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Relocation to Birmingham is a great idea! · Bought Borrowed and Sold

• 0:01
  Speaker 1: Welcome to Bought, Bought, and Sold. Thanks so much for
• 0:04
  Speaker 1: joining us. Another Sunday morning.
• 0:08
  Speaker 2: I like it.
• 0:09
  Speaker 1: I like it.
• 0:10
  Speaker 2: I'm ready for these Sunday mornings to start being a
• 0:12
  Speaker 2: little cooler. Hey, I'm telling you what. Get the coffee going.
• 0:15
  Speaker 2: I'm not complaining. I'm just happy to have another morning
• 0:17
  Speaker 2: that I'd like from to be a little cooler.
• 0:19
  Speaker 1: Look, it's been warm. It's been warm.
• 0:23
  Speaker 2: We got teased for a couple weeks. We stayed under
• 0:27
  Speaker 2: 90 there for maybe a week, week and a half-ish.
• 0:30
  Speaker 2: And we cranked it right back up in the mid
• 0:31
  Speaker 2: upper nineties and said, let's just deal with it.
• 0:33
  Speaker 1: Yeah.
• 0:34
  Speaker 2: Yeah.
• 0:34
  Speaker 1: Well, you know, maybe, maybe being hot and kind of
• 0:38
  Speaker 1: sparked a little, little something in the market. Cause we,
• 0:41
  Speaker 1: we got a little hot and put some deals under contract.
• 0:44
  Speaker 2: I heard you on the phone beforehand. So like a
• 0:46
  Speaker 2: lot of, a lot of stuff.
• 0:48
  Speaker 1: Yeah. Been putting some deals under contract and totally dig that.
• 0:53
  Speaker 1: And I know we'll, we'll probably talk next, next segment
• 0:57
  Speaker 1: on what we saw, you know, what, what's kind of.
• 0:59
  Speaker 3: The, What's happened after the Fed rate.
• 1:04
  Speaker 1: Hike in interest rates and how that is actually going
• 1:07
  Speaker 1: to impact or has impacted the interest rate. So I'm
• 1:10
  Speaker 1: going to have to like, you know, you're going to
• 1:12
  Speaker 1: have to hold on until the next segment.
• 1:13
  Speaker 2: Yeah, because there's been different directions throughout the process, throughout
• 1:17
  Speaker 2: the week with it. And so it's like there was worse, better, worse, better,
• 1:21
  Speaker 2: but better than still worse than it was. So, yeah,
• 1:24
  Speaker 2: there's a lot of moving parts.
• 1:25
  Speaker 3: We'll talk about that in a little bit.
• 1:27
  Speaker 1: Yep. And then just general updates. Yours truly was on
• 1:33
  Speaker 1: the mic at the fourth grade tackle football game of
• 1:36
  Speaker 1: Homewood versus Oak Mountain this past week. And, hey, I
• 1:41
  Speaker 1: got a lot of comments.
• 1:42
  Speaker 2: I'm not going to lie.
• 1:43
  Speaker 3: I had a lot of comments.
• 1:44
  Speaker 2: I bet you were awesome. I bet you were the
• 1:47
  Speaker 2: gold standard now.
• 1:48
  Speaker 1: I had fun.
• 1:49
  Speaker 3: I really had.
• 1:50
  Speaker 2: That's the main thing.
• 1:51
  Speaker 1: I was a little nervous.
• 1:52
  Speaker 2: But that's the thing. So I've had to do it
• 1:54
  Speaker 2: before when we're not playing and our other team is
• 1:57
  Speaker 2: and none of the other folks want to do it.
• 1:59
  Speaker 2: And I go up there and just have a ball
• 2:00
  Speaker 2: with it. You can see people with stands laughing and
• 2:03
  Speaker 2: kind of going with it. Some people get up there
• 2:04
  Speaker 2: and they're just terrified of talking to Mike. Right. Or
• 2:09
  Speaker 2: they just get to watching the game and just forget
• 2:10
  Speaker 2: to announce anything, which happens a good bit too. I'll
• 2:12
  Speaker 2: look at them like, are you doing anything up there?
• 2:15
  Speaker 1: Hey, I'll tell you what, you've got to really pay
• 2:16
  Speaker 1: attention up there.
• 2:17
  Speaker 2: Keep that roster handy.
• 2:19
  Speaker 1: For real, yeah.
• 2:21
  Speaker 3: But I had a great time.
• 2:22
  Speaker 2: That's cool.
• 2:23
  Speaker 3: Got a lot of, I had crowd participation.
• 2:26
  Speaker 4: Yes.
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  Speaker 3: So that was good.
• 2:27
  Speaker 1: I pulled out a trick from, you know, we're the
• 2:31
  Speaker 1: Homewood Patriots. So I tried to figure out what the
• 2:35
  Speaker 1: New England Patriots do. And so I took how they
• 2:39
  Speaker 1: do their first downs and I brought that to Homewood.
