October 2017

When Does the Full Down Payment on a House Need to Be Made?

HAKINMHAN/iStock; realtor.com It’s fair to say that one of the things buyers are most concerned with is coming up with a down payment on a house. What’s not clear is when a buyer is required to make that payment. At what point in the home-buying process are you supposed to cough up that cash? The good news is that you don’t […]

Jack Jenkins Homes | Oct 31, 2017

What If Your Mortgage Commitment Letter Expires Before Your Closing Date?

LdF/iStock With your mortgage commitment letter in hand, you’re all set to close on a home—then something goes awry. Perhaps it’s a new construction and the builders are behind schedule, or maybe the sellers need to change their closing date. In any case, the endgame gets pushed back beyond the expiration date of your mortgage commitment letter. Yikes! So […]

Jack Jenkins Homes | Oct 24, 2017

When Is an Earnest Money Check Supposed to Be Cashed?

AndreyPopov/iStock In the real estate market, the earnest money check is one of the essential ways buyers prove they’re serious to sellers. It’s a substantial chunk of change that will be included with your offer to the seller to further prove that you are really serious about buying the seller’s house. But once an offer is accepted, what happens with said earnest money? Does it sit […]

Jack Jenkins Homes | Oct 20, 2017

How to Negotiate Repairs After a Home Inspection: Haggling Tips for Buyers

fstop123/iStock If you’re buying a home, you’ll want to know how to negotiate repairs after a home inspection. After all, odds are even the dreamiest house will have problems, and sellers might be open to the notion of fixing a few flaws—with the right persuasion. So once your trusty home inspector scrutinizes this potential purchase and hands you his […]

Jack Jenkins Homes | Oct 20, 2017

7 Tips on How to Find a Good Real Estate Agent

sturti/iStock Whether you’re buying or selling a house, understanding how to find a good real estate agent is essential. Your agent will help you through all steps of the process and answer the myriad technical, tactical, and financial questions that arise, so you don’t have to waste hours Googling into the abyss. A good real estate agent will also […]

Jack Jenkins Homes | Oct 18, 2017

8 Frightening Things in Sellers’ Homes That Can Scare Buyers Silly

ktsimage/iStock No matter how gorgeous your home is, it could contain an item or two that happens to scare the pants off anyone who walks through your door. That might not be a problem if you don’t like guests, but it could very well be a big problem if you’re trying to sell your place! The reality is that […]

Jack Jenkins Homes | Oct 18, 2017

Do Home Seekers Need to Sign a Contract to Tour Homes?

AndreyPopov/iStock It’s human nature for folks to want to sneak a peek at their neighbor’s open house—even if they’re not truly home seekers looking to buy. Trust us, stopping by to grab a cookie and gawk is something we’ve all done (or at least thought about doing). Casual lookers can wander in without so much as leaving their […]

Jack Jenkins Homes | Oct 17, 2017

Buying a Condemned House: Risks and Rewards for Bargain-Seeking Buyers

markhicksphotography/iStock While a condemned house might sound like the black sheep of the real estate industry, it doesn’t mean it’s any less desirable. In fact, you might want to consider buying one if the circumstances are right. “Condemned property is a property that the government has taken over from a private owner,” explains Desare Kohn-Laski, broker and owner of […]

Jack Jenkins Homes | Oct 10, 2017

What Is a Transaction Fee and Who Pays It?

Motizova/iStock Of the many fees associated with buying a house, one that’s often overlooked is the transaction fee. While it’s not as pricey as the commission, the transaction fee is a notable chunk of change that must be paid by either the buyer or the seller to offset the costs of processing paperwork. What is a transaction fee? Also known as […]

Jack Jenkins Homes | Oct 10, 2017