Homeowners are Struggling to Sell Their Properties in the Saturated Buyers Market of Newport News

May 17, 2019
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The residential real estate sector in Newport News has increasingly become a buyers’ market. It has also been saturated for a while now. There are more houses listed for sale than there are buyers. The fact that every buyer has access to plenty of shortlisted properties is not helping the sellers. Homeowners are being subjected to demanding circumstances when they are compelled to review their terms to make the offers more palatable to the buyers. The buyers are driving the dynamics of the market and it is unlikely to undergo any change. In such a prevailing scenario, sellers have very little going for them and many end up incurring a net loss after selling a property in Newport News.

Dependable Homebuyers has issued a public advisory recently. It highlights the problems being faced by sellers and the factors that have contributed to the market becoming saturated and strongly dictated by the buyers. The inventory of houses for sale has increased in recent times. The number of buyers has not. Buyers have more leverage due to this reason alone. It is also the buyers who have to take the final call and that is rarely influenced by any seller or realtor. They have their own preferences and compulsions. These are also partly influenced by what they are eligible for. Banks do not approve random sums of money as mortgage or home loan. Buyers have to zero in on what they can buy and simultaneously ensure a property ticks all the checkboxes. This is a daunting task for them. Hence, they resort to terms that are demanding for sellers. Read the recent press release they published at https://www.pressadvantage.com/story/27921-dependable-homebuyers-announces-it-s-buying-multi-family-properties-in-newport-news.

Homeowners in Newport News who want to sell their properties are being compelled to deal with many challenges. They have always been liable to pay the commission to a real estate agent and the closing cost at the time of the sale. They are also influenced to spend a lot of money on repairs and renovations to make the properties more desirable for the buyers. The buyers do not bear any such liability. They do not pay for anything, whether it is the property inspection or the appraisal that is actually required by their bank to approve the loan. The buyer only pays the price the two parties, with the possible intervention of the realtor, agree to. The whole process does not provide any reward to the seller.

The only practical option for sellers in such a saturated buyers market in Newport News is to consider the proposition of Dependable Homebuyers. The We Buy Houses company owned and founded by Evan Roberts is buying residential properties directly from homeowners without imposing any financial obligation. The company buys properties everywhere in Newport News. It also buys all types of houses, regardless of the specific condition. There is no commission or closing cost to pay. Sellers can straightaway save thousands of dollars, if not tens of thousands. There is no third party inspection, staging or appraisal. There is a cash offer in twenty four hours. If sellers accept, the company can complete the sale in seven days. Visit their website to easily get a schedule and an offer.



SOURCE: Press Advantage [Link]

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About Dependable Homebuyers Newport News:

Dependable Homebuyers is a local home buying company in Newport News, VA. We buy houses in any condition and any situation. If you want to sell your house fast, give us a call at (757) 296-8067 and we’ll provide you a cash offer within 24 hours.

Contact Dependable Homebuyers Newport News:

Evan Roberts
75 Huxley Pl, Newport News, VA 23606
(757) 296-8067

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