^ XP Moving, Closing and Giving Notice

[Pom]

RE is slow, so XP here:

So our loan paperwork for our home purchase says May 26th. We have to give 15 days notice for our apartment, storage and rented furniture.

The realtor and I both agree that we will not close by May 26th, but possibly by May 31st, which was the original target date. As of yesterday, our paperwork is still in underwriting and the appraisal has NOT yet been ordered. Our REA thinks we should give notice this Monday, May 21 for move out by June 4th. We have already had one deal fall through this year due to appraisal. I do not want to be homeless but hate wasting $$$ since we will want out of here the minute we can get out.

When did you give notice? Did you wait until the appraisal came back? We feel really nervous after our last burn.

[yellowumbrella]

I would gladly pay extra rent to ensure I didn't end up homeless. You're lucky that you only have to give 15 days notice - I think ours is 30 or 60.

[womet]

I agree with Jenny. Wait until it comes back before you give notice.

[Pom]

My confidence in things going smoothly has been diminished by our experience so far this year. I think we will continue to wait despite our REA's advice.

[lindyanne]

If I could just give 15 days notice at any time, I would probably wait to close before I gave it. That would give me plenty of time to move my stuff and clean without rushing. I think that's a pretty awesome policy and I'd take advantage of it.

[Pom]

We will still owe about $3000 for breaking our lease early and then we will need to pay next months rent for apt, storage, and rental furniture.