Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The saddle again. Here we go, there we go back
in the saddle. Man took a week off. I was
in the British Virgin Island spread. Yeah, Jelly stayed out
catamaran for a week. We had a captain, we had
a chef, and it was absolutely incredible.
Speaker 2 (00:18):
Wow. I did not realize that y'all were staying like
catamaran and doing that kind of thing.
Speaker 1 (00:22):
That's crazy.
Speaker 2 (00:24):
How big? How big was it?
Speaker 1 (00:26):
It was a fifty foot catamaran, okay, and there was
four couples that went on this track. My next question,
and so you know it made for some tight quarters,
That's what I was. I'm a bigger fella, and you know,
the bathrooms on a catamaran for a big fellow like
me are not as spacious as I would have hoped.
Speaker 2 (00:48):
I kind of imagine, I kind of imagine it being
just enough for just a slide in a little shower
into an airplane. On an airplane bathroom, like it had
to be pretty tight. Yeah. Fun fact, I got stuck
in the shower and and like the door wasn't opener,
literally like your body was wedged in there. So the door,
(01:10):
what I was afraid of, was like one of those
plexiglass doors, and what I was afraid of was if
I pushed or pulled it too hard, that I was
going to break the plexi glass. Yeah, this was like
the first day and I was like, man, I cannot
be the person that breaks something on the first day
of this boat. And uh so I had to you know,
(01:30):
basically uh nine one, one and and and get out
of there.
Speaker 1 (01:33):
So I was not airlifted. They did. They did help
me out and get out of the shower and not
break anything. And I didn't break anything either, So it
was really good when when when So it really just
became a joke the whole week that that I got
stuck in the shower so we missed you. Uh and
(01:54):
then I'm I'm I'm uh. We walked to Foxies in
the bv I S which is like a little bar
hangout area. They've got like a beach and they got
like food and the cool area and it's kind of
like one of those places that you just go and
then uh. Then I hear, Hey, are you Gusty Goulis
(02:14):
And I said, uh yeah, and they were like yeah,
we're from Vestavia and I thought you looked familiar, and
I was like of all places to meet people. And
the funny thing is we went to the next place,
uh sagi uh sagi bottom bar met somebody that went
to Birmingham Southern. And then when we get to uh
(02:36):
then we get went to another place and then these
are separate days.
Speaker 2 (02:39):
Yeah.
Speaker 1 (02:40):
By the way, uh we went to a dinner at
a place called Sober Rock and there was a couple
that was on their honeymoon that live in Crestline park Man,
and I was like, this is pretty wild.
Speaker 2 (02:51):
Yeah. And now that I sit here and think about it,
how how did how did the how did the British
Virgin Islands field during Fourth of July?
Speaker 1 (03:01):
I mean it felt fine to me.
Speaker 2 (03:03):
I just you know, I just didn't know if there's
any kind of fire No, I mean no, we didn't
see any fireworks or people weren't coming at you with
pitch forks or anything. Well, I was on a boat,
so you know, well not when you were meeting people
from the Stavia. Well that was before the God I
was worried about us celebrating our independence in the British
(03:24):
Virgin Islands and that problematic.
Speaker 1 (03:26):
We were good, We were good. But anyways, it's it's
going to be back and uh uh yeah, well.
Speaker 2 (03:37):
We had fun. I kind of we had some fun
and I kind of told them about my experience on
my house and and stuff and talked to We got
a lot of chicken talk of how Chicken and the
chickens ended up being at a turrent for one and
a and a and a feature for the other.
Speaker 1 (03:50):
That's right.
Speaker 2 (03:51):
I actually went by this past week and went and
checked on the chickens and they, I said, y'all aren't
about done with him or anything, are you? And they
were like, oh no, we sat here and drink coffe
and watch them every morning.
Speaker 1 (04:01):
Is that right?
Speaker 2 (04:01):
That's too funny. Anyway, we had a good time, though.
Speaker 1 (04:04):
That is too funny. Well, well cool, well, hey, in
our next segment, we're going to talk about what we're
seeing in the market, both mortgage and the real estate side.
But man, we got we got some open houses today,
We've got some new listing, some coming soon. So let's
go ahead and get our game going. I do want
to talk about two open houses before we actually start
the game. So do you want me to go ahead?
(04:26):
And should I go ahead and just talk about these
and then we'll officially start the game. Now, should we
go ahead and tell the rules.
Speaker 2 (04:32):
Going to those rules.
Speaker 1 (04:34):
So we've got an open house today in Cresswood from
eleven to one. It's five to one to three fifty
ninth Street South. This is a bungalow, three bedrooms, two bass,
fourteen and sixty square feet and we're asking two ninety
nine to nine. And this listing is courtesy of Ashley Staggs. However,
go see Isaac Marvin today between eleven and one. This
(04:54):
is a very cute arts and crafts bungalow over in Crusswood.
And then we've also got and Chelsea in the courtyard
Manor neighborhood three oh one Normandy Lane open from one
to three and Carla Dilberto will be holding that one
open this afternoon. UH so thank you Carla. She is
also stepping in for Ashley and uh doing an open house.
(05:19):
So this one is in uh three oh one Normandy
Lane is six hundred and twenty thousand dollars in Chelsea,
four bedrooms, four basts, thirty one eighty seven square feet.
So you're looking at Chelsea, go check it out. Let's
sure the rules. Brad Smoth Okay, bradsmithlons dot com. Cross
Country muggage. That's me, Yes, sir, that's me.
Speaker 3 (05:40):
That's me.
Speaker 2 (05:41):
So yeah, so Guss He's going to go through some
uh some of the other properties and he's gonna give
some great details and some of the perks and benefits
of the properties. The most important one that we need
for the game is what the list price is. At
that point, I will give a potential down payment that
the ball may make, and then Gusty and our esteem
producer John Mounts will guess their best efforts on the
thirty or fixed monthly payment just principal interest. Weird not
(06:03):
worried about the scrows or any kind of mortgage.
