Shout outs. Staging. Mortgage rates. Roofs

Episode Transcript

Speaker 1 (00:14):
Navigating today's real estate market can be tricky. Wanta buyer,
soela house financier and sure a house? Or stuck with
a house and don't know what to do. Florida Talk
real Estate has been your local one stop real estate
shop since twenty twelve. Get the advice you need from
your local real estate pros.

Speaker 2 (00:31):
Here are your.

Speaker 1 (00:32):
Hosts, Jim Depola and Johnny C live on Real Radio.

Speaker 3 (00:36):
That's right, Good morning South Florida. This is your fill
in host. It's not Johnny C. It's mikey Are Mike
Raw with the mortgage grow.

Speaker 4 (00:50):
Jim.

Speaker 3 (00:51):
Jim goes right before he's you be Johnny C. And
I blanked. I said, I don't even know what I
don't even know what he says, but he does something
like that. It's a good Saturday morning. And let's introduce
the team, of course, the ever present behind the scenes,
the voice behind the behind the screen, behind the curtain.

(01:11):
It's Jimothy's producer extraordinaiy.

Speaker 4 (01:14):
Hello, hello at the man behind the curtain.

Speaker 3 (01:19):
And of course we're here as always with the real
estate agent extraordinaire.

Speaker 2 (01:24):
What does he say? Uh?

Speaker 3 (01:26):
The team, the head of the keller, what's your team name?
Jim Florida Home Pros, Florida Holme pros Keller Williams Florida
Home Pros.

Speaker 2 (01:34):
Innovation aw Innovations.

Speaker 3 (01:38):
And he's going to take over now Mike with the
mortgage from Mike Mike, Mike, Mike the mortgage guy.

Speaker 2 (01:44):
So we've got a little bit of a short crew,
but a strong crew. Today. I'm going to be Jimmy
D for a little bit while Mike's Mike's Mikey or.

Speaker 4 (01:54):
The D big d oh.

Speaker 2 (02:00):
That reminds me of Rob.

Speaker 3 (02:01):
Now now I'm thinking about Rob with that guy that
would call up all the time. I still laugh about that.

Speaker 2 (02:06):
That makes me laugh. And Johnny still hasn't told me
who that guy is yet. I still Johnny won't tell
me ever.

Speaker 3 (02:14):
Yeah, they they know who he is.

Speaker 2 (02:17):
Oh yeah, Johnny knows happy. Yeah, Johnny knows who they
are and play the game. Yeah, they might even be calling.
You know, they might even call our show. Since then
and not done the bit, uh that Rob's gone.

Speaker 3 (02:30):
I think if Johnny were here, he would tell uh,
he would tell the people how to watch the show,
how to contact us, all that stuff.

Speaker 2 (02:37):
Yes, that's true. So if you want to we are live.
This is February eight eighth. We are live, so you
can actually call us up and ask any kind of
real estate questions. If you have questions on refire or
mortgage is perfect time. We got Mike here, and of
course any kind of questions about buying, selling, or investing

(02:58):
in real estate or any other kind of questions. It
will take any question. Yeah, we'll take any questions.

Speaker 4 (03:02):
All you gotta do the Mike's workout routine. I want
to know all about that nine seven six nine six
nine eight seven seven nine to seven six ' nine
six nine. I haven't had to feel the call to
here too many times in the past month or two.
I think one call last week, uh and one the
week before. So kime on, keep me busy. I want

(03:23):
to I want to have something to do back here. Yeah,
show those calls.

Speaker 2 (03:27):
We love. We love taking your calls. Some what we
have been getting a lot, Timothy, is people reaching out
while they're listening to the show and sending UH questions
through our email system. On our Florida Talk real Estate
page Florida Talk Realestate dot com. You could just say
contact us and you click it and it really turns

(03:47):
into an email and they're sending uh, information about it.
We had a call last week from April who needs
to sell a town home and she's been trying to
sell it for a year now. Wow and yeah. And
the problem was is that she has tenants in there,
and the realtor was kind of a newbie realtor and

(04:08):
they were bending over backwards with the tenants about like
the tenants like, well, we're only going to let you
have people come in one day a week from this
time to this time, and that's it. Sure, And I
explained to the owner, I said, you know that you
have legal rights to show that property all week long
as long as you give reasonable notice. They have to

(04:33):
let you in to show the property as part of
the standard regulations for release.

Speaker 3 (04:37):
And as a standard seller, you would want pretty much
to someone come see the home anytime they wanted, right Like,
you'd want to be as flexible as possible for your
potential buyers.

Speaker 2 (04:48):
While trying to be fair to the tenants at the
same time. So that's why reasonable notice must be.

Speaker 3 (04:53):
You can't call them up at ten o'clock and say
we're coming over at twelve, or just opening up the
door without asking anybody.

Speaker 4 (05:00):
It's written out in some sort of regulation or law
some like twenty four hours or something like that.

Speaker 2 (05:04):
Yeah, I'm just throwing it. That's why they use the
term reasonable times. So she had no idea about that,
and the realtor that they were working with, and if
they knew that, they might have been able to get
the property sold during that year. So because they hard
to have hardly had any showings at all. So we're
gonna be calling her again next week. But those are
just kind of the calls that we get off air,

(05:25):
you know about this stuff. So we really appreciate you
doing off air and the way you can contact this
soft air. Wait a second, Mike, go ahead and talk
for a second. I gotta charge up my computer. It's
going to die. Hover. Wow, I gotta plug.

Speaker 4 (05:37):
That in eight eight eight nine seven three seven eight
two eight. That's the number the gym was just referencing.
As far as contacting Florida Talk real Estate off air again.
You can ask any question there and even if it's
not real estate, if it's mortgage related, if it's real
estate attorney help that you need, we have the people
that can help you through there. You want to quote
on homeowners insurance, you're maybe buying a new construction home

(06:00):
and you want to know what your monthly nut's going
to be. Homeowners insurance is a big part of that plan.
And if you call eight eight eight nine seven to
three seven eight two eight, you can get hooked up
with Ross at bright Way Insurance and Juno Beach that's
the bright Way office that you need, and he can
find out and give you a quote on homeowners insurance
as just one way of addressing your insurance needs. By

(06:21):
the way, flood insurance, car insurance too, Yeah, they're offer
their My wife and I switched over to bright Way
Insurance for our car insurance and saved a bunch of
money bucks.

Speaker 2 (06:31):
Oh that's good. Yeah, it was.

Speaker 4 (06:33):
Well worth the time an investment. By the way, that
time costs how much zero dollars because Ross will give
you a free estimate on that. So it's it's a
great way to find good information to help you make
better decisions.

Speaker 3 (06:45):
Yeah, and those those simple phone call away like you
can get answers quickly and Ross will tell you, hey,
you're good with what you got, like you're not going
to do any better or it's not that much better
where you know, apples to apples, you're going to fine policy,
So those calls are pretty straightforward. You can get to
Ross through the number Jimmy Timothy's giving.

Speaker 4 (07:02):
You know, that's a great point too, Mike. I mean,
I love the way he says that, because that's the
exact terminology that Ross will give you or what was
you know, the people that he worked with him is
will give you, Okay, apple to apples, Here is your
price comparison. Here is something that might be a little
bit better for you. It might cost a couple extra dollars,
but you'll get this much better coverage. Or maybe you

(07:23):
can even save a couple of dollars by eliminating a
couple of things. But he always gives you the apple
to apple, the exact same that you have now, and
it's a great comparison that I love. You.

Speaker 2 (07:33):
Guys are freaking me out right now because I just remember,
remember I told you, I think it was last week
or the week before, about how I screwed up and
had the the traffic ticket and it didn't take care
of it to the last minute, right, So all I
did was postpone it so my license wouldn't be suspended.
And then I forgot to go to the ticket guide
to give him the paperwork, and I think I'm supposed

(07:56):
to have my court hearing on Monday. We just rema,
oh my god, just yeah, you guys are talking about
this and it came back and like, oh my god,
I'm I've been working too hard. Do you need a lawyer?

Speaker 3 (08:07):
Why didn't you do why didn't you do those services
that just like take.

Speaker 2 (08:10):
That, That's what I mean. I didn't want to say
the company, but I'm doing I just haven't done it yet.
I've been busy. Oh so I barely got out of
the suspension and now I'm back into being in trouble again.
Oh my gosh. And you have to drive for a living.
Oh yeah. I drove two hundred and twenty five miles
yesterday and two hundred and something miles of the day before,
So yes, I drive a lot. So uh, getting getting

(08:36):
back to the people that are calling everything before, I
want to use the I know right. Oh, speaking of which,
I think I found out the clown killer title for
the TV show that's coming on sun Dance March first. Okay,
it's called it's on the Sundance channels called Murder at
Your Doorstep. I think that's what they're calling the show. Yeah,

(08:59):
the This is the clown Killer. Yeah, three part documentary
on the Wellington clown Killer from thirty years ago. I
was interviewed and supposedly I'm in this documentary. So I
think it's gonna be kind of just kind of fun
just to watch and see see what's gonna happen. I
don't even know how to get the sun Dance channel.
It's also a British channel. I think ITV every time.

(09:22):
Oh yeah, right, you say that.

Speaker 4 (09:25):
You're in it. Somebody just mentions that you were investigating
a type.

Speaker 2 (09:28):
Thing and yeah, I will ye.

Speaker 4 (09:30):
They allowed to use your name at without your permission
or knowledge because you're just you interviewed for it, right.

Speaker 2 (09:38):
Yeah, they interviewed. So they interviewed me for like nine
hours one day, well actually over two days, they interviewed
me like nine hours. They actually rented out, they rented
out a home and created like this little studio in
the living room so they can interview me. And then
I was walking around where one of the suspects in
the case, who was never arrested for this, for this murder,

(10:01):
he owned a car dealership over by pomp each Leaks
Boulevard and Dixie, So we were walking around the old
car dealership and doing all this stuff because I remember
when they were raiding the car dealership and they were
like eight million PbSO deputies there and they were just
ripping apart the place looking for documents and evidence and stuff,
and we got a tip, so we kind of secretly

(10:23):
kind of spied on the police while they were doing
it and all that. So it was pretty crazy.

Speaker 3 (10:27):
You do you have noticed that, like how much time
you're on screen.

Speaker 2 (10:31):
I have no idea. I thought i'd be on the
cutting room floor, to be honest with you, altogether, Yeah,
I thought maybe I wouldn't even make this at all.
But then they kept bugging me because you know, a
mister procrastinating. You know, not for my customers. I'm like
talking to my customers, but for me, my life. Yeah,
my whole life is a mess, but my customers are
doing great.

Speaker 4 (10:50):
So my whole life. There's a T shirt my whole
life customers.

Speaker 2 (10:56):
So uh. One they kept asking me for photo was
from back when I was a reporter thirty years ago.
And I'm not a photo guy. I don't take a
lot of photos. I'm not one of those selfie people
and I just don't do it.

Speaker 3 (11:08):
I don't think it exists back then.

Speaker 2 (11:09):
Yeah, And my family's never really been into lots of
photos and stuff, right, It isn't like we're always taking
like birthdays and holidays and stuff. Maybe a snap here
or there, but nothing.

Speaker 3 (11:20):
You guys didn't have a what was the guy's name
in Superman the photographer Jimmy.

Speaker 2 (11:26):
Oh yeah, Jimmy.

Speaker 3 (11:27):
Yeah. They guys didn't have a Jimmy who was just
had a camera everywhere.

Speaker 2 (11:30):
I actually had a lot of stuff back in the day,
but I can't find anymore. Like I remember one time
there was a police officer. There was a guy that
was over by, oh what was what's the famous hotel by?
Because they changed the name of a bunch of times
over in Lantana on lantowna road in a n a uh.
I think it used to be called Oh, it's on

(11:51):
the tip of my tongue. It was a famous resort,
but they've changed names a couple I think I know
what you're talking about. Oh day Palm Beach now or
something like that. I don't remember, but anyway, that place,
I remember one of the police officers from Menalopan over
there a Menalopan. They had firefighter police officers. They were
cross trained. Yeah, one of the few places in the

(12:14):
state where they had cross training. Always made fun about
that because one time a house three hundred yards from
the police fire department burnt to the ground before they
got there, three hundred yards away, Like really, that just
shows you you can't do both well. I guess they're
really great cops because the firefighting not so much interesting.

(12:35):
That was a long time ago, and two people died
in that fire. But anyway, there was a person that
got was messing around with shark they found on the
beach or something. It was a small nurse shark. It
was probably like three feet long or something. Anyway, he
thought it was dead, put his hand in the mouth.
I don't know why you would do that, and it
wasn't dead, and the clamped on it and he couldn't

(12:55):
get his hand out. He couldn't get his arm out,
So a police officer came and he shot the shark
in the head like.

Speaker 3 (13:03):
Four ti trying to hand. No, he didn't, but they
have a small yeah, apparently it's hard to hit. Yeah,
first time, and he shot it a whole kind of
like alligators, right, they have a little tiny like, although
I think when the bullet hits a kind of like
will mess him up.

Speaker 2 (13:17):
Well, what was surprising about that? I don't know what
kind of firearm are used. This is the nineties. But
the head wasn't like blown to smithereens or anything. Yeah,
just see like little holes in there. I didn't So anyway,
I had a picture of me holding the shark that was,
you know, dead, with the bullet holes that it holding
it by its tail, and our photographer Jimmy shot it.

