Looking to purchase home. My current rental lease ends in first week of September. Am I too early in looking for a home? How do you deal with double rent (rent + lease) if you close early. Any tips?

Posting as :
works at
You are currently posting as works at

Either wait to buy or buy and sub lease your current place if they allow it.

I double carried on apartments when my initial buyer fell through. It was too late to delay the close of my new place. Good idea include a contingency in your budget just in case.

In terms of too early it depends where you live and what you're looking for. If you need financing it will take longer to close regardless and it's not 100% predictable.

Unfortunately you really can't time the closing of your house very well. When I bought, I was looking for a townhouse / condo. I spent 3-4 months looking and ended up closing nearly 1 month later than I was supposed to. I was lucky enough to have landlords who simply charged me a monthly rate after the lease ended. They were super nice (very fair price, only rent d to students), I'd been there for 3 years and they didn't have a new tenant lined up. I really lucked out.

You can consider paying double rent / mortgage if you find a place early. The plus if this is you can take your time cleaning out and airing out the new house. And doing any minor painting or reno before you move in. Downside is that it gets very expensive for more than a month.

You could consider leasing month by month if that is an option. Also very expensive

You could put stuff in storage and crash at home / with a friend. You could maybe even make a hotel work if you're traveling a lot for work.

At the end of the day, it's best to have a contingency plan, because many things can happen. Your offer may not be accepted and you have to start your search again. Or you find the perfect house right away and are ready to buy months early. Or your closing date gets pushed back because the thousands things that need to get done are delayed

Related Posts

like

I am looking to start a location-based application where people can get quick help, does anyone wants to invest?

like

Does it make sense to max out my 401k if I want to retire by 40-45?

like

How hard is everyone pushing their corporate clients to authorize nonresident assignees whose only 2020 US compensation was the value of their 2019 tax preparation?
My clients are pushing back on it this year, and I can't say I blame them. If I were in their shoes, I'd rather take the risk of not filing than the expense of filing again. From my own point of view, I don't really want to spend my time on such returns, either, even if the revenue and easy return are nice.

Hot take. Cut all welfare programs. Take the budget from the programs and give them as monthly cash transfers for All US citizens (with minor tweaks depending on number of dependents). Benefit paid out would be higher than the existing programs as we cut administrative costs and don't have to spend anything on figuring out who qualifies. If it bothers you that rich people would get this, then raise income tax on the highest bracket by 1%.

likefunny

I have $5000 that I need to use in less than a year. What should I invest in now? ETFs? Index fund?

like

Just exchanged all my BTC for LTC. I know historically they’ve tracked together, but following the volatility with bcash being introduced on coinbase made me realize how fragile BTC is. Thoughts?

like

Anybody know any good financial advisors? My husband and I are broke btw 😂😂😂

like

I am in my early 40's and have about $300K invested and some in cash. I have $70K in credit card debt (no lavish lifestyle, just 2 bouts of unemployment and some major medical expenses, even after insurance).

I live below my means, LCOL city, used car, max my 401K, save my bonuses, etc.

I am going to get a large bonus where after tax, I'll get a couple hundred thousand.

Should I prioritize pay off all credit cards or pay down half/some of the cards and use the rest for a house down payment?

like

Debating credit card strategies for next year. I’m currently a digital nomad and “rent” and everything is put on travel cards. Currently have CSR & AMEX platinum. I’m leaning towards canceling AMEX Platinum due to higher fee & lack of usage overseas. I’m thinking CSR as primary travel card, with a new United Quest as backup travel CC and AMEX Blue Cash Preferred for monthly expenses in the U.S.

like

Anyone else just feeling like they cant get a win?
Feeling underpaid, cant get a pay rise, cant find a new job, cant afford a house on my current salary, interest rates going up, stock market going down
It's all just very deflating

likehelpful

How often does jiff offer credit to get a new Fitbit? I got one two years ago, and it was stolen

Guys ..
When will final settlement take place? What will be the components of it?

Anyone car shopping? Trying to unload Audi S3 lease in DC. Ridiculously cheap for what it is, $473/mo (Audi employee lease price, discount conveys) Situation changed and no longer fits our lifestyle.

