Episode Transcript
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Speaker 1 (00:00):
All right, welcome to Bob Bart and Soul. Thanks so
much for joining us today. As always, we've got Brad
Smith from Cross Country Mortgage Bradsmithlans dot Com hanging out
with us and uh, man, what's going on, Brad. You've
You've had a busy week, haven't you.
Speaker 2 (00:15):
Man, I think we could spend a show just us
going through, like recapping kind of like what all we've
done on my personal stuff, and we don't have to
get all the way into today. We've got a lot
of you've got a lot of open houses and stuff.
But it is, uh, just real quick gussy the list
at our house. We sold it pretty quick, did everything
like he's supposed to do and says on this show,
and it was pretty amazing. And uh, but we have
been spent the last five days just absolutely moving, just NonStop,
(00:40):
and so it's it's been a little bit of a challenge,
but it's been awesome. And uh, we were super thankful
for you and everything you did to help us get
it that promise.
Speaker 1 (00:46):
Yeah, and I appreciate it, appreciate it. Congratulations and you know,
moving is just not fine and not easy.
Speaker 3 (00:52):
It's difficult.
Speaker 1 (00:53):
There's you you probably and through this process, probably found
things that you've been looking for for a couple of years.
You found things that you probably thought you threw away
more a lot more of that, you know, a lot,
and then found things that you need to throw away.
Speaker 3 (01:08):
Then found lots like we have it.
Speaker 2 (01:10):
We have a Baxter bag coming today at the at
the rental and we're gonna just dump everything in there
till we get everything cold out in the next couple
of days. So but no, it's a it's been a
constant state of sweat this week. You know, it's just
been it's been the humidity and the heat and not
constantly moving.
Speaker 3 (01:26):
But yeah, you know, you think you have it.
Speaker 2 (01:28):
You know it's gonna be bad, but I feel like
it's always just a little worse than you.
Speaker 3 (01:31):
It's just tough. It's just difficult.
Speaker 2 (01:33):
You always have more stuff than you think. You have
no doubt about it anyway about it.
Speaker 3 (01:37):
But no, it's been great. So yeah, well we here,
we'll good glad for you to be here.
Speaker 1 (01:41):
We've got some uh, we've got some open houses that
we're going to talk about. We've got some new listings,
some coming soons. We're gonna we're gonna get the mortgage
game going, and then in our next segment we are
going to be talking about what we're seeing in the
market over the last week. I do want to give
a couple of shout outs.
Speaker 3 (01:55):
Awesome.
Speaker 1 (01:57):
So Laura, who is our closing coordinator on our team,
she shoots me a message and we had seven homes
go under contract over the past week. So I want
to give shout outs to Carla Diliberto. She put three
homes under contract. Congratulations Carla. And then also Brionna Green,
Ashley Staggs, Graham Reesburg, and Walker Gant all had a
(02:20):
home go under contract this past week. So congratulations to
our team members. And I'll tell you one quick thing.
I want to give a shout out to Laura. Laura
Perez is our closing coordinator, and she just does a
phenomenal job. She's able to juggle, you know, at any time,
we've got probably forty contracts or more going and she
(02:40):
does an awesome job of just making sure that they
are getting from that contract to close process as thorough
as possible. Our staff, a lot of them been with
us for a good while and we have an amazing staff.
So Laura, our other staff, thank you all very much.
Speaker 2 (02:57):
Yeah, I mean, I mean it is constant for her
world just seems to be constant, just constant updates, constant communication,
constant something's coming.
Speaker 3 (03:05):
In some get air traffic control.
Speaker 2 (03:07):
Really, I mean, I mean it looks like she's in there,
probably in their trading stocks, I mean, just moving and shaking.
Well cool, Well, all right, well let's stick into the games.
So do you want to tell the rules? The rules
of the game. All right, Gusty's gonna go through some
I think he's going through some open houses first, but
then we're gonna go through some new listings they've got.
And then once once we get there, it's the same process.
(03:27):
He's gonna walk through it. But then when he gives
you after it gives you the awesome details and everything
about the properties we're going over, he will give the
most important part, and that is the purchase price yep.
And then I will give a potential down payment that
the borrow might make, and then Gusty and John will
do their best to guess the thirty year fixed monthly payment.