Speaker 1 (06:05):
In sure.
Speaker 4 (06:05):
It really is my best guest too, believe it or not.
I'm not trying to throw the game every time off
by like a factor of ten.
Speaker 1 (06:11):
He really wants to beat me. So anyways, Hey, we've
got our first new listing of the week. Is also
open this afternoon from two to four. This is in
the Carrington Lakes neighborhood and trustful two zero eight zero
Overlook Place. This is a three bedroom, two bath garden
home built in twenty eighteen, sixteen hundred and eleven square
(06:32):
feet and we're asking three fourteen nine. I have seen
the pictures and I will tell you this is a
very cute house. Twenty eighty Overlook Place, three fourteen nine.
And this listing is courtesy of Jonathan Weaver on our team.
So congratulations Jonathan on your new listing.
Speaker 2 (06:50):
Yes, sir, three fourteen to nine, three fourteen nine. We're
going to start off with five percent down, Okay, five
percent down, and Gusty's back, so he gets to go first. Ooo.
Speaker 1 (07:00):
Yay, I'm gonna go with nineteen hundred and forty nine dollars, John, I'm.
Speaker 3 (07:13):
Gonna go just a little higher than that, even two thousand.
Speaker 2 (07:18):
The actual payment was nineteen hundred and sixty six dollars,
So Gusty edges out and gets round one.
Speaker 3 (07:25):
What I do, I just I always lose.
Speaker 2 (07:26):
Well when you set a little higher, Alstoner going like
it needs to be just a little.
Speaker 1 (07:30):
Higher, just a little bit, just a bit outside. Our
next new listing is over in the Minor Area, Minor
Mulga Area, thirty one ninety lob Lolly Lane, Birmingham, Alabama,
three five two two four. This one is a three
bedroom and one bath home seventeen hundred and one square
feet on the main level another one thousand, twenty three
(07:53):
square feet in the basement. We're asking one sixty nine
to nine, one sixty nine none and it's got a
one car garage, a super nice deck. It's almost on
an acre lot too, brick house. So go check out
thirty one niney lob Lolly Lane, one sixty nine. This
listing is courtesy of Carlo Delberto one sixty nine nine,
(08:19):
ten percent down, ten percent down.
Speaker 3 (08:24):
Guess it is on me?
Speaker 2 (08:25):
It's on John.
Speaker 4 (08:26):
I love that, by the way, love Lolly Lane. It's
just fun to say, would you love that to be
your address? Say Lovelly Lane? Uh, I'm gonna say right at.
Speaker 2 (08:38):
Thousand bucks, A thousand bucks for John, a thousand bucks
for Jill. He's on even thousands today.
Speaker 3 (08:46):
That's what I'm going for, even numbers.
Speaker 1 (08:49):
I'm gonna go with nine hundred and seventy nine.
Speaker 4 (08:55):
Dollars nineteen sevent a good album by by Smashing Pumpkins.
Speaker 3 (08:59):
Oh yeah, good song. I should say.
Speaker 2 (09:02):
Buddy went a little the wrong direction. The actual payment
John was one thousand and five dollars.
Speaker 3 (09:07):
Whoa man.
Speaker 1 (09:13):
Seeing squirrel? We'll get them all.
Speaker 3 (09:16):
Well, you see, you know, you take a week off,
you get a little Rusty.
Speaker 1 (09:18):
Oh, is that what it is?
Speaker 3 (09:20):
I think you're going to redeem yourself here.
Speaker 1 (09:22):
Hey, Our next new listing is in the Gardendale area,
one forty Scenic Drive. This is in the Whispering Pond subdivision.
How cool is that?
Speaker 2 (09:30):
Whispering Pines go right past Loblaly.
Speaker 1 (09:33):
Yeah, Wilt in nineteen seventy two, four bedrooms, two and
a half paths. It's one thousand ninety two square feet
on the main level, another one thousand ninety two finished
in the basement. I know that there has been updates
throughout the ownership of this home, and we're asking two
hundred and thirty five thousand, two hundred and thirty five
thousand dollars in This listening is courtesy of Tony McDaniel's.
Speaker 2 (09:55):
Tony Getting after It. Tony. He goes, all right, two
thirty five ten percent down, two hundred and thirty five thousand,
ten percent down. We are back to Gusty told me,
old me ten percent down, ten percent.
Speaker 1 (10:12):
Okay, man, mm hmmmm, I'm gonna go with fourteen hundred dollars.
Speaker 2 (10:30):
Fourteen hundred for Gusty.
Speaker 4 (10:33):
You know, I was I was thinking, I was thinking twelve,
But now I'm rethinking it, but I still want to
even numbers, so at thirteen.
Speaker 2 (10:39):
All right, the actual payment was thirteen eighty nine. Gusty's
around three.
Speaker 1 (10:46):
Things too funny.
Speaker 2 (10:51):
You are both looking at me like, what's that?
Speaker 3 (10:54):
What's gonna happen?
Speaker 1 (10:55):
Yeah?
Speaker 3 (10:55):
All right.
Speaker 1 (10:55):
Our next new listing is courtesy of John Michael Brannan
on our team. Eighty four twenty four were US Highway
thirty one in Hayden and h This one is three bedrooms,
two and a half baths, sits on one acre. Oh
how nice would that be? Two thousand, two hundred and
fifty square feet. You could have more chickens there, Brad
twenty two hundred and fifty square feet, and we're asking
(11:17):
three hundred and forty five thousand. And it's once again
eighty four to twenty four Highway thirty one and haydenl
Obama three forty five, three forty five, three forty five.
We're back to John and we're putting three percent down here.
Speaker 4 (11:34):
Three percent, okay, so this is going to be in
the neighborhood of the first house kind of, but it's
a little more expensive and you're financing less. So I'm
gonna say m two thousand, gusting closed his eyes really
hard there. That was probably not a good sign.
