When selling the homes of Buyers who did not have a Buyer Agent Represent them in the purchase of their new construction home (all builders), I find that there is a greater misunderstanding of terms in the mortgage that have a direct impact on the owners bottom line, in the sum of thousands of dollars when selling and title insurance options that could have saved the seller hundreds of dollars when they sell, were not opted at the time of the purchase. A Buyer's Agent would have helped the Buyer of that new home keep more of their equity when the go to sell that home.
Due to the fact that agents more that likely will not get a commission if you purchase a Maronda home, It is most dissapointing to any agent to loose a client to a Builder or FSBO who will not pay a commission.
The Realtor has worked many days or weeks, locating homes, educating the buyer about areas, schools, etc, showing dozens of homes, sharing their years of knowledge so that a Buyer can make an informed decision about the largest investment many will make in their lives. Many do not realize that the only reason they (the Buyer) knew that the Builder home in that area and that neighborhood was the best option for them is because of the many hours the agent dedicated to helping them find the right home. If you were happy with your Realtor and you purchassed a home without them just try to remember them by sending referrals . Realtors are not on salary. If your Realtor was unprofessional perhaps they deserved to loose your business and your referrals
I am nearly as pleased as you are that you had such a terrific experience! Kudos! Congratulations! Since Maronda is also building homes in Newberry, FL--an area I service--I'm happy to receive any input (especially positive) which may assist any clients I represent. So far, this is the only information I have received about Maronda homes. But would you kindly post some profile information? Your question and response to it sound suspiciously commercial-like... I apologise if if I am off-base here, but I'd really like to know...
Our neighbor had to redo his bathroom because the toilet was installed incorrectly and flooded the floor multiple times.
This is just a little bit of the problems. Maronda only solution to any problem is to caulk it.
Will NOT recommend it to anyone - sounds like you got the only home they cared about building in code.
I would expect that you have a sales contract or some documentation regarding the deposit or lot hold funds you gave the builder. It would specify the terms required to qualify for a refund. If you have met the terms or do not have documentation other than your cancelled check, contact the area sales manager and ask for your refund.
The Columbus Dispatch reported on April 20, 2011 that Maronda homes, Ohio's third largest builder, filed for bankrkuptsy . This could be part of the problem of getting your deposit returned.
I wish you the best of luck. It would have been great if you had a Realtor as your Buyer's Agent. They could have warned you about the impending bankruptsy. A Buyer's Agents commission is usually paid by the seller through the listing Broker. Their services could have also proved to be very helpful with your current purchase .
He keeps pushing the house on me and I dont want it , I have already went with another builder I have also filed with the BBB in my area and also will file with my Attorney General as well. STAY AWAY FROM MARONDA
Any business out there that cares about its customers must first display "integrity" . Sure Maronda has to use cheap labor/material, but you know what, I peronally saw worker with their children working on one of their sites, took pictures and have these pictures of numberous beer bottles thrown around the base of my house when it was being built. I have video of my home that repairs where fixed with "bandaid" to hide flaws.
Shame on those who rape home owners of the wonderful experience of home ownership. Hope Maronda gets its reward from GOD!!!
Some subcontractors build according to what they're paid and some care about the quality. Maronda only
cares about the QUANTITY not quality. Subcontractors who care about the quality of work get very little
money to make sure you're safe in your home, others just want paid. You must of had someone who actually
cared and not just did what they were paid to do. If all Maronda subcontractors built according to what they
were paid, the first wind storm that came along all your houses would blow down! It's a shame that the realator that tells you how pretty the kitchen is makes MORE money than the framer that makes sure your house doesn't blow down in the middle of the night. That's the problem with Maronda and that's why they
can pay all your closing costs because the people who build the homes make a drop in the bucket compared
to the profit they make. They pay maybe $10,000 to build the homes and profit at least $240,000 so yes they
can spare 10 percent to pay your fees because they still make at least $200,000 and that's on their LEAST
Thanks for re-posting (and for not being offended by my question)! I understand your reluctance to post personal info on the net... Your "minor downsides" don't seem very minor to me; but if you are this thrilled with the outcome, it's no longer your concern... I am so happy to receive positive information posted by an actual consumer. Thank you! I will indeed keep them in mind for future transactions. Best of luck in your new home!
Carol asked what the terms of my loan were, I just wanted to provide the full details. Not sure what you want to see in my profile, most of us non-realtors don't like posting their mug on the 'net :) Not much to say about myself that's relevent here, but would be glad to answer any questions you may have!
Ha, if I worked for Maronda I wouldn't talk about the "junk fees" they list on the loan (even though you never have to pay for them because they cover the closing costs, seemed a bit hokey to me...)
I will give you a minor downside about my experience - the sales folks did engage in some pressure tactics and misleading jabber for the sale of the home. Nothing I've never heard before ... "another buyer" was interested (wasn't true), was accused of not being a serious buyer, salesperson was very misleading about the meaning in the terms of the contract. You deal with this with EVERY builder... and they weren't nearly as bad as other builders in the area. If you know how to negotiate it rolls right off.
Otherwise ... I was blown away. I'm really baffled why these homes haven't flown off the market at this value!
For the loan fees, essentially they make up a bunch of junk fees ... then they pay them (yes, there is a bit of theatrics here... but the bottom line is I still didn't pay a penny for closing costs.)
My Loan terms through Maronda: 30 years, fixed rate, 5.75%, no prepayment penalty.
( At the time - about a month ago - the best rate I could find from anyone - including Countrywide - was 6%. Believe me, I'm resourceful, and that was the best I could get. MFC offers the absolute lowest rate available and it looks like they make nothing off of the deal - it's just an "added value" that helps them put people into their homes)
Maronda is the real deal, they offer an amazing value, and really I feel they were ALOT more honest than any of the other builders we visited here (and we visited ALOT) The same week we were there, a salesman from SEDA insisted that the best rate we would find was 6.25% (of course, through THEIR finance folks.)
The official deal Maronda offers is up to 3% of your purchase price towards closing costs. For me, it covered everything.
On top of it, in this tough market, they're dealing. Not often in life you get to offer a builder 10K less for a home and have them listen!
Maronda has opened a few homes up to realtors in the Yulee area, they are incredible deals right now.