Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
All right, welcome to Bob barn and Soul. Thanks so
much for joining us today and hanging out in the
studio with us. We've got Brad Smith with a cross
country mortgage, and we've got John Michael Brannon from the
Gusty Goulis Group. Welcome, fellas.
Speaker 2 (00:14):
How are y'all good? How are you good? Good? It's
usually usually when John Michael's here, he's with me and
you're not here, and that's that's usually that's usually the flow.
So having everybody here is kind of nice.
Speaker 1 (00:24):
Yeah, that's right, that's right. Well, I think we've going
to have some exciting news to tell our folks with
mortgage rates. They're they're they're so Brad's gonna be talking
about that a little bit later on in the show,
and it's great news for us. But I want to
(00:45):
give a couple of shout outs to our team members.
We had three team members that were had their best
months ever, so I want to give some special shout
outs to those folks. Jonathan Weaver, Tony McDaniels, and Kyle Bedgood.
Congratulates on your best month ever. So that was pretty sweet. Woo.
(01:07):
Did you watch some wrestling over.
Speaker 2 (01:08):
This, No, somebody broke down something the other day and
they asked for to claps and Rick Flair and it's
got Now it's stuck in my head after after a
football game Tuesday, So okay, anyways, now it's just it's
in there.
Speaker 1 (01:19):
There it is. I mean, I'm a wrestling fan too,
so yeah, I've got like an old cousin that was
like one of the big wrestling promoters in Nashville back
in like the seventies.
Speaker 2 (01:31):
Oh nice. So I definitely had my wrestling times. None
of my kids have really ever been into it, but
there was those mid late nineties early two thousands were Yeah.
Speaker 1 (01:42):
I've got also some shout outs. We've got contracts over
this past week. Garrett Messer, Graham Reesburg, Alita Piedra, Tim Lance,
Kyle Bedgood, Isaac Marvin, John Riddle, and John Michael Brennan
hanging out with us. Let's go, I Liken, we like contracts.
So a solid contract week. Eight contracts over the past week.
(02:06):
So I'd say, you know.
Speaker 2 (02:08):
That's holiday weekend back the end of day.
Speaker 1 (02:11):
Yeah, yeah, for a holiday weekend. I think that that,
you know, it's very hit or miss holiday weekend. You've
got so many people out of go out of town.
I mean I was one. We went out of town
and uh, but you know people that are typically looking
during like Labor Day or or holiday weekends, usually they're
(02:33):
pretty serious. Yes, so that that's usually a good sign.
You want to let those folks in if at all possible.
Speaker 2 (02:39):
So yep, Well cool.
Speaker 1 (02:41):
Well, Hey, I know we've got we've got a bunch
of listenings and coming soons and open houses today, So
I figure we just need to go ahead and jump
right in on the mortgage game and then we'll talk
about what we're seeing in the market in our next segment. So, Brad,
would you give us a little rundown of our game?
Speaker 2 (02:59):
Oh yes, sir? All right, So gus he's gonna go
through the properties they've got on the open houses or
new listings, and he's gonna give us all the details.
The most important one that I need is the list price,
the potential purchase price on the home. That time, I
will give everyone a kind of a down payment somebody
might make on it, and they will guess thirty yr
fixed principal interest monthly payment. All right, So we got thir,
(03:22):
I'm we're lumping all of y'all in today.
Speaker 1 (03:24):
So we've got two new listings and a bunch of
open houses. So I'm gonna hit our two new listings, yes,
and we're gonna guess payments on those, and then we're
gonna end it with like our first open house, and
that'll be our third one unless we've got a break tie.
Speaker 2 (03:37):
Yeah, all right.
Speaker 1 (03:38):
So our first new listing of the week is in
Bluff Park fourteen twenty four Chester Street. This one is
a two bedroom, two bath renovated homes seventeen hundred and
twenty three square feet and we are asking three seventy five,
three hundred and seventy five thousand dollars. And this listing
is courtesy of Kyle Bedgood. And when I talk about
(04:00):
this house on Chester, I mean it's like an industrial renovation.
It's looked super cool. We've had great feedback on it
so far since going to market, uh this past week.
So uh yeah, we'll see who's going to be the
winner of this property. So three seventy five.
Speaker 2 (04:18):
Three seventy five or three seventy five.
Speaker 1 (04:20):
This order, Yeah, this one's three seventy five.
Speaker 2 (04:22):
Just wanted to double check our three seventy five, three
seventy five putting twenty percent down, twenty percent down, Gusty,
you get to go. So we're going to Gusty our
steam producer, John Mounts. Yes, then John Michael Brod.
Speaker 1 (04:34):
Okay, all right, twenty percent down, Okay, I'm gonna go
with nineteen ninety six.
Speaker 2 (04:51):
Nineteen ninety six for Gusty.
Speaker 1 (04:54):
It was a good year. Yeah, year was a good year.
Ah you know with.
Speaker 3 (05:02):
Nineteen fifty five, the year that Marty went back in time.
Speaker 4 (05:10):
I'll say two thousand and.
Speaker 1 (05:14):
Fifty Okay, we're all in the ballpark.
Speaker 2 (05:18):
How do you know allegedly the actual payment one thousand,
eight hundred and sixty six dollars.
Speaker 1 (05:29):
All ahead. We were all too much dialing it back.
Speaker 2 (05:33):
You tease, what's going on with the rates and stuff?
Speaker 1 (05:35):
We all have come do this all right. Our next
new listing of the week is in Trustful in the
Hidden Trace Neighborhood, thirty three eighteen Hidden Brooks Circle. This
one is four bedrooms in three baths, built in nineteen
ninety seven. It is a split four year. We're asking
three seventy nine nine, three seventy nine nine. This listing
(06:00):
is courtesy of Graham Reeseburg. So Graham, congratulations, on your
new listing, all.
