Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
All right, welcome to bart and Sold and uh man,
we're getting closer and closer to Thanksgiving. How about it?
Brad Smith with a cross country mortgage. What's up, dude?
Speaker 2 (00:11):
I love Thanksgiving just for the records. Oh yeah, that's great. Thanksgiving,
not not necessarily by the meaning of Thanksgiving, but the
actual day itself is my favorite holiday. Yeah. Yeah, so
I'm excited. I like it.
Speaker 1 (00:25):
Yeah, I'm I'm super pumped up. I'm in the gym,
like trying to get my last couple of pounds off
before Thanksgiving so i can just crush all the food.
Like We'll be in Gadston and my favorite pizza joint
is in Gadston. It's called Maters, and Maters is holy cow.
(00:50):
Like it is so good. And so I'm pumped about that.
And then obviously, you know, just the typical Thanksgiving right
food and everything. But yeah, that Friday after Thanksgiving, it's
it's Mats.
Speaker 2 (01:03):
For us, that's all. That's a good tradition to have.
Speaker 1 (01:06):
It is an amazing tradition.
Speaker 2 (01:08):
Yeah.
Speaker 1 (01:09):
I went up there like to I like two or
three months ago, maybe August. I was up in Gadston
and you know, they I was like my in laws
didn't order maters, and I'm like, dude, what's up? Like
I do something wrong? What is going on here? Like
I don't understand this? But AnyWho, I thought that was
(01:29):
pretty funny. But yeah, so hey, we're getting getting busier
in the real estate market for sure. For sure, glad
to see that that happened.
Speaker 2 (01:39):
Yep, yep. So that stuff's hopping around, and I think
we're going to get the government back opened up.
Speaker 1 (01:45):
I love it.
Speaker 2 (01:47):
It may already be yeah, officially be back open today,
I think.
Speaker 1 (01:52):
Heck yeah, So.
Speaker 2 (01:53):
I go on Thursday, since we're you know, a little
little tape record here, but we're catching up.
Speaker 1 (02:00):
And so I got a message from uh from Laura,
who's our closing coordinator, and we put let's see eleven
homes under contract in the past week. Nice. So I've
got some shout outs. Yeah, I'm like think, like literally, man,
no doubt. How about this, Carlo Diliberto five homes under
(02:22):
contract in the past week. Five homes under contract, Congratulations,
Handlo Dilberto. H Kyle Bedgood with two homes under contracts So, Kyle,
thank you, congratulations, And then shout outs to John Michael, Brandon,
Frieda Whitley, John Riddle, and T. J. Cunningham on their
contracts for the week and uh, oh, by the way,
(02:44):
I got one too.
Speaker 2 (02:45):
Oh yeah, So.
Speaker 1 (02:50):
You know, I try, like my goal is to try
to get one personally under contract each week, and so
I'm more of on the list side, but I mean
I've got I worked with buyers as well. But you know,
obviously our team works with a lot of buyers and
sellers too, So it's nice to have that, you know,
people back in the mix because I'll tell you, through
(03:11):
the government shutdown like it was almost a real estate shutdown.
Speaker 2 (03:15):
Yeah, yeah, it was. I mean you you had a
lot of people just not quite sure what was going on,
and then and then there was a lot of things
that we didn't really know like how to handle. Like
I think I told you all maybe a couple of
week ago. I've got a guy that's been trying to
resign from the government since before it shut downs and
then and so I guess I'm going to text him
in a minute and say, hey, how's it going. Did
you get all that? Did you get the first thing
this morning or last week? Get that letter in so
(03:38):
telling anyway, So we'll see. But yeah, it's been it's
been a little while, but glad to see it's picking
back up and phones are definitely ringing and rates are
hanging in there.
Speaker 1 (03:46):
So well, we're going to dig in a little bit
more about what we're seeing in the real estate and
the mortgage market in our next segment. But each and
every week we like to talk about our new listings,
our open houses and all that fun stuff. And so, uh,
we've got four We've got two open houses and a
couple of new listings that we're gonna talk about, and uh,
(04:06):
we're gonna play the game. We're gonna guess some mortgage payments.
John Mountins and myself are gonna go against each other
and let's see who's gonna take today's title.
Speaker 2 (04:15):
B tell the rules, all right, So what we're gonna
do is guess. He's gonna go through those properties and
give us some of the cool details of each property.
At the end, he's gonna give us the list price
of the property. Then I will give a potential down
payment that a bar may make, and then they will
guess the thirty or fixed monthly interest monthly principal interest
only payment. M All right, That's all there is to it.
That's simple, and you can play wherever you are right now. Yeah,
(04:38):
guess the mortgage payment?
Speaker 1 (04:40):
Yeah, all right, well let's do this. Here we go,
Here we go. We've got an open house today. Uh
in two places. The first place is uh In on
Avenue Z five, twenty four Avenue Z. This is in
the Tuxedo Heights neighborhood in Birmingham. This is built in
nineteen fifty, recently renovated, three bedrooms, one bath, one thousand,
(05:04):
thirty two square feet. And we are asking eighty five thousand,
eighty five thousand, and this could be a perfect first home,
could be an investment property, really whatever you kind of want.
And it's got updated plumbing, electrical, new gas lines, new
water heater. It's ready to rock. So gus see Tony
McDaniels this afternoon from two to four nice, eighty five thousand.
Speaker 2 (05:27):
Eighty five thousand, putting five percent down. Eighty five thousand,
five percent down, Gusty, it's on.
Speaker 1 (05:34):
You, okay, eighty five thousand, putting five percent down as
a reminder principle and interest for those listening. And I'm
gonna go with I'm gonna go with four sixty three.
Speaker 3 (05:54):
It's tough because you never guess. I bet against Gusty.
I feel like that's maybe a little low, but I
don't know the rates. I'm gonna say five hundred.
Speaker 2 (06:04):
Even five hundred, even the actual payment was four ninety three.
Speaker 3 (06:09):
Oh good, the skin of my teeth.
