The real estate industry is already facing some tough times in this economy. Now a new federal rule designed to enhance the integrity of home appraisals by making the appraiser independent from the lender is making it harder for some to sell or buy a new home.

Real estate broker and owner of Good Life Team Krisstina Wise reads off stories about the negative impact of the new rule of home appraisals, "…we hoped for an appraisal 15 to 25 thousand dollars higher than we received."

She solicited the responses after discovering that the home valuation code of conduct was causing faulty appraisals and home deals to fall through. In the past, lenders would call on known appraisers with experience in the particular real estate market in question. They must now call a third party appraisal management company.

"They might order it based on lowest price, whoever is available, or they pull it out of a hat,” Wise said.

She said often times people who don't know the area respond. Jennifer Danvers said an Austin appraiser was sent to evaluate her Round Rock home. She had already struck a good deal with the buyer, was packed and ready to move into her dream home when she got this figure.

"We agreed at 235 and the appraisal came in at 213,” Danvers said.

That’s ten percent less. The buyer ate some of the cost. The rest will cost Danvers for the next 30 years.

“I ended up having to put less down on my house which is really bad and I ended up having to pay a higher interest rate because I couldn't put as much down."

Wise has now set up a blog in hopes to bring national attention to the problem. For now, she offered this advice.

"What we're going to do now, and we'll advise our sellers, that we're going to create all this comparable data and write a story about the house that we'll give to the appraiser before we'll allow him to appraise it,” Wise said.

Two representatives filed a bill urging the US Congress to impose an 18 month moratorium on the valuation code of conduct last week. The National Association of Realtors has suggested it slowed home sales during the month of May when it went into effect.