Speaker 2 (11:56):
Oh, I think I think it's because you misspoke in
the middle there, because you said you're going to finance
less and you meant you're gonna put less down right
financing more so, I think that was I think that was.
Speaker 3 (12:04):
At the hard close of the eyes.
Speaker 1 (12:05):
No, that was really that was what I was. I
was just thinking about what I'm gonna, you know, make up.
Speaker 4 (12:12):
He just the way he looks it was like I
said something like crazy, like one dollar.
Speaker 1 (12:17):
No. No, I was literally just thinking, would you say,
John twenty one hundred?
Speaker 2 (12:22):
I can't remember what you said.
Speaker 3 (12:23):
I can't remember either.
Speaker 4 (12:24):
I think I said. I think I said two thousand,
I say twenty one hundred. Pick which everyone's closer.
Speaker 2 (12:34):
I don't know which one's closer.
Speaker 1 (12:35):
I'm gonna go with two thousand and thirty four dollars.
Speaker 2 (12:47):
Well John had twenty one hundred, and it was twenty
one ninety eight, So John gets around for.
Speaker 1 (12:53):
I think he really had two thousand. But I think
you're I think you're messing.
Speaker 3 (12:56):
With I'm not. I'm not gonna say what I had.
Speaker 4 (12:58):
I can't remember, and we can't go there there is
no tape, there's no way to go back and find
out what we said.
Speaker 1 (13:05):
I feel like I just got shim sham.
Speaker 2 (13:08):
I don't know what you're talking about. To listen to
the podcast replayed find out.
Speaker 1 (13:13):
Last listening the week. If you feel like I got
shim sham, I just go.
Speaker 4 (13:19):
Over to recording of the podcast on the voice buttons
and just say shim sham.
Speaker 1 (13:25):
That is our word for the week, shim sham, because
that's the way I feel.
Speaker 2 (13:28):
Right, he feels law Ball.
Speaker 1 (13:29):
Our new listing of the week is twenty eight thirty
six Vestavia Forest Drift, excuse me, Vestavia Forest Place. And
this one is four bedrooms, three baths. This is fifteen
hundred and ninety six square feet on the main level,
one thousand and thirty six square feet in the finished basement.
It's also got a two car garage. This is for
Vestavia West Elementary. And we're asking five hundred and fifteen
(13:53):
thousand and h Breonna Green, congratulations on your new listing.
Speaker 2 (13:57):
Great job, good job, all right, five fifteen ten percent
down for all the marbles, for all them. We won't
round five to mean something.
Speaker 1 (14:04):
Yeah, evidently we need.
Speaker 2 (14:06):
The rubber match all right five point fifteen, putting ten
percent down back to Gusty.
Speaker 1 (14:13):
All right, so I feel real good about this. You
said ten percent down, Yes, sir, three thousand and sixty
(14:33):
nine dollars, three zero six nine. I got you, three
zero six nine.
Speaker 4 (14:39):
I know right where this This house is right down
the street from my parents. You got a creak in
your backyard, You're right there, Way thirty one is. I
know exactly where the spot is. Its beautiful house with
a red front door, the red front door. Uh, let's
go within even three thousand dollars because I'm just feeling
the even numbers today.
Speaker 2 (14:58):
Three thousand for John. The actual payment was three thousand
and forty five dollars. Gusty wins.
Speaker 1 (15:06):
Yeah, came back three to two.
Speaker 4 (15:09):
Man that it's like the closest one of the weas
we've had in a while. Yeah.
Speaker 1 (15:13):
For you know, it was, Hey, we've got we've got
a couple of homes that are gonna be coming soon.
We've got one coming up in Birmingham for one hundred
and fifteen thousand and one and pension for one hundred
and seventy one in Hoover for four hundred and fifty.
And I know we've got things coming up in Alabaster
and Hoover in Birmingham. And let's see, that's all I've
(15:36):
got off the top of We got a bunch of
a lot. We got a bunch of coming up. Hey,
we've also got one special buyer need. We've got somebody
looking in the Trustle neighborhood. They're looking for a four
to three. They would prefer a home with a fireplace
up to four hundred and sixty thousand, So one to
at least throw that out there. And uh, hey, guess
what time it is. That's right, it's testimonial time. All right,
(16:02):
that wasn't Rusty got right there? Well I kind of
was like, you know, I got to make sure this
is good. I just took a week off. I gotta
make so this one is for Graham. Graham was great.
He made the entire process very simple and easy and
was always available if I had any questions. I would
highly recommend using him. So congratulations on your new house.
(16:25):
And and uh man, just short and sweet. I like
a good short and sweet review sometimes, and uh Graham,
congratulations on five star review. All right, that's our reviews
for the week. And uh, you know, I think it's
time to go to break. Let's take a little break break.
Speaker 2 (16:47):
I got the giggles.
Speaker 1 (16:48):
I still I still want you to do the talkback
mic and just put shim shams.
Speaker 3 (16:52):
You still won.
Speaker 1 (16:53):
I still one, but it could have been a little
bit longer. Win about that we had We have to
capture the all Ai. We don't wanted to know if
you've already changed the station because you've won too early.
All right, y'all, Hey, we'll be right back talking about
what's going on in the mortgage world and the real
estate market right here on Bob burd and Sold. All right,
(17:23):
Welcome back to Bob bart and Sold. Thank you again
for joining us each and every Sunday right here on
w e r C one O five point five. Got
Brad Smith as always from Cross Country Mortgage, bradsmithlans dot com,
Brad Mortgage Market. Have we been, you know, just kind
of staying even Stephen or what's been going on?
Speaker 2 (17:46):
Yeah? Pretty even Stephen. We've we've bounced maybe an eighth
up a little kind of testing something. But it's it's
kind of bouncing back and forth. H this today when
I was just like going through and kind of just
prepping a little bit and just looking at it immediately,
he was like, I felt like I was having deja
vu from us sitting right here one year ago and
having the same discussion about the Fed's probably not going
(18:10):
to make any moves in July and kick and punt
to September again before doing any rates things, and I
and like just the quotes and everything just looked so
similar to everything that why they just kind of kept
kicking the can last.