(13:38):
But I couldn't find those photos. I couldn't find my
press pass. I thought given him my press pass with
my photo on it would be cool.

Speaker 3 (13:44):
Sure, I couldn't tell him it used to it was
the right now it's called h On Beach.

Speaker 2 (13:50):
Yeah, it was an interesting name. Is that I don't
pronounce au.

Speaker 3 (13:55):
I'm a friend. Yeah, it's like a scent, right, like
a smell. But prior to that, it was the Ritz Carlton.
Yea you're thinking of is maybe La Coquel Club?

Speaker 2 (14:10):
No, I think it was Ritz Carlton when I.

Speaker 3 (14:13):
Remember that when we first we first moved down here,
So if we stayed.

Speaker 2 (14:17):
There, I wanted to go. I wanted to talk about
you know, I like talking about creepy critters, so I
want to talk about this creepy critter. So a pomp
Beach County school board employee is the creepy critter in
this one because he got busted for stealing all that
copper from those stadiums. Remember we talked a couple of

(14:38):
weeks ago.

Speaker 3 (14:39):
I don't remember that.

Speaker 2 (14:40):
Okay, So a couple of weeks ago, three pom Beach
house at the time. This is the article from the
At the time, three pomp Beach County high schools had
copper stolen from their scoreboards. So all their scoreboards for
the sports things. People were ripping out the copper. Obviously,
howking it, you know, pawning it off? And why do
you need copper and scoreboard? All the wiring, electronic wiring.

Speaker 3 (15:03):
Oh the copper wiring. I'm talking copper plumbing pipe. Oh,
no copper wire, all the wiring.

Speaker 2 (15:08):
Yep, ripped out all the wiring, and supposedly you cost
him over three quarters a million dollars recorded this article
for the damage going to these boards. And uh, the
week after we announced this, I just didn't get to
say it. A week after he announced this in the newspapers,
they busted a pomp Beach County school Board employee who

(15:29):
lived in Pointon and they went to his house to
bust them, and the guy goes, I know what you're
here for. I've been stealing the copper wire buying it.
And I'm like, that's a good way. As soon as
you get caught, makes it pretty easy where you just
confessed right away.

Speaker 3 (15:43):
Yeah, he must feeling terribly guilty.

Speaker 2 (15:45):
They had twenty schools that were hit. It wasn't just
three that they reported originally, and it was seven hundred
and seventy nine thousand dollars worth of copper wire and
twenty different schools were burglarized over the last two years.
They the wire taken from multiple light poles, electrical boxes,
and scoreboards. This guy was working as a temporary employee

(16:08):
for eight months and then got a full time job
in July. In July and then in July, these thefts
started just skyrocketing all the way until January, which is
about the time they figured out who he was. That's
a lot of money of wire. It must be a
thicker gauge. Well, what we learned from the article, and

(16:29):
I think Jimmy helped me with this, is that there's
dirty copper and clean copper. Clean coppers is stripped of everything. Yep,
dirty copper is it has the casing over it, or
maybe it's in something that you still got to pull
the wire out.

Speaker 4 (16:43):
Or you were talking about plumbing, right, so you have
copper plumbing. So if it's also connected to a piece
of brass, like it's been soldered and all that it's
still together, or it's you know, other metals like cast iron,
which have very little value compared to copper. And if
you keep that all together, then it's dirty.

Speaker 2 (17:00):
Right.

Speaker 4 (17:00):
They have to clean it.

Speaker 2 (17:02):
You have to do all that stuff. And the reason
why I brought it up the first time about the
scoreboards being ripped off. Or remind me when people used
to break into the A. C. Seas and steal all
the metal from the acs during the foreclosure crisis, because
they are all these abandoned houses everywhere.

Speaker 3 (17:19):
Yeah, everything the copper coils and yeah, the house I
currently live in when we when we bought it, Oh
you have have copper stripped out of the inside copper pipes.

Speaker 2 (17:30):
Well, you had the you had the you had the
thieves and the dead person in the yard.

Speaker 3 (17:34):
Yeah, you had all of that for that one.

Speaker 2 (17:36):
That house was curse man. But yeah, you guys, you
guys uncursed it.

Speaker 3 (17:41):
I mean I have gone bald since I met so.

Speaker 2 (17:46):
So anyway, this guy got busted and the quote was,
I know why you're here because I stole copper from
the schools. So anyway, Uh, he was probably getting about
four dollars a pound or two dollars a pound for
this stuff. So even though the damage was seven seventy
nine thousand, I'm sure you only got a fraction of that. Sure,

(18:06):
And how they tracked him down is, uh, they started
going to scrap yards and trying to find large deposits
of copper, right, and a couple of these places, these
scrap yards, they had photos of the school board, school
boarder by weight in their uniform, bringing in the copper,

(18:27):
bringing in the copper.

Speaker 3 (18:29):
You go to the scrap yards, I've been to a couple,
you know, doing veryous. Yeah, they always I du they
take photos like they have very strict Uh, they like
they're they're covering every single transaction, and they're strict about
what they buy because if they get caught buying certain
things like I think there was like manhole covers or
something at some point.

Speaker 2 (18:49):
And probably catalytic converters. Oh yeah, that's the other one.
There's a huge us. I got mine ripped off my
nineteen ninety seven Toyota four Runner when I was working
at Remax Complete Solutions when we started the show. I
remember going into the office to do some work. I
was in there more than an hour. I come back outside.

(19:10):
I turn my engine on, and you know, I'm you know,
I'm not a car guy, Mike, do is that better
than anything? And the car started sounded funny. It sounded
like a race car or something. I'm like, what the
hell's going on in car? Yeah? It was like, what
the Hell's going on? And then finally I looked at
the hood and couldn't see anything. Then I went underneath
and I noticed my the converter. With God, they stole

(19:31):
that in an hour because I wasn't there more than
an hour. I've seen him.

Speaker 4 (19:34):
You got to get in there with the saws on,
boom boom. It doesn't really take all that long. Especially
got a skinny dude and just scoot right under there.

Speaker 3 (19:42):
Whatever four Runner would be a little bit elevated, Yeah.

Speaker 2 (19:45):
Well it was. It was very easy to get in
and get out.

Speaker 3 (19:48):
Uh.

Speaker 2 (19:49):
The other thing though, talking about that Mike about you know,
take your ID and everything. Property crime detectives go to
those pawn shops and the scrap yards and just check
what's going on all the time. It's part of their job.
At least when I was a reporter, was part of
their job to go out there and do that, just
stop buying and see what's going on over there. So anyway,

(20:09):
the guy got busted, hopefully no more wire would be stolen.
I felt like it was the old days. That's that's
my creepy critics starly story for the week.

Speaker 3 (20:16):
Yeah, that's I mean, it's good he got caught. I
guess he would go when the board wasn't going to
be in use for a while, like like off season season.

Speaker 2 (20:25):
Because of his credentials, it was easier to him to
get access after hours to the stuff that he was stealing.
So and they didn't expect, they didn't expect an inside job.
I'm sure, yep, yep. A little bit on the break,
we still got a little bit of time here, but
after the break, we're going to talk about real life

(20:46):
stories that are happening right now that our team on
this radio show has been helping customers with over the
last just this last week, we're just going to look
like a week in the life of the Florida Talk
real Estate team and talk about our customers and what's
happening with them. We're going to be doing that. On
the flip side, I just wanted to do a shout
out to Yeah, well, it isn't like a shout out

(21:11):
shout out. It's Southern Living came out with best beaches
in the United States and they said one Florida beach
has the clearest waters in the South and that beach
is Jupiter, right, So I just thought that was interesting
here in Pompage County. They said that the reason why

(21:31):
the waters are so clear in Jupiter is because we're
so close to the Gulf Stream and it's you know,
and they were talking about how great Jupiter is to live,
which me and Ross were talking about last week. And
Ross is always saying, don't tell anybody. Don't tell anybody,
because it is a little different in the north part
of the county than it is central or south part
of county in my opinion. But anyway, I just thought

(21:54):
that was kind of interesting that Jupiter has some of
the clearest waters. According to Southern Living and their survey.

Speaker 3 (22:01):
Does Juno count as well as Jupiter.

Speaker 2 (22:04):
It doesn't, But they also say nearby Juno Beach is
home with the famous Juno Beach Pier, a nine ninety
foot board board board walk that's a popular spot for
fishing and suns that chasing. I know your son Andre's
goes fishing over there on and yeah, that's right, and
Tony and then do you know, it's pretty much the
beach we go to say you go there now, right,

(22:26):
that's when you go to.

Speaker 3 (22:28):
I used to just go straight over to Palm Beach,
but that's because it was the closest. I'm like, why
would we go anywhere else?

Speaker 2 (22:35):
Like nice?

Speaker 3 (22:36):
But parking at Palm Beach has gotten a little bit tricky.

Speaker 2 (22:39):
It's been a lot tougher, and they also have a
lot of more beach problems.

Speaker 3 (22:45):
They also have issues about once every two weeks.

Speaker 2 (22:49):
Yeah, yeah they do. Now now it's a lot harder
to get over there. I saw an article on the Palm.

Speaker 3 (22:53):
Beach Jimmy doesn't know what we're talking about. When the
Air Force one flies.

Speaker 4 (22:57):
Air Force one, you know, I had a funny feeling
it might be refersent the fact that our president is
a local again matter of fact. And just this morning
as I was walking by, I think it was to
come let you in, Mike. They had on the news
that he's in town right now. So that'll cause some
delays in the traffic because of wind.

Speaker 3 (23:15):
Air Force one makes that Southern Boulevard bridge over to
the island a little.

Speaker 2 (23:19):
Bit that that's when that's The pomp Beach Post about
three or four weeks ago had a story saying the
town of pomp Beachers are up in arms because all
the traffic blocking because of security and everything, and then
just people coming over just to gawk and things like that,
and it's like really crazy over there right now.

Speaker 3 (23:40):
I mean, it's pretty cool when you drive on Southern
and you see Air Force one parked, you know, in
the airport.

Speaker 2 (23:46):
But you know what bothers me, it is cool. That's
totally cool. But you know what I think is crazy.
He was there for four years the first time. Yeah. Yeah.
And how they protect that Air Force one is they
took a bunch of old school buses and put it
in front, so it's kind of like blocking the view
of Air Force One, which wasn't blocking the view at all.

Speaker 3 (24:04):
I don't know if they're old or not.

Speaker 2 (24:06):
Oh, you think they're like usable.

Speaker 3 (24:08):
I think yeah, that they're part of the active fleet.
And then they park them there because you know it's
a good parking spot. And no, no, it's purpose.

Speaker 2 (24:18):
No, it wasn't a good parking spot, Mike, because when
Air Force one, when when he wasn't president, when Trump
wasn't president. There they know the buses weren't there. They're
doing a force war. Don't you think they could have
built something if they're worried about security. Don't you think
over time they could have built something there to more
than just throwing a bunch of school buses in front

(24:40):
of the plane. I think that they should have done
some of the security wise.

Speaker 4 (24:45):
Were you thinking, Mike, along the lines of like the
press that's on there uses the buses.

Speaker 3 (24:49):
To go to the No, No, they bring in the
buses for security.

Speaker 2 (24:54):
I'm sure, like for like I kind of like explosives
or something or snipers I don't know, or whatever.

Speaker 3 (25:00):
Yeah, maybe it's just a barrier some kind.

Speaker 2 (25:04):
But to me, it's like, so it's so low red.
It's like, really, that's what I would just throw a
bunch of school busses out there to protect them.

Speaker 3 (25:11):
They could use that strategy at the border. Yeah, exactly,
make a wall of school buses. Oh, the school buss
is there. We can't cross the line now. So anyway,
somebody should go over there and make that a little
more secure. In my opinion, it's but it is cool.
The air Force one is very cool. They haven't had
any problems, so it's works.

Speaker 2 (25:29):
Oh thank god, I'm not gonna would thank god.

Speaker 4 (25:31):
Well, it makes it makes you wonder too, how much
surveillance they have around that area. Again, I know what
you're talking about because his uh, his private jet is
always over there, even when he wasn't president, like when
in between the four years. So you know, anytime you
go outside there and you can see the Trump jet
and he's still a high pre you know, he's a

(25:54):
high value target or whatever you want to talk about. Uh,
even when he doesn't sit in the position president. So
it made you wonder, you know, I mean, what would
it take for somebody to do something just from southern
you know, yeah area driving any one of those aviation areas.
You know, that's not security. I would say, like to
the inside.

Speaker 3 (26:14):
Normally I would say, like you trust the Secret series. Yeah,
Secret Service has it all covered. But you know there
was that one incident, yeah multiple, you know, yeah, twice.

Speaker 4 (26:27):
Two, especially the one you know in Pennsylvania.

Speaker 3 (26:30):
Hopefully they've tightened up their game. But what were you
talking about the beaches?