Speaker 2 (06:06):
Right, three seventy nine nine five percent down, five percent.
Speaker 3 (06:12):
Down, and this one's on Joe on me. He's on
John Males, so five percent. So it's going to be
more than the last one. I'm gonna say twenty twenty
three hundred.
Speaker 2 (06:29):
John Michael twenty two hundred.
Speaker 1 (06:32):
Mm. All he's got to do is come in on
the right side. Unless he thinks we're somewhere we're right.
Speaker 3 (06:38):
He's gonna try and come in between because if he
thinks we're both high, then you just got to go
a little lower than you, and you.
Speaker 4 (06:44):
Need to go higher than me.
Speaker 2 (06:46):
We're at twenty three hundred, we're at twenty two hundred.
Speaker 1 (06:50):
Twenty two to fifty. I'll take that.
Speaker 2 (06:53):
Well. It was actually twenty two forty six.
Speaker 4 (07:00):
All right.
Speaker 2 (07:02):
Over today, so I know we got a lot to cover.
But went visited my grandmother over the holiday last week.
She was watching the game show Network and who won'ts
Be Mallionaire was on and I could get my quid
to leave. It was like an episode from nineteen ninety
nine or something like, Oh we got to see if
he wins it. Anyway, Sorry, it is rage. Yes, she's
in her recliner just taking in her game show.
Speaker 1 (07:23):
Loving Loving life. All right, we've got opened this afternoon.
And by the way, the house in uh trustful is
open from uh let's see, let me double check the
time two to four it is opened two to four.
So thirty three eighteen Hidden Brook Circle is open two
to four this afternoon and also opened two to four
this afternoon. Afternoon, Go see, Go see Chasing Heberling at
(07:47):
ninety one Brookline Lane. This is a two bedroom, two
bath home in Helena in the Wyndham Cottages neighborhood, built
in two thousand, eleven and seventy one square feet, two bedrooms,
two best. We're asking two hundred and fifteen thousand, two
hundred and fifteen thousand to fifteen.
Speaker 2 (08:06):
We're gonna put ten percent down, ten percent down on
the final property for the game.
Speaker 1 (08:11):
All right, it's on John Michael. John Michael gets ten
percent is two two hundred and fifteen thousand times ninety percent.
Speaker 3 (08:25):
Yeah, the decimal place over one and then subtract.
Speaker 4 (08:32):
This one's a whole lot further than the other two.
The other one was two thousand, I would say, fifteen.
Speaker 2 (08:48):
Hundred, fifteen hundred for John Michael to me, or is
it Augustin. Probably I'm gonna go with.
Speaker 3 (09:07):
Twelve seventy five w about where I was going to go,
So I'm gonna say twelve hundred.
Speaker 2 (09:16):
The actual payment it was one thousand, two hundred and
four dollars to Whens the day going into the weekend.
Speaker 1 (09:26):
Boy, this is this everything's kind of pross go my man.
Speaker 3 (09:32):
And I thought that with another person in here, this
is going to be actually more difficult, But.
Speaker 2 (09:37):
You said a little back, candid, I thought this is
gonna be more difficult because I mean, but not one.
Speaker 1 (09:43):
Hey, look, John's getting better at this game.
Speaker 2 (09:45):
I'm telling me, we've got rights down in John's world,
so he's That's.
Speaker 1 (09:49):
What it is that rates are where I think they
are supposed to be. Hey, we've got we've got some
other open houses. We've got twenty twenty Rockling Drive in
the Bluff Park area, built in nineteen fifty, recently renovated
three bedrooms, two baths, sixteen hundred and eighty nine square
feet with a whole brand new price of four nineteen
nine four nineteen nine, and Bluff part on a fully
(10:10):
renovated home. Go get it now, Go see Isaac. We're
gonna be open actually eleven to four on that one.
Isaac's gonna be there from eleven to two. I will
be there from two to four. So come and say
hey to us. Two twelve Great Oaks Drive and Pelham
is going to be open this afternoon from two to four.
This one is five bedrooms, three and a half baths,
(10:32):
twenty seven hundred and sixty four square feet of main
level square footage and then six hundred and ninety two
square feet finished in the basement for five hundred and
sixty five thousand dollars. Home was built just a couple
of years ago, back in twenty nineteen. Full brick home
with a three car garage. Go seekyl bedgood and then uh,
last but not least open this afternoon in Chelsea. Three
(10:55):
oh one Norman dy Lane, built in twenty twelve, has
that old world old look three seven square feet, four bedrooms,
four baths, two car garage. Uh and it also has
a golf car garage and uh yeah, go and go
see Ashley Stacks five ninety nine on that one. So
(11:18):
I got a bunch of a bunch of coming soons,
which is nice coming soons. Thirty fifty six Highland Drive,
John Michael, this is yours. You want to talk about
it real quick?
Speaker 4 (11:31):
Yeah, it's it's a vacant home. This price is ninety
seven five ninety seven five and it's a three to
one and a half.
Speaker 1 (11:42):
Yep, and it's got a new roof, new HVAC. No,
those are always good. So it's big ticket items.
Speaker 2 (11:51):
Yeah, yeah, and we just.
Speaker 4 (11:52):
It's flat, flat yard, fenced in backyard. Now where's is
this in the minor area? It is minor, Okay, all right,
So be a great first home or a good investment
properre you go.
Speaker 1 (12:02):
Ninety seven five, eleven and ten square feet, So call
John and Michael about that. We're got one in Jamison.
