Friday, August 07, 2009

New research explains recent appraisal problems

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

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