AI Tools Meet Real Estate Media as Stanislaus County Sales Keep Moving

I was like uh Good morning everybody. I'm at Parkco with Mike Kelly Real Estate Jerky Daily. We're just going over our new website real estate jerky. com. Go there and check it out. Real estate jerky. com. Yeah, it's uh both shows. Everything's there. Everything we talk about. Yeah, finally in one place. It's amazing what we can do now or I can do now. What you can do now with all that AI stuff. Yeah, well with it. It does take somebody to write a prompt and tell it what you want and do more than just You got to know you got to know what you want. Yeah. What you want what you really really want. That's correct. That's an important part of it. It is. And what you you know what people we had to talk with the radio show and what they want us to do and so that's what we're doing.

And it was done. Yeah, it took it had about 27 seconds to do it. No, that one took hours cuz I had to keep telling it what to do. What to do? Yeah. Well, what's nice is ChatGPT now will actually create websites for you. You'll link it and then the website most people will go, whoa, what do I do when it's created? Yeah, that is a big piece. Cuz you got to connect it. They they now connect through another service to build them out for you. But they and then also Opus Clips that I use to cut up shorts now will connect directly to ChatGPT. So yeah, and and I created our uh uh what was it? I'll show let me show our little um Do it. Share screen. Uh I don't have the page up yet. Let me go over here.

Anyway, once you show the numbers I'll show the numbers for today. I'm surprised we uh we jumped up on our closings. Oh, wrong page. I'm an idiot. Okay, hold on. Oop, remove that, add this. Dum dum dum. Come on. Share the screen. Nope. Nope. Yep. Share with audio. There we go. Ugh, what a day. Look at that. We were at 158 closings yesterday. We're at 171 today. So what is that? Oh, there's a sound. That was just us. Only us could hear that. Yeah, okay. It is a cool song. Um what was it? 13 new closings over the over the evening. Uh pending sales 371. Yesterday we were at 378 and 873 listings. So that's pretty good. What were we yesterday? 868, 871? Uh you're telling you're telling the story. Somewhere around there.

I I just told it. Um my voice sounds funny today. No, it sounds like that everyday. Oh. Anyway, that that's the fact jack. Um we're we're probably going to reach what is today? Today's the 22nd? Uh we'll be in the 250s. We won't be in the 300s like we were in February, March, right? Mhm. So things are a little bit slower but still active. I didn't do that. I did. Okay. Oh, I don't want to remove at the stage. I want to remove this. There we go there. Add to stage. All right, so there's our new website. Uh gives you something to chew on. It has our community corner. Notice how Ed made me look about 20 years younger. You know, it's it I just changed your polo. The best part I like this part right here.

That is pretty cool. It's time for real estate jerky. Your home, your money, your questions, straight answers with a little less fluff and a lot more bite. With your hosts, mortgage expert, MBA Navy veteran, and president of Loan Squad at Parkco, the man who can explain a closing disclosure without putting you to sleep, and real estate expert, Mike Kelly. He knows the market, the neighborhoods, and where the weird smell is coming from. We always give you something to chew on. No foam, no filler, just the stuff nobody tells you at open houses. Real estate jerky is on. website and they can watch it. But what what I liked about it is I actually created that sizzle reel through ChatGPT. Brilliant.

Yeah, that's what was so cool about it. I created the song at Suno, S U N O. Yeah, I I checked that out yesterday after you sent me the song. That's an interesting site. Yeah, so um and then this just breaks down everything and us and our history, everything about real estate jerky and us. Yeah. So what's cool about it is now we can tell people when they go there um we will have mortgage stuff on there. We will have the stuff we talk about here will have on there also. Um so that you can go to one place and find everything. Um cuz because they're at telling us to get more sponsors for the radio show and so now we needed to show that we have a show that what we do. And a site where people can go and see.

And then support. The big thing that was nice is there's so many things out there to connect to. It's pretty cool cuz our community corner which talks about local events actually is set up to grab the local events without you and I having to do it. And then if your event's not on there, you can go get it added. Yeah. Which is very very cool. Yeah, so if you look here like right now we have the B&B mixer Hispanic Heritage Month here. Then you have edible app extragant Come on, help me out. Extravaganza. Thank you. But the biggest thing there was a um there was a local event. Look at the Prospect Theater. Yeah, that was in there but there was like another there it is. There's a backyard benefit concert.

