Mortgage Assignments and the CEMA (Consolidation, Extension and Modification Agreement) Back in 2017, Dan wrote a post about CEMAs. Fast forward a couple of years to 2020, and many players in the residential real estate market (including many real estate brokers) still don’t know what a CEMA is. For this reason, we’re writing another post […]
It’s a buyer’s market. Should you sell? Pretty much everyone is in agreement that today’s market is more favorable for buyers. This doesn’t mean that you shouldn’t sell now, but it does mean that you should be mindful and realistic about how much you will sell for. In this post, we will share with you […]
The Death of Fairway Market | Impact on UWS I’ve been reading a lot of articles today about what is going to happen to Fairway Market. We heard rumors over the past few weeks that Fairway might file for Chapter 7 bankruptcy and close its stores. This morning, the Post put out an article, and […]
Digs in Vermont Every year over MLK weekend, we take a road trip and head to Vermont. We rent a big house near Okemo Mountain with lots of beds and get a great group of friends together for a long weekend of skiing, snowball fights, food, wine and hot tubbing. This year in Vermont We […]
A smarter way to sell | Digs Realty broker commission discounts One of our biggest challenges is educating home sellers that our commission discount model exists. Most people are not aware that they can hire a real estate broker to sell their home who charges a fraction of the commission traditional brokers charge. Digs has […]
Digs in Panama While Digs operates solely in New York, we have many friends and clients outside New York who are very good to us who we try to see periodically (so they don’t forget about us). Why Panama? As we have written about before, every year on Thanksgiving, we host a charity auction. All […]
A better way to buy | Digs Realty broker commission rebates One of our biggest challenges is educating home buyers that our commission sharing model exists. Most people are not aware that they can hire a real estate broker who offers commission rebates. Digs has been operating in NYC since 2014 and has given $4MM […]
First Time NYC Home Buyer Tips At Digs, we work with a lot of first time home buyers. Often times, these are our favorite clients to work with. Everything is so new and exciting for them, which makes it more exciting for us. There are a few things every first time home buyer should know and […]
Debt-to-Income Ratio Requirements in NYC Real Estate You need far more than a down payment to buy a co-op in New York City. Just because a bank is willing to approve you for a loan, doesn’t mean a co-op board will also approve you. When buying a co-op in NYC, you will also need to […]
Post-Closing Liquidity in NYC Real Estate You need far more than a down payment to buy a co-op in New York City. When buying a co-op in NYC, you will need to meet the building’s post-closing liquidity and debt-to-income ratio requirements. Many co-ops have specific requirements, while others take a holistic approach to evaluating a […]