Find Real Estate Agents and Homes for Sale


Real Estate News --> Delaware News

Want Real Estate Without Hassle? Consider a DST


Many people like to round out their portfolios with real estate investments. SEE ALSO ... and cons of using a 1031 exchange to put their money into something called a Delaware Statutory Trust (DST). A DST ownership offers most of the same benefits and ...


Archived Story

Forgot Username or Password New Here? Create an account Home News News by Industry News by Regoin American Europe Arab World Asia Africa Press Releases Submit Your press Authors Register Submit your Articles RSS Market Data Equities Market Global Indices MENA Indices Qutoes & Charts End of Day stocks Currencies Currency Convertor Cross Rates Historical Currencies Libor Mena Stocks Commodoties Oil & Energy Economic Calender MENA Corporate Monitor Research Premium Research Free Research Countries Saudi Arabia UAE Bahrain Qatar Kuwait Jordan Oman Egypt Lebanon Iraq Palestine Syria Tunisia Algeria Morocco Yemen Sections Weather Events Real Estate Financial Glossary AdvimgBanner=0; (adsbygoogle = window.adsbygoogle || []).push({}); This start-up is taking on the New York real estate broker monopoly Date 7/23/2017 4:42:28 AM (function (d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); } (document, 'script', 'facebook-jssdk')); Tweet on Twitter (MENAFN Editorial) New York-based next generation real estate technology and brokerage firm NestApple (www.nestapple.com) is offering home buyers the opportunity to earn a 2% rebate check of the sale price NestApple founders, Georges and Nicole Fishman Benoliel are long-time real estate investors in New York CityAfter going through the lengthy and costly process several times, they grew increasingly uneasy about the outdated systemWhile most segments of the economy have evolved due to innovation, real estate still operates in an antiquated manner which dates back from the 1980sWhile websites like Streeteasy or Trulia make it easier than ever to search for homes and find comps, nothing has changed in the way people buy and sell real estate In an increasingly transparent market, there is less value in what traditional brokers offer'The market has never been so transparent', says Georges Benoliel, 'all the information is available online, two clicks are all it takes to know what your neighbor paid for his apartment or whether he took a mortgage''The role of realtors needs to evolve and adapt' adds NicoleWhile searching for ways to bypass the system, Georges and Nicole stumbled upon the concept of commission rebates which are legal in 40 States according to the Department of Justice and have in fact been publically encouraged by New York's Attorney General Real estate fees are too high Real estate fees in the U.Sand New York especially are considerably higher than in Europe and represent 5 to 6% of the sale priceThis percentage is then split evenly between the seller's agent and the buyer's agent (2.5% to 3% for each), if not, seller's agent receives the entire commissionNestApple is listening to the marketWhile some brokers sometimes give small discounts, a vast majority of them will not decrease their commission structureNestApple pays back 2% to the buyer at closing which averages $22,000 Benefits for buyers NestApple is a licensed brokerage with an efficient platform which assists clients in placing a bid all the way through closing the deal and everything in between NestApple's founders believe buyers can look up properties themselves; all the information is available online and all you need is a guiding hand and experienced agent to assist you in pricing and negotiatingThe role of brokers has changed and so should the commission they receive'Our goal is to bring sellers and buyers together in a more efficient way, and pass the savings onto our clients", says Nicole Fishman Benoliel Social responsibility NestApple is joining The South Bronx Educational Foundation to foster the development of young kids in the BronxEvery time NestApple closes a deal, the company makes a donation to finance a mentoring program for a kidAs Georges and Nicole believe in corporate responsibility of