In our latest Wine Down, we explain why being afraid to act might be the costliest decision of all, and give tips on how and why to avoid waiting until the same home costs thousands more.
Video Transcript
Hello, Diane Bro here coming to you live in our beautiful little mountain town of Prescuit, Arizona. I’m with my friendly sidekick here, Randall Bro. That’s me. I’m the sidekick. Yep, I am the pickle lady. He’s part of the pickle team. Yes, I am. And uh we’re so excited to come to you today in this beautiful September morning to talk about what everybody’s all nervous about. (00:26) Market jitters. Market jitters. I don’t know if it’s necessarily the market. I It’s just jitters. People have It’s just jitters. People are and we’re just here to tell you kind of get over it. Yeah. Uh the world is not coming to an end. We’re going to keep spinning. Um yes, we may have some challenging times ahead in the world throughout the world. (00:46) We don’t know what’s going to happen next. I get that. Uh but you have to decide. Yeah. Do you want to have uh go through some bad times in a place maybe you’re not happy with? Or do you want to be in a prettier town like Prescuit and and enjoying life and just not worrying about where the chips may fall? Now, if you’re thinking about retirement, then you should know your time is limited. (01:09) And if you waste your time just kind of sitting on your hands wondering when is going to be the right time to act, I would encourage you to act now because it’s a good time. Things are going to change. Um interest rates are coming down which means prices are going to start coming up. Y so your window of opportunity to get something at a nice price you know may change. (01:30) Yeah it should. The uh for the most part our market has been a buyer market or strong buyers market. Yeah. Uh for a long time and uh that’s starting to change the and you were the boss but now times are changing. So uh we may see prices increase a little bit again. Y uh we’re already seeing it. Uh some of the sellers are kind of like, “No, we’re not giving the house away. (01:55) ” They’re pushing back. Um inventories are up. Yes. Inventory is up. So we’ve had a couple of people, we’ll all wait a year and they waited a year and they came back and it was 100,000 more. Yeah. So don’t always try to hold out and wait for the market to see what’s going to happen. You can always always always refinance your home. (02:18) Uh that’s never something you’re not allowed to do. So you’re not tied into that. So if Yeah. If you’re you get if you’re borrowing at all, a lot of a lot of people who come to Prescuit don’t uh but if you’re borrowing and you uh you end up with a high interest rate and it ends up uh going lower, then you can always refinance and get the lower rate. (02:39) You won’t have lost your favorite dream home while you were waiting for interest rates to adjust. Don’t lose out on a beautiful home. Um, we’ve had a couple of people like, “Damn, I should have done this.” Yeah. Years, two years ago, we should have pulled the trigger and now it’s going to cost me more. And I’m like, well, yeah, it is what it is. Don’t be afraid. (02:58) You know, grab the bull by the horns and just make the move and everything else will fall into place. And the world, as I say, will continue to spin around. Continue to spin around. Um, you know, the the media really had a field day in 2024 with the election and everything and oh, it was the end of the world. (03:19) It was the end of democracy and and everything was up to 11 and uh, you know, the election ended and things really kind of should have gotten back to normal, but I think the media had um, you know, a habit that that it couldn’t break. You know, if you make people afraid, they will watch the news. And so they’ve been there’s been a lot of fear-mongering particularly about economic issues like the tariffs. (03:45) And I you know the the thing about the tariffs the reason why the the tariffs were anti-American for so long is that came out of uh World War II. After World War II uh America got in the habit of letting other people raise their tariffs and we didn’t because the world was destroyed and we weren’t. And that just kind of became a habit. (04:05) It’s been going on for a long time and President Trump seems to think that now’s the time for that to end. Uh we’re just doing what everyone else is doing. We’re protecting our industries. I I you know, for the most part, it’s working. This is I I just don’t see that it’s the end of the world the way the media uh made it out to be. (04:29) Um, in terms of the interest rates, you’re not in all likelihood, we will never see interest rates below 4% in our lifetimes. Probably not. That was a really weird demographic thing that was going on for about about a decade. And now since baby boomers are starting to retire. Yep. That’s kind of over. So, it really was pretty historic. (04:49) I mean, that’s not the way interest rates are supposed to work. Um, most people think they are, but it isn’t. Um it’s not good economically. So I it’s really adjusting the way it should be. It’s just everybody wants that two or 3%. That’s over. Yeah. It’s not going to happen. It shouldn’t have happened when it did. Yeah. (05:08) Um but it’s over. But it’s okay. I mean, we’re we’re you can still make it at a 6 and a half% interest rate. Yeah. Well, the good news is if you’re paying 6 and a half% on your mortgage, then uh your in your investments are are uh are should be doing well as as well. Uh for the longest time, bonds bond rates were really really low. (05:30) And now, you know, you you you have some investment income to uh offset that. So, and that perhaps a good thing. Yeah, it’s a good thing. So, everything will adjust and in the new reality and it’s not going to be so bad. and you know, come enjoy beautiful life here in Prescuit while everything’s being ironed out. Don’t wait. (05:52) It might be too late if you continue to wait. And don’t let the media set your mood. Watch the numbers. Oh, yeah. The market’s doing very, very well. We’re like, I don’t know, 15% or more over last year. Uh we just read had uh record highs uh not too long ago. Uh the market’s doing great. Unemployment is low. Inflation is low. (06:14) Look at the numbers. They tell a different story. Numbers don’t lie. They don’t lie. Numbers don’t lie. So, just wanted to talk to you a little bit about market jitters. Don’t be afraid. It’s all going to iron itself out. It’s all going to work out. Um, don’t let that stop you from moving on to the next chapter of your life. (06:33) We all, you know, life is short. Let’s have fun. Let’s Let’s be where we want to truly be and where we truly will be happy. That’s right. And we sure hope it’s here in Prescuit. We’d love to welcome you and we’ve had a great life here and uh we’d love for you to enjoy it as well. Absolutely. So, a great next step for you is pickle411.com. (06:53) That is our information site. You can go there to get information on Prescuit, on real estate, on the town. Anything you can think of as you search, you’ll probably find it. Uh if you’d like to meet with us online, we would gladly do a private one-on-one session just like this. just like this face to face. (07:12) You’re going to ask us anything. If you are interested in homes, we can talk homes. If you have questions about the city, we’ll talk about the city. We’ll talk about whatever you want. Whatever you want. We talk about old times. We’ll talk about old times. Whatever you want. We can do that, too. We like to chitchat. (07:27) And if you’re ready to come in and takes take a tour either of communities or homes, pickle 411 can help you there. There is a link where you can sign up and have that as well. Please come see us. We’d love to show you around. Absolutely. All right, my friends, on that note, have a great rest of your day. (07:45) Good to see you. Bye bye.