We haven't had one in Jimison in a while. Two
seventy Ridgeview Circle, four bedrooms, two bass for two hundred
and forty thousand from Walker Gant. And then we've got
one in Homewood courtesy of TJ. Cunningham, sixty to four
(12:25):
forest Ridge Road. This one's a three to two with
a two car garage and a pool. Oh yeah, six
fifteen and thirty five square feet on the main three
hundred and twenty six in the basement four hundred and
thirty five thousand dollars. So we have got a bunch
of bunch of coming soits and new listings.
Speaker 2 (12:47):
So that's good.
Speaker 1 (12:48):
Do you have any VP buyer needs that you want
to talk about real quick?
Speaker 2 (12:52):
Yeah?
Speaker 4 (12:52):
I have, Yeah, some investment or investors that are looking
into Jefferson County in between one hundred to one hundred
and fifty thousand. They're okay with minor repairs. Also have
a buyer still looking in the Helena, Alabaster area up
to two seventy five uh two, three bedroom house and
(13:19):
then also Hoover up to around three twenty five. Minor
repairs are okay too. We're moving ready.
Speaker 1 (13:30):
Okay, all right, well, very good. Well I don't know, Hey,
guess what's helping with us? It's testimonial time.
Speaker 2 (13:42):
That's right now, It's that's right. Didn't get it beforehanded
with John oh Man.
Speaker 1 (13:47):
Hey, we got a couple of reviews for guess who
John Michael Brandon.
Speaker 2 (13:52):
Well, look at that.
Speaker 1 (13:53):
All right. John Michael was a huge help in selling
our home. Was very knowledgeable through the entire process of
what ants or the right answer the phone right away
if I had any questions or concerns. So Brian, congratulations
and thank you so much for working with our team.
And John Michael. Congratulations on another five star review. Oh wait,
(14:17):
but there's more. Oh. John Michael was a joy to
work with. He navigated my son through in a state
realty cell with knowledge, professionalism, and very friendly demeanor. House
was placed on the market and sold in two days
during an open house he held. So congratulations on selling
your home with our team and John Michael, congratulations on
(14:40):
another five star review. All right, it's John Michael day
here at Bob mart and Sold and the Gusty Guilis Group,
So congratulations on your five star reviews, buddys. All right, well,
y'all stay tuned. We're gonna go take a quick break.
We're gonna be talking about where the rates are going
right now, which is gonna be positive. So you got
to stay tuned right here on bobbart and Sold. All right,
(15:02):
welcome back to Bob bart and Sold. And Well, if
you were playing playing the game against us, you know,
hopefully you were a little bit closer than John Michael
and I were. John mount since he won today.
Speaker 3 (15:15):
We were only off by everybody was only off by
like twenty dollars and fifty dollars in some of these.
Speaker 1 (15:19):
Man, it was pretty darn close. Pay it. It was
a pretty good gay. It was pretty good, pretty good hopefully.
You know, you know, I just don't like losing. But
you know it's okay. It's those rates, Brad, and you
tuned the rates where they should be.
Speaker 2 (15:36):
Yeah. You know, I've been working my little between me
and my Crystal Ball, we've been doing a lot of
talking and kind of making sure we were on the
same page.
Speaker 1 (15:44):
And you caught up your room power and said, look,
what can we do.
Speaker 2 (15:46):
Let's get this, let's get this thing going. So, I mean, yeah,
so we had a pretty wild ride of improvement of
in the bond markets, which is good for mortgage rates
coming down. So we had a I guess it's probably
our first official jobs report with the new BLS somebody
else since so we've removed the other BLS director, the
(16:08):
Burer Labor and Statistics, and so after some revisions and everything,
we actually had I mean, this isn't all good news
as far as the jobs go, because the job reports
a lot weaker than expected. They're seeing the decreases, people
feeling the decreases. June was eventually revised to a negative number,
(16:28):
which was the first time in fifty four months that
we had a negative number in job gains from the BLS,
and so, I mean, that's that's significant.
Speaker 1 (16:37):
Just do that, yeah, change ye.
Speaker 2 (16:40):
So it came out with the job reports that came
out this past week, the revisions that'd be the final revision,
and then July was revised lower. It'll have one more
revision by the end of next month. But it was
going down as well once they started drawing it down.
And then honestly, the job gains that was suspected to
have seventy five thousand around in August as far as
the original number ended up being around twenty one thousand
(17:03):
and ninety thousand of those job gains was was the
birth death model, which is just literally saying that this
is about how many should have gone out of business,
and people businesses started to but there's no there's no
support or anything like that. So once that gets tailored down,
it would have been a negative number this past month. Also,
the other thing we're seeing is is the UH the
(17:28):
the people that are moving to from full time to
part time because they can't find full time work is
increasing to the highest level since middle of COVID, and
so we're we're we're definitely seeing the jobs so down
you know, there's you know, there's there's a lot of
AI that has to do with that. You know, we've
you know, you start seeing like you know, I was
listened to some other day talk about let they up
in the Northeast. They went to you know, to Taco
(17:49):
Bell drive through and it was completely humanless way and
so they had like one person there just in case
something went wrong, but other than that, it was that
was completely through the drive through, completely AI done. Sides.
I guess, I guess there were people in the kitchen,
but that was it, and so and so, you know,
you so you start looking at that and you start saying, Okay, well,
(18:11):
who's gonna who's gonna get those jobs back?
Speaker 1 (18:13):
Right?
