Delaware First Time Home Buyer Mistakes – Timing Problems
The following is a very common mistake that Delaware First Time Home Buyers make when searching for a home to buy:
Mistake #1 – Timing Problems – Any first time home buyer who is currently renting should try to time their purchase at the end of their lease so they don’t incur any penalties. If you haven’t bought yet and your lease is coming up, then sign a month to month lease. This will allow you to get out of your lease as soon as you find the house you want to buy.
If you are trying to buy a house before your lease is up, then look to see if you can break the lease early. Some leases will let you out with a 60-day notice. Others will allow you to pay a penalty to get out early. Some leases won’t let you out no matter what the circumstance if this is a condition of your lease, offer landlord a buy out of the lease.
If you have questions or concerns about buying a home in Delaware feel free to contact Delaware’s Number one mortgage lender, John R Thomas at 302-703-0727
John R. Thomas – NMLS 38783
Certified Mortgage Planner – Primary Residential Mortgage, Inc.
302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office
248 E Chestnut Hill Rd, Newark, DE 19713