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

Indonesia's president delays vote on new criminal code

Sep 22, 2019

JAKARTA, Indonesia — Indonesia's president urged lawmakers on Friday to delay a vote on a proposed new criminal code amid mounting criticism of the bill, which opponents say threatens democracy and discriminates against minorities. Updating Indonesia's criminal code, a legacy of the Dutch colonial era, has taken more than two decades. A parliamentary task force finalized the 628-article bill on Sept. 15 and lawmakers are slated to vote on it on Sept. 24. President Joko Widodo said he made the decision after considering public concerns. He said the bill should not be decided on by members of the current House...

Indonesian province shuts schools due to forest fire haze

Sep 22, 2019

JAKARTA, Indonesia — Authorities shut most schools in parts of Indonesia's Sumatra island to protect children from a thick, noxious haze as deliberately set fires burned through peatland forests, officials said Wednesday. Indonesia's Disaster Mitigation Agency said more than 3,600 fires have been detected on Sumatra and Borneo islands by weather satellites, leading to very poor air quality in six provinces with a combined population of more than 23 million. Nearly every year, Indonesian forest fires spread health-damaging haze across the country and into neighboring Malaysia and Singapore. Authorities have deployed more than 9,000 people to fight the fires, which...

Indonesia to move capital from sinking Jakarta to Borneo

Sep 22, 2019

JAKARTA, Indonesia — Indonesia's president says the country's capital will move from overcrowded, sinking and polluted Jakarta to a site in sparsely populated East Kalimantan province on Borneo island, known for rainforests and orangutans. President Joko Widodo said Monday intense studies over the past three years had resulted in the choice of the location on the eastern side of Borneo island. The new capital city, which has not yet been named, will be in the middle of the vast archipelago nation and already has relatively complete infrastructure because it is near the cities of Balikpapan and Samarinda, Widodo said. He...

Protesters burn parliament building in Indonesia's Papua

Sep 22, 2019

MANOKWARI, Indonesia — Thousands of people in Indonesia's West Papua province set fire to a local parliament building on Monday in a protest sparked by accusations that security forces had arrested and insulted students from neighboring Papua province, officials said. The angry mob torched the building and set fire to cars and tires on several blocked roads leading to a seaport, shopping centers and offices in Manokwari, the capital of West Papua province, Vice Gov. Mohammad Lakotani said. "The city's economy has been paralyzed by the demonstrators," Lakotani said. "Negotiations between protesters and the authorities are currently underway to end...

Indonesia's leader says sinking Jakarta needs giant sea wall

Sep 22, 2019

JAKARTA, Indonesia — Indonesia's president said in an interview that he wants to see the speedy construction of a giant sea wall around Jakarta to prevent the low-lying capital from sinking under the sea, lending renewed backing and a sense of urgency to a slow-moving and politically contested mega project. President Joko Widodo and his government are up against a tight timetable, including a forecast by experts that at the current rate, one-third of Jakarta could be submerged by 2050. The existential crisis facing the city is the culmination of decades of unfettered development, almost nonexistent urban planning and misrule...