First Time Home Buyer Testimonial

April 4, 2010

Dennis and Trisha buy their first home

Dennis and Trisha just bought their first home and were so pleased with our service they’re even going to invite me to their wedding! You better not have a buffet at the reception Trish, or I’m going to have to eat someone at the end of the line out of any food…

Here’s a testimonial written by Trish:

I have no hesitations at all in fully recommending Joey Marino. We had no idea what kind of home we wanted, and several times took up several hours of Joey’s days trying to figure it all out. Joey was totally patient with us, was very honest, and amazingly generous with his time and effort. Joey went completely out of his way more than once to ensure we were able to get our home. I truly believe no other realtor would go to the lengths that Joey did to make it happen for us. I cannot thank him enough for all that he has done. He has made the first-time-home-buying experience an easy and completely satisfying one. THANK YOU, JOEY!!!!! You’ve made a dream come true!

Thank you guys, and I truly enjoyed working for you. May your new house bring you many many years of joy and may you invite me to all your pool parties!

Share and Enjoy:

Posted by joeymarino | Filed Under Testimonials | Leave a Comment

First Time Home Buyers Should Find a Home Soon

June 29, 2009

If you are a first time home buyer and are considering purchasing a home and benefitting from the first time home purchase tax stimulus, you will want to stop thinking and start looking.

The purchase transaction will have to be closed before December 1st, 2009. However, once you have an offer accepted, it can take a couple months to close on a deal. It used to take 30-45 days to close on a deal, but that number has been increased recently.

Understaffed lenders aren’t able to handle files as quickly as they used to, so loan underwriting takes much longer than before.
Recent regulations criminalizing all direct communication between appraisers and mortgage brokers adds another few days to weeks on to the transaction.

Right now, it’s not unusual to see a sale go 45 to 60 days or longer before closing! This means if you don’t buy before September 1st, there is a chance you won’t close in time.

Don’t miss out on this once in a lifetime opportunity. Prices are low, interest rates are low, and there’s a lot of homes to chose from. It’s a lot easier and cheaper to buy a home than you may think.

How to save time finding a home:

Find a buyer’s agent.
- A free buyer’s agent can show you all properties you might like in one or two days.
Search extensively online and find the best choices
- You can save time by eleminating the least likely possibilities so you don’t have to visit too many homes. Start searching now!
- Install Dwellicious.com and save all the properties you find from all the sites to one location.
Don’t search way out of your price range.
Have your preapproval letter, good faith estimate, and earnest money ready for an offer.

Call or email today for a free consultation.

Start searching Stark County now!

Share and Enjoy:

Posted by joeymarino | Filed Under Real Estate Blog | Leave a Comment

Why Buyers Shouldn’t Call the Listing Agents

March 5, 2009

Most first time home buyers don’t know that they are entitled to be represented by their own real estate agent for free!

Get started with a no obligation home buyer consultation now

The Buyer’s Agent:

Before you start searching, it is in your best interest to find a FREE buyer’s agent. It is important for you to have your own representation when purchasing a home. There is no fee required to use an agent to buy property because the seller’s commission will be split between both agencies involved.

If you call the agents that have the property listed, they are obligated to be looking out for their seller’s best interest. The main reason agents put their names on their listings’ signs and ads is because they won’t have to split the commission if they sell their own listing. If you call the listing agent and walk through the property with them, no other agent will be able to write any contract with you. This is called procuring cause.

Writing an offer with the listing agent will not help you get a better price. The listing agent cannot disclose any prior knowledge concerning what offer the seller would take without permission. A good buyer’s agent will help you decide the best price for the home and negotiate on your behalf to get you the best deal.

It is the buyer’s agent’s obligation and duty to make sure that you get the best deal possible and make the transaction as easy as possible. A good buyer’s agent can also help you find a property that suits your needs because they are constantly watching the market and know what you are looking for. They also have tools to update you on potential properties automatically via email.

Probably the biggest benefit of having a buyer’s agent, is that you can tell them what properties you would like to see, and they can show you many at one time. Otherwise, you would have to call every single agent, set up multiple appointments, at times convenient for all of them, and meet motivated salesmen trying to double their commission.

One little known fact, as a buyer you are responsible for turning on utilities and inspecting the property with professionals. You usually have 5-15 days to do this in. A good buyers agent can make sure this gets done correctly and on time.

Another thing to keep in mind is, most agencies charge a transaction fee. This is approximately a $200 fee, in Canton, Ohio area, that is charged at closing and is totally unnecessary. My company and I do not charge this fee, saving you money. Ask your potential agent if their brokerage charges this.

