Episode Transcript
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Speaker 1 (00:00):
Good morning everybody. This is Brad Smith with Cross Country Mortgage.
Gusty is not with us today. He is out of town.
He'll be back next week. Happy Fourth of July weekend.
I mean it has been. It's it's just an awesome week.
I think every I think most everybody loves Fourth of July.
It's just it's just it's just a fun one and
and I'm I was pumped up and excited about it.
(00:23):
Gussie's not here. John Michael Brandon is with us today.
He has been in here before in the studio. He's
awesome and great to have him with us. Thank you
John Michael for being here.
Speaker 2 (00:30):
You're welcome.
Speaker 1 (00:31):
How are you? Man?
Speaker 2 (00:31):
Doing good and doing good? How are you?
Speaker 1 (00:33):
I'm doing great. Uh, just to be a little transparent today.
We are recording this on Thursday, July third, and so
it is airing on Sunday. So we have not had
the Fourth of July yet. So I'm excited about what's coming.
I'm excited about grilling out at the house. I don't
think I'm having kids kids this for the fourth so
it's gonna be just chilling and just like just doing
(00:53):
whatever we want to do, which is kind of I don't.
I don't remember the last time, you know there, Well,
got one in a baseball tournament, one has got a
basketball tournament or camp, and the other ones at the
beach with with my mom and dad. So it's like,
all right, we're just chilling. So but we did move
and I made getting that second segment and kind of
go into some of that. Uh, the Gusty Gulist Group
sought our house for us in Homewood and we're still
(01:15):
in Homewood and everything else up, but that closed last week,
and maybe a cool story just to kind of give
it a little bit of cool things that happened and
kind of talk about the Gusty Gulist Group team and
some of that stuff and kind of how how the
process win. It was smooth as it could be. But
but to start today, we are going to play the
game all right now with it being the fourth July weekend,
(01:37):
there are there are no open houses scheduled, so but
we we are gonna do. They have a couple of
active listings or active listing, a couple of coming soons,
so we're gonna use those to play the game today.
So we've got five good properties. John Michael is going
to give us the properties. He's gonna give us a
description of the first property. At the end, he's gonna
tellus the most important part of that property, and that
(01:57):
is what is the list price? How much do I
have to pay for this house if I want to
move there? Once he gives me that, then I will
give him in our esteem. Producer John Mounts, how are
you today? John?
Speaker 3 (02:08):
I am doing great. Thank you for recognizing me.
Speaker 1 (02:10):
Yes, sir, I will give them a potential down payment
that a buyer may make, and then they will guess
the thirty year fixed principal interest only monthly payment. The
closest wins. It doesn't matter if you're over under. You
can go buy a dollar down two dollars, whatever you
want to do. The goal is to win the game.
Who cares about the means? We got to get the
end right or the prize or the prize, the grand
(02:34):
prize of pride, and that what it is. And at
the number one prize of this whole game.
Speaker 3 (02:39):
I suppose so far.
Speaker 1 (02:40):
I suppose it is so far, so I man to
get gut. I guess I need to come up with prizes.
I'm host.
Speaker 3 (02:44):
Don't you just give away a house?
Speaker 2 (02:46):
Or something like that.
Speaker 1 (02:46):
Yeah we give away a house. Maybe I don't give away. Yeah,
we'll give away a house. That's basically what that gets
into my story in the next segment. All right, So anyways,
John Michael, Yes, first property. What you got for us?
Speaker 4 (02:58):
First property on the game, and that is going active.
It's twenty four to twenty one Jamestown Drive in Hoover,
overall HVAC area twenty sixty two with a living area
eighteen sixty two. It's listed that three hundred and sixty
five thousand. It's a three bedroom, three bath house in Hoover.
(03:19):
So the list price is three sixty five, three.
Speaker 1 (03:22):
Sixty five, three sixty five. Go on line, check it out.
Go up at the gustygouglesgroup dot com and you can
see that property along with a bunch of others and
see if something you want to take a look at.
You always retoup to John Michael or anybody on the team.
Three sixty five, three sixty five. We're gonna put ten
percent down on this first one, ten percent down on
this first one. John is here every week, so he
(03:43):
gets to go first. This time he gets to go first.
You're the pro.
Speaker 5 (03:46):
Now, John, I wouldn't go that far, okay, So ten
down on three sixty five, so that means thirty six
k down, So financing like three thirty five or three
three and have a good way to good thing to
base this on. So I'm gonna say twenty two hundred
(04:07):
dollars a month.
Speaker 1 (04:08):
Twenty two hundred, John Michael, what are you thinking?
Speaker 5 (04:13):
Oh?
Speaker 4 (04:13):
I think it's probably a little bit more, all right,
So twenty four seventy five, twenty.
Speaker 1 (04:22):
Four seventy five. They're making me do math early. John
Michael Brandon gets round one. The actual payment was two thousand,
three hundred and sixty seven dollars. So y'all are just
about had it dead in the middle. Yeah, so I
had to make sure I was carrying the right the
one or the two.
Speaker 3 (04:40):
Are you saying we were equally awful?
Speaker 1 (04:43):
No, no, no, no, I feel like I think that
set up a good I think one hundred dollars give
her a little bit around is pretty good. Guessing on
the fly like this. The rates are changing, you don't
ever know what's going on, So I think that's a
good one, all right. John Michael Brandon takes the lead
for round one. All right. Property number two John Michael,
what you got.
Speaker 4 (05:00):
Yeah, so our team has one that's coming soon. The
address is thirty one ninety love Lolly Lane. If I
said that, oh is that lob Lollyly.
Speaker 3 (05:13):
That'd be fun.
Speaker 5 (05:14):
That'd be a fun house to have and be able
to say that every time when your address comes up.
Speaker 1 (05:18):
Yes, it'd be fine. I feel like that's something from
robin Hood, like the cartoon with like blue is the
you know what I'm talking about with the foxes and
are the Foxes of robin Hood anyways, anyways, I feel
like that's something they said in the There was.
Speaker 5 (05:30):
If you ever saw the show Arrested Development, there was
a lawyer on there and his name was Bob blah blah.
