Dependable Homebuyers Says Higher Interests in Baltimore Favor Real Estate Investors with Cash

July 12, 2019 - /PressAdvantage/ -

The higher interest rates in Baltimore are discouraging homebuyers from investing and this is turning the market in favor of real estate investors with cash. Dependable Homebuyers had predicted this when the Federal Reserve raised the rates of interest on home loans or mortgages late last year. The Federal Reserve is likely to raise the rates of interest further. Homebuyers who have been planning to buy a property in Baltimore are not reconsidering their immediate considerations. They would be paying a much higher mortgage than earlier and this is affecting their buying power.

The We Buy Houses company based in Baltimore believes more investors with cash will come forward to buy properties. Outright sales are not uncommon but still have not become the norm. This is poised to change as the number of buyers plummet and more properties are available for sale in the city. Cash purchases help both investors and sellers. The sellers get upfront offers and can secure better deals. Investors are able to circumvent banks and other lenders to expedite the process. Cash investors can also avoid going through realtors and hence find it easy to deal with owners directly.

The current real estate environment is not in favor of sellers. Buyers who can afford to pay higher interests are negotiating for reduction in ask prices. Not everyone can accommodate the increasing interest on their mortgage or their financial plan may be in jeopardy. Sellers who can afford to reduce ask prices have a greater chance of actually selling their properties. This makes the situation worse for those who cannot reduce the ask price. Such sellers are likely to have their properties listed for a much longer period of time. It is probable that their properties will remain unsold for the rest of the year.Read the recent press release they published at https://www.pressadvantage.com/story/29128-dependable-homebuyers-says-the-real-estate-market-of-baltimore-continues-to-favor-sellers

Dependable Homebuyers is a cash investor. The company inspects residential properties for free and makes cash offers. The purchase offer is nonobligatory. Owners turned sellers do not pay anything to the company, either initially for the inspection and offer or later for the sale. There is no commission or service fee. The closing cost is also paid for by the We Buy Houses company. Other cash investors are also coming forth sensing the opportunity. An all cash purchase does not necessitate the involvement of a bank or mortgage provider. Hence, appraisals are no longer required. There is no uncertain wait time either as the offer is for an outright sale and the process can be expedited. Dependable Homebuyers has a track record of presenting cash purchase offers in a day or two and they can close the sale immediately if sellers want. They can complete the purchase in one week.

The higher rates of interest are going to prevail for now. More buyers will choose to rent than invest in a house. Many will ask for drastically reduced ask prices. Some homeowners will concede to such negotiation and make selling at desired prices difficult for other sellers. Cash investors like Dependable Homebuyers are the only pragmatic alternative now for homeowners in Baltimore. For more information about the company and the services they provide visit their website.

###

For more information about Dependable Homebuyers Baltimore, contact the company here:

Dependable Homebuyers Baltimore
Evan Roberts
(443) 266-6247
evan@dependablehomebuyers.com
1402 Belt St, Baltimore, MD 21230

ReleaseID: 60029463

More News From sports.morningdispatcher.com

India complete rout of South Africa in 2nd test

Oct 14, 2019

PUNE, India — India won the second test against South Africa by an innings and 137 runs to take a 2-0 lead in the three-match series on Sunday. The Proteas were bowled out for 189 runs (67.2 overs) in the second innings, after being forced to follow-on on day four. South Africa had conceded a 326-run lead after being bowled out for 275 in the first innings. Virat Kohli's 254 not out had helped India amass 601-5 declared. He was named man of the match as well. "The mindset is always to help the team and in that process big...

Sharma helps India set South Africa victory target of 395

Oct 14, 2019

VISAKHAPATNAM, India — Run machine Rohit Sharma struck his second century of the match to help India set South Africa a daunting victory target of 395 on the fourth day of the first test on Saturday. The visiting team was 11-1 when bad light ended play for the day, Ravindra Jadeja having trapped first-innings centurion Dean Elgar lbw for 2, after India had declared on 323-4. "Confidence is high," South Africa paceman Vernon Philander said. "We batted well in the first innings and are in good spirits. It will be a challenge but we are looking forward to batting tomorrow."...

Iftikhar, Nawaz recalled for ODI series against Sri Lanka

Oct 14, 2019

ISLAMABAD — Pakistan on Saturday recalled all-rounders Iftikhar Ahmed and Mohammad Nawaz for the three-match one-day international series against Sri Lanka that starts in Karachi next week. Chief selector and head coach Misbah-ul-Haq also recalled three other players — Mohammad Rizwan, Usman Shinwari and Abid Ali — who were not part of Pakistan's World Cup squad. The 29-year-old Iftikhar played just two ODIs against England in 2015 before being sidelined - mainly by the presence of all-rounders Mohammad Hafeez and Shoaib Malik in the team. Malik retired from one-day internationals after the World Cup in July, while Hafeez has received...

Sri Lanka spinner banned because of illegal bowling action

Oct 14, 2019

DUBAI, United Arab Emirates — The ICC banned Sri Lanka spinner Akila Dananjaya from bowling in international cricket for 12 months Thursday because of an illegal bowling action. The 25-year-old Dananjaya, who has four five-wicket hauls in his first six test matches, twice failed an assessment on his bowling action inside the stipulated two-year period. Dananjaya was first suspended from bowling in November 2018, before he underwent remedial work and resumed bowling earlier this year. However, he was reported again after the first test match against New Zealand at Galle last month. He underwent an independent assessment in Chennai, which...

Iranian female soccer fan dies after setting herself on fire

Oct 14, 2019

DUBAI, United Arab Emirates — An Iranian woman detained for dressing as a man to sneak into a soccer stadium to watch a match has died after setting herself on fire upon learning she could spend six months in prison, semi-official news outlets reported Tuesday. The self-immolation death of 29-year-old Sahar Khodayari has shocked Iranian officials and the public, becoming an immediate hashtag trend across social media in the Islamic Republic. It also comes as FIFA is working with Iranian authorities to overcome a ban on women entering stadiums for men's games, a ban in place since the country's 1979...

About Us

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.

Subscribe Now!

Quick Links

HomePress