Many people are excited about the prospect of owning a home, but encounter issues with timing.
This could be from a major life event, financial reasons or most commonly their rental lease isn’t up yet. Luckily, you are NOT trapped — you have options!
Here are 3 of the best options for prospective buyers to get out of their current lease:
Find a Replacement — The best option is to get your landlord’s permission to have someone take over your lease. That way you would just pay rent until the new tenant signs the lease and moves in. There are many great free websites for advertising your rental.
Work with The Seller — If you’re buying a home and can’t find someone to take over your lease, or if you are on a tight timeframe, ask the seller for a credit at closing. This can potentially cover all or part of the cost of breaking your lease, and leave you with more money for a down payment (or in your pocket).
Buy Your Way Out — If these options don’t work, another option is to talk to your landlord and pay the penalty to break your lease outright. Leases vary, so read yours carefully… but this usually involves paying a 2-month penalty. This excludes the security deposit, which should be returned to you as long as there is no property damage.
To get $1,500 towards breaking your lease, attend our upcoming Home Buying Seminar on Monday, May 6 in Arlington.
Topics Covered Include:
- Financing programs
- How to avoid double paying a rent and a mortgage
- How to calculate your budget the right way
- How to craft a winning offer in a highly competitive market
- Finding off-market properties
- Leveraging your equity
- The 4 C’s of Real Estate
Benefits of Attending:
- $1,500 credit toward your new home or toward early lease termination
- 12-month home buy-back guarantee — purchase with confidence!
- Wine and cheese provided
- The first 3 to attend will receive a gift card to Barley Mac restaurant!
This event is hosted by The Keri Shull Team, the D.C. metro’s top producing real estate team. Details are as follows:
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Let the Arlingtones surprise your friend or sweetie this Valentine’s Day with a barbershop quartet singing love songs in four part a cappella harmony! Choose from a small selection of songs in our repertoire to surprise your special someone.
$75 for two songs delivered to a place of your choice by a live, in-person quartet. Includes a classy tin of chocolates, fresh red rose and personalized card. Small mileage surcharge for >5 miles outside Arlington VA.
$30 Facetime/Skype valentine- two songs delivered ‘live’ via Facetime or Skype at an agreed-on time.
$20 virtual valentine- two pre-recorded quartet songs delivered via email with a personalized message.
Have you noticed a striking sculpture at Monroe Street and Wilson Boulevard? It’s the Museum of Contemporary Art Arlington’s newest installation, Make Your Mark, by Arlington artist, Adam Henry. This sculpture celebrates MoCA Arlington’s rebranding and brings the museum’s energy outdoors.
On February 11, come inside when the museum’s galleries reopen with two new exhibitions: Rebecca Rivas Rogers: Grey View and Crisis of Image.
Grey View, in the Wyatt Resident Artist Gallery, is an homage to “gray” and a snapshot of the artist’s process. Consisting of photographs, collage, and a site-specific installation, this show is an outgrowth of Rivas-Rogers’ visual investigations into places you see on your way to somewhere else.
On the main level, Crisis of Image features artists who seek equity in today’s saturated visual world by developing new methods related to the production of images.
Valentine gifts for someone special or for yourself are here at George Mason University from noon -4pm on February 14, 2023. Satisfy your sweet tooth with Kingsbury Chocolates, find a handmade bag from Karina Gaull, pick up treats from Village