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The Jacobi Team, Century 21 Select Real Estate, Inc.The Jacobi Team, Century 21 Select Real Estate, Inc.

The Jacobi Team, Century 21 Select Real Estate, Inc.

Emmett Jacobi
Contact us by emailEmmettJacobi@gmail.com
Contact Emmett Today At 530-519-6333
Kim Jacobi
Kim@JacobiTeam.com
Contact Kim Today At 530-518-8453

1101 El Monte Ave Chico, CA 95928

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Stuck in a Lease and Wish You Could Buy?

Are you renting and stuck in a lease agreement and wish you could buy a house now? Don’t abandon your dream and wait! Interest rates are going to rise in 2022 and you will pay more for the same house if you wait! So here are three things you can do to buy NOW!

Check the fine print

Find your lease or rental contract and look for a section that talks about early termination. See if there are any fees or requirements for terminating the lease early. If the contract doesn’t say, or you don’t have a copy of the contract, then call your property manager or landlord and ask them directly! Some leases call for a fee or require you to pay two or three months rent in order to get out of your contract early. Find out! There may not be a financial penalty.

See if there is a waiting list

Right now, housing is in demand, and not just homes to buy. If you have a property management company managing the rental you live in, they may have a waiting list of people who would jump at the chance to take over your lease! Call and ask. If you deal directly with the landlord ask your landlord if he knows anyone who would want to take over your lease. If he or she does not, then ask for permission to advertise and look for people interested in taking over your lease. Depending on your area, you could advertise for free on Craigslist or Facebook Marketplace, or other online sites.

You won’t have two house payments at the same time

When you buy a house, there is a slight delay on paying your first mortgage payment! Let’s say you get an offer accepted on a home in February. It will take 30 days to close escrow. So then if you close escrow in March you won’t have a mortgage payment on your new house until April, or sometimes even May depending on several factors! We always advise our clients to give their 30 day notice to their landlord once we have passed about the halfway mark in our escrow and we see that everything is looking good to close. Because you won’t have a house payment for another month that gives you plenty of time to stay living in your rental, close escrow on the house you’re buying, and then take your time moving.

If you are currently renting and would love to buy a house before your lease term is up, reach out to us! We can help you!

Written by Kim Jacobi of the Jacobi Team of Century 21 in Chico

Posted in: Uncategorized Tagged: buying a house, Century 21, Century 21 Chico, first time home buyer, Homes for sale in Chico, lease, real estate, rental agreement

About Us

What does a former Alaskan fisherman and a former music teacher have in common? Real Estate! Emmett and Kim teamed up in 2015 to form The Jacobi Team. Together they bring what one person alone could never do: the best qualities of two people, combined with leveraged time and focus, creating high quality, high success representation for buyers and sellers of real estate. Real Estate is not an easy career, so why do it? “Because we care about people and we love the uniqueness every person, and every property brings. We truly feel joy and satisfaction when we help someone.” -E and K

Our Communities

  • Chico
  • Durham
  • Paradise
  • Magalia
  • Oroville
  • Orland

Featured Blog Post

How to know when this market will shift

February 16, 2022 By KimberlyJacobi

In many parts of the United States, areas are experiencing a seller’s market: low inventory, high prices, lots of buyers= multiple offers. This kind of market is THE best time for a seller to sell. Why? Because home sellers can make the most money from selling, as well as have the most leverage for the […]

Contact Us

Emmett Jacobi, CADRE#01896904
Contact us by emailEmmettJacobi@gmail.com
Contact us by email 530-519-6333

Kim Jacobi, CADRE#01963545
Kim@JacobiTeam.com
Contact us by email 530-518-8453

1101 El Monte Ave Chico, CA 95928

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