Dependable Homebuyers Warns against Slowing Real Estate Market in Baltimore, Maryland
- S1E47
- 03:52
- February 16th 2023
Baltimore, MD - Baltimore, MD based Dependable Homebuyers is reaching out to local homeowners to advise them to exercise as much caution as possible when approaching the Maryland market as a seller. The company notes that, over recent years, the real estate market in Maryland has undergone a noticeable slump, making the prospect of selling a home by the ‘traditional’ means a more difficult one.
As they keep a close eye on the trends in the real estate market, the company is able to highlight key factors that are of interest to sellers. For instance, Dependable Homebuyers says that they have noticed the number of new property listings increasing by 7.3% over last year. This may not seem like a significant number on paper, but it effectively means that the market is more saturated than it was previously. Alongside other factors, this means that buyers have a wider pool of houses to choose from—which may force certain sellers to consider lowering their asking prices to ensure they remain competitive in the market.
While homeowners may be inclined to rely on real estate morgages to alleviate their immediate financial burdens, the company points out that the market currently shows fluctuations in the 30-year mortgage interest rate. This makes the financing of a home in this manner an unpredictable option at best.
Compounding the issue, active listings were up 3.7% at the end of the month, and the average Days On Market in April 2019 was 65 days long. This shows that more properties are staying unsold on the market for longer periods, especially compared to last year’s turnover. In fact, the company says that houses are now spending 27% more time on the market, before closing offers, compared to a year ago. As Dependable Homebuyers affirms, “Overall inventory remains low, but the uptick in listings is turning Baltimore into a buyer's market.”
However, this does not mean that those looking to sell their houses are left completely without more preferable options than to try their luck going through the intricacies and drawbacks of the regular real estate market. The company asserts that, “Dependable Homebuyers offers an alternative to those in Baltimore who can't wait through the longer holding time to sell their homes. They offer cash for Baltimore houses and can close quickly.”
As the company states on their website, they are ready and willing to purchase houses in virtually any situation. This includes divorce, probate, hoarder houses, being behind on payments, and so on. Customers will be pleased to know that this also applies if their goal is simply to sell their houses quickly—one of Dependable Homebuyers’ greatest strengths is the speed with which they can make a cash offer to a homeowner and then facilitate the rapid closing of the transaction. The company is able to make an offer within 24 hours of being contacted, and the sale of the home itself can be complete in no more than seven days. Compared to the regular wait times that homeowners can expect on the open market, they will likely find it far more suitable to work with a company that can reduce the hassle of selling property to such a short period, instead of several months. This is especially beneficial to sellers who are faced with urgent financial emergencies such as medical bills.
The home buyers are also willing to purchase homes in any condition. Sellers need not concern themselves with the expensive process of refurbishing a home prior to sale to attract customers, as Dependable Homebuyers is willing to take on the responsibility of repairs and renovations. Even if a home is suffering from flood damage, a lack of maintenance, vandalism, or any other issue, the company is always willing to make an attractive offer.
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.