Speaker 2 (06:13):
Look at you, John, You just need to turn that
six upside down.
Speaker 1 (06:17):
It's all good. It's all again. I've got three to
come back.
Speaker 2 (06:21):
Yeah, you do, all right.
Speaker 1 (06:22):
Our next open house is also this afternoon from two
to four. It is in River Chase, in the River
Chase neighborhood of Hoover. Actually my first house. I grew
up in a house in River Chase at the front
of the neighborhood. But you can go see nine fifty
two Tulip Poplar Lane, nine five two two Loop Poplar Lane.
(06:42):
So it was built in nineteen eighty six on over
half an acre lot. It's four bedrooms, three and a
half baths. It's twenty three hundred and ten square feet
on the main two levels. It's got four hundred and
seventy seven finished square feet in a two car garage
in the basement. And we are asking four fifteen four
fifty nine nine and as a reminder of the Suspain
(07:03):
Park High School, which is where River Chase goes for
high school.
Speaker 2 (07:08):
Tulip Poplar my favorite stream name that we've that we've done.
Speaker 1 (07:12):
Go see Kyle Bedgood today.
Speaker 2 (07:13):
Tulip Poplar. All right, four fifty nine, ten percent down,
John Mountains ten percent down.
Speaker 3 (07:19):
Ten percent down. So we're really looking at somewhere around
four to four hundred thousand even? How about three thousand?
I have no idea. I have nothing to base it on.
Speaker 2 (07:35):
Three thousand. I could tell the way you mumbled in
at three. Yeah, I don't three thousand, get this, thirty
five twenty. I'm gonna get this off my plate.
Speaker 3 (07:43):
Yeah, please, please, Gusty, please give us a correct answer.
Speaker 1 (07:46):
Now I'm trying.
Speaker 2 (07:49):
To hold up, Hold up, hold up, wait a minute.
Speaker 3 (07:52):
All I gotta do is is coming with lower higher
on what I did. Basically, would you say I don't
remember three thousand even? I saw him WinCE at that one.
He's like, what does he think? What is he smoking?
Speaker 1 (08:07):
I'm gonna go with I don't know. Now, I feel
like I'm off twenty five hundred.
Speaker 2 (08:17):
I knew you were gonna go with twenty five hundred
and questions twenty five twenty seven was the actual number.
I knew in his head. He was like, I want
to be close, but I gotta bell.
Speaker 3 (08:27):
Over a strategy. I was trying to fake him out.
Speaker 1 (08:29):
Yeah, something like that, something like that. All right, I'm
back in business, y'all. One to one, all right. Our
next new listing is in Childersburg, Talladega count eighteen Lakeside Drive.
This was built in nineteen fifty. So two bedroom, one
bath home, nine hundred square feet, and we are asking
sixty thousand dollars. Could be a great investment opportunity, whatever
(08:53):
you'd like. So two bedrooms, one bath, sixty thousand. This
listing is courtesy of Isaac Marvin. So Isaac can grab
adulations on your new listing.
Speaker 2 (09:02):
Sixty thousand dollars, three percent down, three percent down back
to Gusty.
Speaker 1 (09:08):
Three percent down. Okay ah, how about four hundred.
Speaker 2 (09:19):
Bucks four hundred for Gusty.
Speaker 3 (09:25):
That seems a little high to me, to say three
hundred and sixty dollars.
Speaker 2 (09:34):
The actual payment was three hundred and fifty five dollars.
John mountains around two.
Speaker 1 (09:39):
John, I'm going to that was around three.
Speaker 2 (09:42):
By the way, I mean, he's got got two out
of the three.
Speaker 1 (09:45):
Oh, man gotta come from behind. Man John has stepped
it up, all right. Our last new listing of the
week is in Kolera eleven ninety four Emerald Ridge Drive. Yes,
it's in the Emerald Emerald Ridge neighborhood. This one is
a four bedroom, two bath garden home built in twenty ten.
We've got sixteen hundred and thirty one square feet on
(10:07):
the main level. We've got four hundred and forty five
square feet upstairs, for a total of two thousand and
seventy six square feet. To eighty nine to nine, to
eighty nine nine. You would not even be able to
build this house for to eighty nine nine these days.
And this listing is courtesy of Kyle Bedgood. All right,
stainless still appliances are awaiting to car garage. How about
(10:32):
that soaking tub? Hello, all right, to eighty.
Speaker 2 (10:36):
Nine nine soaking tub? Needed that voice? Soaking tub? Soaking
tub two eighty nine nine nine five percent down, five
percent down. It's on mister.
Speaker 3 (10:47):
Mounts so to n six cent okay, so ah eighteen fifty.
Speaker 1 (11:10):
What uh five percent down?
Speaker 2 (11:12):
Five percent down?
Speaker 1 (11:14):
Mmmm, God like a little nervous He's got me on
the ropes.
Speaker 2 (11:20):
Ladies's get that one up, all right when you start
working on tie rekords. Just in case, I was gonna say, man, okay,
all right, all right, all right, I've got this.
Speaker 1 (11:33):
I have this. I'm gonna go with.
Speaker 2 (11:39):
Eighteen hundred, eighteen hundred the actual pavement sixteen eighty one.
Gusty gets round four.
Speaker 3 (11:48):
But that means little tah going into double overtime.
Speaker 2 (11:52):
Going into double overtime. Alright, house, see what we got,
same scenario, same scenario, nine five percent down, fifteen year amortization.
Oh my fifteen year.
Speaker 3 (12:06):
Now, remind me what of the Gusty. I wasn't paying
attention because iknew I lost head last week.
Speaker 2 (12:10):
Gusy said, eighteen hundred. The actual payment was sixteen eighty one.
Uh so it'll be two ninety five percent down on
a fifteen year amortization. So fifteen year monthly payment.
Speaker 3 (12:20):
Okay, who's STU starting off me or me or Gusty.
Speaker 2 (12:22):
It's on you, Okay, it's on me, it's on Gusty.
