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Equity Gain Growing in Nearly Every State
Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they have on a homeowner’s equity position.
Home equity is defined as the difference between a home’s fair market value and the outstanding balance of all liens on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value increases.
Today, the number of homeowners that currently have significant equity in their homes is growing. According to the Census Bureau, 38% of all homes in the country are mortgage-free. In a home equity study, ATTOM Data Solutions revealed that of the 54.5 million homes with a mortgage, 26.7% of them have at least 50% equity. That number has been increasing over the last eight years.
CoreLogic also notes:
“…the average homeowner gained approximately $5,300 in equity during the past year.”
The map below shows a breakdown of the increasing equity gain across the country, painting a clear picture that home equity is growing in nearly every state.
Bottom Line
This may be the year to take advantage of your home equity by applying it forward, either as you downsize or as you move up to a new home.
Want to see what your home is worth? Use our quick and easy Home Value Estimator.
Vikki Garby Featured in Top Agent Magazine
Vikki Garby of Green Team New York Realty will be featured in Top Agent Magazine in the April 20, 2020 National and International issues. This premier real estate magazine has been presenting producing, accomplished professionals in the real estate industry for almost 20 years. Candidate evaluations are based on production, professionalism, industry and community involvement.
Vikki’s Top Agent Profile
Vikki began her real estate career back in 2005, investing in properties with her husband. At the time she was working in the finance industry. However, after moving back to her hometown of Warwick, she made the transition to full-time real estate agent. Vikki serves residential and commercial clients in Orange County, NY. Her business is almost exclusively repeat and referral clients. Additionally, she often works with investors to purchase multiple properties. Her prior finance experience is quite useful, especially when it comes to commercial transactions. Vikki establishes credibility with her clients through honesty, transparency and straightforward communication.
Vikki’s approach to listing properties
Each property is approached individually. And each campaign is tailored accordingly. Every listing is accompanied by professional photography and immersive documentation. However, commercial and residential properties may require alternative marketing techniques. All properties have online exposure, which can result in buyers. In 2019, Vikki closed over $8.8 million in sales volume. Further, that is based on average property prices ranging from $300,000 to $500,000.
The importance of community
Vikki believes in giving back to her community. She supports and participates in the local Educational Foundation and is President of the Booster Club for her son’s crew team. Furthermore, she contributes to the local high school’s Career Development Program. There Vikki helps with the Job Shadow Program and annual Career Fair. Free time is for spending with her family.
Looking towards the future
Vikki plans on keeping the growth of her real estate business steady. And she looks forward to expanding her presence in the local commercial market. Most importantly, she wants to keep helping people achieve their real estate goals. Because, according to Vikki, “It’s not about the house or the building itself. A home is so much more than four walls and my goal is for my clients to be happy long after they close.”
Thinking about Selling?
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As a homeowner, it’s always tempting to dream about the next big project you’re going to tackle. The possibilities are endless. Should I renovate? Should I refinance? Should I stay? Should I move? The list goes on and on. One of the things you’re probably wondering is “How much is my home worth?” To find out, click here.
In today’s housing market, it’s actually a great time to shift your thoughts toward selling your house and moving up into the home of your dreams.
Here’s why:
Inventory is on the rise, but there’s still an overall shortage of houses for sale (less than a 6-month supply found in a more normal market), so homes are going under contract quickly. In fact, the National Association of Realtors (NAR) Confidence Index reports that right now homes are only staying on the market for an average of 27 days. That’s less than one month, an even more accelerated pace from the 36-day trend we saw last spring.
The same report also indicates there are more interested buyers than active sellers today, which is one of the big factors driving home prices higher. (1)
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Average # of offers received on the most recent closed sales 2.3 offers. (2)
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Appreciation Is Strong:It Might Be Time to Sell
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There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment.
Home values have been appreciating for several years now, and prices are expected to keep climbing over the next few years, but they are not projected to continue to increase at such a high rate.
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Here’s What That Means for Homeowners
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The latest Home Price Expectations Survey (HPES), forecasts an average annual appreciation rate closer to 3.2% over the next five years, which is more in line with a historically normal market (3.6%). The good news is, there’s still time to take advantage of the current strength of home prices by selling your house now.
