Prior to the 2008 housing crisis, Tony Reffeitt of Integrity Real Estate was warning people that builders were using temporary mortgage-rate buy-downs, fraudulent appraisals, and tax escrow disclosures to put buyers in homes they couldn’t afford.
In 2022, real estate investment trusts are buying homes and turning them into rentals. This practice prices buyers out of the opportunity to own a home. The housing market is incredibly competitive, with houses selling quickly and many houses selling for above the listing price. How can you compete?
Working with an experienced realtor is always beneficial, but it’s absolutely crucial if you plan to buy a home this year. Housing prices and interest rates are rising, so if you’re not already thinking about your long-term housing needs, now’s the time.
If you need assistance finding and purchasing your next home, contact Tony today. He can help you make cash offers to purchase your home (even when you don’t have enough cash available). He also has strategies to help you avoid double-moves, rental interim, storage costs, monthly PMI, and other costs.
Tony Reffeitt has been in the real estate industry full-time since 1994, so he’s seen the ups and downs of the housing market. He’s been involved in over 1,100 real estate transactions, so he has the knowledge and experience you need to accomplish your real estate goals. Tony takes his fiduciary responsibilities to represent your best interests very seriously, and he’s here to help you navigate the challenges of buying a home in 2022. He was recently featured on the Fox 59 morning news to discuss this very topic. You can contact him at (317) 216-TONY.