Jan 14, 2017|
House Plans by Countybank Mortgage
Automatically Generated Transcript (may not be 100% accurate)
Hello you listen to house plans JD Nelson. Here. This morning to live to believe it or not we have been gone for. Three or four weeks. Christmas New Year's Christmas parties. It's never been a little bit everything that Chris is actually not in the office today may. I do you have mr. Keith Clark with me today Keith are you good morning good morning I figured Chris would bean plants in this morning M in the they parading claims there's three people nine Clemson. This morning me and into us that's sort of a and I can't speak free I'll Toobin I'm glad I'm not there I've got a client this thing and I were like yeah yeah. Everybody in there was enough that way I gas. It will be testing at the same this morning via. Going to be a lot of to stand there be standing land outside stay out of our singles on Twitter this morning and they were yet there were a ton of people selenium say. But what a football game there was a gay game goes again gained oblige and congratulations to all my closest friends as much as he has to say absolutely. They they deserve it and we all wish the shine a farewell. And only universal. He has yes idea Ayers and don't come back. I think we've had a lot. We've had enough and he is serious sex Carolinas Atlanta seemed we are that's Fisher asked toda ration their riches. A brother in law who worked with the server can only then can I take things hard I'm not be it's and told him I said look you can't focus on man you need to focus on her under house where about what we're doing. Sent in and you guys have a little work to do don't should we gave we gave them much emotional neutered or insert. He's it is it is not will be out work approach that certainly is take your optimistic now. Interestingly enough our remember when Steve Spurrier came to South Carolina he were not as optimistic. Are questioned whether he can get the job done. You know and I ended up in. He actually did a great job in Carolina. The problem wise was to gain passed him. And when I say then about the game itself but the game is recruiting. And yet he just he just you know coming out he had ordered in. They're worried about sophomores and juniors I heard somebody say this week about. Talking about the way he left that they thought that was way out of bounds when he did Galen and aided and believe me warm because he's so yeah among Caroline in the nation so he's building didn't a good record. Of war and Eilat Muhammad did a great job menus they are mean you know as far as a game player gears. I mean. You know back in his day he was his views are why are Clemson fans don't want to hear this what they want here is. The celebration in the states yes it is going to be a celebration it's what a game that I thought daughter you know we always think of the Alabama as a professional football team. Why does -- say yes there is no right to bring me like did you hear we've I watched duke one time in the regionals here yet all I had to get at them and they look like a professional basketball team when they come out yet they gave you an Alabama looks like that but Clinton. Clinton whipped them they did it again the longer win the more chance cause and the wind in my opinion yes you know I could tell. Around the middle third and other countries knew that two minutes laughed at too much was too much yacht totally. What good friend of my closest thing and I think you know way out of Erica when they gain was if he kneeled ailment last touchdown. Elected half yard line but I. And they tried to run in the cotton on the about 45 seconds and then ran AM on third or fourth down and that's the only way you're believed to shine mourn a minute. You know they're going to and the fields or in terms anyway that's the way it worked out but it was a great game watching congratulations to our puts him. I had a a wager on the game passel Alabama would win a cup they would take my hand he was just to launch wager. But anyway it was my idea future brother in all sort of took him to lines. And he said everything looks a little clearer politicos that creates her it is our own at least is gloating I wonder if crowding Chris was going up there today acting Q is. When did I hit some hell's going on in the sands in and not Tampa they had a lot of fans and city people. My brother and all went down he couldn't get to take it. I had a client who went down and he he went to get something needs somebody walking and said next to him and had one ticket line now any pay was 600 somebody got it for face that. I'm not that this period in a lucky pressure. So and innuendo we're glad to be back we are gonna talk a little real estate today. The final numbers are. Are the victim a final numbers that we are urged him are our talk a little bit about that talk about the forecast in the 2017. Has some great news to share for. New program accounting bank will be offering. To a lot of our clients which you really need to listen in to this should be really did some more than just a program multiple programs possible