I am a dedicated and trustworthy buyer’s agent with years of experience. I can help you find a home in the least amount of time for the best value.

Contact us or fill out the quick questionnaire to get started today.

Phone: 330-412-2221
Email: joey@whippleauction.com

Read my first time homebuyer’s guide from the beginning

Share and Enjoy:

Posted by joeymarino | Filed Under Real Estate Blog | 2 Comments

First Time Home Buyer’s Guide – Step 3 – The fun begins!

February 27, 2009

If you haven’t read part 1 or part 2 of this series, please do so now.

The Buyer’s Agent:
So, now you know how much home you can afford and you’ve saved up for a down payment. The time has come for you to find your first home!

Before you start searching, you want to find a buyer’s agent. It is important for you to have your own representation when purchasing a home. If you call the agents that have the property listed, they are obligated to be looking out for their seller’s best interest. The main reason agents put their names on their listings’ signs and ads, is because their commission gets doubled if they sell their own listing.

You can get a buyer’s agent, like myself, absolutely free because the commission is paid for by the sellers and is split. Not many people know this. It is their obligation and duty to make sure that you get the best deal possible and negotiate with the selling agent for you. A good buyer’s agent can also help you find a property that suits your needs because they am constantly watching the market and know what you are looking for. They also have tools to update you on potential properties automatically via email.

Probably the biggest benefit of having a buyer’s agent, is that you can tell them what properties you would like to see, and they can show them all to you at one predetermined time. Otherwise, you would have to call every single agent, set up multiple appointments at times convenient for all of them, and meet motivated salesmen trying to double their commission.

Another thing to keep in mind is, most agencies charge a transaction fee. This is a $175-$200 fee, in Canton, Ohio area, that is charged at closing and is totally not necessary. My company and I do not charge this fee, saving you money. Ask your potential agent if their brokerage charges this.

The Search:
Of course, the internet is a great way to look for a home. This generation of home buyers is lucky because we can view lots of details about a property right from home. It used to be, you had to sit down with an agent at their office and flip through a black and white “catalog” of homes. I can still remember my parents doing just this. Here are a few sites to look for a home:

Tips for finding the perfect home:

In this buyer’s market, it’s not a bad idea to search a little above your price range and offer lower.
Determine exactly what you want and need. Bedroom count, garage spaces, basement, large kitchen, dining room, air conditioning, first floor laundry, etc.
Keep resale value in mind. A three bedroom home is easier to sell than a two bedroom and so on. Also, a pool can be nice, but those with small children generally don’t buy houses with a pool.
Consider maintenance on the property. If you have a 2 acre yard, remember you have to mow that. Long driveways need plowed. Wood siding needs painted every few years.
Watch the taxes and keep in mind which areas are higher than others.
If you have any questions about a property, ask your buyer’s agent to find out.

The Showing:
This is where the fun begins. When you are ready to look at your first home, it’s as easy as a phone call and a drive. You can probably get 2 or 3 showings in an hour depending on the distance from one another. Make sure all parties involved in the purchase go to the showing. Look in every nook and cranny to make sure you notice anything wrong.

Try to imagine yourself living in each home. Think about where you want to put your furniture, what color you would paint the walls, what is the best angle for viewing the TV. Vocalize what you like and don’t like, this way your agent gets a better idea of what you are looking for. Take the kids along and ask them which one is their favorite. Imagine how you would decorate or where you would work on the bike. Wonder if there is enough room in the driveway or sidewalk to teach the kids how to ride a bike. Ask yourself if you could see yourself living in this home 5 or 10 years down the road. Could you host thanksgiving dinner or host a euchre game? What would you change about the landscaping, or would you leave it like it is? Think about the dog (or future dog) and if there’s enough room for him/her to run around. Could you hold a family barbeque? Could you throw a football in the back yard? Most importantly, could you live there?

While it is a fun process to look for a home, it can be a little nerve wrecking. This is probably going to be the largest investment you’ve ever made. Often, first time home buyers get so nervous about buying the right property for them, they over analyze every home, and never end up finding anything they like. Remember that this is only your first home, and you can sell any time and move on to bigger and better. One thing to keep in mind is that when the real estate market bounces back, you could be sitting on a lot of equity because you bought during a low priced market.

Call or email me today to buy your first home! 330-412-2221 joey@whippleauction.com

Part 4: The offer! – Coming Soon!

Share and Enjoy: