Are you a First Time NYC Homebuyer? Last night I participated in a well-attended panel discussion to demystify the NYC homebuying process. The discussion was graciously hosted by the Cornell Club and co-sponsored by NYC Cornellians. More than 50 Cornell grads (and friends) came out to hear my advice, together with that of Justin Waiser (a […]
Absolutely lovely clients of mine – a young married couple expecting their first child – just closed on their first home purchase in downtown Brooklyn and wrote me such a touching note that I am happy to share (a link is below, in PDF format.) It is expressions of gratitude like this that make what I do so […]
Hi Everybody, Happy Holidays! What an amazing year 2015 has been, exceeding just about everybody’s expectations! We continue to receive a tremendous response to our offerings and are poised to significantly increase our business in 2016! In addition to keeping over $350,000 in our clients’ pockets, 2015 saw the evolution of Digs, as we responded […]
Many of my clients have different reasons why they want to buy NYC real estate. Some people make a lot of money and want to take advantage of the mortgage interest deduction to reduce their tax liability. Others look at renting as flushing money down the toilet and want their monthly payments to build equity in an appreciating asset. […]
Yes, that’s what I do. I pay people to buy an apartment in NYC by giving my clients a huge percentage of my commission cash back at closing. A lovely client looking for an Upper West Side pied-a-terre to be closer to his grandchildren was referred to me by a good friend, who happened to […]
When is a deal not a deal in NYC real estate? I’ll help you figure it out. Picture this: John and Jane buyer are married with a child on the way. They are both hard-working professionals with advanced degrees from outstanding universities. Together, they earn a very good living by any objective measure and have […]
A Detailed Description of the NYC Home Buying Process I really enjoy working with first-time homebuyers in NYC real estate because I feel like I add the most value to them, financially, strategically, and emotionally. Financially, with the rebate; strategically, with my market knowledge, written analyses, and guidance throughout; and emotionally, as the buying process […]
REBNY Clarifies to NYC Brokers that Sharing Commissions with Buyers is Legal Every week, REBNY sends its members a “Legal Line Question of the Week” email, which answers a legal question asked by one of REBNY’s members. This week’s topic dealt with the legality of the real estate brokerage commission rebate and the answer, copied below, was […]
Digs Realty and the Broker Commission Rebate in New York What is the typical commission structure of residential real estate deals in New York City? In New York City residential real estate deals, the seller typically pays 6% of the purchase price to his or her broker. This is split with the buyer’s broker if […]
Typical Transaction Costs when Purchasing Real Estate in NYC All buyers incur transaction costs on their NYC home purchases. This is an unfortunate reality of the NYC real estate market that you cannot avoid. Co-ops generally have lower purchase closing costs than condos or houses. However, it is still difficult to avoid high closing costs […]