c

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

Latest News

Herman rides Trump's putting advice to victory in Kentucky

Jul 22, 2019

NICHOLASVILLE, Ky. — From President Donald Trump's putting advice to playing partner Kelly Kraft's two late bogeys, Jim Herman got the help he needed to win the Barbasol Championship on Sunday for his second PGA Tour title. He executed when he had to, too. "Really proud of how I can step up on that 18th tee when everything's on the line and hit the fairway and hit the green and get out of there," Herman said. Trump's regular golf partner while working as an assistant professional at Trump National Bedminster in New Jersey, Herman changed to a conventional putting grip...

Hotels face battle over whether to help US house migrants

Jul 22, 2019

DETROIT — There's a new target in the clash over immigration: hotels. Advocacy groups and unions are pressuring Marriott, MGM and others not to house migrants who have been arrested by Immigration and Customs Enforcement officers. The U.S. government has occasionally detained migrants in hotels for decades and says it might have to split up families if hotels don't help. It's the latest example of a private industry caught in the political fray of an overtaxed immigration system. American and United Airlines said last year they didn't want to fly migrant children separated from their parents. Greyhound told authorities to...

Helped by Trump's putting advice, Herman leads Barbasol

Jul 22, 2019

NICHOLASVILLE, Ky. — Helped by President Donald Trump's putting advice, Jim Herman had two eagles in a 10-under 62 to maintain a one-stroke lead Saturday in the PGA Tour's Barbasol Championship. Trump's regular golf partner while working as an assistant professional at Trump National Bedminster in New Jersey, Herman changed to a conventional putting grip and clubhead at the president's suggestion following a recent round. "He gave me a good talking to and told me to use a different style if it's not working," Herman said Friday after shooting his second straight 65 to top the leaderboard. "Some great advice,...

Shane Lowry builds 4-shot lead in British Open

Jul 22, 2019

PORTRUSH, Northern Ireland — The noise was unlike anything Shane Lowry had ever heard on a golf course, no surprise at the first British Open in these parts in 68 years and an Irishman atop the leaderboard at Royal Portrush. Lowry didn't get rattled Saturday. He only got better. Two straight birdies around the turn to take the lead. Three straight birdies near the end to pull away. An 8-under 63 for his lowest round in a major. A stunning back nine that gave him the 54-hole record in the British Open. A four-shot lead going into the final round....

The Latest: Tee times brought forward at British Open

Jul 22, 2019

PORTRUSH, Northern Ireland — The Latest on the British Open (all times local): 7:05 p.m. The tee times for the final round of this year's British Open have been brought forward because of the expected bad weather in the afternoon. The first pairing at Royal Portrush will head out to the first hole at 7:32 a.m., one hour earlier than had been planned. The final group will go out at 1:47 p.m. The weather is expected to deteriorate quickly on Sunday afternoon with rain and strong wind in the forecast. ___ 5:50 p.m. Ireland's Shane Lowry is the leader midway...

Search
Broaden News

5 Stars Discovery brings you to the stories from people around the world sharing on the finest luxury resorts, high-end city hotels, and exclusive hideaway to make sure you’ll get the premium experience.

Contact us: sales@starsdiscovery.com