Speaker 3 (12:26):
Yes, yeah, that's on me, John, fifteen year and no pressure.
Speaker 1 (12:35):
Twenty five hundred bucks.
Speaker 3 (12:40):
That seems high. Twenty three hundred dollars.
Speaker 1 (12:46):
I like how he's like that seemed high, and then
directly looked at Brad. I didn't give much anything. He
did not give anything, And.
Speaker 2 (12:55):
Normally I will shade to help John a little. I
tried to state this one was.
Speaker 3 (12:59):
Just been two year trying to play it down in
the middle.
Speaker 2 (13:01):
But I didn't need to today because the actual payment
was two thousand, two and fifty one dollars.
Speaker 3 (13:05):
John Mouth Wi, thank you, thank you very much.
Speaker 1 (13:09):
Oh my gosh, that.
Speaker 2 (13:14):
Was an.
Speaker 3 (13:17):
You can see so looking at the prices, you can
see like the sweet spot of what I'm able to
come up with. You know, I need.
Speaker 2 (13:24):
I need the low end.
Speaker 3 (13:25):
If it's high end stuff, I'm lost, But the low
end stuff I can handle.
Speaker 1 (13:28):
Wow, I got a crushed today. Ouch. All right, let's see,
all right, we've got We've got a couple of buyer needs.
I've got somebody looking up to four hundred thousand near
Rocky Ridge Road. I've got somebody looking up to five
hundred thousand in Homewood, And I've got somebody looking up
to three hundred and fifty thousand near Graystone Y m
(13:52):
c A. All right, Hey, guess what time it is.
That's right, it's testimonial time, all right. I got two today.
All right. This one comes from Alex. The Gusty Goulis
Group acted as a seller's agent for one of my
investment properties in the Birmingham area. Their performance and efficiency
(14:15):
during the listing and sales process was excellent. As a
remote owner, the process was completely hands off for me
and required very little active involvement. Their analysis of the
market was accurate and solid offers were procured shortly after listening.
Cell negotiation and closing was well executed, efficient and clean.
(14:36):
I'll definitely utilize the services of the Gusty Goulis Group
in the future. So Alex, thank you so much for
the opportunity and Gusty congratulations on.
Speaker 2 (14:47):
Another five star reviews.
Speaker 1 (14:50):
That's right, I like it all right. This one's from Pam.
We had an incredible experience with the Gusty Goulis Group
and we highly recommend them. Our household that might might
be Pam over there. Pam our household the first day
it was placed on the market and we secured our
dream home only days into the negotiation process. The group
(15:13):
of professionals have the process of streamline for maximum efficiency
and information. We cannot praise the Gusty Gulis group enough
for the efforts on our behalf. So Pam, congratulations on
selling your property. And Gusty, congratulations.
Speaker 2 (15:32):
On another five star reviews.
Speaker 1 (15:36):
Sometimes you just got to pat your own self on
the back.
Speaker 2 (15:38):
Can I read one? We got one this week? Yes,
Michelle got a five star. All right, let's go. Michelle Smith,
my wife's alone officer with a cross country mortgage. She
got a five star review this week, and I just
wanted to read it real quick, so it was short
and sweet.
Speaker 1 (15:50):
I love it, all right.
Speaker 2 (15:51):
Michelle was so wonderful and never hesitated to text or
call me back when I had a million in one questions.
So thankful for Michelle. That was it, all right, Michelle,
congratulations on another five star review.
Speaker 1 (16:06):
I love it. I love it. There we go, getting
the fam and yeah, roll them in. All right, Hey, y'all,
we're gonna stay y'all, stay tuned. We're gonna take a
quick break. We're gonna talk a little bit about what
is going on in the real estate and mortgage world
right here on both the Broad and Sold. All right,
welcome back to ball Bart and Sold, and I'll tell
you what. We've had some big headlines this week in
(16:26):
the real estate world. And you know, the last six
weeks we've had a huge government shut down long as average. Yeah,
what's crazy significantly longer. And I'll tell you it. In
my opinion, it has impacted the real estate market.
Speaker 2 (16:42):
What do you think, Brad, I would say, there's no doubt.
I mean there's just too many people kind of not
sure and two people affected by it directly. I mean
they're they're actual paychecks and checking accounts and different things
that are tied to it. So I definitely think it
had people kind of like, hold on, what's going on here?
Like because as it kept dragging out, the more we
were like, yeah, all right, like we know it's going
(17:03):
to get resolved eventually, but like what at this point?
Speaker 1 (17:06):
Where?
Speaker 2 (17:07):
Why why is it taking so long? And where are we? So,
you know, it was good to get that news this
past week. President Trump signed it i think late Wednesday
night and then so all that should be going be
pretty good. It'll be interesting how the markets respond to it,
you know, and kind of get a full thing because
like some of the little things like that. You know,
our main two things that are driving the market are
(17:28):
jobs and inflation. Those the two things we were talking
about mostly that are really impacting it. But we had
this government shut down on top of it, and so
the government shutdown, we weren't getting these numbers to look at.
So like we're hoping in the next day or two
we're going to get the September Jobs report, because it
was supposed to be released two days before the government
i mean two days after the government shutdown, so it
(17:50):
was ready to be released, but the government shut down
two days before, so they just held it back. They
just held it back because nobod to evaluate it and
run through and all that good stuff. Now, what we
do have is we have ADP, which a lot of
you people pay rolls come through. ADP was showing about
a little less than twelve thousand job losses a week
for the past four weeks. So we're seeing that, you know,
(18:10):
from from those numbers, we think that unemployment is going
to keep showing weaker signs, which would is not great
for the overall economy, but it's good for mortgage rates.
So that's kind of what we're looking at there, right.
Speaker 1 (18:20):
Usually usually that means rates lower.
