Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
All right, welcome to Bart and Soul. Thanks so much
for joining us. We got hanging in the studio Bradsmith
with Cross Country Mortgage Bradsmithlans dot com. What's up, Brad?
How are you, buddy?
Speaker 2 (00:12):
Man? I'm great? How about you, man?
Speaker 1 (00:14):
I'm doing good, doing good. It is a spring break.
It is spring break, so hopefully you are traveling or
have found your place and enjoying a maybe a week
wherever you may be. We're headed to Cape Sandblass nice,
so really excited. We're going with some friends of ours
(00:38):
and taking the kids and man, it's gonna be nice
to hang out at the beach for a week.
Speaker 2 (00:44):
I bet what's you all going to do for spring right? Nothing?
Speaker 1 (00:47):
Nothing?
Speaker 2 (00:47):
Hang around here. I think we've got some friends that
have a little lake cast like off on the Kusa
and Nealli Henry Lake that gonna go up there and
hang out for a couple of days. Let the kids
fish and do that. I'll probably just go back and forth,
so you know, just and low. You know, we I
have back I have kids on back to back spring breaks.
So yeah, so Georgia, Georgia is all next week, I
(01:10):
mean the week, yeah, full week after so I'll kind
of get them and go anyway. So it's it's always
so it's kind of fun. It is fun, but uh
so I have to kind of manage that. I bet
when it's back to back like that. But no, I
mean it's it's gonna be a little chilly this week,
I think, for for for your for your beach trips,
but it's gonna be I think it's gonna be nice
during the day, but you're it's gonna be a little cool,
(01:32):
but it's gonna be. It should be nice. Well then
crazy weather hopefully.
Speaker 1 (01:36):
Yeah, yeah, you know, I think I am I do
not like cold weather. I there's just something about it
that it just does not work for me. And uh,
I'm very just get super cold very easily. And it's
kind of a running joke around our house, like I
could definitely have like the average temperature at like seventy
(01:57):
two seventy three in our house and Kate he's like
sixty eight.
Speaker 2 (02:02):
Yeah. I have always been very hot natured, had no
always welcomed very cold weather, loved it in the past
two or three years, age or what, Yeah, I am
always cold. I mean I am fault.
Speaker 1 (02:20):
I think age does have to because I would wear.
Speaker 2 (02:23):
I would wear shorts to a football game at thirty
four degrees outside and be fine. Now if it's fifty,
I'm like, god's cold out here, not these days, and
dry some gloves. Yeah, so so we got so anyways,
I am ready for it to warm up a little bit.
Speaker 1 (02:37):
Good, well, cool, well man, busy week, selling season.
Speaker 2 (02:43):
Selling season. Business does not start. Doesn't stop the spring break,
does it.
Speaker 1 (02:47):
It does not stop. So, hey, we've got an open
house this afternoon that we're going to talk about. We've
got three new listings this week. We've got some coming soons.
I think it looks like we've got three coming soons
for next week. So I think it's time of I
think we should.
Speaker 2 (03:02):
Play the game. Let's go, let's just jump right, let's
get it going.
Speaker 1 (03:05):
Let's get it going. Brad, please let our amazing listeners
the rules of the game, the mortgage game.
Speaker 2 (03:12):
Listen. This game is. You know, we got March Madness
going on, which is its own little bracket thing. But
nothing is as competitive or as important as this game
right here. Okay, So so Gussy's going to go through
the houses they've got today that we're going to talk about,
and then he's gonna give us the purchase price after
it gives the description. I'm gonna give a potential down
payment that a borrower may make to purchase that home.
And then John mount Say and Gusty Gillis will guess
(03:34):
the thirty year fixed mortgage principal interest only payment. So
we are gonna get going. Gusty, I think we've got
some good properties today. We're always good, but let's say
some some higher dollar one's coming.
Speaker 1 (03:48):
We got we got some very nice properties. Nice, that's funny.
We just closed on some. We had some folks from
Bulgaria that bought a house recently, and it's so funny
like listening to their their dialect and language, and I
(04:10):
just I'll adore these folks and they he definitely sounded
kind of like borat. He's like Gusty, oh boy, and
I just you know, sometimes I just can't help myself
and I'd be like.
Speaker 3 (04:25):
This house is ver nice?
Speaker 2 (04:28):
What did you get much reaction from that? Or do
you kind of laugh with you or just kind of
went with it?
Speaker 1 (04:33):
Literally just went with it. So he had no idea,
And but I totally loved the guy. And again, wait
to see him again.
Speaker 2 (04:41):
He's going off the rails early. I love it. All right.
Speaker 1 (04:45):
Hey, we've got our first new listing of the week.
It's actually going to be open this afternoon from two
to four. This is in Liberty Park. It is eight
twenty Reynolds Crest. This was built in two thousand and two.
Five bedrooms, four and a half baths on a half
acre lot. This is actually part of the lot is
actually on one of the lakes in Liberty Park, which
(05:05):
is pretty cool. Thirty six hundred and eighty three square
feet on your main two levels. Another thirteen hundred and
fifty four square feet finished in the basement. And we
are asking eight ninety nine nine, eight ninety nine to
nine in Liberty Part. And this listing is courtesy of
Riley Wood. So Riley, congratulations on your new listing. You
(05:29):
see Riley today two to four.
Speaker 2 (05:31):
I have I saw him post that one on Facebook
for their day. I think is sharp and that back
that back view of the lake part. But it's gets
pretty cool now. Need to check that one out anyways.
All right, eight ninety nine to nine, you say ten
percent down, ten percent down down and that would still
be under a jumbo now.
Speaker 1 (05:47):
Is that right?
Speaker 2 (05:49):
Okay, right at it. Let's see having to do some
different a couple extra olculations here.