Speaker 2 (26:36):
Yeah? Yeah, So I want to switch over to just
a little bit of good news. And when I say
good news, it isn't like tremendously good news, but hey,
it's a glimmer of hope. We're moving in the right direction.
We're moving forward about insurance and we'll talk about this
more when Ross comes next week. I saw something but
there there's another company that's coming into Florida, and uh,

(26:59):
they are very interested in like insuring homes in our area.
So we lost the most insurance companies ever over the
last couple of years, so that they're coming back is
a good thing. So we're hoping. And here are some
of the results of having these having these new regulations,

(27:21):
plus the new corporations that are coming back.

Speaker 3 (27:24):
One of the and the saw the rate cuts on
citizens policies. No, what do you see that headline?

Speaker 2 (27:30):
No, what do you know? What's up? Excuse me? That's good?
What's that?

Speaker 3 (27:34):
Florida Governor Ron DeSantis on Wednesday said that many South
Florida customers of the State Citizens Property Insurance Corp. Will
receive rate decreases this year this year twenty twenty five.

Speaker 2 (27:45):
Nice. Okay, I have to look that o and see it.
Thanks Mike. Did they say what percentage? Like? Everything?

Speaker 3 (27:50):
Price will be six point three percent?

Speaker 2 (27:52):
Wow?

Speaker 3 (27:52):
So that's significant, right, I mean it's I think people
take anything at this point.

Speaker 2 (27:57):
Yeah. Hey, it's kind of like when you're at the
blackjack table. If it's a push and you get your
money back, it's it's it's a win. Right, So anything
you get money coming back to you as a win.

Speaker 3 (28:06):
That's why it says here Broward County, So any any
homes in Broward County with Citizens, we'll get an average
rate decrease of four and a half percent.

Speaker 2 (28:16):
Okay, so at least we're seeing it flattening out. We're
still seeing that flattening out of price increases, and now
we're actually seeing decreases, which will be really nice. Last year,
what we saw is the prices weren't going up as
fast as they were the year before. If we actually
see d declining prices, that would be really really nice.

(28:37):
We need that little bit of a break. Speaking of break,
let's take a break on and on the flip side.
What we're going to talk about is all the things
that this team has done over the last week or so,
and obviously it's more than a week, but I just
want to show you what a week in the life
of the Florida Talk Real Estate team is about, and

(28:57):
who's using us and who's asking what and who's asking
for our help and how we're helping them. Right, We're
gonna do that on the flip side.

Speaker 4 (29:04):
That sounds good. Eight seven seven nine two seven six
nine six nine eight seven seven nine two seven six
nine sixty nine. You got a mortgage question, we got
the guy for you. You got a real estate question,
we got the guy for you. There too. Also what
Jim just laid out where we're gonna talk to on
here on the side of the break. Right here on
Real Radio ninety two one and one on one seven
on the Treasure Coast.

Speaker 1 (29:38):
This is Florida Talk Real Estate with Jim Depola and
Johnny c. Got a question for the show. Call us
live at one eight seven seven nine two seven sixty
nine sixty nine.

Speaker 2 (29:49):
That's right, that's right. This is Florida Talk real Estate,
the number one real estate show, number one information provider
all things real estate in Florida, every week for thirteen years,
for two hours hours every Saturday, live and then it
turns into reruns on the iHeartRadio app on the Florida
Talk real Estate channels for YouTube and Facebook, and then

(30:11):
of course we're always live on air for ninety two
one and one on one point seven. Welcome to our show.
If you want to call and have any questions for
Mic Rout from the mortgage firm, Hey, Mike, how's it
going today? Good morning? Give us a call. All you
got to do is call eight seven seven nine two
seven six ' nine six nine. If you want to
talk to us off air about something that you consider private,

(30:31):
or you have questions about and feel like calling us later,
all you have to do is call eight eight eight
nine seven three seven eight two eight. I know that's
a lot to remember, so just remember this Florida Talk
real Estate. Google it. We're everywhere. You can contact us
in a million different ways.

Speaker 3 (30:47):
And they can watch me live right now on YouTube
and Facebook and here comes there.

Speaker 2 (30:53):
Yeah, I didn't notice that the cameras on move. It's
a mover thing.

Speaker 3 (30:58):
It followed him out, didn't follow him back then?

Speaker 2 (31:00):
Yes, exactly. And jim ATI's here are a producer who
actually is kind of like a Minnie Johnny C today.
How are you doing, Jimmy and.

Speaker 4 (31:09):
Doing M'm mister d and fine?

Speaker 2 (31:11):
My favorite kind of pudding? Remember Mighty Fine pudding. You
probably don't remember that. I don't. That was a putting
mixed box that you had with Anyway, it's long sporting.

Speaker 4 (31:23):
Interesting.

Speaker 2 (31:25):
You never heard of might that was a brand? You what?

Speaker 3 (31:27):
I've only ever heard of Jello?

Speaker 2 (31:30):
I think, Yeah, there was a brand called Mike T Fine,
m y T Fine, Okay, mighty fine, j E L L.

Speaker 3 (31:38):
I wonder who bought him up.

Speaker 2 (31:40):
I don't know. I don't even know it's still around him.
I'm so old, who knows? So uh? I wanted to
go over. I was as I was trying to do
the show prep for this week. And by the way,
Johnny's not here this week. He's just feeling a little
under the weather. Everything will be fine. I'm wondering if
he's just really getting ready for the super Bowl party.

Speaker 3 (31:59):
But he said he.

Speaker 2 (32:00):
Could make it this week. Yeah, he's the super Bowl
party this year, so we'll see him next week. I
hope you feel better, Johnny and Ross will be back
next week also. So just wanted to give you some
ideas of like the people that call us and what
they ask us about and how we end up helping them.
I thought there'd be a couple of little teachable moments

(32:22):
and make people go, hey, that's the thing I need,
and maybe I should give him a call. So the
first person I want to do is a little bit
of a shout out is to Cisco and Michelle. I'm
going to be selling their house in Copper Creek and
Port Saint Lucy. It's a newer construction home I think
was built in twenty twenty. It's four bedroom, three bath,
two story home with a very low hoa in a

(32:45):
gated community. So thank you so much for trusting us.
We just took that listing yesterday, so it'll probably be
on the market in about ten days.

Speaker 3 (32:54):
You know, Ballpark. What's the price point?

Speaker 2 (32:58):
Let me see, we're putting the house I saw on
the market for four hundred and thirty thousand dollars four bedroom,
four bedroom, three baths, two story, twenty twenty construction, Not bad,
not a bad price. It's a baby. Yeah, it's pretty good. Yep.
That sounds good. Yep. And I wanted to give a
shout out to Mike, which is the father of Michelle

(33:19):
and Mike. I help Mike and his sister Diane sell
a property also import Saint Lucy. I think it was
twenty twenty three, but it could have been twenty twenty two. No,
it wasn't twenty twenty two, it was twenty twenty three.
So anyway, we helped Mike sell a house that he
needed to sell. He was a great customer work with.
Really enjoyed working with him and fun to talk to

(33:41):
him when we do. And he said, you know, my sister,
my daughter, and my son in law need to sell.
So thank you for trusting us. We're going to have
that house on the market about ten days. Another customer,
Shane and Angela. They own a company called pest Smart.
I always I don't want to s say it like
the like the chain, pest Smart, like a pesticide company,

(34:04):
not the pet store, not the pet store. Pests Smart. Yeah,
pest Smart.

Speaker 3 (34:09):
And it's a tough one to say.

Speaker 2 (34:11):
And I have a I have a I've always had
a uh what do you call it? A speech impediment,
so that I'm having a hard time seeing.

Speaker 3 (34:19):
No, that's smart because you have a pest, and then
s again, yeah, yeah, yeah, yeah, pests smart.

Speaker 2 (34:26):
But uh, they've been around in the county. Uh, actually
not just the county, but they've been around I think
thirty years or longer. The company they had a They
have a really nice, fully upgraded one to one condo
in North Palm Beach on the intercoastal in a community
where you can rent and buy boat docks. They don't

(34:48):
have a d boat dock with this particular unit, but
it is so nice. They upgraded everything. Small unit, it's
only seven hundred and twenty square feet, but you're surrounded
by water all the time and downtown North Palm We
just talked about that, I think last week Jimothy Rain
saying North Palm was one of the safest places for

(35:10):
seniors to live.

Speaker 4 (35:11):
Yes, right, you were reading off yep.

Speaker 2 (35:15):
And so this is a really great one to one
water front condo in North Palm Beach. You can't rent
it out for the first year, but after that you
can turn it into rental. How we got Shane and
Angela is Shane has listened to our radio show, and
then Shane came to us to sell that condo in

(35:36):
twenty twenty two, but we also put it up for
rent and we got such a great rental situation. It
was so profitable that they said, we're going to take
it off the market and turn it into the rental
and now it's time to sell it again. So we're
going to go out and try to sell it. And
also I wanted to give a shout out to Shane
because Shane referred me to another really nice waterfront condo

(35:59):
that we have five over community on Singer Island. We're
going to be doing an open house next Saturday. Chris Peterson,
a new Keller Williams agent and one of my former customers,
is going to be I think you've talked to Chris already. Yeah, sure,
And Chris is going to be doing the open house
for us next Saturday, so it's going to be on
the air to talk about it. That's a two to
two fully renovated, brand new everything clients has never been

(36:22):
used before. I don't even know if the toilet's been
used at this point. I mean, everything is brand new
in this two two condo and it has a boat
slip that could take a twenty two foot boat wow
as part of it, and so that does have the
dated doc. And we have that one at five point
fifty nine, which is very reasonably priced to have a

(36:42):
deedd boat dock and a brand new everything unit. So
thank you Shane for referring those people out, and thank
you for allowing me to sell your condo this year.
Then I wanted to give congratulations to Roberto Yanelli. They
have done so many different things with the Florida Talk
Real Estate team. So Roberto, you know, he came to

(37:05):
us in twenty eighteen. We helped them buy their home
up in Port Saint Lucy. Mike was the mortgage broker
for it. Ross was the insurance guy. Tried to entitled
closed them and our team, the Florida Homebros. Help them
find the property.

Speaker 4 (37:21):
I got the whole gang.

Speaker 2 (37:22):
Everybody was used in that one. Let's see, I'm trying
to think of Nope, they didn't hire any of our
contractors that we used on. I was what if they
had that too, but they didn't.

Speaker 3 (37:31):
Need the Crasker. No, no, there's a tie in there.

Speaker 2 (37:35):
Yeah, tried and Crasker kind of close and so they
did what I call the Grand Slam. They used all
four of our services. They were really really happy. So
now it was time to sell because Roberto got a
job relocation and he told me to sell his house fast, right,
But I also didn't want to because he was a
first time home buyer when he bought that house, so

(37:57):
I didn't want him to sell it fast. And lo,
I just needed to sell it fast because I didn't
want him to leave too much money on the table
because that money is going to be used when he
moves up there to buy a new home, which he'll
be going to mic in a few months to buy
the new home after he gets adjusted up there. So

(38:17):
I wanted to do something while we have the thing,
because Roberto was signing the documents today to close, and
I just want to see. Remember I kept talking to
you guys about the three other properties that were for
sale right around Roberto's house, angry neighbors. Yeah, well yeah,
they're all Keller Williams agents, and let me see, Okay,

(38:40):
So the one across the street, the.

Speaker 3 (38:42):
One they weren't angry until Jim came along. Yeah, and
sold at home faster than Yeah. It was a little crazy.
Oh wow, I can't believe this one of them. Wow,
is it pending if it didn't go pending? This live research, Yeah,
live research right now.

Speaker 2 (39:01):
One of them is still on the market, the one
across the street from us, it was on the market
one hundred and forty eight days, still on the market.
Ours is pending, and the other one it went expired.
The other one went expired. So we're the only one.

(39:21):
So out of the three properties, ours went pending, one
went expired, one still on the market. It's had another
price drop since we they started out it. This house
is a brand new construction, but it's almost the same
size as ours and everything. It started out at six
to ninety five and now they're down to six forty nine.

(39:42):
Yeah for theirs.

Speaker 3 (39:44):
So we're seeing that kind of softening I think across
the board.

Speaker 2 (39:47):
Jim just but and it's true. But the thing is
that's interesting about ours is when we put ours on
the market, the other two that were very similar to ours,
that were on the same street right next door to us,
they were at three eighty nine and three ninety nine,
and they all were on the market over one hundred days,
and they had multiple price drops. So we put ours

(40:10):
at three eighty five, and we sold it in twelve
days and we got full asking price.

Speaker 3 (40:16):
Worse, and you're not that much lower than what they wanted, right,
you're off ten grand?

Speaker 2 (40:20):
Well, how much does your mortgage cost for three months? Right?
Do you think in a four hundred, five hundred thousand
dollars house that well, four hundred thousand dollars house, When
did you get your mortgage? I know, I know, but
I'm just saying we're we got five thousand less than
the three eighty nine, right, that's asking three eighty nine, right, yep.

(40:42):
And the other one was three ninety nine, so we
got roughly fifteen thousand less than that. But both of
them been on the market.

Speaker 3 (40:48):
Forever, right, So they're carrying costs, and they and.

Speaker 2 (40:50):
There's carrying costs plus they're probably not going to get
the full list price.

Speaker 3 (40:54):
Yeah, I mean the carrying cost kind of a funny
one if you're just talking about the house. But assuming
you sell, like Roberto as an example, he's got new
housing obligation, renting or whatever he's doing right as he's
in their location, So you have to pay those costs.
Housing costs one way or the other. Most of the time.

