Real Estate Market in Newport News is Expected to Witness Modest Growth through 2019

July 16, 2019 - /PressAdvantage/ -

A new economic forecast has been published by the National Association of Realtors. The report cites prevailing market conditions and notable developments to predict modest growth for the real estate market in Newport News. The modest growth transcends residential and commercial real estate. The growth is likely to sustain throughout the year. However, the commercial real estate sector may fare better than the residential segment.

Homeowners who have been waiting to sell their residential properties given it was a buyers market for some time may consider listing their houses for sale or they can contact cash investors like Dependable Homebuyers for an upfront offer. Evan Roberts, the owner of the We Buy Houses company, says that the market is slightly in favor of sellers but buyers still have their preferences and will demand only the best properties at fairly reduced ask prices. Sellers may still have to deal with the average time on market and buyers will negotiate hard for better prices from their perspective.

One of the challenges homeowners are going to face is the condition of their properties, says Evan Roberts. The modest growth in the real estate market implies there will be some impetus to new developments. More buyers are interested in new properties than older ones, especially if they are not currently lived in. Such properties need to be transformed to an extent. The lived-in factor matters when old properties are shown to potential buyers. Roberts recommends staging as an effective way to entice homebuyers and also to secure a closing offer that does not dramatically reduce the ask price and hence the net return on the investment. Interested homeowners can read a recent press release they published at https://drive.google.com/a/dependablehomebuyers.com/file/d/1bEuRMFs8GpYWeQiX_3JPHWWgiuOpLGYd/preview.

The purpose of selling a house may be to cash in on the equity. Many homeowners want to buy a larger house or prefer downsizing due to contemporary realities. Homeowners relocating beyond Newport News or to some other area in the city will also want to sell. Each of these circumstances warrant a quick sale. This can happen only for properties that are in great condition and are priced perfectly. Staging can take care of the condition of a house. Roberts suggests homeowners to de-clutter their property and clean every part of the house thoroughly. It is also wise to consider painting the walls, especially the exterior, if the house looks dated. Essential repairs should not be avoided and renovations can be considered if the property does not generate any traction at all.

Evan Roberts and his team at Dependable Homebuyers have been working with homeowners to stage their properties. The company is a direct buyer that does not insist on staging but it becomes an unavoidable exercise when homeowners rely on listing services, real estate agents and the buyers market to sell their properties. Homeowners in Newport News have the option of selling their properties directly to Dependable Homebuyers. The company presents an upfront cash offer for an outright sale. They buy houses in as-is condition for a fair price and can close the sale in seven days. For more information about the company and the services they provide visit their website.

###

For more information about Dependable Homebuyers Newport News, contact the company here:

Dependable Homebuyers Newport News
Evan Roberts
(757) 296-8067
evan@dependablehomebuyers.com
75 Huxley Pl, Newport News, VA 23606

ReleaseID: 60029523

More News From Finance - Asean Coverage

Asian stocks gain after US, China announce truce on tariffs

Oct 21, 2019

BEIJING — Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes in a trade war. Benchmarks in Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. President Donald Trump agreed Friday to put off planned tariff hikes this week on Chinese goods in a fight over Beijing's trade surplus and technology plans. In exchange, he said China would buy American farm goods. But the two sides reported no progress on basic disputes that sparked the 15-month-old fight that threatens global economic growth. Friday's truce "has simply temporarily halted the escalation...

Protests squeezing Hong Kong economy, tourism, leader says

Oct 21, 2019

HONG KONG — Hong Kong's economy is languishing after months of increasingly violent protests, the city's embattled leader Carrie Lam said Tuesday. Lam, addressing reporters after a long weekend of more turmoil, said tourism arrivals were down by half and that hotels and retailers were suffering. Hong Kong's third quarter economic data will definitely be "very bad", said Lam, the semi-autonomous territory's Beijing-backed chief executive said. Lam said she did not have the data with her. But empty streets and tourist attractions are evidence of the fallout from the protests that began in June over a now-shelved extradition bill that...

Hong Kong suspends trains, appeals to public after rioting

Oct 21, 2019

HONG KONG — All subway and train services were suspended and lines formed at the cash machines of shuttered banks as Hong Kong dusted itself off and braced for more protests Saturday after another night of rampaging violence that a new ban on face masks failed to quell. The closure of the entire MTR network that handles more than 4 million trips a day, including the express line to the Hong Kong international airport, was a major and quite exceptional disruption for the usually never-resting but now edgy and restive territory of 7.5 million people. "From MTR to EmptyR," tweeted...

Japan welcomes US trade pact, but automakers appeal for help

Oct 21, 2019

TOKYO — Japanese automakers on Thursday urged the government to do more to support the industry after their government signed a trade deal with the U.S. that kept auto tariffs unchanged. Japan's Prime Minister Shinzo Abe and President Donald Trump, both attending the U.N. General Assembly in New York, signed a trade agreement covering agricultural, industrial and digital trade. The Japanese auto industry has been a main target of criticism from Trump. Automakers were hoping to see tariffs eliminated, but Japan only managed to keep them at 2.5% and win a U.S. promise of no more for now. The agreement...

China releases more pork from reserve to cool prices

Oct 21, 2019

BEIJING — China's government is releasing pork from stockpiles for the second time this month to help cool surging prices ahead of next week's celebration of the Communist Party's 70th anniversary in power. The government said Thursday it will auction off 10,000 tons of pork, the country's staple meat. The price of pork has soared almost 50% from a year ago due to a devastating outbreak of African swine fever that killed or prompted authorities to destroy vast numbers of pigs. That is a sour political note for the ruling party, which bases its claim to power in part on...

AseanCoverage is a next-gen news site focusing exclusively on online news from South East Asia.

Contact us: sales[at]aseancoverage.com