lemons into Larry underneath underneath one brand Betty is alias six or seven different. Benefit yeah we're pretty excited about it so I anyway if you got a question or comment give us a ring this morning the phone lines are open. 86644. Twos seventy fat 53 that's 866. Four or 270 fast 53 to text line is open as well. As 71307. So either college or shoot is attacked we love to hear from me and will be back right after this. That's right. Welcome back the house plans JD Nelson here with county bank mortgage. Keith Clark here with the buyer's broker we are taking your questions or comments feel free to give us a ring. 8664427. The fat 53. Or she is a text at seven win three or seven by lines and Tex lines are open. We are glad to be back here in this new year of 2017. I appreciate our listeners and callers from last year in. You keep a thought to be probably a good idea since this is our first show of 2017. May put a battle 2016. And you know the down another great year in real estate here in the state records another record here yeah and you know one of the things that jumped out to me did our. Little boring had only carry bank yesterday. We get together we are kind of talking about near wrapping up the year and into different things and you know one of the things that really jumped out to me in and you have some analysis that you like this year as well. But when you look at the sold its volume in 2012. You know one point three billion. And you look at the sold from last year two point almost six million. Yeah it almost went to double us remarking in in in volume and that's and that's an unbelievable number to me distant for five years. For yet here is who is very. Interest staying in their courses take font shared a lot of reasons but it's if the primary function is that interest rates were so alive. People were able to buy so much more house and then the total volume of purchase. Just rose dramatically. Ian and really. Does serve good that's I don't know if it's a good unintended consequence sore right. You know in the long term these aberrations sees unintended consequences. Generally speaking are not healthy overall. For the market because a marketplace works most efficiently. When I'm. Repeated by incentives and or government to right. Meddling if you will. Yeah right well I thought it was I thought it was a great year I think I think you are much actually a little stronger techies sit 6% mania. In the W seven almost 8% which is pretty amazing out seven point eight. Lot of sold in December Nam 33 Aminu is just a lot of positive momentum heading into this year. There is but but again we probably will see a little bit of all the predictions. All the national. Conversation. Is a batting at the rate of increase slowing a little bit here these liar says that we don't seem quite so much. Appreciation or demand now having said that. We've got a couple of new builders and tam production builders that are common on the land. But look at the inventory JD yeah people out of 4000 this never I've never seen it even close. And that number so very surprising. In a little bit distressing railing put us. I think it's I think it's great that. You know. The market itself has recovered so. Greatly. You know a bit but like you said in an inventory I tell you one of the things I think the low inventories really pushed. Fed up had a half dozen conversations with. People who are are you know either already doing their on the construction road or getting ready to start the construction right. The builders around here got to be loving it I mean it seems like a lot of people can't find what they want it in a decided to build. It's. Absolutely and Betty and that is JD a function of Lehman toward. You know it's a function of the right George if I can't find and what I want to know what I need. Then why don't I just build and then of course just building presents some. Challenges that. That. There are more that are more. Difficult to get away is the end UN Tisza. It's not as easy is their right thinks it's not impact. I don't say they know how to say that well I say just every in in this may not be butcher currently about you know every husband and wife becomes insisted on me was talking about the financing peace and I construction thing innocent limited Ian eagle need to worry about the financial. What you need to worry about his relationship you guys have with each other guys that this is going to be a strain over the next hundred older of course yeah of course. Anyway but you know one of the things it really just after meaning you look at 2012 that was an upward tree and 2013. You know eight and a half percent 201413%. 