• 2:42
  Speaker 2: That is next level.
• 2:43
  Speaker 1: So I did research on this, man. So I got
• 2:46
  Speaker 1: crowd participation. I did let all the parents know this
• 2:49
  Speaker 1: is what we do for a first down. And so, yeah,
• 2:53
  Speaker 1: it was solid.
• 2:54
  Speaker 2: Don't be surprised if you get a call to start
• 2:57
  Speaker 2: being the announcer for the high school games.
• 2:59
  Speaker 1: Look, look, you know what?
• 3:01
  Speaker 3: Hey, if they pay me the big bucks, I might
• 3:03
  Speaker 3: be open to it.
• 3:04
  Speaker 2: I know this is completely off topic, but one of
• 3:08
  Speaker 2: our dads of one of my players, his dads, one
• 3:11
  Speaker 2: of my players' granddads, was the PA announcer for high
• 3:14
  Speaker 2: school football games where they were from for like 37 years.
• 3:16
  Speaker 1: Yeah.
• 3:17
  Speaker 2: So the first year, two years ago, he did our games.
• 3:21
  Speaker 2: And somebody overheard it and was like, we need him
• 3:24
  Speaker 2: doing the high school games.
• 3:25
  Speaker 1: Oh, is that right?
• 3:26
  Speaker 2: And so his name's Elmer Vogelsang.
• 3:28
  Speaker 1: Oh, okay.
• 3:29
  Speaker 2: And Mr. Elmer's like 80-something years old.
• 3:31
  Speaker 1: Okay.
• 3:31
  Speaker 2: So he can't make the climb up those steps to
• 3:33
  Speaker 2: the high school games. So he had to decline the invitation. But, yes,
• 3:38
  Speaker 2: that's why I say, hey, when somebody nails it at
• 3:40
  Speaker 2: the youth game, sometimes you get the call up to
• 3:42
  Speaker 2: the big time. Maybe me and you need to go
• 3:43
  Speaker 2: do it.
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  Speaker 1: Yes.
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  Speaker 3: Who knows?
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  Speaker 2: I don't know.
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  Speaker 1: Who knows?
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  Speaker 2: That's awesome.
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  Speaker 1: But, you know, it's– It's been a fun time in
• 3:53
  Speaker 1: our world.
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  Speaker 4: Mr.
• 3:54
  Speaker 2: Elmer won't mind me dropping his name either. Hey, that's good.
• 3:57
  Speaker 1: Hey, yeah. So, yeah, so with the heat, speaking of which,
• 4:02
  Speaker 1: it was a little hot at the football game.
• 4:05
  Speaker 3: With the heat, you know, it's brought.
• 4:07
  Speaker 1: A little bit of, you know, people getting activated in
• 4:11
  Speaker 1: the market, which I love. For sure. I had some
• 4:14
  Speaker 1: clients that are being relocated here from Nashville. So I
• 4:18
  Speaker 1: showed them around to different neighborhoods. We were in Greystone.
• 4:21
  Speaker 1: We were in Ross Bridge. We were in Black Ridge.
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  Speaker 1: We were in Liberty Park. Really just kind of showcasing
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  Speaker 1: our area and getting, you know, they were trying to
• 4:30
  Speaker 1: get a feel of what could be their potential neighborhood,
• 4:34
  Speaker 1: potential house. And so we went and looked at some
• 4:37
  Speaker 1: houses in Mountain Brook. I mean, we were really all
• 4:40
  Speaker 1: over the place. And I'll tell you what, when I'm
• 4:44
  Speaker 1: working with somebody that's relocating to the area, they are
• 4:47
  Speaker 1: almost always just pleasantly surprised about how fantastic Birmingham is.
• 4:53
  Speaker 2: You know, that was actually where I had a follow-up
• 4:56
  Speaker 2: question as you were kind of explaining that because I
• 4:58
  Speaker 2: was just curious. So when you say relocation, is it job-driven?
• 5:02
  Speaker 2: That's correct. Have they been from here, ever been in Birmingham?
• 5:05
  Speaker 3: Never been in Birmingham.
• 5:07
  Speaker 1: Got an executive-level position at one of the companies here
• 5:12
  Speaker 1: in Birmingham.
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  Speaker 4: Cool.
• 5:13
  Speaker 3: And they are just– they are so excited.
• 5:16
  Speaker 2: Well, the reason I thought about that is because I
• 5:18
  Speaker 2: could see somebody that maybe had been in Nashville a
• 5:20
  Speaker 2: real long time come to Birmingham and be like, well,
• 5:23
  Speaker 2: this is how Nashville used to be when we liked it,
• 5:25
  Speaker 2: when we loved Nashville.
• 5:27
  Speaker 1: It's interesting that you said that because that was one
• 5:30
  Speaker 1: of the comments that they made because they'd been in
• 5:32
  Speaker 1: Nashville for 20 years.
