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I believe (at least in Florida) if you are renting and you are purchasing your first home, it is possible to be released for your rental lease. Check with your states laws on the matter. I have a strong feeling I am correct on this as I have had friends do the same (in Fl.). Not sure how your state applies though.
ooh, are you serious? I don't even know where to look for that.. but I def. am going to try!! That would be awesome because we can work that into the negotiation! Thank you!!!!!!
Thanks all
They ended up countering us back. They came down to our price range..
But they were set on closing in 30 days. Our lease isn't up for another 6 months, so we can't afford to buy our of our lease (its 3 months of rent up front)
So, we are going to have to wait and see if another great house comes along.
But thank you all for your support.. it means alot
Location: Boonies of Georgia ~~~~ nuttier than a squirrel turd !
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Quote:
Originally Posted by poprocksncoke
Thanks all
They ended up countering us back. They came down to our price range..
But they were set on closing in 30 days. Our lease isn't up for another 6 months, so we can't afford to buy our of our lease (its 3 months of rent up front)
So, we are going to have to wait and see if another great house comes along.
But thank you all for your support.. it means alot
You may want to leave it as a back up offer. If nothing comes up between now and then, you may still have a chance. If you find something else, you can usually get your good faith deposit back within a number of days.
I too, have decided to wait until the sale is final in Florida to continue my search for our perfect home (although husband and son do not agree). It is too stressful to get our hopes up, when in all honesty, we are not completely ready. Must have all your ducks in a row !
Poprocks, things happen for a reason. If you didn't get this house, then it's not meant to be your home. Something else will come along (and like Qbaby said, you never know, it may stay on the backburner for a while). The last thing you want is to put all your "stock" (hope) into one thing, get it, and have it turn out to be somethig different than you thought it would. That happened to one of my friends. She desperately wanted this house (and it's really cute, I'd have bought it if I had the money...thank God I didn't)...well, she wanted, wanted, wanted it. She even got the owner to pay for a newer septic and take $10k off the house. Got her grandfather to put out money for a down payment, even dropped me (I'm her friend/realtor) because the home was listed as an office exclusive with another agency, you name it. Well, she got it and it is now what she likes to refer to as "The Money Pit". Their dryer caught on fire out of nowwhere, the hot water heater blew, the septic flooded, they installed a vinyl fence then had to move the whole fence (two inches!!!! Can you believe that)? All kinds of ridiculous stuff. So remember, it's only a house, there's plenty out there and the ones you don't get, are for a reason.
Maybe your landlord will agree to release you from your lease. I don't think there is anything in statute that allows it, but if you and the landlord agree, then it can be done. (You may want to prepare a written agreement when you go, so that it may be signed immediately.) May want to check landlord tenant statutes in case this comes up again. Go to "myflorida.com" and search for "landlord tenant".
Or, does the lease allow you to sublease the property?
I agree with a previous post, somehow when things like this happen, better things tend to spring from it.
Good, good luck in finding the perfect home!
Last edited by Magnolia Bloom; 02-06-2007 at 07:13 AM..
Reason: correction
Poprocks, things happen for a reason. If you didn't get this house, then it's not meant to be your home. Something else will come along (and like Qbaby said, you never know, it may stay on the backburner for a while). The last thing you want is to put all your "stock" (hope) into one thing, get it, and have it turn out to be somethig different than you thought it would. That happened to one of my friends. She desperately wanted this house (and it's really cute, I'd have bought it if I had the money...thank God I didn't)...well, she wanted, wanted, wanted it. She even got the owner to pay for a newer septic and take $10k off the house. Got her grandfather to put out money for a down payment, even dropped me (I'm her friend/realtor) because the home was listed as an office exclusive with another agency, you name it. Well, she got it and it is now what she likes to refer to as "The Money Pit". Their dryer caught on fire out of nowwhere, the hot water heater blew, the septic flooded, they installed a vinyl fence then had to move the whole fence (two inches!!!! Can you believe that)? All kinds of ridiculous stuff. So remember, it's only a house, there's plenty out there and the ones you don't get, are for a reason.
wow.
I totally believe that things happen for a reason. I would looooooove this house. Especially with everything new in it and construction wise... I would feel much safer in this than a fixer upper. BUT, a house we were looking into buying a couple months ago was sold. That was in need of a rehab so I am going to keep my eyes out for that one to be back on the market soon. That was a gorgeous house. I will let someone else do the work to it.. then I will move in..haha
Assuming they don't go overboard and then we couldn't afford it.
Hope everything works out for you! Wish you the best of luck!
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