Speaker 4 (05:34):
Yeah, all right, sorry, No, it's right. It's a three
bedroom home. The list price is one sixty.
Speaker 1 (05:41):
Nine, one sixty nine nine, three percent down, three percent down,
making you do some tough map. We are going to
John Michael first around.
Speaker 4 (05:52):
Two okay, so three ones, so we're probably around.
Speaker 3 (06:04):
See the wheels turning twelve hundred.
Speaker 1 (06:07):
Twelve hundred for John Michael.
Speaker 5 (06:13):
I'm gonna come in a little above that, say, thirteen hundred.
The actual payment was one thousand and sixty eight dollars.
John Michael gets round two.
Speaker 2 (06:24):
He's letting me win.
Speaker 1 (06:27):
He let his guard down. He's letting his guard down
thinking he's got an easy day today. Now honestly, I
just just cared. He's like round the three. That's close enough,
good deal, all right, Property number three, John Michael.
Speaker 2 (06:45):
Okay.
Speaker 4 (06:46):
So the other house that our team has coming soon
is twelve oh one Heritage Way and Birmingham. It's a
four bedroom house. The list price is two nine two.
Speaker 1 (06:59):
Ninety nine nine, five percent down, five percent down to
ninety nine nine. We were back to John mal back
to me, three percent down, five percent down.
Speaker 5 (07:11):
Five percent down on three hundred k basically, h so
ten percent would have been would be thirty so five
percently fifteen thousand. So I'm gonna say twenty twenty four hundred, how.
Speaker 4 (07:31):
Would you say down five percent on three hundred two
thousand and fifty? How would you say two thousand and fifty,
two thousand and fifty. The actual payment was eighteen hundred
and forty seven dollars. Rights have been getting better, Rights
(07:51):
have been getting better.
Speaker 5 (07:52):
I'm gonna say a little bit. We see, we don't
we don't know the rates that's the problem. We're having
a Yeah, yeah, we're having a guess.
Speaker 1 (08:00):
You got to guess, that's right, gotta guess. All right,
that's the name of the game. You know. Again, I'm
glad I'm not guessing. Let's not get the calculator.
Speaker 3 (08:08):
Yeah, it's not calculating the mortgage payment, it's guess.
Speaker 1 (08:10):
The marks I type it in, so I you know,
I'm not doing it in my head. I like, I
liked my position as the host. Again. Uh, we got
two more properties to go over. Remember you can check
all these out at gusygillsgrip dot Gustygoulasgroup dot com and
you can also give them a call two zero five
five four two nineteen ninety six Property number four, John Michael,
(08:32):
What you got?
Speaker 2 (08:33):
All right?
Speaker 4 (08:33):
So we have another one that's coming soon, and this
one is in Trustful Uh, twenty eighty overlooked place, three
bedroom house built in twenty eighteen. The list price is
three fourteen nine hundred, so three hundred fourteen thy nine hundred.
Speaker 1 (08:50):
Three fourteen nine, putting twenty percent down, twenty percent down,
and we are back to John Michael going first.
Speaker 2 (08:59):
Twenty percent down. So that's going to be shoot. I
would say, nineteen.
Speaker 1 (09:13):
Hundred, nineteen hundred for John Michael.
Speaker 2 (09:16):
Sure I could have guessed better.
Speaker 5 (09:17):
But so you're throwing us a turk curveball because the
first one was thirty, was three hundred and sixty five,
and the third one was three hundred, and this was
right in between the two. But because you're looking at
twenty percent.
Speaker 2 (09:29):
Down, I know, that's why I've just had a brain fart.
Speaker 3 (09:31):
So you're putting it.
Speaker 5 (09:32):
So we're putting down like, you know, sixty sixty three
thousand dollars, which gets the price down to you know,
somewhere around two hundred.
Speaker 3 (09:39):
And you know, to fifty ish, Yeah, to fifty ish.
Speaker 5 (09:41):
So that being the case, we're closer to the price
of the second home. And I can't read my own writing,
so I'm gonna.
Speaker 2 (09:49):
Say how he's riding this day?
Speaker 3 (09:51):
Yeah, I was.
Speaker 5 (09:52):
Told I could write down. Oh for sure, I'm gonna
say eleven hundred dollars. Eleven hundred dollars. The actual payment
was one thousand, six hundred and thirty three dollars. Son
Michael gets round four, dude clean sweet See, even with
writing things down, it still doesn't help me.
Speaker 4 (10:11):
Yeah, maybe it hurts all right, We got one more,
John Michael, we got one more. Let's do it, okay,
So we got one more of this coming soon, that's
going active next week. It's in Hayden, Alabama, eighty four
to twenty four US Highway thirty one, three bedroom, two
and a half bath on a one acre lot. And
(10:31):
like I said, it's coming soon right now, and it'll
be active on this coming Thursday. The list price is
three hundred and forty five thousand dollars. This house is
in Hayden, Alabama.
Speaker 1 (10:44):
Hayden, Alabama is a great area. Three forty five, three
forty five, five percent down, five percent down back to
mister Mounts.
Speaker 2 (10:55):
So it's gonna be a high number.
Speaker 3 (10:57):
High number. It's five percent.
Speaker 5 (10:59):
How so you're only putting down like nine thousand, ten
thousand dollars something like that. So h.
Speaker 2 (11:07):
More than that?
Speaker 5 (11:08):
Yep, fifteen thousand, five Yeah, five five a three percent,
yea five percent.
Speaker 3 (11:14):
Uh So still twenty five hundred.
Speaker 1 (11:19):
Twenty five hundred for mister Mounts, John Michael.
Speaker 2 (11:25):
Twenty four hundred.
Speaker 3 (11:27):
He's trying to prices. Write me right there, would you say?
Speaker 1 (11:30):
John? Twenty five hundred. Actual payton was twenty one twenty six.
It was a clean sweep for John Michael Brand. He's
letting me win since I'm the guest. He let him win.
Speaker 3 (11:41):
You get that now.
Speaker 5 (11:42):
Normally the prize is the post it note that all
this stuff was written, So is their.