Speaker 2 (41:09):
Oh, I see what you're saying in a way yeah,
but in.

Speaker 3 (41:12):
A direct comparison, it's like, yeah, well, if you sell
it now or sell it six months from now.

Speaker 2 (41:16):
If you're at three ninety nine and you've been on
the market one hundred and twenty something days or longer,
you've had three price drops, and you see your neighbor
have your house sell in twelve days for fifteen thousand less,
maybe you need that extra and sure, and you're just
holding out hoping you're going to get it.

Speaker 3 (41:33):
So what's the protocol? And that expired listing? Is that
something where the enterprising real estate agent makes a call
and says, hey, you guys weren't successful.

Speaker 2 (41:41):
Well, I specialize this sell in houses that didn't sell
the first time. I do say, I actually say that,
but I don't know. I'm pretty busy right now. I
don't know if I want to chase people that don't
seem that motivated to sell. Oh, yeah, that don't seem
that motivated to sell right now because I'm a little
so we'll see. Maybe I'll circle back to them.

Speaker 4 (42:03):
Well, having experience going through the process of selling a
house with you, Jim, the one thing that I can
say that always that stood out to me. One of
the bigger points that sit out to me was staging
and how important the staging process is decluttering your house,
brightening it up just by changing light bulbs, I mean
a simple small amount of investment to put in just

(42:26):
to make it look that much better. It made such
a difference in selling my house.

Speaker 2 (42:30):
Did you switch I don't remember, Jimmy, did you switch
out the yellow light bulbs to the more sunlight light
bulbs like I recommend, well, you.

Speaker 4 (42:38):
Recommend it was a natural light sunlight.

Speaker 2 (42:40):
It makes a big difference. It makes a super big difference.
A lot of people have more of a I'm colorblind, okay,
so it's hard for me to you know, to know
for sure. Yeah, but it's more like a yellowish color,
like a more yellow color. Yeah.

Speaker 3 (42:55):
And then the light bulbs that are either called natural
light or sunlight light bulbs, those have a more white color.

Speaker 2 (43:02):
Yep. Those come across way better in photos when you
shoot the photos than the yellow and also when you
walk in right, Yeah, yeah, I could say it like
the yellow that's old school, right, I would say the
white is the more modern looking, So the yellow can
look a little you know, it's just a different feel yeah.
And if your house is dark naturally, yeah, then you

(43:24):
got a problem, right, Like Jimmy saus your house was
a little dark, right, It was a little dark. Right.

Speaker 4 (43:29):
We didn't have a lot of lighting.

Speaker 2 (43:30):
Right. There wasn't a lot of windows. There wasn't a
lot of big windows that were letting a lot of
light in. Right. So having your light electric light to
make a difference to brighten up the house makes such
a huge difference. Huge. And what people don't understand is
is that the first showing is not when they turn
the doorknob at your house. The first showing is at

(43:53):
midnight while they're in their pajamas and they're click clocking
on Zillow and Trulia and reilt dot com and try
to find the house that they want. Those photos and
the presentation, not just the photos, but the three D
matter port and the layout. We have a layout just
like if it was a developer, to show you how
the layout of the house is and all of that.
That all really really matters a lot. And really choosing

(44:17):
your photos. Sometimes I choose not to do aerials. Everybody thinks, oh,
you got to do the drone, you got to do
the drone. Well, not necessarily, if your roof looks pretty
beat up, don't do the drone. Don't do the drone right,
you know, even if the house you're not trying to
hide anything, right, you're not trying to if it's got
a bad roof, you got a bad roof, and disclose it.

(44:39):
But sometimes there's been a patch here or there. It
doesn't look good, you know, but it's fine and it'll
meet useful life.

Speaker 3 (44:46):
And every day might have a neighbor whose yard isn't as.

Speaker 2 (44:48):
Well exactly as you would want exactly if the next
door neighbor they got three jeloppies in the yard and
grass it's a foot and half all, you know, you
don't want that in the drone. So just because you
can and do it doesn't mean you should do it.
So you really have to be selective. And another thing
is I've been noticing is some rilters when they get

(45:09):
thirty five photos, this is how they do it. Front
of the house, front of the house, front of the house,
front of the house, living room, kitchen, dining room. You know,
multiple pitches to each right, and they go from room
to room to room. But that isn't really the best
way to catch somebody's attention when they're on a computer
looking at the photos and they're clicking through the photos

(45:30):
really fast to see if they like your house. So
for one of well, one of the things I did
was is I just did this with one of our houses.
We took the best front yard picture, but instead of
going right to the living room, because the living room
was kind of bland, it wasn't bad. It was just
a room, but it had a big pool table in it.
So what we did is we really focused on the

(45:53):
family room, which was really the gathering place for the house,
and it had a fireplace and a wet bar. So
even though you walk in the first room you see
is the living room in real life, that isn't the
first pictures we want you see. So we right away
showed look at this great entertainment family room, look at
this great pool because they have an awesome pool in

(46:14):
the backyard. And like we started with the pool, then
we started going and showing other parts of the house.
So selecting how the photos go makes a big difference too.
It's almost like if you're writing a story, you're taught
as a journalist to make the most important stuff up front.
It's called inverted pyramid style, so the most important facts

(46:34):
are at the top of the story and the least
important facts are at the bottom of the story. Okay,
so that when people are reading fast, they can get
this stuff real fast.

Speaker 3 (46:42):
You give them the executive summary up front.

Speaker 2 (46:44):
Yeah, it's almost like now they have the AI for
the articles where you can click a button it tells
you it'll give you a summary the article, and that's
what it does. It inverts it and inverts the pyramid style,
inverted pyramid style. So having you know, having that point
of view your your marketing a property when you put
that on the MLS. So you really got to do
it the right way and doing these little things. I

(47:05):
felt bad one time though, Jimmy, those light bulbs can
be expensive, and I had no idea. And I had
this one family a long time ago where they decided
they were going to change it. They took my advice
and they changed every light bulb in the house, which
made the house look so much better. But they spent
like three hundred dollars for light bulb. If you're doing

(47:26):
I was like, oh my god, yeah, it was expensive.

Speaker 3 (47:29):
If you stay incandescent, it's not expensive and you can
get the white light, the bright white. But if you
switch over to all LEDs, that's where it's going to
cost you.

Speaker 4 (47:38):
Can you still get feel.

Speaker 3 (47:40):
Like you can't?

Speaker 1 (47:41):
Good?

Speaker 3 (47:41):
Yeah, I think he can this pretty well.

Speaker 2 (47:43):
You got a no guy and.

Speaker 4 (47:44):
This guy okay, no, I think.

Speaker 3 (47:47):
He you walk into the the to the right aisle
at your local hardware store. I think they still haven't,
but maybe they're slowly being phased out.

Speaker 4 (47:55):
So well, I can understand where that can be, especially
if you're talking about three hundred. I mean I would,
but we certainly didn't experience that now. You know, again
for our house, it made a bigger difference too, because
it was small. You know, so when you're trying to
take a thousand square foot house and make it look
a little bit bigger, which is what you do, and
you know, again to decluttering helps with that.

Speaker 2 (48:15):
You know.

Speaker 4 (48:16):
It wasn't that much for us in our particular situation,
but it ended up I think really benefiting us, especially
with getting asking price or I think just below. I
mean we were right there.

Speaker 2 (48:28):
Yeah, we were right there, and it was so fast
and you want and you were selling, you were buying
on the back back end, so we needed to be
locked in so you could move forward next chapter of
your life. So we're Berton you Nelly. They're not done
with us yet. So we helped them buy the house.
Now we helped them sell their house, yep.

Speaker 3 (48:46):
Talked about the timing on the next purchase.

Speaker 2 (48:49):
So Mike is going to be the mortgage broker when
they buy, but they're not going to buy right now.
What's going to happen is they found a really nice
rental property. They work with an agent. I think they
worked with an age we referred to. Maybe not No,
he found it on his own. And then what's gonna
happen is he'll stay there. In about nine months from now,
we're gonna start getting them ready for the new mortgage,

(49:10):
and then he'll go buy something next year. So really
looking forward to helping them.

Speaker 3 (49:15):
And even if you even if you didn't have to
do it that way, Jim, when you're relocating to a
new area, it's kind of you either have to really
trust your real estate agent to show you like, hey,
these are the these are the areas that fit your
criteria and you're gonna like it, and or you just
go and then you figure it out. Like he lived
there for a little bit and say, you know what,
we thought we wanted to live over here, but we
actually like this town a little bit better, or this

(49:37):
this area, you know, better than the others, and this
is where the homes are that we can afford. Things
like that. So I don't mind that, just as a
general strategy when you're when you're relocated. Of course, I
like buying too, Yeah, you.

Speaker 2 (49:47):
Like that right away. We've we've done both. We've had
people rent for a little while and then come back
to us. And we've had people that bought right away.
The people that bought right away, most of them that
I've talked, well, I should say all of them. I
haven't heard any negative feedback. But the ones I've talked
to constantly after they moved, they seemed very satisfied where

(50:08):
they moved to, because we really vetted the agent they
were working with. So it wasn't that the agent was
just in production for those kind of people, meaning that
they're in high production, but also that they lived there
a long time. So I wanted people. I was like, oh,
I was born and raised in this city, you know,
and I know every pocket of the city, and that

(50:28):
they're in production too.

Speaker 3 (50:30):
You kind of have to be able to say, hey, Jim,
you're so you're whatever age, single dude, but can you like,
if you were a family man, where would you want
to be? Right, Like, if you had our family, you
were the dad, where would you want to be? And
so you're looking for an agent who approaches it.

Speaker 2 (50:43):
It's kind of like in downtown downtown Lakeworth. I remember
one time I was looking for a property for one
of our buyers and we scheduled to go see the
property during the time the school was being let out. Well,
we didn't realize that the school was right at the
end of the street where this guy's house was, and

(51:04):
his house was like three doors away from the cross
street that you would get into the school. So all
the families are lined would line up and you couldn't
get out of your driveway. Like if you went there
and the line started getting too long, there were like
ten cars and you know, locking your driveway and you
couldn't ask the car in front of you to move

(51:26):
because there were nine other cars behind them and they
all would have had to move backwards for you to
get out of your driveway. So you like you're stuck
there until school's.

Speaker 3 (51:35):
Out, and there's a whole row of driveways, so it's
not like they can leave space for cars to come
in and out of the driveway.

Speaker 2 (51:41):
Right right right, and so you're kind of trapped there.
So those are like little details that you won't know
as a consumer. If you didn't go at that time,
and you went at five o'clock at night, yeah, you
would have had no idea at all that there would
have been a problem. But if you have a realtor
that really knows the area and the neighborhoods and the
pockets of the neighborhoods, you know, you can try to
those little things that will drive you crazy later.

Speaker 4 (52:03):
So they say it's street by street sometimes.

Speaker 2 (52:06):
Street by street, block by block. Also wanted to do
a to shout out to Chris and Amy. Christ and
Amy have worked with us before. Mike helped Chris and
Amy get their mortgage about twenty seventeen or something to
buy their house in Palm City. We helped them sell
two homes back then the house that they were leaving

(52:27):
to buy the new home, and one other house and
now were we sold their rental property. They built. That
house in Port Saint Lucy was a four bedroom, either
a four bedroom or three bedroom, two bath, no pool port,
Saint Lucy built in two thousand and seven. They built
it from scratch, turned it into a rental property, did
very well with that. We sold the house. We didn't

(52:49):
get exactly what he wanted. We were off by one
point something percent of his number that he had in
his mind. Okay, but when the house didn't, you gotta
do what you gotta do, So we were off by
one point two percent or something. He was so happy
when we closed on Friday.

Speaker 3 (53:08):
How low was your appraisal?

Speaker 2 (53:10):
I can give real numbers now. So we put the
house on the market for four to twenty five originally,
and then what happened was we got a buyer who said,
we want to buy it for four to twenty five,
but we want fifteen back. So that was really four
ten right because we're given fifteen back. But Chris really
wanted four to fifteen purchase price. So he said, let's

(53:34):
pull it up to four thirty and then give them
back fifteen. And that way I get my four fifteen,
they get their fifteen back. I said to Chris at
the time, Chris, one thing you have to understand is
is that the house has to appraise for the four thirty,
and these buyers need the money. So if the house
doesn't appraise, they're still going to need the money. So

(53:57):
if the house appraises, I told him at the time
four to ten, you're really going to get three ninety
five because they're still going to need the fifteen. Yep.
So he said, oh, don't worry about I think the
house is going to praise. I thought it would too,
are close enough? We didn't. Oh, it came in at
four oh seven oh so, and we were at four thirty.

(54:18):
So that was a huge difference. So then the family said,
we still need the money, and I'm like, well, you
don't need fifteen anymore because you're not buying it for
four thirty. So what do you really need? So they
crunched their numbers and they came back and they said
we need we were we need. I don't remember what

(54:38):
they needed, but the bottom line is he was gonna
net four to twelve at the time, right, he was
going to net four twelve, and he didn't want to
do that. He really wanted the four fifteen. He was
mad at didn't a praise. We fought, the appraisal didn't work,
we lost, put the house back on the market at
four fifteen. Oh that deal, that deal died. Really, that

(54:58):
deal died. So then we put the house back on
the market. We got that buyer in about eight days, right, yeah,
so we put it back on the market, got another
buyer in less than eight days. Let me tell you something.
Well wait, let me just tell you the funny part.
So what do you think the buyer offered four fifteen
four oh seven? Uh? Oh exactly. That's why you asked
for That's why I called you. I said, can other
mortgage brokers find out what the house appraised for? Because

(55:22):
they came in exact appraise value. And I'm like, they
know something, and you said that they probably didn't know anything.

