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

Hip-hop star Nicki Minaj to perform in Saudi Arabia

Jul 16, 2019

DUBAI, United Arab Emirates — Saudi Arabia said Wednesday that hip-hop star Nicki Minaj will perform in the ultraconservative kingdom as it sheds decades of restrictions on entertainment. The female rapper is known for her outlandish, provocative style and hits like "Anaconda," where she raps about her "big fat" backside. Her lyrics are often laced with profanities and her skin-bearing music videos often include twerking. Christian groups criticized her 2012 Grammy Awards performance, which included dancing priests and an exorcism. Saudi organizers announced she would be the headline act at the Jeddah World Fest on July 18. The concert, which...

Indian theater and film personality Girish Karnad dies at 81

Jul 16, 2019

NEW DELHI — Girish Karnad, a top Indian playwright, actor and director and a rights activist, died Monday after a prolonged illness. He was 81. India's president and the prime minister expressed their condolences over Karnad's death at his home in Bangalore, the capital of southern Karnataka state. The family did not elaborate on his illness. A renowned theater personality, Karnad worked predominantly in South Indian cinema and in Bollywood. He was a Rhodes scholar in the 1960s and earned a master of arts degree in philosophy, political science and economics, the Press Trust of India news agency said. President...

Turkey's Erdogan witness in footballer Mesut Ozil's wedding

Jul 16, 2019

ISTANBUL — Turkey President Recep Tayyip Erdogan was in the wedding party as Arsenal midfielder Mesut Ozil tied the knot on Friday. State-run Anadolu news agency said Erdogan and his wife, Emine, were legal witnesses for Ozil, who married model, actress and former Miss Turkey Amine Gulse in Istanbul. Secular Turkish weddings require a witness each for the bride and groom. Ozil, a German player of Turkish descent, quit Germany's soccer team last year after he was criticized for posing for a photograph with Erdogan before the World Cup. In his international retirement announcement, Ozil accused the German football federation,...

Ramadan in Mideast is for fasting and Facebook, data shows

Jul 16, 2019

DUBAI, United Arab Emirates — The Muslim holy month of Ramadan, with its long days of fasting and prayer meant to draw worshippers closer to God and away from worldly distractions, is being reshaped by technology. People in the Middle East spend close to 58 million more hours on Facebook during Ramadan and watch more YouTube videos — everything from beauty tips and recipes to sports and TV dramas — than any other time of the year, making the holy month not only the most important one for Muslims, but also the prime time of the year for advertisers. For...

Pakistani waiter finds fame as 'Game of Thrones' look-alike

Jul 16, 2019

RAWALPINDI, Pakistan — Until recently, a Pakistani waiter working in a small cafe in the city of Rawalpindi knew nothing about the TV series "Game of Thrones" — or its antihero character played by U.S. actor Peter Dinklage. But now, 26-year-old Rozi Khan has customers asking to have selfies taken with him and fields constant questions about his uncanny resemblance to Dinklage, 49. The American actor has played Tyrion Lannister, a witty and wily nobleman, since the series began in 2011. People even stop Khan on the streets, he says, also for selfies. Khan does not only have a similar...

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.

Contact us: sales[at]morningdispatcher.com

Subscribe Now!

Quick Links

HomePress