Speaker 1 (11:46):
Post it note, and I give it to you afterwards. Yes,
I may need to. I don't think I may have
a note or two on their numbs. I think you're good.
You can keep it all right, so real quick. You
know a lot of folks out of ten, we're getting
everything put together. I don't know about all the contracts
this week, but I do know there were a couple
of contracts this week, and so I know Tony McDaniels
(12:08):
had a contract. I know Kyle Bedgood had a contract.
I know Walker Gant had a contract. Ashley Carr had
a contract. I know you said you just got a
listing that when we went over a minute ago, and
all that good stuff. So shout out to all you
guys really grinding this week and getting everything going and
keeping keeping keeping property getting sold in Birmingham, flourishing and
(12:28):
everything else. But uh, but guess what time it is.
Speaker 5 (12:35):
That's right, it's testimonial time.
Speaker 3 (12:40):
Come on, you gotta help us out.
Speaker 5 (12:41):
I kind of confused where we're going, so it was
like when they're confused. When that happens, I know that
that's one of my favorite parts. So here's what we're
gonna do today. I did not know.
Speaker 1 (12:51):
I didn't have a review to read, so I'm gonna
give a I'm gonna give my five star review of
the Gusty Gilliscroup today. All Right, Gusty and his team
were amazed. Everything they did along the step of the
way was one hundred percent exactly how you would like it.
Gusty was on top of everything. The whole team was
on top of everything, between Jake helping getting signs out there,
(13:12):
Laura keeping things straight on the coordination, I could not
have been and it could not have been a better experience.
Gusty was dead on with the pricing of the house,
dead on with everything else that went with it. It
was it made us comfortable with the whole process, how
clean and a fishing everything was. And I could not
give the Gusty Goulis Group more than five stars, but
if I could, I would. I'd give it that they
(13:33):
did a great job across the board. So Gusty Goulis
Group and Gusty Goulis. Congratulations on another five star review.
All right, everybody crazy, this is bored and Sold. Gusty
Gillis is not here today. We're gonna take a break
when come right back, talk about the market, kind of
what we're seeing, and maybe some fun stuff that maybe
you either want to do on the fourth of July
usually do on the fourth of July, or just just
(13:54):
kind of talk it out a little bit about what
you like to eat. All right, so we'll go back.
We'll be back here shortly and back to borrowed and Sold. Well,
come back to borrowed and Sold. This is Brad Smith
with Cross Country Mortgage. You can always see me at
bradsmith loans dot com. Got all my contact information there,
(14:14):
all kinds of cool tools and resources and everything else.
So that's my that's my shameless plug for the day.
But more importantly, let's get back to kind of the
Gusty Gillis group and there's shows and uh bought, borrow
and sold. We're gonna get a couple of market updates,
and then I'm gonna kind of tell funny story about
about that my house situation when we sold it and
it was all all good but it's just it's just
kind of funny about just people are different and you
(14:35):
never know who's gonna walk in and everything else. But
just real quick, John Michael, what are you seeing? I
know you said you got a purchase of a list
price figured out today on a listing, and uh, just
kind of what you're seeing the market, kind of what
your expectations are for the rest of the summer, and
kind of what your goals are for the I guess
the second half of the year.
Speaker 4 (14:52):
Yeah, working with a couple of buyers right now, just
looking for that perfect home, you know, with location, layout,
talking about that on your on your house and timing. Uh,
so you got to factor all that in put the
puzzle piece together for the buyers of about you know,
I went to a listing appointment yesterday. She's looking to downsize.
(15:15):
She's in a four bedroom, two story three house and
all our kids have uh you know, graduated and moved
and so she's looking to downsize. Can't find the perfect
house to move into. So we talked about renting for
a year. And so it's putting those puzzle pieces together
and we came up with a strategy plan of of
(15:37):
paint and flooring and some things to do for the
house before we put it on the market.
Speaker 2 (15:42):
So it was a good meeting yesterday. And uh so, yeah.
Speaker 4 (15:46):
Basically just putting the puzzle pieces together and finding those
fits and what what what's the right thing for the
right people?
Speaker 1 (15:53):
Some people, you know, we see this all the time.
Some people are in a hurry and got to find
something no matter what. You know, it may not be perfect,
but they got to get something. And some are wanting
to do something, but it's got to be the right thing.
And so you know, it's sometimes you know, it's all
different on if you're in if you're in this rush, rush, rush,
we got to get something now or it's got to
be perfect. And then sometimes they want the perfect house
and it's in a rush, and those are always fun,
aren't they?
Speaker 2 (16:13):
Right?
Speaker 1 (16:14):
So uh so you know that all you know depends
on the market and everything else. Real quick, on the
on on mortgage rates that they were pretty flat this week.
Uh they've busted well above the twenty five fifty one
hundred day two in a day moving averages. So they've
kind of settled in between some other a ceiling and
floor right now, and they're just kind of bouncing in
between the two Fibonacci levels, which are you know you
(16:36):
let you know, I always love to be a drop
Fibonacci and uh and so there. So there's some pretty
strong supports that should keep it in in that little
range where it could bounce in eighth up, eight down,
eighth up, eight down, But but nothing that should be
pressuring it too much this weekend to make any kind
of wild changes or adjustments. I think I think inflation
(16:56):
looks like it's in check. I think the labor market
is getting me extra reviews right now, so I'm not
sure the bond market knows how to respond to it.
Where bls or job report kind of contradicted you to
the ADP reports, we are seeing a slower slowing in wages.
We are seeing average hours work per week decreasing, so
so some of those some of those things have come
(17:17):
in a little lower than expected. We're still above one
point nine million getting unemployment benefits, and it's creeping up
closer to two. The reason that's interesting is because you've
got most states have a six month window there where
you get those benefits. And so if we're if we're
adding more than are dropping off, and we get above
that two million, that's kind of another it'd be good
for mortgage rates, but you know, nobody's rooting for more
(17:40):
people receiving unemployment benefits, and so those are the kind
of things that are triggers. But we're still sitting thirty uh,
thirty year average right now. It's a little under seven,
you know, I'd say it's probably around six little about
six point eight is thirty year fixed on the national average,
you know, depending on credit and everything else. So that's
kind of where we're seeing in the market. You know,
reach out any time if you're just curious about what's
(18:01):
going on, and you know, we've actually had a lot
of people recently. You know, people are at these two
and a half percent rates, three percent rates, three a
half percent rates, reach out and chuch.