Speaker 3 (55:28):
It was just it would be difficult, Yeah, it would
be difficult, But it was for four oh seven exactly exactly.

Speaker 2 (55:34):
I just thought that was weird.

Speaker 3 (55:36):
So the question was, like, when you do an FHA
because there was an FAHA loan, right, so when you
do an FAHA appraisal, that appraisal, that appraisal, if the
lender does what they're supposed to do, we'll stick to
that home writ and you essentially have that appraisal attached
to that home for the next ninety days, right, maybe
it's one hundred and twenty days.

Speaker 2 (55:57):
I think it's ninety days.

Speaker 3 (55:59):
So there is a mechanism where the appraisal is a
log and attached to the problem and what's called FAHA connection.
So it's an FAHA database that has that information. But
how do you access that before like you're even in
contract on a home, Like it's just it would be
very very like someone really have to know what they're

(56:21):
doing to get access to that data.

Speaker 2 (56:24):
But so this is there's just to continue with that story.
So what happened was Chris said to me, and I
was very curious too, It's like, I wonder what the
appraisal is going to be on the second time.

Speaker 3 (56:36):
Now, now you're doing a conventional alone, right, not FHA
we were doing it. I don't remember, I don't I
don't remember, sorry, because I wanted this second one was FAHA,
they would be using the original.

Speaker 2 (56:49):
I don't remember which way it went. But what happened
was it probably was conventional, Mike. But what happened was
is Chris is like, I'd really like to know what
that appraisal was. I know, it doesn't matter, I'm going
to sell it. You know, I'm going to sell to
this person for the price we agree to. I go,
I want to know too. But the buyer does not
have to give the appraisal to the seller. All they

(57:10):
have to do is say the house of praise and
we're done. We're good on value. Right, And usually that's
the way it is, because usually the buyer's side doesn't
want to tell the seller side if the.

Speaker 3 (57:20):
House of Praise for more, especially then right.

Speaker 2 (57:23):
They don't want to do that because they get nervous,
even though nobody can do anything about it.

Speaker 3 (57:26):
Yeah, it's kind of like you don't want that sentence.

Speaker 2 (57:28):
Taste in your mouth. Yeah, it's much.

Speaker 3 (57:30):
Better that the buyers get the sense that they're they
got a good deal and just leave it at that.

Speaker 2 (57:35):
Yeah, well for your perspective from everybody's. So, I called
up the realtor before the closing and I say, can
you please tell us what the appraisal is. I'd love
to see the report. It isn't going to affect my seller.
My seller isn't going to get mad even if its
appraised that the number that we wanted originally. We just

(57:55):
really want to know, and I want to know because
I did that dispute, and I brought up properties and
if they used my comps, you would have got there. Yeah,
And I wanted to know if I was way way
off or if I had a crazy appraiser on the
first one, which I kind of feel like I do
did that one. So she said, well, I'll ask the
buyer if it's okay to give to the appraisal, and

(58:17):
then she never got back to me. But I'm gonna
bugger next week and I'm gonna say it's over now.

Speaker 3 (58:21):
We closed. Yeah, what was the number?

Speaker 2 (58:23):
I really need? The number? You got to tell me
the number. I'm like so curious. But anyway, so appraisals
really mad. And that's the first time I've had an
appraisal problem in a couple of years.

Speaker 3 (58:32):
Can I talk about that fifteen thousand and why this
the buyers still needed? So you know, you had the
four thirty purchase price that came in at four oh
seven R it's just a twenty three thousand dollars difference.
And the question is, well, why does the buyer still
need fifteen thousand?

Speaker 2 (58:49):
Right?

Speaker 3 (58:49):
Because they're getting help because they're casters. Isn't well that
twenty three thousand dollars swing they're really only bringing on
a faha loan at three and a half percent of that, Like,
so their their cash requirement only got readuced by three
and a half percent of twenty three.

Speaker 2 (59:03):
Dollars, which is like seven hundred bucks or something. Yeah,
that's a yeah.

Speaker 3 (59:07):
So it's a twenty three sixty nine, Yeah, six hundred
ninety dollars.

Speaker 2 (59:12):
Two hundred dollars a point.

Speaker 3 (59:14):
So their cash requirement only it reduced less than one
thousand dollars. So that's why they still need the fifteen thousand.
So whether you're buying a four hundred thousand or four
hundred and thirty thousand, the cash isn't changing that much
between those two figures, So which is why that seller
credit is really critical in getting buyers, you know with
low down payments over the hump.

Speaker 2 (59:34):
But people have to know that if your sellers need
to know if you agree to sellers concession, excuse me,
I got the tacups. If you agreed to seller concession
and the house doesn't a praise, you got to renegotiate.
You got to renegotiate again, and you should be asking
your realtor should be asking the buyer's agent what happens
if the house doesn't a praise. I just had that

(59:57):
conversation with another realtor in another house. We're given us concession,
and because of what happened with Chris, I said, well,
what happens if the house doesn't appraise? And the realtor
and I like this realtor, but the realtor his answers
were really really not well thought out. Well, I think
the house is going to a praise, right right, I

(01:00:17):
I Jim, look, I know the house is going to praise,
and I go, I want to say a guy's name.
I go, sir, I totally understand. I'm not trying to
beat you up. I'm not trying to be negative. I
want to have a plan that if something happens, that
we don't go into all panic mode and lose our religion.
Because you know what's going to happen with this, are
you guys? Because I think my seller is what will

(01:00:38):
happen if the house doesn't appraise. The first thing they're
going to say is, let's let's back out of this
seller discounts we're giving.

Speaker 3 (01:00:46):
You, And then the buyer's like, but we need that.

Speaker 2 (01:00:49):
Well in this case, they really don't. So this one
they don't. They just want it so And in this case,
the seller concession is less than one percent of the
whole deal. Like Chriss, who was three percent? Right?

Speaker 3 (01:01:04):
Let me if you think about it like this, like
with with a lower sales price the and assuming the
seller's paying the real estate commission, let's call that something
like five percent. Right, So if you reduce the price
of the home, he's saving five percent of that reduction. Yes,
So who cares if you give it back to you know,

(01:01:27):
the buyers because they're they're less than their you'r five percent?
They only needed the three and a half percent.

Speaker 2 (01:01:32):
That's true, right, that's true.

Speaker 3 (01:01:34):
Interesting crunch the numbers there.

Speaker 2 (01:01:36):
So now here's another great call. And we've been talking
to Michael for a while now. He called I think
started last year or the year before. It says he's
going to move in twenty twenty six, so he's calling
us years in advance. He's a he's getting up there.
I don't mean up there because he's around my age,
but he's going to be retiring and he wants to

(01:01:57):
move from New York and he wants to move somewhere
from he doesn't know where, in Florida. I'm trying to
help him narrow down the regions.

Speaker 3 (01:02:04):
But he mentioned to me the wife was done with winter.

Speaker 2 (01:02:07):
Oh is that what he said?

Speaker 3 (01:02:08):
I said, I hear you.

Speaker 2 (01:02:09):
And Michael's a great guy and I love talking with him.
And so he's wondering how he's going to be a
seller buyer selling in New York needs the proceeds from
the money there in order to buy in Florida. And
I told him, you know, that's what we specialized, and
don't worry. We got you covered. I already got him
an agent up in New York to meet him at
the house. Look at the property, give hi an idea

(01:02:31):
what the house is worth, even though that was last
year and it's going to be so different by the time.
He wan was so but he loved the realtor at
the time, if I'm not mistaken, and I think he'll
use that person cool when he's going to sell it.
But then he wanted to know if there's a way
that even if he hadn't sold his house, can he
get access to all the equity has in his house

(01:02:52):
to put it bound payment or purchase a house here.
So I said, hey, you need to talk to Mike.
There's a thing called a bridge loan, and there might
the other things I don't even know about, and then
send them over to you. And then two or three
days later he sent me a message back. I talked
with Mike. He's awesome, Thank you so much. You know
I love watching listen he watches on YouTube.

Speaker 3 (01:03:13):
No he listens to the podcast.

Speaker 2 (01:03:15):
Oh no way, I.

Speaker 3 (01:03:16):
Thought he just to he found the podcast. I was talking.
I was like, I'm curious. So you're live up there,
You're not in our broadcast area. Like, how did you come?
He said, you know, I just found you guys on
a podcast one day and I have sense, and.

Speaker 2 (01:03:29):
Yeah, so that's awesome. He had that Yeah what what
did what did you without getting in personal yeahs.

Speaker 3 (01:03:35):
Overall the simple scenarios like hey, we're relocating the Florida,
we're gonna sell up here, We're gonna buy down there.
You're like, okay, But then you start throwing in things
like well we'll buy down there. We want to buy
new construction. Uh so not a home that's on the
market now, but we're going to contract with not not
like uh it's not like yours. I want to buy

(01:03:59):
in a neighborhood. They want to buying it like you know,
whatever gated community or just a neighborhood. But those contracts
can be long term, right and maybe even we're from
six to twelve months, maybe four months whatever, So that
threw a little wrinkle in there. Oh and ideally, uh,
I'm going to stay up here for some duration, right,
so we want to buy down there before we sell

(01:04:21):
this home. You know, wife's coming down, I'm going to
stay here and then we're gonna do that. So it's
just like these little wrinkles in there, and as it's developing.
But yeah, we had a good conversation. He's got a
good game plan. We talked about contingency, so he's kind
of got like Plan A, Plan B, Plan C. Even

(01:04:42):
probably only plan C would involve me doing alone. So
the first ones we talked about Jim is one of
those stories where I'm like, hey, listen, this is what
you probably this is the best case scenario for you, you
know who cared Like if he's doing a home equity
product because he owns that home, you know, he's got
good Yeah. Yeah, so's he's in a good position and
he's well out in advance, and I think the whole

(01:05:03):
maybe the biggest benefit to like him having access to
us is just this is a lot of things that
are not his profession, like not his world, right, and
so it's you can get a little bit overwhelmed by
the amount of moving parts, and they do have moving parts,
and so it's just nice to get a professional opinion,
even if it's backing up kind of what you sensed

(01:05:24):
in the first place, which is I think it will
work this way, But tell me about that. Is there
any gotchas, any things we need to be thinking about.

Speaker 2 (01:05:29):
And and the best, the best part of what I've
been watching over the last six months or so is
everything we created. There's so many people that we're helping.
And you know, Michael, how much you know Michael l
the person that not you, Mike, how much did he
how much should you charge him for that consultantenomenal fee?
And nominally need zero zero So we you know, we

(01:05:53):
give advice for free and then if it makes sense
to use this, then you do.

Speaker 3 (01:05:57):
And sometimes you get what you pay for, but also
you can get hopefully you get go like wait a second, Mike,
that we talked about is working now, But it's gonna work.

Speaker 2 (01:06:05):
Yeah. But and the thing is is the other thing
that's great about working with us if you're a busy person,
like I'm busy in my career, right, so like I
can't deal with traffic tickets, right, so I have a
hard time dealing like trying to deal with that. Right,
People's like, oh my god, I have to do something
with my house, or I got to do something with
my surance, or I really need a refi or or whatever. Right,

(01:06:28):
and there's like, oh, then I have to go down
that hole, that rabbit hole, start making all these calls.
People aren't going to call me back. I'm going to
get ten different opinions. Nobody's going to give me the
same answer. All that, And you could avoid all of
that by just picking up the phone or reaching out
to us on our web page and say, hey, Jim,
like April did last week, I think I want to

(01:06:48):
sell my town home. I had a problem with it. It
was on the market for a year. I really need
help on what I need to do next. And then
that's all right. That doesn't mean I'm going to work
with her for sure, or you're going to work with
her for sure. But what's for sure? She can call
one place and get all those different trades. If you
will refin some mortgages at your fingerticks and helocks and

(01:07:13):
understanding down payment assistance and student loan debt right, all
of that stuff one phone call. You can find out
about how to sell your house or buyer house or
investment house, all in one phone call. If you have
title problems, there a questions about toddle or setting up
yourself as you retire to make sure that when you pass,
your family members aren't going to have real estate headaches

(01:07:35):
to deal with, and you need to set up everything
to make it right. We have that with the law
as Polykrasker. If you got title problems and like.

Speaker 3 (01:07:43):
You've got credit challenges, like we can talk about that.
You get a professional set of eyes on that. Not
credit repair, right, just like credit analysis and a good
plan for credit optimization.

Speaker 2 (01:07:55):
I don't even remember the last time that we sent
anybody to a credit repair company, because what we found
out in the long run, a lot of people don't
really need the credit repair company. They just need the
right advice on what to do. And there's most of
the stuff you do is not fixing your bad credit.
It's building up your good credit. Yes, and I didn't
learn that till I was with Mike for a long time.

