Baltimore Real Estate Market is Poised for Modest Growth
- S1E40
- 02:49
- February 16th 2023
The National Association of Realtors has published an article illustrating a new economic forecast. According to expert economists and those who specialize in real estate, the market is expected to witness modest growth throughout the year. The commercial real estate sector is expected to grow faster than the residential real estate segment. This means homeowners who want to sell their properties will have more prospects but the process may still be as demanding as it has always been.
There are two major takeaways from the new economic forecast, says Evan Roberts. The owner of real estate investment company Dependable Homebuyers says that buyers are now more certain of their plans. There is greater predictability in employment opportunities and more people have managed to put their finances in order to make a buying decision. This enables homeowners who have been waiting to cash in on the equity of their properties to actually go out and capitalize on the same. The inventory of properties listed for sale is likely to expand. More buyers are expected to start searching for their dream house. Despite these positive developments, not all sellers may find it easy to find a genuinely interested buyer or subsequently a closing offer.
Modest growth has its limitations. The focus is going to be on new developments and residential properties that are in impeccable condition. The location too becomes a key factor when the property does not tick all the checkboxes for the buyers. Evan Roberts of the We Buy Houses company has a suggestion for sellers. He recommends staging properties for the propositions to be more enticing for buyers. Staging is a common exercise when real estate agents prepare to represent and promote a house. The process of staging is not very difficult but it should be planned and executed well. Here's a recent press release they published.
Staging is essentially about making a house look and feel better than it is. The whole process may be limited to de-cluttering and cleaning. Houses that have remained vacant or uninhabited for a while must have the lived-in feel so furniture may have to be moved in and some kind of décor should be set up. Houses that are in need of repairs and other types of home improvements should be paid greater attention to. Shortcomings in properties will not impress buyers, regardless of whether or not the residential real estate market is growing.
Evan Roberts says that homeowners may stage their properties with the help of professionals or they can do so themselves. Staging can be a do it yourself project, provided homeowners are familiar with the exercise. Staging often demands painting the house or some portions that look dated. Clever installations or minor upgrades can go a long way to improve the aesthetics and the feel of a property. The curb appeal is always crucial and it does not only influence the buyer to decide in favor of a house but also plays a role in determining the fair value. For more information about the company and the services they provide, visit their website.
Dependable Homebuyers
1402 Belt St, Baltimore, MD 21230
(443) 266-6247
79FV+CG Baltimore, Maryland
Dependable Homebuyers
We Buy Houses Baltimore City: How Do Home Cash Sales Work?
Are you considering selling your Baltimore home? Are you dreading the process of having to fix it up, keep it clean, and negotiate with potential buyers? Or maybe you feel as though your home is not appealing enough to be bought. Well, selling your Baltimore house quickly for cash could be the solution you need.
Home cash buying is a process by which homes are purchased by real estate investors for cash from home sellers. Different home buying companies have different processes for how they do this.
At Dependable Homebuyers, our process for buying houses in Baltimore is hassle-free, smooth, and reliable. We will make you a fair cash offer for your house within 24 hours of submitting your information by filling out our short form. We buy houses as they stand, so no need for repairs or renovations.
Local House Buyers In Baltimore: What Do We Do?
We are a cash home buying company in Baltimore, MD. Our main goal is to provide a fair all-cash offer to the home sellers we work with. We ensure that everything is conducted professionally so you can get an offer within 24 hours of submitting your form.
We buy houses in any condition
Whatever the situation of the house is, you do not need to worry about whether it will sell, because we provide you with real estate solutions. We buy houses as-is - whether there was fire damage, water damage, leaking roof, broken appliances, or a moldy basement.
You will not need to perform any house repairs or renovations to make your house appealing. Even if your home is not as attractive as you may want it to be or has been neglected for some time, Dependable Homebuyers is the company to work with.
We buy houses in Baltimore City from homeowners in any situation
As a homeowner, you may find yourself in a sensitive situation where you need to sell your home for cash. We are very professional in our work so whatever the situation is, your privacy is a priority to us.
Here are some of the common situations that may lead to you wanting to sell your house fast for cash:
- Inherited house - You may have inherited a property that you are not ready to own.
- Behind on property taxes - taxes may be due on your property and you are not able to keep up with them.
- Death in the family - You may have lost a loved one and no longer want to live in the same house without them.
- Medical bills - You may be experiencing some medical emergencies and you need to sell your property as soon as possible.
- Divorce - Your marriage has ended and the best way forward is to sell off your house so you can quickly move on with your life.
- Foreclosure notice - The bank sent you a foreclosure notice because you could not afford to pay back the loan that you took from them.
- Fire damage - Your house has been ravaged by fire and fixing it could cost you a lot of money that you may not have.
- Downsizing - Your children are grown and you do not need so much space.
- Difficult neighbors - Your neighbors may be giving you a hard time and you want to move out.
- Retiring - You want to retire in a house that is much smaller than your current one or in a different location.
- Relocation - You may want to sell your home in the Baltimore metropolitan area because you are relocating and need cash to buy another home, or to pay for a rental property.
- Need quick cash - An unexpected event in life may require that you raise money quickly.
Whatever the situation is, we are here to make sure that everything is handled professionally. Dependable Homebuyers will put together a fair cash offer for you and close the sale when you are ready.