Roll the clock back thirty years while water skiing in my youth off the coast of Miami. I would quite often see rays and sharks, occasionally skiing over them as they cruised a couple feet below the surface. It would happen very quickly but you still had to make that decision to move over and actually go over them. What’s the return for that risk?…well maybe a thrill, really cool to see those creatures close up if even so swiftly. The risk?… well if you fall I suppose you’re in the water with a shark which was just really, really startled. The thinking was they would be running for the watery hills anyway, but the likelihood of falling just at that moment was slim to none. We generally look for more return on our investments as we move through life and the risks may not always be what they seem.

We hear it all the time, risk versus reward. In the Mortgage Industry it’s all about borrowers, loans, investments, balance sheets, and navigating those financial waters to successful returns. As a wise and cautious consumer one examines the benefits and risks of home ownership vs renting, or a car’s safety versus the price of the car. To say the least we face the decision daily and if we’re lucky or smart enough to have advisors, we seek their expertise when needed.

Buying a home involves risk and reward like most things and it may not be safe if you don’t know what you’re doing. Some may even say it’s not smart in this seller’s market; others drive the risk with timely property investments. The reward may be steady income stream with rental properties, or a warm fireplace or beautiful view of our own. For my part the best rewards, and adventures, have been found well off the beaten path. While this occasionally leads to challenging situations, knowing there is a risk and proceeding anyway is a matter of assessment, along with the belief that something better awaits.

Climbing 2,000 feet in 25 minutes to catch a spellbinding sunset, one is not supposed to become waylaid in the backcountry darkness with no cell phone and only the stars to navigate back to safety. Our personality can be our best friend or worst enemy when it comes to financial decisions and risk taking. A willingness to adopt risk as a vehicle toward personal growth and experience, as well as financial well-being, will not be everyone’s mantra. What we personally get in return for the risks we take, and what risks we are comfortable taking vary by individual. Seattle’s home market is not for the faint of heart right now.

Coming back down in complete darkness… yeah that was kind of crazy. Better planning would have reduced the risk. As with buying a home, spontaneity may not be the way to go. If it’s worth the risk for you – plan ahead, get expert help, persevere, and enjoy the view! However you pull it off, the experience will last a lifetime!

Tony Pellicane

Hi, I’m Tony. I started with Verity in July of 2013, working with CUHMS in the Servicing Department as the Mortgage Servicing Supervisor. I spend much of my free time competing in flying disc sports, mostly freestyle Frisbee these days. I’ve traveled all over the world and most enjoy traveling to anyplace I’ve never been before (of course there are spectacular exceptions). I enjoy photography, art, dance, science, nature, and flying of any sort. Before moving to Seattle a year ago, I lived in San Diego; before that was Miami, with a stop in Gainesville, Florida on the way to San Diego. I became a huge Seahawk fan in 2009 after being a Dolphin fan from the glory days. I fell in love with the astoundingly beautiful country in the Northwest while visiting friends and practicing freestyle over the past few years and finally decided to move in 2010. Now having lived in three of the four corners of the US, I plan on retiring in Maine years from now. Hope you enjoy the writing.

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