Speaker 2 (18:13):
Like? Nobody those those aren't coming back. More of those
are gonna start going away. So where are we gonna
supplement and find this? You know, where where where we're
gonna make some of these things up. There was also
a big conflict on the jobs report between a DP,
which is you know, one of our larger you know,
with a lot of people get paid through a DP
and everything that has some good stuff. It showed a
decrease in like in health care and hospitality numbers where
(18:37):
the Bills Report showed showed gains. So there was like
a there was like a seventy five eighty thousand dollars
job difference in those in those same subcategories by using
ADP on one and the Bills Job reporting the other.
So I think the markets are just reacted that, hey,
it's not as strong as we think. And now now
now the odds are we are going to get three cuts,
(18:57):
We're gonna get another, We're gonna get this cut coming
up here in septeen, gonna get one in October, probably
one either in November December.
Speaker 1 (19:03):
So do you think that they would get like aggressive
and go with like more of a half point cut.
Speaker 2 (19:10):
You know that that's been part of the conversation too,
and even even going we'll even drill it down a
little more than they go in so many quarters. And
they have talked about not doing the traditional way of
like getting into a system of just saying, okay, it's
just gonna be twenty five every meeting. Now, what what
does that? You know, entail? Does it mean they're gonna
(19:30):
skip one? Are they gonna do a fifty bip. Are
they gonna do you know, are they are they gonna
do a random number kind of cut that that doesn't
make a lot of sense, But you know, you know,
not be so just quarter every time until we get
it where we want it, which I think is good too. Like,
you know, I think it's good to have kind of
predicting us to know what the plan is or what
they're thinking. But let's not be so like, you know,
(19:52):
it can't be perfect every time where you're just constantly
doing twenty five and there's got to be something that's
driving it, so it can't just always be the same
number that you need on it. So like let's let's
actually drill it down and so they may you know,
the couple of the FED governors have mentioned maybe doing
something a little more, a little more that's tailored to
what we're actually seeing opposed to just kind of sticking
to a system and so, which I think would be
(20:14):
you know, a nice change of pace, and the markets
will probably you know reflect positively with that, gotcha, gotcha?
So yeah, but I mean it's I mean, so I mean,
let's just you know, just just on the average, is
just say that, you know, last week when we were talking.
I was saying, you know, somewhere around six and a
half percent your your thirty year average right now. I
mean over the over a week, we've probably dropped a quarter.
(20:34):
So you know, saying six and a quarter on that
thirty year average, does that mean that we don't have
people right now that we can quote in the fives
high fives? No, we definitely can. I mean, the government
loans are usually a little lower. We can get those
in the high fives right now. And then even and
even with you know, a small discount point, you're gonna
be to get in the fives. So I mean even
on a conventional thirty or fix. So there's a lot
(20:55):
of options there. But I mean it's going the right
direction and all all with the jobs reports thing is
so big because it was one of those things that
we knew was there. But you know, you've talked about
me talk talk about those numbers being faulty and kind
of screwed up and not very reliable. And so now
the time that's come to light, the markets are reflecting
to it, and you know, as long as it stays
giving us the real numbers, again, the numbers are what
(21:17):
they are. But if we're getting fake ones. It doesn't
help anybody, so so so it is what it is.
So if rates need to come down because of it,
they need to come down. And I think they're going
to continue.
Speaker 1 (21:26):
Yeah, I think there. I definitely think that they're going
to continue. And you know, that's that's music to our ears.
So in real estate having lower rates and and it
looks like, I mean just our showings are starting to
pick up a little bit more on our listings, and
I think that has, you know, correlation with rates coming down.
Speaker 2 (21:45):
Yep.
Speaker 1 (21:46):
So at least that you know, having the conversation about
rates coming down and the media makes a big difference
because it gets people like, hey, what's you know, what's
going on? But I think we also have to talk
about it with our clients. Just let them know, hey,
rates are probably maybe six quarter right now, or maybe
if we've got you know, FHA or VA, we might
get maybe five and a half or five seven five,
(22:08):
you know, in those ranges, And that gets at least
people in that conversation talking about like everybody's situation is different,
everybody's credit score is different, everybody qualifies for something different,
but you still have to make that plan and it
can also depend on the house too, what it qualifies for.
Speaker 2 (22:25):
And to your point about that, like it just just
on this is this is there's no technical data behind this,
but like I made a Facebook post this past week
of kind of a call to action, like hey, whether
you're looking refinance, cat, cash out, purchase, like, let's build
a plan because rates are coming down. And that was
like last Tuesday. And normally when I make up some
kind of posts like that, I may get one, like
maybe a couple, maybe a comment or two, but usually
(22:45):
not much. You know, it's just kind of I know
people were seeing it's the top of mind. I've had
seven different people reach out to me directly interesting from
that post. Nice, So your point about people are itching
and ready and wanting to hear rates are coming down
because they need or want to do something, whether it
is a refinance, which one of them was and the
other ones were purchases, but just trying to get a
feel for what's going on. So I mean that's that's
(23:05):
a tailtale signed to your point of what people are
looking at and thinking.
Speaker 1 (23:09):
Yeah, well, like as always, you need to build your
plan of action, whether it's buying or selling for any
financing options Bradsmith Loans dot com, cross Country Mortgage. You
can reach out to John Michael Brandon and our team,
John Michael, what's your number?
Speaker 4 (23:26):
Two O five four seven three four four O seven.
Speaker 1 (23:30):
All right and call anytime. You can call our office
two A five five four two nineteen ninety six. We've
got to Gustygoulis Group dot com.
Speaker 2 (23:37):
It's delightful.
Speaker 1 (23:38):
We've got a bunch of open houses. Maybe we'll see
you all at one of our open houses this afternoon,
but uh, anyways, thanks so much for listening and we'll
catch you next time.