• 5:34
  Speaker 5: Mic drop.
• 5:34
  Speaker 1: And they said, this reminds me a lot of Nashville
• 5:38
  Speaker 1: 20 years ago. Yep.
• 5:40
  Speaker 2: And I thought that was cool. Yeah, I could see
• 5:44
  Speaker 2: that from a lot. If you moved to Nashville in
• 5:45
  Speaker 2: the past five, ten years, you knew what you were
• 5:48
  Speaker 2: getting into.
• 5:48
  Speaker 5: Yeah, right.
• 5:49
  Speaker 2: But if you were previous 2010 pretty much, or maybe
• 5:52
  Speaker 2: even before, it wasn't anything like it is now. I mean,
• 5:56
  Speaker 2: it is unbelievable. So I was just curious if that
• 5:59
  Speaker 2: even came up. So they mentioned that. Yeah, that's interesting.
• 6:01
  Speaker 1: That's pretty interesting to hear. We've been working with multiple
• 6:04
  Speaker 1: relocation buyers. We've got one that's moving here from– Georgia,
• 6:09
  Speaker 1: that's relocating to the area. They're super pumped and excited.
• 6:14
  Speaker 1: And they were they were talking about how much that
• 6:16
  Speaker 1: they've enjoyed. uh, you know, the possibilities of moving to
• 6:19
  Speaker 1: Birmingham and then ended up, you know, getting the position.
• 6:21
  Speaker 1: And so it's, it's been fun working with the buyers
• 6:25
  Speaker 1: that are relocating.
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  Speaker 2: And it's cool having people come in and appreciate and
• 6:29
  Speaker 2: be excited about like, not really know, like, you know,
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  Speaker 2: you can only see so much when you're looking on
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  Speaker 2: websites and online until you get boots on the ground.
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  Speaker 2: And so like that, it is cool to be like, wow,
• 6:37
  Speaker 2: you know, this is, it's just like every, you know,
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  Speaker 2: so that that's, it's fun when you get somebody's new
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  Speaker 2: eyes are open to it and like, 100%. This is amazing.
• 6:44
  Speaker 2: I didn't even know this was available here.
• 6:46
  Speaker 1: There you go.
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  Speaker 3: All right.
• 6:47
  Speaker 1: Well, hey, we've got an open house. We've got three
• 6:51
  Speaker 1: new listings this week. So let's get the game going.
• 6:55
  Speaker 3: So, Brad, tell the rules.
• 6:56
  Speaker 2: Game time. All right. Gus is going to go through
• 6:58
  Speaker 2: the properties and the listings they have. He's going to
• 7:00
  Speaker 2: let us know if they have any open houses and
• 7:01
  Speaker 2: kind of what the deal there is. He's going to
• 7:03
  Speaker 2: let us know all the key details and cool features
• 7:05
  Speaker 2: of the property. But at the end, he's going to
• 7:06
  Speaker 2: let me know what the list price of the property is.
• 7:08
  Speaker 2: That's the potential that somebody may buy the house for.
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  Speaker 2: I'm going to give a down payment that somebody might
• 7:13
  Speaker 2: make on that home, and Gusty and John are going
• 7:15
  Speaker 2: to guess the 30-year fixed monthly principal and interest-only payment.
• 7:21
  Speaker 1: Yeah.
• 7:21
  Speaker 2: And that is that simple. It's that simple. I know
• 7:24
  Speaker 2: some of you listen every week, and you've got your
• 7:26
  Speaker 2: pad and stuff down, and y'all play in the car
• 7:27
  Speaker 2: together on your way to church. So y'all make sure
• 7:29
  Speaker 2: you're dialed in today.
• 7:31
  Speaker 1: All right. Our first new listing is also going to
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  Speaker 1: be open this afternoon from 2 to 4. It's located
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  Speaker 1: in the Russet Woods neighborhood of Hoover. 137 South Run Circle.
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  Speaker 1: This home was built in 1988. It's on. 65 of
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  Speaker 1: an acre. It's three bedrooms and two and a half baths. 1,715
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  Speaker 1: square feet on the main two levels. 220 square feet
• 7:56
  Speaker 1: finished in the basement. It's got a two-car garage, and
• 7:59
  Speaker 1: it also does have high-end finishes. It's been updated, and
• 8:03
  Speaker 1: it's ready to rock and roll. I like how we put,
• 8:06
  Speaker 1: this is more than a renovation. It's a home that
• 8:09
  Speaker 1: was updated with quality in mind. Yeah.
• 8:12
  Speaker 3: Come see the difference.
• 8:13
  Speaker 1: There we go. This listing is courtesy of Kyle Bedgood. Kyle,
• 8:17
  Speaker 1: congratulations on your new listing. $ 429, 900.
• 8:19
  Speaker 4: $ 429, 900.
• 8:19
  Speaker 1: All right, $ 429, 900. We're going to start with 20% down.
