Some great sounding claims fall flat in practice!

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.

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

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.

Richard, Kind of like clothing that are "wrinkle resistant". They really DON"T want to!

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.

I must say that tire logic is pretty solid!

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

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.

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. 

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...

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

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

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. 

Not to mention those pesky undisclosed HOA issues & liens.

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.

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?

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

It's never done until it's done.

Rich,

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

Kathy Opatka

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.

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.