Speaker 2 (18:22):
Right and then so now bad news is good news
for your mortgage rates. So that's been you know, an
interesting kind of caveat to pay attention to and kind
of to look at, you know, now we're got luckily
they got to open back up with the better get
all their stuff ready and should be good for the
December ten meeting. It'll be interesting to see if we
get an a rate drop or not now they've opened
(18:43):
back up. I'll be interested to see kind of like well,
the federal Federal Reserve has been open, but as far
as kind of where it starts shifting and kind of
where you get a better feel of where rates are
going to go and what the plan is. But you know,
if we get the two jobs reports and show kind
of what we think they're going to show, inflation should
show some slow downs, and hopefully we'll get that other
hopefull at least in their twenty five days points before
(19:03):
the end of the year.
Speaker 1 (19:04):
Well earlier to you know, earlier in the show, I
talked about we had eleven twelve homes under contract in
the past week, and I think a lot of that
had to do with the government shut down, like kind
of the conversation it was about to be, you know,
finished and signed, and so I think people were now
a little bit more comfortable and getting off the fence,
(19:25):
and you know, I took the last six weeks putting
homes in our contract much more difficult.
Speaker 2 (19:30):
Yes, didn't get We didn't talk.
Speaker 1 (19:32):
A lot about that, you know, during the last six
weeks of the show, because I mean, really the market stalled,
just like you know all the other places, and we
had I was having a conversation with one of our agents.
One of our agent's wife works at SO Security, and
she's like, hey, look, she's not getting paid, like we're
having to like, we're having to really figure all this out.
(19:52):
It's made it super difficult.
Speaker 2 (19:53):
Putting stuff on hold. And you know, it's one of
those things it's hard to talk. It's hard to really
kind of give updates on it because you don't know
so if that if just one week or two weeks
there was kind of an anomaly or kind of just
off until you get a bigger sample size. And again,
but this being the largest, the longest government shutdown, you know,
didn't really know how it was going to impact anything
until you kind of get to the back end of
it and see where it was going. But I do
(20:15):
think that to your point, over the last week, I
think last weekend it kind of they did it. Maybe
they did a trial vote on it and thought they
were going to have it ready. So I think most
people were thinking Friday this past Friday was kind of
the last day that it would be it opened up
by at least Friday. We got to open up on Thursday.
So to your point, I think that that news started
kind of reverberating throughout and people got a little more
(20:36):
comfortable and again back on what the paychecks are going
to be and everything else. So we've talked.
Speaker 1 (20:42):
I've talked about the last I don't know, a few
months calm before the storm. Right now. I feel like
we're going to buyer's market, you know, obviously depending you know.
Interestingly enough, we had a house we listed last week
for offers on it at four hundred and fifty thousand Moody,
and so we haven't really been seeing multiple offers situations
as much. Right so, I still think, you know, depending
(21:04):
on the area, depending on the price points, buyer's market
calm before the storm. But man, if we're talking rates
coming down, we're coming into selling season. I'm still thinking like, hey,
it's going to get busy in the in the spring.
Speaker 2 (21:15):
Yeah. I had a meeting this past week with one
of my mortgage insurance traps, and he was just talking
about he was on the same thing, like unprovoked. You
just like everything they're seeing and reading and all the
data they're getting is just like this twenty twenty six
is going to be and we hope so and everything
stays true without without well, you know, we kind of
had these little teases before and something kind of pulls
(21:36):
the rug out. I hope we can just let the
market be the market and let's just roll this thing,
yeah on this next spring, so that that'd be I
think you're dead on with it being the call before
the storm.
Speaker 1 (21:44):
Yep, yep, for sure.
Speaker 2 (21:45):
All right.
Speaker 1 (21:45):
Also some big news this week, Yeah, talk about a
fifty year mortgage.
Speaker 2 (21:50):
Fifty year mortgage, so so, our our esteemed leader, President
Trump dropped a kind of just a fifty year mortgage
on everybody's lap this past week. And you know, with
that became, you know, you got these headlines that's the
dumbest thing ever, that's terrible from like from a from
mister wonderful Kevin Leary. He was on CNN or something
(22:10):
about it, and he was kind of wearing it out
about how how ridiculous it was. You know, people have
a lot of questions about it right now, it's just
something Trump said, right, I mean, and so are there
some benefits to it? There could be. Are there some drawbacks? Yes,
and so we'll see how it unfolds. I do remind
some people we have a forty year mortgage now, we
(22:32):
have for you know, probably over a decade. And I
don't think I've put one person. I don't think one
person's Yeah, really there's there's It's not for all programs
and everything else, but there's there. There are certain people
that qualify for forty year mortgage currently and and I
don't think I've done one. There's just not there's not
a huge benefit on the it almost gets knocked out,
(22:54):
so that by the interest you're saving as far as
the monthly payment goes, you're putting so little to principle,
but also with you extending it out makes it riskier,
so the mortgage insurance is higher. So the money you're
saving on the interest rate, if you're not putting twenty
percent now I pen two percent down, there's still money
to be saved there. But you know, are you really
worried about if you've got the twenty percent to put down.
Do you really need the payment strung out over fifty years?
(23:15):
I mean, so there's a couple of things there. It's
just right now. Hey, there'll be a lot to work
through if they end up working out something with it.
I don't have a problem with it either way, because again,
it's kind of like the marry the house date the
rate thing. I mean, it's the same thing you're gonna reap.
The average life of mortgage is six years. They're not
gonna have the mortgage for fifty years either way.
Speaker 1 (23:34):
So well, I can tell you from my experience, I
don't like the sign of a fifty year mortgage nose.
I mean, you're signing a document saying that you are
going to do this unless you pay it off.
Speaker 2 (23:42):
Take all the money you're running off the balance sheets
and making on tariffs, and buy more mortgage backed securities
and get the rates down.
Speaker 1 (23:48):
That's how you do it there, that's cross country mortgage
of how we get interest sight.
Speaker 2 (23:54):
We've done it before.
Speaker 1 (23:55):
Hey, go to Gustygoulisgroup dot com. Go to Bradsmithlans dot com.
We would love to help you with either buying or
selling a house. Thanks so much for joining us. We'll
catch you, next time.