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Looking at the projections as they stand today, 2019 is slated to drive the strongest appreciation as compared to the upcoming few years. With average home prices still on the rise, the pace at which they are predicted to continue increasing will likely soften by 2020. (1)
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SOURCES: (1.) KEEPING CURRENT MATTERS (2.) NAR 2018 BUYER AND SELLER SURVEY
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Top Priorities When Moving with Kids
[et_pb_section fb_built=”1″ _builder_version=”3.0.47″][et_pb_row _builder_version=”3.0.48″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_text _builder_version=”3.0.74″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]According to the Pew Research Center, around 37% of U.S students will be going back to school soon and the rest have already started the new academic year. With school-aged children in your home, buying or selling a house can take on a whole different approach when it comes to finding the right size, location, school district, and more.
Recently, the 2019 Moving with Kids Report from the National Association of Realtors®(NAR)studied “the different purchasing habits as well as seller preferences during the home buying and selling process.” This is what they found:
When Purchasing a Home
The major difference between the homebuyers who have children and those who do not is the importance of the neighborhood. In fact, 53% said the quality of the school district is an important factor when purchasing a home, and 50% select neighborhoods by the convenience to the schools.
Buyers with children also purchase larger, detached single-family homes with 4 bedrooms and 2 full bathrooms at approximately 2,110 square feet.
Furthermore, 26% noted how childcare expenses delayed the home-buying process and forced additional compromises: 31% in the size of the home, 24% in the price, and 18% in the distance from work.
When Selling a Home
Of those polled, 23% of buyers with children sold their home “very urgently,” and 46% indicated “somewhat urgently, within a reasonable time frame.” Selling with urgency can pressure sellers to accept offers that are not in their favor. Lawrence Yun, Chief Economist at NAR explains,
“When buying or selling a home, exercising patience is beneficial, but in some cases – such as facing an upcoming school year or the outgrowing of a home – sellers find themselves rushed and forced to accept a less than ideal offer.”
For sellers with children, 21% want a real estate professional to help them sell the home within a specific time frame, 20% at a competitive price, and 19% to market their home to potential buyers.
Bottom Line
Buying or selling a home can be driven by different priorities when you are also raising a family. If you’re a seller with children and looking to relocate, let’s get together to navigate the process in the most reasonable time frame for you and your family.
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Green Team’s 2019 Launch Competition has blasted off!
Green Team’s 2019 Launch Competition has blasted off. And it looks like this year’s teams are all on board for an exciting ride!
The Launch Competition is about inspiring sales associates to get back to basics, enhancing those skills that lead to the exceptional client service the Green Team is known for. During this yearly event, associates compete individually and on teams. And Team Captains lead the way, motivating and training team members to best utilize the Green Team’s custom-designed customer relationship management system, or CRM.
Meet the Teams
The Masterminds, Warwick, NY Office
Angela Murphy returns again as Launch Team Captain. The team’s goal is to utilize the CRM during the competition, as well as throughout the year for a more organized business. According to Angela, “We have an energetic and supportive team and we truly enjoy each other as team mates.”
Mastermind Team Members include: Anthony Ajello; Al Beers; Janine Blandino; Carol Buchanan; June Cosgrove-Hays; Rich Czubak; Kristen DeRosso; Jennifer DiCostanzo; Barry Ferrari; Tom Folino; Karen Gauvin; Terry Gavan; Chris Gehrlein; Toni Kreusch; Vilma Lawla; Mary Lynch; Krissy Many; Connie Marines; Tiffany Megna; Angela Murphy; Nancy Sardo; Ed Sattler; Denise Schmidt; Susan Stinneford; Gidget Tavares; Lucyann Tinnirello; Bobby Valentine; Linda Vandeweert, and Nicole Willner.
Rock’n’Roll, Warwick, NY Office
Kim Lesley stepped up to volunteer as Team Captain for this aptly named group. According to Kim, “Our strategy is to develop a feeling of support, fun and results!”
Rock’n’Roll Team Members include: Tracey Decker; Kasey Decker; Dean Diltz; Jason Gaer; Vikki Garby; Julianna Green; Joe Green; Anne Hemmer; James House; Rebecca Hundley; Chris Kimiciek; Megan Kimiciek; Pip Klein; Jacque Kraszewski; Kim Lesley; Cam Monaco; Jim Moser; Nick Nocosia; Alan Norberg; Alyson Pulliam; Jane Reilly; Walter Ross; Cynthia Sanford; Tammy Scotto; Tom Shields; Janet Sutherland; Toni Vogel, and Ali Yurchuck.
