Found our dream home, not the best time..what to do? Advice Please!

posted 3 years ago in Home
  • poll: What would you do?
    Forget the home, another one will come along later : (21 votes)
    33 %
    Put in an offer and break the lease. : (43 votes)
    67 %
  • Post # 4
    Member
    790 posts
    Busy bee
    • Wedding: September 2014

    Talk to the rental company for sure! We broke our lease with 7 months and only had to pay 2 months rent and forfeit our security deposit.    If you say you can afford it than I think you should go for it.  If it’s not a financial strain and your realtor thinks it’s a smart move than you can’t risk losing your dream home.

     

    Post # 5
    Member
    295 posts
    Helper bee

    Put in the offer and talk to the leasing copmany and just see what happen

    Post # 7
    Member
    839 posts
    Busy bee
    • Wedding: August 2014

    @bmo88:  Is finding someone to sublet for the remainder of your lease an option? 

    Post # 8
    Member
    10493 posts
    Sugar Beekeeper
    • Wedding: January 2011

    Agree with checking about the lease.  Also check to see about the seller’s timeline.  Some aren’t in a rush.

    Post # 9
    Hostess
    2787 posts
    Sugar bee
    • Wedding: June 2013

    @bmo88:  talk to the rental company first..I broke off a lease before.breaking a lease is only a problem if they can not find someone to rent the place after. 

    Post # 11
    Member
    509 posts
    Busy bee
    • Wedding: October 2015

    @bmo88:  In the grand scheme of things, I don’t think $4k to break your lease is all that big of a deal if it means your dream home. Prices are generally going up, so a comparable house might be a few thousand more by next summer. Also, summertime is a busier buying season so you’d probably have more competition trying to buy the same house – maybe you’ll have more room for negotiation if you’re willing to buy in the winter.

    Also, as others have mentioned, your lease might have some wiggle room or you might be able to sublet.

    Post # 12
    Hostess
    2787 posts
    Sugar bee
    • Wedding: June 2013

    @bmo88:  I hope so. Let us know how it goes. Call asap..

    Post # 13
    Member
    6204 posts
    Bee Keeper
    • Wedding: August 2013 - The Liberty House

    Could you find someone else to move in?? With the apartment I was living in a couple of years ago, they told me that I couldn’t break my lease, but I could have someone else move in and take it over.

    Post # 14
    Member
    5883 posts
    Bee Keeper

    Have you actually toured the home? Pictures can be very deceiving, especially in real estate listings. What you see may not be what you actually get.

    I’d go see it in person before doing anything else, if you haven’t done so already.

    Post # 15
    Member
    11379 posts
    Sugar Beekeeper
    • Wedding: April 2012

    @bmo88:  i would explore all of your options before giving up hope.  talk to the leasing company.  what would your penalty be?  have you considered subletting the apt?  you could also ask the sellers to pay for your closing costs.  that would help out with the leasing penalties.

    in the grand scheme of things, it’s $4000.  are you willing to lose your dream house over that?

    also, how long has this house been listed?  not many people are going to want to buy and move the closer you get to christmas so that may be in your favour.

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