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 Thailand Tribunal

Road tripping Thailand: Weekend getaways to beat the crowds

Nov 20, 2019

BANGKOK — Thailand's southern beaches lure travelers with their turquoise water and dramatic limestone cliffs, but there's more to explore in the Southeast Asian country that's one of the world's most popular destinations. For a Thai road less traveled, try one of these getaways outside Bangkok, far from the overly Instagrammed backpacker hotspots or the party scene of Phuket or Pattaya. ___ BAN KRUT FOR THE BEACH BUM In laid-back Ban Krut, travelers will find one of the cleanest and quietest stretches of white sand within driving distance of the capital, Bangkok. This sleepy seaside community, known mostly by locals,...

Stocks mixed, oil down as markets await news on Saudi plant

Nov 20, 2019

BANGKOK — World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend. Chinese benchmarks led declines in Asia after the credit ratings agency Moody's downgraded Hong Kong, citing its recent political turmoil. Germany's DAX lost 0.2% to 12,362 after the ZEW index showed a drop in investor confidence in current economic conditions, pointing to the possibility of a brief recession, but sees a pick-up later in the year. The CAC 40 in Paris added 0.1% to 5,607 and the FTSE...

Pope Francis to visit Thailand, Japan in November

Nov 20, 2019

BANGKOK — Pope Francis will travel to Thailand and Japan in November for a visit expected to highlight his call for complete nuclear disarmament and honor the small Catholic communities in each country. The Vatican confirmed the Nov. 19-26 trip, and its diplomatic representative in Thailand, Archbishop Paul Tschang In-Nam, announced the Thai stop on Friday. Francis will be in Thailand on Nov. 20-23 before heading to Japan, where government spokesman Yoshihide Suga said the pope would meet with the emperor and Prime Minister Shinzo Abe. It will be Francis' fourth trip to Asia, where he has already visited South...

Thai high court affirms guilt of 2009 Pattaya rioters

Nov 20, 2019

BANGKOK — Thailand's Supreme Court on Wednesday affirmed the prison sentences of 12 members of the "Red Shirt" political movement convicted in connection with rioting that disrupted an important regional conference in 2009. The 12 had received four-year prison sentences for their actions on April 11, 2009, when supporters of former Prime Minister Thaksin Shinawatra seeking to force out a government of their opponents stormed a hotel in the resort city of Pattaya hosting the summit meeting of the Association of Southeast Asian Nations. The ASEAN leaders were forced to flee, some by helicopter, and the summit was postponed. The...

US promotes free and open Indo-Pacific at naval exercise

Nov 20, 2019

SATTAHIP, Thailand — A senior U.S. naval officer underlined Washington's commitment to a free and open Indo-Pacific as the United States on Monday launched its first joint naval exercise with the Association of Southeast Asian Nations. Rear Adm. Kenneth Whitesell spoke at the opening ceremony of the ASEAN-U.S. Maritime Exercise at the Sattahip naval base in eastern Thailand. He said the multilateral exercise demonstrates the U.S. commitment to a free and open Indo-Pacific, which Washington has been promoting to counter China's increasing influence in Asia, including Beijing's territorial claims in the South China Sea. Several Southeast Asian countries contest the...

About Us

Thailand Tribunal is the country’s next generation of digital news portal, bringing you non-stop news on the happenings in the country and all over the world.

Contact us: sales[at]thailandtribunal.com