Tips For Buying A House

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

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

How Long Is Mortgage Pre-Approval Good For?

MattKay/iStock If you want to show sellers you’re seriously interested in buying their home, getting mortgage pre-approval is a critical first step. It proves that, after digging through your financials, a lender is willing to give you money to buy a house. “Getting pre-approved is a great way to differentiate yourself when making an offer,” says Linda Walters, […]

Jack Jenkins Homes | Aug 9, 2017

Buyer Blocks: 4 Factors Keeping Millennials From Owning a Home

mj0007/iStock Since the market crash, many prospective first-time home buyers have been fighting an uphill battle on their path to homeownership. Certainly it isn’t for lack of trying. While millennials might be the largest group of first-time buyers, according to the NAR, they face a whole slew of daunting challenges before they can sign on the dotted line. […]

Jack Jenkins Homes | Aug 3, 2017

DragonImages/iStock; realtor.com A good real estate agent holds your hand through the home-buying process, fights battles on your behalf, and all in all helps you achieve your dreams of homeownership with a smile. But have you ever wondered what they’re really thinking, behind that calm, professional demeanor? Plenty. And while they will often share their opinion, sometimes […]

Jack Jenkins Homes | Jul 18, 2017

gguy44/iStock; loveguli/iStock Hoping to buy your first home? Texas is calling. New analysis by finance site WalletHub has found that the Lone Star State boasts four of the top 10 cities for first-time home buyers in 2017. WalletHub came to this conclusion after analyzing 23 metrics important to home buyers—from affordability to quality of life to crime rates—in 300 cities of varying sizes, including small […]

Jack Jenkins Homes | Jul 18, 2017

akurtz/Getty Images Buying a home—especially if it’s your first—can be a lot like losing weight in the sense that people end up doing, well, some pretty dumb stuff in the process. But while desperate dieters might waste money on “magical” weight-loss pills or silly exercise equipment (remember the shake weight?), misguided home buyers could be doing far more serious […]

Jack Jenkins Homes | Jul 12, 2017