• 8:22
  Speaker 1: 20% down.
• 8:23
  Speaker 2: Gusty will get to go first. All right.
• 8:36
  Speaker 1: Okay, I'm going to go with, I don't know. Let's
• 8:47
  Speaker 1: go with $.
• 8:48
  Speaker 2: 2, 200.
• 8:51
  Speaker 4: See, rates are, you know, there was a little adjustment
• 8:59
  Speaker 4: earlier this week, so I'm factoring that in.
• 9:02
  Speaker 1: Probably a good idea.
• 9:04
  Speaker 3: You know, you're a good listener.
• 9:06
  Speaker 5: I try to listen.
• 9:08
  Speaker 3: You're one of our top listeners, actually.
• 9:10
  Speaker 2: I am.
• 9:10
  Speaker 5: I'm always listening. Paying attention.
• 9:12
  Speaker 2: He's got to be number one. He listens more than
• 9:14
  Speaker 2: I do.
• 9:15
  Speaker 1: How about 23-23?
• 9:15
  Speaker 3: 23-23 was not bad, John, because it was 23-44. John
• 9:16
  Speaker 3: gets round one, and there's.
• 9:18
  Speaker 2: Only three today, so it is. You are on your way.
• 9:20
  Speaker 2: Look at that.
• 9:21
  Speaker 1: Okay. Okay. All right, so here we go. Our second
• 9:38
  Speaker 1: new listing of the week. This could be a personal home,
• 9:43
  Speaker 1: could be an investment property. Check out the square footage. 1,824
• 9:47
  Speaker 1: square feet on this three-bedroom, one-bath home located at 1833 St.
• 9:53
  Speaker 3: Charles Avenue.
• 9:54
  Speaker 1: This home was built in 1930, located in the Oakwood
• 9:58
  Speaker 1: Place neighborhood in And we are.
• 10:01
  Speaker 3: Asking $ 65, 000. $ 65, 000.
• 10:01
  Speaker 1: This listing is courtesy of Tony McDaniels. Tony, congratulations on
• 10:10
  Speaker 1: your new listing.
• 10:11
  Speaker 2: All right, $ 65, 000. We're going to put 10% down. 10%
• 10:14
  Speaker 2: down to John.
• 10:18
  Speaker 4: So financing a little under 60. So I'm going to
• 10:21
  Speaker 4: say $ 717. No, no, no, no, sorry. 700, 700.
• 10:34
  Speaker 5: Yeah, it was 700. That's fine.
• 10:37
  Speaker 1: Sorry. How many lifelines did he call right there? All
• 10:41
  Speaker 1: of them.
• 10:43
  Speaker 5: I phoned a friend.
• 10:44
  Speaker 3: Your phone to friend, you.
• 10:46
  Speaker 5: I went... What is it?
• 10:48
  Speaker 3: You Googled Gusty Goulas.
• 10:50
  Speaker 5: Remember that take two away or something like that?
• 10:52
  Speaker 4: Yeah.
• 10:52
  Speaker 2: He's got me rechecking the numbers. I wouldn't.
• 10:56
  Speaker 5: Your numbers are right. My numbers are very wrong.
• 10:58
  Speaker 3: How much did you say? 10% down?
• 10:59
  Speaker 4: Yeah.
• 11:03
  Speaker 1: I'm going to go with.
• 11:06
  Speaker 2: Let's say.
• 11:07
  Speaker 5: I should have said 500. I don't know what I
• 11:09
  Speaker 5: was thinking.
• 11:10
  Speaker 1: I was thinking 500. Yeah.
• 11:14
  Speaker 2: Is that what you're going with? Yeah, he should go
• 11:17
  Speaker 2: with $ 500. $ 399 was the actual payment. $ 399.
• 11:21
  Speaker 3: Man, I know what I can rent that for.
• 11:26
  Speaker 2: Yeah, I mean, listen.
• 11:26
  Speaker 1: I might need to consider that one.
• 11:27
  Speaker 2: Listen, I get fat thumbs sometimes, so now I really
• 11:30
  Speaker 2: am going back and checking, making sure I wasn't. No,
• 11:32
  Speaker 2: it comes out $ 399 both times.
• 11:34
  Speaker 3: Look, there you go.
• 11:35
  Speaker 1: Hey, you know, sometimes we're not perfect over here.
• 11:38
  Speaker 2: That's how good y'all are, though. Think about that. Y'all
• 11:40
  Speaker 2: have got me questioning me and my calculator because I
• 11:43
  Speaker 2: know y'all are usually more dialed.
• 11:44
  Speaker 4: In than that.
• 11:44
  Speaker 5: You should never think I'm dialed into anything.
• 11:46
  Speaker 1: I'm pulling numbers out of here.
• 11:48
  Speaker 2: That was kind of your price range area, though. You're
• 11:50
  Speaker 2: good down there normally.
