Homeowners in Newport News are facing new challenges while selling their residential properties. The residential real estate sector has been a buyers market for many years now. It has now become saturated with more properties listed than available buyers. There is also an increase in the average wait time, which is denoted by days on market.
Dependable Homebuyers has issued an advisory for homeowners who want to sell their houses. The real estate investment company based in Newport News has a simple proposition for all sellers. The We Buy Houses company can make a direct cash offer and buy residential properties within a week. This circumvents all the challenges faced by sellers. There is no realtor involved. There is no listing of the property and none of the traditional hurdles are relevant. This proposition stands in sharp contrast to the long drawn process of selling a property in the open market.
Evan Roberts of Dependable Homebuyers recently highlighted a few facts about the real estate sector. There has been a noteworthy increase of over seven percent in the number of new properties being listed for sale. This takes into account all multiple listing services and online directories. The substantial increase in availability of more properties augurs well for buyers who now have more options to choose from. This natural implies the task ahead for sellers or owners is more daunting. If buyers have more options, they can easily pass on a particular property for a better proposition. Many homeowners are already feeling compelled to reduce their ask price by several thousand dollars to make their proposition more lucrative for homebuyers.
There is another ripple effect on the market that affects the sellers. The availability of more properties means buyers can be choosier than before so any problem with a particular house may jeopardize the sale prospect. Here's a recent press release they published about buying from homeowners with VA loans. Many sellers are now considering extensive repairs and renovations to make their houses more appealing to potential buyers. However, such investments may not have a direct bearing and might not expedite the process. The average days on market for properties listed in Newport News are now over sixty five days. This is expected to increase. Homeowners who want a quick sale can certainly not expect it in a saturated buyers market in Newport News.
Dependable Homebuyers is buying residential properties directly from homeowners. No real estate agents are involved. The properties do not have to be listed on any directory or anywhere online. The company can make a cash offer in as little as twenty four hours and they can buy a house within seven business days. The real estate investment company is also buying all types of properties, which means the present condition or location of a house in Newport News does not matter in determining whether or not the company will be interested in it. The company has already purchased properties that are in dire need of repair or refurbishment. The owner turned seller need not pay anything towards such repairs or renovations. Visit https://virginia-newport-news-dot-dependablehomebuyers.appspot.com/ to easily get a schedule and an offer.
SOURCE: Press Advantage [Link]
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.