The Perils of Price Per Square Foot

With the volumes of useful data available for all to see on free and user-friendly websites like Streeteasy, ACRIS and GIS Map, the NYC real estate market has never been more transparent than it is today.  And with all this data at their fingertips, the homebuyers who are making the largest purchase of their lives […]

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Digs Realty Q1 2018 Newsletter

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, […]

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Waiving the Mortgage Contingency when Buying a Home in NYC

Buyers who require financing can improve their chances to compete with cash buyers by waiving the mortgage contingency.  Most of my deals over the past few years have been cash or non-contingent.  An increasing number of my deals today are contingent, but it is still a minority.  This blog post discusses a bit about the […]

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Digs Realty’s NYC Home Buyer Guide

Welcome to our NYC Home Buyer Guide. Due to a number of factors unique to the New York City market, the home buying process here is a particularly complicated and stressful endeavor. The below presents a description of each phase of the process and should serve as a good primer for those who are considering buying NYC […]

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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, with the rebate; strategically, with my market knowledge, written analyses, and guidance throughout; and emotionally, as the buying process can be extremely frustrating and depressing for many first-time buyers).  Most first timers […]

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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, which is split with the buyer’s broker if the buyer has a broker. On larger transactions, the commission […]

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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, but it is still difficult to avoid high closing costs on co-op purchases. Below is a brief description of […]

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Is The Real Estate Broker Commission Rebate Legal in New York?

A question I frequently get from clients:  Is the real estate broker commission rebate legal in New York City? Thus, the topic of my first blog post — is the commission rebate legal? The answer is, in New York, the rebate is most definitely legal.  Section 442 of New York’s Real Property Law was amended […]

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