Speaker 1 (03:43):
All right, Well, I've got three open houses I'm gonna
talk about before we get the games going. So Bill,
all right, this afternoon from two to four one two
Morning Sun Drive that is off of Highway to eighty.
It's the Horizon Condos. That's a two bedroom, two bath
with eleven hundred and thirty six square feet and we're
asking one eighty four to nine. Go and see Kyle
(04:05):
Bedgood at one o two Morning Sun Drive this afternoon.
If you're looking for a condo, I mean one hundred
and eighty five thousand right off a Highway to eighty.
We've sold a bunch through the years over at Horizon
and great Community. It's got a pool, all those kind
of things. Let's see Our next one is going to
be open from eleven to one today in Chelsea ten
(04:27):
forty seven Springfield Drive and Chelsea Park. This one was
built in twenty fourteen, a three to two garden home
with fifteen and fifty two square feet at and this one,
go and see Ashley Stags at the open house. And
then we've also got this afternoon from two to four
you can see Ashley again in Chelsea three oh one
(04:50):
Normandy Lane. This subdivision is called Courtyard Manor.
Speaker 3 (04:55):
Uh.
Speaker 1 (04:55):
These are actually in the Pelham School District. It's Chelsea,
but Pelham School District. It's cool kind of one of
that old world looking houses. It's a it's got a
two car garage, but it also has a golf.
Speaker 3 (05:08):
Cart garage, which is pretty neat.
Speaker 1 (05:10):
That is four bedrooms, four bass, thirty one hundred and
eighty seven square feet, six hundred and twenty thousand dollars
six twenty.
Speaker 3 (05:17):
That's going. That's that's school system in your old stomping grounds.
Speaker 1 (05:19):
Yeah sure, no show enough, uh class you know Pellam
Panthers Class nine.
Speaker 3 (05:24):
Yeah, boy. And speaking of Pellam Panthers, our first new
listing of the week, Oh it brings me in.
Speaker 1 (05:31):
Yeah, it's we've got an open house also from two
to four. But it's a new listing in stone Haven
neighborhood one two stone Haven Trail. This was built in
two thousand on a zero point one nine of a lot,
an acre lot, three bedrooms, two bass, thirteen hundred and
seventy seven square feet and we are asking two hundred
and sixty five thousand dollars two hundred and sixty five
(05:55):
thousand dollars. And this listing is courtesy of Walker Gant.
This one's got a two car garage, it's got a
wooden deck, a pergola.
Speaker 3 (06:04):
And it's a fully fenced yard. So there you go.
That's awesome. All right, two sixty five, two sixty five.
Speaker 2 (06:11):
We're gonna put ten percent down on the two sixty five,
ten percent down, ten percent down, Gusty, you get the honor.
Speaker 1 (06:18):
Okay, all right, let's hear that beautiful bean footage music. Uh,
all right, two sixty five, ten percent down.
Speaker 3 (06:28):
I'm gonna go with m fourteen eighty one, fourteen eighty one.
Speaker 4 (06:42):
Once you got John, I'm gonna go with fourteen ninety two,
the year Columbus sailed the Ocean's blue.
Speaker 3 (06:50):
He always brings some sort of history or a year
thing anything I can do.
Speaker 2 (06:54):
That's why I always say that's a great year, and
I just wait for John to tell me what happened
in that year. I have no idea what happened. Well,
that rhyme so get able to know. That's that's one
of my favorite ones. Sor right, forty ninety two is
the closest to the actual payment of fifteen forty cent.
Speaker 3 (07:07):
John's hard, But.
Speaker 4 (07:09):
I don't know what happened in fifteen forty six.
Speaker 3 (07:13):
I bet I bet you could google it real quick.
Speaker 4 (07:16):
We were probably in Jamestown or something like that. I'm
sure we did something.
Speaker 1 (07:19):
All right, We've got our next new listing of the
week is in Midfield, three thirty six Burwood Avenue, built
in nineteen forty eight, three bedrooms, one bath, one thousand,
ninety three square feet, and we're asking ninety thousand for it.
Uh This one is listed a courtesy of Brionna Green. So, Brianna,
congratulations on your new listing. Ninety thousand dollars. I mean
(07:39):
you could make this as an investment and get some
cash flow going, some appreciation going.
Speaker 3 (07:45):
Uh so, yeah, ninety thousand.