2000 feasting your every year is gone. In almost almost double digits each year army at least 8% each year. In an engine support came on the air was thinking JD to listen it is it the market turned down more ingrained old. In November of 2070. Now it turned everywhere else earlier we were late to that yeah. But it went down five years and now we're out of it yeah more than five years and amazingly it is. Sent blood being edged thing going on I think in the new year you know. I remember one of those years we said we're gonna sell when morehouse Grasso winless house have. Expect and again and increase method is going to be more than 2% range again you know maybe a little more in just one house is tongue in cheek but now while. Talking about is the number of transactions not to me right Christ you're right that will will expect to see continued appreciation. Although their bill little bit headwinds and obviously interest rates are gonna we're expecting us the Fed yet Tim. To do 33. Rate increases this year. I don't necessarily mean long term mortgage rates will be affected great pride that at the same time. The the baby boomers in the milling meals will drive the market over the next next year. Yeah I think they really it was ten years really now I agree with you there's a lot of them out there and there's a lot of mini divine in and you know interest rates are still good. Your thirty year fixed you're still looking at around 4% may be just north of that. Touring your face is still south of 4% you can get that has threes and of course to fifteen years in the low to mid Teresa there's still a lot of opportunities out there. On both for refinancing and buying him back but. You know we are expecting racist sort of they flattened out at this will not push up upward since the election. They have sort of flattened out here in the last couple weeks I'm expecting it to sort of stay in that range. Maybe a little bit will they dale you get that little you know I don't know the rules there are. But I don't expect them to go up too terribly much in the next year. But I think they won't be more of an upward trend and then in downward trend pressure. So it will be interesting to see you know how that shakes out now. In 2017. So yeah we talk about the millennial skis obviously a lot of first time homebuyers in that group and you know be very itching to see. I think just for the production builders are really sort of investing their money. Me and waiting on those guys games in the gains. Yes thing you know they adjust their price. Point based on the the majority. Of purchasers what they're they're capable of purchasing. And you know during the very very low interest rates. We are seeing a lot of production homes and that 250 to 375 right. That's probably gonna come down a little bit yeah where we see more production homes and it. Maybe 225. To 350 range yet verses that power in because you can bass you know when interest rates were 3% income maulana house he had it right so will Salem but a change there. Yep so what does so tell me what you think about 2017. As far as predictions Gary are you agree with me that. 2% increase maybe I am yeah I'm a readjustment really is where we are again. And I think I think are increasing number of transactions. Will be we told about this last year. This really a function of the migration of people to the upstate particularly its South Carolina and the states in the southeast. Here because we have we're gonna continue to have a net gain in population has that. Right migration a baby boomers occur. That's hilarious what are Fred traffickers are pretty true out its its going on with the present ideas on why her indeed seeking a we have so many people mean. I'm taken. Two or three transactions that well you're involved in a few of them today. People that we're moving here from Massachusetts behind me here from you know Connecticut people living here for Illinois. Lot of people moving here to the Greenville area for a lot of different reasons right now some have relocation job relocations some Summers is relocating and find a job when they get here. Well we hit we always had a strong corporate market grind we always have had. The corporate relocation is a big segment of our. Have our real estate market but what we're seeing now is people moving. From all over the country the baby boomers that drug retiring. And I solve. I don't know on television or the web where grain will hand. Sixteen. There. National. Articles. Written about it during the last year wow publication it's amazing. Oh brutal South Carolina as Yahoo! would it's not clear. So I was pretty amazing wealthy got a question or comment we love to hear from me this morning give us a ring an 866. For four to seventy fat 53 again that's 86644270. Fast 53. And of course if you got a text that you like a sinister feel free to shoot dead over 713 or seven but the takes planning and phone lines are open. I got told to keep everybody's in close and so we're just talking to each other and into those listen in so. Let's talk about the baby boomers and Montauk Amanda well we can't what are they gonna do next year well I had a guy Taylor won I'm gonna do when I was gonna sell us out. That antimatter is having eight days yeah yeah less than nineteen. Less than 90 out me I am one of those baby boomers who yes. Right sizing rail here so I'll be selling my home and there's been into a town house. Yeah first quarter of milliseconds. Quarter chair and Roubini finance and the escape cussing and saying that's right that's right. And you're