Rejection from Co-op Boards Buyer’s and seller’s real estate agents do everything they can to avoid rejection from co-op boards. Before accepting an offer, a seller’s broker will scrutinize the buyer’s profile. They will look at the buyer’s financial profile, including their debt to income ratio and their liquid assets after closing. The agents will consider where the down payment (in the...
Choosing a Real Estate Broker to Sell Your Home Choosing the right real estate broker to sell your home can be a daunting task. I always tell people if they have a warm referral, they should start their search there. If you don’t have a solid referral and are reaching out cold, you should ask the agent to put you in touch with some of their clients. By speaking to other clients, you will get a...
Track Record Proves Traditional Brokers Work with Rebate Brokers and Discount Brokers At Digs Realty, we have been offering rebates and discounts to our clients since 2014. Our track record of closing over 150 deals proves that traditional brokers have no issues working with good rebate brokers and discount brokers. Why? At the end of the day, all brokers want to close a transaction properly,...
Real estate agents are allowed under New York State law to give home buyer rebates to their clients. The New York State Attorney General encourages buyers and brokers to take advantage of commission rebates as noted here. Since 2014, Digs Realty Group has given huge broker commission rebates (over $3.25 million) to its clients. Digs has done this without ever compromising on service, honesty or...
Digs Realty up to 2% of your purchase price cash back at closing Enjoy the Buyer’s Market…While It Lasts The news media continues to report on the dismal state of the NYC residential real estate market for sellers – from Crain’s: “Manhattan Home Prices Fall Again”, from Bloomberg: “NYC Home Sellers Are Cutting Prices Like It’s 2009 – And Then Some”, from The Real Deal: “Stubborn...
The Perils of Price Per Square Foot The NYC real estate market has never been more transparent than it is today. This is due to the volumes of useful data available on free, user-friendly websites like Streeteasy, ACRIS and GIS Map. With all this data at their fingertips, homebuyers have never been more well-informed. With the ability to search for real estate at their convenience, they pore over...
Digs Realty up to 2% of your purchase price cash back at closing Happy Summer Everybody! We hope you are all feeling good with the start of warmer weather and enjoying the World Cup! Please enjoy our 2018 Q2 newsletter. A Tale of Two Markets We are in an unusual market right now. According to a Streeteasy report, at the end of May, there were 9,720 properties available in Manhattan – a...
Is it Spring yet? The calendar says yes, but it sure doesn’t feel that way. After two months of fairly icy market activity to start the year, things have started to pick up, and buyers are starting to shake off the cold. The reality of the new tax law has set in, but uncertainty abounds, and, at least anecdotally, some people are leaving NYC to lower tax locales. The Fed continues to raise...
In addition to a new tax code that has drawn the ire of many New Yorkers, 2018 has brought with it a material rise in mortgage interest rates. Mortgage rates have now risen for eight consecutive weeks to start the year, and, with the economy chugging along and continued robust home sales, the Federal Reserve is not planning on doing anything to return to the days of 3% 30-year fixed rate loans. While...
I'm a little late reporting on this, but with our first closing of 2018, a gorgeous brownstone restoration project in prime Bed Stuy, we eclipsed the $2MM mark in total real estate commission rebates given out since we began this whole Digs thing. This is such an awesome milestone, especially considering that we only eclipsed $1MM in broker commission rebates barely more than a year ago. Here's to...
Happy New Year, everybody! As we wrap up another year helping home buyers and sellers navigate the complexities of the NYC real estate market, and saving them real money with our real estate broker commission rebates and discounts, I would like to extend a personal thank you to all of you for continuing to refer your friends, family, colleagues, and others in your networks to Digs. Without you, we...
The new tax bill approved by the House and Senate and signed into law this year presents a world of unknowns for the real estate market going into 2018. There is (a) one major piece of the legislation that will directly make the ownership of most NYC real estate more expensive (the lowering of the cap on the mortgage interest deduction from $1,000,000 of mortgage principal to $750,000), and (b) one major...