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

Latest News

Boris Johnson heads to UN, urging world to see beyond Brexit

Oct 20, 2019

LONDON — Prime Minister Boris Johnson is heading to the United Nations General Assembly in New York to argue that post-Brexit Britain will be a dynamic world power taking the lead on tackling climate change and an unstable Middle East. But Johnson will be dogged by Brexit throughout the three-day trip. He will hold talks with European Union leaders as he tries to persuade the bloc to give him a new withdrawal agreement. The EU says Britain hasn't come up with workable solutions to the two sides' big differences. Johnson is also set to meet President Donald Trump, hoping to...

Traffic around England's Port of Dover disrupted by protest

Oct 20, 2019

LONDON — Traffic around the Port of Dover, England's major sea connection with France, has been disrupted as a result of a protest by environmental activists. Activists from Extinction Rebellion said their protest around the port is intended to "highlight the vulnerability of the U.K.'s food supply in the face of the ecological and climate emergency." The four-hour protest was given the go-ahead by local authorities within certain limits and Extinction Rebellion insisted it would "not cause any disruption to vital supplies," such as medicines. Highways England urged travelers in a tweet to be aware of disruptions. Protesters also hung...

Oil price drops on hopes for quick recovery of Saudi output

Oct 20, 2019

LONDON — The price of oil is falling back further after the Saudi government said half of production that was knocked out by an attack over the weekend had already had been restored. Benchmark U.S. crude was down 42 cents to $58.92 per barrel in electronic trading Wednesday. The contract fell $3.56 on Tuesday. Brent crude, the international benchmark, fell 27 cents to $64.28 per barrel in London, having dropped $4.47 the previous session. The attack on oil producer Saudi Aramco's processing facility in Abqaiq saw crude surge more than 14% on Monday, about as much as it did when...

EU competition chief hints at new data rules for tech firms

Oct 20, 2019

LONDON — The European Union's powerful competition chief indicated Friday that she's looking at expanding regulations on personal data, dropping an initial hint about how she plans to use new powers against tech companies. Margrethe Vestager said that while Europeans have control over their own data through the EU's world-leading data privacy rules, they don't address problems stemming from the way companies use other people's data, "to draw conclusions about me or to undermine democracy." "So we may also need broader rules to make sure that the way companies collect and use data doesn't harm the fundamental values of our...

Samsung folding phone to launch after screen problem delay

Oct 20, 2019

LONDON — Samsung's highly anticipated folding phone will go on sale Friday, after the original launch date was delayed by months because of embarrassing problems with the screen. The South Korean tech giant had put the Galaxy Fold's launch on hold after reviewers encountered problems with the device's innovative folding screen, which the company said on Thursday have now been resolved. "During the past several months, Samsung has been refining the Galaxy Fold to ensure it delivers the best possible experience," with improvements to the phone's "design and construction," the company said in an announcement at the start of a...

Sign up now!

About Us

Future Science Today reports on captivating developments in science, medicine, technology, and the world around us.

Contact us: sales[at]futuresciencetoday.com