seeing that a lot what what what about the I think the real conversation JD is the millenniums what are you gonna do a fact I think I said baby boomers. But what I meant was. What are the millennia it's gonna Dave because you know it. Statistically there is large is the baby boomers in terms of popular no I didn't know that yeah yeah so they are back in the gang. They are they're maturing a little bit and deciding that homeownership is. Is something that they should participating and well I'm excited about you're about to mature maturation of the outgoing almost always be positive as Olivia. Yes and so they're realizing that. That. It may be banner house is not such a bad thing right so let's get the gang. In the in the equation becomes. You know what is their philosophy. Going to be is going to be the suburbs is going to be the CD is going to be big he's going to be smalls are going to be renovated is going to be. By and moving conditioned. What what tell what are they looking for were they thinking about compromising on right in so who that there the articles evaporated. Said that they're going to be a little bit flexible they're going to be a little bit yeah we'll talk about that a little bit. Don't do that for sure we got our first caller on the while we get Clifford on the ferry and this LA Clifford are you. Tomorrow. Are you doing today. Around you're the greatest Belmont house but who are on story a lot on modern du lac. Would you grade so much out been remark hurt how hard is it to get a reconstruction alone already. How it was built it fifty. Com. Not very hard you know the renovation plan is not as easy as a standard go out find a house put a down payment on a gate thirty year faced the on ice crew ideal. The different pieces that you have to think about our number in mind. Have a specific plans and and what exactly are you gonna do as square footage. From. You know read or heard us say that again. As square footage. Yet talked to us a little bit about that so you're gonna sell years are you gonna need to running improvements in preparation for selling Clifford or you are. Little bit but not much. Just so you can do some cosmetic improvements pitcher on the market yet take got out of there. Under territory now under where it is at the two Bartlett. Or about forty full basement two car brought to underneath that element out this way too big. Yeah are you gonna order did you inherit. The hat your mother's house are you gonna have to back purchaser. Earliest that we are. Apart every kerosene gonna have a third equity OK and then tell me a little bit about the renovations that you plan on doing. Patton. As a master bath. In order in the bedroom Georgian kitchen okay now sounds great probably had the victory on the intrepid to up forty to the back out. Yet Vanessa this'll be your primary residence. Yes okay. I'm typically don't know renovation loan you're going to be looking in 80% of improved value okay. So when you got your plans suspects. We're gonna have an appraiser come out and let's just say it is worth a 115 now. Your Clinton fifty intuit is going to be worth Tutu when he at the end of the day or something and candid camera present. You know we're gonna take as improved after the improvements are dying. Subject to appraisal and we're gonna live up to 80% of that now obviously part of the money's gonna need to go to the other two thirds. About a house from him you get to figure out how much the cost is going to be after talking to a contractor. Give them money and just got to do your math and figure out okay how much can a bar and you're selling your house you can have some money coming in from that side. Well here come. How it or praised the war between 230. Who ordered the army and I look underdog that probably don't have you know come now with Arkin. Do without. Foreign and all of a construction all yup yup okay I'm. Think it would be interest rates that they or what you know interest rates compared to paint carousel yeah what. Thank god put your good listener getting it into a bottoming Aubrayo hold on tight I would come to your right after the break okay. Listen to this health plans will be back residents. Welcome back you listen and house plans JD Nelson here from Kenny main mortgage Keith Clark here with the buyer's broker. We are taking your phone calls and text 866442. 