Tom Lois

• Manage |RSSReal Estate Agent Mastermind Group
• Manage |RSSReal Estate Marketing
• Manage |RSSReal Estate Trends
• Manage |RSSTechnology, Tools and Tidbits

It's a frustrating and seemingly unfair situation these days - for the seller, the buyer, the appraiser, the lender - not to mention the real estate professionals. It seems to me that until the "rules" are revised and made more equitable for everyone the best solution is for everyone in the transaction to have eyes wide open. That is to say, proactively anticipate possible roadblocks to a successful closing. Everyone's expectations need to be managed, and this strategy is best accomplished by total disclosure of all current market statuses and recent market history. There needs to be open reporting by lenders and appraisers every step of the way during escrow, and there should be diligent and programmed communication to all principals. All of this anxiety is resultant of the fear associated with the unknown status of the project.