Speaker 3 (06:01):
Yeah, not just carry the one, carry the two or
the three.
Speaker 2 (06:04):
Yeah, yeah, we got multiple multiples here.
Speaker 1 (06:07):
Man, man alive?
Speaker 2 (06:11):
All right?
Speaker 1 (06:14):
I think I got it. Five thousand, four hundred and
seventy one dollars.
Speaker 3 (06:25):
That sounded very very specific.
Speaker 2 (06:27):
He's keeping the one thing going on.
Speaker 1 (06:28):
I am keeping the one thing going Okay.
Speaker 4 (06:30):
I'm I was thinking like in like in the high
four thousands, but since you broke five, I'm gonna at
least say.
Speaker 3 (06:39):
Five thousand, even.
Speaker 2 (06:41):
The actual payment is five one and nineteen dollars. John
Mounts gets around one. Get that man, amazing dollar house.
Speaker 3 (06:48):
Ie Squirrel even gets the nuts sometimes.
Speaker 2 (06:52):
That man a million dollar house. All right.
Speaker 1 (06:55):
Our next one is in Huey Town, thirty one seventeen
ash Wood Road. This was built in nineteen sixty on
a half acre lot. Two thousand and seventy square feet
on the main level, another twelve hundred and sixty square
feet finished in the basement. We're asking two hundred and
forty six thousand and this This property is a little
unique because you can actually it can also kind of
(07:17):
be a duplex So if you want to have like
an in law in the same house, or you know
a kid that have their own kind of you know,
den area, whatnot.
Speaker 3 (07:25):
Lock the kid in the other sit part of the
house and you spend your time in this.
Speaker 1 (07:28):
Yeah. Yeah, I mean I think that's totally fine. So yeah, yeah.
Thirty one seventeen Ashwood Road to forty six. This listing
is courtesy of Alita Piedra. So, Alita, congratulations on your
new listing.
Speaker 2 (07:40):
Uh, congrats Alita. To forty six.
Speaker 1 (07:43):
You said, I said two forty six, forty.
Speaker 2 (07:45):
Six, five percent down, five percent, five percent down, John,
you get to go first.
Speaker 3 (07:52):
Uh, two forty six, five percent down. This twelve thousand,
so I don't know. Fourteen fourteen why not?
Speaker 1 (08:09):
How much down? Five percent five percent. I'm gonna say
fifteen hundred bucks.
Speaker 2 (08:15):
Fifteen hundred for Gusty. The actual payment was fourteen hundred
and seventy seven dollars. Gusty gets round two. Close. Man,
I would have won.
Speaker 3 (08:23):
It was prices right rules. I would have won.
Speaker 2 (08:25):
You would have won. He went over. But it's not.
Speaker 1 (08:29):
It's not our next I'm next listing. It's one thirty
two Lorena Lane. This is in the Crest Line neighborhood
of Mountain Brook. This was built in nineteen fifty. This
home is four bedrooms, two baths. It's a little under
fifteen hundred square feet on the main another five hundred
(08:50):
and fifty square feet finished in the basement. This home
pretty much has been fully renovated in the last seven
to eight years. The only thing that really hadn't been
touched here is like the second bath, which kind of
has that classic timeless by all that we just don't change.
Speaker 3 (09:07):
So uh, this home.
Speaker 1 (09:09):
Is is gorgeous courts, countertops, stainless appliances, one car, garage, screen, porch,
fenced yard, level yard, bam eight Mountain Brook.
Speaker 2 (09:23):
I that's that's that's a tough that's tough to beat
right there, all right? Eight? Yeah, twenty percent down, Yeah,
twenty percent down. This is the last property of the day.
It is one to one. This is I mean, it
is Mark's madness. This is where the madness could could
really throw off some brackets right here.
Speaker 3 (09:45):
Goes I'm like a fifteen seed.
Speaker 1 (09:46):
I didn't do a bracket this year. I just just
could just you know, I.
Speaker 2 (09:50):
Meant the mortgage game bracket.
Speaker 1 (09:52):
Too much going on, too much going on in the world. Yeah,
all right, you said twenty percent. That's a lot. It
is a lot, man, let's go with hmm.
Speaker 3 (10:11):
Wow.
Speaker 1 (10:12):
I feel like I need like a time limit.
Speaker 2 (10:15):
So I just ask y'all what the loan amount would
it be? Well, that's what I'm trying to figure out.
Speaker 1 (10:19):
Like I'm just like, oh, Man, no, you don't, you're
You're fine, forty five hundred.
Speaker 2 (10:28):
Dollars forty five hundred for gusty.
Speaker 4 (10:31):
Because I see that's like seventeen it's like one hundred
and seventy thousand off of that eight point fifty so
seven eighty six. So yeah, I'll go, I'll go forty.
Speaker 2 (10:44):
Two, forty two, forty two forty two. The actual payment
was forty two ninety eight. John mountains always, I mean,
go to break this out by very nice Joe. Okay man, John,
y'all can see in the studio the streamers.
Speaker 3 (11:05):
Go, oh, it's incredible.
Speaker 2 (11:07):
I never thought this is.
Speaker 3 (11:08):
Like this cop that I have received.
Speaker 1 (11:10):
This is beautiful, John, This is uh, this is the
first time in a while.
Speaker 2 (11:14):
How heavy is that crown? John, How heavy is that crown?
Speaker 1 (11:18):
Look out? Well, congratulations John, good job today, very good job.
I may have found a replacement to lead the gusty
Gillis John mounts.
Speaker 4 (11:30):
Hey.