• 11:51
  Speaker 5: I know. It was too low. It was too low.
• 11:54
  Speaker 2: You need 100 to 250.
• 11:55
  Speaker 5: Yeah, that's about right. That's where I live.
• 11:57
  Speaker 2: All right.
• 11:57
  Speaker 3: Okie dokie.
• 11:58
  Speaker 1: Our next new listing. Yeah. Next new listing of the
• 12:01
  Speaker 1: week and last new listing of the week is located
• 12:05
  Speaker 1: in Blount County in Rimlap. You know, Rimlap spelled backwards
• 12:10
  Speaker 1: is Palmer. 10121 Mize Road. This home is four bedrooms
• 12:17
  Speaker 1: and two and a half baths built in 2006 by
• 12:22
  Speaker 1: a custom builder for his home. Sits on two and
• 12:25
  Speaker 1: a half acres, 2,212 square feet on the main two levels,
• 12:30
  Speaker 1: a guesstimated 400 square feet finished in the basement, two
• 12:35
  Speaker 1: car garage. There's actually extra space for like a boat, ATV.
• 12:40
  Speaker 3: Oh, by the way, a.
• 12:41
  Speaker 1: Pool with a new pool liner, new interior paint, new carpet,
• 12:46
  Speaker 1: new LVP. And we're asking $ 475, 000 for this, $ 475, 000. $ 475.
• 12:53
  Speaker 3: By the way, guess.
• 12:53
  Speaker 1: All right. Taxes.
• 12:55
  Speaker 3: All right.
• 12:56
  Speaker 1: $ 475.
• 12:56
  Speaker 3: Think about this. Taxes on this.
• 12:58
  Speaker 2: Can I guess?
• 12:59
  Speaker 1: Yeah, guess.
• 13:02
  Speaker 2: $ 1, 650.
• 13:02
  Speaker 1: $ 1, 100.
• 13:02
  Speaker 2: God, I thought I had low-balled it so much to
• 13:06
  Speaker 2: get down there. Isn't that crazy?
• 13:07
  Speaker 1: That is awesome.
• 13:08
  Speaker 3: And no HOA.
• 13:10
  Speaker 5: And it's not in Jefferson County, so that's probably why
• 13:11
  Speaker 5: the taxes are significant.
• 13:13
  Speaker 1: 100%. 100%. You're in rim lap and in blunt. 100%.
• 13:16
  Speaker 2: That's great.
• 13:16
  Speaker 1: There you go.
• 13:17
  Speaker 2: Talk about bang for your buck.
• 13:18
  Speaker 4: Sheesh.
• 13:18
  Speaker 1: Yeah, yeah.
• 13:19
  Speaker 2: 475, we're going to stay with 10% down. 10% down.
• 13:23
  Speaker 2: We're back to Gusty. It's 1-1. John won two weeks ago.
• 13:28
  Speaker 2: Gusty won last week. Let's see how it's going to go.
• 13:31
  Speaker 1: 10% down?
• 13:35
  Speaker 2: 10% down. It's 1-1 so far in the month of September.
• 13:39
  Speaker 1: All right. All right, I've got to get dialed in.
• 13:42
  Speaker 1: This is for the bragging rights.
• 13:43
  Speaker 2: Trying to build this thing up.
• 13:45
  Speaker 3: For the bragging rights today. Okay. 10% down.
• 13:56
  Speaker 1: Man, I am not.
• 13:57
  Speaker 2: $ 28.
• 13:57
  Speaker 1: 75. I was thinking a.
• 14:05
  Speaker 4: Little higher because the rates are higher. I'm going $ 3, 000 even.
• 14:11
  Speaker 2: Wow. This one's pretty close. This one's pretty close. The
• 14:14
  Speaker 2: actual payment was $ 2, 999. And $ 13. Gusty gets it. Gets
• 14:21
  Speaker 2: it in a... Woo! Another win for the good guys.
• 14:25
  Speaker 2: Down to the wire. Down.
• 14:28
  Speaker 1: Hey.
• 14:29
  Speaker 5: Horseshoes and hand grenades.
• 14:30
  Speaker 2: Great job. Rarely do y'all get... Does my number fall
• 14:34
  Speaker 2: somewhere in the middle? You know what I mean? So
• 14:36
  Speaker 2: I'm like, but did I carry the two right?
• 14:39
  Speaker 3: Solid day.
• 14:40
  Speaker 5: Yeah, because you messed it up, you know.
• 14:42
  Speaker 4: I don't know.
• 14:42
  Speaker 5: You'll be like, what was his name?
• 14:44
  Speaker 2: Steve Harvey.
• 14:44
  Speaker 5: Steve Harvey with Columbia.
• 14:45
  Speaker 2: Yeah, Miss International. Yeah. Announced the wrong... In this world
• 14:49
  Speaker 2: or whatever.
• 14:50
  Speaker 1: Oh, Lord. God, I feel bad for that guy.