Speaker 2 (07:47):
Dollars, great entry level points and just can do all
kinds of stuff, all right, ninety thousand dollars, ninety thousand
dollars putting three percent down, three percent down, three percent
now th percent down.
Speaker 4 (08:00):
Uh so, not much down, So not gonna do much
to that. So that's only gonna be like with nine,
it would be like twenty seven hundred dollars. So yeah,
so you're still financing like eighty six hundred dollars, eighty
six thousand dollars. So over thirty years, I'm gonna say
seven seventy.
Speaker 3 (08:21):
I'm gonna go with five eighty one.
Speaker 2 (08:26):
The actual payment five fifty one Gusty gets around two. Yeah, uh,
we got got it up. Hey do we got about
thirty seconds? Talk about what happened in fifteen forty six?
Speaker 3 (08:40):
Yeah? Sure, sure, what do you got?
Speaker 2 (08:42):
In fifteen forty six, the Treaty of Andres ended the
Italian War of fifteen forty two and fifteen forty six
between England and France. In the same year, the Small
Caucaldic War began in A Small Caucaldic War began in
Germany and Martin Luther died. Additionally, an Aski was convicted
of here see in England.
Speaker 4 (08:58):
That's why I had that year circle to my calendar.
Speaker 1 (09:02):
Yeah right, sorry, okay, Well, so you're gonna hear about
real estate, real estate in history.
Speaker 3 (09:08):
So real estate that's called really real state. All right.
Our next new listening of the week is in Leeds.
Speaker 1 (09:14):
It's a real story sitting on two acres three point
fifty Dragline Road and Leeds, Alabama, Saint Clair County. Built
in nineteen eighty nine. This is uh, well, it was
manufactured in nineteen eighty nine. Three bedrooms in two baths,
sixteen hundred and eighty square feet on two acres again
one eighty nine to nine one eighty nine nine. Nice
(09:35):
to have a two acre lot right close.
Speaker 3 (09:38):
Spind Yeah, alright one eight nine nine. This listing ex
courtesy of Blake Johnson Blake with his first.
Speaker 2 (09:43):
New list Nice Blake Block a block a yeah, oh yeah,
all right nine nine five percent down, five percent down.
Speaker 3 (09:52):
We're back to Gusty.
Speaker 1 (09:53):
We're by the way to twenty school district. That's kind
of been odd Leeds but Moody school district. Earlier it
was Chelsea but Pelham's school district. What's going on here?
It's crazy people? One are you know how many? How
much we putting down again?
Speaker 2 (10:05):
We're gonna put five, okay, and it's going to me
there's one. We're one to one right now.
Speaker 1 (10:10):
Yeah, I'm gonna go with the.
Speaker 3 (10:20):
Eleven sixty three, eleven sixty three?
Speaker 4 (10:28):
What your was the magna cart assigned in? Okay, I'll go,
I'll go ten seventy.
Speaker 2 (10:40):
Ten seventy. The actual payment was one thousand, one hundred
and forty dollars gust he gets around three.
Speaker 3 (10:49):
Man. It was close though, for real all right.
Speaker 1 (10:54):
And the last new listing of the week, UH is
in Vestavia twenty eight to thirty six Stavia Forest. This
is right off of Highway to eighty over there by
marks outdoors on one point one acre, built in nineteen
sixty two, four bedrooms, three baths. It's fifteen hundred and
ninety six square feet on the main it's got another
one thousand, thirty six square feet in the basement, five
(11:16):
hundred and fifteen thousand, five hundred and fifteen thousand, and
this backs up to a creek.
Speaker 3 (11:21):
So it's got this like really cool forest place. I
think it's Vestavia forest plate. Yeah, I believe. On my
sheet it just says Vestavia. My parents live on that street.
So yes, I believe, so, yes it is. It is
Vestavia Forest Place. Nice. There you go. Five fifteen. This
listing is also courtesy of Brianna Green.
Speaker 2 (11:39):
She has been been busy, she has been go Brianna,
get it all right?
Speaker 3 (11:44):
Five to fifteen? What you said, fought fifteen? All right?
Speaker 2 (11:47):
Five to fifteen? Going to John ten percent down? Okay,
ten percent down? Giving John some easier math here in
the last round.
