As a real estate professional, time is your most valuable asset. There are never enough hours in the day, with endless people to call, homes to find, and contracts to sign. That doesn’t even mention advertising, meetings, maintaining your client relationships, and more. There are so many things to do; it is often overwhelming.
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Mass marketing is a thing of the past. Advertisements used to be one-size-fits-all. Many of us grew up in mass marketing: the same advertisement played across all TV stations, the same billboards for the entire city, the same radio stations, and magazines.
People across the country and in Seattle are ready to buy now. They are taking advantage of all-time low mortgage rates (as real estate agent insights are showing) and a desire to upgrade their homes for more amenities. If you are one of these people who are ready to buy now, one factor to keep in mind is that you might be competing with other buyers to land the home of your dreams. It might be tempting to buy a house without an inspection to get your top home pick before anyone else does, however, there are a lot of reasons why that is not advisable. Here are some reasons why you should never buy a house in Seattle without an inspection.
The real estate market has been burning hot over the last few months. Home prices are up over 15% year over year based on a report from the NAR (National association of Realtors). Meanwhile, some extremely competitive markets are waiving inspection contingencies on the home. To an extreme, some markets are seeing offers with zero contingencies. Desperation and panic are overtaking buyers and buying agents as the market boom has resulted in upwards of 15 offers per home on the market. To really understand why this is happening, we have to look at what caused the market to run so hot.
During the pandemic there has been a vastly different employment experience between men and women. Statistics provided by the U.S. Bureau of Labor Statistics shows that for most of the pandemic, women have experienced higher unemployment. In April and May 2020, when unemployment numbers were peaking, female unemployment was over 2% higher than male unemployment. Even more drastically, married women unemployment rate was over 3.3% higher than married men. The pandemic has highlight the discrepancy between male and female unemployment.
