Episode 28 - "Secrets of The Masters | Real Estate of the Union" Feat. Dylan Bailey

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Faith & Frames Episode 28 - Secrets of The Masters | Real Estate Market Trends w/ Dylan Bailey

On today's episode we sit down with our good friend Dylan Bailey!
Our conversation is driven by talks on golf. Did you know that anyone could go watch The Masters in person? All you have to do is be drawn and selected!

We also chat about the real estate market here in East Tennessee. Will interest rates ever get back down to 3%? Will we ever see home prices seem affordable again? We discuss the "state of the union" right now with the local real estate market!

Faith and Frame Episodes will air every Monday. We hope you stick around and stay a while!

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Transcript

0:00

coming up on faith and Frames I saw 19 as the prefix Born in the 1900s you old

0:05

bag of dirt Joel Damon's the man his motto is somebody has to be the 40th best golfer in the world 97 and a half% of

0:13

you guys wait till the bubble bursts this is not a bubble this is life yeah but for all buyers out there if you are

0:19

wanting to do that do not put it in the offer I so that I get like smacked in

0:26

the face with reality every time I see these memes on Facebook where it's like what I think is a 20-year old truck yeah

0:32

like I still think of the the 80s or the 90s trucks uh no yeah RJ 51 photos that

0:39

that's his handle no Jared uh the the 20-year-old truck is 40 is a 2004 yeah

0:46

uh okay yeah yeah that's what's crazy is like well I know both y'all remember my

0:51

Infinity yes yeah the G bro 21 years old yeah that car's 21 years old now it was

0:57

a 2003 yeah my Subaru down St is an 03 that's yeah that's wild yeah that is it

1:04

it blows my mind I like I keep thinking 20 years ago 20 years ago it's 80s it's 80s I'm a dad burn 92 so uh no nope

1:12

that's 40 years ago now dummy uh pretty insane pretty insane and it does old car

1:18

things I had to jump it off this morning because it wanted to explode the batteries hey that happens dude batteries battery issue that's not a car

1:24

issue you know they're not uh they're not certainly not Eternal no um like

1:29

you're Soul uh but yeah cars uh cars

1:35

have have come a long way uh I also get smacked in the face with the meme where

1:40

um like if you have to get uh if there's an age requirement to buy anything oh

1:45

yeah uh if you just like flash your card up there and it's like oh you're good it's like you didn't even look at it I

1:51

saw the 19 yeah like I know you're born in the 1900s I saw 19 as the prefix 1900

1:56

okay yeah you're you're old enough to buy this you old bag of dirt that's you bag of dust it's not wrong

2:03

though like I was going say eventually we'll be a bag of dust we're going to return to dust that's a fact some

2:08

quicker than others especially if you're a cremation fan o yeah there you go

2:16

listen what's an astronaut's favorite part of the

2:23

computer I would say the uh the space dust in between each key but I know that's not correct the space

2:33

bar man that's pretty good that's pretty good the space bar I don't know about

2:39

that one you were close like you had half of it well I was just going on with the Dust theme well but the Space theme

2:45

was correct oh yeah it's just not a computer part but space bar pretty integral oh no the dust in your keyboard is certainly a part of that keyboard

2:50

it's not integral to its operation it's actually a detrimental to its operation yeah at some point you keep just letting

2:57

that dust uh you know manifesting into bigger dusts yeah it's gonna Fester into

3:02

a dead key not gonna work or five not gonna work folks dust your keyboard's off dust your keyboard's off uh you

3:09

should also dust your camera lenses off I don't I'm pretty bad about that it's character again you actively do not like

3:17

promis filters but you also actively run a natural promis filter on your lenses

3:22

and that is listen most people aren going to understand that but people pay pretty good money to put these like filters on there that soften and and

3:29

static and kind of Muddy the scene up a bit I'm just like look if you just take it out and use the sucker it's naturally

3:34

going to get don't blow and it's going to have the same effect like you're going to get Bloom just naturally for

3:41

free well it's going to cost you a little bit of time and experience I mean yeah it takes time it takes time my

3:47

other habit for getting you know a nice bloomy look is I just buy lenses that are 4,000 years old theyve typically got

3:54

some character nice yeah actually your angle right now is on a lens that was made in the

4:01

60s 70s maybe I don't know is this the 1960s certainly the 1900s you got

4:06

specify you got to specify I don't know when the First ln was made welcome to Faith and Frames yeah good morning

4:11

welcome back welcome back to Faith and Frames if you're a repeat offender if you're new welcome I haven't looked at

4:17

the statistics in a while to see what are returning 97 and a half% of you guys are unsubscribed is that really the I

4:24

don't know oh dang I thought you were dropping the hook all the YouTubers use that's the ones all the you use

4:30

listen what we would like to do though is get some feedback yeah we enjoy feedback also here's the thing though we

4:37

may just need to like read between the lines and the lack of feedback you guys

4:42

suck maybe you know silence as they say speaks volumes

4:47

so we may need to we may not be entertaining sorry not if not sorry uh

4:54

Sor as our Canadian Brethren may say shout out Mark bone um we got tons of Canadian folks yeah my wife hates it

5:01

when I say it though yeah maddo she will not let me say

5:06

sorry M don't like it either because she watches some sort of Canadian Cowboy show and they say sorry because they

5:11

actually are like Canadian yeah they're Canadian yeah listen I can can't say it though I can drop Sor uh in conversation

5:19

but what I can't drop is Zed oh yeah zero it's a z yeah I can't do that it's

5:25

a z uh not Zed and I'm not a huge proponent of of

5:31

uh what is it that they say um I'm I'm I'm interchangeable with my

5:36

root like Route 66 Route 66 I'm cool with that um because like I say in route

5:42

yeah okay yeah not in route which I don't know that either one of them's right or wrong I think they're both right it's the same word but they say um

5:49

gosh is it pro uh process yeah process yeah I can't I can't get on board with like

5:55

process uh part of the process they'll say I can't I can't I still love them though I I love my

6:01

Canadian I also like syrup so and the Lord hey speaking of syrup in Canada whenever we were in Canada a few years

6:08

back they make popsicles by digging a little finger sized Ridge in the snow ah

6:14

and they pour the syrup down in there you lay a popsicle popsic a syrup sickle

6:19

syrup sickle nice oh it's good yeah I'd be on board with that thank you Canada well they get enough snow to do that we

6:25

don't also true so you uh you ready to than our sponsor

6:31

yeah and then we have a guest today don't we we do have a guest today's sitting here listening to us ramble about Canadians he may not he may not be

6:37

as as as versed in the Canadian YouTube space they may not like Canada and we're here we're sitting here putting it up in

6:43

his face listen I love Flapjacks I love maple syrup I'm I'm on board with that I do

6:49

think our Bacon's Superior though I can agree with that all right we'll bring our guest on here in a minute but go

6:55

ahead and let's think our sponsor this week sponsor for today episode is none other than animals west of Greenville

7:03

Tennessee at animals West your pets are our passion our dedicated team offers

7:08

personalized care Advanced treatments and a warm loving environment because at animals West every tail tells a story

7:17

Tony Amanda and the crew down on the Newport Highway yeah thank you for sponsoring this episode of faith and

7:22

Frames thank you for sponsoring these animals here in motion Creative Media yeah taking care of us taking care of us

7:29

yeah meet and ters jar get us to the meet and taters we have a guest this morning I'll let you handle the introduction it ain't

7:35

got a thing to do with a frame because he does Real Estate but we're going to get a a pulse check on the market and

7:44

all things real estate rates uh inventory issues what what things are

7:50

looking like uh I know traffic's increasing so clearly people are moving in and I'm G to I'm going to back you up

7:56

for a second because you just just downed the fact that there's no frame to

8:02

do with this a house cannot be built without a frame okay that's fair so anyways slight correction there we can

8:08

now proceed with the program yeah so Dylan Bailey good morning sir good to be here real estate agent offici and auto

8:17

offici and Auto uh let's see so I I know Dyan trying to think of the actual first

8:24

time I met Dylan it was probably it was with twin Creek's Golf

8:30

Course uh in passing and then somewhere along the way after

8:36

college our pths crossed yet again and so yeah that's kind of how I know dealing yeah most people know me from

8:43

Twin Creeks yeah you you have been known to be the the residential golf pro there