Speaker 3 (18:10):
You know.
Speaker 1 (18:10):
But if you've got but your house has been appreciating
this whole time, and you may have other debts, you
may have car debts, you may have other things, use
your equity because it's still can be attacked right off.
It's still is going to be lower than some of
the instruts you've gone your houses, credit card debts and
everything else. Tap you may have bought this house for
you know, shoes even numbers at national average appreciation has
been about four percent. You bought your house in twenty
twenty now or five years later, you bought that house
(18:32):
for four hundred thousand dollars. You know, you're you're looking
at you're probably at you know, the house is probably
worth five twenty five, five point fifty now if it
just stayed along the normal averages over the years, and so,
you know, you put twenty percent down, then you'll three
you know, now you've got another one hundred thousand, you
might get tap into, pay all your debts off, get
your payments down, and get it back on and use
(18:55):
that equity for you. So that's something else to look into. Also,
don't don't be hung up on just what rates are.
Look get your total debt structure and everything else. All right,
we've got a we've got a little less than five
minutes left. We've got about four minutes left. Just real quick,
I'll just kind of tell the story. So so Gusty
had you know, Gusty came through to walk through our
house kind of said, you know, it's really you know,
(19:17):
don't don't that didn't need a lot to do to
get it ready. I mean, besides really just getting our
chunk and just we just we just have accumulated so
much junk over the year. So it's really just getting
the basement kind of tidied up and not you know,
the house looked like we lived in it and have
you know any any time for kids there, you know,
and so that's what it looked like. And so getting
it kind of looking like it was ready to be
sold to somebody and not that it was so lived
(19:39):
in and everything else. So we got it all ready.
Gusty sent me all, you know, all the comps kind
of what he had worked out on on the on
the on the list price, got all that, I was like, yeah,
I'd roll with it. I'm good with it. If you're
good like you're you're the professional man. I do this
every day. But I still like, I still can't do
what Gusty can do, just the access he has and
the knowledge he has of scene, what's going on in
(20:00):
the different markets, and so he was spot on. House
went live on a Thursday. We had three scheduled showings.
But the best part about it was so we we
were scrambling. We've got three big dogs, We've got ten chickens.
All right, So when you're trying to sell a house,
John Michael, if you if you're the listing agent and
(20:21):
you and your seller has three big dogs that live
inside and ten chickens in the backyard, trying to balance
all this out and trying to figure out where everything's
got to go when somebody's come to see it, it
is a challenge. Is a challenge and making sure it's
all good. So anyways, so we were we were shuttling
dogs in for this one day, and luckily we got
a contract on the first day from those first three
showings because that first that one day it was live.
(20:42):
It was I mean, we were shuffling dogs around, we
were putting hiding them somewhere. My wife had let the
chickens out between a showing and couldn't get them all
back up, So you were hiding, we were hiding were
The dogs are super sweet. The dogs are big and
they look tougher than they really are, so you know,
you just can't have them something and excited and everything else.
So anyways, so we get the feedback though the next
(21:04):
day on the three and it's like, hey, we may
be make an offer on one of them. One of
them says, uh was not expecting to be attacked by chickens,
you know. And so the chickens were out, and the
chickens are friendly. They think you're gonna give them a snack.
So they come running up like this like a cartoon
on most like they opened the back door to they
go to the back deck, and all of a sudden
they just get swarmed by the chickens. And so that's
(21:24):
all good feedback. But they were a little deterred by
the chickens. And then the last showing of the day
put we love the chickens, We're gonna, we're gonna, we're come.
We're gonna put our pen to paper make an offer. Well,
they ended up making an offer, went through the walkthrough.
When they came and did the walk through at the house,
I stayed back and the and the guy buying the
house was hanging out and he's like, you know, I mean,
if if y'all decide y'all want to leave the chickens,
(21:45):
I mean we would take them. I mean we're kind
of excited, like if y'all end up taking that's fine.
We'll end up getting our own coop and probably getting chickens.
Because we love the set up. It's like this was
like a whole thing of like, you know, it just
the right people, right time. Like the first day three showings,
one thought the chickens was a complete deterrent, even though
they loved the house and everything else. The other one
wanted not only didn't care that the chickens were there,
(22:06):
they wanted the chickens to stay. So we took our
we took a few of ours we considered pets, and
we left them a couple in the coop. But it
was just so funny just because it was like and
I text Gusty, I said, hey, I think they want
these chickens, and I mean don't don't put that on
in the dendum or anything, you know, like like you know,
and coop and six chickens of steaks. It really wasn't
part of the negotiation of any of it. It was kind
of after like I was like, you know, it's all
(22:26):
this's gonna be a bigger pain to move the chickens.
And so the chickens became this thing. And so once
we closed that night, I said, Okay, the chickens are
gonna start roosting, putting themselves up and roosting. A couple
of them are gonna get the tree. If you want
to get to help get them out of the tree and
show you what I do. So I wouldn't show them
how to feed them, water them, get them out of
the tree, get them in the coop, and everything else.
But it was just a lot of fun and it
(22:48):
was really cool and it was a great experience. But yeah,
I mean it was I mean, we it was just
bang bang bang closed in twenty eight days and it
was just like here we go. So we've been moving
the past week and a half, which is his own thing,
and that might be a whole nother show. But but anyways,
it was awesome and it was it was cool. It's
fun seeing people like be excited about it and it
just hitting the right person, right. Everything's gotta, you know,
come up the perfect house. It's gotta check check certain
(23:10):
boxes and sometimes sometimes it's chickens. Sometimes chickens are the box.
So anyways, I hope everyone has had a great Fourth
of July weekend. I hope everybody has a great week
coming up in the rest of their summer. John Michael Brandon,
thank you so much for being here, and we will
begin bobardonsold gustygoldscrip dot com and you can give them
a call anytime. Brad Smith, we are out. Have a
(23:33):
great weekend.
