Some great sounding claims fall flat in practice!

By
Real Estate Broker/Owner with Richard Weisser Realty
https://activerain.com/droplet/4nZw

Some great sounding claims fall flat in practice by Richard WeisserI just saw a television commercial about a tire that could go up to fifty miles after it is punctured! That sounds like a great idea.

But here’s where it falls “flat:”

Until the tire actually goes flat, how do you know that it has been punctured?

So if you’re on a road trip and you get a puncture, the only real difference is that you will be changing the tire on the side of the road fifty miles from where the failure occurred.

All of a sudden, it’s not such a great idea after all.

There are a lot of allegories in real estate:

“The house should appraise,” but we never know for sure until the appraisal is in our hand.

“The loan should be approved in ten days” but for whatever reason we don’t know for certain until the day before closing!

“We don’t expect any problems with the inspection,” that is, until we see the laundry list of repairs.

Problems must be addressed in their own good time.

 

There is no such thing as a puncture-proof transaction!

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Rainmaker
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Don Sabinske
Don Sabinske, Sabinske & Associates Inc. - Zimmerman, MN
Sabinske & Associates Inc.

Nicely done....I have had transactions that I was positive would close at the table only to have a lender fail.  Nothing is puncture proof.

Aug 03, 2014 06:31 AM #32
Rainmaker
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Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Have to keep checking our real estate tires. Vigilance will help with avoiding those flat tires that can happen in real estate transactions.  

Aug 03, 2014 06:35 AM #33
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Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Richard, I was just on a road trip that had long distances between gas stations. I wouldn't be very happy if I got a flat in town and then found out 50 miles out of town that it was flat. Not a good idea.

Aug 03, 2014 06:35 AM #34
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Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
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Richard, Kind of like clothing that are "wrinkle resistant". They really DON"T want to!

Aug 03, 2014 07:02 AM #35
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

When I debated in high school we always started the debate with a definition of terms and our topics were like should the US have socialized medicine? The word should means not necessarily will. In fact when you think about it should can be like tyranny like The house should have appraised. The tyranny of the should will get you every time.

Aug 03, 2014 07:18 AM #36
Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I must say that tire logic is pretty solid!

Aug 03, 2014 07:57 AM #37
Rainmaker
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Paula McDonald, Ph.D.
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Boy isn't that the truth!  It ain't done till its done!

Aug 03, 2014 08:16 AM #38
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

My daughter has run flat tires on her Mini Cooper.  A warning light comes on to let her know she needs to stop and get the tire looked at.  Even my car has a tire low pressue light.  But your real point is correct.  We don't know until the ink is dry on the deal what could cause us to be stuck waiting for something else to finish a transaction.

Aug 03, 2014 09:15 AM #39
Rainmaker
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

A run flat can provide peace of mind that you didn't go careening out of control into oncoming traffic because of a stupid nail or piece of glass causing a tire failure.  The pressure monitoring system can give fair warning that something went or is about to go awry.  Real Estate often blindsides us with "emergency" conditions and I'd gladly pay a premium for that extra 50 mile courtesy and its gentle reminder on my dashboard. 

Aug 04, 2014 04:46 AM #40
Rainmaker
713,700
Cheryl Johnson
Highland Park, CA

I guess, as some of the other commenters have pointed out, the new high tech cars do in fact display a warning light/icon if a tire is punctured ....

But those of us, like me, still driving around in 15 year old clunkers wouldn't have much experience with that feature   :-)

Also... I think many times there are early warning signs in a real estate transaction ... and many times we want a transacation to close so badly we are tempted to ignore those warning signs...

Aug 04, 2014 06:09 AM #41
Rainmaker
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Jeff Jensen
The Federal Savings Bank/Lending in 50 states - Greenwich, CT

Typically cars with those tires have built in pressure sensors so you know right away.

Aug 04, 2014 07:52 AM #42
Rainmaker
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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Richard... what a great way to put it! The appraisal and inspection issues are so true.

Aug 05, 2014 12:06 AM #43
Rainmaker
863,956
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Richard,

You are right on the money. Nothing is actually done until it is officially funded and recorded. Going back to the tires...I had a Honda Van touring that was able to drive for 50 miles on a flat. (It happenned to me twice when the kids where smaller) One is able to determine which tire has a puncture when  the tire pressure starts going down. I really liked the security the tires gave me, however, to replace the tire ($1k each) and the inner run flat tube is excessively costly. 

Aug 05, 2014 02:41 AM #44
Rainmaker
638,714
Claude Labbe
Real Living | At Home - Washington, DC
Realty for Your Busy Life

Not to mention those pesky undisclosed HOA issues & liens.

Aug 06, 2014 12:45 PM #45
Rainer
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Dörte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Richard,

Depending on the puncture, you can often drive a long distance with a nail in your tire. However, you are right that it is impossible to tell until it happens.

Aug 07, 2014 03:51 AM #46
Rainer
500,626
Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
Pro Lifestyle Solutions

Have you seen the new tires being produced that are puncture proof and never go flat? Check it out; simply copy, paste and open the following link to your browser, http://youtu.be/w-G9ngBVyYc. 

Some opportunities are challenged and fall apart, yet when it can't be salvaged, don't dwell on the consequences, move on to another opportunity and learn from the experience, after all, that's where we get our wisdom, don't we?

Aug 07, 2014 07:20 PM #47
Rainer
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Marshall Brown
Mid America Inspection Services, LLC - Fargo, ND
BSEE, CHI

Sometimes the metaphor gets confused for the message but a point well taken.

It's never done until it's done.

Aug 07, 2014 11:26 PM #48
Rainmaker
154,094
Kathy Opatka
RE/MAX CROSSROADS - Ocean City, MD
Serving Ocean City, MD, & The Delaware Beaches

Rich,

Great analogy!  You put a lot of thought into thoses tires,too!  I like how you mind works!

Kathy Opatka

Aug 08, 2014 03:26 AM #49
Rainer
288,529
Thomas McCombs
Century 21 HomeStar - Akron, OH

I wish I'd said that!
Good point.  I may find lots of ways to use your example in managing in my own real estate clients' expectations.

Aug 10, 2014 03:42 AM #50
Rainmaker
1,431,717
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Interesting issue.  I bet there is an answer, but I do not know it.  My car has a sensor for tire problems prior to a flat, like it if is low.

Aug 12, 2014 05:19 AM #51
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