Speaker 4 (11:54):
Yeah, but I have I have no idea in this
in this context.
Speaker 3 (11:57):
I parents live on the street. I don't know what
they paid their mortgage. They paid it off like twenty
years ago. They got the red front door. Yeah, they
says the red front door. He knows.
Speaker 2 (12:07):
Okay, that used to be a sign that your house
was paid off. You'd paid your front door red. Yeah,
I didn't even know that. Yeah, it used to be
a thing, like you if you if your house was
paid off, they paid the front door red to let
you know that was free and clear.
Speaker 4 (12:18):
No way, Yeah, they're but their front door has been
read since they bought it.
Speaker 2 (12:22):
So yeah, I'm just I'm just saying it was a thing.
I mean, they paid cat, it was. It's something I
I don't know why. I've known this for a long
time before. I was like somebody, somebody told me that
when I was a kid so much. When was when
I was a kid?
Speaker 3 (12:33):
They were lied? I don't know. So you yeah, five
point fifteen ten percent down.
Speaker 4 (12:41):
Again, I have no no context for this. So thirty six.
Speaker 1 (12:45):
Hundred twenty nine ninety seven twenty nine twenty nine was
the actual number.
Speaker 3 (12:55):
Gusty wins three to one today.
Speaker 1 (12:57):
BOM All right, Hey, we got a couple of uh
we've got coming soon and Hoover. Actually we've got like
three coming soons in Hoover. So if you've been looking
for for a place in Hoover. We've got stuff in
in the high threes. We've got some stuff in the fours,
we got some stuff in the high fives coming up.
(13:19):
So we've got some some nice listings coming up.
Speaker 3 (13:24):
We've also got some VIP buyer needs.
Speaker 1 (13:26):
But I know we're kind of running short on time
on the sege, so uh, I would just say, like,
you can always go to gustygulisgroup dot com. You can
always call or text two five five four two nineteen
ninety six. And if you were kind of considered selling,
we'd love to, uh to learn a little bit more
and see if we can kind of put the puzzle together,
(13:48):
build a plan of action, see if we can help you. Yeah,
you know, whether on or off market, we can help you.
So uh, that would be very cool. And you can
even get free updates every two weeks on the value
of your home, So you could literally go to our website,
put in your address and you can you can get
those emails, which is pretty sweet. Guess what time it is,
(14:12):
that's right.
Speaker 3 (14:13):
It's testimonial time, all right.
Speaker 1 (14:16):
So that was a good one. We're gonna just focus
on one today, and this was this is for Graham.
Graham helped walk us through the home buying process, answering
questions every step of the way. He was very knowledgeable
of the area and helped solve any issues that arose.
I will definitely use him again when it comes time
to sell and buy another house. So congratulations on your
(14:40):
new listing, and Graham, congratulations.
Speaker 2 (14:42):
On another five star review.
Speaker 1 (14:46):
Man, if you could have only seen John and how
excited he was and I love it all right, Well
that was our testimonial.
Speaker 2 (14:56):
Time you got you got me one more sentence update
real quick.
Speaker 3 (14:59):
Sure.
Speaker 2 (15:00):
In Scotland, a red front door is a symbolic representation
of a paid off mortgage. So it's a Scottish tradition.
Well I don't know why I've learned that. I mean,
I probably I don't have no idea when I picked
it up.
Speaker 1 (15:10):
But anyways, it's a Scottish that is I don't think
that is a that is good to know. Anyways, I
have never heard that, so all right, at least I
know there's an origin to it now and I didn't
just completely.
Speaker 4 (15:19):
You can handle like Sony pays in cash, you hand
him a bucket of red paint.
Speaker 3 (15:22):
There you go. I like it. I dig it.
Speaker 1 (15:25):
All right, Well, y'all stay tuned. We're going to talk
about what we're seeing in the mortgage world and the
activity over the last week right here on Bard and sold.
All right, welcome back to Barb, Broad and Soul. Thanks
so much for joining us each and every Sunday morning.
I wanted to give you know, we like to talk
about what we've been seeing in the market over the
last week. So Brad Bradsmithlans dot com with cross Country
(15:50):
Mortgage Buddy, what.
Speaker 3 (15:51):
You've been seeing here lately. We had a good week
rates that's great. We need it.
