:40
  Speaker 2: continue to see mortgage rates about where we are just
• 16:42
  Speaker 2: because the normal dad, like we've said multiple weeks now
• 16:44
  Speaker 2: in a row, the normal data that impacts the mortgage
• 16:47
  Speaker 2: rates really is is holding it steady, but it's not
• 16:51
  Speaker 2: bringing us down because we still got the oil situation
• 16:54
  Speaker 2: going on with the war. But we did get some
• 16:57
  Speaker 2: decent news this past week. We we had a new
• 17:02
  Speaker 2: propos a new deal to Iran, and basically the big
• 17:06
  Speaker 2: the biggest kicker there that gave gave the new some
• 17:09
  Speaker 2: hopeing is helping some mortgage rate information and hopefully going
• 17:11
  Speaker 2: to get the the oil back go in the right direction.
• 17:15
  Speaker 2: Was the uh, the uranium, the uranium enrichment part piece
• 17:19
  Speaker 2: of it that we had it we were going to
• 17:20
  Speaker 2: put a moratorium on it, and that was going to
• 17:21
  Speaker 2: be forever. Yeah, And so the new deal says it's
• 17:25
  Speaker 2: just a moratorum on that, on that uranium enrichment for
• 17:27
  Speaker 2: the next twenty years and then it'll be revisited. So
• 17:30
  Speaker 2: they're just kicking the can twenty years down the road.
• 17:33
  Speaker 2: So you know, not that it can't be re emphasized
• 17:37
  Speaker 2: or put in place, but I think part of the
• 17:38
  Speaker 2: thought process was or there is, okay, the whole who
• 17:44
  Speaker 2: knows where the whole world is going to be in
• 17:45
  Speaker 2: twenty years, you know, so you know, it could be
• 17:48
  Speaker 2: a thing where we removed with the right regime and
• 17:50
  Speaker 2: they get the right leadership in place that we were
• 17:52
  Speaker 2: going to remove it anyways in that time frame. If
• 17:54
  Speaker 2: that's something gets the deal worked out, put it on
• 17:57
  Speaker 2: twenty years and then you can kick the can. You
• 17:59
  Speaker 2: can send it, you can see where you are. But
• 18:01
  Speaker 2: if that keeps things moving, let's kick the can. So
• 18:05
  Speaker 2: that's that's that's the way the news has been read
• 18:07
  Speaker 2: and how the markets have responded to it. Now I'm
• 18:09
  Speaker 2: not saying what responded positively, The markets have the markets have.
• 18:13
  Speaker 2: I don't think.
• 18:14
  Speaker 1: Isn't just because there that there's that sense of potential
• 18:18
  Speaker 1: end end.
• 18:19
  Speaker 2: Yes, because because what we have now said, okay, I
• 18:23
  Speaker 2: guess we will negotiate, and so because we know we
• 18:25
  Speaker 2: need to get it get it hand. I mean we
• 18:27
  Speaker 2: can we can puff our chest and we can beat
• 18:29
  Speaker 2: our chest no matter you know, and do and say
• 18:31
  Speaker 2: whatever we want to say. At the end of the day,
• 18:32
  Speaker 2: this is this is not just you know, big on
• 18:35
  Speaker 2: the in the United States. This is big on the
• 18:37
  Speaker 2: world economic global standpoint. I mean we've seen we've seen
• 18:40
  Speaker 2: gas prices you know, shoot up. I mean what you
• 18:44
  Speaker 2: know almost fifty percent in the past ninety days. That
• 18:47
  Speaker 2: that's a hard hit. I mean there's in the average
• 18:49
  Speaker 2: average average American is going to spend the extra but
• 18:52
  Speaker 2: right around one thousand dollars this year extra and just
• 18:54
  Speaker 2: feel coste you know, transportation costs. If for businesses that
• 18:58
  Speaker 2: have the transportation and on trucks and everything else, if
• 19:02
  Speaker 2: it fuel costs was thirty percent of their costs, Now
• 19:04
  Speaker 2: about fifty percent of their cost is just in fuel.