(01:08:18):
I used to you know, we used to use credit
repair a couple credit repair companies and didn't really see
great results from it all the time. Part of it
was the credit repair companies, or it was the person
not dealing with the credit repair companies requested you do.
And you know what's better than that going out and
getting a debit card or a credit card that's paid, Yeah,

(01:08:39):
paid credit card, secure credit and start using it the
right way and building down your debt and doing a
couple other things, and well law your credit gets up
to a point where you could afford to buy the home.
So that's what I love about the Florida Talk real
Estate team is that we could do all of that
at one time and it's awesome. So just give us
a call. We're here for you. Another person that we

(01:09:00):
has helped out very interesting case. Last week. You weren't here, Mike.
But right after the show, I had to pack bags
and go really fast because I had five properties this
show to Daniel and Lynn. Okay, Daniel, Lynn were working
with Mike to get the mortgage and they were in
contract for another house, so we were having some construction
problems with it, so we backed out of that deal

(01:09:21):
and then we decided to go look for other properties.
We went and saw Oh, we only saw four properties
last Saturday. Loved one of the houses, got into contract
by Sunday, had the inspection on Monday.

Speaker 3 (01:09:35):
Wednesday.

Speaker 2 (01:09:36):
Oh, Wednesday, that's right, we had the oh because the
contract was formally executed on Monday, had the inspection on Wednesday. Stay.
We had a little glick glitch in the inspection. The
sellers are on top of their game. They fixed the
glitch like in twelve hours. That like boom done and
uh now we're on too, And I'm going to say
this live on air. Hey, Mike ordered the appraisal for

(01:09:59):
Danielle Lynn up to the appraisal part, so Mike's going
to be orderly appraisal yep in one week. And they
went from renters last week with not knowing where they're
going to live and they can't wait to move into
this house and they're so happy. That's what the house
they got. It's a really nice house. And the family
that's leaving is an eighteen and TA guy and he's

(01:10:19):
moving to the home headquarters for eighte and T which
is Dallas. I didn't know was based in Dallas. Yeah,
I didn't know that. I didn't know that either. So
he's moving out there because he has headquarters. Called him back.
Great family. They only bought this house eighteen months ago,
so they just put in a brand new kitchen, brand

(01:10:39):
new ac did some work on the house. I thought
they were going to live there for a long long time.
Then life and life happened. So now Daniel and lind
are going to be the reciporates or beneficiaries of that work.
So I can't wait. Congratulations to them, Very happy for them.
Also wanted to thank Lorraine. Lorraine is putting a house

(01:11:01):
on the market with us in the acreage. It's a
one point three six or one point three seven acre lot.
I love this lot. It's it's not far from where
you live mine, yep. But the whole property is fenced.
But more importantly, it has vegetation all around the borders.
And when you walk into that lot, you don't know

(01:11:22):
you have a neighbor anywhere. If you love that lifestyle,
it's like you don't see anybody, And it isn't just
a bunch of Verrika palms lined up to block it.
They have Florida's scrubbed rub cabinet, cabbage palms and things
like that. It's really really awesome. It's got an outbuilding.
It's got a two thousand square foot outbuilding with a

(01:11:44):
six hundred square foot extra six hundred square foot cover carport.
The house is a two to two eleven hundred square feet.
It'll be on the market. We just shot the photos
on Friday or Thursday. It's such a blurry week, and
I think by next Thursday that house will be on
the market. So if you're looking for a detached building,
this is gonna have two hundred amp electrical service. Uh

(01:12:08):
So if you need something like that for your business.
The person that owned it was using it for their
metal fabrication shop for their for their personal business. Yep.
So uh the machine shop. Yep. So if you're interested,
let me know about that. It's a great property. Plenty
of room to either expand the house.

Speaker 3 (01:12:25):
And then you could put it out building right Like,
it's two thousand square feet. If you were like a
car guy, you could put.

Speaker 2 (01:12:31):
It's got five bays, it's got five bags.

Speaker 3 (01:12:33):
You could put like a lift in there. Oh for sure,
you could put two two up. You could put two
for sure. Yeah, and one too. Yeah, you could put
two for sure. Because two of the bays the doors
that open up in the back, there really isn't a
room in the back to do anything. So those bay
doors in the back don't work. They work, but they're
not could start a second business, like you could a
quickie loob or not, like you're.

Speaker 4 (01:12:56):
A landscaper, you know, or or a business is something
like that where you need inside storage like that for
your trailers and your equipment, and you got to work
on your equipment, having a you know, having just got
a bunch of toys.

Speaker 2 (01:13:08):
We had a guy, now we have a guy named
Lee who's a big fan of the show and calls
us up a lot and we you, Mike, you helped him.
I think you helped Lee get the loan for the
house over on the a Yeah, yeah, yeah, sure, yeah.
So Lee Lee got the loan with Mike, and then
we helped him buy and they used Troden and they
used Ross and Lee Lee owns a garage installation service,

(01:13:32):
so he needed an outbuilding, you know, a big outbuilding
to put all the garage stores and everything that he
puts in for the new construction and uh, this is
the same type of setup over here. So it's a
really great uh opportunity for somebody. And let me tell you,
I've thrown it off market like five or six times,
and like four or five of the people they just

(01:13:53):
didn't want to leave the lot and the house is
you know, the house needs some TLC. There's they just
that lot is really really like in.

Speaker 3 (01:14:00):
The acridge and in Locks you'll see a lot, especially
the new newer homes that have been built or being built,
they kind of go in and clear out the lot
like completely and then maybe leave select palms or whatever.
And it's, in my personal opinion, you lose a little
bit of the charm of the value of the house
and the Locks life. Right. I don't about value in
the home, but it just like I much prefer those

(01:14:23):
lots that have old growth. Yeah right, yeah, it's just
not a lawn, right, a big you know acre and
a third with a house and a lawn.

Speaker 2 (01:14:32):
I agree.

Speaker 4 (01:14:32):
Natural fencing, yeah, natural privacy.

Speaker 2 (01:14:35):
Yeah. So I'm really excited to get that one on
the market. And then just a couple more guys, Greg
and Diane, we talked about them last week. They're they're
putting up a are they put up since last week.
On Thursday, we put up their house for sale. Three bedroom,
two and a half bath with the den. It's got
a pool. It might be four bedroom tune. I'm getting

(01:14:58):
confused with Lisa, But.

Speaker 3 (01:14:59):
When you say with den, what does that mean like
a fourth bedroom potential?

Speaker 2 (01:15:03):
It could. This one doesn't have a closet in it,
so I'm calling it a real den. But it's actually
like a room off the master bedroom, which is kind
of nice because if you just want to get away
from the kids for a little while, you can go
in the den and shut the door. Yeah, and you
have your little office there. But this house is in
Coral Springs. It's called country Club Estates, but it's not

(01:15:25):
in a country club, right. There's a golf course in
the community, but you don't have to join, No, h
A way, they have all these upgrades on the house
and really and a really nice house. I love the
I love the house. And so we're they are seller buyers,
so they're going to be selling their house using the
proceeds from the house to buy the new home.

Speaker 3 (01:15:45):
Yep.

Speaker 2 (01:15:46):
So we put their house on the market on Thursday.
We already had as of yesterday, we had five showing scheduled,
so in thirty six hours we had five people coming
out to see the property. And while people were looking
at their property yesterday, we were out looking for their
new home for the first time. So we went out

(01:16:06):
and looked at four or five communities together yesterday. When
you're they don't know anything about Palm and they've lived
in Broward for a long time. So the first couple
of times when you go out with people like that
who don't know the area, my first thing is let's
go and we're going to go look at houses. But
really we're looking at communities yeap and figuring out because

(01:16:29):
this is going to be probably their last home.

Speaker 3 (01:16:31):
That's their plan, Like where's your grocery store, what's the restaurant?

Speaker 2 (01:16:34):
Life like.

Speaker 4 (01:16:35):
They were looking to downsize a lot.

Speaker 2 (01:16:37):
Yeah, they're down exactly. They're downsizing. So so they wanted
to make sure that the community's a right thing. They
don't want an ha too high. They don't need a
robust community where you have all the activities and everything,
because they're not going to do that. But they want
a well kept community. They'd prefer be gated. We went

(01:16:57):
to a bunch of We went to four or five
communities yesterday. What they learned was yesterday some of the
communities the houses were too close to each other and
it just felt a little cramped and it was in
their style. A couple of the communities they absolutely loved.
There is one house they absolutely loved, but their house
isn't even close to being under contract yet. So I
put a little nibble out to the relter saying, we

(01:17:20):
really liked the house, but they're concerned that the roof
is original, but they love the community. I was hoping
the relter is going to give us feedback, like, hey,
we're motivated, let's try to work on the roof. But
they haven't responded to you. Got nothing back, got nothing back,
not even thank you for the re feedback. And with
that one, I even sucked up to the relter because
they did it in the showtime field back thing. So

(01:17:43):
when you show properties as a buyer's agent, you usually
get feedback automatically once you show the property from this
company called Showing Time, which organizes the showings for properties,
and says, hey, Mike, can you give us feedback on
the property? Was your the questions they asked, is your
interested or not interested in the property. How is your
overall experience of showing the property, how would you rank

(01:18:06):
the property from best to worst, one to five? And
are you guys let's see, and and then additional comments.
So what I put in the additional comments. We really
loved the community, really loved the house, very concerned that
the roof is original. And I wrote, you have a
great realtor. At I'd never do because the buyers are

(01:18:31):
going to see that. The sellers are going to see
that feedback. When the feedback when you type in the
feedback on the email, the agent gets it and the
sellers get it automatically.

Speaker 3 (01:18:41):
So I was kind of warm fuzzy feeling.

Speaker 2 (01:18:44):
She has to responded. She has responded, but anyway, maybe
that you no, I don't know, so I just threw
it out. Well, she was very good about getting us
into the house, and that's why I said she's I
wasn't just sucking up. She was. We had a problem
with the timing and everything, and she scheduled her personal
showing for the property so that we could get in

(01:19:04):
and I thought that was awesome that you did that. Finally, also,
we put another house on the market last week in
the same day as Greg and Diane. It's Rick's house.
This is a log cabin home in the acreage and
it's on like a one point two something acre lot.
It's a three bedroom, two and a half bath house

(01:19:26):
with a pool. It's got an outbuilding. The outbuilding has
an oversized one car garage. It's very oversized, but it's
only a one car garage door. He's using it as
a workshop. It's a pretty nice workshop. I'm jealous. Then
it has another car port in that building fit You
could definitely fit like a trailer or something in there

(01:19:47):
if you had like a lawn service. And then it
has a a one one that's being rented out by
a couple right now. They've been paying month to month.
They've been paying on time all the time. They'd like
to stay.

Speaker 3 (01:19:59):
Is that.

Speaker 2 (01:20:01):
Inside it's detached, right, it's part of that building. It's
a detached building. It is. I don't know if it's
all permitent. Okay, that's the one thing. But this is
what I'm gonna do right now, just for the heck
of it. I'm gonna go in because I wanted to
do this yesterday. So bear with me here. I'm getting
into the mls And I'm gonna type in log cabin

(01:20:26):
homes and find out how many log cabin homes are
for sale the whole South Florida area, right, how many
homes do you think?

Speaker 3 (01:20:34):
Now when you say log cabin home, is it really
a log cabin home or is it like a log
cabin facade on frame or block.

Speaker 2 (01:20:41):
No, this is a log cabin home. It's all wood interior,
wood floors, wood ceilings, wood walls. It's got the log walls.
But the second story it's got like T one eleven.
So the first story is real log. The second story
is more like T one eleven cool, and the outbuilding
is T one eleven lock. Now it has a pool.

(01:21:02):
It's got that detached building, and if you keep the tenants,
there's income coming in. The house needs a little TLC.
But it has impact windows. They just put impact windows
in the place. And the roof I think is twenty
don't hold me to this. I have to look at
the notes, but it's twenty nineteen or something. So the
roof's newer. You got impact windows. Does need some siding

(01:21:26):
work and stuff like that, but the house is in
really great shape. And the person that's going to buy.
This is the kind of person that just loves lock
cabin homes, you know. That's why he bought it, right,
Rick bought it because he loves lock cabin holls and
just like, yeah, I want and the lot they he
also has a really great lot. One of the things
I love about his lot there's all like these little

(01:21:49):
details that just feels so country. He's got like I'm
calling it a nineteen thirteen school bell, those old cast
iron bells that you pull the string and it goes
ding ding ding ding.

Speaker 3 (01:21:59):
Like a dinner dinner belt, yeah, but like a school belt,
more more robust, like a big school belt.

Speaker 2 (01:22:05):
I used to have one at my old house.

Speaker 3 (01:22:06):
They were all they were electronic when I was in school,
would you know, Yeah yeah, but these.

Speaker 2 (01:22:13):
Are like stuff you get at the swap shop and
stuff and markets and you were in school. Yeah yeah.
So anyway, he's got one of those yards that brought
back to my house. He has like this little uh
place for he has a fireplace in the log cabin home.
So he has like a little shed for the log
for the logs, you know, for the wood for the wood,

(01:22:33):
and then his shed to put his like lawn equipment
in and everything. It looks like an outhouse, isn't that coal?
So he has like all these like little features, And
the whole place is gated and it's it's electronic gate fence,
which is really vehicle yep.

Speaker 3 (01:22:51):
And uh and no, it's on.

