About Marino Acquisitions
Q: Where are you located?
A: Marino Acquisitions is based in New York City (NYC). While our headquarters are in NYC, we purchase properties in multiple states across the country.
Q: Why do you buy property in other states?
A: We partner with builders, developers, and investors in various markets. Our business model allows us to identify opportunities nationwide and partner with builders who are actively building or investing in those areas.
Q: Can we meet in person?
A: We’re happy to schedule a Zoom call to meet face-to-face and walk through everything together. Because we buy properties across multiple states, we’re not able to fly out to meet every seller in person, although we would genuinely enjoy doing so. The title or escrow company ensures the transaction is handled securely and professionally regardless of location.
Q: Why do you buy land?
A: We specialize in land acquisition and partner with builders and investors who develop residential and commercial projects.
Q: How quickly do you close?
A: We typically close within 3-6 weeks, depending on title work and the specific property. If you need more time or prefer a faster closing, we can often accommodate that as well.
Q: Can I call the title company and ask questions?
A: Absolutely. The title or escrow company is a neutral third party, and you are welcome to contact them directly at any time during the process. They can answer questions about closing, taxes, title work, and fund disbursement.
Q: How many properties do you have the ability to buy per month?
A: We have the capacity to purchase multiple properties each month. While we typically close on 5–15 properties monthly, our buying capacity is flexible and not limited to a fixed number.
Q: Do I have to pay any commission or fees?
A: No. There are no commissions, listing fees, or hidden charges. You pay nothing out of pocket — we cover all standard closing costs unless agreed otherwise.
About Transacting with Us
Q: When do I get paid?
A: You will be paid in full on the closing day via the title or escrow company handling the transaction. All funds are disbursed securely and professionally.
Q: Who pays the closing costs, and what do they include?
A: We typically pay all closing costs, including title search, escrow fees, and transfer taxes. These are standard fees in any real estate transaction, and we’ll confirm all terms in writing before closing.
Q: What is a title company?
A: A title company is a neutral third party that handles the legal and financial details of the sale. They make sure the title is clear, prepare the closing documents, collect and disburse funds, and record the transfer with the county. This protects both you and us and ensures everything is done correctly.
Q: How does the closing process work?
A: Once we agree on the terms and sign the purchase agreement, the file is sent to a local title or escrow company. They complete a title search, prepare the closing paperwork, and coordinate signatures. After everything is finalized, they disburse the funds and record the deed. We guide you through each step so there are no surprises.
Q: Will I get paid before I transfer the title?
A: Payment and title transfer happen at the same time through the title or escrow company. Your funds are released at closing, and the deed is recorded immediately afterward. This ensures you’re paid securely and that the transaction is handled properly.
Q: How can I receive my money?
A: You can receive your funds via wire transfer or a certified check from the title or escrow company. We’ll confirm your preferred method ahead of closing and make sure everything is set up smoothly.
Q: I have back taxes. Who pays them?
A: Any unpaid property taxes are the seller’s responsibility and are handled through the closing process. These are not fees or commissions. The title or escrow company will identify any back taxes and ensure they are paid or resolved at closing as part of the sale.
Q: Who pays property taxes up to the sale date?
A: Property taxes are prorated as of the closing date. The seller is responsible for property taxes up to the day of closing. These are not fees — they are standard property taxes owed on the property. We are responsible for any taxes after the closing date.
Q: What if I’m not sure how much I owe in taxes?
A: That’s completely fine. The title or escrow company will calculate the exact tax amounts and provide a clear breakdown before closing so you know exactly what to expect.