• 14:52
  Speaker 2: Hey, we've got– I don't feel bad for Steve Harvey.
• 14:54
  Speaker 1: No, you shouldn't. Yeah, yeah.
• 14:56
  Speaker 3: I'll trade bank accounts.
• 14:58
  Speaker 1: Yes.
• 14:58
  Speaker 2: 100%.
• 14:59
  Speaker 1: I could buy more investment properties. Yeah.
• 15:04
  Speaker 2: All right.
• 15:04
  Speaker 1: So we've got some VIP buyers. And so if you
• 15:10
  Speaker 1: are listening and have a home that meets some of
• 15:13
  Speaker 1: this criteria, please go to gustygoulasgroup.com or call or text 205. five, four,
• 15:19
  Speaker 1: two 1996. We've got somebody looking for a single level
• 15:24
  Speaker 1: in the Crestwood forest park or Avondale area up to 600,000.
• 15:28
  Speaker 1: We've got somebody looking in Shelby County, um, single level
• 15:32
  Speaker 1: with a personal pool. We've got actually two people looking
• 15:35
  Speaker 1: for this one up to three 50 and then one
• 15:38
  Speaker 1: up to 500,000. We've got somebody looking at, actually we
• 15:41
  Speaker 1: have multiple people looking in Homewood, uh, pretty much all
• 15:45
  Speaker 1: price ranges. Let's just be real. Um, If you have
• 15:49
  Speaker 1: a home in Homewood that you would like to sell,
• 15:50
  Speaker 1: give me a call. I've got people that are waiting ready.
• 15:54
  Speaker 1: And so I'd love to chat. Got somebody looking around
• 15:58
  Speaker 1: the Rocky Ridge Road area, up to $ 400, 000. And then
• 16:03
  Speaker 1: let's see. We've also got somebody looking for a three-bedroom,
• 16:06
  Speaker 1: two-bath in Huffman, Irondale, Leeds, or Moody, and under $ 210, 000. So...
• 16:16
  Speaker 1: If you have any of those homes, go to gustygoulasgroup.com.
• 16:20
  Speaker 1: Would love to chat with you about those.
• 16:22
  Speaker 3: All right. Hey, guess what time it is. That's right.
• 16:28
  Speaker 2: It's testimonial time.
• 16:31
  Speaker 1: Oh, man, we got some good ones today. This is
• 16:34
  Speaker 1: from Megan. Megan says, Richie was great to work with.
• 16:38
  Speaker 1: Our purchasing process was not the easiest and took much
• 16:41
  Speaker 1: longer than usual due to a complex situation on the
• 16:45
  Speaker 1: seller's part. But Richie stuck it out and stayed responsive
• 16:48
  Speaker 1: and attentive the entire time.
• 16:51
  Speaker 3: He's great.
• 16:52
  Speaker 1: All right. So, Megan, congratulations on the sale and purchase
• 16:56
  Speaker 1: of your new home. And Richie, congratulations on another five-star review.
• 17:03
  Speaker 3: All right, and this is what Jacob says. Jacob says,
• 17:06
  Speaker 3: Kyle was amazing to.
• 17:08
  Speaker 1: Work with in every way. He made the whole process
• 17:11
  Speaker 1: easy and made sure to be available anytime I needed
• 17:13
  Speaker 1: a question answered. I would 100% recommend him to everyone
• 17:18
  Speaker 1: and wouldn't want to do this process without him. Jacob,
• 17:20
  Speaker 1: congratulations on your new home. And Kyle, congratulations on another
• 17:25
  Speaker 1: five-star review.
• 17:28
  Speaker 3: And last but not least today, how about.
• 17:29
  Speaker 1: All these five stars?
• 17:30
  Speaker 2: I bet I know where this is going.
• 17:32
  Speaker 1: Victoria says, Edwin helped us tremendously in the purchasing of
• 17:36
  Speaker 1: our condo. He was very kind, attentive, and helped explain
• 17:40
  Speaker 1: everything with ease. We are so thankful for his generosity
• 17:44
  Speaker 1: in helping this process go as smoothly as possible. Best
• 17:47
  Speaker 1: real estate agent out there. Oh, man. Love to hear that.
• 17:50
  Speaker 3: Victoria, congratulations on your new condo. And Edwin, congratulations on.
• 17:55
  Speaker 2: Another five-star review.
• 17:58
  Speaker 3: How about three of them this week? Let's go.
• 18:02
  Speaker 1: All right.
• 18:02
  Speaker 3: Y'all stay tuned.
• 18:03
  Speaker 1: We're going to talk about what we're seeing in interest rates,
• 18:06
  Speaker 1: the market, right here on Ball Burn and Sold. Stay tuned.
• 18:10
  Speaker 1: All right. Welcome back to Ball Burn and Sold. Thanks
• 18:12
  Speaker 1: again for joining us each and every Sunday morning here on... 105.5.