Speaker 2 (01:22:54):
The market right now. And we're one of five in
the whole area that are log cabin Actually, no, there's
only three because two of them are called log Harbor Condos,
so two of them are condos, so that doesn't count.
So we have three log cabins in all of South
Florida for sale. We're one of them. We are also

(01:23:16):
the lowest price of the three. So if you're interested
in a log cabin home, you got to give me
a call. I'd love to show you that property. And uh,
even if you're just curious about it, right, yeah. Yeah,
we had an agent that was going to come out
today to preview it, but we had a logistical problem,

(01:23:37):
so they're going to come out later. And she was
just coming to preview it because it's you know, log
cabin homes are kind of rare, and I didn't know
there were only three in the whole area, so and
I didn't know we were the Longe. From an appraisal perspective,
it is Mike, because I talked to AJ about this,
AJ Holman from Experienced Appraisers, and I talked to you

(01:23:57):
and AJ said that you don't have to use only
log cabin might but you have to include log cabin
or they won't take the appraisal. Yeah, I think that's
probably true. Speaking of speaking of this, I had two
calls from AJ and another appraiser, And if that appraiser
is listening to me right now, I am so sorry.
I have not called you back, and I don't remember

(01:24:19):
your name, and I spent over an hour looking at
my emails to find you so I could call you back.
Remember last week, Jimithy, we were talking about no heater
in the house.

Speaker 4 (01:24:30):
Oh yeah, somebody put in a new ACE and didn't
put the heating element. Wasn't in the air handler.

Speaker 2 (01:24:38):
Yeah, the whole blower part or the motor part for
the heater. They put in a new AC, but they
didn't put a heater in. And this person was FAHA financing.
So I said on air, you have to have heat
for FAHA fin ansing, and everybody's like, everybody was like, really, heat,
I can't imagine that you need heat. We were all

(01:25:00):
talking about. I was like, no, you need to have heat.
And then the appraiser and thank you so much. He
sent me a very detailed message with all he pulled
out all the factual stuff for FHA, right, and it
said Palm Beach County is one of the few counties
in Florida where you don't have to have heat.

Speaker 4 (01:25:17):
Oh, so there are exacts because even though FHA being federal, right,
the big part of that, so it has to cover
most of the country, which you do need and required heating.
But because they made special sections of the country in
this case, Florida is auth Florida where you don't need heat.
That's I can understand that.

Speaker 2 (01:25:36):
Yeah, that makes sense. So I had a factor. So
I want to own up when I have a factor,
I want to let people know we made a mistake.
So whoever that realtor was, thank you so much. And
here's the funny part. AJ he doesn't always listen to
the show, but I guess he listens when he's driving
around or something like the reruns on iHeartRadio. He sent
me a message like three days later, you don't need heat.

(01:25:57):
You don't need heat. He was like, you don't need heat,
You're wrong, you know, and you know AJ gets afraid
that if we make a mistake, we get big trouble.

Speaker 4 (01:26:04):
So that did he specifically say that? So Palm Beach
as a county, Yeah.

Speaker 2 (01:26:10):
County went by counties and it was more than just
Palm Beach. I think it's Stade Broward Palm Beach for sure.

Speaker 3 (01:26:15):
It's probably just like what's required for the area. So
I'll give you an example, like FHA, when you're on
well in septic right, like they have certain requirements and
so that would be a national thing. Like if you're
on well et sceptic, maybe you have some water testing required,
maybe some septic inspection things like that. So I could
see them saying like in certain regions where the average

(01:26:37):
temperatures or whatever whatever, we don't require you to have.

Speaker 2 (01:26:41):
Yeah.

Speaker 3 (01:26:43):
Also, like central air isn't the requirement, but you do
have to have some mechanism of controlling the AC, right,
so like window A C is fine or those those
mini split units are fine, but you do have to
have some mechanism to cool the house.

Speaker 4 (01:26:58):
Probably, I would imagine you know, what would come to
my mind is how many days of year it averages
below freezing. Yeah, because obviously if that happens, but you
could have pipes burst, and that's really part of it.
That and you know you have to have heat, you know,
otherwise you can have a life threatening situation. There another
thing that might be regional to raid on, something we

(01:27:19):
really don't hear about too much in Florida because it's
not a big deal. But I know the area that
I came from in New.

Speaker 2 (01:27:24):
Jersey, it was huge.

Speaker 4 (01:27:25):
You had to have a raid on inspection. So just
another element of something that could be with FHA. That's regional.

Speaker 2 (01:27:31):
Yep, it's for sure.

Speaker 3 (01:27:33):
It says you must have heating adequate for healthful and
comfortable living conditions. So then that's like the general guideline.
So then they must dig into Okay, well, what's what's
comfortable If.

Speaker 2 (01:27:44):
We don't need heat, what's the definition?

Speaker 3 (01:27:46):
Is a layer of clothing going to satisfy your heating
your comfort requirement?

Speaker 4 (01:27:50):
Interesting?

Speaker 3 (01:27:50):
Hey, well, like we're doing the electric blanket.

Speaker 2 (01:27:53):
Let's go. Let's go ahead and take a quick break
and then Mike, what we're going to talk about next
is is what's going on in the market. We haven't
you and I haven't really talked about that in a
couple of weeks, So let's just go into mortgage rates,
what's happening in the future, and some other things I've
noticed that's happening in the real estate market right now.
Pretty interesting stuff. We're gonna do that in two and two.

(01:28:17):
I've been watching too much love.

Speaker 3 (01:28:18):
Connection Later, Chuck Whillery, Chuck Whillery, there's a blast in
the past.

Speaker 4 (01:28:23):
Yeah, eight seven seven ninety two seven six nine six nine.
That's your way to get in touch with the show,
live right now on the air at ninety two one
and one seven nine a Treasure Coast. You got a
question about mortgages, Well, stay tuned because we're gonna be
talking about that right on the other side of this break.
Here on Real Radio.

Speaker 1 (01:28:55):
This is Florida Talk Real Estate with Jim Depola and
Johnny c. Got a question for the show. Call us
live at one eight seven seven nine two seven sixty
nine sixty nine.

Speaker 2 (01:29:06):
Hey, that's us. That's the Florida Talk Real Estate Show,
the number one information provider of all things real estate.
And hopefully with a smile and a couple of laughs
along the way, We've got Mike rou from the Mortgage
from here. Hey, Mike.

Speaker 3 (01:29:18):
Hey, good morning everyone.

Speaker 2 (01:29:20):
That's awesome, and we got Jimothy here holding Ford.

Speaker 4 (01:29:23):
Hello, Hello, and good morning gentlemen. Always a pleasure to
be with you on a Saturday.

Speaker 2 (01:29:27):
Good morning, bright sunny Saturday, not too cold. Sorry Johnny
isn't here today. He will be back next week. Ross
will be too. Can't wait to have him back. I
was just talking a little funny story. I'm going to
just wrap it up real quick and make it faster.
But we were talking about a fact era I had
about heat or no heat for FHA financing in Florida.

(01:29:48):
And when I was a journalist, my first couple weeks
on the job, I got this supposedly big scoop of
the national FBI crime stats that come out every year.
And back then in nineteen eighty seven, that's when I started,
they were just came out in a book form, so
they were like four or five inches thick, and it
was every reported crime in the United States based on city, county,

(01:30:10):
zip code and broken down. So my editor said to me, hey,
find the top ten most crime ridden cities in Florida.
We're going to run a front page story about it.
So I'm a young reporter and I suck at maths,
and now I'm doing statistics on the FBI crime reports
because they didn't give you what ranked work. They gave

(01:30:31):
you the stats and you had to interpret them. So
you had to go through and for each city, just
one yes on deadline. Right. So, and I didn't ever
do this before, and this is something they do annually,
but I was the guy to do it, and it
was a big responsibility. I was happy to do it.
But so I put all the paper I came out
with my top ten, got on the front page, made

(01:30:52):
the state wires and national wires, and then I started
getting the phone calls the next day, and long story short,
I had the right top ten most crime city, crime
ridden cities in Florida, but not ranked correctly. So number
one in my ranking was really number four. The number
three was number one. But let me tell you that

(01:31:13):
was a big deal because all the cities started calling up.

Speaker 3 (01:31:17):
We're not ranked number one, We're.

Speaker 2 (01:31:19):
Not number four.

Speaker 4 (01:31:20):
Representatives of all the city officials are lived.

Speaker 2 (01:31:24):
So I actually was really upset. I was crying. I
was crying in the newsroom because I was so that
I had this factu error. And I went into the
lounge to try to compose myself. And this old grizzled
reporter I've been around forever. He smokes cigarettes like a chimney.

(01:31:44):
He comes in to the lounge and he's throwing money
in the vending machine to buy soda or whatever. And
he hears me sniffle in like a little little kid
in the back of the room, and he turns around.
He goes, hey kid, and I turned to look at him,
and he goes, never get upset about something that costs
a quarter, because the newspapers back then we're twenty five seconds.

(01:32:07):
So the way I look at my factor today or
last week about the heat, no heat radio is free.
It doesn't even cost your quarter.

Speaker 3 (01:32:18):
Right, listen to this while you were talking, Jim, I
just had AI compile a list of the top ten
crime cities in Florida.

Speaker 2 (01:32:23):
What did they have? I got it right here. What
is it?

Speaker 3 (01:32:26):
You want to hear the cities?

Speaker 2 (01:32:28):
So number one's gonna be now, Hold.

Speaker 3 (01:32:29):
On, this came from uh. This is just thirty seconds
in the making from a chat style AI.

Speaker 2 (01:32:37):
So let me. I'm gonna get Miami West Palm or
Jacksonville number one.

Speaker 3 (01:32:43):
Florida City. Oh, Florida City is in Miami Dade. Yeah,
that's number one. Okay, you really want me to go through.

Speaker 2 (01:32:51):
This, go to the top five because we have somebody. Okay,
we're gonna take the let's take the caller. We'll come back.

Speaker 3 (01:32:58):
Florida City, Lake City, Orlando, Tally in Gainesville.

Speaker 2 (01:33:03):
Tally, Oh, Gainesville, that's the number one, And it wasn't.
And they were so mad at me because they ran
that story on the front page and then they had
to do a front page correction the next day.

Speaker 3 (01:33:16):
West Bomb Beach is not in the top ten Miami.

Speaker 4 (01:33:21):
So who's on the phone, Jimmy, So we have Jay
on the line, and he's a great segue into our
conversation because we were going to talk about mortgages and
he has a question about a mortgage and in some
roving roof question as well. But Jay, welcome to Florida
Talk real Estate. How you doing today, buddy?

Speaker 5 (01:33:37):
Thank you, It's always a pleasure to listen to you.
Heyj Heyj's like, let's start off with Mike the mortgage guy. Okay,
present here that I hear that the Santemonious is reducing
the fourteen percent interest increase on citizens to an average

(01:34:02):
of eight percent to go into effect in June. How
will that effect mortgage rates?

Speaker 3 (01:34:07):
Might I wouldn't expect any direct correlation between citizens premiums
and you know mortgage mortgage rates are more on a
national level. But we did talk about that a little
bit earlier. So we saw that headline that the Santus
was decreasing citizens rates and it's going to be somewhere
between say four and six percent decrease, which I guess

(01:34:30):
you know, if you were at fourteen and you subtracted
six from that, you end up with eight percent kind
of increase. But yeah, I wouldn't anticipate that affecting mortgage rates.
Although obviously when you're getting a mortgage, the Homer's insurance
premium is important to your ability to qualify for a loan,
right because it's part of the question of what payment

(01:34:51):
do you qualify for? Includes the component of how much
is your insurance going to be? So it's definitely going
to help. You know, cheaper insurance gives you more buying power,
know on the on the principal and interest part of
her of your love.

Speaker 5 (01:35:05):
Thank you for that answer. Now, my follow up question
goes to Jim sure there's a company out there called roof,
next m a double X and they rejuvenate the asphalt
signals on a home. Yeah, okay, the insurance companies. I
know Ross isn't there to answer this, but maybe you

(01:35:28):
can touch upon it.

Speaker 2 (01:35:29):
I can. I can because I asked Ross all the
time about these questions. So he's very consistent with the
answers because there's always the same answer, no matter how
many different ways I ask him. Okay, So the bottom
line is is when you're in when you have a roof,
whether you're buying a house or you have the house
and you own it, and the insurance company feels or

(01:35:54):
is told that the roof might be out of its
use for life. So let's say you have an original home.
You bought it in nineteen ninety eight, and now the
roof is or let's just say making it up nineteen
ninety four, and now the roof is thirty years old,
and you have a barrel tile roof. The insurance company
might reach out to you and say, we believe that

(01:36:16):
your roof is past its useful life. We want you
to place the roof or we're going to drop you
or raise your rate. And then what you do is
is that you go out and you get an inspector
to do what's called a useful life report. And if
that use of life report shows that you have at
least five years left in useful life of the roof,
you were going to get an insurance policy. You will

(01:36:36):
get one now if your roof. So what really matters
is that inspection from the person that comes up and
walks your roof and decides is there enough useful life
now whether you use it a coding to rejuvenate the roof,
which I don't know anything about that company, so I'm
not talking specifically about companies. But I just had a

(01:36:58):
deal where when the owner had a flat roof and
he told me, I just put a last Americ painting
on it, like it was a benefit, right, So you
put a last Americ coating on the flat roof. And
I didn't say anything. Yeah, And I didn't say anything
at the time to him, but I was thinking, oh
my god, that's not a good thing. And the reason
why it's not a good thing usually is when you

(01:37:20):
do that a last Americ coating, the inspector that's coming
for the buyer to look at the house can't really
tell why you put that a last Americ coating on
was it because it was leaking and you didn't want
to pay for a flat roof, so you just like
put that on and hopes that that was going to
solve the problem. And usually it doesn't because that stuff
fails over time. And this rejuvenation thing, it really the

(01:37:46):
only way that that's going to work is if you're
an inspector came out before the rejuvenation has said you
had five years useful life. I'm making it up, and
then you put the rejuvenation and the same guy comes
out and he goes, oh, well, now it's good for
eight years. I don't think that's gonna happen in real
life in my opinion, based on a Last Americ coding. Right,

(01:38:08):
I don't know about this product about rejuvenation, but the
bottom line is is that and this is what Ross
will tell you all the time, if you get a
useful life report that has five years or more, you'll
get an insurance policy relating to the roof. Yeah, so
that's all matter.

