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 Weekly Rebound

Oturu scores 30 as Minnesota beats No. 19 Michigan 75-67

Jan 20, 2020

MINNEAPOLIS — Daniel Oturu shook off an injury and had a career game to help Minnesota take down another ranked opponent. Oturu scored a career-high 30 points and the Gophers went on a late 11-0 run to beat No. 19 Michigan 75-67 on Sunday. The sophomore center had 20 points in a dominant first half, and he continued his roll with six quick points after the break. But with 14:35 remaining, he hit the deck hard while fighting for a rebound. He stayed on the floor for nearly five minutes, clutching his left shoulder as a hush fell over the...

Bey scores 33, leads No. 16 Villanova past Georgetown 80-66

Jan 20, 2020

PHILADELPHIA — Saddiq Bey hit eight 3-pointers and scored a career-high 33 points to lead No. 16 Villanova to an 80-66 win over Georgetown on Saturday. Bey, a 6-foot-8 sophomore forward, hadn't been much of a 3-pointer shooter this season for the Wildcats (12-3, 3-1 Big East). He'd made only 21 and four of those came in a nonconference game against Ohio. He shot just 3-for-10 overall in a win this week at Creighton, hardly a sign he was about to bust out with a career game against the Hoyas (11-6, 1-3). Left open, and determined to shoot, Bey had...

Former UConn coach Jim Calhoun earns 900th career win

Jan 20, 2020

WEST HARTFORD, Conn. — Jim Calhoun’s 900th win looked like so many others during a Hall of Fame coaching career. He stomped. He screamed. He slammed objects. The only real difference is the sideline he now controls. The longtime Connecticut coach added another milestone Friday night when the University of Saint Joseph beat Pratt Institute 105-61. Now in his second season coaching in Division III, Calhoun joined Mike Krzyzewski, Jim Boeheim and Bob Knight — all former rivals and national champions at college basketball’s highest level — as the only coaches to coach at least 10 seasons in Division I...

Stewart leads way in Washington's 72-40 blowout of USC

Jan 20, 2020

SEATTLE — After a lackluster thud to begin Pac-12 Conference play, Washington rebounded with its biggest conference blowout in nearly a decade. Isaiah Stewart scored 18 points and grabbed 10 rebounds, Quade Green added 14 points and Washington rebounded from a loss to open conference play with a 72-40 romp over Southern California on Sunday night. Stewart was again dominant on the interior despite sitting the final 9 minutes of the first half with foul trouble. The freshman post was 6-of-12 shooting and had two of Washington’s 12 blocked shots. Fellow freshman Jaden McDaniels added 11 points despite an off...

Grizzlies take advantage of George's absence to top Clippers

Jan 20, 2020

LOS ANGELES — Jae Crowder scored 27 points and the Memphis Grizzlies took advantage of Los Angeles star Paul George's absence to rout the Clippers 140-114 on Saturday. Jaren Jackson Jr. added 24 points, and Ja Morant and Dillon Brooks had 22 points each to help Memphis improve to 7-10 on the road with its highest scoring game of the season. Montrezl Harrell led the Clippers with 28 points, and Kawhi Leonard and Lou Williams added 24 points each. The team appeared out of sorts from the start without George. He sat out with left hamstring tightness and Los Angeles...

Sign up now!