Speaker 1 (11:31):
We've got some other coming soons. We've got fifteen oh
eight Shady Oak Circle in the Grayson Valley area coming
up for one nine. This one's three bedrooms and three
baths we've got with a finished basement. We've got one
coming up in the Grant's Mill Valley area fourteen twenty
nine Valley Trace, three bedrooms, two baths, thirteen hundred square
(11:51):
feet for three forty nine. In the last, but not least,
fifteen oh four Shades Point Circle in the Shades Point
neighborhood of Hoover, twenty and seventy two square feet on
the main two levels. We've got a finished basement four
four thirty nine nine coming up in Hoover. So we've
(12:12):
got we've got some really good things. I know, we've
got some stuff coming in Mcallough. I know we've got
some stuff coming in Homewood. We've got kind of, you know,
some things, a little bit Vestavia, a little bit everywhere.
So we do have some immediate buyer needs. We've got
we've got a family looking for a home in Vestavia
up to six hundred. I've got two families looking in
Homewood up to six hundred. I've got a couple of
(12:34):
families looking up to one point five million in Homewood,
specifically Edgewood Elementary. And we've got somebody looking in the
Hoover and Bluff Park area up to four fifteen four fifteen.
So Brad, guess so what time it is? That's right,
(12:55):
that's right, cemonial time. Well is that me?
Speaker 2 (13:03):
It was me being goofy. Sorry, well I'm in a
silly mode. So that's right. I did that right part
just to jump in, I know what is happening here.
I was like, yeah, I knew what I was doing.
But anyways, this is art spot. Okay, we don't really rehearse. Hey,
we're going to give this shout out to TJ today.
TJ was an absolutely fantastic realtor. We hit a pretty
(13:27):
big speed bump in our process with a seller, and
he was able to navigate everything so smoothly that it
barely felt like a bump in the road, even though
it was a pretty catastrophic earthquake that could have destroyed
the entire deal.
Speaker 3 (13:41):
How about that he was so.
Speaker 1 (13:43):
Kind and caring of my wife and I really made
the process, smooth and based on what we wanted. If
someone asked me who would be a good recommendation for
a realtor, I would say t J Cunningham every single
Time's so thank you so much for the opportunity to
sell your property. And TJ congratulations on.
Speaker 3 (14:03):
Another five star review.
Speaker 2 (14:07):
That felt like we were back in the swinging things together.
Yeah yeah, yeah, Hey, I got one more. Let's go.
Speaker 1 (14:12):
My wife and I had the opportunity to work with
Walker as first time home buyers. We envisioned the home
purchase process to be a nightmare wow. However, he took
the time to walk us through houses that met our needs,
answer questions, and build a strong relationship. This made us
very comfortable through each step and decision. People do business
with people they like. We are beyond thankful to work
(14:35):
with Walker, and we are extremely excited to live in
our homes. So congratulations on your new home and Walker,
congratulations on another five star review. All right, there we
go a couple of couple of five stars added to
the tally ten stars today that it literally is seven stars.
(14:57):
All right, hey, we're gonna head to break, y'all, stay tuned.
We're going to give you a little bit of update
on what we're seeing in the real estate and mortgage
world right here on Bought, borrowed, and Sold. All right,
welcome back to Bob bart and Sold again. Thank you
so much for joining us each and every Sunday right
here on one oh five five at eight a m.
(15:18):
And you can always go back and listen to our
previous shows on the iHeartRadio app. So uh. And you
know they've got this like talk back mic that you
can go in there and if you ever want to
ask a question, you know, you could totally do that
and then we could answer, you know, any questions that
you might have.
Speaker 4 (15:34):
Yeah, if you're listening on the app, they just to
the right of the play button is a little tiny
picture of microphone. You have up to thirty seconds say
anything you want and we can hear it, we can
play it back and we can respond.
Speaker 2 (15:46):
Yep, please use that. I would love to bring in
some stuff.
Speaker 3 (15:49):
It's great. We use it all the time with JT
on the Morning Show.
Speaker 2 (15:52):
And yeah, challenge to the listener, somebody do it please,
and you don't have to do it in real time.
You can do it in real time or you can
do it with the podcast. It works on both awesome.
Speaker 1 (16:00):
I love it.
Speaker 2 (16:00):
I love it.
Speaker 1 (16:02):
Well cool, let's see, Okay, Well, I want to kind
of give give some updates on what we're seeing in
the market, both in the real estate world and in
the mortgage world, and so well, first off, I wanted
to give some shout outs to our agents, and so
I got to pull up our list of contracts over
(16:23):
the past week. I want to give some special shout outs.
Kyle Bedgood, Riley Wood, Ashley Stags, and John Riddle would
two contracts this week. So all of those except for
John had one and then John had two contracts. So
congratulations everyone on your new contracts over the last week.
So we love contracts, don't we. Brat love contracts. We
(16:46):
love contracts. So yeah, we've seen. I also put one
under contract that was a property in Highland Park, a
condo in Hoghland Park. And this was actually the I
guess it was the third home or third condo. We
had made an offer on the first one. We failed
(17:12):
to get it. We were up against a cash offer,
and so the cash offer prevailed, and then the second offer,
I guess we submitted it, but my buyer got a
little cold feet.
Speaker 2 (17:23):
Yeah, she slept on it.
Speaker 1 (17:24):
The next morning, was like, you know, I don't I
saw the payment. I just don't feel super comfortable with it.
And I said, hey, you know, I don't have to
make your mortgage payment, so I totally understand, like hey,
and she was like all, you know, apologizing to me.
And I was like, look, this is this is your
this is your future. Like you're signing a you're signing
an agreement for thirty years exactly.
Speaker 2 (17:43):
You know.
Speaker 1 (17:44):
I was like, whatever I can do to help you,
I'm here. And so you know, through that process, we
kind of we revisited our budget and we ended up
coming down in her price range where she felt comfortable,
and we found her a really cool place a condo
kind of an old in a old historic condo complex.