Good morning everybody. This is Brad Smith with Cross Country Mortgage.
Gusty is not with us today. He is out of town.
He'll be back next week. Happy Fourth of July weekend.
I mean it has been. It's it's just an awesome week.
I think every I think most everybody loves Fourth of July.
It's just it's just it's just a fun one and
and I'm I was pumped up and excited about it.
(00:23):
Gussie's not here. John Michael Brandon is with us today.
He has been in here before in the studio. He's
awesome and great to have him with us. Thank you
John Michael for being here.
Speaker 2 (00:30):
You're welcome.
Speaker 1 (00:31):
How are you? Man?
Speaker 2 (00:31):
Doing good and doing good? How are you?
Speaker 1 (00:33):
I'm doing great. Uh, just to be a little transparent today.
We are recording this on Thursday, July third, and so
it is airing on Sunday. So we have not had
the Fourth of July yet. So I'm excited about what's coming.
I'm excited about grilling out at the house. I don't
think I'm having kids kids this for the fourth so
it's gonna be just chilling and just like just doing
(00:53):
whatever we want to do, which is kind of I don't.
I don't remember the last time, you know there, Well,
got one in a baseball tournament, one has got a
basketball tournament or camp, and the other ones at the
beach with with my mom and dad. So it's like,
all right, we're just chilling. So but we did move
and I made getting that second segment and kind of
go into some of that. Uh, the Gusty Gulist Group
sought our house for us in Homewood and we're still
(01:15):
in Homewood and everything else up, but that closed last week,
and maybe a cool story just to kind of give
it a little bit of cool things that happened and
kind of talk about the Gusty Gulist Group team and
some of that stuff and kind of how how the
process win. It was smooth as it could be. But
but to start today, we are going to play the
game all right now with it being the fourth July weekend,
(01:37):
there are there are no open houses scheduled, so but
we we are gonna do. They have a couple of
active listings or active listing, a couple of coming soons,
so we're gonna use those to play the game today.
So we've got five good properties. John Michael is going
to give us the properties. He's gonna give us a
description of the first property. At the end, he's gonna
tellus the most important part of that property, and that
(01:57):
is what is the list price? How much do I
have to pay for this house if I want to
move there? Once he gives me that, then I will
give him in our esteem. Producer John Mounts, how are
you today? John?
Speaker 3 (02:08):
I am doing great. Thank you for recognizing me.
Speaker 1 (02:10):
Yes, sir, I will give them a potential down payment
that a buyer may make, and then they will guess
the thirty year fixed principal interest only monthly payment. The
closest wins. It doesn't matter if you're over under. You
can go buy a dollar down two dollars, whatever you
want to do. The goal is to win the game.
Who cares about the means? We got to get the
end right or the prize or the prize, the grand
(02:34):
prize of pride, and that what it is. And at
the number one prize of this whole game.
Speaker 3 (02:39):
I suppose so far.
Speaker 1 (02:40):
I suppose it is so far, so I man to
get gut. I guess I need to come up with prizes.
I'm host.
Speaker 3 (02:44):
Don't you just give away a house?
Speaker 2 (02:46):
Or something like that.
Speaker 1 (02:46):
Yeah we give away a house. Maybe I don't give away. Yeah,
we'll give away a house. That's basically what that gets
into my story in the next segment. All right, So anyways,
John Michael, Yes, first property. What you got for us?
Speaker 4 (02:58):
First property on the game, and that is going active.
It's twenty four to twenty one Jamestown Drive in Hoover,
overall HVAC area twenty sixty two with a living area
eighteen sixty two. It's listed that three hundred and sixty
five thousand. It's a three bedroom, three bath house in Hoover.
(03:19):
So the list price is three sixty five, three.
Speaker 1 (03:22):
Sixty five, three sixty five. Go on line, check it out.
Go up at the gustygouglesgroup dot com and you can
see that property along with a bunch of others and
see if something you want to take a look at.
You always retoup to John Michael or anybody on the team.
Three sixty five, three sixty five. We're gonna put ten
percent down on this first one, ten percent down on
this first one. John is here every week, so he
(03:43):
gets to go first. This time he gets to go first.
You're the pro.
Speaker 5 (03:46):
Now, John, I wouldn't go that far, okay, So ten
down on three sixty five, so that means thirty six
k down, So financing like three thirty five or three
three and have a good way to good thing to
base this on. So I'm gonna say twenty two hundred
(04:07):
dollars a month.
Speaker 1 (04:08):
Twenty two hundred, John Michael, what are you thinking?
Speaker 5 (04:13):
Oh?
Speaker 4 (04:13):
I think it's probably a little bit more, all right,
So twenty four seventy five, twenty.
Speaker 1 (04:22):
Four seventy five. They're making me do math early. John
Michael Brandon gets round one. The actual payment was two thousand,
three hundred and sixty seven dollars. So y'all are just
about had it dead in the middle. Yeah, so I
had to make sure I was carrying the right the
one or the two.
Speaker 3 (04:40):
Are you saying we were equally awful?
Speaker 1 (04:43):
No, no, no, no, I feel like I think that
set up a good I think one hundred dollars give
her a little bit around is pretty good. Guessing on
the fly like this. The rates are changing, you don't
ever know what's going on, So I think that's a
good one, all right. John Michael Brandon takes the lead
for round one. All right. Property number two John Michael,
what you got.
Speaker 4 (05:00):
Yeah, so our team has one that's coming soon. The
address is thirty one ninety love Lolly Lane. If I
said that, oh is that lob Lollyly.
Speaker 3 (05:13):
That'd be fun.
Speaker 5 (05:14):
That'd be a fun house to have and be able
to say that every time when your address comes up.
Speaker 1 (05:18):
Yes, it'd be fine. I feel like that's something from
robin Hood, like the cartoon with like blue is the
you know what I'm talking about with the foxes and
are the Foxes of robin Hood anyways, anyways, I feel
like that's something they said in the There was.
Speaker 5 (05:30):
If you ever saw the show Arrested Development, there was
a lawyer on there and his name was Bob blah blah.