Oh, cool. Yeah. Now I got to see it. Is it putting that on? No, it's something totally different. I thought maybe it was putting Yep, it's on there twice. I told it to make sure it didn't do that but what are you going to do? There's a Bunco event too. What's a Bunco Bunco? Uh it's a dice game. Oh, got you. So that's just the local stuff and you can add your stuff on there and you if you want to get this stuff regularly our our actual newsletter you just sign up and we'll get it to you. Yeah, I should say it's a dice and drinking game. It's a fun game. Yeah, it's a fun game. Fun guy. All right, so what do I have for today besides that? We have uh the where are our numbers right now? The Dow was was down most of the day.

Nasdaq's up. Um come on you. Wake up you guys. Well, I know ADP. I'll get an ADP while this is waking up uh over here. Let me go back. Wow. Dow's down two 303 now. Well, thank you for that. I appreciate that. Yeah. Yeah, and the and the 10-year was actually getting better but for some reason it does not want to tell me what the numbers are. I'll be damned. There we go. Uh the 10-year is actually up two basis point now at 4. 9736 and the rates are worse by one basis point. Do we really care? No, we don't. No, just move forward. Just move forward. Buy the property. Don't stretch yourself too far other than here's the words of wisdom. Can I finish my stuff or you just going to keep talking? I'm just going to keep on talking.

Stretch yourself. All right, so this is episode 638. Can you believe that of this real estate jerky daily? That's amazing. Uh basically the bond like we talk about just everything's flat right now. Oil and Iran, that's huge, right? NBS uh we're looking at 93 WTI is at 93. 50. Um Bloomberg overnight had WTI near 96. Brent settling just above 100 on Monday. Long story short, what's going on is there's a story that Saudi tankers loading in the Gulf today. It's the pipeline, the East to West pipeline. So they're the problem not really the problem but the thing has been the fact that there's more oil getting out there than what they've been saying. Yeah. That's the big deal. So and Iran said this morning that they would reopen the Strait of Hormuz within a week if the US lifts its naval blockade.

Why don't you open it up and then we'll do that. Additionally, the Iran president is flying to New York to the UN and there could be a direct talks between the US and Iran this week adding to optimism. However, uh there was the other people in Iran saying that we don't agree to this. You mean IRGC? Yeah. The Iran's own hardliners are already saying a direct meeting is unacceptable. Well. So prices hope but not a deal. What are you going to do? Yeah, so the problem is they don't really know who the if this president has any power and he probably doesn't. That's why he's being able to fly somewhere. Think about it. If he had if he had power, they'd be worried about him being taken care of. Yeah.

Yeah, you go and have your conversation. You just go on and do it. There's no builder report today, inventory, nothing there. ADP, there we go. ADP reported that on average there were 20,000 jobs created per week over the previous four weeks, which is an increase from 16,250 jobs in the previous report. That could actually show about 80,000 jobs created over the full month, which is stronger than the recent filings in the past. So that is saying basically the job market is good. And that's what we've been looking at. I had somebody make a little comment against that. Who the hell's listening to this shit? And I said to the guy, I guess you did. We'll see what he says afterwards. Yeah. Well, he did.

He had to listen to it to to make a comment. Yeah. To make a comment. This shit. Yeah, it's like the uh the trolls on uh what we Yeah, but you got to love them because they're the only ones that get your algorithm moving. Cuz the people who love you, they maybe occasionally will do something. Well, make a comment but the ones that are are brave enough sitting in their computer chair while they've got the lotion and a uh uh anchor chair in their hand. No. All right, so there's uh so we're going to use Last week we talked about weird stories. Well, didn't have any weird stories today but uh HGTV premieres a show called House Shock. Um it starts today uh at 6:00 p. m. our time and then it's will stream on HBO Max.

I don't understand all that but it's the premise is your spouse, your kids, your neighbors nominate you, then a design team sneaks into your house and renovates the whole room without you knowing. Okay. Uh cover stories, distraction and the works. The tension is whether they get caught. I'm like this is just a stupid show already. What are you going to do? Come in and do your bathroom and your kitchen or they're going to just do a bedroom? And then you're shocked. Right? Yeah, it's like Oh my gosh, this is so cool. I can't even believe you guys did this. I didn't get caught. It's it's kind of like that old uh overhauling. Overhauling. Oh yeah, yeah. Well, that's Bunco one where they would steal the car and or something would happen and that was decent because that was good but I yeah, I just Do we need another one of these?