7553. Or feel free to text dissent at seven point 30% and so Keith we do have a text question we're ready get to and only give back. To our our caller that called in regards to the renovation. Com how do you seek Kiel week key as a development going forward. As far as values going up or down a key week key. Firemen were right has had some. Hasn't had the appreciation of the year. That may be some of the areas and of state it has an MI correct in saying. Generally speaking there would be true now having said that I think we wanna talk about it in the context of the last ten years but is coming we do have to go back before he got hurt pre. Three downturn. That would be a different conversation right but most of the homes and MR IQ we key were probably built 4045. Years ago I would I. And maybe the appreciation during the upswing has not been. What it was here but you say gracefully is a little bit of a unique market. So hard and that the immediate gringo proper market has returned nicely but when you go into the parade feel areas. I. A return to pre downturn levels rise we have had. In the Greenville proper area there nail well at late Kiel week that the lake front crop property. And the like kiwi has done fairly well. But that interior lives. Have not returned to break pre downturn level impact did that activity. In that area just has not too. Return to what it was during the pre down right where right where in the upstate we've reach reach achieve that is. Yes you know escape Willis and only give back to the renovation question that we had as well right before the break. Took some information from him now before Clifford Clifford yet. Here's a situation Asia's primary residence now I think it's worth. You're you're forty to fifty liters a hundred on the house he's gonna clear. You know 120 your 130 on his current house when its sales tank. The house that he is going to build is about 11100 square feet region renovate it's got 11100 square feet he's gonna add about 750. He's not sure what it will prays for but we think it will be somewhere in the wind 75 range probably with teased and okay. So. He's got to pay out forty. To the other two that. They're third in the house says you. Long and short of it is yes. He nearly 40000 yen to get rid of adding he's gonna have to speed and he's not a 100% sure how much he's gonna have to stand it. In looking at the numbers it looks like to me and he's gonna have enough money. In order to put down to do the renovation on the reliance on any improvement right I'm not sure he's really gonna need a renovation alliant here's what my suggestion would be. If I was Clifford when Howard Dean. Is young he needs to get equity out of his current her room in order to do the renovation. You've also got to factory and a Kate what am I gonna moving in again in my old house and trying to sell it. How are probably taught us about idea equity lines around his current primary residence he could probably get somewhere in the neck somewhere around a 100000. And as far as an equity line goes use that money for the renovation. Of the new house finished he's the forty plus sixty. You know I think that probably be enough if you need a little bit more you can probably get a little more on the equity line. And then turn around and use a mind of the finished a new house and then moving in and enlist the old house that way don't have to worry about two news and trying to move in while renovations going on and all that is to me just probably the easiest way. And down that makes it easy day it doesn't make any Xenia and he's got enough money in this current primary here enough equity I should say. Tora I think he can pull the cash out. Was an equity line in and down. You're just pay interest on your money in the meantime in you might sell your house is six very much aware of you know worst cases. Yet and that sounds like a great plane domain now on the real estate sad JD. What I would do is encourage him to sit down and talked to someone. Or do some research on return on investment right OK because. What he's gonna do is and square footage by adding master bedroom and bath by the way the bans being a very expensive. Part of the renovation. In many talked about renovating the kitchen which is the most expensive part of the renovation told you wanna map but now I know exactly what is gonna calls. Be careful because these things have a tendency to get away from me. When you you you you think you're gonna spend 3500 on classes in years end up spending 65 yeah exactly it's very easy to do while ESCO Hindu that were bored do and it wanna go ahead and instead beginning. The fifteen dollar yard carpet list is thirty dollar an hour right here yeah so it's it's quite easy did during their five levels I think. Of granite you know you give back granite for thirty about dollars a square footer I have 430 borrowers right. Or or or quartz what every Saturday share but I would say do a better researcher on return on investment Trout have to be used some. Discipline. In terms of changing to make sure it matches the neighborhood make sure crisis over bail on ever built for the neighborhood is a very important part. Of renovating and had standing square for it. Saying it Clifford said was most of the houses are not going to be as nice as what he's getting ready to bailed. And didn't telling nowhere on the phone Beth thought of exactly what you just said don't overbilled. You know I'm rusher this is inning neighborhood or distant area are you know what I'm talking mouse yeah I think it's in the blue ridge serious I don't think that is in the neighborhood police say the. And of course and that's applicable to the conversation I just just hand the further out he geared of course that lowered the median price ride lower than activity. Now then sound like Clifford plans omens and mini camps and an SOS here but but