Dependable Homebuyers has an Alternative to Reverse Mortgage in Maryland

Many homeowners choose reverse mortgage when they are in need of some funds. This is more so for older homeowners. Elderly people may need funds for various pressing reasons. There can be unexpected medical expenses. Familial liabilities are also common. Whenever a homeowner needs a lump sum of money, they turn to banks and other lenders. Older homeowners usually consider reverse mortgage. This enables them to stay in their homes and they also get access to a substantial fund immediately. Dependable Homebuyers offers another option. Homeowners can sell their houses to the We Buy Houses company without having to move out.

The proposition of Dependable Homebuyers is simple. Homeowners can sell their properties to the company. They get paid in cash. This is the fairest offer homeowners can get for old properties. The return can be better than a reverse mortgage. The homeowners do not have to move. They can continue to live in the same property and pay a rent. Dependable Homebuyers will pay a fair price, own the house and rent it back to the original owners. Older or elderly homeowners can effectively capitalize on the full value of their properties and yet continue to reside there. They can use the funds for various purposes. It is also common for owners to downsize in such circumstances. The funds can be used to finance the purchase of a new and smaller house. But moving out or buying a new house is at the discretion of the owner turned seller. There is no compulsion. They can reside at the house and pay a monthly rent. For more information about the company and the services they provide visit their website.

Dependable Homebuyers shall not only buy the house and rent it back to the owner but also pay for the repairs that may be necessary from time to time. Older houses require repairs and some can be quite expensive. Older homeowners are not always comfortable with such investments. They may not have enough funds to pay for extensive repairs. They can secure a net return by selling their properties instead of considering reverse mortgage, reside at the same place without making any changes and all repairs required now or later will be paid for by Dependable Homebuyers. Owners turned sellers are only committing to pay the rent and nothing else. There is no other financial obligation whatsoever.

The real estate investment firm is capable of offering a cash proposition in as little as twenty four hours after inspecting a house that meets their buying criteria. Homeowners can accept or reject the offer. The price quoted shall be the fairest given the market conditions and the state of the property. If an owner turned seller agrees to go ahead, then the deal can be closed immediately and the sale can be completed in just seven days. The entire sum of money quoted in the cash offer is paid to the seller. There are no commissions or service fees. There is no closing cost. The owner does not have to pay for anything. Interested homeowners can read a recent press release they published at https://www.pressadvantage.com/story/28021-dependable-homebuyers-has-a-proposition-for-sellers-in-the-saturated-buyers-market-of-maryland.