All right, welcome to Bob barn and Soul. Thanks so
much for joining us today and hanging out in the
studio with us. We've got Brad Smith with a cross
country mortgage, and we've got John Michael Brannon from the
Gusty Goulis Group. Welcome, fellas.
Speaker 2 (00:14):
How are y'all good? How are you good? Good? It's
usually usually when John Michael's here, he's with me and
you're not here, and that's that's usually that's usually the flow.
So having everybody here is kind of nice.
Speaker 1 (00:24):
Yeah, that's right, that's right. Well, I think we've going
to have some exciting news to tell our folks with
mortgage rates. They're they're they're so Brad's gonna be talking
about that a little bit later on in the show,
and it's great news for us. But I want to
(00:45):
give a couple of shout outs to our team members.
We had three team members that were had their best
months ever, so I want to give some special shout
outs to those folks. Jonathan Weaver, Tony McDaniels, and Kyle Bedgood.
Congratulates on your best month ever. So that was pretty sweet. Woo.
(01:07):
Did you watch some wrestling over.
Speaker 2 (01:08):
This, No, somebody broke down something the other day and
they asked for to claps and Rick Flair and it's
got Now it's stuck in my head after after a
football game Tuesday, So okay, anyways, now it's just it's
in there.
Speaker 1 (01:19):
There it is. I mean, I'm a wrestling fan too,
so yeah, I've got like an old cousin that was
like one of the big wrestling promoters in Nashville back
in like the seventies.
Speaker 2 (01:31):
Oh nice. So I definitely had my wrestling times. None
of my kids have really ever been into it, but
there was those mid late nineties early two thousands were Yeah.
Speaker 1 (01:42):
I've got also some shout outs. We've got contracts over
this past week. Garrett Messer, Graham Reesburg, Alita Piedra, Tim Lance,
Kyle Bedgood, Isaac Marvin, John Riddle, and John Michael Brennan
hanging out with us. Let's go, I Liken, we like contracts.
So a solid contract week. Eight contracts over the past week.
(02:06):
So I'd say, you know.
Speaker 2 (02:08):
That's holiday weekend back the end of day.
Speaker 1 (02:11):
Yeah, yeah, for a holiday weekend. I think that that,
you know, it's very hit or miss holiday weekend. You've
got so many people out of go out of town.
I mean I was one. We went out of town
and uh, but you know people that are typically looking
during like Labor Day or or holiday weekends, usually they're
(02:33):
pretty serious. Yes, so that that's usually a good sign.
You want to let those folks in if at all possible.
Speaker 2 (02:39):
So yep, Well cool.
Speaker 1 (02:41):
Well, Hey, I know we've got we've got a bunch
of listenings and coming soons and open houses today, So
I figure we just need to go ahead and jump
right in on the mortgage game and then we'll talk
about what we're seeing in the market in our next segment. So, Brad,
would you give us a little rundown of our game?
Speaker 2 (02:59):
Oh yes, sir? All right, So gus he's gonna go
through the properties they've got on the open houses or
new listings, and he's gonna give us all the details.
The most important one that I need is the list price,
the potential purchase price on the home. That time, I
will give everyone a kind of a down payment somebody
might make on it, and they will guess thirty yr
fixed principal interest monthly payment. All right, So we got thir,
(03:22):
I'm we're lumping all of y'all in today.
Speaker 1 (03:24):
So we've got two new listings and a bunch of
open houses. So I'm gonna hit our two new listings, yes,
and we're gonna guess payments on those, and then we're
gonna end it with like our first open house, and
that'll be our third one unless we've got a break tie.
Speaker 2 (03:37):
Yeah, all right.
Speaker 1 (03:38):
So our first new listing of the week is in
Bluff Park fourteen twenty four Chester Street. This one is
a two bedroom, two bath renovated homes seventeen hundred and
twenty three square feet and we are asking three seventy five,
three hundred and seventy five thousand dollars. And this listing
is courtesy of Kyle Bedgood. And when I talk about
(04:00):
this house on Chester, I mean it's like an industrial renovation.
It's looked super cool. We've had great feedback on it
so far since going to market, uh this past week.
So uh yeah, we'll see who's going to be the
winner of this property. So three seventy five.
Speaker 2 (04:18):
Three seventy five or three seventy five.
Speaker 1 (04:20):
This order, Yeah, this one's three seventy five.
Speaker 2 (04:22):
Just wanted to double check our three seventy five, three
seventy five putting twenty percent down, twenty percent down, Gusty,
you get to go. So we're going to Gusty our
steam producer, John Mounts. Yes, then John Michael Brod.
Speaker 1 (04:34):
Okay, all right, twenty percent down, Okay, I'm gonna go
with nineteen ninety six.
Speaker 2 (04:51):
Nineteen ninety six for Gusty.
Speaker 1 (04:54):
It was a good year. Yeah, year was a good year.
Ah you know with.
Speaker 3 (05:02):
Nineteen fifty five, the year that Marty went back in time.
Speaker 4 (05:10):
I'll say two thousand and.
Speaker 1 (05:14):
Fifty Okay, we're all in the ballpark.
Speaker 2 (05:18):
How do you know allegedly the actual payment one thousand,
eight hundred and sixty six dollars.
Speaker 1 (05:29):
All ahead. We were all too much dialing it back.
Speaker 2 (05:33):
You tease, what's going on with the rates and stuff?
Speaker 1 (05:35):
We all have come do this all right. Our next
new listing of the week is in Trustful in the
Hidden Trace Neighborhood, thirty three eighteen Hidden Brooks Circle. This
one is four bedrooms in three baths, built in nineteen
ninety seven. It is a split four year. We're asking
three seventy nine nine, three seventy nine nine. This listing
(06:00):
is courtesy of Graham Reeseburg. So Graham, congratulations, on your
new listing, all.