• 19:06
  Speaker 2: So that you know, that's that gets trickled back down
• 19:08
  Speaker 2: everything we buy all the gas prices everything else, and
• 19:11
  Speaker 2: again it kind of gives a false number on inflation
• 19:13
  Speaker 2: because people are still paying for the gas they've got
• 19:16
  Speaker 2: to have and so it's gone up, so it's you know,
• 19:19
  Speaker 2: they're not spending on other things, but it shows that
• 19:21
  Speaker 2: as inflationary thing. And so you know, getting that back
• 19:24
  Speaker 2: down is the key indicator for getting the mortgage rates
• 19:27
  Speaker 2: going back to where we thought they were going to
• 19:28
  Speaker 2: be back you know, hopefully under the sixes and creeping
• 19:31
  Speaker 2: out into the mid fives at some point. So anything
• 19:33
  Speaker 2: that helps us get the end of that and opens
• 19:36
  Speaker 2: that back up and gets the barrel of the price
• 19:38
  Speaker 2: of oil down will be will be positive for mortgage rates.
• 19:42
  Speaker 2: I can't say anything else politically on as far as
• 19:44
  Speaker 2: what you think would help help or not help, But
• 19:46
  Speaker 2: I can tell you how it impacts mortgage rates, and
• 19:48
  Speaker 2: that's what we're here to talk about.
• 19:50
  Speaker 1: And I can tell you how it impacts you know,
• 19:52
  Speaker 1: mortgage rates, how it impacts real esnatere you go. So
• 19:56
  Speaker 1: you know we are And now I will say I'm
• 19:58
  Speaker 1: still seeing multiple offer situation.
• 19:59
  Speaker 5: Yeah.
• 20:00
  Speaker 1: I mean I was literally showing a house in Vestavia
• 20:03
  Speaker 1: this week and and there was literally a it was
• 20:07
  Speaker 1: first day on the market and there was a home
• 20:09
  Speaker 1: inspector there doing a home inspection. And so you know
• 20:12
  Speaker 1: what typically what I find, if that's the case, then
• 20:16
  Speaker 1: somebody's really interested in that property and they are trying
• 20:21
  Speaker 1: to put together an offer without an inspection contingency. So
• 20:24
  Speaker 1: you know, it just tells you like the seriousness of
• 20:27
  Speaker 1: like some home buyers are very serious and they're ready
• 20:30
  Speaker 1: to rock and roll and and and doing what they
• 20:35
  Speaker 1: can to position themselves to get into a house, and
• 20:38
  Speaker 1: especially in a coveted area like a like a homewood
• 20:41
  Speaker 1: of Vestavia, Mountain Brook in those places, so you know,
• 20:45
  Speaker 1: I do find that there are some more aggressive behaviors
• 20:50
  Speaker 1: and negotiation and and so that that typically happens. And
• 20:54
  Speaker 1: then you've got you know, house and we've got we've
• 20:56
  Speaker 1: got some listenings that you know, unfortunately have just kind
• 20:59
  Speaker 1: of taken a while. Yeah, and we're we're either waiting
• 21:02
  Speaker 1: on that right buyer or we're having to trying to
• 21:05
  Speaker 1: understand where that market is and trying to trying to
• 21:08
  Speaker 1: get to where that market price is right because things
• 21:12
  Speaker 1: have kind of you know changed a little bit because
• 21:14
  Speaker 1: of interest rates.
• 21:15
  Speaker 2: Well well, and then but just to spin it back
• 21:17
  Speaker 2: on a slightly positive note, and some of the things
• 21:20
  Speaker 2: we're continue to see as far as like you're talking
• 21:22
  Speaker 2: about multiple offers and still some things happening in the market.
