We Buy Houses company Dependable Homebuyers based in Baltimore has announced it is buying properties from flippers. It is inviting all flippers who have properties in varying phases of development or restoration for an outright sale. Flippers do not have to complete the refurbishment if they do not want to. There are instances when flippers cannot complete a project due to some reason or the other. The new proposition from Dependable Homebuyers can be a breather for such flippers who do not have any other option but to have their asset turn into a liability in due course of time.
The Baltimore real estate industry remains buoyant and this year is poised to witness better growth than the last two. Yet, there are cases where advertent or inadvertent errors lead to bad investments. Many flippers miscalculate the expenses or have a conservative estimate pertaining to the cost of completely transforming a property. Repairs, renovations and improvements are costly exercises and there may be a few surprises along the way. Some flippers manage such surprises as they proactively account for unforeseen scenarios. Not all flippers have a lot of cash to spare and some have stringent budgets. Those who work in strict circumstances can easily be in over their head and traditionally they have resorted to more borrowing to find a potential resolution for the crisis.
Flippers do not have to deal with such a troubling scenario and must not have their asset become a liability. Evan Roberts, the owner and founder of the real estate investment company, is buying mid-project houses. He and his team are looking for properties that can be in any possible condition. Houses owned by flippers may have just been bought and restoration work may not have begun, there could be ongoing repairs and renovations, the home improvements may have stopped dead in the tracks due to escalating costs or the house may be in a dire state and the job site may be in a mess. None of these issues will jeopardize the sale. Evan Roberts has said that flippers can sell every type of house, literally anywhere in Baltimore and the property could be in any condition.
Dependable Homebuyers has bought all types of residential properties since its inception. Flippers can also sell their completed properties to the company. This can also ensure a better return than hiring realtors and paying commissions to find buyers. Dependable Homebuyers does not charge any money. They also bear the closing cost. While a completed property can still be listed in the open market and buyers might be interested, a mid-project house is effectively un-saleable. This makes the proposition of Dependable Homebuyers a one of a kind and a win-win for flippers who are in serious trouble. Details about the company can be found at https://plus.google.com/107388565204265605089.
Dependable Homebuyers inspects properties immediately and makes cash offer within twenty four hours. The company has a history of closing sales in less than a week. Flippers can choose such a quick sale or they can time the closing date as per their priorities. Here's a recent press release they published.
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