Speaker 2 (15:55):
Yeah, I mean we've probably had about a quarter lower,
like sixty bit movement that baby. I think after what
we talked about last week, some of the FED chairs
have kind of some of them changed their tune when
they got some backlash on so now they're all saying, no,
we think we we're still good for two great cuts
that we do think July.
Speaker 3 (16:10):
Are you saying the FED listeners to this show, somebody,
somebody's got a line.
Speaker 2 (16:15):
Now they got that iHeart radio. Yeah, So some of
them started pushing back a little bit on that on
those numbers. But we've also just had I mean We've
had a lot of crazy stuff going on internationally, so
it's been you know, you know, I never know how
that's going to impact with all the israel I ran
stuff and everything going on. But you know, the inflation
numbers are still showing that it's coming down. You know,
the tariffs so far don't seem to be impacting or
(16:36):
changing too much. Appreciation has slowed down a little bit
on the national stage for the you know, still appreciate
it like two and a half two point six percent,
but now from like three point four what was expected
on a national scale. So some of those things are encouraging.
The other thing that Thrower Reserves proposed to do some
deregulation on bank requirements, which would free up a ton
of funds for lending on the capital requirements, and so
(17:00):
adding the funds would help bring rates down as well.
And so all that's been very good response to the
market and everything as far as the rates go. So,
I mean, we're we're training the right direction, pending another
you know, some kind of crazy news cycle or something
coming out, like we're we're we've we've crossed over a
couple of thresholds and a couple of ceilings that we
want to get through, and we've kind of settled in
(17:20):
above it, so hopefully we're gonna settle in back more
into the mid sixes and and hopefully maybe keep coming down.
So I'd love that.
Speaker 1 (17:28):
I think that would excite I think it would excite
a lot of agents to see that. I think it
would excite a lot of home buyers. I mean, like
we've got a bunch of people that are sitting on
the sidelines, and I mean we probably have at any time.
I mean we've got I would say within a couple
(17:49):
of day period, we've got probably almost a thousand unique
people on our website looking at houses. That is, so
there's people that are just kind of sitting on the
sidelines wait for something, to wait for things.
Speaker 3 (18:03):
To pop, you know.
Speaker 1 (18:06):
So I mean and we send out alerts, yeah, I
don't know how. I mean, We've got like almost one
hundred thousand people in our database, so I mean we're
sending out all kinds of alerts, and I mean, like
people are looking at stuff all the time. I get
like I'll get on alerts on my phone if like
somebody hadn't been on the website and like a like
a thirty days and then they come back to the website,
(18:28):
I get an alert, so that tells me, hey, they're
they're probably back in the mix and taking a look.
Speaker 3 (18:33):
So they're clicking and bouncing it.
Speaker 1 (18:35):
And a lot of times it can be news of
potential rate cuts, or it could be a you know,
a house that they wanted to know that came up
on Vestavia Forest Place.
Speaker 3 (18:44):
Yeah, that they had to you know, had to check out.
Speaker 1 (18:46):
So you know that That's that's what we've been seeing
a little bit is people are just sitting on the sidelines,
and I think they're just waiting on the right house.
I think they've understood, like, hey, the rates have been
kind of where they're at for the last year.
Speaker 3 (19:00):
Are you never going to do anything for the rest
of your life?
Speaker 2 (19:01):
You know, It's like, and this is more in line
with what historical mortgage rates are. I mean, that's what
I keep having to remind people like this is this
is still historically in a low We're still in a
low mortgage rate environment, just not as low as we
were there for a decade, and it's because of other
economic factors that caused it that we don't necessarily really
want to get back into.
Speaker 3 (19:18):
Correct you know, so so let's be careful what we
asked for.
Speaker 2 (19:22):
There's kind of you know, there's kind of the devil
in the details, so you know some of these things.
But no, it's it's been. I mean it's all it's
all trending, and I feel like it's pretty solid.
Speaker 3 (19:31):
Yeah.
Speaker 2 (19:31):
To your point, I think there's like on the fence
and I think it is waiting for that right house.
And which was gonna ask you about kind of like
where where inventory is or which you are seeing inventory
wise or kind.
Speaker 1 (19:39):
Of like we're seeing inventory took up a little bit.
I don't think it's like a substantial amount. Yeah, but
I mean we're seeing some more inventory that's out there.