Gonen’s Greenies, Vernon, NJ Office
Keren Gonen is another returning Team Captain. Their team strategy is to work together to make it happen. And Keren’s team motto is “There is no TRY. There is only DO!”
Gonen’s Greenies Team Members include: Keren Gonen; Alison Miller; Charlie Nagy; Marissa Rossi; Yvette Saldana; Stacey Springer; Barbara Tesa; Ted Van Laar and Pam Zachowski.
Witte’s Wonders, Vernon, NJ Office
Cathie Witte has also volunteered to be a Team Captain. Her team strategy is simple, “Just encouraging each other.”
Witte’s Wonders Team Members include: Jaime Dalton; Heidi Hyland; Jared Kunish; Kim Lasalandra; Sheena Masters; Ann Nussberger; Joyce Rogers; Cathie Witte and Sharon O’Roarke.
2019 Will Be a Great Year for Buyers AND Sellers
Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming!
NerdWallet’s 2018 Home Buyer Report revealed that:
“Approximately one-third (32%) of Americans plan to purchase a home in the next five years. Millennials are most likely to have such a purchase in their five-year plan (49%), versus 35% of Generation X and 17% of baby boomers.”
As we can see, buyers are optimistic! According to the report, here are the top reasons Americans plan to buy:
The most common reason Americans prioritize buying is that they believe it’s a good investment!
If you’re a homeowner looking to sell, 2019 is the perfect year to put your house on the market. But why?
- Buyers want to buy
- No competition!
At least 3 of the renowned organizations that report on real estate market trends predict that homeowners are going to wait until 2020 to list their homes, leading to a nice increase in sales (as shown in the graph below).
Don’t wait for a competitive market; be ahead of the curve and sell your house at the best possible price!
Bottom Line
There are plenty of buyers entering the market! Whether you’re a first-time homebuyer or a current homeowner looking to move-up to your next home, get in touch with one of our Sales Agents to discuss your real estate needs!
February 2019 Housing Market Update
Green Team Realty’s February 2019 Housing Market Update went live on Facebook February 12 at 2 p.m. If you were unable to view the webinar live, you can watch it at your convenience by clicking here. Sign up for future updates here.
Meet this month’s panelists…
Moderating the Market Update is Geoffrey Green, President of Green Team Realty. In addition, Geoff presents national statistics as well as local updates for Orange County, NY and Sussex County, NJ. This month he is joined by Jennifer DiCostanzo of Green Team New York Realty, Michael Giannetto of Residential Home Funding, and Keren Gonen of Green Team New Jersey Realty.
The National Perspective
According to Geoff, this time last year no one was really talking about a slowdown in the housing market. The conversation was more about how fast and how far everything would go. A few months later some chinks in the armor appeared. And now we’re looking at national numbers, comparing 2018 to 2017, Sept – Dec, all below the year over year numbers from 2017. The year over year drop by each region, 10.3% overall, 6.8 in the northeast, 15% in the west, etc., is also of interest.
A quote by Mike Fratantoni, chief economist for the MBA, is relevant: “The spring home buying season is almost upon us, and if rates stay lower, inventory continues to grow, and the job market maintains its strength, we do expect to see a solid spring market.” In Geoff’s experience, this just seems to be a very slow moving market pace; unlike the fast paced ups and downs of the stock market. From the perspective of number of units sold, we’re clearly trending down. It seems that every region in the U.S. is on that same path.
Over the last 12 months, housing supply was in the red, meaning there was a lack of it. In June there was a turnaround, with more supply. Some people are saying that transactions are going to catch up again, with more supply becoming available. However, Geoff is not entirely sure that is going to happen at this time. While he does believe there will be a strong market in 2019, the real debate is what is going to happen in 2020, 2021, 2022.
There was a period of time when rates were climbing, but now they are almost 1/2 a point lower than they were in October, November. The Fed is pledging to be patient with raising short term rates, as they’re seeing indicators of a potential recession on the horizon. They’re slowing down anticipated rate hikes which had been slated at the end of last year.