Speaker 2 (24:06):
Peace,
All right, welcome to bart and Sold and uh man,
we're getting closer and closer to Thanksgiving. How about it?
Brad Smith with a cross country mortgage. What's up, dude?
Speaker 2 (00:11):
I love Thanksgiving just for the records. Oh yeah, that's great. Thanksgiving,
not not necessarily by the meaning of Thanksgiving, but the
actual day itself is my favorite holiday. Yeah. Yeah, so
I'm excited. I like it.
Speaker 1 (00:25):
Yeah, I'm I'm super pumped up. I'm in the gym,
like trying to get my last couple of pounds off
before Thanksgiving so i can just crush all the food.
Like We'll be in Gadston and my favorite pizza joint
is in Gadston. It's called Maters, and Maters is holy cow.
(00:50):
Like it is so good. And so I'm pumped about that.
And then obviously, you know, just the typical Thanksgiving right
food and everything. But yeah, that Friday after Thanksgiving, it's
it's Mats.
Speaker 2 (01:03):
For us, that's all. That's a good tradition to have.
Speaker 1 (01:06):
It is an amazing tradition.
Speaker 2 (01:08):
Yeah.
Speaker 1 (01:09):
I went up there like to I like two or
three months ago, maybe August. I was up in Gadston
and you know, they I was like my in laws
didn't order maters, and I'm like, dude, what's up? Like
I do something wrong? What is going on here? Like
I don't understand this? But AnyWho, I thought that was
(01:29):
pretty funny. But yeah, so hey, we're getting getting busier
in the real estate market for sure. For sure, glad
to see that that happened.
Speaker 2 (01:39):
Yep, yep. So that stuff's hopping around, and I think
we're going to get the government back opened up.
Speaker 1 (01:45):
I love it.
Speaker 2 (01:47):
It may already be yeah, officially be back open today,
I think.
Speaker 1 (01:52):
Heck yeah, So.
Speaker 2 (01:53):
I go on Thursday, since we're you know, a little
little tape record here, but we're catching up.
Speaker 1 (02:00):
And so I got a message from uh from Laura,
who's our closing coordinator, and we put let's see eleven
homes under contract in the past week. Nice. So I've
got some shout outs. Yeah, I'm like think, like literally, man,
no doubt. How about this, Carlo Diliberto five homes under
(02:22):
contract in the past week. Five homes under contract, Congratulations,
Handlo Dilberto. H Kyle Bedgood with two homes under contracts So, Kyle,
thank you, congratulations, And then shout outs to John Michael, Brandon,
Frieda Whitley, John Riddle, and T. J. Cunningham on their
contracts for the week and uh, oh, by the way,
(02:44):
I got one too.
Speaker 2 (02:45):
Oh yeah, So.
Speaker 1 (02:50):
You know, I try, like my goal is to try
to get one personally under contract each week, and so
I'm more of on the list side, but I mean
I've got I worked with buyers as well. But you know,
obviously our team works with a lot of buyers and
sellers too, So it's nice to have that, you know,
people back in the mix because I'll tell you, through
(03:11):
the government shutdown like it was almost a real estate shutdown.
Speaker 2 (03:15):
Yeah, yeah, it was. I mean you you had a
lot of people just not quite sure what was going on,
and then and then there was a lot of things
that we didn't really know like how to handle. Like
I think I told you all maybe a couple of
week ago. I've got a guy that's been trying to
resign from the government since before it shut downs and
then and so I guess I'm going to text him
in a minute and say, hey, how's it going. Did
you get all that? Did you get the first thing
this morning or last week? Get that letter in so
(03:38):
telling anyway, So we'll see. But yeah, it's been it's
been a little while, but glad to see it's picking
back up and phones are definitely ringing and rates are
hanging in there.
Speaker 1 (03:46):
So well, we're going to dig in a little bit
more about what we're seeing in the real estate and
the mortgage market in our next segment. But each and
every week we like to talk about our new listings,
our open houses and all that fun stuff. And so, uh,
we've got four We've got two open houses and a
couple of new listings that we're gonna talk about, and uh,
(04:06):
we're gonna play the game. We're gonna guess some mortgage payments.
John Mountins and myself are gonna go against each other
and let's see who's gonna take today's title.
Speaker 2 (04:15):
B tell the rules, all right, So what we're gonna
do is guess. He's gonna go through those properties and
give us some of the cool details of each property.
At the end, he's gonna give us the list price
of the property. Then I will give a potential down
payment that a bar may make, and then they will
guess the thirty or fixed monthly interest monthly principal interest
only payment. M All right, That's all there is to it.
That's simple, and you can play wherever you are right now. Yeah,
(04:38):
guess the mortgage payment?
Speaker 1 (04:40):
Yeah, all right, well let's do this. Here we go,
Here we go. We've got an open house today. Uh
in two places. The first place is uh In on
Avenue Z five, twenty four Avenue Z. This is in
the Tuxedo Heights neighborhood in Birmingham. This is built in
nineteen fifty, recently renovated, three bedrooms, one bath, one thousand,
(05:04):
thirty two square feet. And we are asking eighty five thousand,
eighty five thousand, and this could be a perfect first home,
could be an investment property, really whatever you kind of want.
And it's got updated plumbing, electrical, new gas lines, new
water heater. It's ready to rock. So gus see Tony
McDaniels this afternoon from two to four nice, eighty five thousand.
Speaker 2 (05:27):
Eighty five thousand, putting five percent down. Eighty five thousand,
five percent down, Gusty, it's on.
Speaker 1 (05:34):
You, okay, eighty five thousand, putting five percent down as
a reminder principle and interest for those listening. And I'm
gonna go with I'm gonna go with four sixty three.
Speaker 3 (05:54):
It's tough because you never guess. I bet against Gusty.
I feel like that's maybe a little low, but I
don't know the rates. I'm gonna say five hundred.
Speaker 2 (06:04):
Even five hundred, even the actual payment was four ninety three.
Speaker 3 (06:09):
Oh good, the skin of my teeth.
