Higher Interest Rates are Making it Difficult for Homeowners to Sell in Newport News

July 12, 2019 - /PressAdvantage/ -

Dependable Homebuyers predicts an increasingly difficult time for homeowners who are trying to sell their residential properties in Newport News. The real estate market has already become more favorable for buyers with the increase in the interest rate late last year. The Federal Reserve has said that at least two more rounds of review are due this year. If the rates of interest are raised again, not just once but twice, then the market is clearly not conducive for sellers.

The We Buy Houses company cites the decline in the number of available buyers in the market today. This has already become a problem. More properties are listed for sale in the city than there are buyers. Many sellers are reducing their ask prices to appeal to more buyers. The buyers too are fully aware of the higher interest rates and the fact that the market factors are in their favor. This is leading buyers to harder negotiations. Most buyers want a dramatically reduced ask price so they can comfortable accommodate the increased interest levied on their mortgage. This may suit some sellers but most homeowners in Newport News want to secure the maximum return on their investment. This cannot happen in a buyers market, especially when the rates of interest are already high and may be raised again.

Dependable Homebuyers states that the market is in favor of cash investors for this very reason. The company owned by Evan Roberts is a cash investor. Similar companies who can make cash offers to sellers will find it easy to close the deals. Cash investors do not depend on banks so there is no appraisal. In an environment when the interest rates are high, the appraisal becomes a bone of contention and it does not always work out well for the sellers. Buyers also struggle because they have to keep the net liability in check, which includes the principal loan amount to be repaid every month and the accruing interest. Cash investors can also avoid real estate agents and offer direct deals to sellers. This does away with steep commissions and other expenses. More of Dependable Homebuyers services can be found here.

Homeowners who cannot sell in the open market and are unwilling to reduce ask prices to make their propositions more enticing for buyers can contact Dependable Homebuyers. The company inspects properties immediately and presents purchase offers. The service is free and the offer is nonobligatory. Sellers can choose to accept the deal or turn it down. The We Buy Houses company has the ability to close a sale in seven days if the owner agrees to proceed immediately. Dependable Homebuyers pays for the closing cost. They do not charge any fee or commission. Homeowners in Newport News can secure the maximum value for their property. Since it is a cash transaction, the higher rates of interest or the discretion of buyers and their banks do not have any relevance at all. More such cash investors are expected to take advantage of the higher interest rate environment, thus offering respite to sellers who are struggling to secure an acceptable closing offer. Interested homeowners can read a recent press release they published at https://www.pressadvantage.com/story/29129-newport-news-is-a-sellers-market-according-to-dependable-homebuyers.

###

For more information about Dependable Homebuyers Newport News, contact the company here:

Dependable Homebuyers Newport News
Evan Roberts
(757) 296-8067
evan@dependablehomebuyers.com
75 Huxley Pl, Newport News, VA 23606

ReleaseID: 60029464

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