Homeowners can Choose Dependable Homebuyers over Reverse Mortgage in Fort Myers

Expanding its portfolio and specializations, Dependable Homebuyers has announced that has an alternative to reverse mortgage for retired homeowners in Fort Myers. Reverse mortgage is a way to capitalize on the equity or financial value of a house without having to move out. It is a common consideration of retired homeowners who need access to a substantial sum of money. The reason could be personal, familial, medical or commercial. The proposition of the We Buy Houses company is not very different but more beneficial for homeowners considering reverse mortgage.

Just as a reverse mortgage company attains ownership of a house by paying a lump sum to the owner, Dependable Homebuyers is going to buy the property and pay a fair price for it. One major difference is in the price. The fair value offered by Evan Roberts, the founder and owner of the real estate investment firm, is the best a homeowner can get. Reverse mortgage companies usually go for a conservative estimate. There is another similarity between the two options. Reverse mortgage companies allow the previous owners to continue reside in the same house and in exchange they repay the loan with interest. Dependable Homebuyers is not offering a loan and hence there is no interest. The owner can continue to stay in the house as a tenant and pay a rent. This rent is more reasonable than the reverse mortgage repayment.

Homeowners who are weighing the pros and cons of reverse mortgage will find the proposition of Dependable Homebuyers more suitable, financially and otherwise. The fair price ensures a better return on the investment. The rent reduces the financial liability compared with the repayment of reverse mortgage. The company takes up all the repairs necessary, immediately and in the future. The present owner does not have to spend any money on repairs. There is no commission or service fee to be paid. The closing cost is paid for by the company. There is no marketing or listing of the property. A homeowner pays nothing to the firm during the sale.

The whole process is also unprecedentedly convenient for owners in Fort Myers. Dependable Homebuyers can be contacted via email or phone. One of their experts will ask for the basic details of the property and schedule an appointment. This is for viewing. There is no third party inspection. A real estate expert visits the property of the owner and assesses its fair value. A written offer is presented within twenty four hours. This is nonobligatory. If an owner accepts the offer, then the company initiates the sale. The sale is completed in seven business days. The payment is in cash. It is a onetime payment. The sum is credited directly into the bank account of the owner. A local title company completes the transfer of ownership. At no point in time does the owner move out of the house and that is if they are interested in continuing to stay at the address and pay rent. Homeowners have the liberty to move out if they have other plans. For more information about the company and the services they provide visit their website at https://www.pressadvantage.com/story/28028-dependable-homebuyers-has-a-solution-for-homeowners-in-a-saturated-buyers-market-in-fort-myers.