Dependable Homebuyers says Higher Interests is Good News for Real Estate Investors with Cash in Washington D.C.

July 12, 2019 - /PressAdvantage/ -

The Federal Reserve raised the rates of interest applicable on home loans on mortgages in December, 2018. At the time, the Federal Reserve had announced that two more such reviews are in the pipeline and the rates may be raised further this year. The increasing rates of interest have made it difficult for many buyers to invest in houses in Washington D.C. Sellers are having a tough time securing closing offers. Dependable Homebuyers says that the higher rates environment augurs well for real estate investors with cash.

The We Buy Houses company is a cash investor. It buys residential properties directly from owners. All cash transactions are not uncommon in the real estate market but they are certainly rare given the proportion of investments funded by mortgages. Buyers are reluctant to pay the higher rates. For many, the increased interest jeopardizes their affordability and hence they review their financial plan. Most buyers are now looking for reduced ask prices. Many homeowners are surrendering to the negotiations of buyers and this is hampering the prospects of other sellers. Not all homeowners are in a position to reduce their ask prices. This can cause a significant dent in their net returns. Fortunately for such homeowners, Dependable Homebuyers and other cash investors have upfront offers that can solve the problem.

More houses are currently listed for sale in Washington D.C. than there are buyers in the market. The scenario is unlikely to change. The circumstances can get worse if the Federal Reserve hikes the interest rate again and the increase is substantial. Sellers will have to either reduce the ask prices or let their properties sit on the market for many more months. The alternative is to contact Dependable Homebuyers and let them present a cash offer. Here's a recent press release they published. The company has a track record of conducting prompt inspections and putting forth purchase offers in a day or two. They can also close sales immediately and complete the cash transactions in seven days or less.

Dependable Homebuyers is an independent investor that does not seek loans from banks or third party investment companies. The company does not appoint real estate agents to do their bidding so no commissions are due to realtors. The closing cost that is usually paid for by sellers is also assumed by the company. No appraisal is necessary since banks are not funding such acquisitions. Sellers do not have to reach out to normal buyers so there is no listing, marketing or advertising. Dependable Homebuyers has a straightforward cash offer and homeowners are free to consider it or reject it without being hasty.

More cash investors are venturing into residential real estate due to the higher rates environment. They are realizing the potential of the market when buyers are finding it increasingly difficult to make a serious commitment. Real estate investments are not simple and high interests make the propositions tougher. The We Buy Houses company is effectively countering the negative effects the Federal Reserve has had with its interest hike and this is helping homeowners who do not want to sell their properties at a subpar value. Visit https://dependablehombuyerswashingtondc.home.blog to easily get a schedule and an offer.

###

For more information about Dependable Homebuyers Washington DC, contact the company here:

Dependable Homebuyers Washington DC
Evan Roberts
(202) 503-2783
evan@dependablehomebuyers.com
1664 Columbia Rd NW #41, Washington, DC 20009

ReleaseID: 60029467

More News From E-rumor Mill

Meek Mill seeks new trial, judge after decade-long probation

Jul 16, 2019

PHILADELPHIA — Lawyers for Philadelphia rapper Meek Mill will ask an appeals court Tuesday to overturn a 2008 drug and gun conviction that's kept the Philadelphia rapper on probation for a decade. They say the city judge who oversees the case and sent him to prison in 2017 on a parole violation has a grudge against the performer. And city prosecutors agree. They've filed a motion supporting his bid to toss the conviction and be retried under a new judge. The 32-year-old, born Robert Rihmeek Williams, has become a voice for criminal justice reform. He spent four months in prison...

The Latest: No equipment immediately goes up mountain

Jul 16, 2019

MAUNA KEA, Hawaii — The Latest on the start of work to build a massive telescope on a site considered sacred by some Native Hawaiians (all times local): 3:45 p.m. A Thirty Meter Telescope spokesman says crews won't immediately be taking equipment up to the project site near the summit of Hawaii's tallest mountain. Hundreds of people had gathered at the base of Mauna Kea to protest the telescope Monday, when officials planned to close the road to the summit so that in the coming days they could begin bringing equipment to the construction site. Eight protesters removed themselves from...

Austin Butler to star as Elvis in Baz Luhrmann-helmed biopic

Jul 16, 2019

NEW YORK — Baz Luhrmann's Elvis Presley biopic has found its King. After a competitive casting contest, 27-year-old actor Austin Butler has been cast as Presley. Ansel Elgort, Harry Styles and Miles Teller all reportedly tested for the role ultimately won by Butler, who last year appeared in the Denzel Washington Broadway revival of "The Iceman Cometh." Luhrmann says in a statement that through "a journey of extensive screen testing and music and performance workshops, I knew unequivocally that I had found someone who could embody the spirit of one of the world's most iconic musical figures." Production is to...

Fox 2000 chief joins Sony after being jettisoned by Disney

Jul 16, 2019

NEW YORK — Elizabeth Gabler, whose Fox 2000 produced acclaimed literary adaptations like "Life of Pi" and "Hidden Figures" before being axed in the aftermath of the Walt Disney Co. acquisition, has found a new home at Sony Pictures. Sony on Monday announced a new production deal with the former Fox 2000 president and her entire Fox 2000 team. Gabler will develop and make movies for the studio in the new multiyear partnership. HarperCollins is also part of the partnership. Gabler will be able to pull from the publisher's catalog for movie projects. Fox 2000 had been expected to be...

The Latest: Avenatti says he represents 3 R. Kelly victims

Jul 16, 2019

CHICAGO — The Latest on the charges against singer R. Kelly (all times local): 1:15 p.m. Attorney Michael Avenatti says that he now represents three victims of singer R. Kelly, three whisleblowers who have information about the case and three parents of victims. Speaking at a press conference in Chicago Monday, Avenatti says that at least one of the whistleblowers made copies of the tapes that Avenatti ultimately turned over to Cook County State's Attorney Kim Foxx . The celebrity lawyer also says that Kelly paid a 14-year-old girl he had sex with and her family $2 million to buy...

Sign up now!

About Us

Who doesn’t love gossip? E-Rumor Mill grinds the news and gossip to keep reader's well-entertained.

Contact us: sales[at]e-rumormill.com

Subscribe Now!

Quick Links

HomePress