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

Related News

Missed PAT sends Falcons home empty from long trip

Oct 19, 2019

GLENDALE, Ariz. — The Atlanta Falcons mounted a massive second-half comeback, rallying from 17 down to pull within a point of tying Arizona. All they needed was an extra point to tie the game and hopefully send it to overtime, possibly pull out a much-needed win. When Matt Bryant's try sailed wide left with 1:53 left, the Falcons fell flat again, adding another way to lose in a season quickly spiraling away from them. Of all Atlanta's 2019 missteps, Sunday's 34-33 loss to the Cardinals may hurt the worst — and possibly be the final act of coach Dan Quinn's...

Saints quiet Minshew Mania, handle Jaguars 13-6

Oct 19, 2019

JACKSONVILLE, Fla. — Minshew Mania didn't have a prayer against New Orleans. Rookie quarterback Gardner Minshew was harassed, hurried and humbled in a 13-6 loss to the Saints on Sunday, his worst performance of the season coming just a few hours after Pope Francis accidentally tweeted support for the visiting team. "Today we give thanks to the Lord for our new #Saints," Pope Francis tweeted. "They walked by faith and now we invoke their intercession." The hashtag and capitalization inadvertently added the Fleur de Lis, the emblem associated with the Saints and worn on their helmets. It was widely regarded...

Wilson's 3 TDs lead Seahawks' rally past Mayfield, Browns

Oct 19, 2019

CLEVELAND — Chris Carson scored on a 1-yard touchdown run with 3:30 left, Russell Wilson threw two TD passes and ran for one and the Seattle Seahawks rallied for a 32-28 win Sunday over the mistake-prone Cleveland Browns and improved to 3-0 on the road for the first time in 39 years. The Seahawks (5-1) gave up touchdowns on Cleveland's first three possessions before storming back. Wilson connected with Jaron Brown for two scores, and Seattle's cool quarterback scampered 16 yards for a TD. The Seahawks last won their first three road games in 1980, when they went 4-12. The...

Rape victims of ex-Utah State football player sue university

Oct 19, 2019

SALT LAKE CITY — Two women raped by a former Utah State University football player filed a lawsuit Monday against the university, claiming the school fostered an environment where sexual assaults were tolerated. The women sued in U.S. District Court, arguing campus employees failed to adequately respond to assault allegations, the Salt Lake Tribune reports. Torrey Green, 25, was accused by six women of being sexually assaulted while on dates with him between 2013-2015, and jurors convicted him in January of crimes that included raping five women and sexual battery of a sixth. He was sentenced in March to 26...

Cousins, Thielen lead Vikings in dominant win over Giants

Oct 19, 2019

EAST RUTHERFORD, N.J. — So much for the Minnesota Vikings being one dimensional. The passing game is back in synch with the run. Add in the defense, and the reality is the Vikings have it all. Kirk Cousins threw two touchdowns to Adam Thielen, Dalvin Cook ran for 132 yards and the Vikings made life miserable for Daniel Jones and the New York Giants in every way possible in a 28-10 victory Sunday. "We played well from the jump," said Cousins, who was 22 of 27 for a season-high 306 yards. "I thought it was a very balanced attack today...

Broaden News

Replay Wall delivers the most accurate sports news to you with experts’ voice. We aim to bring every sports fan together here even if you’ve missed the game.

Bowl Championship Series Professional Football Arena Football CFL Football NFL Football Youth Football Press Releases Broaden News