Speaker 2 (06:13):
Look at you, John, You just need to turn that
six upside down.
Speaker 1 (06:17):
It's all good. It's all again. I've got three to
come back.
Speaker 2 (06:21):
Yeah, you do, all right.
Speaker 1 (06:22):
Our next open house is also this afternoon from two
to four. It is in River Chase, in the River
Chase neighborhood of Hoover. Actually my first house. I grew
up in a house in River Chase at the front
of the neighborhood. But you can go see nine fifty
two Tulip Poplar Lane, nine five two two Loop Poplar Lane.
(06:42):
So it was built in nineteen eighty six on over
half an acre lot. It's four bedrooms, three and a
half baths. It's twenty three hundred and ten square feet
on the main two levels. It's got four hundred and
seventy seven finished square feet in a two car garage
in the basement. And we are asking four fifteen four
fifty nine nine and as a reminder of the Suspain
(07:03):
Park High School, which is where River Chase goes for
high school.
Speaker 2 (07:08):
Tulip Poplar my favorite stream name that we've that we've done.
Speaker 1 (07:12):
Go see Kyle Bedgood today.
Speaker 2 (07:13):
Tulip Poplar. All right, four fifty nine, ten percent down,
John Mountains ten percent down.
Speaker 3 (07:19):
Ten percent down. So we're really looking at somewhere around
four to four hundred thousand even? How about three thousand?
I have no idea. I have nothing to base it on.
Speaker 2 (07:35):
Three thousand. I could tell the way you mumbled in
at three. Yeah, I don't three thousand, get this, thirty
five twenty. I'm gonna get this off my plate.
Speaker 3 (07:43):
Yeah, please, please, Gusty, please give us a correct answer.
Speaker 1 (07:46):
Now I'm trying.
Speaker 2 (07:49):
To hold up, Hold up, hold up, wait a minute.
Speaker 3 (07:52):
All I gotta do is is coming with lower higher
on what I did. Basically, would you say I don't
remember three thousand even? I saw him WinCE at that one.
He's like, what does he think? What is he smoking?
Speaker 1 (08:07):
I'm gonna go with I don't know. Now, I feel
like I'm off twenty five hundred.
Speaker 2 (08:17):
I knew you were gonna go with twenty five hundred
and questions twenty five twenty seven was the actual number.
I knew in his head. He was like, I want
to be close, but I gotta bell.
Speaker 3 (08:27):
Over a strategy. I was trying to fake him out.
Speaker 1 (08:29):
Yeah, something like that, something like that. All right, I'm
back in business, y'all. One to one, all right. Our
next new listing is in Childersburg, Talladega count eighteen Lakeside Drive.
This was built in nineteen fifty. So two bedroom, one
bath home, nine hundred square feet, and we are asking
sixty thousand dollars. Could be a great investment opportunity, whatever
(08:53):
you'd like. So two bedrooms, one bath, sixty thousand. This
listing is courtesy of Isaac Marvin. So Isaac can grab
adulations on your new listing.
Speaker 2 (09:02):
Sixty thousand dollars, three percent down, three percent down back
to Gusty.
Speaker 1 (09:08):
Three percent down. Okay ah, how about four hundred.
Speaker 2 (09:19):
Bucks four hundred for Gusty.
Speaker 3 (09:25):
That seems a little high to me, to say three
hundred and sixty dollars.
Speaker 2 (09:34):
The actual payment was three hundred and fifty five dollars.
John mountains around two.
Speaker 1 (09:39):
John, I'm going to that was around three.
Speaker 2 (09:42):
By the way, I mean, he's got got two out
of the three.
Speaker 1 (09:45):
Oh, man gotta come from behind. Man John has stepped
it up, all right. Our last new listing of the
week is in Kolera eleven ninety four Emerald Ridge Drive. Yes,
it's in the Emerald Emerald Ridge neighborhood. This one is
a four bedroom, two bath garden home built in twenty ten.
We've got sixteen hundred and thirty one square feet on
(10:07):
the main level. We've got four hundred and forty five
square feet upstairs, for a total of two thousand and
seventy six square feet. To eighty nine to nine, to
eighty nine nine. You would not even be able to
build this house for to eighty nine nine these days.
And this listing is courtesy of Kyle Bedgood. All right,
stainless still appliances are awaiting to car garage. How about
(10:32):
that soaking tub? Hello, all right, to eighty.
Speaker 2 (10:36):
Nine nine soaking tub? Needed that voice? Soaking tub? Soaking
tub two eighty nine nine nine five percent down, five
percent down. It's on mister.
Speaker 3 (10:47):
Mounts so to n six cent okay, so ah eighteen fifty.
Speaker 1 (11:10):
What uh five percent down?
Speaker 2 (11:12):
Five percent down?
Speaker 1 (11:14):
Mmmm, God like a little nervous He's got me on
the ropes.
Speaker 2 (11:20):
Ladies's get that one up, all right when you start
working on tie rekords. Just in case, I was gonna say, man, okay,
all right, all right, all right, I've got this.
Speaker 1 (11:33):
I have this. I'm gonna go with.
Speaker 2 (11:39):
Eighteen hundred, eighteen hundred the actual pavement sixteen eighty one.
Gusty gets round four.
Speaker 3 (11:48):
But that means little tah going into double overtime.
Speaker 2 (11:52):
Going into double overtime. Alright, house, see what we got,
same scenario, same scenario, nine five percent down, fifteen year amortization.
Oh my fifteen year.
Speaker 3 (12:06):
Now, remind me what of the Gusty. I wasn't paying
attention because iknew I lost head last week.
Speaker 2 (12:10):
Gusy said, eighteen hundred. The actual payment was sixteen eighty one.
Uh so it'll be two ninety five percent down on
a fifteen year amortization. So fifteen year monthly payment.
Speaker 3 (12:20):
Okay, who's STU starting off me or me or Gusty.
Speaker 2 (12:22):
It's on you, Okay, it's on me, it's on Gusty.
Speaker 3 (12:26):
Yes, yeah, that's on me, John, fifteen year and no pressure.
