Tucson AZ Home Loan Info

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She was afraid... to go out... in the water...

Isn't this situation a little ridiculous? 

Roy H. Williams, my all-time favorite "Wizard of Ads," asked the question in his Monday Morning Memo: "Will Fear of Risk Blind Your Client to Opportunity?" 

It got me thinking about my own clients who have pulled in their horns, so to speak, because they're afraid of investing "before real estate bottoms out."  These are the same real estate investors who absolutely mock stock market "timers."

Later in the day I was reading another favorite of mine--economist, author, actor and lawyer Ben Stein.  You really ought to read his entire article in the September 3rd issue of FORTUNE magazine.  
photo courtesy of jacque dee 
(Click the link... You know you want to!  But come right back.)

Okay, now that you're back, here are a couple of points to plaster on your wall:

1.  Consumer spending will continue to rise.  Since 1959 (the year before Itsy Bitsy Teenie Weenie Yellow Polka Dot Bikini) hit the top of the charts, there has only been one year (1980) when consumer spending actually fell, and it didn't fall far, even though interest rates were a quantum leap higher than they are now. 

2,  Real Estate is not a commodity like gold bullion, stock in Apple, Inc. or treasury bonds.  The right house in the right market is going to continue to appreciate.  Even the right house in the wrong market will continue to appreciate.  The person who's expertise is most needed right now is my local REALTOR®.

3.  It's not time to withdraw.  It's time to NEGOTIATE.  Dust off the titles on your shelf on negotiation.  You still have them.  Be a resource to your buyers and teach them how to negotiate.

That's a start.  Sell some real estate this week.  If you're in Tucson, call me for the loan.  Go! Go! Go!

I'm Mike in Tucson, your preferred Tucson, Arizona mortgage lender.
Mike Jones (Tucson Mortgage Company, LLC): Loan Officer in Tucson, Pima County, Arizona 
Think of me as your local expert.

Comment balloon 26 comments • Mike Jones • September 03 2007 06:43PM

Comments

Mike, cute photo!  I do agree with your points, now is the time to purchase real estate!
Posted by David L. Britt, MBA (Platinum Realty, LLC) over 12 years ago

That's what I am talking about!  I am ready to sell some real estate this week!!! 

 Oh, and I love your bikini-clad hippo :)

Posted by Dawn Workman, Camas Real Estate Expert, MBA, 480-540-8100 (Veracity Real Estate Group, LLC) over 12 years ago
Who took my picture!!! LOL
Posted by Linda Scanlan (A Fan of AR) over 12 years ago
Mike - This is absolutely a GREAT POST!  You have coupled information with humor and music.  What an extraordinary mind you have.
Posted by Marlene Bridges, Laguna Homes|Laguna Condos|Laguna Real Estate (Village Real Estate Services, Inc.) over 12 years ago

David, thanks for commenting!

Dawn, you go, girl!

Linda, too funny!  Thanks for visiting and commenting.

Marlene, thanks for the encouragement.  It's your gift!

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 12 years ago
Mike:  If that picture doesn't make this post memorable along with your timely remarks nothing will!   Thank you so much for the positive encouragement.
Posted by Kris Wales, Real Estate Blog & Homes for Sale search site, Macomb County MI (Keller Williams Realty - Lakeside Market Center) over 12 years ago
You've got some good points.  Maybe it's not time to be out buying just anything sitting on land, but good realtors do good in up markets and down.  There is a lot of equity out there and there are sellers looking to make a change in September and there are buyers who will appreciate a really good deal.
Posted by John Morgan, retired realtor, SC over 12 years ago

Hi Mike,
The content of your post did not even matter, I just got focused on that photo!  Love it, love it. 

Actually, the content was pretty good too.  LOL. 

Posted by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist (Kingsbridge Realty, Inc) over 12 years ago

Kris, I hope you clicked the link to the source!  Thanks for commenting.

John, Active Rain accepts retired realtors, even at your tender age.  Join up!  Thanks for visiting and commenting.

Cynthia, the picture had me doubled over with laughter.  Thanks for commenting.