8:48

watching idiots like us not be golf pros there listen the worst the worst thing

8:54

about twin Creek's golf course and I've never even been an employee there but I can imagine the worst thing in Twin Creek's Golf Course has to be the way

9:01

that they've laid out 17 because that hole's freaking hard yeah and you're going to watch like 10% of the people

9:07

hit the green yep the only thing that would make it even worse if where number 17 is is where number nine was I'm sorry

9:15

yeah 17 17's not it's not an easy oh well tough too oh yeah imagine number

9:21

nine being where 17 was and you had to watch that all day I think nine is the handicap one that it if it's not it

9:28

should be yeah yeah that's that's a that's a tough one that is a tough I mean I bet you I bet you less than 15%

9:35

of the people hit the green I absolutely hate nine okay here's the thing even if you hit the green you ain't making the

9:40

putt no well you're going to get it to stay exactly it's going to go down H saying if you're above the pin it's not

9:47

stopping although people like you being left-handed you can hit a draw in dra

9:52

that's true and so like you still but the problem is if you draw it too much then you're chipping from above

9:58

the green and you ain't stopping you do that it ain't happening ain't stopping well luckily for me I slice everything

10:04

so mine yours is like a left-handed draw it's like a draw it's a draw let's just call it a very large cut it is a very

10:10

large cut there you go it is very large cutely man I need to go and I play to that cut I I know my strength with that

10:17

cut we'll call it yeah so you're not the you're not the person who like sets up for a slce and then hits one straight

10:23

that happens to me about 20% of the time ah I mean you've witnessed I I'll have one really just sof solid smack of the

10:30

driver and it's just an arrow yeah in the way that you were set up to play your slice yeah in the way that I was

10:35

set up to play the cut let's be honest I mean even the pros don't hit it perfect every time they don't so they don't no

10:42

that's true speaking of Pros uh started season two of full swing last night love

10:48

that show I haven't seen it oh dude full swing on Netflix go watch it you never watched You' never watched either like season one oh watch great oh yeah yeah

10:56

does it follow Pros yes oh yeah they follow Brooks they follow DJ they follow JT they follow Jordan a little bit so

11:03

there's no boundaries in regards to what tour you're on then well no so season one is when Liv first gets introduced

11:10

and then you start seeing the controversy and season two I'm not going to spoil it for you but you enter into

11:17

the controversy you enter into the controversy and then you're introduced to a man that you've probably never

11:22

heard of Mr Joel Damon believe it is go look up Joel Damon and will about

11:30

guarantee you the first video that you will find is Joel Damon taking his shirt off at the waist manager on number 16

11:37

Joel Damon gives hope to guys like you and me is he playing the live tour I guess PG no he's on the tour

11:43

tour sure for that he's number 90 in the world right now he his motto is somebody

11:49

has to be the 40th best golfer in the world might as well be me yeah Joel gives us guys hope me and you he he's a

11:55

pro deal I don't I don't have but guys like me and you no Joel will give you hope Joel Damon's man okay he's still

12:02

obviously he's a pro golfer so will never be as good as him but he makes me think sometimes like I think I can do

12:08

that I'm going to go qualified for the next open that sounds like my every round of golf ever yeah like yeah pretty

12:15

much most of my rounds of golf Encompass three moods initial Stoke yeah like I'm

12:20

pumped to be out here let let's go shoot our best let's go shoot our best today guys yes I'm quitting I'm sick of this

12:28

sport selling my clubs tomorrow actually they may get listed on Marketplace before I finish this round they may not

12:34

make it off the golf course cuz I'm going to sling them somewhere then then comes that random birdie like on the

12:40

back nine last three or four holes where it's like that keeps you coming back it's like oh my gosh you know what I've done it boys I've figured it out yeah

12:47

I'm I'm G to come back and then I might get like one or two good parts and I'm like dang I'm I'm sick now yeah you Stam

12:53

together couple pars even it's just like I'm a sick golf I've got it figured out it's all figured out this game is

12:59

tomorrow I'm ready to play tomorrow oh yeah fact that I just i' just quit we we

13:04

can technically go try to qualify for the open if if we have a couple rounds I don't know that I have the uh you got to

13:10

make it through all the Regionals and all that but you can qualify well let's let's be let let's let's get into the

13:16

detail that okay correct me so if I'm not mistaken to qualify for a USGA

13:23

sanctioned event such as the US Open to even enter into qualifying you have to have a handicap that's black below for

13:30

see here's the thing there is a stipulation how do they how do they yeah how they going to know that if I just randomly show up you have to have a g

13:38

handicap like like I have a gen handicap on my phone like so like you we pay you pay a month or monthly sorry you pay a

13:45

yearly uh subscription so to speak uh and then when you get done playing every round you put your score in and then it

13:51

generates your okay gotcha and now now I may be incorrect on that but I don't

13:56

believe that I am I thought it was literally open anyone who wanted to qualify as long as you made it through all your sectionals open to any I

14:04

know is I know that there is for the senior because like when Dad has tried to qualify dad had to keep his handicap

14:11

below a certain degree or you're not even allowed to qualif that makes sense I mean I understand that yeah they don't want me out there I guess speaking of

14:17

handicaps what's your handicap uh it's about like I think like a 3.2 something like that dang somewhere somewhere in

14:24

that of the woods sorry yeah well I said Dylan's bro that part that's that's not

14:30

even that's not even fun to play with people that's good no I don't like playing with people that are good no he can't he can't colloquial the only time

14:36

I like to play with people that are good as if we're in like a yeah a team situation and you know I think I've

14:43

played one round with you I think we've played a round of nine before at Twin Creeks listen I'll go play I think I don't even think it was a full round I

14:49

think that I was working you were working you played about three with us I can say this now because I don't work there um so I believe you and Cory were

14:57

playing together and cuy left-handed ain't he yep Y and so he using your clubs yeah and I so I walked up the

15:03

clubhouse and came out there and played a few holes with you Twin Creeks if you're listening I don't work there

15:09

anymore he don't work there anymore listen my favorite thing about Twin Creeks was the close proximity to Chucky

15:16

do which is my stomping grounds M inevitably meant that some of my peers

15:21

were on staff there yeah that always helps I've never illegally played rounds at Twin Creeks uh never ever I can I've

15:29

never done that in my life listen here's the thing I'm not going to even name names but I can count on one hand how

15:36

many times I've paid full price to play around there I am an outstanding I am an outstanding citizen of society who has

15:44

never done yeah yeah uh listen Twin Creeks gets a bad rap though like the

15:50

front nine is pretty tough I think it is see at least for me I'm the opposite I play better on the front n than I do the

15:56

back well you're also a three handicap I'm a 3.2 handic you play 3 not a true

16:02

statement that's not a true statement but I I do I play better on the front

16:08

nine normally than I do the back see listen I like the back because it's so open yeah but see here's I was fixing a

16:14

comment on that those Oaks are slow growing right now but I'm telling you once those things get to maturity it's

16:20

going to be tight it will but what you're going to see within the

16:26

next five years let's say the rols are going to be reversed H because the trees

16:33

on the front have about outlived their life so going to get chopped down and so they're going they're going to get

16:39

chopped down they're going to fall down whatever so it's going to become open and they're going to grow because you got to remember they wasn't the the the

16:45

b n hasn't always been there well they just recently lost the one that made five a challenge yeah theige oh I go

16:51

straight at the green if I play from the white te's I'm knocking it on the green I I go straight for the green now uh

16:57

yeah you don't have to hit it over that monster anymore or play the dog leg that's play out or you know laid out in

17:03

front of you now you play from the tips back there that's your only angle you're playing you're playing the dog leg unless unless so when I play the tips uh

17:11

I'll tee the ball up a little higher put a little more up in my stance and I'll hit a Big nanner Slice high and over

17:17

them Trees n slice you'll be between house

17:22

will be I mean normally I've got with normally I've got about 60 yards in on thatle from from the tips that must be

17:29

but that makes sense though I mean TR that's already happened on whole five they they had one in one of the wind storms a few years ago it took a tumble

17:35

it took a tumble now it's wide open Oh Yeah from the whites yep uh and and

17:40

that's the thing I mean I but I think I play better on the front than I do the back because while it is more open on