having said that those are famous last words take you know what's your probability. The very first thing I talked to a client about is how long do you think you're going to be in his house right what is the probability be being relocated or outgrowing their house. So you wanna think about all those things. But 'cause day here it's an investment right now. He looks like hey this is this is perfect scenario for our family right but don't let the fact amidst the primary. Investment. Of your portfolio. Don't don't let that get away from his. We'll Clifford what I would tell you is if you have a question about anything that we talked about or would like to go into more detail. Feel free to email me ask JD accounting they mortgaged dot com that's AS KJD and county bank mortgage dot com. And I can hook yet with the right person to talk to as far as an equity lying goes if you wanna go ahead and says that does he have the money basically ready to go to do the renovation. Or talk a little bit more about the renovation learn yourself if you decide to go down that road and in just talk a little bit more about your goals and to this would love to. Touchy about that he'll be out in that regard pressures and anyway it's say the renovation is always a now there's these times like Saturday prior yes they have to really be careful about. You know what you're looking to do to make sure you had your goals and objectives like you said key that's probably the most important factor. Of all of them for shirts and met an all out up front Clifford. So lucky what he's seen so far. I mean here we are halfway through January our radio matters to you are you see NI activities. It is JD you know what I found interesting is that that it started immediately I'm talking about. Daily and your New Year's yeah yeah there's a lot of activity and I've got a client is a liquidating some property. In the activity on his investment properties. Has just been phenomenal after its first in the years. Amazing you know that's one of the things you know we always slow day on around Christmas time in India you wonder how long it's gonna take carrying gear back up. In January and I noticed the same thing it was a lot of quick. And Nike said January the second activity people outlook and rooms and and you'll pre qualification that we were doing things like that seem to be a lot of that. A lot quicker this year. Not the best gonna spell out over the entire year but I just think it's a lot of the people who maybe didn't find what they wanted last year. In they're trying to get out to interfere solar interest rates gonna ask what's that the sense of urgency. For first quarter his charity the air yet so anyway. In we variation and see how it shakes out we'll listen when we come back from our break up got some great news to share. That everyone needs a listen to that may be looking to buy a house. Tom Kelley based getting new affordable housing program that I'm gonna share. And we're giving away money Keith I saw all that did he you're giving away money that they should be staying in the mainland for they should be listening to us in the house plans. Give us a ring and a 6644270. Bass 53. Or Iraq texas' 71307. Will be back right after this. Welcome back you're listened to house plans JD Nelson here from Kenny buying mortgage Keith Clark is here from the buyer's broker we appreciate our listeners textures and collars. 86644. Twos seventy fast 53 is a phone number 71307. Is he takes line. So feel free to call or text if you have inkling. We talk a little bit about 2016. Rapid out they head into 2017. And of course I've got some information award this year. Today from. Kelly bank is actually a member of the Federal Home Loan Bank out of Atlanta. Imus based game group of banks and and they offer some mortgage products and things of that nature of the what are the things that we're gonna offer Keith. They've got seven very different programs we're gonna offer about three or forums start out. But he great you know we are talking about millennial heading into the New Year's worlds you know the first time homebuyers and is Sarah and we got some free money. That we're going to be given way to. Say that JD NM a little bit suppressed I know so I I'm interest in hearing the details but. Really I would rather that you not talk about that this only air and just make it available to me in a few in my offering up. I. Well tale fortunately that worked that way doesn't work that way but you could qualify but I don't I don't know that well and grabbed her around me I'm talking about. Clients' brands and well let me tell you this a K is. Basically it's a is an affordable housing program ranked. And now what we're gonna do is any first time home buyer okay. So that means anyone who has not owned a home in three years Jay this is the first program uncle talked about here. You have to have played median income of 80% of live or less in Greeneville. Probably going to be somewhere around 40000 a year act combined household a combined household income. If you make 40000 or less per year combined household income. All you're