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 12 years ago
Oh my, I don't know whether to blush or get hysterical.  I can't think right now.  lol
Posted by Yolanda Hoversten, Broker - O Fallon, IL Real Estate (Berkshire Hathaway HomeServices Elite Properties) over 12 years ago
Mike I don't even care what this post is about. I just had to check out the hippo in the itsy bitsy bikini! Fantastic!
Posted by Ashley Drake Gephart (Drake Intel Group) over 12 years ago

Yolanda, I'm glad to make you laugh!  I hope you got past the photo to read the post.  Maybe I should have left the hippo naked.

Ashley, thanks for visiting and commenting.

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 12 years ago
Mike,  Thanks for the pep talk!
Posted by Pat Hommel, Annapolis, AA Co., Md. Real Estate Sales (Annapolis Plaza CB Residential and Commercial ) over 12 years ago
Mike -- I clicked on the link expecting to get to the Fortune article (ok, it's late). Enjoyed the music. And, I agree with your main idea -- Now is the time to buy.
Posted by Ann Heitland, Retired from Flagstaff Real Estate Sales (Retired from RE/MAX Peak Properties) over 12 years ago

Pat,  you're most welcome!  Thanks for commenting.

Ann, you and I could probably sing this from memory.  I thought about inserting html code to play the music when the blog post appears, but decided against it. 

Now is the time to buy.  Thanks for visiting and commenting.  If you get down south, let's have a cup of starbucks together.

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 12 years ago
Mike -- oh yes, I could. But I don't sing well, so we wouldn't want to podcast it. Thanks for asking me to fix the link in my earlier comment!
Posted by Ann Heitland, Retired from Flagstaff Real Estate Sales (Retired from RE/MAX Peak Properties) over 12 years ago
So very cool, Ann!  I just clicked the link in your comment above, and the website is so inviting!  Great job!
Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 12 years ago

Great post and that hippo!!!  That's hysterical!  I agree with your post too.  I sent out my monthly ecards today and reminded everyone it's not all doom and gloom out there.  That there are still some great loan programs, even 100% financing for some.  Now is a GREAT time to buy.  Just like the stock market buy low, sell high!

Thanks for the laugh!
Sandy

Posted by Sandy Noll, Real Estate Team From Mill Creek to Mercer Island ((RSVP Real Estate) 425.890.0878) over 12 years ago
Sandy, thanks for commenting! Please add me to the e-card distribution list.  E-cards are new to me.
Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 12 years ago
Will do Mike!  E-cards are just another benefit of being a KW agent.  It's all there for the taking as part of my monthly $10 technology fee.
Posted by Sandy Noll, Real Estate Team From Mill Creek to Mercer Island ((RSVP Real Estate) 425.890.0878) over 12 years ago
Mike - you are a real trip! I absolutely love reading your posts!!!! this chick in the polka dot bikini is just the cutest thing I have seen in a long time! thanks for the laugh-
Posted by Billnulls Blog Florida Realty Professional, AHWD (Charles Rutenberg Realty) over 12 years ago
Mike- A hippo in a bikini, now that is one heck of an ad fore selling Real Estate :)  However yur message was great.....thanks :)
Posted by Kathy McGraw, Riverside County CA Real Estate (CELLing Realty) over 12 years ago

Kathy:  Don't you remember that song with a smile?  Thanks for commenting!

Barbara Jo: You're welcome.  I'm smiling because I made you laugh!

Sandy:  Thanks for answering my question about the e-card.

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 12 years ago
Mike:  Love the hippo... sooo cool!   I just had a client pull in the reins because of the media hype.  They are going to rent until at least the spring... refused to negotiate.   The media has them convinced that the market hasn't bottomed out yet.  
Posted by Jan Wood (None) over 12 years ago

Jan:  You might want to call them back.  Here's a compelling reason to purchase now:  At the same time rates are low, banks are becoming much more risk-averse.  They are knocking down appraisals and requiring buyers to come up with a bigger down payment.  Cheaper by a little doesn't matter if the house they wanted can't qualify for the attractiver financing terms available right now.

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 12 years ago

Hi Mike, loved the hippo picture and thanks for the positive facts. We have to keep in perspective that markets are indeed cyclical.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) almost 11 years ago

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