Appraisals to be ordered by Banks starting May 1, 2009

Starting May 1st, banks will require all appraisals to be done by approved 3rd party companies and these appraisals will be ordered by the banks. Through the end of this month, your lender will be able to use their existing relationships and get orders through faster but after the 30th its "no more!" What does this mean for you buyers and sellers?? Potentially lower appraisal values and longer contingency periods. Buyers this may give you more time to shop your loan. Sellers this will leave you exposed a little longer while you wait for the buyers to commit 100%. This shouldn't be a surprise given the way we got ourselves into this mess. What do you think?