The Local Perspective – Orange and Sussex Counties
Units Sold
There is a lot to glean from the local stats, even as they play out on the national stage. In January, while the same as in 2018, it’s still higher than the previous four years. This is a good indicator.
In Sussex County, we’re just above 2016, but below 2017 and 2018, for the month of January.
Days on Market
This stat is an indicator of how fast things are moving. In Orange County, January 2019 is the lowest it’s been for this month in five years.
In Sussex County, the number of days on the market is tied for the lowest it’s been in five years.
Average Sales Price
As Geoff has mentioned in the monthly housing market updates, price lags activity. Price appreciation should be seen throughout the first half of 2019, but he believes in the second half of the year, prices will start to come down.
The highest peak was in 2018. January 2019 has the highest price for that month in the last five years. In general, higher prices should bring out more sellers, which should create more inventory and allow more units to sell.
Asking to Sold Ratio
This is the ratio of the last asking price versus where are homes selling. This shows on average how much sellers are having to negotiate off the price of their property. This is the highest ratio for this month since 2014.
This number is strong in Sussex County as well as in Orange. The numbers are still showing a strong market.
And thanks to our Sponsor…
The Housing Market Update is sponsored by REALLY – a better, smarter, faster real estate referral network for Agents. Learn more at ReallyHQ.com.
Panel Discussion:
Geoff introduced Jennifer DiCostanzo of Green Team New York Realty, the top producer in the company. According to Jen, supply and demand are a real challenge. On the Orange County side, sellers are afraid to list because they have nowhere to go if they’re shopping in the same market. If sellers are relocating, it’s easier for them to let go as they don’t have the same issues and can secure housing. She is welcoming this market because she finds buyers to be more educated and sellers more realistic. Jen is hoping to see the market open up.
Keren Gonen of Green Team New Jersey is a regular panelist on the Housing Market Update. Her thoughts on the January sales numbers were that the totals were a reflection of inventory not being available. Sales were higher last year as there was more inventory to sell. It still is a seller’s market due to lack of inventory. And there are several sellers on the fence, waiting to see what will happen in the near future. There is hope that these sellers will soon be listing.
According to Geoff, the lack of inventory is a real problem. Nationally and locally, seeing the numbers going down, it seems like less people are buying homes. There has been a lot of frustration for some trying to buy a home, and some may have rented when they couldn’t find anything. Some may now be locked into leases.
What will the market look like over the next few years?
Geoff asked Jen what she thinks the market will look like in 2020, 2021,2022 as far as pricing, activity… She feels that we’re at a more stable point now; that it will not be quite as erratic. After the last downturn, when prices finally started going up in 2016, 2017, it was a very poignant time. If you bought at the height of the market, you could actually sell and recoup equity. That is the silver lining in helping sellers make that decision when they need to sell. And now is that time. If job growth is good and stable and interest rates make home buying and financing affordable, the market should stay at a steady pace. Real estate is fueled by circumstance, regardless of the market. People will always need to buy and sell. If we can give leverage to the market by educating our buyers and sellers and strategically strategizing, you put them ahead of the game.
Geoff asked if Jen had been referring to those buying homes in 2006, 2007 and 2008 when she talked about recouping equity. Jen replied that basically, it would go short. Jen purchased her own home in 2007, and almost immediately she would have been unable to sell her home for what she bought it for. Where we are now is a good time to step back and walk away with equity. Whether you’ve been in your house for 10 years or 50 years, you’re going to recoup on your investment. Geoff recalled the downturn. There was a huge loss, almost 50% of the number of transactions from 2006 to 2008 disappeared, and it was a very difficult time. He found Jen’s point valid; that people should finally be able to move on and move into something else should they want to.
Geoff then asked for Keren’s 2-3 year view. She hopes that we remain in a strong market. With rates coming down, she sees more people who had been renting once again looking to buy. However, the issue remains inventory. Keren sees growth in the area, with people moving to Sussex from other counties in New Jersey and some from New York, attracted to lower taxes, etc. Buyers are more educated, but so are the sellers. Therefore you see homes that are priced correctly. She believes the market will remain good for at least a couple of years.