• 18:18
  Speaker 1: I was telling some folks at the football fields, we
• 18:23
  Speaker 1: were talking about earlier about me doing the announcing, and
• 18:26
  Speaker 1: I was like.
• 18:27
  Speaker 3: I got a radio show. You should listen.
• 18:30
  Speaker 1: So, hey, I'm thinking this Sunday, I think we're adding
• 18:34
  Speaker 1: some listeners today.
• 18:35
  Speaker 2: They better.
• 18:36
  Speaker 1: So we're adding some listeners. Very happy. So shout out
• 18:41
  Speaker 1: to my newly added... listeners or our newly added listeners today. So, um, yeah.
• 18:48
  Speaker 1: So they get, they get to hear all the good
• 18:50
  Speaker 1: stuff about the interest rates, real estate market.
• 18:54
  Speaker 3: And, uh, it's been an eventful week, huh?
• 18:56
  Speaker 4: Yeah.
• 18:57
  Speaker 2: A little bit.
• 18:57
  Speaker 3: So, so tell us any, uh, good or bad news.
• 19:00
  Speaker 1: Okay.
• 19:01
  Speaker 3: Interest rates.
• 19:02
  Speaker 2: Yeah. Yeah.
• 19:02
  Speaker 3: Brad Smith would cross country mortgage.
• 19:05
  Speaker 2: Brad Smith.
• 19:06
  Speaker 1: That's me.
• 19:06
  Speaker 2: That's me.
• 19:07
  Speaker 1: Um, so I think I failed to introduce you in
• 19:10
  Speaker 1: the first segment.
• 19:10
  Speaker 2: I don't know if you did or didn't. I just,
• 19:11
  Speaker 2: I just know that I'm always, I'm here. And so,
• 19:14
  Speaker 2: you know, if you listen to this show, I've been
• 19:16
  Speaker 2: here enough now, I think.
• 19:17
  Speaker 1: Yeah. I'm good. I'm good.
• 19:18
  Speaker 2: Cool. So we had a Fed meeting this past week.
• 19:23
  Speaker 2: They did increase the Fed number by a quarter.
• 19:27
  Speaker 1: Okay.
• 19:28
  Speaker 2: They're likely to make one more hike before the end
• 19:31
  Speaker 2: of the year.
• 19:31
  Speaker 1: Okay.
• 19:33
  Speaker 2: So, you know, none of that's good for mortgage rates
• 19:36
  Speaker 2: necessarily on the initial announcement of it, you know. But-
• 19:42
  Speaker 2: I mean, I think everybody knew it was coming. So, again,
• 19:46
  Speaker 2: you know good and bad sometimes when they we think
• 19:48
  Speaker 2: they're gonna announce a drop we hope for more it's
• 19:50
  Speaker 2: going to come down more and we're like we've already
• 19:52
  Speaker 2: factored it in yeah same thing with this kind of
• 19:55
  Speaker 2: already factored into what we were looking at um but
• 19:59
  Speaker 2: i mean we had a couple other kind of just
• 20:01
  Speaker 2: negative things that kind of turned it But then, I mean,
• 20:04
  Speaker 2: but then oil started to come down a little bit more,
• 20:07
  Speaker 2: but bonds are falling faster than oil by the end
• 20:09
  Speaker 2: of the week, which was not expected or seen coming. So,
• 20:14
  Speaker 2: you know, so we've actually had a little bit of
• 20:16
  Speaker 2: a rally in the bond market where mortgage rates have
• 20:18
  Speaker 2: had some benefit here in the last end of the week. So, like,
• 20:22
  Speaker 2: we're still sitting higher than we have been in a while.
• 20:26
  Speaker 2: We're higher than we were when we did this show
• 20:27
  Speaker 2: last week.
• 20:28
  Speaker 1: Okay.
• 20:28
  Speaker 2: But we were higher during this week than we are now.
• 20:31
  Speaker 4: Okay.
• 20:32
  Speaker 1: Yeah.
• 20:33
  Speaker 2: If that makes any sense. Yeah. So we've had a
• 20:35
  Speaker 2: lot of stuff change in that seven days where it's
• 20:38
  Speaker 2: kind of like, so we've had some positive news to
• 20:40
  Speaker 2: end the week. Bonds are rallying a little bit. They're
• 20:42
  Speaker 2: getting closer to back to a one-to-one ratio with the
• 20:44
  Speaker 2: oil price dropping, which they had gotten a little off
• 20:46
  Speaker 2: skew there. That's all lining back up. I think some
• 20:51
  Speaker 2: people wanted to see the Fed increase the rates and
• 20:54
  Speaker 2: then put money back in the bond market. So it's
• 20:56
  Speaker 2: kind of had an inverse reaction for some folks. They're like, hey,
• 20:59
  Speaker 2: Quit burying your head in the sand. We think we
• 21:01
  Speaker 2: need to go up until we get this oil thing
• 21:02
  Speaker 2: figured out and inflation figured out. We better have the
• 21:05
  Speaker 2: rates up and ready and just in case. And so
• 21:09
  Speaker 2: I think the markets responded to it pretty well. And again,
• 21:12
  Speaker 2: we got a little bit of a rally where bonds
• 21:14
  Speaker 2: are trading a lot better than they were. And so
• 21:17
  Speaker 2: I'm hoping we see that going into the week and
• 21:19
  Speaker 2: continue to where we should continue to get some relief
• 21:22
  Speaker 2: off of everything else going on with employment, inflation, war
• 21:26
  Speaker 2: in Iran. You know, and Fed meetings. So I'm hoping
• 21:31
  Speaker 2: that we're going to continue to kind of rally and
• 21:33
  Speaker 2: get that going.