• 21:24
  Speaker 2: I mean, we're still these are still some of the
• 21:28
  Speaker 2: lowest rates we've had since twenty twenty two. So I mean, like,
• 21:31
  Speaker 2: I mean, like twenty twenty three, I think the average
• 21:33
  Speaker 2: was like seven point eight. We kay felt that, we
• 21:37
  Speaker 2: felt so just to give it, you know, twenty twenty
• 21:39
  Speaker 2: four average was about six point seven two. Twenty twenty
• 21:42
  Speaker 2: five was kind of like this year, it kind of
• 21:44
  Speaker 2: bounced and stuff, but it really kind of was in
• 21:45
  Speaker 2: the upper sixes to seven on average for twenty twenty five,
• 21:49
  Speaker 2: I mean right now where our national average is right
• 21:50
  Speaker 2: at six point four. So I mean, we're still lower
• 21:53
  Speaker 2: than we have been on average for the past three
• 21:55
  Speaker 2: or four years, but we're still getting Like the second
• 21:57
  Speaker 2: home I was talking about the other day, they're wanting
• 21:58
  Speaker 2: to refinance their primary that they bought in twenty twenty
• 22:01
  Speaker 2: three because they're at like seven and a half percent,
• 22:04
  Speaker 2: so then they're wanting to refinance it, get that payment down.
• 22:07
  Speaker 2: But so I mean, so when we talk about where
• 22:10
  Speaker 2: rates should be, and we're hoping they get in the
• 22:11
  Speaker 2: fives and all this let's let's keep it in perspective
• 22:14
  Speaker 2: also that we're still probably in that one of the
• 22:17
  Speaker 2: lowest rates we've had in the past four years during
• 22:20
  Speaker 2: this time of the year, and so so it is
• 22:23
  Speaker 2: continuing to help us be positive. But just think that
• 22:25
  Speaker 2: the reason why I was talking about to think about
• 22:27
  Speaker 2: what we could be if we weren't dealing with this
• 22:29
  Speaker 2: other situation.
• 22:30
  Speaker 1: So, yeah, it's an interesting world, you know, And I
• 22:34
  Speaker 1: think like even like on a month to month basis,
• 22:37
  Speaker 1: like you know, a week to week basis, everything can change.
• 22:41
  Speaker 1: I mean, well everything can change, whether it's rates, whether
• 22:45
  Speaker 1: it's you know, if you've got to really go to
• 22:48
  Speaker 1: market on like the right day, you got to go
• 22:50
  Speaker 1: to the market with the right price, you got to go,
• 22:53
  Speaker 1: you know, go into market one week as compared to
• 22:56
  Speaker 1: another week can make a big difference.
• 22:58
  Speaker 2: Well, I mean one week, we were sitting around five
• 23:00
  Speaker 2: point nine to six percent on the national average, and
• 23:02
  Speaker 2: we you know, then by the time we got to
• 23:03
  Speaker 2: the next show, we had Ward starred in Iran and
• 23:06
  Speaker 2: that Monday next Monday morning, you know, we were in
• 23:09
  Speaker 2: the mid upper sixes and get close to seven there
• 23:11
  Speaker 2: for a little bit, so I mean like anyways, it's
• 23:14
  Speaker 2: you know, we keep to watch it, but you know,
• 23:16
  Speaker 2: at the end of the day, things are still moving
• 23:17
  Speaker 2: and going on so well.
• 23:19
  Speaker 1: For any of your real estate needs, I encourage you
• 23:22
  Speaker 1: to go to Gustygoulisgroup dot com call or text two
• 23:25
  Speaker 1: A five five four two nineteen ninety six. And if
• 23:28
  Speaker 1: you'd like to get pre approved for a mortgage, go
• 23:31
  Speaker 1: to brad Smith Loans dot com. All right, thanks so
• 23:35
  Speaker 1: much for joining us each and every week. Happy Mother's Day,
• 23:38
  Speaker 1: and I hope you'll have an amazing rest of your weekend.
• 23:41
  Speaker 1: We'll catch you next time.