Speaker 1 (18:23):
Year when was the last time they did the rate cut?
Speaker 2 (18:26):
So they did it the one in September, and they
did one more, I think in the November December, and
they have yet to do anything.
Speaker 1 (18:32):
Else then, and then they blamed the tariffs.
Speaker 2 (18:35):
They blamed the tariffs and inflation, and right now it
is just a right now, it's it's it's pile Will
basically saying Trump, you're not going to bully us to
do what we don't. If we don't, if we don't
want to do it, we're not going to do it.
And they're just sticking now. It's just becoming a pee
in contest.
Speaker 1 (18:51):
I saw somewhere like his his time is coming to
an end.
Speaker 2 (18:55):
It is yep, he's getting moonlighted a little bit. But
I mean Trump has been calling him out and but
that's not but it's not, that's not you know, you're
just gonna dig in deeper. I mean, at the end
of the day, there's still human nature a part of it.
And you've got enough people that you know, don't think
the terrafs were the right way to go, that are
in that those FED chair seats, and so they're gonna,
(19:16):
you know, they're gonna keep pushing back just to prove
a point at this and so you know, I'm not
I don't know who's right or wrong at the end
of the day, but but we know that the stuff's
weaker than what they're being told. They're going off of
data from still from May when they met on the
middle of June, and there's just so much information that
came out with jobs reports since that time because they
(19:36):
met earlier. Anyways, I mean, it's we're still sitting in
the upper upper part of the sixes, just a north.
It's a little north of six and a half, still about,
you know, averaging under seven and and and that's just
kind of where we are right now and kind of
just settled in. And again not that the FED rate
means that mortgage rates are gonna come down. We've seen
(19:57):
it do the opposite. It's just it's just the sentiment
of what of what people are thinking is is the
market solid or not? And I think you're getting a
lot of conflicting messages. And I think it is because
we don't know. There is things happening right now that
you're not going to get to see and the technicals
on it until a few months down the road, and
they don't want to be too knee jerk, but we
also can see that we are i mean a hundred
(20:19):
probably one hundred basis points restrictive right now. And it's
and it's across the board. So something's going to have
to give. I mean, the United States itself is having
to you know, looking to refinance a lot of debt
that's coming do in the in the billions and billions.
Speaker 1 (20:33):
And I think that's part of the real big push yep.
It is because of the refinance of that debt. And
I mean I understand it.
Speaker 2 (20:40):
Yeah, I mean, wouldn't you want it to go down?
I mean, if if you're if you're trying to get
the debt ceiling down and you're trying to not keep
just keep it going into the next trillions. Yeah, I
mean that interest is the big carryover. So I mean
if you can get it down, so our our our
our government's balance sheet and liabilities need a rate decrease. Yeah,
is much or more than anyone.
Speaker 1 (21:01):
So probably the number one yeah person.
Speaker 2 (21:04):
But there's a lot of there's a lot of like
comparing to other countries what they're doing with their rates
right now, and everyone is lower than us. I mean
not everyone, but anybody that's small big. I think maybe
in the press secretary that was kind of laying that
out there a couple maybe last week. But but anyway,
so but I mean, the market's moving houses are still
getting sold, and we're in a we're in a pretty
(21:26):
good rate environment, honestly. I mean, you know, y'all hear
me say it all the time. Some of the things
that's going to have to take to get us back
into the low fives or fours is not the best
for what everybody needs out there and what causes that
can be, you know, a lot of headache and problems
everywhere else in the market. So so you know, we're
not terribly off. But I think I think it's I
(21:48):
think the market is settled into where this is what
rates are and that people are buying houses. Well, speaking
of people buying houses, I mean over the over the
last little bit, in the last couple of weeks, we've
had Karla on our team has put two homes under contract.
Tony has put two homes under contract. So it's Carla Delaberto,
Tony McDaniels, Kyle bed Good, they've all had two homes
(22:10):
under contract in the last couple of weeks. And then Walker, Walker, Gant,
Ashley Stags and t J. Cunningham have all have had contracts.
And you know, I mean last weekend was a holiday weekend,
so a lot of times everybody's going out of town
like we were out of town, and so you know,
from what I'm seeing on our end is yes, people
(22:31):
are still putting homes under contract. I would say people
are not necessarily running at a brand new listing like
we've been seeing earlier on in the year. I think
it's because people are going in and out on vacations. Now,
people are getting their final preparations before school starts, and
(22:52):
and I mean I'm looking at our month, I mean
we've got I think.
Speaker 1 (22:57):
Twenty four more homes that are going to close this month.
So it looks like we're gonna close about thirty homes
in July.
Speaker 2 (23:05):
Nice, which is.
Speaker 1 (23:06):
Which, which is where I'd like to be at on
a monthly basis really and and so you know, now
we're you know, putting in as much effort as possible
to try to get August pendings up and uh, but
the fourth of July kind of impacts that. So you know,
I think that you know, I'll know more after talking
(23:28):
with our agents, you know, seeing what the activity was
this weekend, and hopefully we're going to see some good
stuff that's coming out. I'd love to see rates come
down a little bit. I think I think that would help.
Speaker 2 (23:39):
Yeah, I think we're gona get a little folks off
the fence.
Speaker 1 (23:42):
But however, I mean, I still feel like it's a
it's a healthy market, yeah, which is great. So AnyWho, Brad,
always appreciate you being on here. Thank Bradsmith Loans dot com.
Do you want to go ahead and get pre qualified
for a mortgage, go to gustygoulsgroup dot com. We'd love
to chat with you. Two O five five nineteen ninety six.
You can call or text that number and we'd love
(24:03):
to learn a little bit more about your real estate
goals and see how we can be of service to you.