17:49

the back the back's longer yeah it is a lot longer and so on the front one I've

17:54

got a wedge in two I've got a wedge in three the par five I've got a mid iron

18:00

low iron in and then wedge wedge wedge then par five knock it on and two

18:07

and then mid iron into nine listen I like Twin Creeks but my biggest grip is that there isn't a driver's r or driving

18:14

range because here's the thing if you if you play the the normal order all right

18:19

unless you just want to try something you're taking you're taking uh driver

18:25

off t on one probably driver off t on to driver on T or driver off t on three and

18:32

then the driver don't come out of the bag until like 7 yeah yeah so that's

18:37

difficult because you've not had the driving range to you know work out the kaks or anything so you got three swings

18:43

and you put the sucker in the bag for a bit you don't get it back out until you really need it on seven and then you

18:48

really need it to be good on eight yeah for dudes like me that's detrimental we see that's it's difficult so the driving

18:55

range used to be where our 17's at okay I makes sense it's kind of although the

19:01

uh train tracks what they do Peg the trains Train's not too far back behind that I

19:08

you can't hit you can't hit driver and I mean some people don't tell me what I can't do but I mean I'll stand there

19:14

where the blue te's is because I when if there's nobody coming up 16 or 18 and

19:20

we're going to play 17's in the driving range I still take I'll take I'll take a honestly I've knocked I've knocked a few

19:27

off the top deck there just to get a couple warm up shots I mean I either that or I'll go to one and I hit it

19:32

towards four and hit it in the pond I just take some old balls and hit them that before you make your own driving

19:39

range yeah and so 17 used to be where um the driving range was and you I mean I

19:45

can pound a driver down there and I mean now I'm not the longest hitter but

19:50

there's probably some that probably could hit it in driving range but it's unlikely it's it's a good poke unlikely

19:56

man I did not anticipate this golf tangent but I'm I love gol you we can talk about listen

20:01

I saw on TV the other day the Masters are coming up son going I'll be there for the practice round on Monday that a

20:08

boy pumped that a boy wow most beautiful place on Earth I was there in 2018 it is

20:14

the most I mean I say this thankfully been blessed I've had the opportunity to go to Hawaii I've had the opportunity to

20:21

go to the Bahamas Augusta National is the most beautiful place I've ever been in my preachers go to the Bahamas

20:26

preachers go to the Bahamas no matter what anybody says go to the Bahamas is it is is uh is does it look as good as

20:32

it does on TV oh man so so can I tell you some stories about the Masters have had it yeah so here's some knowledge you

20:39

may not know if you go to the Masters or if you look at the Masters you will never

20:47

find a weed anywhere on the entire golf I can tell you it don't make it on a

20:52

camera you will never if you go there you can look you will never find a weed depends on who you're rooming with but

20:58

okay and see what you did there yeah okay at

21:03

least not on The Fairway not on The Fairway got you but so in the woods there are people that stay in the woods

21:10

and they wear like ghillie suits what what real talk what and so especially

21:15

during the tournament maybe not as much during the practice round but during the tournament when the cameras are on and

21:21

so when somebody hits a shot and they take a big pallet out of the uh Fairway

21:27

you got a big divot as soon as it goes off the people in the ghillie suits and everything will run onto the Fairway

21:33

they'll fill it in with recon mission dang and everything that you buy at the

21:39

Masters is in green wrapping the same color as the grass that way if any Trash falls on the ground it Blends in now

21:44

they've got the cheapest hot dog or something they got the cheapest everything let me hold on we got dad

21:50

their concession their concessions are cheap burn Augusta Team Six out here so I've not been there in person but I've

21:56

seen inflation doesn't exist at Augusta austa let me let me give you this let's

22:02

not let's let's not let some people know that cuz it may try to enter in but yeah egg salad $150 wow nice uh P cheese a150

22:12

wow pork barbecue $3 bless the Lord Master's Club $3 chicken salad $3 ham

22:20

and cheese on R $3 that's cheaper than a number one at Chick-fil-A that's about

22:25

cheaper than dollar menu at the mick soft soft that's not menu anymore huh it starts at two now it's a $2 menu 234

22:34

really what tells you how long it's been since I mean a small fry now is a $119 I believe what1 67 the most expensive

22:42

thing at the Masters other than merchandise obviously now merchandise is expensive uh the round of golf's probably not cheap either and if you can

22:48

get on i' say the ticket the ticket get to view the Masters can't even $100 for

22:55

if you get drawn it's $100 but that's a pretty exclusive that's like a 20 year waiting list yeah it's not a waiting

23:01

list what it's a so every year you go you go to masters.com oh so it's like

23:06

the Hot Wheels Redline there's a lottery okay and so every year you have to enter into the lottery uh practice round

23:13

tickets you can uh select up to four wow uh tournament tickets are two and then

23:18

they just draw that's how we got tickets dad got drawn I've heard of people going to the practice rounds because I thought

23:24

they were a little more LAX on that but I I had always thought in my mind I thought they had waiting list it was a big to actually be there like on a Sunday or

23:30

something you have enlightened us on the game of golf they're pretty they're pretty strict because if they technically I've never heard of this

23:37

actually happening but um technically if you get drawn for a ticket and you sell it and they find out you sold it you are

23:44

exiled yeah you can't go lifetime banned like on StubHub though go look

23:51

and see how much tickets are on stb you're talking like $1,000 a ticket jeez

23:56

but if those people get caught they're banned that's that's what it says on the website like I said never heard of that

24:02

happening but yeah but here's the thing okay if you're really like trying to make a buck as opposed to actually

24:09

seeing the Masters you probably don't give two rips Master that's like okay the profits probably worth the ban at

24:15

that point if if that's what you're really into I'm pretty sure that if you looked on StubHub right now if you was

24:20

to get drawn for a Saturday or Sunday round I guarantee you the ticket prices are anywhere from 35 to probably $10,000

24:28

no you that's a good business model I'll watch it on TV be I'll be tickled I'll pay my $7.99 subscription yeah well I

24:35

assume that he is he's um he was there was a thing that showed that his jet left uh Miami him and JT and they played

24:44

a practice round uh earlier this week oh was it that celebrity jet Tracker app or whatever yeah okay I would like to see

24:51

I'd like to see I just listen PP dream I'd like to see him like really be making a push there on Sunday like him

24:58

to be relevant on Sunday yeah um I mean people can say what they want Tiger's the goat yeah and down he he is good for

25:06

the game of golf yeah listen he um I want to see Ricky Fowler playing good G

25:11

I do too I do like Rick hadick my number two Rick's had a lot of down years he needs it he's got that

25:18

he's got that did he finally get a major but he's got that major chip like don't have a major he'll be leading three of

25:25

the four days let's see 2 and I believe he was 15 mhm he is the only person to

25:32

play in all four majors and come in the top three in all four yeah and not win I

25:37

was to say not walk that Ricky needs it mentally yeah if again if you watch

25:43

season two of full swing you'll see it you'll see the Ricky needs one oh well yeah that's and and he's just a fun dude

25:49

to watch too he's he's fun to watch he is the modern day Arnold Palmer I see minus the wins I can see that listen

25:55

this is just a this is this is purely just like a uh an entertainment thing and and and and as as a armchair

26:02

quarterback of of the golf watching that takes place via TV

26:07

yeah I think some sort of hybrid needs to take place between PGA and Liv

26:14

well what PGA needs to slack off a bit and I think I think Liv's a little too I think Liv little too LAX again where

26:20

season two comes in they have entertained a merger yeah they are in the process of trying to figure out what

26:26

a merger would look like they're trying to mer cuz here's the thing there's a reason why those pay-per-view events where like tiger and Phil where you get

26:34

to hear some of the banter and stuff like there's a reason why those are still going on as successful yeah they

26:41

make dollars um but PGA that mean it's just that gentleman's thing and I think they need to I think not more because

26:47

again they're trying to figure out a murger well like I said I don't I don't I think a hybrid it would be so a good

26:52

middle ground there from just from A View stand I like the live portion of

26:58

kind like the team that Pros I don't mind the team thing um I like that Pros

27:04

can wear shorts yeah I have no problem with professionals wearing shorts no uh you go to state events now Pros are

27:10

allowed to wear shorts yeah um so I don't mind that I don't like the blaring

27:15

music yeah that's what I'm saying they went a little too far I I don't like that yeah I don't like I couldn't play

27:22

like that no no no which again different calibers distract obviously I don't like the 54 tournaments right I like 72 I