gonna need in you can do this for conventional irons FHA a nearly any type of Oakland. You put a thousand dollars into the deal we're gonna give you the house in and sing right now compiling them and now here's what we're gonna do OK so let's say some leaders and the as a 100000 dollar him. In all they have is a thousand dollars today we're onto an ethic Jalen. Will give them Tony 500 okay basically taking you through the down payment. And that we're gonna give him another Torii 500 that they can use torture closing costs today or. They can use it for principle you can put is all down payment of the seller paid because it costs you or whatever okay. No money JD desist these kind of brings you back to the the old FHA died a little bit right now there was a time when you can ban FHA ease and FHA would. Just 500 in the deal I mean how Seattle's. Yes but that that went away for quite awhile it is saying that and ends in a number of years out and the of the beauty of this yet again get to do a little bit counseling is like a one hour counseling session on with iron whatever bit. You know someone's gonna hand you five orient. Fourth an hour now this one has nudged no strings attach well he's an animal in the house for at least five years I. Every year that goes back it's a thousand dollars that you don't have to pay back if you stay for five years you'll have to pay Juniata package goes away OK you know what then this reminds me of a the program that we had. Right during the downturn you remember in 2008. Yes in order to spur the market. The government did something similar to this so guys credit that is it was credit that's right yeah this is actually they gave you a credit on your. This closing statement is recorded as a second mortgage business sickest of forgive mobile second mortgage percentage goes away so. That's the first time home buyer program great opportunity. Should be great now this is one and I'm really excited about is caught our community partner program. They basically any. Law enforcement. Educator firefighter health care worker. First responders. This can be first time homebuyers or 91 time homebuyers. They put up 15100 into the deal will give them Cindy found yet that that sounds like that that talent to tie. 7500 dollar skis can you believe them and they just get money aren't so. Yeah I think it's going to be great one of the things that we're gonna do is really gonna go out and talk to a lot of our firefighters. Talked to some the police that we have. Educators your teachers. You know how many first time homebuyers they have 91 time home buyers to we have. It can be a single teacher or fire firemen or police or whoever they can be Miree whatever. That you know maybe hasn't saved quite enough for down payment. EM I will give fifteen you get fifteen we'll give you 7500 dollar same deal. Is always stay in house five years you don't have to pay him back. You know that's a great opportunities in its interest rates when they aren't really make a big difference you're sure Italian. And what it cost you but how much you can ban yeah that's right the last when I was gonna tell you about there's a couple other programs fellow's been you know a whole lot of time here bit. We have a foreclosure recovery program okay. Beanie whom that is a foreclosure. Of a member institution of the Federal Home Loan Bank most of the banks around here are members okay. If they have a foreclosure hurling down on the market and you put in a contract okay. Because reports 3000 dollars into the deal they can beat her down payment. You know. We're gonna give him fifteen. Now I don't understand that explain next time so here's the deal okay let's say 85 and a house is a 200000 dollar foreclosure content and on the customer you almost two needs to put it lease it again do a conventional and they need to put at least 101000 dollars in his deal tonight you know down payment yeah they're gonna put story. I Cellini seven more well we're gonna give them fifteen so they can use that seven to finalize their rest of their down payment. So that would be 5% Salem they've got eight more to play with maybe three goes to closing costs. The other files might go to pay all the upfront. Palm's just there he selects money he likes money yeah same deal stay in the house for five years. Don't have to pay it back well. I mean SA great opportunity in order to have more information about this here and they kind of racist thing I mean a not 150000 dollars that's 10% of the so it's a huge. As huge. The order to share more information. About this in the coming weeks we are about one or two weeks away from. Really launch in this programming in Indian full bore so we're excited about that but. You know free of our real estate agents. They're listening out there any of our first time homebuyers are listening out there. That may have salon that falls into this. You know type of situation. They need to call counting banker just email me and ask JD can anybody mortgage dot com. I TV all the details on it in in I've already got one one buyer came in this week. They fit perfectly into the first