Super super cool and and and y'all are y'all are
(18:07):
doing the financing on it.
Speaker 2 (18:08):
Yeah, I think that's one of the has been working
on and and going. So that's been that's been good.
And I'm kind of looking at the different condo stuff,
which is pretty pretty pretty clean, so all that. So yeah,
I'm glad, glad y'all were able to get that one
under contract and get that one moving forward.
Speaker 1 (18:23):
Yeah, absolutely for sure. It's so we're seeing movement in
all areas. We've had, uh, like the Mountain Brook house.
We've had multiple showings on it, and I expect multiple
offers on that one. And you know, I mean multiple
offers is a thing.
Speaker 2 (18:44):
It's a thing.
Speaker 1 (18:44):
It's a thing again it is, and you know, that
was out. I've had some folks come in from from
Atlanta looking at houses this past week and we were
kind of looking all over, I mean from Trustful to Crestwood,
uh to Homewood, I mean the south Side. We were
looking all over and the the inventory for this lady's
looking for something specific. She needs a she needs a
(19:07):
a level entry. She's got some some help things going on,
and so she's like she's got to have some level entry.
And that's kind of difficult for Birmingham very since we're
so you know, our terrain is hilly, so we've had
to really find some right places. And she likes older houses,
she likes older architecture. So I'm trying to, you know,
(19:28):
try to find something with as little steps as possible.
And we found a few options. So but it's been
interesting being out and about and really seeing where the
market's at and it's I'm seeing great things. Like if
you're a seller right now, like you're probably very happy. Yes,
if you're a buyer right now, I mean there's there's
(19:49):
definitely some difficult uh there, there's some strategies to try
to get your offer in the best position possible. But
I mean there's a lot of buyers that are out
there right now. And and so you know, if you're
you're kind of sitting on the sidelines, you've been thinking
about maybe selling that house. I mean, I really would
encourage you to go to Gustygulisgroup dot com or caller
text two five five four two nineteen ninety six, and
(20:12):
we can at least kind of have a conversation and
build a plan of action together about your home. It
might be the perfect time to put your house on
the market. But we've also got we've got folks that
are just say, like, if you brought me a deal,
I I'd entertain it. So we have our kind of
off market lists, right because we have people that just
(20:33):
don't want to go to market. Yeah, so we're putting
the puzzles again behind the scenes. So what have you
been seeing over the last week?
Speaker 2 (20:41):
Yeah, I mean we're seeing we're seeing things pick up
or you know, the phone calls are there. We are
seeing more people get under contract. We're having some folks
that we'd reapproved, you know, month two months ago, that
maybe maybe some stuff hadn't fully hit the market, you know,
over the winter and early end of this year that
hadn't come on the market. But now that you know,
it's that spring season's coming, more listings are coming up.
We're getting multiple offers, but now there's more that there.
(21:03):
People are finding more things they may have been interested
in as that as that inventory pool continues to grow.
So we are seeing more more folks get under contract.
Rates are still China trying to keep coming back down
a little bit, you know, is one of the thing
on the mortgage game. I was surprised nobody asked me, Hey,
what about what rates are we looking at today? So
I'd moved those down a little bit from last week.
(21:23):
So even while we were a little high a couple
of times, and y'all normally asked, nobody did. But so
we got John. We've had some we've had some decent
financial news there and had some FED had some decent
movement after the FED meetings this past week. I think
there's some there's some you know, with what we've talked
about here, some maybe some slowing down on your on
(21:44):
your total sales and your goat gross domestic products, which
is kind of adjusting some of that. So so yeah,
I mean I think I've been excited and think there's
a lot of opportunity out there. Hey can I can
I make one small call to action myself?
Speaker 1 (21:59):
Yeah.
Speaker 2 (22:00):
Here, if you're out there riding around and you own
a home, don't own a home, thing about buying a home.
You've got a financial advisor, you don't have any finances,
you've got two hundred dollars in your account, go to
Bradsmith loons dot com and just go to free rate
quote and fill that out. Let's talk about like I'm
really wanting to like really go backwards and really look
at the full financial makeup and helping people maximize the
(22:23):
money they have to increase their net worth. So if
you have no net worth because you don't own anything,
let's look and see what maybe we could do for there.
If you have a lot of networth, there may be
some other things you could do with your house to
help you structure and get increase your net worth by
leveraging the house some more. So there's some interesting things there.
So I would I would like to say, if you want,
if you would like to see kind of how it
all ties together or how you could improve your net
(22:45):
worth or start your networth, let's just go to Bradsmithons
dot com, do the free rate quote button, and then
we can talk and kind of see what maybe maybe
what a house could do for your networth or your
current house, how it may not be working for you
and it could.
Speaker 1 (23:00):
Man, what a difference. I mean, I wish I would
have bought a house earlier. I wish I would have
bought a house every two years, like was recommended to
me when I was younger. I mean, you know, you
look back, I'm I'm rolling into twenty years in this
business next year, and you know you look back, you're like, man,
(23:21):
I wish I would have done this, or I wish
I would have done that, and you know, buy the
house earlier, investing in real estate earlier would have definitely
been like number one.
Speaker 2 (23:30):
Yeah. And I think that's where it's like we're getting
this walk, you're looking about the house, getting a call. I
think there's there's a lot deeper things where the house
is usually a lot times your largest investment. So I
think bringing in the full financial pictures here you like it.
Speaker 1 (23:41):
We got two websites gustyguliscriup dot com, bradsmithlones dot com.
We hope you have an amazing spring break. Please come
back next time use the mic app. We appreciate it.
Y'all take care, have a wonderful week.
