Bid for 6320 Island Pine Way, San Jose, CA 95119 is accepted by the seller. From now on, we will wait for their bank’s appraisal and see if the price is still close to $300,000 we offered. It may take 3 to 6 months to close such purchase. We will see.
On the other hand, the lease renewal for current apartment is needed as well. The lease agreement says that if termination before the lease term, $500 should be paid for the cost of remarketing. Not sure if we need to pay for the monthly rents before the apartment is rented out. Need to figure out this with the leasing office, before Nov 25.