Getting a fat bonus > 50k. 401k will be maxed, already dump 3-5k in each kids 529 and have more than six months of emergency fund. Already own a house at 2.85 etc. not flexing or anything just want to know what folks would do with a sizable bonus. Need ideas please. Otherwise dumping in VTI lol

like

Anyone know of any new construction listings or can recommend builders in the greater Boston area? Looking to get into the market for my first house - thanks

like

Does ESPP make sense? Most companies deduct a portion from monthly paycheck to accrue over a period and then do the purchase at offering end. During this period of time, most tech stocks would already appreciated anyway to offset the 15% discount. Anyone with me?

like

What has been your best investment and worst investment?

Anyone buying today?

like

What HYSA are y’all using ? I need to get out of HM Bradley so need to hear y’all experience with other accounts

like

More Posts

Are there certain industries that lend themselves closer to pure strategy projects? For example, i’ve found in Fin services less strategy and more ops work due to nature of the industry whereas life sciences feels closer to pure strat given product launches, market entry work, etc… any thoughts on the MBB side?

Final round interviews for McKinsey today. Wish me luck. 😳😳😳

likeupliftingsmart

I got an offer for deloitte Pune doj 20 june ?? Anyone reporting there on 20th ? And are we having dlaunch event in Pune office idk what should I choose virtual onboarding or physical at Pune location? HR is also irresponsible she don’t even know bs bolri h office jana pdega and I’m hearing there is no space and she’s telling me they’re not gonna deliver laptop to home? Please rply

like

Any advice for putting in notice during busy season? I don’t want to burn bridges with my team, but I finally have a great offer and just can’t do this anymore.

like

What is the coolest thing you've ever designed?

like

I’m a recent grad struggling to look after my health when I’m stuck in a cubicle 10+ hours a day. How do you juggle a healthy lifestyle with long hours at a desk?

like

Hi Everyone, I got interviewed with Deloitte for Automation testing, shared the documents too.. Got the HR call 3 days back..So when can I expect my letter of intent ? I jumped from another company to my current company 10 months and asked for 30% hike, because of that intent letter is getting delayed..Or how long can I wait? Kindly pour your suggestions please..

like

Which offer should I accept? Currently staff 2 at big 4 in Tax with CPA license. I want to leave tax ASAP. Both are public companies +1B in revenue and same salary. Offer 1 - staff revenue accountant so reading contracts, speaking with the sales team and legal team, a lot of work at the end of the months to close books and reconcile transactions to make sure we are ASC 606 compliant. This track usually leads to director of revenue. Offer 2 - internal audit staff so SOX and compliance projects.

likefunny

A second door last night since Mrs. PS and I were behind by a day. This one was quite a surprise, as I never though of Glendfiddich being peated. Their mainline bottling is not, but this definitely is, though nowhere near as smokey as an Islay. I didn’t pick up on as much sweetness as I would have expected from a rum cask. Overall this one felt a bit jumbled, with several contradictory things going on. I liked exploring it and would consider a bottle at the right price.

Post Photo
likefunny

I just put in my two weeks to go to an AM 100 law firm to work in a niche practice area. I've never worked in a firm before. I started of doing compliance (non-attorney role) and then went in-house (acting GC for medium size company got a year). Any advice for someone who never had firm experience? If you went back to a firm what do you think you would have to prepare for? (Besides billiable hours and no life. ) Also, fwiw, I graduate in 2018.

like

Currently in Risk Assurance but have the opportunity to transfer into Deals & Strategy. Which one is better for a career long term?

like

I am a consultant and want to join google. Can someone suggest what roles do google offers for consultants

like

How are those holding up in the outpatient setting during covid-19?

likehelpful

Looking to upgrade my phone and considering getting either the iPhone 8 or the X. Is the X worth getting over the older versions?

like

Would riding an electric scooter to my NY biglaw office in a suit make me a loser? Do people do this?

funnylike

Hi all,

I am data engineer with 3.8 YOE. I have offers from Accenture (11.5), tcs (11 LPA), wipro (14 LPA) and Publicis sapient (15 LPA).

Now I'm not so good at coding.