All right, welcome to Bart and Soul. Thanks so much
for joining us. We got hanging in the studio Bradsmith
with Cross Country Mortgage Bradsmithlans dot com. What's up, Brad?
How are you, buddy?
Speaker 2 (00:12):
Man? I'm great? How about you, man?
Speaker 1 (00:14):
I'm doing good, doing good. It is a spring break.
It is spring break, so hopefully you are traveling or
have found your place and enjoying a maybe a week
wherever you may be. We're headed to Cape Sandblass nice,
so really excited. We're going with some friends of ours
(00:38):
and taking the kids and man, it's gonna be nice
to hang out at the beach for a week.
Speaker 2 (00:44):
I bet what's you all going to do for spring right? Nothing?
Speaker 1 (00:47):
Nothing?
Speaker 2 (00:47):
Hang around here. I think we've got some friends that
have a little lake cast like off on the Kusa
and Nealli Henry Lake that gonna go up there and
hang out for a couple of days. Let the kids
fish and do that. I'll probably just go back and forth,
so you know, just and low. You know, we I
have back I have kids on back to back spring breaks.
So yeah, so Georgia, Georgia is all next week, I
(01:10):
mean the week, yeah, full week after so I'll kind
of get them and go anyway. So it's it's always
so it's kind of fun. It is fun, but uh
so I have to kind of manage that. I bet
when it's back to back like that. But no, I
mean it's it's gonna be a little chilly this week,
I think, for for for your for your beach trips,
but it's gonna be I think it's gonna be nice
during the day, but you're it's gonna be a little cool,
(01:32):
but it's gonna be. It should be nice. Well then
crazy weather hopefully.
Speaker 1 (01:36):
Yeah, yeah, you know, I think I am I do
not like cold weather. I there's just something about it
that it just does not work for me. And uh,
I'm very just get super cold very easily. And it's
kind of a running joke around our house, like I
could definitely have like the average temperature at like seventy
(01:57):
two seventy three in our house and Kate he's like
sixty eight.
Speaker 2 (02:02):
Yeah. I have always been very hot natured, had no
always welcomed very cold weather, loved it in the past
two or three years, age or what, Yeah, I am
always cold. I mean I am fault.
Speaker 1 (02:20):
I think age does have to because I would wear.
Speaker 2 (02:23):
I would wear shorts to a football game at thirty
four degrees outside and be fine. Now if it's fifty,
I'm like, god's cold out here, not these days, and
dry some gloves. Yeah, so so we got so anyways,
I am ready for it to warm up a little bit.
Speaker 1 (02:37):
Good, well, cool, well man, busy week, selling season.
Speaker 2 (02:43):
Selling season. Business does not start. Doesn't stop the spring break,
does it.
Speaker 1 (02:47):
It does not stop. So, hey, we've got an open
house this afternoon that we're going to talk about. We've
got three new listings this week. We've got some coming soons.
I think it looks like we've got three coming soons
for next week. So I think it's time of I
think we should.
Speaker 2 (03:02):
Play the game. Let's go, let's just jump right, let's
get it going.
Speaker 1 (03:05):
Let's get it going. Brad, please let our amazing listeners
the rules of the game, the mortgage game.
Speaker 2 (03:12):
Listen. This game is. You know, we got March Madness
going on, which is its own little bracket thing. But
nothing is as competitive or as important as this game
right here. Okay, So so Gussy's going to go through
the houses they've got today that we're going to talk about,
and then he's gonna give us the purchase price after
it gives the description. I'm gonna give a potential down
payment that a borrower may make to purchase that home.
And then John mount Say and Gusty Gillis will guess
(03:34):
the thirty year fixed mortgage principal interest only payment. So
we are gonna get going. Gusty, I think we've got
some good properties today. We're always good, but let's say
some some higher dollar one's coming.
Speaker 1 (03:48):
We got we got some very nice properties. Nice, that's funny.
We just closed on some. We had some folks from
Bulgaria that bought a house recently, and it's so funny
like listening to their their dialect and language, and I
(04:10):
just I'll adore these folks and they he definitely sounded
kind of like borat. He's like Gusty, oh boy, and
I just you know, sometimes I just can't help myself
and I'd be like.
Speaker 3 (04:25):
This house is ver nice?
Speaker 2 (04:28):
What did you get much reaction from that? Or do
you kind of laugh with you or just kind of
went with it?
Speaker 1 (04:33):
Literally just went with it. So he had no idea,
And but I totally loved the guy. And again, wait
to see him again.
Speaker 2 (04:41):
He's going off the rails early. I love it. All right.
Speaker 1 (04:45):
Hey, we've got our first new listing of the week.
It's actually going to be open this afternoon from two
to four. This is in Liberty Park. It is eight
twenty Reynolds Crest. This was built in two thousand and two.
Five bedrooms, four and a half baths on a half
acre lot. This is actually part of the lot is
actually on one of the lakes in Liberty Park, which
(05:05):
is pretty cool. Thirty six hundred and eighty three square
feet on your main two levels. Another thirteen hundred and
fifty four square feet finished in the basement. And we
are asking eight ninety nine nine, eight ninety nine to
nine in Liberty Part. And this listing is courtesy of
Riley Wood. So Riley, congratulations on your new listing. You
(05:29):
see Riley today two to four.
Speaker 2 (05:31):
I have I saw him post that one on Facebook
for their day. I think is sharp and that back
that back view of the lake part. But it's gets
pretty cool now. Need to check that one out anyways.
All right, eight ninety nine to nine, you say ten
percent down, ten percent down down and that would still
be under a jumbo now.
Speaker 1 (05:47):
Is that right?
Speaker 2 (05:49):
Okay, right at it. Let's see having to do some
different a couple extra olculations here.