27:30

don't like that there's not a cut MH that's true because okay I'm going to show up who cares if I win I'm drawing a

27:37

paycheck either way I don't like that yeah but I still believe that even if you don't make the

27:44

cut MH there should still be some compensation for the people that at least make the tournament well go there

27:51

is in sponsorship deals if you're good yeah true I mean you got to think about imagine you know if

27:59

we're not well amateurs can't accept money anyways oh really I didn't know that I didn't know that he is just a

28:05

wealth of knowledge on the listen it's because he's entertained the thought of being there one day I can't seriously

28:10

entertain the thought of this I either dreams and then there's there's dreams so Nick Dunlap uh he won Pebble

28:19

Beach this year he was an amater he was playing college golf at Alabama yes and

28:25

um he won the purse was like $3 million MH you could accept it even with nil and

28:31

stuff like that they can wow accept it what a bummer and so what happened to that funding it goes to whoever's in

28:37

second place okay they heck far wowzers yeah so amateurs like if I go out and I win a tournament I can receive

28:44

merchand I can receive merchandise I can receive a like a gift

28:50

card or so to speak like when we play in the Pro a about like a car I I know sometimes the cars really can't

28:55

technically no I mean you can but you could I'll give you an example there was a guy on the PGA tour uh he went to I

29:02

believe the University of Georgia uh his name was Jason bone he played at Carterville Country Club dad knows him

29:08

I've met him um he was playing in a golf tournament in college he made a hole in one like we was talking about earlier

29:14

yeah where there was a prize where there was a prize yeah and it was $1 million so he turned Pro and accepted the money

29:20

he left college and you he so he turned a pro when he accepted the money uh now it took him like six or seven years to

29:27

get to where you know he actually got his tour card yeah but he had to he couldn't go back to college he couldn't

29:33

do any of that so I mean he had to turn pro to accept the money what's stopping somebody from

29:38

like I don't know dropping a hoodie in the parking lot that has a $ three and half million doll check in it that I

29:44

just won that's a bummer though I mean that really like I get the rules and everything but D on man I I won I just

29:51

out competed everybody everybody like I won it used to be even worse than it is

29:57

now well yeah such a bummer know that last year during the um Masters mhm uh you had Sam

30:04

Bennett I believe it yeah Sam Bennett was his name he was an Amer he was leading going into maybe the Saturday

30:11

round maybe maybe even the Sunday round that and of course he fell off so one of

30:16

the things in the Masters I may not have this right but it's either the top 10 or the top 15 you get an automatic

30:23

exemption to next year's Masters so you yeah you get to come back yeah so you the rule was that if you was an amateur

30:30

and that took place and then you turned Pro you no longer got that exemption that's bull and so you either had to

30:36

decide to turn pro or to stay in amateur to come back next year or you had to qu

30:41

case you're not going to win any purse if you correct make any purse and so but but that but that rule has changed now

30:46

because Sam Bennett got to got to come back and because top 15 also gets you in like to the PGA I believe the

30:53

championship the US Open the British Open all those butow

30:59

wow we've been uh we've been knowledged on today sced been knowledged back to

31:04

school back to school been knowledged on with the game of golf show my dad I'm not a fool I love I love make some golf

31:11

listen that was a that was a really loose parallel Happy Gilmore Billy Madison you inadvertently crushed my

31:17

dream of qualifying for US Open but it's okay you have to have realistic expectations Happy Gilmore did you hear

31:24

I heard that they were coming out with the two they are yeah they're that they started shooting yeah that's is Adam

31:29

going to play the Y Adam's back in it uh I think most of the original cast is back into it except for chubs yeah yeah

31:37

RP yeah Bas they said uh that U and I don't know if this is true but it'd be

31:42

funny if it was that will zot Taurus was going to play uh Happy Gilmore's caddy

31:48

because if you put them up beside each other they look like to similar ah okay in other fun film news uh Beetlejuice is

31:57

also about to come back out I think it comes out October 26th Tombstone too ah dang old Tombstone I probably could

32:05

those actually I love Tombstone yeah but like we're not gonna have Val Kilmer

32:12

they said Matthew mccon is going to be in it really all right all right all right I'll be you Huckleberry that'd be

32:18

pretty good yeah so listen I'm GNA I can't ignore the elephant in the room and your shirt anymore I'm going to ask

32:24

you about real estate yeah you you've asked us to ask you about real estate so

32:29

so what you want to know I'm pretty far removed from the current haps of the real estate market my wife and I bought

32:35

our current house in like 16 or 17 so we're we're in at a pretty good rate I

32:42

purchased in 19 so the the stupidity of it was 16 or 17

32:47

was it no it was after that no well maybe 18 maybe 18 I was about to say cuz I was at your house we was watching the

32:53

Georgia LSU game in the one in in town

32:59

I've bought and remodeled two homes all before the stupidity of the prices occurred it's crazy um so has is I'm

33:08

curious are prices still nuts or have they slowly

33:14

calmed a bit they haven't dropped if that's what you're asking really so here's the difference what is the the

33:20

current Trend so the trend is the prices of housing everybody keeps making the

33:26

statement well you know I see that how the housing Market's dropping no it's not right don't don't listen to that

33:33

nonsense okay what is dropping is sellers are having a hard time coming to

33:40

the realization that they miss the boat right and hot it's not as hot and so

33:47

three years ago you can list your house whatever you wanted to and it's going to sell probably that Daye that week well you get people in bidding wars I

33:53

remember people being in bidding wars I sold a house um I guess it was two years

33:59

ago uh just past Twin Creeks wasn't that updated it was a nice cute little home

34:05

it had a th000 foot garage in the back it wasn't even on a full acre we listed it at

34:10

275 and it sold for 355 yes that much above asking yes dang

34:18

so what you're seeing now is if you go to if you was to take a report from

34:25

Zillow realtor truly any of them um you would see that yes it looks like the

34:30

process of housing uh is coming down not the case what you're seeing is when people

34:38

list homes they're having to drop the price okay cuz they're listing it so high because they're listing it at a a

34:45

price that it's not going to sell at anymore and so that's why I say that sellers are having a hard time realizing

34:51

that they missed the boat so now okay your house is worth $150 a square foot

34:56

unless your house is just Immaculate in Immaculate place in a popular place it's

35:02

going to sell for $150 a sare foot it's not going or 165 whatever let me ask you this though this is the stupid part

35:07

because like I said I bought and remodeled two houses and so obviously when when we

35:13

remodeled we needed Capital to do so and so we did construction loans uh which

35:20

you've got to have you know 80% LTV all these things so appraisal was massive MH

35:27

how did those home's appraise for those stupid rates so how did how did an appraiser walk in and

35:33

say last week I would have said this was 275 but today I'm having to say it's 355

35:39

so that this person can go get the like how how does that happen okay so when the market first did what it did um

35:46

appraisers had a hard time doing that uh yeah so they still are last week this

35:51

was 275 and now so VA has a thing uh that Obama put

35:58

into place that is called Tidewater MH and that means that your house did not appraise um so what you have the

36:05

opportunity of doing is I believe it's three days four days I can't remember right off the top of my head because

36:10

I've only ever had two tide water M um but so what you would do is the Realtors

36:17

would come together uh you had a spreadsheet and you would look for

36:22

houses that were similar to the one that you that is under contract to be comparable comps to the price that it's

36:28

selling okay 99.9% of the time the appraiser does not come back that that

36:33

they were wrong okay now I did have an appraiser once that raised their uh

36:39

appraisal by about $115,000 and that was the most that any mortgage company had ever seen an appraiser raise there raise

36:45

it um and actually it was a house that me and Dad remodeled right and so at

36:51

that time there wasn't a lot of comps to compare yeah so to your point okay yes

36:59

last week this house was 275 this week it's 300 MH so at one point if I'm not

37:06

mistaken it was like an average of like 30 houses coming off the market a day MH

37:12

and so you're talking about there is an influx of comps so six years ago five

37:18

years ago whatever you want to say most appraisers would go back as far as 6 months to a year to find comps yeah now

37:25

they're not even going back two months no but that okay so I can get on board with you there after 30 40 of them have

37:31

done this stupidity but the first ones you don't have comps that justif so the First on you've seen a lot of a lot of

37:39

unappraised um house or houses that didn't appraise so the way that that works let's say that you sell your home

37:44

your we list your home for $300,000 just as uh a scenario and let's say the

37:50

appraiser comes in and said your house is only worth $275,000 so we've got two options here

37:55

well technically we have three yeah you got to make it up cash so either make it up with cash buyer has every right to

38:00

back out or you drop the price yeah and so what you were seeing because you had all these people that were coming in

38:07

people were just making it up with cash yeah that was because they knew the profit was going to outweigh what they to pay out as soon as you make it up

38:13

with cash that two that's a Mot point at $275,000 now it's $300,000 when the

38:19

appraiser comes to do the next home they see yours at $300,000 which makes the the comp for the next house go up okay I

38:26

mean like I said I can understand using comps that exist but at some point those comps didn't exist so someone

38:34

overpaid for that first house made it up with cash which was easy for out of town people you know their dollar was a

38:39

little different our dollar well that was kind of my question are you seeing a trend where it is more like re

38:45

regionally dictated like you take our region for example where we do have quite a few people moving in from out of

38:50

state is that one of the reasons why we have gone like pretty nuts on on the com

38:55

on the appraisals absolutely well I mean it's a nationwide thing though isn't it well I don't know part of the nation

39:01

you're talking about cuz like if I go out to California to buy a house it's I don't see people moving in exess to

39:07

California those would be about the same wouldn't they but the price of the houses are still stupid in California well I know but I'm saying like but yeah

39:13

but the price specifically as far as what it's set at it's probably not going to have the the

39:19

up depending upon what part of California you're going into correct cuz we're not going there in droves like we

39:25

have people coming to us in droves and and that is and that is a true statement okay um so to answer your question what

39:31

I would say is that yes um the ex the the ones that are

39:38

coming here is causing prices to fluctuate yeah but what has caused the

39:44

prices to fluctuate so quickly at one time was the interest rate was 2% yeah

39:49

3% true and so I'm on a 3% it's it's it's free money yeah I mean they aren't

39:55

anymore no no they're mid I

40:01

think I know they I know they've gone down some so I'm okay so first uh disclaimer I am not an expertise in

40:07

rates I'm not a mortgage do not sue him this is not Financial advice this is not Financial advice this is not mortgage

40:13

advice but from what I have seen depending upon what kind of loan that you're getting sure um let's just take a

40:20

conventional I mean because the other onei and all that conventional 20% down you're probably looking at somewhere in

40:25

the upper sixes yeah and that's a good rate right now yeah unless the lowest

40:31

rate that I have seen over the past month or so was a vaan and it was like 6.3 wow good grief and but you but

40:39

here's the thing and this is what blows my mind with people mhm people say that

40:45

good grief yeah five years ago it five six years ago it was 8 n% and people were still buying them yeah but the home

40:51

prices weren't as high correct that's where listen 6.3% of 300 is is different

40:59

than of 150 I had a client at the beginning of this all started that their

41:04

interest rate was 12 holy crap dude 12 no thank you I believe I will uh I don't

41:11

know what I do but that that's and that's where it's so crazy right now in our area like it I know when the boom

41:16

first happened like it's so tempting to want it like we had somebody come out and reappraise our house cuz we were

41:21

like golly we can sell look at our Equity yeah look at the equity that we have right now can I get can I get

41:27

not Financial advice give me Financial advice can I give you real estate advice yeah have about it so when it comes for

41:33

that unless you are doing a helck or unless you are re re financing or anything like that uh I wouldn't

41:41

recommend getting an appraiser to come out and do that well in hindsight so we've already had it done we had it done when the when that first boom happened

41:47

but yeah now I look back at it I'm like I'm glad we didn't sell yeah yeah cuz where you where you going to go yeah where you going to go like you got you

41:53

got a bag of cash and nothing to do with it that point same thing that happened with vehicles

42:00

youed and went through the roof people are like I can money did make money on

42:06

vehicles great what are you going to drive after that or where you going to live after that like that's the thing

42:12

and I think people were not I think people were maybe too near sided and so like you had a lot of people literally

42:18

in that camp and so now if they didn't have an RV or something to go like temporarily reside in like they're

42:24

literally like wa what do you do I'm still not I'm not totally out on the

42:30

idea of selling and just traveling around in the camper just so I can disappear but that's that's for another

42:36

reason that's not for the profit the so the thing is when it comes to that and the reason that I say that about an

42:42

appraisal so most of the time a lot of people don't know this depending upon what it is when you have an appraiser

42:49

comes out and it goes into the system most time it stays in the system for six months ah so let's say

42:55

that c there are certain loans I'm not going to say which ones exactly cuz I'm not 100% sure but certain loans so you

43:02

could have let's say you have an appraisal today and they say that it's worth x amount of dollars Market goes crazy again your house goes up so

43:09

certain loans when they would go to do everything and those people would go to buy your

43:14

house they no they'll they'll have to go they go off the previous I can see that being bad and one so that's a Time

43:20

window though like if it's within that six months then you you would have hurt yourself that scenario you could also benefit from that well you could I mean

43:27

the inverse yeah well it's probably not going to happen but it could it could but but here's the other thing you can

43:33

have somebody like me come out there and do the exact same thing that they do and I don't charge you nothing right and

43:39

it's the exact official though right it's not official but why do you need but why do you need it off well so that's what we did we we had an agent

43:45

come out and appraise it okay so we didn't pay the we didn't pay an appra she charge okay so that's didn't a

43:51

it didn't go in the system okay so that's different that's what I was saying I I when people call and ask me that question I'm like I wouldn't I said

43:57

let I always tell them let me or find somebody to come out and do it because it's in in retrospect it's going to end

44:03

up being the same thing except I don't charge people for do become like quote unquote official it's not official and

44:10

again we so we were just we were curious when that boom happened which is why we called her and said hey can you come

44:15

give us an idea correct yeah yeah yeah I mean there are some scenarios like well so the only way I would say

44:23

that could have worked is if you had

44:28

I wouldn't I wouldn't have recommended anybody do that for their primary residence but that might have been not a

44:34

terrible time to dump a rental or like and then reinvest maybe was a bit of a headache or whatever well if you I've

44:42

seen a lot do that or if you just simply want to reinvest well that's true yeah like maybe sell this rental here that's

44:47

not the the best location maybe doesn't have the amenities and and put that on a on a down payment towards you know

44:54

something in the middle of town there you go like that would make sense or something you're going to Airbnb

44:59

because that's the thing that's booming right now is Airbnb BB is huge well so

45:05

yeah I would just I would not have recommended uh doing that to your primary residents because if you don't have somewhere to lay your head at night

45:11

what goods profit at this point brother I got a 26f footer that I can pull all over the country but especially at the

45:17

interest rate that you have yeah that that's well that was UL what we did the key factor ultimately we were like we're

45:22

on 3% right now we are not going to get anything nearly this good I think mine

45:28

mine is uh you actually got it at a better time mine is at like 3.6 mhm but

45:33

ours is older time when it dipped and you caught it on the the the dip dip well I caught on dip but mine was also

45:39

an FHA so I did have PMI which is a we had a conventional um I was going to say you had a conventional so PMI is a

45:45

bummer but either way so with with that Trend what do you see happening cuz I

45:51

know the big fear right now and it's it's you know reality right now um I have f family who they are young they're

46:00

you know newly married um looking for a home M what do you see the trend in the

46:06

future being like are people that are younger ever going to be

46:11

able yeah minus hitting the lottery or or they become a guru in the stock

46:17

market um are they ever going to be able to actually own a home because I saw statistic the other day at least in the

46:24

Metro areas in your bigger cities right now now it is uh statistically cheaper

46:30

to rent for for younger folks than it is I I'm seeing High rentals too um so I I

46:38

disagree on the rental aspect of it as far as that it's it's cheaper um because

46:44

and maybe that's year overy year I guess not not the long now that and that's possible yeah for the year you may have

46:49

spent less but a lot of it depends upon what you're looking at at a home um so for instance from what I am seeing most

46:58

rentals MH people are paying almost a150 a square foot well yeah it's 1,500 to

47:04

2500 bucks in rent yeah and so once again I believe it depends upon

47:10

what you're looking for right um because it's going to depend upon one um how big of a house do you need bigger house

47:17

bigger payment right bigger payment um I think you got to blur the I think a lot of people B the lines between need and