We're seeing more price changes pricing reductions, and that's really
hard to say because I mean, you can list your
house for really anything. Yeah, so it's kind of hard
to say, like, oh, if you know, fifty percent of
(20:01):
the homes have price changes blah blah blah blah this,
and it's like, well, it's kind of like it's kind
of hard to say if like you come out and
overprice your house, then you're basically chasing the market, right,
So there's kind of hard ways to kind of look
at those things. But there's some reports that to just
talk about like how many price changes there are in
(20:22):
the percentage of homes that have been on the market
for so long. But I think overall our days on
market really have been in that thirty to forty days. Yeah,
and then but you know, I mean.
Speaker 3 (20:33):
That's that's that's a pretty like good.
Speaker 1 (20:35):
That's a good like I mean, I mean in twenty ten,
I remember I literally put a house under contract in
seven days, and the average days on market was like
one hundred and twenty or one hundred and fifty at
that time, and people thought in seven days, like I
had created some sort of magic for this house, and
I was like, well, we just put our process and
our plan together.
Speaker 2 (20:55):
Yeah, and it just works, and the price work and
the price works. And that's the other thing I'm gonna
ask you too, is like you feel like you feel
like you have like not not y'all y'all's team, but
like you have the agents that are you know, they're
they're so eager to get a listing that they'll tell
the bar or anything as far as the list price.
And that's why those still longer, and they're already screwed,
so and people people want to think their house is
worth a lot more than they end up not ever
(21:16):
selling it and firing that agent anyways, and go and
get somebody that had told them from the front end,
so that you have a lot of that people like
just wanting to want to compete, Like if we put
a sales price on there, they're killing their money. To
your point, you can't. You can't force a square peg
in a round hole. Well, the market's gonna take you.
The people are gonna tell you it's worth what somebody
will pay for it.
Speaker 3 (21:33):
That's right.
Speaker 1 (21:34):
The market will tell you. Now, our job is to
try to get the max exposure for the market, and
then if we've got max exposure, then we're creating this
kind of like bonfire of prospects and then we can
go up on the price of a house. Like you know,
a couple of weeks ago, we had a house off
of coll Mill and we priced it what I thought
(21:56):
was a fair price. I didn't feel like we were
underpriced it by any means, but I thought we priced
it fairly, and we had it went for tens of
thousands over list price, but it was we realized that
the demand in that area neighborhood was obviously more than
the supply, but it just like people want to be there, right,
(22:17):
and so it was. It was a great dynamic and
and our seller is thrilled with the result. So but
I think overall, like what we what I tell folks
is I like to give people like a window list price,
and then I like to give them a recommended list price.
So I think, hey, we can probably list this from
this price range to this price range. But if it
(22:40):
was me, I would list it at this price. And
I've got some folks that would list it at my
recommended list price. I have some folks that would go,
like maybe on the higher measure of that window list price,
and then i''ll we have people that want to list
it for higher and then then we as agents have
just got to make that decision, like do we really
want to deal with this listing? Yeah, And I mean
(23:01):
there was one a couple of weeks ago that that
me and Freida on our team walked away from the
listing because it just we could not meet the terms
of what that seller wants.
Speaker 2 (23:10):
Well, And I mean, I'm sure like the rules that
game also is you want signs in the yard. But
you also don't want your sign in the same yard
for too long because then it also starts to get stuff.
So I mean you don't want to be in this
world either.
Speaker 3 (23:21):
Good stuff.
Speaker 1 (23:23):
Well, happy early fourth of July. Yeah, yeah, yeah, it's
coming up this week and I won't be here. John
Michael Brandon on our team is gonna sub in for me.
Speaker 3 (23:34):
He's done it a bunch of times, great with it.
Speaker 1 (23:36):
So I'm gonna be out of town and I'm gonna
leave the leave the keys for you, let you h
let you take control, and just you know, to.
Speaker 3 (23:44):
Be sure to tune in. There's no telling what you're
gonna get.
Speaker 1 (23:47):
Let's let's let's keep Let's keep it on air and
don't drive it through the ground.
Speaker 3 (23:50):
How about that? Okay? Try all right?
Speaker 1 (23:53):
Well, hey, we wish y'all an amazing rest of your
weekend and we'll catch you next time.
Speaker 3 (23:57):
See you