Speaker 3 (06:01):
Yeah, not just carry the one, carry the two or
the three.
Speaker 2 (06:04):
Yeah, yeah, we got multiple multiples here.
Speaker 1 (06:07):
Man, man alive?
Speaker 2 (06:11):
All right?
Speaker 1 (06:14):
I think I got it. Five thousand, four hundred and
seventy one dollars.
Speaker 3 (06:25):
That sounded very very specific.
Speaker 2 (06:27):
He's keeping the one thing going on.
Speaker 1 (06:28):
I am keeping the one thing going Okay.
Speaker 4 (06:30):
I'm I was thinking like in like in the high
four thousands, but since you broke five, I'm gonna at
least say.
Speaker 3 (06:39):
Five thousand, even.
Speaker 2 (06:41):
The actual payment is five one and nineteen dollars. John
Mounts gets around one. Get that man, amazing dollar house.
Speaker 3 (06:48):
Ie Squirrel even gets the nuts sometimes.
Speaker 2 (06:52):
That man a million dollar house. All right.
Speaker 1 (06:55):
Our next one is in Huey Town, thirty one seventeen
ash Wood Road. This was built in nineteen sixty on
a half acre lot. Two thousand and seventy square feet
on the main level, another twelve hundred and sixty square
feet finished in the basement. We're asking two hundred and
forty six thousand and this This property is a little
unique because you can actually it can also kind of
(07:17):
be a duplex So if you want to have like
an in law in the same house, or you know
a kid that have their own kind of you know,
den area, whatnot.
Speaker 3 (07:25):
Lock the kid in the other sit part of the
house and you spend your time in this.
Speaker 1 (07:28):
Yeah. Yeah, I mean I think that's totally fine. So yeah, yeah.
Thirty one seventeen Ashwood Road to forty six. This listing
is courtesy of Alita Piedra. So, Alita, congratulations on your
new listing.
Speaker 2 (07:40):
Uh, congrats Alita. To forty six.
Speaker 1 (07:43):
You said, I said two forty six, forty.
Speaker 2 (07:45):
Six, five percent down, five percent, five percent down, John,
you get to go first.
Speaker 3 (07:52):
Uh, two forty six, five percent down. This twelve thousand,
so I don't know. Fourteen fourteen why not?
Speaker 1 (08:09):
How much down? Five percent five percent. I'm gonna say
fifteen hundred bucks.
Speaker 2 (08:15):
Fifteen hundred for Gusty. The actual payment was fourteen hundred
and seventy seven dollars. Gusty gets round two. Close. Man,
I would have won.
Speaker 3 (08:23):
It was prices right rules. I would have won.
Speaker 2 (08:25):
You would have won. He went over. But it's not.
Speaker 1 (08:29):
It's not our next I'm next listing. It's one thirty
two Lorena Lane. This is in the Crest Line neighborhood
of Mountain Brook. This was built in nineteen fifty. This
home is four bedrooms, two baths. It's a little under
fifteen hundred square feet on the main another five hundred
(08:50):
and fifty square feet finished in the basement. This home
pretty much has been fully renovated in the last seven
to eight years. The only thing that really hadn't been
touched here is like the second bath, which kind of
has that classic timeless by all that we just don't change.
Speaker 3 (09:07):
So uh, this home.
Speaker 1 (09:09):
Is is gorgeous courts, countertops, stainless appliances, one car, garage, screen, porch,
fenced yard, level yard, bam eight Mountain Brook.
Speaker 2 (09:23):
I that's that's that's a tough that's tough to beat
right there, all right? Eight? Yeah, twenty percent down, Yeah,
twenty percent down. This is the last property of the day.
It is one to one. This is I mean, it
is Mark's madness. This is where the madness could could
really throw off some brackets right here.
Speaker 3 (09:45):
Goes I'm like a fifteen seed.
Speaker 1 (09:46):
I didn't do a bracket this year. I just just
could just you know, I.
Speaker 2 (09:50):
Meant the mortgage game bracket.
Speaker 1 (09:52):
Too much going on, too much going on in the world. Yeah,
all right, you said twenty percent. That's a lot. It
is a lot, man, let's go with hmm.
Speaker 3 (10:11):
Wow.
Speaker 1 (10:12):
I feel like I need like a time limit.
Speaker 2 (10:15):
So I just ask y'all what the loan amount would
it be? Well, that's what I'm trying to figure out.
Speaker 1 (10:19):
Like I'm just like, oh, Man, no, you don't, you're
You're fine, forty five hundred.
Speaker 2 (10:28):
Dollars forty five hundred for gusty.
Speaker 4 (10:31):
Because I see that's like seventeen it's like one hundred
and seventy thousand off of that eight point fifty so
seven eighty six. So yeah, I'll go, I'll go forty.
Speaker 2 (10:44):
Two, forty two, forty two forty two. The actual payment
was forty two ninety eight. John mountains always, I mean,
go to break this out by very nice Joe. Okay man, John,
y'all can see in the studio the streamers.
Speaker 3 (11:05):
Go, oh, it's incredible.
Speaker 2 (11:07):
I never thought this is.
Speaker 3 (11:08):
Like this cop that I have received.
Speaker 1 (11:10):
This is beautiful, John, This is uh, this is the
first time in a while.
Speaker 2 (11:14):
How heavy is that crown? John, How heavy is that crown?
Speaker 1 (11:18):
Look out? Well, congratulations John, good job today, very good job.
I may have found a replacement to lead the gusty
Gillis John mounts.
Speaker 4 (11:30):
Hey.