Speaker 3 (01:38:22):
I think that's with us with citizens is the one
that requires at least five years remaining useful life. And
so if you don't have that, regardless nobody's gonna ensure
you're going to have to do something.

Speaker 2 (01:38:33):
Yeah, then nobody's gonna ensure because citizens is the last resort.
They require five years. Now the other companies, they require
much higher standard than five years. Useful life. Yeah, it's probably.

Speaker 3 (01:38:42):
Actually a good question for a home inspector because you
could say, hey, listen, I did this treatment right, rejuvenation,
and here's our receipt, and here's the warranty, and you
know all that kind of stuff, and is that going
to sway the useful life qu you know number four
the inspector, and so an only inspector would know that.

Speaker 2 (01:39:04):
It's like I had somebody that bought It wasn't through me,
but they bought a house and it had a new
roof on it, and when they did their inspection to
buy the house, what they found out is they put
shingle over shingle, meaning there was an old shingle roof
and then they put new shingle on top of it.

Speaker 4 (01:39:23):
Right, they didn't strip off the old shingle.

Speaker 2 (01:39:26):
Most of the time. Most of the time manufacturers will
tell you that if you put shingle over shingle that
you lose one third of the normal life of the
new roof. So if your roof is good for quote
twenty years, you're only good for uh, you're only good

(01:39:48):
for fourteen, right, instead of twenty. So if you ripped
off the old roof and you put the new roof on,
then you get twenty years, right, But if you put
the old roof, if you leave the old roof and
put a new roof on top of that, it's only
the new roof is only good for fourteen years. So
my thing is, why not rip off the old roof?
It isn't that hard, especially shingle Ripping off the roof
is really easy. The shingle roof, it's all it is.

(01:40:11):
It's it's felt, tin tabs and shingle. Right, So you
get a shovel up there, you scrape it off and
you start over from scratch, and then you get the
full life of the roof that you're putting on.

Speaker 4 (01:40:23):
I'm sure there's a cost difference, and people look at
that either. Probably I just want to get a put
a roof on real quick and be done with it.

Speaker 2 (01:40:30):
But when you're going to sell it later, the value
isn't there the same as roof over roof. Now, the
funny part is what this person was told was, Oh,
this is great because you got the roof over roof,
it's going to last even longer. You've got two layers. Yeah,
And I'm like, no, it doesn't work.

Speaker 3 (01:40:46):
Like I don't think any reputable contractor would do that.

Speaker 2 (01:40:49):
Yeah, I don't think. I don't think.

Speaker 3 (01:40:51):
I don't think that that's like a normal thing, right.
I think it feels common years ago.

Speaker 2 (01:40:56):
Yeah, it was kind of common. Yeah, it was very common.
People did it a lot back then. I would never
do it. I would just save up the money and
make up the difference, because it really isn't Because the
roof is such a big component of your house. You
don't want to cut You don't want to cut corners
on that because when you go to sell it, people

(01:41:16):
aren't gonna You might think, well, great, I saved all
this money by doing it this way, by taking the shortcut,
But when the new people go to buy it, they're
not gonna have the same attitude about that, right, So
the value isn't there.

Speaker 4 (01:41:28):
But plus, you don't know what's underneath. You don't know
what the condition of the plywood is underneath, what sort
of weather proofing is under there as well. And you know,
if you're talking about a long term investment for the house,
I think that's where you're better off removing it, removing
any bad wood that's under there, and then resealing it with.

Speaker 2 (01:41:49):
Yeah, that's secondary water.

Speaker 3 (01:41:52):
Yeah, I guess I was just gonna say, you talk
to home inspector right to see if there's gonna be
any benefit from a wind mitigation report or four point report.

Speaker 2 (01:42:03):
If you had the rejuvenation What exactly do they do
to the roof to quote, rejuvenate the shingle? Do you know, Jay?
Are you there?

Speaker 5 (01:42:18):
They just put a guy on the roof and he's
got a like a precious prayer and it spraysed this
formula and it rejuvenates.

Speaker 2 (01:42:26):
The What does that mean though, retubated rejuvenates? What does
that mean to.

Speaker 4 (01:42:31):
The granulars for your roof? The granulars on an asphalt
Maybe it puts puts them back down.

Speaker 3 (01:42:39):
I don't think it says here. It is a plant
based oil to restore the protective oils in asphalt shingles. Okay,
It's designed to be an affordable alternative to replacing an asphalt.

Speaker 5 (01:42:52):
Roof, so it's it's much cheaper.

Speaker 2 (01:42:56):
To I'm sure it is. I'm sure it is, because
if it was too expensive, it wouldn't be people wouldn't
use it. I don't really well.

Speaker 5 (01:43:08):
I want to know if insurance companies all on of that.

Speaker 2 (01:43:12):
You no, I told you what the answer is. The
answer is, just to be clear, the answer is, you're
going to do a report and whatever the inspector says,
that's how they're going to react to it. It doesn't
matter if you go, but I rejuvenated my roof, here's
the paperwork for me rejuvenating the roof. It's gonna come
down to the inspector that does the useful life report,

(01:43:33):
and if they feel that there's five years a useful life,
whether it is rejuvenated or not, then you'll get an
insurance policy. If they don't believe it has five years
useful life, you're not going to get it. So if
you if you get a not useful life report and
it's rejected, and then you go to the insurance company,
you say, but I did this process to rejuvenate my roof,

(01:43:55):
I they're not gonna they're not gonna count that.

Speaker 3 (01:43:58):
Ross would be the better for the answer on this one, No,
but not that part of it. But if you're asking, Jay, like,
if I do this, am I gonna get savings on
my insurance policy? I think the answer to that is
clearly no. Like just because you don't get savings for
a metal roof over a barrel tile roof over a
shingle roof, right, all you just need to have a

(01:44:18):
watertight roof they give you know that you don't get
benefits for that, at least not with the general carriers, right,
so savings know whether or not to extend your useful life,
that's a good question for a home inspector.

Speaker 2 (01:44:30):
Yeah, and whether to extend the useful life in real life,
meaning like just because right sometimes maybe it actually will
extend the life, but it won't be recognized. And if
it helps you avoid that big cost, maybe it's worth it.
I'm not saying I'm not saying anything bad about the company,
you know, these companies that do this or the process,

(01:44:51):
because I really don't know. Yeah, I just know what
Ross tells me. I call him all the time and
bug him about roof stuff all the time, and he
always gives these same answer, and I don't care. I
still ask them anyway. But the bottom line is, Jay,
I really, I really would if you're doing it for
insurance purposes, I would be very wary. If you feel
like it's a good product to extend the life of

(01:45:13):
your roof and you feel like you're not going to
have a leak because of it, and you don't want
to replace the roof, maybe it is a good option
for people.

Speaker 3 (01:45:19):
And if you can defer, like if it really does,
like take the place of a roof replacement for some
number of years, maybe it's worth kicking the can down on.

Speaker 2 (01:45:27):
Yeah, it might, It might be worth it, so you
have to double check. But I don't I don't really
think that it's going to be recognized as making a difference.
It's they're not going to take an inspector isn't going
to take that in consideration. They're going to look at
the roof in the condition it is at that point
in time and tell you it is their life in

(01:45:47):
the roof or not how much life is left. Yeah, yeah, yep,
does that make any sense?

Speaker 5 (01:45:53):
Well, thank you for as.

Speaker 2 (01:45:55):
Guys, sure sure, Thank you so much. Jay. I hope
you have a great weekend. Good here. Looking forward to
meeting you again some time. Okay, okay, okay, okay, but
by now, I wanted to get into the the march
happening with the market a little bit lost. We only
got a few minutes. Yeah, I know, that's okay. I'd
rather take the call. So what we have is mortgage

(01:46:18):
rates have actually gone flat for three or down for
three weeks streak. Yeah, we had three weeks. We got
a little bit of a trend here. I was actually
trying to predict it last night. But I don't have
enough information because last year. Let me tell you what
happened last year, because I think it's kind of interesting.
I want to see if we're going to go through
the same thing that we did last year. So I

(01:46:41):
sure hope not.

Speaker 3 (01:46:43):
Yeah, I know, told me about although even though I
think we would say last year was relatively flat, but
there was a there was a spike there that we
could have done without. Oh yeah in November November twenty
twenty three, right, I guess, Oh yeah, that was twenty
twenty three. Yeah, okay, So when we get to January
of last year, we were basically at being a little
rough here, but we were at six point six to two.

Speaker 2 (01:47:07):
That's right. We started the year at six point six
two and we ended the year at we ended the
year at hold on just beer with me six point
eight five, so we only went up like point two,
basically almost a quarter point over that whole year. But
that isn't the real story. The real story was we

(01:47:29):
started at six ' to two sixty six to two.
We went up to seven point twenty two, which was May,
and then we from May down to September we kept
dropping and dropping. This is when the buyer should have
came into the market last year, which they never did, right,
They never really came back the way they should have.

(01:47:49):
But from May to September that was a really good
time to buy in South Florida across the nation because
the interest rates dropped from seven to two to sixh eight,
more than a point drop. That's huge. We don't see
that that much. So it took us from May to
September to do that, and then once we hit September,

(01:48:11):
September sixth to be exact, that's when they changed. That's
when the FED started cutting the rates. And as soon
as the Fed started cutting the rates, the interest rates
jumped up. So we went from six oh eight eight, yeah,
six oh eight all the way up to a recent
high of our recent high of seven seven point oh four, right,

(01:48:36):
that was January sixteenth.

Speaker 3 (01:48:38):
We got that full point back, yes, or it came
back on top of us, right.

Speaker 2 (01:48:43):
Yes, yes. And so what I was wondering is last
year we had this drop from May to September. Yes, right.
So what I'm looking for now for the trends from
my buyers and my sellers is are we going to
see that five months slow drop continue you week after
week after week for month after month and see the
interest rates go down. We don't have the trend there,

(01:49:06):
but we did have three weeks of slight drops or
are high with seven oh four this year and we
are now at six eight nine. So it didn't go
down much, but it's at it hey better than going up.
It's better.

Speaker 3 (01:49:19):
It's a week downward trend, even if it's not very much.
But to answer that question, Jim, I don't.

Speaker 2 (01:49:24):
I don't.

Speaker 3 (01:49:24):
It's kind of depends on what the Fed like. The
reason we got down to that approaching six percent last
year was a lead up to the FED dropping half
a point on the federal lending rate, right, So it
was a lead up there and then but the Fed
was like, yeah, that's probably all we're doing, guys, that's
probably and then all the rates went back up after
after that, and so not a continual drop. And I

(01:49:45):
don't think like the Fed announced last week, hey, we're
probably not doing We're not doing much of anything for
the time being.

Speaker 2 (01:49:51):
They're very worried about inflation. The job market. The jobs
report came out a little bit light. I don't think
it's anything to get crazy about. But the unemployment went
down a little bit, but the job report was a
little like compared to life.

Speaker 3 (01:50:05):
I think your general economic uncertainty.

Speaker 2 (01:50:07):
It's the inflation, you know, that's the big word. The
I word is the inflation. Hey, we only got one
minute left. Thank you guys for checking in today. If
you have any questions, all you got to do is
go to Florida Talkrealestate dot com and reach out to us.
You can call us, you can email us, you can
text us. You could shout out in a bullhorn and
I may hear you if you give me your number.
So just go ahead and do that. We're gonna check

(01:50:30):
you out next week. And I hope everybody enjoys the
super Bowl this weekend.

Speaker 4 (01:50:34):
Yeah, some people willyay right eight eight eight nine seven
three seven eight to eight. That is the number to
call if you have a question about real estate, homeowners insurance, mortgages.
We got the team there for you, and there's a
The team just keeps on going and going. That's the
number to call. Eight eight eight nine seven three seven

(01:50:55):
eight to eight. Jim have a great weekend. Thank you, Mike.
You have a great weekend as well.

Speaker 2 (01:50:59):
You too, Jimothy appreciate right. Got a little.

Speaker 4 (01:51:00):
Panthers talk coming up after this, and then a little
locker room later on in the show, So don't go
anywhere here. On Real Radio,