Can I Buy a Home in Phoenix or Scottsdale Before My Lease Is Up?

If you’re renting in Phoenix, Scottsdale, or anywhere in Maricopa County, you might think you have to wait until your lease ends to buy your first home. The truth? You could start the homebuying process months before your lease is up — and move straight from your rental into your own home without paying rent and a mortgage at the same time.

Why Phoenix & Scottsdale Renters Shouldn’t Wait

The average rent in Phoenix and Scottsdale has risen over 30% in the past five years — and with each renewal, you’re likely paying more without building any equity. By starting the homebuying process early, you can:

• Lock in today’s interest rates before they rise

• Avoid another rent increase when your lease renews

• Build wealth by owning a property instead of paying your landlord’s mortgage

Timing Your Purchase With Your Lease End Date

Most first-time buyers start their home search 3–6 months before their move-in date. This timeline gives you space to:

1. Get pre-approved so you know exactly what you can afford

2. Shop for homes in your target neighborhoods — whether that’s Old Town Scottsdale, Arcadia, North Phoenix, or Gilbert

3. Negotiate your purchase and time your closing date to line up with your lease ending

Breaking Your Lease Early in Arizona

If your dream home comes along before your lease ends, you still have options. Many landlords in Arizona allow early lease termination if you:

• Give written notice

• Pay a small early termination fee

• Help find a replacement tenant

In many cases, the cost of breaking your lease is minor compared to the equity you’ll start building when you own your home.

Real-Life Example:

One of my clients in Scottsdale found their perfect home four months before their lease ended. We negotiated the closing date so they could move in right after turning in their keys — no double payments, no stress.

Next Step for Phoenix & Scottsdale Renters Ready to Buy

If your lease ends in the next 3–6 months, now is the time to start planning. The earlier you begin, the more options you’ll have — and the smoother your move will be.

Free Resource: Download My “From Renter to Owner” Checklist

FAQs — Buying a Home Before Your Lease Ends in Phoenix & Scottsdale

1. Can I close on a home in Arizona before my lease is up?
Yes — with proper planning, you can schedule your home closing to match your move-out date, so you only pay for one place at a time.

2. Will breaking my lease hurt my chances of getting a mortgage?
No — your mortgage approval is based on your credit, income, and debts, not whether you finish your lease term. Just make sure to follow your lease agreement to avoid financial penalties.

3. When should I get pre-approved if my lease ends in 6 months?
Ideally, get pre-approved now. This gives you time to explore homes in Phoenix, Scottsdale, or surrounding areas and be ready to act when you find the right one.