47:22

want though they do they do and and that's that's that's a huge and that's always been the case oh yeah everybody

47:28

buys more house than they need probably absolutely so statistics shows that most people own four homes in their in their

47:33

lifetime they own a starter home uh they own they they have the first kid they need something bigger the family grows

47:39

even more so they have to get even something bigger kids move out they downsize yeah that's true uh and so

47:44

you're looking at most people own four homes so to answer your question do I believe that people our age or even

47:50

younger will ever be able uh to afford a home uh I I believe yes mhm um because I

47:58

believe at some point in time whether it be Greenville whether it be Johnson City

48:03

whatever um people are going to to start paying more yeah and I don't mean paying more

48:09

for houses I mean living wages now I'm not IND I'm not I'm not an advocate of

48:16

we need to pay $50 an hour for minimum wage I don't believe in that listen if if there's $50

48:21

an hour that ever comes across a McDonald's assembly line I'll flip them puppies so fast

48:27

but but I mean but that's the thing and so no I don't I know there's a pretty good

48:33

imbalance though yeah there is at current at current uh salaries and wages just TR cities like we'll go east of

48:40

Knoxville like all of it it's not it's not it does not afford current market

48:47

prices go to West of Knoxville is it worse oh gosh I was going to say yeah you have that big space in between like

48:53

Nashville and Memphis like wages there fairly yeah I mean but so Knoxville though

49:00

other than Turkey Creek I mean I'm talking about going keep going west CV Cookville Nashville oh my have you seen

49:07

home prices in Cookville have you seen home prices in Nashville who would want to live in Cookville no I've not so I'm

49:13

just saying so story time me and Tory gets back from our honeymoon yeah of course that's been three years ago now

49:20

in the Bahamas no that was in Hawaii oh okay sorry so we get back from our honeymoon uh and uh the individual that

49:28

came and picked us up she's a realtor in Nashville me and Dad are big buddies with her and her wife that's who we stay

49:33

with when we go to Nashville and uh so she picks us up and we go riding around and she's showing me all these uh

49:40

properties that just sold in Nashville MH there's an Halfacre lot nice Halfacre

49:45

lot that's a field in bail me which is upper criteria of Nashville yeah

49:52

probably 45° angle straight up I mean up just Prime Building

49:57

it's yeah it's it's awful covered in shrubs covered in trees all these things guess how much it sold for I'm going to

50:03

say 2.2 oh that's a little high 1.1 $850,000 Halfacre lot they are Buy in

50:10

Nashville right now they are buying homes for one and2 million just to tear them down to build what they want nice

50:16

well because they're needing the real estate they're needing that the location is what they want they are paying Milli millions of dollars just for a land to

50:22

spend millions of dollars to tear down and build and so go Nashville I mean

50:28

going back to the question MH there are a lot

50:34

of there are a lot of Available Loans out there that help younger couples buy

50:42

homes yeah um I was going to say I mean you still got FHA and all those USDA

50:47

which USDA is 100% no money down yeah yeah I think on ours we had to have 10%

50:53

down something like that FHA three and a half yeah my bad three and a half not 10 conventional so you had no PMI so you

51:00

paid 20 down um I can give you phone numbers right now where they do conventional loans where some of them

51:06

only require 3% down yeah now you still have to pay PMI right obviously the only people that don't have to play PMI is VA

51:12

yeah okay but but they deserve that uh you all day yeah they they can do

51:19

whatever they want hey random real estate question or random mortgage question um so we are now coming up on

51:24

five years of our loan is PMI automatically roll off or do I need to do that manually it should automatically

51:29

once you once you get your 20% once you get 20% R off oh sweet okay so once you have 20% they should no longer be okay I

51:35

need to check that then yeah yeah I mean that yeah once you pay that and I mean so you may know this they may not know

51:42

this um if at all possible you want your PMI to get away quick quickly pay extra

51:48

EXT P pay extra you can pay one extra payment a year and it knocks seven years off year loan well that's even with the

51:53

conventional yeah 30 heard people too I think my cousin did this on on his first

51:59

home he would make uh his mortgage payment bi-weekly yeah every two weeks you end up with an extra payment so but

52:05

and with that being said though a lot of people don't know this either MH when you do that you better let me rephrase

52:12

that you better make sure that the check that you send has principal on it it

52:19

doesn't get app it does not get app interesting well not not the full amount yeah no you're still playing you're still paying on the interest part right

52:25

and so I know a lot of people that they did not know that and they were paying an extra payment a year to interest and

52:31

they were just paying it to interest oh man so it did nothing to their loan yeah man yeah so so and and so for the people

52:37

who may have just heard like why would I pay twice a month well we're not saying you make your like say your mortgage is

52:43

a th000 bucks a month which if you've got a $1,000 mortgage payment I don't know when you financed great for you um

52:50

let's just say for easy math that's what it was no we're not saying you pay a th000 for this two weeks and then you turn around and pay that that's

52:57

I'm saying you 500 500 uh the these two weeks and then the next two weeks because at the end of the month you

53:03

still paid your 1,000 but the way that works out with our Gregorian calendar you end up with an extra payment right

53:09

at the end of the uh 12 months you end up making 13 payments as opposed to 12 um so if you got that applied to

53:17

principal yeah you'll end up knocking I think statistically it's it's it's roughly seven years off seven or

53:24

something like that and that's the thing I mean and that ain't bad with your question about people I age younger and

53:29

everything like that can I tell you why I am seeing more are not able to buy

53:34

it's not because they're not able to afford probably lifestyle isn't it it's lifestyle it's one they one they can't

53:40

get approved right keeping up with the Joneses yeah I mean yeah I mean I've heard preachers say all my life and I've

53:46

said it before behind the pulpit um you know we try to impress people that we don't know when we buy stuff that we

53:52

don't need yeah true been there done that yeah absolutely yeah you were making the income to make to to overcome

53:59

those mistakes yeah but what good is it now yeah I mean well it's not but I'm saying like or not but it's different

54:05

when you've got people who can't afford to do that and they still try to do that um I mean it it blows my mind when I

54:14

drive by places and this is I'm not judging I'm not I mean do you yeah do

54:20

you but I just I would rather have personally I'd rather have a nicer house

54:26

and car have to rent but have a Porsche in the driveway you can't well you can

54:33

sleep in a Porsche but it's not comfortable yeah who wants to do that I mean or whatever it is so I mean you know like I said to each its own

54:39

whatever your priorities are but I'm going to spend more time in my house than I am my car well not I will say

54:44

this one of those statistically appreciates in value too yes well right now if you look at the Porsche Market

54:50

there okay at some point that's not going to be the case they certainly appreciated you can look back in the sands of time real estate has almost

54:57

always appreci we say it we say it appreciates but most of the time I mean even a Porsche when you dve it off a lot

55:05

it it LO it lost value I mean well and I'm talking about old Porsches abolutely if you look at the air cooled market

55:11

right now to get a 996 which is Porsche 911 Turbo that was the last model of the

55:16

air cools um they're going for like an average of50 to 250k and but the thing

55:22

is now but it's cuz they're the last air course ever made and and but the thing is is now you're I it's hard for me to

55:29

believe that you're going to find any new vehicles that are going to

55:34

appreciate new vehicles no like a 19 like a 1965 Mustang yeah you won't new

55:39

vehicles no they don't appreciate and so it's one thing if you go buy a new

55:45

classic they appre but a house will pretty much always you can about

55:51

Bank on it always appreciating unless you see a a depression enter

55:57

which I don't know I've always kind of I've always kind of liken the uh the whole real estate thing to Who's Line

56:03

rules are made up points don't matter yeah cuz it's like literally the the the the best most recent example I can give

56:10

is when those first few homes sold for 75 over asking literally what happened

56:17

somebody moved a number is what happened somebody okay everybody went stupid yeah

56:23

which just like okay this was worth 275 yesterday now it's worth 475 but today it's worth 355 and that's what it's

56:30

going to sell for and the boards didn't change a bit no same house same location

56:36

the roof is still Le supply and demand which So speaking of supply and demand

56:41

we can uh we can probably finish with this I know at one point inventory was a big issue is it still as big of an issue

56:47

oh it's worse really got more way more buyers than than homes oh absolutely so are people just reluctant to actually

56:53

list now because the way that the markets look or or what is it yeah I

56:58

mean that's what a lot that's what a lot of it isy yeah you got some sellers that