Mortgage trends
Mike Giannetto of Residential Home Funding was asked if he sees the trend of lowering interest rates continuing. Mike replied he hopes so. There has been a decrease in interest rates. There is a global slow down. The economies in China and Europe are getting weaker. We’ve had a downturn in our rates because we are the safest investment at this point. This definitely had an affect on mortgage backed securities and hopefully the stronger US market will continue.
Geoff recapped. The more risky other assets are, the more money wants to seek a haven in bonds, which drives down the rate that people need to give to attract people to buy those bonds, which ultimately lowers interest rates on mortgages. Instability and uncertainty around the globe actually can be good for mortgage rates to come down.
We know a recession will be coming; just don’t know when. Those that went through the last downturn in the housing market are waiting “for the other shoe to drop.” As long as there is no global meltdown economically, we should be okay. The market is pretty healthy. Geoff has heard of some subprime lending happening; he asked Mike if he’s seen it occurring at levels similar to 2005-2007. Mike replied that there are safeguards in place, even as some new products are being introduced. Some of the products are necessary in order for some people, such as self-employed, to purchase a home. The money behind these products is portfolio money or hedge fund money, which is why the loans are scrutinized. The banks are lending their own money, so are therefore quite careful.
To reach the panelists:
Michael Giannetto, Residential Home Funding: 845-496-0836, rhfunding.com/michaelgiannetto
Jennifer DiCostanzo, Green Team New York Realty: 917-916-9995
Keren Gonen, Green Team New Jersey Realty: 551-262-4062
The next Housing Market Update will be held on Tuesday, March 19 at 2 pm. Stay informed and sign up for updates at GreenTeamHQ.com/HMU.
Tom Folino – This former teacher is getting straight A’s from his clients
Upon retirement, this well-respected teacher and coach decided to turn his attention to a new career – real estate. When Tom joined the Green Team, Geoff Green said, “There might not be a better person to get into Real Estate in the Warwick market than Tom Folino. A true example of someone who has a huge network, is extremely likable, and always acts with integrity. What people might not know about him is that he is extremely diligent in his follow up and a very smart guy to boot. We are extremely blessed that Tom has decided to join our company.”
Geoff’s predictions are coming true. In his first year as a sales associate with Green Team New York Realty, Tom received an Honorable Mention Award for 2018, for achieving $1.5 to $3 Million in sales volume. And, while awards are good, the true reward for Tom is knowing that he has gone above and beyond for his clients. It’s now the former teacher who is being “graded,” and by the looks of it, he’s getting straight A’s!
A Special Transaction
A very special transaction was with Claire and Nick Previdi. Claire was a former student of Tom’s at Kings Elementary School. They purchased their first home in Chester, NY. Tom was also the listing agent for this home! This property was listed on December 4, 2018, and closed on January 18, 2019.
Client Testimonials
Barbara and Rob Lattimer – Warwick, NY 10990 — May 2020
Thomas Folino: Realtor Extraordinaire We recently purchased a condo in Warwick long distance. Tom guided us through the process with patience, professionalism and so much more. The Home Inspection needed to be done. We were 1200 miles away. Tom oversaw that. Major repairs were needed for the heating and a/c system. He supervised that work. Since we have taken ownership we have received texts from Tom letting us know all is well. It is obvious Tom loves his job and genuinely cares for those he serves. Thank you, Tom Folino!
Don Denmead – Warwick, NY — March 2020
Tom did an outstanding job in guiding me through the sale of my rental property. He was able to uncover multiple buyers even though the property had not been officially listed. Additionally, he explained the process and helped with the paperwork which optimized the time it took to complete the sale. I would recommend him to a friend and plan to use him again when I decide to downsize in the future.
Greg Maher – Warwick, NY — March 2020
I have known Tom Folino for roughly 20 years as he was my former elementary school physical education teacher. When I learned Tom was doing real estate I knew he would be the right person to guide me through my first home purchase. I wasn’t wrong. Tom was knowledgeable, compassionate, and understanding of all the questions I had. He regularly called to make sure I had everything I needed. I’m pleased with my new home and glad we could close in nearly 4 weeks. Job well done !!!
Evelyn Rosado – Greenwood Lake, NY — December 2019
Thomas is responsible, dedicated, respectful. He’s someone you feel comfortable working with. I’m very grateful I was able to count on him. I would definitely highly recommend his services.