So we love that opportunity. So anyways, John, thank you
as well too. Appreciate all of your hard work. Man
all right times, we'll see y'all next week. Take care,
The saddle again. Here we go, there we go back
in the saddle. Man took a week off. I was
in the British Virgin Island spread. Yeah, Jelly stayed out
catamaran for a week. We had a captain, we had
a chef, and it was absolutely incredible.
Speaker 2 (00:18):
Wow. I did not realize that y'all were staying like
catamaran and doing that kind of thing.
Speaker 1 (00:22):
That's crazy.
Speaker 2 (00:24):
How big? How big was it?
Speaker 1 (00:26):
It was a fifty foot catamaran, okay, and there was
four couples that went on this track. My next question,
and so you know it made for some tight quarters,
That's what I was. I'm a bigger fella, and you know,
the bathrooms on a catamaran for a big fellow like
me are not as spacious as I would have hoped.
Speaker 2 (00:48):
I kind of imagine, I kind of imagine it being
just enough for just a slide in a little shower
into an airplane. On an airplane bathroom, like it had
to be pretty tight. Yeah. Fun fact, I got stuck
in the shower and and like the door wasn't opener,
literally like your body was wedged in there. So the door,
(01:10):
what I was afraid of, was like one of those
plexiglass doors, and what I was afraid of was if
I pushed or pulled it too hard, that I was
going to break the plexi glass. Yeah, this was like
the first day and I was like, man, I cannot
be the person that breaks something on the first day
of this boat. And uh so I had to you know,
(01:30):
basically uh nine one, one and and and get out
of there.
Speaker 1 (01:33):
So I was not airlifted. They did. They did help
me out and get out of the shower and not
break anything. And I didn't break anything either, So it
was really good when when when So it really just
became a joke the whole week that that I got
stuck in the shower so we missed you. Uh and
(01:54):
then I'm I'm I'm uh. We walked to Foxies in
the bv I S which is like a little bar
hangout area. They've got like a beach and they got
like food and the cool area and it's kind of
like one of those places that you just go and
then uh. Then I hear, Hey, are you Gusty Goulis
(02:14):
And I said, uh yeah, and they were like yeah,
we're from Vestavia and I thought you looked familiar, and
I was like of all places to meet people. And
the funny thing is we went to the next place,
uh sagi uh sagi bottom bar met somebody that went
to Birmingham Southern. And then when we get to uh
(02:36):
then we get went to another place and then these
are separate days.
Speaker 2 (02:39):
Yeah.
Speaker 1 (02:40):
By the way, uh we went to a dinner at
a place called Sober Rock and there was a couple
that was on their honeymoon that live in Crestline park Man,
and I was like, this is pretty wild.
Speaker 2 (02:51):
Yeah. And now that I sit here and think about it,
how how did how did the how did the British
Virgin Islands field during Fourth of July?
Speaker 1 (03:01):
I mean it felt fine to me.
Speaker 2 (03:03):
I just you know, I just didn't know if there's
any kind of fire No, I mean no, we didn't
see any fireworks or people weren't coming at you with
pitch forks or anything. Well, I was on a boat,
so you know, well not when you were meeting people
from the Stavia. Well that was before the God I
was worried about us celebrating our independence in the British
(03:24):
Virgin Islands and that problematic.
Speaker 1 (03:26):
We were good, We were good. But anyways, it's it's
going to be back and uh uh yeah, well.
Speaker 2 (03:37):
We had fun. I kind of we had some fun
and I kind of told them about my experience on
my house and and stuff and talked to We got
a lot of chicken talk of how Chicken and the
chickens ended up being at a turrent for one and
a and a and a feature for the other.
Speaker 1 (03:50):
That's right.
Speaker 2 (03:51):
I actually went by this past week and went and
checked on the chickens and they, I said, y'all aren't
about done with him or anything, are you? And they
were like, oh no, we sat here and drink coffe
and watch them every morning.
Speaker 1 (04:01):
Is that right?
Speaker 2 (04:01):
That's too funny. Anyway, we had a good time, though.
Speaker 1 (04:04):
That is too funny. Well, well cool, well, hey, in
our next segment, we're going to talk about what we're
seeing in the market, both mortgage and the real estate side.
But man, we got we got some open houses today,
We've got some new listing, some coming soon. So let's
go ahead and get our game going. I do want
to talk about two open houses before we actually start
the game. So do you want me to go ahead?
(04:26):
And should I go ahead and just talk about these
and then we'll officially start the game. Now, should we
go ahead and tell the rules.
Speaker 2 (04:32):
Going to those rules.
Speaker 1 (04:34):
So we've got an open house today in Cresswood from
eleven to one. It's five to one to three fifty
ninth Street South. This is a bungalow, three bedrooms, two bass,
fourteen and sixty square feet and we're asking two ninety
nine to nine. And this listing is courtesy of Ashley Staggs. However,
go see Isaac Marvin today between eleven and one. This
(04:54):
is a very cute arts and crafts bungalow over in Crusswood.
And then we've also got and Chelsea in the courtyard
Manor neighborhood three oh one Normandy Lane open from one
to three and Carla Dilberto will be holding that one
open this afternoon. UH so thank you Carla. She is
also stepping in for Ashley and uh doing an open house.
(05:19):
So this one is in uh three oh one Normandy
Lane is six hundred and twenty thousand dollars in Chelsea,
four bedrooms, four basts, thirty one eighty seven square feet.
So you're looking at Chelsea, go check it out. Let's
sure the rules. Brad Smoth Okay, bradsmithlons dot com. Cross
Country muggage. That's me, Yes, sir, that's me.
Speaker 3 (05:40):
That's me.
Speaker 2 (05:41):
So yeah, so Guss He's going to go through some
uh some of the other properties and he's gonna give
some great details and some of the perks and benefits
of the properties. The most important one that we need
for the game is what the list price is. At
that point, I will give a potential down payment that
the ball may make, and then Gusty and our esteem
producer John Mounts will guess their best efforts on the
thirty or fixed monthly payment just principal interest. Weird not
(06:03):
worried about the scrows or any kind of mortgage.
Speaker 1 (06:05):
In sure.
Speaker 4 (06:05):
It really is my best guest too, believe it or not.
I'm not trying to throw the game every time off
by like a factor of ten.
Speaker 1 (06:11):
He really wants to beat me. So anyways, Hey, we've
got our first new listing of the week. Is also
open this afternoon from two to four. This is in
the Carrington Lakes neighborhood and trustful two zero eight zero
Overlook Place. This is a three bedroom, two bath garden
home built in twenty eighteen, sixteen hundred and eleven square
(06:32):
feet and we're asking three fourteen nine. I have seen
the pictures and I will tell you this is a
very cute house. Twenty eighty Overlook Place, three fourteen nine.
And this listing is courtesy of Jonathan Weaver on our team.
So congratulations Jonathan on your new listing.
Speaker 2 (06:50):
Yes, sir, three fourteen to nine, three fourteen nine. We're
going to start off with five percent down, Okay, five
percent down, and Gusty's back, so he gets to go first. Ooo.
Speaker 1 (07:00):
Yay, I'm gonna go with nineteen hundred and forty nine dollars, John, I'm.
Speaker 3 (07:13):
Gonna go just a little higher than that, even two thousand.
Speaker 2 (07:18):
The actual payment was nineteen hundred and sixty six dollars,
So Gusty edges out and gets round one.
Speaker 3 (07:25):
What I do, I just I always lose.
Speaker 2 (07:26):
Well when you set a little higher, Alstoner going like
it needs to be just a little.
Speaker 1 (07:30):
Higher, just a little bit, just a bit outside. Our
next new listing is over in the Minor Area, Minor
Mulga Area, thirty one ninety lob Lolly Lane, Birmingham, Alabama,
three five two two four. This one is a three
bedroom and one bath home seventeen hundred and one square
feet on the main level another one thousand, twenty three
(07:53):
square feet in the basement. We're asking one sixty nine
to nine, one sixty nine none and it's got a
one car garage, a super nice deck. It's almost on
an acre lot too, brick house. So go check out
thirty one niney lob Lolly Lane, one sixty nine. This
listing is courtesy of Carlo Delberto one sixty nine nine,
(08:19):
ten percent down, ten percent down.
Speaker 3 (08:24):
Guess it is on me?
Speaker 2 (08:25):
It's on John.
Speaker 4 (08:26):
I love that, by the way, love Lolly Lane. It's
just fun to say, would you love that to be
your address? Say Lovelly Lane? Uh, I'm gonna say right at.
Speaker 2 (08:38):
Thousand bucks, A thousand bucks for John, a thousand bucks
for Jill. He's on even thousands today.
Speaker 3 (08:46):
That's what I'm going for, even numbers.
Speaker 1 (08:49):
I'm gonna go with nine hundred and seventy nine.
Speaker 4 (08:55):
Dollars nineteen sevent a good album by by Smashing Pumpkins.
Speaker 3 (08:59):
Oh yeah, good song. I should say.
Speaker 2 (09:02):
Buddy went a little the wrong direction. The actual payment
John was one thousand and five dollars.
Speaker 3 (09:07):
Whoa man.
Speaker 1 (09:13):
Seeing squirrel? We'll get them all.
Speaker 3 (09:16):
Well, you see, you know, you take a week off,
you get a little Rusty.
Speaker 1 (09:18):
Oh, is that what it is?
Speaker 3 (09:20):
I think you're going to redeem yourself here.
Speaker 1 (09:22):
Hey, Our next new listing is in the Gardendale area,
one forty Scenic Drive. This is in the Whispering Pond subdivision.
How cool is that?
Speaker 2 (09:30):
Whispering Pines go right past Loblaly.
Speaker 1 (09:33):
Yeah, Wilt in nineteen seventy two, four bedrooms, two and
a half paths. It's one thousand ninety two square feet
on the main level, another one thousand ninety two finished
in the basement. I know that there has been updates
throughout the ownership of this home, and we're asking two
hundred and thirty five thousand, two hundred and thirty five
thousand dollars in This listening is courtesy of Tony McDaniel's.
Speaker 2 (09:55):
Tony Getting after It. Tony. He goes, all right, two
thirty five ten percent down, two hundred and thirty five thousand,
ten percent down. We are back to Gusty told me,
old me ten percent down, ten percent.
Speaker 1 (10:12):
Okay, man, mm hmmmm, I'm gonna go with fourteen hundred dollars.
Speaker 2 (10:30):
Fourteen hundred for Gusty.
Speaker 4 (10:33):
You know, I was I was thinking, I was thinking twelve,
But now I'm rethinking it, but I still want to
even numbers, so at thirteen.
Speaker 2 (10:39):
All right, the actual payment was thirteen eighty nine. Gusty's
around three.
Speaker 1 (10:46):
Things too funny.
Speaker 2 (10:51):
You are both looking at me like, what's that?
Speaker 3 (10:54):
What's gonna happen?
Speaker 1 (10:55):
Yeah?
Speaker 3 (10:55):
All right.
Speaker 1 (10:55):
Our next new listing is courtesy of John Michael Brannan
on our team. Eighty four twenty four were US Highway
thirty one in Hayden and h This one is three bedrooms,
two and a half baths, sits on one acre. Oh
how nice would that be? Two thousand, two hundred and
fifty square feet. You could have more chickens there, Brad
twenty two hundred and fifty square feet, and we're asking
(11:17):
three hundred and forty five thousand. And it's once again
eighty four to twenty four Highway thirty one and haydenl
Obama three forty five, three forty five, three forty five.
We're back to John and we're putting three percent down here.
Speaker 4 (11:34):
Three percent, okay, so this is going to be in
the neighborhood of the first house kind of, but it's
a little more expensive and you're financing less. So I'm
gonna say m two thousand, gusting closed his eyes really
hard there. That was probably not a good sign.