Speaker 4 (05:34):
Yeah, all right, sorry, No, it's right. It's a three
bedroom home. The list price is one sixty.
Speaker 1 (05:41):
Nine, one sixty nine nine, three percent down, three percent down,
making you do some tough map. We are going to
John Michael first around.
Speaker 4 (05:52):
Two okay, so three ones, so we're probably around.
Speaker 3 (06:04):
See the wheels turning twelve hundred.
Speaker 1 (06:07):
Twelve hundred for John Michael.
Speaker 5 (06:13):
I'm gonna come in a little above that, say, thirteen hundred.
The actual payment was one thousand and sixty eight dollars.
John Michael gets round two.
Speaker 2 (06:24):
He's letting me win.
Speaker 1 (06:27):
He let his guard down. He's letting his guard down
thinking he's got an easy day today. Now honestly, I
just just cared. He's like round the three. That's close enough,
good deal, all right, Property number three, John Michael.
Speaker 2 (06:45):
Okay.
Speaker 4 (06:46):
So the other house that our team has coming soon
is twelve oh one Heritage Way and Birmingham. It's a
four bedroom house. The list price is two nine two.
Speaker 1 (06:59):
Ninety nine nine, five percent down, five percent down to
ninety nine nine. We were back to John mal back
to me, three percent down, five percent down.
Speaker 5 (07:11):
Five percent down on three hundred k basically, h so
ten percent would have been would be thirty so five
percently fifteen thousand. So I'm gonna say twenty twenty four hundred, how.
Speaker 4 (07:31):
Would you say down five percent on three hundred two
thousand and fifty? How would you say two thousand and fifty,
two thousand and fifty. The actual payment was eighteen hundred
and forty seven dollars. Rights have been getting better, Rights
(07:51):
have been getting better.
Speaker 5 (07:52):
I'm gonna say a little bit. We see, we don't
we don't know the rates that's the problem. We're having
a Yeah, yeah, we're having a guess.
Speaker 1 (08:00):
You got to guess, that's right, gotta guess. All right,
that's the name of the game. You know. Again, I'm
glad I'm not guessing. Let's not get the calculator.
Speaker 3 (08:08):
Yeah, it's not calculating the mortgage payment, it's guess.
Speaker 1 (08:10):
The marks I type it in, so I you know,
I'm not doing it in my head. I like, I
liked my position as the host. Again. Uh, we got
two more properties to go over. Remember you can check
all these out at gusygillsgrip dot Gustygoulasgroup dot com and
you can also give them a call two zero five
five four two nineteen ninety six Property number four, John Michael,
(08:32):
What you got?
Speaker 2 (08:33):
All right?
Speaker 4 (08:33):
So we have another one that's coming soon, and this
one is in Trustful Uh, twenty eighty overlooked place, three
bedroom house built in twenty eighteen. The list price is
three fourteen nine hundred, so three hundred fourteen thy nine hundred.
Speaker 1 (08:50):
Three fourteen nine, putting twenty percent down, twenty percent down,
and we are back to John Michael going first.
Speaker 2 (08:59):
Twenty percent down. So that's going to be shoot. I
would say, nineteen.
Speaker 1 (09:13):
Hundred, nineteen hundred for John Michael.
Speaker 2 (09:16):
Sure I could have guessed better.
Speaker 5 (09:17):
But so you're throwing us a turk curveball because the
first one was thirty, was three hundred and sixty five,
and the third one was three hundred, and this was
right in between the two. But because you're looking at
twenty percent.
Speaker 2 (09:29):
Down, I know, that's why I've just had a brain fart.
Speaker 3 (09:31):
So you're putting it.
Speaker 5 (09:32):
So we're putting down like, you know, sixty sixty three
thousand dollars, which gets the price down to you know,
somewhere around two hundred.
Speaker 3 (09:39):
And you know, to fifty ish, Yeah, to fifty ish.
Speaker 5 (09:41):
So that being the case, we're closer to the price
of the second home. And I can't read my own writing,
so I'm gonna.
Speaker 2 (09:49):
Say how he's riding this day?
Speaker 3 (09:51):
Yeah, I was.
Speaker 5 (09:52):
Told I could write down. Oh for sure, I'm gonna
say eleven hundred dollars. Eleven hundred dollars. The actual payment
was one thousand, six hundred and thirty three dollars. Son
Michael gets round four, dude clean sweet See, even with
writing things down, it still doesn't help me.
Speaker 4 (10:11):
Yeah, maybe it hurts all right, We got one more,
John Michael, we got one more. Let's do it, okay,
So we got one more of this coming soon, that's
going active next week. It's in Hayden, Alabama, eighty four
to twenty four US Highway thirty one, three bedroom, two
and a half bath on a one acre lot. And
(10:31):
like I said, it's coming soon right now, and it'll
be active on this coming Thursday. The list price is
three hundred and forty five thousand dollars. This house is
in Hayden, Alabama.
Speaker 1 (10:44):
Hayden, Alabama is a great area. Three forty five, three
forty five, five percent down, five percent down back to
mister Mounts.
Speaker 2 (10:55):
So it's gonna be a high number.
Speaker 3 (10:57):
High number. It's five percent.
Speaker 5 (10:59):
How so you're only putting down like nine thousand, ten
thousand dollars something like that. So h.
Speaker 2 (11:07):
More than that?
Speaker 5 (11:08):
Yep, fifteen thousand, five Yeah, five five a three percent,
yea five percent.
Speaker 3 (11:14):
Uh So still twenty five hundred.
Speaker 1 (11:19):
Twenty five hundred for mister Mounts, John Michael.
Speaker 2 (11:25):
Twenty four hundred.
Speaker 3 (11:27):
He's trying to prices. Write me right there, would you say?
Speaker 1 (11:30):
John? Twenty five hundred. Actual payton was twenty one twenty six.
It was a clean sweep for John Michael Brand. He's
letting me win since I'm the guest. He let him win.
Speaker 3 (11:41):
You get that now.
Speaker 5 (11:42):
Normally the prize is the post it note that all
this stuff was written, So is their.
Speaker 1 (11:46):
Post it note, and I give it to you afterwards. Yes,
I may need to. I don't think I may have
a note or two on their numbs. I think you're good.
You can keep it all right, so real quick. You
know a lot of folks out of ten, we're getting
everything put together. I don't know about all the contracts
this week, but I do know there were a couple
of contracts this week, and so I know Tony McDaniels
(12:08):
had a contract. I know Kyle Bedgood had a contract.
I know Walker Gant had a contract. Ashley Carr had
a contract. I know you said you just got a
listing that when we went over a minute ago, and
all that good stuff. So shout out to all you
guys really grinding this week and getting everything going and
keeping keeping keeping property getting sold in Birmingham, flourishing and
(12:28):
everything else. But uh, but guess what time it is.
Speaker 5 (12:35):
That's right, it's testimonial time.
Speaker 3 (12:40):
Come on, you gotta help us out.
Speaker 5 (12:41):
I kind of confused where we're going, so it was
like when they're confused. When that happens, I know that
that's one of my favorite parts. So here's what we're
gonna do today. I did not know.
Speaker 1 (12:51):
I didn't have a review to read, so I'm gonna
give a I'm gonna give my five star review of
the Gusty Gilliscroup today. All Right, Gusty and his team
were amazed. Everything they did along the step of the
way was one hundred percent exactly how you would like it.
Gusty was on top of everything. The whole team was
on top of everything, between Jake helping getting signs out there,
(13:12):
Laura keeping things straight on the coordination, I could not
have been and it could not have been a better experience.
Gusty was dead on with the pricing of the house,
dead on with everything else that went with it. It
was it made us comfortable with the whole process, how
clean and a fishing everything was. And I could not
give the Gusty Goulis Group more than five stars, but
if I could, I would. I'd give it that they
(13:33):
did a great job across the board. So Gusty Goulis
Group and Gusty Goulis. Congratulations on another five star review.
All right, everybody crazy, this is bored and Sold. Gusty
Gillis is not here today. We're gonna take a break
when come right back, talk about the market, kind of
what we're seeing, and maybe some fun stuff that maybe
you either want to do on the fourth of July
usually do on the fourth of July, or just just
(13:54):
kind of talk it out a little bit about what
you like to eat. All right, so we'll go back.
We'll be back here shortly and back to borrowed and Sold. Well,
come back to borrowed and Sold. This is Brad Smith
with Cross Country Mortgage. You can always see me at
bradsmith loans dot com. Got all my contact information there,
(14:14):
all kinds of cool tools and resources and everything else.
So that's my that's my shameless plug for the day.
But more importantly, let's get back to kind of the
Gusty Gillis group and there's shows and uh bought, borrow
and sold. We're gonna get a couple of market updates,
and then I'm gonna kind of tell funny story about
about that my house situation when we sold it and
it was all all good but it's just it's just
kind of funny about just people are different and you
(14:35):
never know who's gonna walk in and everything else. But
just real quick, John Michael, what are you seeing? I
know you said you got a purchase of a list
price figured out today on a listing, and uh, just
kind of what you're seeing the market, kind of what
your expectations are for the rest of the summer, and
kind of what your goals are for the I guess
the second half of the year.
Speaker 4 (14:52):
Yeah, working with a couple of buyers right now, just
looking for that perfect home, you know, with location, layout,
talking about that on your on your house and timing. Uh,
so you got to factor all that in put the
puzzle piece together for the buyers of about you know,
I went to a listing appointment yesterday. She's looking to downsize.
(15:15):
She's in a four bedroom, two story three house and
all our kids have uh you know, graduated and moved
and so she's looking to downsize. Can't find the perfect
house to move into. So we talked about renting for
a year. And so it's putting those puzzle pieces together
and we came up with a strategy plan of of
(15:37):
paint and flooring and some things to do for the
house before we put it on the market.
Speaker 2 (15:42):
So it was a good meeting yesterday. And uh so, yeah.
Speaker 4 (15:46):
Basically just putting the puzzle pieces together and finding those
fits and what what what's the right thing for the
right people?
Speaker 1 (15:53):
Some people, you know, we see this all the time.
Some people are in a hurry and got to find
something no matter what. You know, it may not be perfect,
but they got to get something. And some are wanting
to do something, but it's got to be the right thing.
And so you know, it's sometimes you know, it's all
different on if you're in if you're in this rush, rush, rush,
we got to get something now or it's got to
be perfect. And then sometimes they want the perfect house
and it's in a rush, and those are always fun,
aren't they?
Speaker 2 (16:13):
Right?
Speaker 1 (16:14):
So uh so you know that all you know depends
on the market and everything else. Real quick, on the
on on mortgage rates that they were pretty flat this week.
Uh they've busted well above the twenty five fifty one
hundred day two in a day moving averages. So they've
kind of settled in between some other a ceiling and
floor right now, and they're just kind of bouncing in
between the two Fibonacci levels, which are you know you
(16:36):
let you know, I always love to be a drop
Fibonacci and uh and so there. So there's some pretty
strong supports that should keep it in in that little
range where it could bounce in eighth up, eight down,
eighth up, eight down, But but nothing that should be
pressuring it too much this weekend to make any kind
of wild changes or adjustments. I think I think inflation
(16:56):
looks like it's in check. I think the labor market
is getting me extra reviews right now, so I'm not
sure the bond market knows how to respond to it.
Where bls or job report kind of contradicted you to
the ADP reports, we are seeing a slower slowing in wages.
We are seeing average hours work per week decreasing, so
so some of those some of those things have come
(17:17):
in a little lower than expected. We're still above one
point nine million getting unemployment benefits, and it's creeping up
closer to two. The reason that's interesting is because you've
got most states have a six month window there where
you get those benefits. And so if we're if we're
adding more than are dropping off, and we get above
that two million, that's kind of another it'd be good
for mortgage rates, but you know, nobody's rooting for more
(17:40):
people receiving unemployment benefits, and so those are the kind
of things that are triggers. But we're still sitting thirty uh,
thirty year average right now. It's a little under seven,
you know, I'd say it's probably around six little about
six point eight is thirty year fixed on the national average,
you know, depending on credit and everything else. So that's
kind of where we're seeing in the market. You know,
reach out any time if you're just curious about what's
(18:01):
going on, and you know, we've actually had a lot
of people recently. You know, people are at these two
and a half percent rates, three percent rates, three a
half percent rates, reach out and chuch.
Speaker 3 (18:10):
You know.
Speaker 1 (18:10):
But if you've got but your house has been appreciating
this whole time, and you may have other debts, you
may have car debts, you may have other things, use
your equity because it's still can be attacked right off.
It's still is going to be lower than some of
the instruts you've gone your houses, credit card debts and
everything else. Tap you may have bought this house for
you know, shoes even numbers at national average appreciation has
been about four percent. You bought your house in twenty
twenty now or five years later, you bought that house
(18:32):
for four hundred thousand dollars. You know, you're you're looking
at you're probably at you know, the house is probably
worth five twenty five, five point fifty now if it
just stayed along the normal averages over the years, and so,
you know, you put twenty percent down, then you'll three
you know, now you've got another one hundred thousand, you
might get tap into, pay all your debts off, get
your payments down, and get it back on and use
(18:55):
that equity for you. So that's something else to look into. Also,
don't don't be hung up on just what rates are.
Look get your total debt structure and everything else. All right,
we've got a we've got a little less than five
minutes left. We've got about four minutes left. Just real quick,
I'll just kind of tell the story. So so Gusty
had you know, Gusty came through to walk through our
house kind of said, you know, it's really you know,
(19:17):
don't don't that didn't need a lot to do to
get it ready. I mean, besides really just getting our
chunk and just we just we just have accumulated so
much junk over the year. So it's really just getting
the basement kind of tidied up and not you know,
the house looked like we lived in it and have
you know any any time for kids there, you know,
and so that's what it looked like. And so getting
it kind of looking like it was ready to be
sold to somebody and not that it was so lived
(19:39):
in and everything else. So we got it all ready.
Gusty sent me all, you know, all the comps kind
of what he had worked out on on the on
the on the list price, got all that, I was like, yeah,
I'd roll with it. I'm good with it. If you're
good like you're you're the professional man. I do this
every day. But I still like, I still can't do
what Gusty can do, just the access he has and
the knowledge he has of scene, what's going on in
(20:00):
the different markets, and so he was spot on. House
went live on a Thursday. We had three scheduled showings.
But the best part about it was so we we
were scrambling. We've got three big dogs, We've got ten chickens.
All right, So when you're trying to sell a house,
John Michael, if you if you're the listing agent and
(20:21):
you and your seller has three big dogs that live
inside and ten chickens in the backyard, trying to balance
all this out and trying to figure out where everything's
got to go when somebody's come to see it, it
is a challenge. Is a challenge and making sure it's
all good. So anyways, so we were we were shuttling
dogs in for this one day, and luckily we got
a contract on the first day from those first three
showings because that first that one day it was live.
(20:42):
It was I mean, we were shuffling dogs around, we
were putting hiding them somewhere. My wife had let the
chickens out between a showing and couldn't get them all
back up, So you were hiding, we were hiding were
The dogs are super sweet. The dogs are big and
they look tougher than they really are, so you know,
you just can't have them something and excited and everything else.
So anyways, so we get the feedback though the next
(21:04):
day on the three and it's like, hey, we may
be make an offer on one of them. One of
them says, uh was not expecting to be attacked by chickens,
you know. And so the chickens were out, and the
chickens are friendly. They think you're gonna give them a snack.
So they come running up like this like a cartoon
on most like they opened the back door to they
go to the back deck, and all of a sudden
they just get swarmed by the chickens. And so that's
(21:24):
all good feedback. But they were a little deterred by
the chickens. And then the last showing of the day
put we love the chickens, We're gonna, we're gonna, we're come.
We're gonna put our pen to paper make an offer. Well,
they ended up making an offer, went through the walkthrough.
When they came and did the walk through at the house,
I stayed back and the and the guy buying the
house was hanging out and he's like, you know, I mean,
if if y'all decide y'all want to leave the chickens,
(21:45):
I mean we would take them. I mean we're kind
of excited, like if y'all end up taking that's fine.
We'll end up getting our own coop and probably getting chickens.
Because we love the set up. It's like this was
like a whole thing of like, you know, it just
the right people, right time. Like the first day three showings,
one thought the chickens was a complete deterrent, even though
they loved the house and everything else. The other one
wanted not only didn't care that the chickens were there,
(22:06):
they wanted the chickens to stay. So we took our
we took a few of ours we considered pets, and
we left them a couple in the coop. But it
was just so funny just because it was like and
I text Gusty, I said, hey, I think they want
these chickens, and I mean don't don't put that on
in the dendum or anything, you know, like like you know,
and coop and six chickens of steaks. It really wasn't
part of the negotiation of any of it. It was kind
of after like I was like, you know, it's all
(22:26):
this's gonna be a bigger pain to move the chickens.
And so the chickens became this thing. And so once
we closed that night, I said, Okay, the chickens are
gonna start roosting, putting themselves up and roosting. A couple
of them are gonna get the tree. If you want
to get to help get them out of the tree and
show you what I do. So I wouldn't show them
how to feed them, water them, get them out of
the tree, get them in the coop, and everything else.
But it was just a lot of fun and it
(22:48):
was really cool and it was a great experience. But yeah,
I mean it was I mean, we it was just
bang bang bang closed in twenty eight days and it
was just like here we go. So we've been moving
the past week and a half, which is his own thing,
and that might be a whole nother show. But but anyways,
it was awesome and it was it was cool. It's
fun seeing people like be excited about it and it
just hitting the right person, right. Everything's gotta, you know,
come up the perfect house. It's gotta check check certain
(23:10):
boxes and sometimes sometimes it's chickens. Sometimes chickens are the box.
So anyways, I hope everyone has had a great Fourth
of July weekend. I hope everybody has a great week
coming up in the rest of their summer. John Michael Brandon,
thank you so much for being here, and we will
begin bobardonsold gustygoldscrip dot com and you can give them
a call anytime. Brad Smith, we are out. Have a
(23:33):
great weekend.
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Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.