Troy Edwards & Dashika Stewart– Monroe, NY — October 2019
Working with Thomas Folino was the best choice my fiancé and I could’ve ever made in choosing a real estate agent. We were both first time home buyers looking to relocate out of NYC. Thomas was so kind and patient each step of the way and assured us that everything would be fine within the process. He even went out of his way to connect us with a local mortgage broker who did a phenomenal job. We ended up closing on a three-bed condo in Monroe that we absolutely love. I would totally recommend Thomas to anyone and will for sure use him again. If he ever retired I would ask him to be my agent again one last time. 2019
Patricia and Thomas Lorgan – Warwick, NY — July 2019
We’ve known Ton Folino for over 40 years and both had the pleasure of teaching him. We were able to see his growth into an outstanding young man. Tom also became a teacher, and once again, we saw his growth as both a teacher and coach. He was our son’s basketball coach, and he was our other son’s supervisor as a swimming instructor. Tom was a wonderful and caring role model for not only our sons, but for all those who were fortunate enough to come in contact with him.
As a realtor, Tom continues to be just as outstanding. He worked tirelessly for us as we sold our home. Living in the same house for over 50 years and raising our 2 sons there meant we had some long-lasting memories, which were not easy to give up. Tom guided us through all those emotional times, and he made the transaction of going from homeowner to home seller as smooth and caring as possible. We had complete trust in Tom, and as always, never disappointed us. Whatever the highest rank possible for a realtor, Tom Folino is a deserving candidate. I wish all those who decide to sell their loving home to be as fortunate as we were to have Tom guide them on their emotional journey. Simply put, Tom Folino is the BEST !!!!
Brian Cisek – Warwick, NY — Mar 2019
Tom was very professional and easy to work with. He found me a great place in the location I wanted.
Miriam Stanford-Cusack– Greenwood Lake, NY — Mar 2019
We happened on Tom while wandering beautiful Warwick and knew from that moment he would be amazing! He is so patient and genuine. Tom found us exactly what we were looking for and was personable and informed. The whole process was practically stress-free and I love the place we found. I would recommend him!!
Mary Cusack– Greenwood Lake, NY — Mar 2019
Tom was knowledgeable, honest, always good-natured, and very hard working. He never stopped looking for possible places that might meet our needs and he did accomplish it. Tom found a beautiful place that exceeded our expectations. He negotiated a great price for us as well. Tom was always available when we had questions or requests. We had had previous experiences with realtors and Tom was a breath of fresh air!!! We’d recommend Tom without hesitation to anyone in the future!!!
Claire and Nick Previdi – Monroe, NY — Jan 2019
We are so pleased with our experience working with Tom to purchase our first home! He guided us through the entire process and was always available to answer any questions we had while responding quickly to calls and texts. I couldn’t believe how fast we closed on our house! Tom worked hard for us and always made sure we felt comfortable and understood what was happening at every step along the way. He immediately put us at ease as first-time homebuyers with his kind and personable nature. We highly recommend Tom for anyone looking to buy a house!
Joe LaBarca – Greenwood Lake, NY — Jan 2019
I met Tom Folino from Green Team Realtors when I decided to sell my home. Tom was very personable and upbeat about the process. Our home went up for sale in July and closed in Nov. He worked hard on selling our home and his marketing skills and negotiations were the best. We had lots of conversations about selling the house. He listens to all that is said to him He is fantastic. BIG Thank You, Tom. With his help, we are also in our new home 2500 miles away in Nov. also and I highly recommend Tom if you are buying or selling a house
Nicholas Mazzella – Warwick, NY — Dec 2018
I am so thankful to Mr. Folino, he really helped me find and get a place that I absolutely love, answering all questions, and putting in the time needed to help me. He was always in my corner from start to finish keeping me up to date and informed about any available homes and getting showings. Tom’s a hell of a real estate agent and will give you nothing but the best in service and work his tail off to get you what you’re looking for. Truly a pleasure to work with.