Speaker 2 (11:56):
Oh, I think I think it's because you misspoke in
the middle there, because you said you're going to finance
less and you meant you're gonna put less down right
financing more so, I think that was I think that was.
Speaker 3 (12:04):
At the hard close of the eyes.
Speaker 1 (12:05):
No, that was really that was what I was. I
was just thinking about what I'm gonna, you know, make up.
Speaker 4 (12:12):
He just the way he looks it was like I
said something like crazy, like one dollar.
Speaker 1 (12:17):
No. No, I was literally just thinking, would you say,
John twenty one hundred?
Speaker 2 (12:22):
I can't remember what you said.
Speaker 3 (12:23):
I can't remember either.
Speaker 4 (12:24):
I think I said. I think I said two thousand,
I say twenty one hundred. Pick which everyone's closer.
Speaker 2 (12:34):
I don't know which one's closer.
Speaker 1 (12:35):
I'm gonna go with two thousand and thirty four dollars.
Speaker 2 (12:47):
Well John had twenty one hundred, and it was twenty
one ninety eight, So John gets around for.
Speaker 1 (12:53):
I think he really had two thousand. But I think
you're I think you're messing.
Speaker 3 (12:56):
With I'm not. I'm not gonna say what I had.
Speaker 4 (12:58):
I can't remember, and we can't go there there is
no tape, there's no way to go back and find
out what we said.
Speaker 1 (13:05):
I feel like I just got shim sham.
Speaker 2 (13:08):
I don't know what you're talking about. To listen to
the podcast replayed find out.
Speaker 1 (13:13):
Last listening the week. If you feel like I got
shim sham, I just go.
Speaker 4 (13:19):
Over to recording of the podcast on the voice buttons
and just say shim sham.
Speaker 1 (13:25):
That is our word for the week, shim sham, because
that's the way I feel.
Speaker 2 (13:28):
Right, he feels law Ball.
Speaker 1 (13:29):
Our new listing of the week is twenty eight thirty
six Vestavia Forest Drift, excuse me, Vestavia Forest Place. And
this one is four bedrooms, three baths. This is fifteen
hundred and ninety six square feet on the main level,
one thousand and thirty six square feet in the finished basement.
It's also got a two car garage. This is for
Vestavia West Elementary. And we're asking five hundred and fifteen
(13:53):
thousand and h Breonna Green, congratulations on your new listing.
Speaker 2 (13:57):
Great job, good job, all right, five fifteen ten percent
down for all the marbles, for all them. We won't
round five to mean something.
Speaker 1 (14:04):
Yeah, evidently we need.
Speaker 2 (14:06):
The rubber match all right five point fifteen, putting ten
percent down back to Gusty.
Speaker 1 (14:13):
All right, so I feel real good about this. You
said ten percent down, Yes, sir, three thousand and sixty
(14:33):
nine dollars, three zero six nine. I got you, three
zero six nine.
Speaker 4 (14:39):
I know right where this This house is right down
the street from my parents. You got a creak in
your backyard, You're right there, Way thirty one is. I
know exactly where the spot is. Its beautiful house with
a red front door, the red front door. Uh, let's
go within even three thousand dollars because I'm just feeling
the even numbers today.
Speaker 2 (14:58):
Three thousand for John. The actual payment was three thousand
and forty five dollars. Gusty wins.
Speaker 1 (15:06):
Yeah, came back three to two.
Speaker 4 (15:09):
Man that it's like the closest one of the weas
we've had in a while. Yeah.
Speaker 1 (15:13):
For you know, it was, Hey, we've got we've got
a couple of homes that are gonna be coming soon.
We've got one coming up in Birmingham for one hundred
and fifteen thousand and one and pension for one hundred
and seventy one in Hoover for four hundred and fifty.
And I know we've got things coming up in Alabaster
and Hoover in Birmingham. And let's see, that's all I've
(15:36):
got off the top of We got a bunch of
a lot. We got a bunch of coming up. Hey,
we've also got one special buyer need. We've got somebody
looking in the Trustle neighborhood. They're looking for a four
to three. They would prefer a home with a fireplace
up to four hundred and sixty thousand, So one to
at least throw that out there. And uh, hey, guess
what time it is. That's right, it's testimonial time. All right,
(16:02):
that wasn't Rusty got right there? Well I kind of
was like, you know, I got to make sure this
is good. I just took a week off. I gotta
make so this one is for Graham. Graham was great.
He made the entire process very simple and easy and
was always available if I had any questions. I would
highly recommend using him. So congratulations on your new house.
(16:25):
And and uh man, just short and sweet. I like
a good short and sweet review sometimes, and uh Graham,
congratulations on five star review. All right, that's our reviews
for the week. And uh, you know, I think it's
time to go to break. Let's take a little break break.
Speaker 2 (16:47):
I got the giggles.
Speaker 1 (16:48):
I still I still want you to do the talkback
mic and just put shim shams.
Speaker 3 (16:52):
You still won.
Speaker 1 (16:53):
I still one, but it could have been a little
bit longer. Win about that we had We have to
capture the all Ai. We don't wanted to know if
you've already changed the station because you've won too early.
All right, y'all, Hey, we'll be right back talking about
what's going on in the mortgage world and the real
estate market right here on Bob burd and Sold. All right,
(17:23):
Welcome back to Bob bart and Sold. Thank you again
for joining us each and every Sunday right here on
w e r C one O five point five. Got
Brad Smith as always from Cross Country Mortgage, bradsmithlans dot com,
Brad Mortgage Market. Have we been, you know, just kind
of staying even Stephen or what's been going on?
Speaker 2 (17:46):
Yeah? Pretty even Stephen. We've we've bounced maybe an eighth
up a little kind of testing something. But it's it's
kind of bouncing back and forth. H this today when
I was just like going through and kind of just
prepping a little bit and just looking at it immediately,
he was like, I felt like I was having deja
vu from us sitting right here one year ago and
having the same discussion about the Fed's probably not going
(18:10):
to make any moves in July and kick and punt
to September again before doing any rates things, and I
and like just the quotes and everything just looked so
similar to everything that why they just kind of kept
kicking the can last.