• 21:33
  Speaker 1: Right, right. That would be nice. I would appreciate that. Yeah, anything,
• 21:39
  Speaker 1: you know, I mean, so can you say a ballpark,
• 21:42
  Speaker 1: like a 30-year fixed ballpark?
• 21:44
  Speaker 2: Seven and a quarter. Seven and a quarter. 7.25-ish.
• 21:47
  Speaker 1: Yeah, yeah. That's disappointing.
• 21:50
  Speaker 2: I know, I know, I know, I know. But I
• 21:53
  Speaker 2: do think we're going to get a couple of, I
• 21:55
  Speaker 2: do think that the, the rates didn't jump with the
• 21:59
  Speaker 2: bonds as quickly as the bonds reacted to some of
• 22:02
  Speaker 2: this stuff. So I think, you know, there'll be some settlement.
• 22:05
  Speaker 2: I think early in this, early this week, we'll start
• 22:08
  Speaker 2: seeing some relief and at least getting it back down
• 22:10
  Speaker 2: to hopefully to seven.
• 22:11
  Speaker 1: Yeah.
• 22:12
  Speaker 2: Where we were.
• 22:12
  Speaker 1: I feel like seven can be kind of a magic
• 22:14
  Speaker 1: number for people.
• 22:15
  Speaker 2: Yes.
• 22:16
  Speaker 1: Where people are like, ah, you know, I really need
• 22:18
  Speaker 1: it to be under this. And, um, you know, I
• 22:21
  Speaker 1: think it, it, there is some psyche about, you know.
• 22:27
  Speaker 2: Those whole first numbers are significant.
• 22:30
  Speaker 1: Yes. Yeah. I mean, God, can we just, like, rewind
• 22:34
  Speaker 1: back to February and get those 599s back? Man, what
• 22:39
  Speaker 1: a difference.
• 22:39
  Speaker 2: We were so close.
• 22:40
  Speaker 1: God, what a difference. But, you know, this also tells you, like,
• 22:43
  Speaker 1: if you're out and about taking a look at houses,
• 22:46
  Speaker 1: what a difference it is. I mean, it almost feels
• 22:49
  Speaker 1: like playing the stock market. Like, you're making investments.
• 22:51
  Speaker 2: 100%.
• 22:53
  Speaker 1: And really these bondsmen are making investments. This is what
• 22:57
  Speaker 1: they're willing to, you know, do mortgages at. And that's
• 23:01
  Speaker 1: how they're loaning you money.
• 23:02
  Speaker 2: A hundred percent.
• 23:03
  Speaker 1: So, you know, they're playing this, you know, a game.
• 23:07
  Speaker 2: It's all a game. It's all maneuvering and shifting and
• 23:12
  Speaker 2: tones and everything else that go with it.
• 23:15
  Speaker 3: Well, and I like cash buyers too, by the way.
• 23:17
  Speaker 1: I know you don't, but I love cash buyers and,
• 23:21
  Speaker 1: you know, it doesn't really matter what the rate is
• 23:24
  Speaker 1: when they're a cash buyer.
• 23:25
  Speaker 2: I love cash buyers. I just can't do anything for them.
• 23:29
  Speaker 2: I don't mind them at all.
• 23:30
  Speaker 3: If I was in the mortgage business, I wouldn't like them.
• 23:32
  Speaker 2: I wish I had more friends that had that much cash.
• 23:35
  Speaker 1: Well, man, you got plenty.
• 23:36
  Speaker 2: Let me hold something.
• 23:37
  Speaker 1: You got plenty of that. Anyways, well, thanks so much
• 23:39
  Speaker 1: for joining us this week. We hope you stay cool.
• 23:43
  Speaker 1: And thanks for always listening. Yeah.
• 23:46
  Speaker 3: It's always fun to do this show. John, Brad, thanks
• 23:49
  Speaker 3: so much.
• 23:49
  Speaker 2: Thanks for having me every week.
• 23:50
  Speaker 1: Appreciate y'all.
• 23:51
  Speaker 3: And yeah, we'll catch you next time.
• 23:53
  Speaker 1: Peace.