57:03

they don't need to sell um and and they're realizing they missed the boat they miss the boat but also to your

57:10

point where they going to go yeah that's Ian you know you're going to unless you're going to build and building's

57:16

almost $300 square foot now so I mean I could still see inventory being an issue I think now I think inventory is

57:23

probably an issue for several reasons like you just mentioned I think the biggest thing though is okay you missed it but also people have like

57:31

had a little bit of time to think and stop being stupid M I've got nowhere to

57:36

go yeah yeah I'll I'll yeah I've got this Equity put 100K in the bank but

57:41

it's just gonna sit there but I can't I can't go get anything I mean the only thing that makes it I don't want to say

57:48

the only thing that make would make you want to sell in this market right now is

57:54

okay I'm going to sell my house m have a large house if you're downsizing yeah yeah because you're going to buy

58:00

something that's cheaper so you're going to have M and so I understand and that's what I'm saying most of my sellers are

58:06

downsizing or they're having to upssize but nobody's just selling to sell right I mean well that happened early on yeah

58:13

people were just selling to sale yeah it doesn't make sense though it doesn't make sense at all no or they're having to relocate because of jobs or whatever

58:20

and they're kind of forced to so you're saying the light at the end of the real estate tunnel is not necessarily going

58:25

to be be um spearheaded by the market coming down you think prices are going

58:31

to remain pretty consistent I think it's going to be dictated by rates I was say I don't I don't think the process will dip right no this this this is not this

58:38

is not a bubble right everybody says well I'm going to wait till the bubble burst this is not a bubble this is life yeah hey speaking of bubbles did y'all

58:44

ever watch that movie it it it's got a lot of language in it but it it was about the burst uh I know Christian Bale

58:52

it's called Big short I've not watched it but I've heard a lot it's a good movie because it's it's a

58:58

it's a historical look at how this housing burst came to be is it like a

59:04

good foreshadowing well I don't know how all has do more like 08 and everything

59:09

doesn't it it was it was the 08 crash it was the 08 crash this guy um the guy that Christian Bale plays he super whiz

59:16

uh mathematically he saw a trend and he saw that there were people uh tons of

59:22

banks loaning far in excess of value yeah and he figured out he was a Sant he

59:28

was a savant and so he started betting on these shorts he started placing money on these shorts because when the bank

59:33

finally needed to call in the note they didn't have it and all these things like it's actually pretty good it's it's a pretty good watch I've heard that it's

59:40

good now I said there's a lot of language in it but like it it is really like it's really cool to watch it's really good so it's not going to be

59:46

prices it's probably going to be rates possible increase in wages from Industries possibly and people like

59:54

looking taking a good solid look at their lifestyle and saying am I supporting a sustainable lifestyle right

1:00:00

now and and a lot of it is and you've heard this statement and I want to clarify this statement um you marry the

1:00:06

home you date the rate we've heard we've heard that statement before so let me be very clear on that yes because that a

1:00:15

lot of Realtors uh use that phrase but we need to be clear on what that means

1:00:23

so marry the house you find the house that you want you buy the house at that interest rate you can always refinance

1:00:29

right not always the case very correct because when you want don't want well

1:00:35

not only that but let's say interest rate does drop to 4% again I don't foresee that happening right but let's

1:00:41

say that it does so to refinance you have to go through the exact same process that you did to buy the

1:00:49

house what happens if somebody gets sick yeah somebody has to quit their job because they get sick what happens if

1:00:56

something happens and you're having to bring Grandma in and they're going to live there and you're having to use your expenses to take care of I was going say

1:01:02

your income has dropped things Chang yep uh you you know anything unforeseen Could Happen your income dropped your

1:01:08

credit score could have dropped like there's all kinds of factors that go into a refund and I don't I'm not I'm

1:01:15

not an advocate of using that terminology uh just because of that yeah

1:01:21

I want to explain to you I life happens I want to be upfront and honest with all of my clients yeah I don't like

1:01:27

deception I don't want when you when it's all said and done I don't want you say well you know you said this or no

1:01:33

right when I come into a listing this drives me berserk it absolutely drives

1:01:40

me berserk and because I mean I see it happen all the time when I go to to a listing

1:01:46

appointment I'll look at the house I'll go through it um in my mind I already

1:01:51

have what I think the house is worth but I don't know because I have it

1:01:56

if it's remod I don't know but based on comps sare footage wise land wise

1:02:01

bedroom bathroom wise I can kind of get close to an idea right and then base that off of what I see when I get there

1:02:07

and so by the time that I leave there most of the time if I have my iPad and

1:02:13

everything with me and service um I can show them the comps and be like this is what your roughly what your house is

1:02:19

worth right so I am a fair proponent of I want to list your house to where it's

1:02:24

going to sell not where it's going to sit and so I go into listing appointments all the time and most

1:02:32

people will bring in a couple of Realtors MH to interview whatever list

1:02:39

over yeah and so I'm going to tell you what the market says your house is going to sell for right and I always tell

1:02:46

people it could sell for a little more it could sell for a little less right but this is where I would list your

1:02:52

house well so and so told me that I could list my house for $50,000 more than that well I'm not in the business

1:02:59

of just putting signs in your yard you sure can I I can let your house

1:03:04

absolutely Ain no rule says you can't list for whatever but it does no good for my sign just to be sitting in your yard and then eventually which is what

1:03:11

we're seeing on jillo realtor and all this is eventually we're going to have to drop your house to the price that I

1:03:17

stated that it was and then it's going to sell right and so so you could have sold their house you know 60 to 90 days

1:03:22

sooner had they been realistic AB absolutely that's fair and I I don't like that deception now have I lost a

1:03:28

lot of listings because of that absolutely well yeah who doesn't want to think that I'm gonna be 50k to the

1:03:33

greater right I could show you right now and I'm not going to not going to say anything like that but I could show you

1:03:39

H houses right now that I went and looked at and I told them what it would sell for uh and somebody else came in

1:03:44

and offer and and promised them the moon and then they finally sold and they

1:03:50

didn't get the moon yeah and you know that's all I'll say about that but I mean but that but that's the case yeah

1:03:55

that happens at happens every day and but I am I'm a time I am a Time

1:04:00

conscious person um it doesn't look good on me to have to drop your house five

1:04:06

times say three or five times and it doesn't work good on me for your house to sit on the market for 90 days when

1:04:13

everybody else's house is selling within selling hot cakes when you hear that there's an inventory problem if you've

1:04:18

got something sitting right now there is a problem yeah it's so yeah so when it

1:04:24

comes to that for all you list listing people out there fixing to sell your house all of our audience who may be in

1:04:31

the the market to sell right this is what you need to know if your house is selling for for sitting for x amount of

1:04:38

days there's three things wrong there's three things that are wrong one it is not marketed correctly right that is a

1:04:44

big thing uh two when I talk about the marketing correctly meaning that um the

1:04:50

photography is not that good photography is one of the most important things I

1:04:56

pay extra to have great photography so it's cool you mention that because a while back here on the podcast we had a

1:05:01

real estate photographer Tyler Frasier um Tyler Tyler does great work uh here in the area but it's cool to hear an

1:05:08

agent to say that yeah that this is something that's important I am not a professional photographer right I pay

1:05:14

out of my own pocket well you don't get paid to be a professional photographer you get paid to sell house no I know

1:05:20

Realtors right now that they are very good skilled photographers yeah if you got the skills absolutely yeah praise

1:05:26

God yeah if you got the skill power to you I don't have those skills I don't do that right and so but if you're going

1:05:31

out there taking it on your you know 2011 Android it just don't work and I see people doing that oh yeah oh yeah I

1:05:37

see some MLS listings and I'm like o yes and this is what I tell mying this house

1:05:43

this is what I tell my sellers if I don't like the pictures on MLS I ain't even going to waste my time and come and look at your house right no now on the

1:05:50

inverse I have seen uh back when we did tour houses um what I would call

1:05:55

deceptive there's been some false adver wait a second hold the phone this is

1:06:01

this is not accurate of this house yes and my goal when selling your home is

1:06:08

I'm trying to get as much foot traffic in that house as possible yeah hands down I tell people this I tell my

1:06:14

listing people this or people that I'm listing their homes for I spend

1:06:20

probably an excess of a th000 maybe more dollars a list

1:06:26

because mared to get professional photography professional walkthroughs professional everything done because I

