September 2017

Who Draws Up the Purchase Agreement for a Home That Is For Sale by Owner?

kutubQ/iStock The seller’s agent is typically the person who draws up a purchase agreement, but what happens if the home is for sale by owner (FSBO) and the seller isn’t represented by a real estate agent at all? A FSBO situation can occur in a seller’s market or when homeowners want to maximize their profits by not having to pay […]

Jack Jenkins Homes | Sep 27, 2017

When Does a Real Estate Contract Become Legal and Binding?

Lighthousebay/iStock After a seller accepts a buyer’s offer to purchase a property, it’s time to make it official, in the form of a real estate contract. This document is one of the most important steps in the home-buying process, as it clears the way for both parties to begin the transfer of property. It means that the […]

Jack Jenkins Homes | Sep 27, 2017

Yes, You Can Sell a Fixer-Upper As Is, but Should You?

WoodenDinosaur So your home has foundation problems and you just got an estimate for fixing it. Ouch! Or maybe a leak in your roof has led to the discovery that the entire thing needs to be replaced. Or termites have been eating their way through the wood frame of your home, and you’re just now […]

Jack Jenkins Homes | Sep 22, 2017

Are Property Taxes Lower on Townhouses and Condos?

golero/iStock If you’re planning on buying a home, you might wonder whether property taxes are lower on townhouses and condos. It seems plausible enough: Smaller home, smaller tax bill, right? But your property’s square footage is just a small factor that goes into determining how much property tax you owe. Let’s look at what goes into that number and if it is, […]

Jack Jenkins Homes | Sep 22, 2017

6 Questions First-Time Home Buyers Never Ask Themselves (but Really, Really Should)

Shutterstock; realtor.com There’s a certain point in the lifecycle of renting where you say to yourself: I just can’t do this anymore. Maybe it’s the upstairs neighbors, who relentlessly stomp across their apartment into the wee hours of the morning. Maybe it’s the numbingly dull white walls you’ve stared at year after year. Or perhaps it’s […]

Jack Jenkins Homes | Sep 22, 2017

Is a Mortgage Pre-Approval Letter Necessary to Make an Offer on a House?

BrianAJackson/iStock Is a mortgage pre-approval letter necessary to make an offer on a house? The short answer is no. However, if you want your offer to be taken seriously and to stand out from any competing bids, this little piece of paperwork can really give you the edge. “While you do not ‘need’ a pre-approval letter from your lender […]

Jack Jenkins Homes | Sep 22, 2017

What Does Contingent With No Kick-Out Mean? A Clause That Affects Your Offer

Kenishirotie/iStock “Contingent with no kick-out” is one of those real estate clauses that can be attached to a buyer’s offer on a house. Like active or sale pending status, a house marked with this clause can give buyers a sense of whether or not the house has received an offer and how close sellers might be to closing […]

Jack Jenkins Homes | Sep 22, 2017