Speaker 2 (06:06):
Right, three seventy nine nine five percent down, five percent.
Speaker 3 (06:12):
Down, and this one's on Joe on me. He's on
John Males, so five percent. So it's going to be
more than the last one. I'm gonna say twenty twenty
three hundred.
Speaker 2 (06:29):
John Michael twenty two hundred.
Speaker 1 (06:32):
Mm. All he's got to do is come in on
the right side. Unless he thinks we're somewhere we're right.
Speaker 3 (06:38):
He's gonna try and come in between because if he
thinks we're both high, then you just got to go
a little lower than you, and you.
Speaker 4 (06:44):
Need to go higher than me.
Speaker 2 (06:46):
We're at twenty three hundred, we're at twenty two hundred.
Speaker 1 (06:50):
Twenty two to fifty. I'll take that.
Speaker 2 (06:53):
Well. It was actually twenty two forty six.
Speaker 4 (07:00):
All right.
Speaker 2 (07:02):
Over today, so I know we got a lot to cover.
But went visited my grandmother over the holiday last week.
She was watching the game show Network and who won'ts
Be Mallionaire was on and I could get my quid
to leave. It was like an episode from nineteen ninety
nine or something like, Oh we got to see if
he wins it. Anyway, Sorry, it is rage. Yes, she's
in her recliner just taking in her game show.
Speaker 1 (07:23):
Loving Loving life. All right, we've got opened this afternoon.
And by the way, the house in uh trustful is
open from uh let's see, let me double check the
time two to four it is opened two to four.
So thirty three eighteen Hidden Brook Circle is open two
to four this afternoon and also opened two to four
this afternoon. Afternoon, Go see, Go see Chasing Heberling at
(07:47):
ninety one Brookline Lane. This is a two bedroom, two
bath home in Helena in the Wyndham Cottages neighborhood, built
in two thousand, eleven and seventy one square feet, two bedrooms,
two best. We're asking two hundred and fifteen thousand, two
hundred and fifteen thousand to fifteen.
Speaker 2 (08:06):
We're gonna put ten percent down, ten percent down on
the final property for the game.
Speaker 1 (08:11):
All right, it's on John Michael. John Michael gets ten
percent is two two hundred and fifteen thousand times ninety percent.
Speaker 3 (08:25):
Yeah, the decimal place over one and then subtract.
Speaker 4 (08:32):
This one's a whole lot further than the other two.
The other one was two thousand, I would say, fifteen.
Speaker 2 (08:48):
Hundred, fifteen hundred for John Michael to me, or is
it Augustin. Probably I'm gonna go with.
Speaker 3 (09:07):
Twelve seventy five w about where I was going to go,
So I'm gonna say twelve hundred.
Speaker 2 (09:16):
The actual payment it was one thousand, two hundred and
four dollars to Whens the day going into the weekend.
Speaker 1 (09:26):
Boy, this is this everything's kind of pross go my man.
Speaker 3 (09:32):
And I thought that with another person in here, this
is going to be actually more difficult, But.
Speaker 2 (09:37):
You said a little back, candid, I thought this is
gonna be more difficult because I mean, but not one.
Speaker 1 (09:43):
Hey, look, John's getting better at this game.
Speaker 2 (09:45):
I'm telling me, we've got rights down in John's world,
so he's That's.
Speaker 1 (09:49):
What it is that rates are where I think they
are supposed to be. Hey, we've got we've got some
other open houses. We've got twenty twenty Rockling Drive in
the Bluff Park area, built in nineteen fifty, recently renovated
three bedrooms, two baths, sixteen hundred and eighty nine square
feet with a whole brand new price of four nineteen
nine four nineteen nine, and Bluff part on a fully
(10:10):
renovated home. Go get it now, Go see Isaac. We're
gonna be open actually eleven to four on that one.
Isaac's gonna be there from eleven to two. I will
be there from two to four. So come and say
hey to us. Two twelve Great Oaks Drive and Pelham
is going to be open this afternoon from two to four.
This one is five bedrooms, three and a half baths,
(10:32):
twenty seven hundred and sixty four square feet of main
level square footage and then six hundred and ninety two
square feet finished in the basement for five hundred and
sixty five thousand dollars. Home was built just a couple
of years ago, back in twenty nineteen. Full brick home
with a three car garage. Go seekyl bedgood and then uh,
last but not least open this afternoon in Chelsea. Three
(10:55):
oh one Norman dy Lane, built in twenty twelve, has
that old world old look three seven square feet, four bedrooms,
four baths, two car garage. Uh and it also has
a golf car garage and uh yeah, go and go
see Ashley Stacks five ninety nine on that one. So
(11:18):
I got a bunch of a bunch of coming soons,
which is nice coming soons. Thirty fifty six Highland Drive,
John Michael, this is yours. You want to talk about
it real quick?
Speaker 4 (11:31):
Yeah, it's it's a vacant home. This price is ninety
seven five ninety seven five and it's a three to
one and a half.
Speaker 1 (11:42):
Yep, and it's got a new roof, new HVAC. No,
those are always good. So it's big ticket items.
Speaker 2 (11:51):
Yeah, yeah, and we just.
Speaker 4 (11:52):
It's flat, flat yard, fenced in backyard. Now where's is
this in the minor area? It is minor, Okay, all right,
So be a great first home or a good investment
properre you go.
Speaker 1 (12:02):
Ninety seven five, eleven and ten square feet, So call
John and Michael about that. We're got one in Jamison.