Kathleen Cisek – Warwick, NY — Dec 2018
I’ve never worked with a real estate agent as skilled and kind as Thomas Folino. He didn’t waste my time with rentals that weren’t for me, and found me the perfect house for rent based on the guidelines I gave him from price, number of rooms, to the bright kitchen. Tom knew exactly what I needed without my embellishing. As a woman, sometimes agents take advantage & waste time, but I’m happy to say Tom is not one of them! I was very happy with my experience. Tom was very thorough and helpful with any questions I had regarding paperwork, state regulations, rental procedures, the house, landlord & neighborhood. He helped me put in a strong application and the landlord chose me. With this competitive market, when I buy a house in the future I will definitely contact him. Thank you, Tom!
Joanne Haberlin and William Schwartz – West Milford, NJ — Dec 2018
Mr. Folino is the epitome of professionalism. He had a great knowledge of this area and several others. Tom also had the patience of a saint with my husband and I being so unsure of what exactly we really wanted. He stuck with us found us exactly what we needed and when this lease is up we will be using him again hopefully to purchase versus rent this time. I would highly recommend using him to anyone renting or purchasing!
Alberto Mata – Suffern, NY — Dec 2018
Mr. Folino is a great human being. Always ready to help in any way he can. I will highly recommend him as your realtor. He will always go above and beyond to satisfy your needs.
Scott and Victoria Cable – Washingtonville, NY — Nov 2018
Tom did a great job of helping us purchase our first house. He is a great negotiator and does a great job of communicating with the listing agent to expedite the whole entire process. He was very knowledgeable and informative which was fantastic since this was our first home. Tom is always there for us, responding to text or calls quickly no matter the time or the day! We went through other realtors before Tom and once we met Tom it was night and day in quality of service. I will recommend Tom a thousand times over!
Amanda Calabrese – Warwick, NY — Jul 2018
I just wanted to reach out with some positive feedback regarding one of your agents, Tom Folino. I’m not sure if this is the best forum to send this to you, but wanted to start somewhere. My husband and I have been working with Tom since April and he has shown us nothing but dedication, hard work, positivity, and communication. Tom made himself available to us even on his own personal time and followed up with every question in a very timely manner. I have had a few experiences with other realtors and Tom, by far, has exceeded all of these other experiences. Although we haven’t bought a home yet with Tom I would not hesitate to use him in the future and would highly recommend him to everyone looking for an agent in Warwick, New York. Please let me know that you received this email and would love to put this in a more formal letter if that would be helpful. Thank you for your time, Amanda Calabrese
This post has been updated 6/16/2020
Green Team New Jersey Realty is #1 in Vernon
Green Team New Jersey Realty is the #1 real estate office in Vernon* and they couldn’t be prouder.
Some of Green Team New Jersey Realty Partners share their thoughts
According to Equity Partner Charles Nagy, “2018 was an exciting year for Green Team New Jersey Realty on a number of fronts. First and foremost, it was a year of great accomplishments for the team. Not only did we bring on some new and experienced talent, but we also bought our own office building. And, as a result of the team effort, we ended the year as the #1 real estate office in sales volume and transactions in all of Vernon, NJ after only our second year in business. It is exciting to see what we accomplished as a team for the entire year.”
Kim Lasalandra, Managing Broker, described how she felt. “I’m ecstatic! To be the #1 office in terms of sales volume within two years of opening our doors is truly remarkable. And it’s a tribute to the incredible work ethic and determination of our sales associates.”
Geoffrey Green, the founder of Green Team New York Realty and a partner in Green Team New Jersey Realty, shared his thoughts. “I’m very proud of everyone at Green Team New Jersey Realty for taking Green Team Realty’s model, bringing it to Vernon, growing it, and achieving #1 status. I just can’t wait to see what 2019 brings!”
Green Team Realty’s dedicated approach…
Green Team Realty’s dedicated approach has proven that the results are impressive when you provide productive, dedicated agents with continual training and support, a culture that values clients through excellent service and an appreciation program, and an array of competitive advantages. Furthermore, Green Team Realty’s commitment to local community and charities is another aspect that attracts like-minded real estate professionals.
Green Team New Jersey Realty’s new office is located at 293 Route 94, Vernon, NJ. To learn more, visit GreenTeamHQ.com or call 973-814-7344.
*As compared to all GSMLS Offices located in Vernon Township by closed sales volume for the time period of 1/1/18-12/31/18.