I I like the one where they had showed all the horrible houses and then they would remodel one of them. I think they should just show all the horrible houses and not renovate any of them and just to show how bad the houses are out there and what people deal with. Holy there there's some there's some zingers. Some zingers. Hey, what else you got? That's it. That's all I want. I want to talk about an insurance issue that I had yesterday. Uh actually you still have. Yeah. It's a current issue. So what what you're going to tell we one of the statement is always do not put a water claim in on your house ever. Ever. But but but I know um especially when you're a general contractor and and you probably got access to enough people to be able to take care of it but I guess it was a fairly big water leak and um a claim was made in April 8th of 2021.

Well, there's a clue report that stays that follows your property, stays with the property that insurance companies look at. And according to insurance companies, the claim should drop off the clue report after a five-year period. Well, April 2021 to April of 2026, I don't know every which way I do the math, um says that's five years. So here we are in September. The claim is still on the clue report and talking to an insurance agent. What is a clue report? A clue report Name, what does it stand for? Uh I couldn't tell you cuz I don't have a clue and I don't think they do either. Um it's probably certification with loans and undergarments exterior. I don't know. Yeah, but you do that that to me all the time so I thought I'd give it back.

Yeah, I'm glad you did and and I should have looked it up last night but I didn't want to. I was a little frustrated but from what I understand they said oh it needs to be a full five years. We're at five years and five months so that to me is full five years. They said no, it won't drop off until April of 2027. So if you mean 6 years, just say it'll be 6 years before that comes off. It's called the Comprehensive Loss Underwriting Exchange. Oh, very nice. Yes. Yeah, they still don't have a clue. So anyway, it just it was a little frustrating. Hold on. It's wrong. Uh what it contains, claims filed on the property over the past 5 to 7 years regardless of who owned it at the time, the date of the loss, type of the loss, water, fire, wind, theft, liability, amount paid, claims filed by the current owner on the other properties also.

Sometimes inquiries have become paid claims depending on whatever. Why does it matter? Because they're no surprise to the buyer. But the biggest problem here is the reason why water is the worst claim to do. Uh what's that black stuff called? It's called mold. Yes. And even if you don't have it, there's a potential to have it. Exactly. People die from it. Um and Okay, so 5 to 7 years. Why don't they just say 7 years? Well, that just tells you it doesn't come off until they want it to come off. Exactly. So it'll probably be 10 years, a full 10 years. Anyway, moral of the story, no water claims. Don't make a claim on your fence. Don't make a claim on a window. Why? The fence is no big deal. No, the fence No, water the water is the problem because it it doesn't just go away.

It stays there forever. Water does? Well, no, I mean the issues that can come from it stay there forever. Yeah. No matter how how well you fix it um you can do the best job ever. You can take out all the drywall. You can start all over again. Um it's still going to It leaves a bad taste in everybody's mouth. It's like when you have a Ferrari and you wreck it and they send it back to the factory and they replace every bolt, everything in it, it's still a wrecked Ferrari. Yeah, a salvaged title. Oh well. You got paid less for it though. That's actually a re- whatever. It's not a salvaged title. So we had a uh the transaction canceled yesterday after about 4 days. You sure like striped shirts, don't you?

Yeah, I do. That's the first one I've worn in what? 3 years? No. No, I don't. I've been wearing those other ones. The other the not striped, but they're just other everything. Yeah. Yeah. So Thursday's an all black day. Why? You in mourning? No. I'll be in the afternoon. So anyway, what's the moral of the story? Don't make a water claim. That's correct. And and it's understandable if it's major, you know, of a choice. But you just have to understand what the consequences are and how it affects is the insurance going forward is going to be very expensive for the new buyer. Yeah, the first the first uh um bid they got on insurance was 10,000 a year, not including um California Fair Plan, which luckily it's not in a high fire severity zone, so it doesn't need the fair plan.

Um But that's like 500 bucks a mo- it's more It's actually 550 a month. Well, they got it down to 6800, which is 566 a month. Uh right around there. That's a lot for insurance. That's a lot for insurance. So Or just because of a claim. Yeah. We will figure it out. We'll get it solved. Maybe pay the first year's insurance for the for the people. Or the first 2 years. Yeah. If it's 7, they'll fall off. Yeah, first 3 years. Then they've got to have to go get a new carrier because they're new. The old one will remember. Remember. Remember? Do you remember? All right, everybody make it a great day. We'll be back tomorrow. Hopefully. And go check out our Real Estate Jerky website. Let us know what you think um and if there's an issue, please let Mike know.

And I'll email at um and don't make a water claim. That's right. Bye. All right, bye.