Speaker 1 (11:31):
We've got some other coming soons. We've got fifteen oh
eight Shady Oak Circle in the Grayson Valley area coming
up for one nine. This one's three bedrooms and three
baths we've got with a finished basement. We've got one
coming up in the Grant's Mill Valley area fourteen twenty
nine Valley Trace, three bedrooms, two baths, thirteen hundred square
(11:51):
feet for three forty nine. In the last, but not least,
fifteen oh four Shades Point Circle in the Shades Point
neighborhood of Hoover, twenty and seventy two square feet on
the main two levels. We've got a finished basement four
four thirty nine nine coming up in Hoover. So we've
(12:12):
got we've got some really good things. I know, we've
got some stuff coming in Mcallough. I know we've got
some stuff coming in Homewood. We've got kind of, you know,
some things, a little bit Vestavia, a little bit everywhere.
So we do have some immediate buyer needs. We've got
we've got a family looking for a home in Vestavia
up to six hundred. I've got two families looking in
Homewood up to six hundred. I've got a couple of
(12:34):
families looking up to one point five million in Homewood,
specifically Edgewood Elementary. And we've got somebody looking in the
Hoover and Bluff Park area up to four fifteen four fifteen.
So Brad, guess so what time it is? That's right,
(12:55):
that's right, cemonial time. Well is that me?
Speaker 2 (13:03):
It was me being goofy. Sorry, well I'm in a
silly mode. So that's right. I did that right part
just to jump in, I know what is happening here.
I was like, yeah, I knew what I was doing.
But anyways, this is art spot. Okay, we don't really rehearse. Hey,
we're going to give this shout out to TJ today.
TJ was an absolutely fantastic realtor. We hit a pretty
(13:27):
big speed bump in our process with a seller, and
he was able to navigate everything so smoothly that it
barely felt like a bump in the road, even though
it was a pretty catastrophic earthquake that could have destroyed
the entire deal.
Speaker 3 (13:41):
How about that he was so.
Speaker 1 (13:43):
Kind and caring of my wife and I really made
the process, smooth and based on what we wanted. If
someone asked me who would be a good recommendation for
a realtor, I would say t J Cunningham every single
Time's so thank you so much for the opportunity to
sell your property. And TJ congratulations on.
Speaker 3 (14:03):
Another five star review.
Speaker 2 (14:07):
That felt like we were back in the swinging things together.
Yeah yeah, yeah, Hey, I got one more. Let's go.
Speaker 1 (14:12):
My wife and I had the opportunity to work with
Walker as first time home buyers. We envisioned the home
purchase process to be a nightmare wow. However, he took
the time to walk us through houses that met our needs,
answer questions, and build a strong relationship. This made us
very comfortable through each step and decision. People do business
with people they like. We are beyond thankful to work
(14:35):
with Walker, and we are extremely excited to live in
our homes. So congratulations on your new home and Walker,
congratulations on another five star review. All right, there we
go a couple of couple of five stars added to
the tally ten stars today that it literally is seven stars.
(14:57):
All right, hey, we're gonna head to break, y'all, stay tuned.
We're going to give you a little bit of update
on what we're seeing in the real estate and mortgage
world right here on Bought, borrowed, and Sold. All right,
welcome back to Bob bart and Sold again. Thank you
so much for joining us each and every Sunday right
here on one oh five five at eight a m.
(15:18):
And you can always go back and listen to our
previous shows on the iHeartRadio app. So uh. And you
know they've got this like talk back mic that you
can go in there and if you ever want to
ask a question, you know, you could totally do that
and then we could answer, you know, any questions that
you might have.
Speaker 4 (15:34):
Yeah, if you're listening on the app, they just to
the right of the play button is a little tiny
picture of microphone. You have up to thirty seconds say
anything you want and we can hear it, we can
play it back and we can respond.
Speaker 2 (15:46):
Yep, please use that. I would love to bring in
some stuff.
Speaker 3 (15:49):
It's great. We use it all the time with JT
on the Morning Show.
Speaker 2 (15:52):
And yeah, challenge to the listener, somebody do it please,
and you don't have to do it in real time.
You can do it in real time or you can
do it with the podcast. It works on both awesome.
Speaker 1 (16:00):
I love it.
Speaker 2 (16:00):
I love it.
Speaker 1 (16:02):
Well cool, let's see, Okay, Well, I want to kind
of give give some updates on what we're seeing in
the market, both in the real estate world and in
the mortgage world, and so well, first off, I wanted
to give some shout outs to our agents, and so
I got to pull up our list of contracts over
(16:23):
the past week. I want to give some special shout outs.
Kyle Bedgood, Riley Wood, Ashley Stags, and John Riddle would
two contracts this week. So all of those except for
John had one and then John had two contracts. So
congratulations everyone on your new contracts over the last week.
So we love contracts, don't we. Brat love contracts. We
(16:46):
love contracts. So yeah, we've seen. I also put one
under contract that was a property in Highland Park, a
condo in Hoghland Park. And this was actually the I
guess it was the third home or third condo. We
had made an offer on the first one. We failed
(17:12):
to get it. We were up against a cash offer,
and so the cash offer prevailed, and then the second offer,
I guess we submitted it, but my buyer got a
little cold feet.
Speaker 2 (17:23):
Yeah, she slept on it.
Speaker 1 (17:24):
The next morning, was like, you know, I don't I
saw the payment. I just don't feel super comfortable with it.
And I said, hey, you know, I don't have to
make your mortgage payment, so I totally understand, like hey,
and she was like all, you know, apologizing to me.
And I was like, look, this is this is your
this is your future. Like you're signing a you're signing
an agreement for thirty years exactly.
Speaker 2 (17:43):
You know.
Speaker 1 (17:44):
I was like, whatever I can do to help you,
I'm here. And so you know, through that process, we
kind of we revisited our budget and we ended up
coming down in her price range where she felt comfortable,
and we found her a really cool place a condo
kind of an old in a old historic condo complex.