We haven't had one in Jimison in a while. Two
seventy Ridgeview Circle, four bedrooms, two bass for two hundred
and forty thousand from Walker Gant. And then we've got
one in Homewood courtesy of TJ. Cunningham, sixty to four
(12:25):
forest Ridge Road. This one's a three to two with
a two car garage and a pool. Oh yeah, six
fifteen and thirty five square feet on the main three
hundred and twenty six in the basement four hundred and
thirty five thousand dollars. So we have got a bunch
of bunch of coming soits and new listings.
Speaker 2 (12:47):
So that's good.
Speaker 1 (12:48):
Do you have any VP buyer needs that you want
to talk about real quick?
Speaker 2 (12:52):
Yeah?
Speaker 4 (12:52):
I have, Yeah, some investment or investors that are looking
into Jefferson County in between one hundred to one hundred
and fifty thousand. They're okay with minor repairs. Also have
a buyer still looking in the Helena, Alabaster area up
to two seventy five uh two, three bedroom house and
(13:19):
then also Hoover up to around three twenty five. Minor
repairs are okay too. We're moving ready.
Speaker 1 (13:30):
Okay, all right, well, very good. Well I don't know, Hey,
guess what's helping with us? It's testimonial time.
Speaker 2 (13:42):
That's right now, It's that's right. Didn't get it beforehanded
with John oh Man.
Speaker 1 (13:47):
Hey, we got a couple of reviews for guess who
John Michael Brandon.
Speaker 2 (13:52):
Well, look at that.
Speaker 1 (13:53):
All right. John Michael was a huge help in selling
our home. Was very knowledgeable through the entire process of
what ants or the right answer the phone right away
if I had any questions or concerns. So Brian, congratulations
and thank you so much for working with our team.
And John Michael. Congratulations on another five star review. Oh wait,
(14:17):
but there's more. Oh. John Michael was a joy to
work with. He navigated my son through in a state
realty cell with knowledge, professionalism, and very friendly demeanor. House
was placed on the market and sold in two days
during an open house he held. So congratulations on selling
your home with our team and John Michael, congratulations on
(14:40):
another five star review. All right, it's John Michael day
here at Bob mart and Sold and the Gusty Guilis Group,
So congratulations on your five star reviews, buddys. All right, well,
y'all stay tuned. We're gonna go take a quick break.
We're gonna be talking about where the rates are going
right now, which is gonna be positive. So you got
to stay tuned right here on bobbart and Sold. All right,
(15:02):
welcome back to Bob bart and Sold. And Well, if
you were playing playing the game against us, you know,
hopefully you were a little bit closer than John Michael
and I were. John mount since he won today.
Speaker 3 (15:15):
We were only off by everybody was only off by
like twenty dollars and fifty dollars in some of these.
Speaker 1 (15:19):
Man, it was pretty darn close. Pay it. It was
a pretty good gay. It was pretty good, pretty good hopefully.
You know, you know, I just don't like losing. But
you know it's okay. It's those rates, Brad, and you
tuned the rates where they should be.
Speaker 2 (15:36):
Yeah. You know, I've been working my little between me
and my Crystal Ball, we've been doing a lot of
talking and kind of making sure we were on the
same page.
Speaker 1 (15:44):
And you caught up your room power and said, look,
what can we do.
Speaker 2 (15:46):
Let's get this, let's get this thing going. So, I mean, yeah,
so we had a pretty wild ride of improvement of
in the bond markets, which is good for mortgage rates
coming down. So we had a I guess it's probably
our first official jobs report with the new BLS somebody
else since so we've removed the other BLS director, the
(16:08):
Burer Labor and Statistics, and so after some revisions and everything,
we actually had I mean, this isn't all good news
as far as the jobs go, because the job reports
a lot weaker than expected. They're seeing the decreases, people
feeling the decreases. June was eventually revised to a negative number,
(16:28):
which was the first time in fifty four months that
we had a negative number in job gains from the BLS,
and so, I mean, that's that's significant.
Speaker 1 (16:37):
Just do that, yeah, change ye.
Speaker 2 (16:40):
So it came out with the job reports that came
out this past week, the revisions that'd be the final revision,
and then July was revised lower. It'll have one more
revision by the end of next month. But it was
going down as well once they started drawing it down.
And then honestly, the job gains that was suspected to
have seventy five thousand around in August as far as
the original number ended up being around twenty one thousand
(17:03):
and ninety thousand of those job gains was was the
birth death model, which is just literally saying that this
is about how many should have gone out of business,
and people businesses started to but there's no there's no
support or anything like that. So once that gets tailored down,
it would have been a negative number this past month. Also,
the other thing we're seeing is is the UH the
(17:28):
the people that are moving to from full time to
part time because they can't find full time work is
increasing to the highest level since middle of COVID, and
so we're we're we're definitely seeing the jobs so down
you know, there's you know, there's there's a lot of
AI that has to do with that. You know, we've
you know, you start seeing like you know, I was
listened to some other day talk about let they up
in the Northeast. They went to you know, to Taco
(17:49):
Bell drive through and it was completely humanless way and
so they had like one person there just in case
something went wrong, but other than that, it was that
was completely through the drive through, completely AI done. Sides.
I guess, I guess there were people in the kitchen,
but that was it, and so and so, you know,
you so you start looking at that and you start saying, Okay, well,
(18:11):
who's gonna who's gonna get those jobs back?
Speaker 1 (18:13):
Right?
