Dependable Homebuyers has released its latest report about industry insights and market analysis. The report has raised an alarming issue for homeowners who are trying to find buyers in Baton Rouge. Relocated residents in the city are choosing to rent and are not considering buying houses. The residential real estate sector has been a buyers market for a while now. With more people shying away from buying, the market is poised to get harder for sellers. The average time on market has been increasing in recent months. The interest rates have increased too. Fewer buyers are looking for houses for sale. Now rental property developers are trying to cater to those who do not want to buy. The market is poised for a further churn that does not augur well for sellers.
Dependable Homebuyers, the We Buy Houses company based in Baton Rouge, has cited generational changes, overall climate of the economy and the trends of employment opportunities along with changing perceptions about renting and owning among the young as the main issues that are causing the churn in the rental market. There is an ongoing debate, especially among the younger generations, who are serious exploring the pros and cons of buying. Many young people want a more manageable liability. Recurring rental cost is perceived as more manageable by many, especially those who are relocating to Baton Rouge and are unsure if they will be here for decades. People are on the move due to employment compulsions. Renting becomes the obvious option for such professionals and even some entrepreneurs who might consider settling somewhere else in the near future.
Evan Roberts, the founder and owner of the real estate investment company based in Baton Rouge, says that the shift if a large percentage of potential homebuyers into the rental market has shrunk the prospects of homeowners trying to sell their residential properties. Developers of rental properties are cashing in on the opportunity. More property management companies are teaming up with developers and rolling out rental options for relocating residents. Such properties usually have several amenities onsite and despite being located at varying distances from the major hubs there are enough conveniences for the residents to be content with the options. Relocating residents can now choose suburban neighborhoods or a tad distant areas without having to compromise on the amenities that, downtowns, city centers or business districts provide. For more information about the company and the services they provide visit their website at https://about.me/dhbbatonrougue.
Homeowners still have a viable option to sell their properties. They can contact Dependable Homebuyers. The We Buy Houses company purchases residential properties regardless of location and condition. They pay in cash. It is a onetime cash transaction. The company has a track record of offering the fairest values for properties given the market conditions. The buyers market with all its hurdles for sellers and the fact that relocating residents are renting over buying have no bearing on the offer of Dependable Homebuyers. Evan Roberts and his team can present a purchase offer in a day and can close a sale in a week. Interested homeowners can read a recent press release they published at https://docs.google.com/document/d/1pLUKf7d_5CEI6cB0Fxc-FBVyKtXEDzpqhyQ1NEOsj_s/preview.
SOURCE: Press Advantage [Link]
Dependable Homebuyers is a local home buying company in Baton Rouge, Louisiana. We buy houses in any condition and any situation. If you want to sell your house fast, give us a call at (225) 307-3324 and we’ll provide you a cash offer within 24 hours.
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