entrepreneurs and that businesses should play a role in social innovation and engage the local community'Our partnership with SBEF allows us to give back and create a sense of community in our city', concludes Nicole Contacts: Georges Benoliel, CEO infonestapple.com 1-855-NESTAPPLE MENAFN2307201700703177ID1095649394 Tags Comments No comment Category Business/Finance Politics Economy Real Estate/Construction Telecom & Tech Date 7/23/2017 AdvimgBanner=0; (adsbygoogle = window.adsbygoogle || []).push({});   Most popular stories   Day | Week | Month window.onload = function () { GetPopularStorys("#pop1", "0", "L"); }; function loadDoc(page_link) { var xhttp = new XMLHttpRequest(); xhttp.onreadystatechange = function () { if (this.readyState == 4 && this.status == 200) { document.getElementById("div_mostPop").innerHTML = this.responseText; } }; xhttp.open("GET", page_link, true); xhttp.send(); } function GetPopularStorys(MyID, d, t) { var page_link = ""; if (MyID == "#pop1") { page_link = "/includes/popularStoriesByDate.aspx?pop=0&d=" + d + "&t=" + t; } else if (MyID == "#pop7") { page_link = "/includes/popularStoriesByDate.aspx?pop=7&d=" + d + "&t=" + t; } else if (MyID == "#pop30") { page_link = "/includes/popularStoriesByDate.aspx?pop=30&d=" + d + "&t=" + t; } else { page_link = "/includes/popularStoriesByDate.aspx?pop=0&d=0&t=L"; } loadDoc(page_link); } AdvimgBanner=0; (adsbygoogle = window.adsbygoogle || []).push({}); AdvimgBanner=0; (adsbygoogle = window.adsbygoogle || []).push({}); More Stories UAE- New tunnels to reduce Sharjah-Khor Fakkan travel time to 45 minut... Ukraine- About 200 state-owned enterprises close down every year - Ec... Tibetan leader praises Sweden for prosecuting Chinese spy... OPEC oil output drops by 201,000 b/d... Denmark to greenlight Nord Stream 2 if gas transit through Ukraine is ... ODIHR seeks to cast doubt on results of presidential election in Azerb... NATO Deputy Secretary General: Ukraine's Euro-Atlantic aspirations are... UAE- What visibility-first security strategy means for Middle East fir... Iraq: oil, gas bidding rescheduled to April 25... Pakistan- Two killed, four injured in Charsadda, Mardan firing inciden... Kuwait Airways flights to Beirut cancelled on security concerns... One Ukrainian soldier wounded in Donbas in last day... Belarus coach: Great conditions created at European Championships in B... President, Secretary General of European Olympic Committee congratulat... Afghanistan- A Cautionary Tale for Media Regulators... jQuery(document).ready(function() { Update_me(30,'HomeEn_MoreStorieshtml'); }); Newsletter Daily English Daily Arabic All AdvimgBanner=0; (adsbygoogle = window.adsbygoogle || []).push({}); World and Middle East business and financial news, Stocks, Currencies, Market Data, Research, Weather and other data. Email: Tel: +962 6 5690450 About Terms of Service Privacy Policy Contact Us Advertise About MENAFN Jobs Feedback Newsletter Daily English Daily Arabic All Social Link Facebook Twitter Google Plus Daily Email Linkedin RSS

Trending Delaware News:


  • Raging Christmas night fire destroys 2 Slaughter Beach, Delaware homes
  • Christmas night fire causes severe damage in Delaware Bay town
  • Town By Town: Norwood's old neighborhood feel draws newer buyers
  • First-time buyers finding homes in Dover
  • Small banks gain edge, but also a share of burdens
  • Investors Reach $40M Settlement Over Sears Real Estate Deal
  • Delaware hikes real estate transfer tax
  • The troubled history of PIP’s implants man in America
  • Tag: Real Estate Transaction Tax
  • Delaware Manufactured Home Owners Look for Greater Oversight
  • Del. home sales, prices up in November
  • OSBI Identifies Woman Found Dead In Delaware County
  • Delaware Valley Golden Retriever Rescue picks up 17 dogs from Texas
  • West Side home buyers and an East Side businessman.
  • Memorial Day comes to beach with a bang
  • Delaware lawmakers reach tentative budget accord
  • Most U.S. Homes Worth Less Than Before the Recession
  • Three Delaware Beaches to Receive New Sand
  • John Ninfo: What happens if real estate tax deduction is eliminated?
  • Evolution Craft Brewing Company headed to Maryland