Dependable Homebuyers says Higher Interest Rates has Positive Impact for Cash Investors in Baton Rouge

July 12, 2019 - /PressAdvantage/ -

Homeowners who want to sell and homebuyers are aware of the high interest rates prevailing in the market right now. The Federal Reserve increased the applicable interest rates late last year and there may be two more such hikes in the next few months. The real estate sector in Baton Rouge has already been a buyers market for a while now. The increasing interest rate is not helping them and sellers are finding it more difficult to secure acceptable closing offers. The higher rates environment may not be ideal for sellers or buyers but it has a positive impact for cash investors in the city.

Cash investors like Dependable Homebuyers are not dependent on banks or mortgage lenders. Hence, they are not affected by the increased interest rates. Even there is one or more hikes in the near future, the new interest rates will still be irrelevant for cash investors. The We Buy Houses company acquires residential properties in Baton Rouge and pays in cash. It is a onetime cash transaction. There is no mortgage or home loan. There is no funding of any sort from banks or other financial institutions. This is not something ordinary buyers can do. They have to rely on mortgage and hence will have to bear the increasing interest rate.

All buyers relying on mortgage have to factor in the additional financial burden due to increasing interest. This affects their affordability and hence they look for reduced ask prices. While many buyers may appear to be hard pressing and tough negotiators when it comes to the ask price, they too are rather helpless and have to keep their liability in check. Many homeowners agree to reduce the ask prices. Some cannot consider it as the return on their investment will be seriously affected. Since some sellers are agreeing to the terms of buyers, this is making life difficult for other homeowners who cannot do the same. Whether or not homeowners want to give in to the negotiations and reduce the ask price, it is worthwhile to consider an all cash offer from Dependable Homebuyers. Interested homeowners can read a recent press release they published at https://www.pressadvantage.com/story/29064-dependable-homebuyers-has-liquidation-solution-when-relocating-to-baton-rouge.

The high interest rates in Baton Rouge have encouraged many cash investors to venture into the residential real estate sector. Dependable Homebuyers has been buying houses directly from owners turned sellers over the years. The company presents a cash offer following a thorough inspection. Homeowners are not obligated in any way and they have no financial commitment. The company pays for the closing cost and other expenses, such as legal fees. Dependable Homebuyers comes up with purchase offers within a day of the inspection and closes sales in seven days. The entire transaction can be completed in a week. This is in sharp contrast to the average wait times of ninety days or longer for owners listing their properties online for sale.

The hikes in interest have increased the average days on market. There are fewer buyers. Any further increase will severely dent the prospects of selling a house in Baton Rouge. Dependable Homebuyers eliminates the dependence on banks and hence the relevance of interest rates. They also eliminate the involvement of realtors and hence their steep commissions. There is no appraisal and no uncertain wait time. Owners of houses in the city can sell directly to the We Buy Houses company for a fair price.

###

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

Dependable Homebuyers Baton Rouge
Evan Roberts
(225) 307-3324
info@dependablehomebuyers.com
17505 Jefferson Hwy, Apt 308, Baton Rouge, LA 70817

ReleaseID: 60029468

More News

The Latest: The late Roy Halladay inducted into Baseball HOF

Jul 22, 2019

COOPERSTOWN, N.Y. — The Latest on the Baseball Hall of Fame Inductions (all times local): ___ 2:55 p.m. The late Roy Halladay has been inducted into the Baseball Hall of Fame. His widow, Brandy, delivered the speech and fought back tears as she spoke. The 40-year-old Halladay was killed in a plane crash in November 2017. "I knew I was going to cry at some point. It's overwhelming the amount of people here today," she said. "I'm so grateful you're here. I can't tell you how many hugs I've gotten. They have extended so much love and friendship. I'm so...

Donors suspend funds for Poland's Jewish museum

Jul 22, 2019

WARSAW, Poland — A Jewish association says some private donors to Poland's renowned Jewish history museum have suspended funding out of concerns about the government's failure to renew the term of its director. A special commission in May approved Dariusz Stola for another five-year term, but Culture Minister Piotr Glinski hasn't yet officially reappointed him. Glinski said recently he was still weighing the decision, because Stola had allegedly refused to make the museum available for a conference that was to be dedicated to the late twin of ruling conservative party leader Jaroslaw Kaczynski. The Museum of the History of Polish...

California exhibit paints Ed Hardy as artist, tattoo pioneer

Jul 22, 2019

SAN FRANCISCO — When people hear the name Ed Hardy, they likely think of the flashy, tiger- and skull-emblazoned clothing that rocketed to popularity in the 2000s, appearing on the likes of Paris Hilton, Britney Spears and cast members from the reality TV show "Jersey Shore." Others recognize Hardy as a trailblazing tattooer whose unique designs were licensed for use on apparel and merchandise, and whose legacy transcends the brand's current notoriety. But few know him as a prolific fine artist. "The clothing was one little blip on his whole career, which was staggering," said Mary Joy Scott, a tattoo...

Greece: Emergency declared after deadly storm hits resorts

Jul 22, 2019

THESSALONIKI, Greece — A state of emergency has been declared in an area of northern Greece after a violent storm tore through seaside resorts, killing six tourists. A fisherman, who had been missing, was also found dead Thursday taking the death toll to seven. The widespread damage wrought by the storm has renewed calls from civil protection experts, environmental groups, and the country's Orthodox Church for a shift in policies to address the impact of climate change on Greece's coastline terrain. Powerful gales late Wednesday hammered the Halkidiki peninsula snapping trees and power pylons, tossing vehicles and flinging beach lounge...

The Latest: 7.1 quake rattles Southern California

Jul 22, 2019

LOS ANGELES — The Latest on Southern California's strongest earthquake in 20 years (all times local): 10:30 p.m. Authorities say a magnitude 7.1 earthquake that jolted California has caused injuries, sparked fires, shut roads and shaken ball games and theme parks. However, authorities say there are no deaths or major building damage reported from the quake, which struck at 8:19 p.m. Friday. It was centered about 150 miles from Los Angeles in the Mojave Desert near the town of Ridgecrest, which was still recovering from a 6.4-magnitude preshock that hit the region on Thursday. There were reports of trailers burning...

To travel is to live. Unearth your next travel destination here with The Travel Trooper. We love what we do and looking forward to more #travelsquad joining us in this journey.

Contact us: sales@thetraveltrooper.com