Speaker 1 (12:35):
Twenty five hundred bucks.
Speaker 3 (12:40):
That seems high. Twenty three hundred dollars.
Speaker 1 (12:46):
I like how he's like that seemed high, and then
directly looked at Brad. I didn't give much anything. He
did not give anything, And.
Speaker 2 (12:55):
Normally I will shade to help John a little. I
tried to state this one was.
Speaker 3 (12:59):
Just been two year trying to play it down in
the middle.
Speaker 2 (13:01):
But I didn't need to today because the actual payment
was two thousand, two and fifty one dollars.
Speaker 3 (13:05):
John Mouth Wi, thank you, thank you very much.
Speaker 1 (13:09):
Oh my gosh, that.
Speaker 2 (13:14):
Was an.
Speaker 3 (13:17):
You can see so looking at the prices, you can
see like the sweet spot of what I'm able to
come up with. You know, I need.
Speaker 2 (13:24):
I need the low end.
Speaker 3 (13:25):
If it's high end stuff, I'm lost, But the low
end stuff I can handle.
Speaker 1 (13:28):
Wow, I got a crushed today. Ouch. All right, let's see,
all right, we've got We've got a couple of buyer needs.
I've got somebody looking up to four hundred thousand near
Rocky Ridge Road. I've got somebody looking up to five
hundred thousand in Homewood, And I've got somebody looking up
to three hundred and fifty thousand near Graystone Y m
(13:52):
c A. All right, Hey, guess what time it is.
That's right, it's testimonial time, all right. I got two today.
All right. This one comes from Alex. The Gusty Goulis
Group acted as a seller's agent for one of my
investment properties in the Birmingham area. Their performance and efficiency
(14:15):
during the listing and sales process was excellent. As a
remote owner, the process was completely hands off for me
and required very little active involvement. Their analysis of the
market was accurate and solid offers were procured shortly after listening.
Cell negotiation and closing was well executed, efficient and clean.
(14:36):
I'll definitely utilize the services of the Gusty Goulis Group
in the future. So Alex, thank you so much for
the opportunity and Gusty congratulations on.
Speaker 2 (14:47):
Another five star reviews.
Speaker 1 (14:50):
That's right, I like it all right. This one's from Pam.
We had an incredible experience with the Gusty Goulis Group
and we highly recommend them. Our household that might might
be Pam over there. Pam our household the first day
it was placed on the market and we secured our
dream home only days into the negotiation process. The group
(15:13):
of professionals have the process of streamline for maximum efficiency
and information. We cannot praise the Gusty Gulis group enough
for the efforts on our behalf. So Pam, congratulations on
selling your property. And Gusty, congratulations.
Speaker 2 (15:32):
On another five star reviews.
Speaker 1 (15:36):
Sometimes you just got to pat your own self on
the back.
Speaker 2 (15:38):
Can I read one? We got one this week? Yes,
Michelle got a five star. All right, let's go. Michelle Smith,
my wife's alone officer with a cross country mortgage. She
got a five star review this week, and I just
wanted to read it real quick, so it was short
and sweet.
Speaker 1 (15:50):
I love it, all right.
Speaker 2 (15:51):
Michelle was so wonderful and never hesitated to text or
call me back when I had a million in one questions.
So thankful for Michelle. That was it, all right, Michelle,
congratulations on another five star review.
Speaker 1 (16:06):
I love it. I love it. There we go, getting
the fam and yeah, roll them in. All right, Hey, y'all,
we're gonna stay y'all, stay tuned. We're gonna take a
quick break. We're gonna talk a little bit about what
is going on in the real estate and mortgage world
right here on both the Broad and Sold. All right,
welcome back to ball Bart and Sold, and I'll tell
you what. We've had some big headlines this week in
(16:26):
the real estate world. And you know, the last six
weeks we've had a huge government shut down long as average. Yeah,
what's crazy significantly longer. And I'll tell you it. In
my opinion, it has impacted the real estate market.
Speaker 2 (16:42):
What do you think, Brad, I would say, there's no doubt.
I mean there's just too many people kind of not
sure and two people affected by it directly. I mean
they're they're actual paychecks and checking accounts and different things
that are tied to it. So I definitely think it
had people kind of like, hold on, what's going on here?
Like because as it kept dragging out, the more we
were like, yeah, all right, like we know it's going
(17:03):
to get resolved eventually, but like what at this point?
Speaker 1 (17:06):
Where?
Speaker 2 (17:07):
Why why is it taking so long? And where are we? So,
you know, it was good to get that news this
past week. President Trump signed it i think late Wednesday
night and then so all that should be going be
pretty good. It'll be interesting how the markets respond to it,
you know, and kind of get a full thing because
like some of the little things like that. You know,
our main two things that are driving the market are
(17:28):
jobs and inflation. Those the two things we were talking
about mostly that are really impacting it. But we had
this government shut down on top of it, and so
the government shutdown, we weren't getting these numbers to look at.
So like we're hoping in the next day or two
we're going to get the September Jobs report, because it
was supposed to be released two days before the government
i mean two days after the government shutdown, so it
(17:50):
was ready to be released, but the government shut down
two days before, so they just held it back. They
just held it back because nobod to evaluate it and
run through and all that good stuff. Now, what we
do have is we have ADP, which a lot of
you people pay rolls come through. ADP was showing about
a little less than twelve thousand job losses a week
for the past four weeks. So we're seeing that, you know,
(18:10):
from from those numbers, we think that unemployment is going
to keep showing weaker signs, which would is not great
for the overall economy, but it's good for mortgage rates.
So that's kind of what we're looking at there, right.
Speaker 1 (18:20):
Usually usually that means rates lower.