But confused bw
-->joining sapient for the sheer fact they would give me a big data project for sure but I fear that they may fire me for my sub par coding skills.

--> joining wipro for the job security, but fear thay if I don't find any big data projects, they may put me in testing/support.

Can someone help in choosing ?

like

HCL Digital Consulting (D&A) vs Deloitte Digital vs TCS Interactive. Any thoughts?

like

Which company is better for woman who just returned from maternity leave. Holding below offers.
Allstate,IBM,CGI
More concerned about WLB,WFH and flexibility rather than money.
Appreciate your views and thanks in advance.

like

I got an offer as an Associate Consultant in KPMG Global services in the ServiceNow team. Should I join how it is for learning and work life balance?

like

Transfer should be happening within a month (🤞🏽) any tips that you’d recommend to prepare for a successful transfer/implantation?

like

Additional Posts in Personal Investment Chatter

I have $5000 that I need to use in less than a year. What should I invest in now? ETFs? Index fund?

like

Debating credit card strategies for next year. I’m currently a digital nomad and “rent” and everything is put on travel cards. Currently have CSR & AMEX platinum. I’m leaning towards canceling AMEX Platinum due to higher fee & lack of usage overseas. I’m thinking CSR as primary travel card, with a new United Quest as backup travel CC and AMEX Blue Cash Preferred for monthly expenses in the U.S.

like

What has been your best investment and worst investment?

Anyone buying today?

like

What HYSA are y’all using ? I need to get out of HM Bradley so need to hear y’all experience with other accounts

like

I locked my first house-residential 30-yr @3.275, closing Mid-May. Not sure what to do. NY is in lockdown, can’t even move if decide to proceed, will the rates go up, will house prices drop?

like

my parents didn’t have the luxury of preparing for their retirement...is there any way i can help their retirement? is it possible to open up an IRA for them?

like

New to consulting and investment. Just joined the firm 6 months back. What should be my investment priorities? I have 13k equity portfolio on Robinhood.

like

Does anyone have a simple explanation of the value of chase and Amex points? Specifically, I am trying to figure out how much one point from each company is worth. It seems pretty difficult to get a clear answer to this. TYIA

like

I’m 25, make 70K and haven’t maxed out the 401K contribution. Should I focus on maxing out the 401K up to $19.5K first or save up to buy an apartment instead of renting in the future?

like

Currently paid off my 401k loan with my previous employer. Should I roll it over in my current employers Target date fund or open a brokerage account and put the lump sum in VTSAX and/or VOO?

like

I am 39, have a 4 year old and starting a 529 plan. I live in NJ and wanted to know how much should I plan on putting in the 529 plan for his education?

like

I got offered by my financial advisor to enter a closed private equity fund that has the objective (not guarantee) to 2x the capital in 10 years. That would mean a consistent 7.2% p.a. though I won't be able to sell, which is not a problem.

Do you think it's worth it?

I use this financial advisor because he's a family friend and I pay close to no fee and it was a nice way of getting into investing.

like

Any good value ETF or stocks for riding 2022 storm in tech or growth.i am looking to put 20% of my portfolio in value stocks or ETF. Mostly in industrial, energy or consumer Staples.

like

If I have HSA and my wife has FSA with $1,500 allotted, what is the max limit on my HSA, $3,550 or $7,100 or $(7,100 - 1,500)?

Is there a way to set up direct deposit to a Roth directly from my check, yet it is not through my employer? My Roth is through Fidelity.

like

What should I recommend to my parents (less than five years to retirement) on what they should do with their 401k?

like

I don’t have a finance background and recently started investing in stocks and mutual funds (around 5K usd). I want to ramp up my investments but not sure how and where. Any recommendations for any books/subscriptions/blogs that can help me?

like

Hi lam an independent college student
and I work as a health technician making
36-40K a year. I don't have a support
system to help me grow. I am here to
inquire about what I can do to obtain
additional source of income. Are there
any skillsets I can learn to help pay for
school expenses, home, car and etc. I am
new and eager to learn information out
of my scope of profession as well. What are some apps I can download to start investing?

Does anyone have any links to essay-to-understand explanations of back door IRAs? I think this is something I should be doing but I honestly have no idea where to begin…

funny