My new rules.........Thought you guys might like it again.

To make things work like your dream, all of the parties involved would need to be very competent.

P.S. It seems like things usually worked that way a couple of years ago.

I agree with everything except the very first one.  There are three kinds of appraisals; one for the home owner, one for the buyer, and one for a refinance.  One for a home owner even has a couple of break down of just wanting an actual value or a resale value, so there are 4 kinds of appraisals...

You get a different value depending on who is ordering it and who it's for.  An Appraiser giving an appraisal for a home owner is trying to get the most value out of the home.  An appraiser giving an appraisal for a buyer is making sure the lender isn't loaning too much, so his value is going to be more conservative...

A refi value is completely different depending on if the home owner wants to take cash out.

Bottomline, I don't see how a home owner getting an appraisal is going to help anything move along more smoothly during the selling process.

Terry -*LOL* - Now this is change we can believe in. You should run for President, now wake up and get that good cup of Joe

When I saw the first one I thought "If he can get the seller to agree to pay for an appraisal upfront more power to him."  Then I saw the second point and said, "great point but who is going..........". Then it clicked in as I read the next point. Very entertaining post.

If your going to dream........... dream big right.

Terry, I thought I was dreaming when I read these. lol Thanks for the humor on this Monday.

These would make things much more certain in this industry.  also, buyers would know where they stand also.

Terry, my husband and I are writing you in next time we vote.

Terry - well meaning, but, in reality, not all of them are really of much benefit.

Donna gives a good reason for why the first should not be implemented.

The second one will lead to longer closings (and the buyer can still slow things up with slow paperwork submission as can the appraiser).

On the third, I am assuming that is the appraisel report, that I can agree with whole heartedly if that is the case.

The fourth one is what I have the biggest issue with. This would force the inspector to be up to all code requirements for the life of the property, that is way too much for anyone to even attempt. Even the building inspectors are only responsible for what current code is. Existing conditions are generally grandfathered in. Old codes might not even be available anymore. On the rest of it, I am definitely in agreement.

The fifth I believe what you want is a committed loan, where the buyer(s) have been underwritten. I don't know of too many lenders that will lend without underwriting. However, along this line I would love to see car dealers held responsible for the statements and commitments of their car sales people.

I am hoping that the sixth is tongue in cheek.

On the seventh, great dream, but, really a business killer

On the eighth, why?

But keep on dreamin on big fella. Sometimes dreams do come true!

I see our future Pres. hit the sauce a bit early today.  Terry, wait until noon please!

Your VP

Terry send it to Nancy, she'll get it reconciled for you

Howdy there Terry

Sorry your alarm had to go off and get ya up right then.

Let me start out by say-en, that I got a real hoot out of this here blog post of yours.

The main things in my report, does mainly del. with the structural, safety, and engineering items. We have to put any cosmetic items that we see, in the Inspection Report. By doing so the Inspector is actual protecting the buyers and the sellers Agents. So if something comes up about that item down the road, it can't be a molehill thats been turned in to a mount. The main thing is, a Inspector needs to know how to write the report, so the client knows that its only a cosmetic item. As for the code part, I actual do let my client kown that, when I can. I've got code books that date back to 1900. 

Ahhhh in a perfect world...

Terry,

Looks like you are getting some grief from the gallery. Nice try.