Speaker 2 (18:22):
Right and then so now bad news is good news
for your mortgage rates. So that's been you know, an
interesting kind of caveat to pay attention to and kind
of to look at, you know, now we're got luckily
they got to open back up with the better get
all their stuff ready and should be good for the
December ten meeting. It'll be interesting to see if we
get an a rate drop or not now they've opened
(18:43):
back up. I'll be interested to see kind of like well,
the federal Federal Reserve has been open, but as far
as kind of where it starts shifting and kind of
where you get a better feel of where rates are
going to go and what the plan is. But you know,
if we get the two jobs reports and show kind
of what we think they're going to show, inflation should
show some slow downs, and hopefully we'll get that other
hopefull at least in their twenty five days points before
(19:03):
the end of the year.
Speaker 1 (19:04):
Well earlier to you know, earlier in the show, I
talked about we had eleven twelve homes under contract in
the past week, and I think a lot of that
had to do with the government shut down, like kind
of the conversation it was about to be, you know,
finished and signed, and so I think people were now
a little bit more comfortable and getting off the fence,
(19:25):
and you know, I took the last six weeks putting
homes in our contract much more difficult.
Speaker 2 (19:30):
Yes, didn't get We didn't talk.
Speaker 1 (19:32):
A lot about that, you know, during the last six
weeks of the show, because I mean, really the market stalled,
just like you know all the other places, and we
had I was having a conversation with one of our agents.
One of our agent's wife works at SO Security, and
she's like, hey, look, she's not getting paid, like we're
having to like, we're having to really figure all this out.
(19:52):
It's made it super difficult.
Speaker 2 (19:53):
Putting stuff on hold. And you know, it's one of
those things it's hard to talk. It's hard to really
kind of give updates on it because you don't know
so if that if just one week or two weeks
there was kind of an anomaly or kind of just
off until you get a bigger sample size. And again,
but this being the largest, the longest government shutdown, you know,
didn't really know how it was going to impact anything
until you kind of get to the back end of
it and see where it was going. But I do
(20:15):
think that to your point, over the last week, I
think last weekend it kind of they did it. Maybe
they did a trial vote on it and thought they
were going to have it ready. So I think most
people were thinking Friday this past Friday was kind of
the last day that it would be it opened up
by at least Friday. We got to open up on Thursday.
So to your point, I think that that news started
kind of reverberating throughout and people got a little more
(20:36):
comfortable and again back on what the paychecks are going
to be and everything else. So we've talked.
Speaker 1 (20:42):
I've talked about the last I don't know, a few
months calm before the storm. Right now. I feel like
we're going to buyer's market, you know, obviously depending you know.
Interestingly enough, we had a house we listed last week
for offers on it at four hundred and fifty thousand Moody,
and so we haven't really been seeing multiple offers situations
as much. Right so, I still think, you know, depending
(21:04):
on the area, depending on the price points, buyer's market
calm before the storm. But man, if we're talking rates
coming down, we're coming into selling season. I'm still thinking like, hey,
it's going to get busy in the in the spring.
Speaker 2 (21:15):
Yeah. I had a meeting this past week with one
of my mortgage insurance traps, and he was just talking
about he was on the same thing, like unprovoked. You
just like everything they're seeing and reading and all the
data they're getting is just like this twenty twenty six
is going to be and we hope so and everything
stays true without without well, you know, we kind of
had these little teases before and something kind of pulls
(21:36):
the rug out. I hope we can just let the
market be the market and let's just roll this thing,
yeah on this next spring, so that that'd be I
think you're dead on with it being the call before
the storm.
Speaker 1 (21:44):
Yep, yep, for sure.
Speaker 2 (21:45):
All right.
Speaker 1 (21:45):
Also some big news this week, Yeah, talk about a
fifty year mortgage.
Speaker 2 (21:50):
Fifty year mortgage, so so, our our esteemed leader, President
Trump dropped a kind of just a fifty year mortgage
on everybody's lap this past week. And you know, with
that became, you know, you got these headlines that's the
dumbest thing ever, that's terrible from like from a from
mister wonderful Kevin Leary. He was on CNN or something
(22:10):
about it, and he was kind of wearing it out
about how how ridiculous it was. You know, people have
a lot of questions about it right now, it's just
something Trump said, right, I mean, and so are there
some benefits to it? There could be. Are there some drawbacks? Yes,
and so we'll see how it unfolds. I do remind
some people we have a forty year mortgage now, we
(22:32):
have for you know, probably over a decade. And I
don't think I've put one person. I don't think one
person's Yeah, really there's there's It's not for all programs
and everything else, but there's there. There are certain people
that qualify for forty year mortgage currently and and I
don't think I've done one. There's just not there's not
a huge benefit on the it almost gets knocked out,
(22:54):
so that by the interest you're saving as far as
the monthly payment goes, you're putting so little to principle,
but also with you extending it out makes it riskier,
so the mortgage insurance is higher. So the money you're
saving on the interest rate, if you're not putting twenty
percent now I pen two percent down, there's still money
to be saved there. But you know, are you really
worried about if you've got the twenty percent to put down.
Do you really need the payment strung out over fifty years?
(23:15):
I mean, so there's a couple of things there. It's
just right now. Hey, there'll be a lot to work
through if they end up working out something with it.
I don't have a problem with it either way, because again,
it's kind of like the marry the house date the
rate thing. I mean, it's the same thing you're gonna reap.
The average life of mortgage is six years. They're not
gonna have the mortgage for fifty years either way.
Speaker 1 (23:34):
So well, I can tell you from my experience, I
don't like the sign of a fifty year mortgage nose.
I mean, you're signing a document saying that you are
going to do this unless you pay it off.
Speaker 2 (23:42):
Take all the money you're running off the balance sheets
and making on tariffs, and buy more mortgage backed securities
and get the rates down.
Speaker 1 (23:48):
That's how you do it there, that's cross country mortgage
of how we get interest sight.
Speaker 2 (23:54):
We've done it before.
Speaker 1 (23:55):
Hey, go to Gustygoulisgroup dot com. Go to Bradsmithlans dot com.
We would love to help you with either buying or
selling a house. Thanks so much for joining us. We'll
catch you, next time.
Speaker 2 (24:06):
Peace,
Popular Podcasts
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.
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.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.