Super super cool and and and y'all are y'all are
(18:07):
doing the financing on it.
Speaker 2 (18:08):
Yeah, I think that's one of the has been working
on and and going. So that's been that's been good.
And I'm kind of looking at the different condo stuff,
which is pretty pretty pretty clean, so all that. So yeah,
I'm glad, glad y'all were able to get that one
under contract and get that one moving forward.
Speaker 1 (18:23):
Yeah, absolutely for sure. It's so we're seeing movement in
all areas. We've had, uh, like the Mountain Brook house.
We've had multiple showings on it, and I expect multiple
offers on that one. And you know, I mean multiple
offers is a thing.
Speaker 2 (18:44):
It's a thing.
Speaker 1 (18:44):
It's a thing again it is, and you know, that
was out. I've had some folks come in from from
Atlanta looking at houses this past week and we were
kind of looking all over, I mean from Trustful to Crestwood,
uh to Homewood, I mean the south Side. We were
looking all over and the the inventory for this lady's
looking for something specific. She needs a she needs a
(19:07):
a level entry. She's got some some help things going on,
and so she's like she's got to have some level entry.
And that's kind of difficult for Birmingham very since we're
so you know, our terrain is hilly, so we've had
to really find some right places. And she likes older houses,
she likes older architecture. So I'm trying to, you know,
(19:28):
try to find something with as little steps as possible.
And we found a few options. So but it's been
interesting being out and about and really seeing where the
market's at and it's I'm seeing great things. Like if
you're a seller right now, like you're probably very happy. Yes,
if you're a buyer right now, I mean there's there's
(19:49):
definitely some difficult uh there, there's some strategies to try
to get your offer in the best position possible. But
I mean there's a lot of buyers that are out
there right now. And and so you know, if you're
you're kind of sitting on the sidelines, you've been thinking
about maybe selling that house. I mean, I really would
encourage you to go to Gustygulisgroup dot com or caller
text two five five four two nineteen ninety six, and
(20:12):
we can at least kind of have a conversation and
build a plan of action together about your home. It
might be the perfect time to put your house on
the market. But we've also got we've got folks that
are just say, like, if you brought me a deal,
I I'd entertain it. So we have our kind of
off market lists, right because we have people that just
(20:33):
don't want to go to market. Yeah, so we're putting
the puzzles again behind the scenes. So what have you
been seeing over the last week?
Speaker 2 (20:41):
Yeah, I mean we're seeing we're seeing things pick up
or you know, the phone calls are there. We are
seeing more people get under contract. We're having some folks
that we'd reapproved, you know, month two months ago, that
maybe maybe some stuff hadn't fully hit the market, you know,
over the winter and early end of this year that
hadn't come on the market. But now that you know,
it's that spring season's coming, more listings are coming up.
We're getting multiple offers, but now there's more that there.
(21:03):
People are finding more things they may have been interested
in as that as that inventory pool continues to grow.
So we are seeing more more folks get under contract.
Rates are still China trying to keep coming back down
a little bit, you know, is one of the thing
on the mortgage game. I was surprised nobody asked me, Hey,
what about what rates are we looking at today? So
I'd moved those down a little bit from last week.
(21:23):
So even while we were a little high a couple
of times, and y'all normally asked, nobody did. But so
we got John. We've had some we've had some decent
financial news there and had some FED had some decent
movement after the FED meetings this past week. I think
there's some there's some you know, with what we've talked
about here, some maybe some slowing down on your on
(21:44):
your total sales and your goat gross domestic products, which
is kind of adjusting some of that. So so yeah,
I mean I think I've been excited and think there's
a lot of opportunity out there. Hey can I can
I make one small call to action myself?
Speaker 1 (21:59):
Yeah.
Speaker 2 (22:00):
Here, if you're out there riding around and you own
a home, don't own a home, thing about buying a home.
You've got a financial advisor, you don't have any finances,
you've got two hundred dollars in your account, go to
Bradsmith loons dot com and just go to free rate
quote and fill that out. Let's talk about like I'm
really wanting to like really go backwards and really look
at the full financial makeup and helping people maximize the
(22:23):
money they have to increase their net worth. So if
you have no net worth because you don't own anything,
let's look and see what maybe we could do for there.
If you have a lot of networth, there may be
some other things you could do with your house to
help you structure and get increase your net worth by
leveraging the house some more. So there's some interesting things there.
So I would I would like to say, if you want,
if you would like to see kind of how it
all ties together or how you could improve your net
(22:45):
worth or start your networth, let's just go to Bradsmithons
dot com, do the free rate quote button, and then
we can talk and kind of see what maybe maybe
what a house could do for your networth or your
current house, how it may not be working for you
and it could.
Speaker 1 (23:00):
Man, what a difference. I mean, I wish I would
have bought a house earlier. I wish I would have
bought a house every two years, like was recommended to
me when I was younger. I mean, you know, you
look back, I'm I'm rolling into twenty years in this
business next year, and you know you look back, you're like, man,
(23:21):
I wish I would have done this, or I wish
I would have done that, and you know, buy the
house earlier, investing in real estate earlier would have definitely
been like number one.
Speaker 2 (23:30):
Yeah. And I think that's where it's like we're getting
this walk, you're looking about the house, getting a call. I
think there's there's a lot deeper things where the house
is usually a lot times your largest investment. So I
think bringing in the full financial pictures here you like it.
Speaker 1 (23:41):
We got two websites gustyguliscriup dot com, bradsmithlones dot com.
We hope you have an amazing spring break. Please come
back next time use the mic app. We appreciate it.
Y'all take care, have a wonderful week.
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