Junell Realty Group

Real Estate and Homes for sale in Carson City, Reno & Sparks, NV

(775) 432-6300

  • Home
  • 55+ Senior Living
    • Senior Living [Home]
    • Where to Move?
    • Rightsizing Simplified
    • Types for Retirement Living Options
    • Local Retirement Communities
    • Why Turn To Us?
    • Testimonials from Seniors
    • Seminars for Seniors (Free)
    • Video Library / Past Seminar Recordings
    • Downsizing Made Easy
    • RESOURCES
  • Sellers
    • Selling Your Home
    • Getting Your Home Ready to Sell
    • Marketing Your Home
    • Your Homes Value
    • Seller Testimonials
    • Short Sale Help
    • For Sale By Owner
  • Buyers
    • Search for Homes
    • Download Our Mobile Home Search App
  • Free Seminars
    • Upcoming Seminars
    • Past Seminar Recordings
  • What Clients Say
  • About / Contact Us
    • Our Mission, Vision, Values, Beliefs & Perspective
    • About Us
    • Media
    • Contact Us
    • Office Directions
  • Careers
    • Client Care Coordinator
    • Showing Assistant
    • Buyer Specialist
You are here: Home / Blog / Buyers paying for multiple appraisals

Buyers paying for multiple appraisals

The Home Valuation Code of Conduct (HVCC) is playing havoc with real estate transactions.

HVCC regulations came into effect on May 1st and limit the contact between appraisers, lenders and REALTORS® when Fannie Mae and Freddie Mac loans are used in a transaction. The unintended consequences of the new regulations are that many consumers now have to pay for multiple appraisals and homes are not apprasing which has prevented many transactions from closing.

Several organizations are currently pressuring law makers and regulators to impose a moratorium on the enforcement of HVCC regulations.

What can you do as a buyer?  Make sure your Realtor, or the Realtor representing the seller meets the appraiser at the property and ensures the appraiser has all of the relevant information on the property and comparable sales, including any deficiency information on comparable homes that may have sold for a lower value.

Filed Under: Blog, Mortgage

Take our Mobile Search App with You

Downsizing Made Easy


5 Step Guide to Downsizing

Sponsored by Junell Realty Group

Copyright © 2020 · Junell Group · All Rights Reserved

Keller Williams Group One, NV · License #'s: BS.0144703 & BS.0144705

Return to top of page