Speaker 2 (18:13):
Like? Nobody those those aren't coming back. More of those
are gonna start going away. So where are we gonna
supplement and find this? You know, where where where we're
gonna make some of these things up. There was also
a big conflict on the jobs report between a DP,
which is you know, one of our larger you know,
with a lot of people get paid through a DP
and everything that has some good stuff. It showed a
decrease in like in health care and hospitality numbers where
(18:37):
the Bills Report showed showed gains. So there was like
a there was like a seventy five eighty thousand dollars
job difference in those in those same subcategories by using
ADP on one and the Bills Job reporting the other.
So I think the markets are just reacted that, hey,
it's not as strong as we think. And now now
now the odds are we are going to get three cuts,
(18:57):
We're gonna get another, We're gonna get this cut coming
up here in septeen, gonna get one in October, probably
one either in November December.
Speaker 1 (19:03):
So do you think that they would get like aggressive
and go with like more of a half point cut.
Speaker 2 (19:10):
You know that that's been part of the conversation too,
and even even going we'll even drill it down a
little more than they go in so many quarters. And
they have talked about not doing the traditional way of
like getting into a system of just saying, okay, it's
just gonna be twenty five every meeting. Now, what what
does that? You know, entail? Does it mean they're gonna
(19:30):
skip one? Are they gonna do a fifty bip. Are
they gonna do you know, are they are they gonna
do a random number kind of cut that that doesn't
make a lot of sense, But you know, you know,
not be so just quarter every time until we get
it where we want it, which I think is good too. Like,
you know, I think it's good to have kind of
predicting us to know what the plan is or what
they're thinking. But let's not be so like, you know,
(19:52):
it can't be perfect every time where you're just constantly
doing twenty five and there's got to be something that's
driving it, so it can't just always be the same
number that you need on it. So like let's let's
actually drill it down and so they may you know,
the couple of the FED governors have mentioned maybe doing
something a little more, a little more that's tailored to
what we're actually seeing opposed to just kind of sticking
to a system and so, which I think would be
(20:14):
you know, a nice change of pace, and the markets
will probably you know reflect positively with that, gotcha, gotcha?
So yeah, but I mean it's I mean, so I mean,
let's just you know, just just on the average, is
just say that, you know, last week when we were talking.
I was saying, you know, somewhere around six and a
half percent your your thirty year average right now. I
mean over the over a week, we've probably dropped a quarter.
(20:34):
So you know, saying six and a quarter on that
thirty year average, does that mean that we don't have
people right now that we can quote in the fives
high fives? No, we definitely can. I mean, the government
loans are usually a little lower. We can get those
in the high fives right now. And then even and
even with you know, a small discount point, you're gonna
be to get in the fives. So I mean even
on a conventional thirty or fix. So there's a lot
(20:55):
of options there. But I mean it's going the right
direction and all all with the jobs reports thing is
so big because it was one of those things that
we knew was there. But you know, you've talked about
me talk talk about those numbers being faulty and kind
of screwed up and not very reliable. And so now
the time that's come to light, the markets are reflecting
to it, and you know, as long as it stays
giving us the real numbers, again, the numbers are what
(21:17):
they are. But if we're getting fake ones. It doesn't
help anybody, so so so it is what it is.
So if rates need to come down because of it,
they need to come down. And I think they're going
to continue.
Speaker 1 (21:26):
Yeah, I think there. I definitely think that they're going
to continue. And you know, that's that's music to our ears.
So in real estate having lower rates and and it
looks like, I mean just our showings are starting to
pick up a little bit more on our listings, and
I think that has, you know, correlation with rates coming down.
Speaker 2 (21:45):
Yep.
Speaker 1 (21:46):
So at least that you know, having the conversation about
rates coming down and the media makes a big difference
because it gets people like, hey, what's you know, what's
going on? But I think we also have to talk
about it with our clients. Just let them know, hey,
rates are probably maybe six quarter right now, or maybe
if we've got you know, FHA or VA, we might
get maybe five and a half or five seven five,
(22:08):
you know, in those ranges, And that gets at least
people in that conversation talking about like everybody's situation is different,
everybody's credit score is different, everybody qualifies for something different,
but you still have to make that plan and it
can also depend on the house too, what it qualifies for.
Speaker 2 (22:25):
And to your point about that, like it just just
on this is this is there's no technical data behind this,
but like I made a Facebook post this past week
of kind of a call to action, like hey, whether
you're looking refinance, cat, cash out, purchase, like, let's build
a plan because rates are coming down. And that was
like last Tuesday. And normally when I make up some
kind of posts like that, I may get one, like
maybe a couple, maybe a comment or two, but usually
(22:45):
not much. You know, it's just kind of I know
people were seeing it's the top of mind. I've had
seven different people reach out to me directly interesting from
that post. Nice, So your point about people are itching
and ready and wanting to hear rates are coming down
because they need or want to do something, whether it
is a refinance, which one of them was and the
other ones were purchases, but just trying to get a
feel for what's going on. So I mean that's that's
(23:05):
a tailtale signed to your point of what people are
looking at and thinking.
Speaker 1 (23:09):
Yeah, well, like as always, you need to build your
plan of action, whether it's buying or selling for any
financing options Bradsmith Loans dot com, cross Country Mortgage. You
can reach out to John Michael Brandon and our team,
John Michael, what's your number?
Speaker 4 (23:26):
Two O five four seven three four four O seven.
Speaker 1 (23:30):
All right and call anytime. You can call our office
two A five five four two nineteen ninety six. We've
got to Gustygoulis Group dot com.
Speaker 2 (23:37):
It's delightful.
Speaker 1 (23:38):
We've got a bunch of open houses. Maybe we'll see
you all at one of our open houses this afternoon,
but uh, anyways, thanks so much for listening and we'll
catch you next time.
Popular Podcasts
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
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.