time home buyer product. And if what do you have to get a wealth had to say he's gonna take them from not being able about a nine diamond ma Lan and their schools yeah we're we're very excited about that should be. Easier easy gonna grow until they ran out of money or is is something that they can no he's here in the hazard to a stop they'd only is she at or well it. I sedition annual deal we actually have a billion dollars to give a holiday season as captain Mahan and thanks so. Yet if we can do half of that will be excited young man million dollars as it is a lot of money saying. We've got a million dollars that we're gonna give away and and hopefully we can I give every dollar away I think it would be outstanding center. We may have to have once we get started we may have to have a monthly update on him well that's what I. Gonna say JD that maybe they can email you when you guys can publish it may be a little newsletter email with. Parameters in the details and so there's listeners they wanna know more they can Chichi and email and you can. I send them the detail. Strike. Would hope takes question here Keith. It says I owed an acre or two and they local growing area. And although there is a house on it the value is really in going and so ourselves like he's yet to baker plan got a house voted for the house and maybe not worth that much more and I. What can I do to increase the land values. That's a am. Kind of an open ending quest and I had the answer to the idea well go ahead go ahead. Actually if if you're selling going and what we're talking about is what is the highest and best piece of that land. And says this the the characteristic of the lane and it will determine its highest embassies. Is dissolving of going and how he's his own so is. I'm most of the tam. Property did his own commercial sales for premium compared to property they write be divided. Into. Residential lots so residential zoning might be iffy iffy it was a homes for. Josh are two when he fast yeah I think he's a category. And you can give it rezone tell our team and they need to win that the property would yield more watts per acre right and go or if it was all residential and could these own Green Zone commercially. Then that would probably change the value set right. Now we don't have a lot of information about the property but I this is where it is the first thing that occurs to me zoning would be the key here yet. So maybe they can Texas back in and out let us know a little bit about name you can find them by the way on the candy website if you go to live to the canning web site. Look at your property it'll tell you what is zoned. One right center of the NSA and that's an important piece. Of the puzzle for shares saying. Anyway we'll Keith I think it's going to be a a great year we're really looking forward to. Seeing what 2017. Holds a tea there's no place I'd rather be in the upstate. Heading into heading into the new year there's a lot of optimism in the should be. We talk about the millennial see your company and we talked about a you know a lot of local Miller's I think you'll you'll see some local moos. Going on of course a lot of relocation into the green evil theory is still amazing to me how many people work. Our look in the called green home yet again to Atlanta they get to Charlotte they stopping Greenville. And they love it you know that kind of thing so be very. If it is going to be Goodyear the I think that our biggest challenge this year will be the construction on the 38580 fab project yeah will be have a little bit of a headache this year. But that the growth in the downtown market. What the sea is has done to make her quality of life banners some with some would argue a little bit about that but I'm still Linda. They can't they appreciates what they're doing absolutely no I think this is outstanding I mean that's a huge. JD is wide open them and always. Griese I mean if cranes having how it down had to get downtown for closing to lower losses downtown. And now I was amazed. At how many there's certainly every time I hear it and that is senator Randy paternity. My EM my nephew owns methodical coffee yet you know where Natalee is shot and is down there. And they want them to let magazine drink them the best coffee shop in America no kidding yet team I think it's cold in the matches thing oh all time. I mean great loses its sits on the map it is on the map. It is so anyway. We'll listen we appreciate our techsters I don't callers and listeners. I hope everyone has they had great weekend out there though a lot of people or are gearing up for the new year and we appreciate that. I appreciate everybody who called in last year in and participated we're glad to be back in the saddle. Here after a three or four week break here between snow and Christmas and everything. Say it and say jedi can and Greg congratulations. Clinton say daddy. Say good day Greg you elation mr. teicher should. I have ever get time out there today and remember. Everything and be in the past to just say we'll hear anymore about it and so I'm anyway November as a currency next week.