Speaker 1 (18:23):
Year when was the last time they did the rate cut?
Speaker 2 (18:26):
So they did it the one in September, and they
did one more, I think in the November December, and
they have yet to do anything.
Speaker 1 (18:32):
Else then, and then they blamed the tariffs.
Speaker 2 (18:35):
They blamed the tariffs and inflation, and right now it
is just a right now, it's it's it's pile Will
basically saying Trump, you're not going to bully us to
do what we don't. If we don't, if we don't
want to do it, we're not going to do it.
And they're just sticking now. It's just becoming a pee
in contest.
Speaker 1 (18:51):
I saw somewhere like his his time is coming to
an end.
Speaker 2 (18:55):
It is yep, he's getting moonlighted a little bit. But
I mean Trump has been calling him out and but
that's not but it's not, that's not you know, you're
just gonna dig in deeper. I mean, at the end
of the day, there's still human nature a part of it.
And you've got enough people that you know, don't think
the terrafs were the right way to go, that are
in that those FED chair seats, and so they're gonna,
(19:16):
you know, they're gonna keep pushing back just to prove
a point at this and so you know, I'm not
I don't know who's right or wrong at the end
of the day, but but we know that the stuff's
weaker than what they're being told. They're going off of
data from still from May when they met on the
middle of June, and there's just so much information that
came out with jobs reports since that time because they
(19:36):
met earlier. Anyways, I mean, it's we're still sitting in
the upper upper part of the sixes, just a north.
It's a little north of six and a half, still about,
you know, averaging under seven and and and that's just
kind of where we are right now and kind of
just settled in. And again not that the FED rate
means that mortgage rates are gonna come down. We've seen
(19:57):
it do the opposite. It's just it's just the sentiment
of what of what people are thinking is is the
market solid or not? And I think you're getting a
lot of conflicting messages. And I think it is because
we don't know. There is things happening right now that
you're not going to get to see and the technicals
on it until a few months down the road, and
they don't want to be too knee jerk, but we
also can see that we are i mean a hundred
(20:19):
probably one hundred basis points restrictive right now. And it's
and it's across the board. So something's going to have
to give. I mean, the United States itself is having
to you know, looking to refinance a lot of debt
that's coming do in the in the billions and billions.
Speaker 1 (20:33):
And I think that's part of the real big push yep.
It is because of the refinance of that debt. And
I mean I understand it.
Speaker 2 (20:40):
Yeah, I mean, wouldn't you want it to go down?
I mean, if if you're if you're trying to get
the debt ceiling down and you're trying to not keep
just keep it going into the next trillions. Yeah, I
mean that interest is the big carryover. So I mean
if you can get it down, so our our our
our government's balance sheet and liabilities need a rate decrease. Yeah,
is much or more than anyone.
Speaker 1 (21:01):
So probably the number one yeah person.
Speaker 2 (21:04):
But there's a lot of there's a lot of like
comparing to other countries what they're doing with their rates
right now, and everyone is lower than us. I mean
not everyone, but anybody that's small big. I think maybe
in the press secretary that was kind of laying that
out there a couple maybe last week. But but anyway,
so but I mean, the market's moving houses are still
getting sold, and we're in a we're in a pretty
(21:26):
good rate environment, honestly. I mean, you know, y'all hear
me say it all the time. Some of the things
that's going to have to take to get us back
into the low fives or fours is not the best
for what everybody needs out there and what causes that
can be, you know, a lot of headache and problems
everywhere else in the market. So so you know, we're
not terribly off. But I think I think it's I
(21:48):
think the market is settled into where this is what
rates are and that people are buying houses. Well, speaking
of people buying houses, I mean over the over the
last little bit, in the last couple of weeks, we've
had Karla on our team has put two homes under contract.
Tony has put two homes under contract. So it's Carla Delaberto,
Tony McDaniels, Kyle bed Good, they've all had two homes
(22:10):
under contract in the last couple of weeks. And then Walker, Walker, Gant,
Ashley Stags and t J. Cunningham have all have had contracts.
And you know, I mean last weekend was a holiday weekend,
so a lot of times everybody's going out of town
like we were out of town, and so you know,
from what I'm seeing on our end is yes, people
(22:31):
are still putting homes under contract. I would say people
are not necessarily running at a brand new listing like
we've been seeing earlier on in the year. I think
it's because people are going in and out on vacations. Now,
people are getting their final preparations before school starts, and
(22:52):
and I mean I'm looking at our month, I mean
we've got I think.
Speaker 1 (22:57):
Twenty four more homes that are going to close this month.
So it looks like we're gonna close about thirty homes
in July.
Speaker 2 (23:05):
Nice, which is.
Speaker 1 (23:06):
Which, which is where I'd like to be at on
a monthly basis really and and so you know, now
we're you know, putting in as much effort as possible
to try to get August pendings up and uh, but
the fourth of July kind of impacts that. So you know,
I think that you know, I'll know more after talking
(23:28):
with our agents, you know, seeing what the activity was
this weekend, and hopefully we're going to see some good
stuff that's coming out. I'd love to see rates come
down a little bit. I think I think that would help.
Speaker 2 (23:39):
Yeah, I think we're gona get a little folks off
the fence.
Speaker 1 (23:42):
But however, I mean, I still feel like it's a
it's a healthy market, yeah, which is great. So AnyWho, Brad,
always appreciate you being on here. Thank Bradsmith Loans dot com.
Do you want to go ahead and get pre qualified
for a mortgage, go to gustygoulsgroup dot com. We'd love
to chat with you. Two O five five nineteen ninety six.
You can call or text that number and we'd love
(24:03):
to learn a little bit more about your real estate
goals and see how we can be of service to you.
So we love that opportunity. So anyways, John, thank you
as well too. Appreciate all of your hard work. Man
all right times, we'll see y'all next week. Take care,
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