Recent upheavals in the appraisals arena and the new Home Valuation Code of Conduct (HVCC) are contributing to too many sales falling through the cracks.
According to National Association of REALTOR’s® (NAR) Appraisal Survey in June 2009, 37 percent of home buyers and sellers have experienced at least one lost sale as a result of the new HVCC. The report also pointed to:
•Higher Fees
•Lower Quality
•Longer Wait
See the full report at http://www.realtor.org/wps/wcm/connect/b83165804ef0b3338f18af2db4a1e62f/government_affairs_hvcc_research_results.pdf?MOD=AJPERES&CACHEID=b83165804ef0b3338f18af2db4a1e62f
No comments:
Post a Comment