1:06:34

want to get your house sold as soon as possible for you and for me yeah that looks good on both so I mean when if

1:06:42

your house hasn't sold it's got more than likely there is either poor marketing uh more than likely it may be

1:06:48

a picture thing it may be something like that or the main one is it's overpriced

1:06:53

yeah well it's it's funny too cuz a lot of those factors are are factors that I would dare say the majority of people

1:07:00

unless they talk to you or or even talk to people like us they don't understand how important those little things are

1:07:05

like okay so price is the big issue but those little things certainly add up and and like you know with us being in the

1:07:10

media business I can tell you this like when my house is a wreck you know when

1:07:15

when we've had a couple weeks go by where we're in and out you know there's dishes piled up there's toys all in the floor clothes everywhere right I look at

1:07:22

it I'm like this is a decrepit place but as soon as you clean up and this is where I'll make the point for staging

1:07:28

right the staging of a home is so important uh when it comes to listing

1:07:33

and see that's funny because I'm not a big Stager I don't like staging well stage as in like I'm just saying pick up

1:07:39

like pick up organization Oran you're talking about if you if somebody's already is still living there

1:07:44

organization declutter organization I tell people that if you no I'm not saying bring in an Ashley Furniture

1:07:49

couch I don't like that yeah I don't like that kind of staging uh but now yeah cleanliness when I go to listing

1:07:55

pointment okay what do I need to get need to get my house ready if you have not touched it in 30 days put it in a box put it under the bed that's what I

1:08:01

tell all of them y that's fair if you have not touched it in 30 days put it in a box put it under the bed that's a good advice just for life and general all of

1:08:08

your family pictures take them down yeah all of that they don't want to show identities yeah don't want to show

1:08:13

identities you want to make it as unperson sure as possible because you want people to see themselves in it

1:08:19

exactly that's why I don't like empty houses staging because 90% of buyers

1:08:25

cannot remove your stuff from the house and put their stuff in see that's crazy I would have thought the inverse would

1:08:30

have taken place because I know how people are with like say new construction and stuff they can't walk into like a a framed house and see it

1:08:37

because they don't they can't visually like put the sheetrock in there they can't visually see that light fixture

1:08:43

they can't do that without it being present so I would have been of the camp no you need to have you need to have

1:08:49

some staging in there so that people can get a loose visualization of what their stuff might look like here so the reason

1:08:55

reason that I believe or that I don't recommend stage now if somebody says well you know I want to Stage my house

1:09:00

well that's fine we'll stage it but I don't recommend it okay um but the reason I say that is okay you know what

1:09:06

stuff you already have you know your couch you know your bed you know all of that yeah so it's not as hard when you

1:09:12

already have it and you've lived with it to walk in and put it in a empty room where you would put it now drywall and

1:09:18

stuff like that well these are different walls they're different quote unquote shape different angles different size

1:09:24

room so that's a little different because you're having to add in color you're having to add in all of that but

1:09:29

you already know what color your couch is you already know what size your couch is that's fair that's true I see that

1:09:34

and so it's it's interesting because we've got a buddy who right now is is working

1:09:40

on selling a cabin uh and current listing or current agreement is you know

1:09:48

it it doesn't come furnished right like the furniture is leaving with the sale right you know it doesn't stay well the

1:09:54

people like the furniture yeah so they've so they're trying to negotiate you know purchasing the furniture so

1:09:59

like in that case I would say like okay that was a good thing to have left the furniture in there um you know

1:10:07

but I don't know well I mean a lot of that depends upon okay the Tope of house what you're do what you're doing with

1:10:13

the house so like airbnbs absolutely 9 99.9% of all airbnbs are come completely

1:10:18

furnished when going to say I would consider his cabin like of the Airbnb aesthetic cuz all of the furniture in

1:10:24

there was Cur at for that place that that's different okay it was curated for that place but like I mean most people

1:10:30

when you like let's say you sold your house you like your bed I don't want to get rid of my bed yeah I ain't getting I

1:10:36

mean now I want to get rid of my bed I don't like my bed I don't like my mattress I want a new mattress but most people they like their bed they like

1:10:43

they like their couch they like all these things so you're not getting it I mean cuz I don't want to have to go out

1:10:48

and buy a new one hindsight I I should have bought the hot tub that was at our

1:10:54

house we we've got aot hot tub hook up and I didn't purchase it with the house hot tub oh yeah what were you thinking I

1:10:59

don't know I don't know what were you thinking they're on my back deck you the Big G that that's a hot tub ah yeah no

1:11:07

it ain't actually well it's not now but tell you what ain't there yeah I mean I because now I hot tubs I'm like d g i

1:11:14

could have had that super gep so side note to that and if you have a if you have a competent realtor uh they should

1:11:21

know this uh but for all buyers out there if you are to do that do not put it in the offer

1:11:28

yeah because your loan will not go through yeah wow okay interesting

1:11:34

because mortgage company ain't paying for your hot tub yeah they don't want they don't give a poop about your hot tub they pay for your couch they your

1:11:41

lawn mow your tractor I'll tell you this it didn't go into the paperwork but I I got to acquire uh I can tell you at my

1:11:48

current location uh this deep freezer did not make the journey away it stayed um I I

1:11:55

should have done the same with the hot tub I paid I paid purchase all you want just don't put it in the yeah I paid I

1:12:01

paid the the former owner yeah for that uh in cash I missed I dropped the ball

1:12:06

boys yeah you did I missed the my wife if you like a hot tub which I'm I hot tub love a hot tub when we go on

1:12:13

vacation especially like if me and the wife will take uh weekend trips to Pigeon Forge or we cabins with our

1:12:20

family C cabins and everything like that my wife will not let me get a cabin if it does not have a hot tub good I like

1:12:25

it I'm an AG the most recent cabin that we've been uh staying at with my my in-laws whenever we go we we normally

1:12:31

take about two or three trips a year uh they now have the one that we're that we've started going to it has a hot tub

1:12:37

that's also a lap pool one those endless ones yeah it's an endless but it's also hot tub it'll fit like 47 people in

1:12:44

therey listen I'm I'm I'm a big proponent of the the relaxation I'll sit in there till I turn

1:12:51

a prune I'll take a hot tub over a pool any day every day of the week I have

1:12:58

been educated we've been schooled in a couple of different absolutely absolutely disciplines today

1:13:05

for couple I like that I like that a lot yeah hopefully our viewers and listeners

1:13:11

have gained some knowledge as well I hope you guys got value if you're if you're a WN toe amateur golfer listen or

1:13:18

if you're in the market to buy or sell or sit on your house if You' got aspirations of being a golfer you better

1:13:23

get that handicap down first off uh that's true uh two evidently if you want to go to uh in person see the Masters

1:13:31

it's just a matter of getting drawn so and having a 100 bucks at your disposal whenever your name is called Throw your

1:13:36

name out there um but on the real estate side okay so yeah it's been interesting

1:13:42

to hear that uh rates are probably going to have to be yeah one of the deciding

1:13:47

factors moving forward in regards to affordability Lifestyle Changes also wages doesn't sound like uh doesn't

1:13:53

sound like prices are going down pretty consistent they're staying consistent if anything they'll I mean as things

1:13:59

appreciate yeah they'll go as r as rates go down pric go cause Supply and Dem manal change that's how uh yeah so if

1:14:06

you found any value in this episode uh leave us a review like this video like

1:14:13

the video leave us a review uh leave us a comment or audio if you're audio only like this audio we read them all yeah

1:14:19

and hey even the bad ones if you're in the market for anything real estate buying selling uh reach out to Mr D call

1:14:27

contact inform 423 74729 listen I was going to put it in the descrip say Link in description

1:14:33

below it'll be in audio too go text him call him whatever um yeah Dylan thanks

1:14:39

thanks for coming man apprciate again I've learned a bunch learned a bunch Jared here's the hard part ah well let's

1:14:46

see I was trying to think of a i you put me on the spot dang

1:14:51

it I was trying to think of a good golf bu reference but we'll just see you

1:14:56

later okay I was going to say we'll just bogey on out of here okay that'll work how about that bug out

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Episode 29 - "Film Photography vs Digital Photography" - Part 1

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Episode 27 - "Why Community & Networking Matter" | You can't do it alone