There aren’t enough inspectors and appraisers to keep up with the hot real estate market in Seattle, according to Mike Rosenberg of The Seattle Times.
That’s creating extra risk and cost for home buyers desperate to get an edge in bidding wars, reports Rosenberg.
The shortage is the "latest point of stress" for the region's booming market.
At best, the staffing shortage can cause a home sale to be delayed by a few weeks, or buyers might pay hundreds of dollars in “rush” fees to expedite the process, real-estate professionals say. At worst, a forgone inspection could cause buyers to discover huge damages after the purchase, or a mistake or dispute in the appraisal process could jeopardize the sale.