Dependable Homebuyers Explains that Real Estate is a Saturated Buyer's Market in Baltimore
- S1E54
- 04:13
- February 17th 2023
Maryland based Dependable Homebuyers recently issued a public advisory regarding Baltimore’s saturated real estate market, and how many homeowners and property owners are facing difficulties in finding prospective buyers.
“Baltimore’s real estate market has already become a buyer’s market, and houses are spending more days on property listings and advertisements before they eventually sell out for lower costs. There is now a great supply of houses in the area with very little demand because many homeowners are leaving the city for the suburbs, resulting in a spike in the housing inventory,” says Evan Roberts from Dependable Homebuyers.
As noted on the company’s Google site, Dependable Homebuyers is a company that buys houses directly from homeowners with no commissions or any other hidden fees. Roberts explains that the company provides a quick and fair offer for all types of properties, regardless of their condition, and they can close any deal in as little as seven days.
“We offer a quick and hassle-free option to those who don’t want to deal with the complicated process of selling a house. Once you connect with us via phone or email, we will simply ask a few questions about your property and, if it meets our buying criteria, we will get back to you to set-up a quick appointment. We will then present you with a fairly written offer. If you find it acceptable, we will close the deal at a reputable title company and you can get the cash in your hands in as fast as seven days,” he says.
Meanwhile, Roberts also enumerates the differences between selling a house directly and having a local real estate agent negotiate a deal with a buyer. He explains that, since Dependable Homebuyers is a direct buyer, sellers save an immediate 6% from the agent’s commission fees, and another 2% for the closing costs since the company will absorb the latter. In addition, Roberts also states that sellers will no longer have to stress themselves about Inspection & Financing Contingency, which is typically why 15% of sales fall through.
An inspection contingency lets the buyer have time to do an inspection, and back-out of the sale or negotiate a new price if there are repairs that need to be done. Should both the seller and buyer be unable to come to a new agreement, the buyer has all the right to back out of the sale. The same principle applies to financing contingencies, which give the buyer the wiggle room to back out of the purchase should they fail to secure a loan—or if the proposed property doesn’t appraise for the value that the bank needs to close the loan.
“Downsizing and selling a property to Dependable Homebuyers offers a lot of benefits to property owners. When you really work the numbers, you can get rid of the headache and all the complications that normally comes with selling a property, while also saving some significant overhead costs. Dependable Homebuyers can quickly offer a fair market price in exchange for your property so you can avoid paying any more utility payments, tax payments, insurance payments, mortgage payments, and more. You also no longer have to bear all the costs of holding a property while you are waiting for the right buyer to come along,” says Roberts.
Property owners who are looking to sell their homes quickly may reach out to Dependable Homebuyers by filling out a contact form on the company’s website or calling their service hotline. They take pride in providing efficient and reliable home buying services, as proven by the positive reviews and recommendations they receive from many of their previous clients.
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.