Joey Remondino

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Joey Remondino,  in Prince William County
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About Me
Joey Remondino
Principal Broker, Realtor, GRI, E-Pro
StoneHouse Realty Inc.
Cellular (703) 586-7226 Fax (703) 392-6933
Office (703) 392-6931 Ext. 223

Professional Credentials:
Member, National Association of Realtors
Member, Virginia Association of Realtors
Member, Prince William Association of Realtors
PWAR Top Producer
E-Pro Graduate
Graduate, Realtor Institute
Member, Prince William Chamber of Commerce
Principal Broker

Business Experience:
As a manager I have been recognized as a goal-driven, skilled professional who could be counted on to always deliver results. As a Personal Banker I advised clients how to manage their major assets. This has helped my clients a great deal in real estate since a home is one of your largest assets. I have enhanced my interpersonal and communication skills having dealt with a diversity of professionals, clients, and staff in my past professions. I have, and continue to achieve success by discovering the needs of my clients and filling those needs to help them achieve their goals.

Education:
I received a Bachelors Degree from Belmont University; however, education must be a continuing endeavor in order to stay informed of new technology, market conditions, and laws so I can best serve my clients.

Mission:
I will provide exceptional real estate services to my clients to aid in the procurement of their goals and dreams, and in doing so I will build meaningful relationships with my clients and in turn help improve our community. I will accomplish this with integrity, respect, patience, humor, and gratitude.
My Q&A View all >>
Joey Remondi…'s Questions (0)
Joey Remondi…'s Answers (29)
Joey Remondino answered:
The point I am making is real estate is local and there are great deals out there for investors and future home buyers.

I am not disagreeing with the point that as an Avg prices are still falling, because they are, as an Avg; however, there are homes and neighborhoods out there that are under priced.

There are many homes and neighborhoods that are over priced because there have been little to no distressed properties for sale in those respective neighborhoods. The neighborhoods that have had a lot of distressed sales are the under priced areas.
(distressed sales = REO’s/foreclosed homes and short sales)

I can only prove this in Northern Va, and I would venture a guess and say it is the same in many places around the country.

I am disagreeing with two points, Real estate can be a great investment and there are opportunities in this market.

Second, giving a blanket statement that real estate is dropping everywhere and do not buy now, is 100% wrong.

This is a great time to buy as long as a buyer and their REALTOR are sharp and do their due diligence to find the best deals available.

John the Bruce, if I seem bitter I apologize that was not my intent; we will just have to agree to disagree.

Again good luck to you all, I hope you all make a lot of money. - Fri Apr 4 2008, 07:01
Last comment to John the Bruce, a.k.a. I am afraid to tell people my real name.

Let me correct myself, when I said people are running out of real estate, I meant running away from real estate.

If you knew anything about investing you would know that the $170 positive cash flow on this property translates into 18% annual return. (remember 10% down)

Wow, that’s not all Bravehart fan, let us not forget the tax benefits for the property owner.

I would explain this but I do not have time, so why don’t you call into Cramer give him a big boya and he will give you a lesson. He also agrees that it is time to buy real estate. Good Luck, thanks for the debate. - Thu Apr 3 2008, 13:04
I will try to make this one simple for all those who throw out numbers and statistics they see on CNBC or their e-trade account.

I just sold a single family home in Northern VA for $115,000. This home last sold 2 years ago for $355,000.

The total payment is $929.53 that includes PITI. (10% down)

The new owner has rented it for a two year lease of 1,100.

That is a $170 positive cash flow and someone else paying for the new owner’s mortgage.

Most people will never make money in real estate because they do not know how too, and this does include many REALTORS. Real estate is local, and to generalize it is ignorant.

I do not need to prove any of this to anyone except my clients.

While many of you sit in your Lazyboy and play armchair stock broker or real estate mogul. I will continue to make money in any market for myself and my clients.

Amateur investors were part of the cause that drove up prices anyway so I hope most people keep running.

John The Bruce—My data is in my clients and my bank accounts. - Thu Apr 3 2008, 06:44
The sky is falling…… the sky is falling.

Run for your life…… real estate is going to destroy the universe.


While everyone is running out of real estate, the real investors are buying the smart property.

Warren Buffett said it best.
"Be fearful when others are greedy and greedy when others are fearful" - Wed Apr 2 2008, 14:32
Cindy is correct; the Northern VA area is much different neighborhood to neighborhood. I have seen two comparable homes a few miles apart in different neighborhoods 80k different in price.

Why is this, you ask?

Some neighborhoods have more REO’s/foreclosed homes and have caused prices in the neighborhood to drop. The other home just a few miles away has had few or no distressed homes and has remained priced too high. This has caused some areas to be overpriced and there are even some areas that are under priced. This is why it is imperative to have a good agent working for you.

Good Luck - Wed Apr 2 2008, 14:15
Joey Remondino answered:
Short sale= An owner who is selling a home and will net less then what is owed on the property and the bank/lender will take the loss.

Foreclosure= The process by which a bank or lender takes a home back from an owner who has defaulted on the loan. (the property is usually offered on the court house steps for the price of the outstanding loan)

REO= Real Estate Owned, usually by the bank or lender and is on the market for sale through an agent or at action. - Wed Apr 2 2008, 14:37

2BR End-Unit vs. 3BR Interior Townhouse

Joey Remondino answered:
I agree with the comments below, the three bedroom is better for re-sale. - Wed Apr 2 2008, 14:18
Joey Remondino answered:
Time is very important when it comes to short sales, so if you are limited do not go that route. There are some agents out there who think short sales are a waist of time, they are wrong. The key when dealing with short sales is having an agent that is an expert with them and the listing agent must also be experienced. There are owners and listing agents that do not know what they are doing or how or why a bank would be motivated to approve a short sale.

I have included a link below that all buyers in Va. Should read.

Good Luck. - Wed Apr 2 2008, 14:06
Joey Remondino answered:
John,

Cindy is right this is a in depth question and when you employee an agent that can help you sort this out. Be careful in Woodbridge with the current prices of homes in the area. I told someone else the same thing recently about that area. It is a good time to buy in many neighborhoods in Woodbridge but some neighborhoods are still over priced. If I can be of service please contact me at 703-586-7226.

Good Luck

Below is an article on Buyer agency in Virginia. - Thu Feb 28 2008, 07:39
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