Agents Finance Option period 
Redfin
JUNE 23, 2025
In exchange for this right, the buyer pays a non-refundable option fee. The seller agrees not to sell the property to anyone else during the option period. Key components of an option contract Several components make up an option contract: Optionor and optionee: The optionor is the seller, granting the right to buy.
Redfin
JULY 21, 2025
If you’re having doubts, want to reassess your finances, or simply change your mind, doing so before any paperwork is signed allows for a clean exit without risking earnest money or triggering legal consequences. Common contingencies include: Financing contingency: Protects buyers if they can’t secure a mortgage loan.
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The Close
JANUARY 16, 2025
The terms of the rent-to-own contract outline the purchase price, the option period (when the tenant can exercise the option to buy), rent premiums, financing terms, and option fees. your next step is to explore your location options. Consider these pros and cons when making your decision.
Redfin
JULY 15, 2025
Whether you’re buying a home in Richmond, VA or selling in Salt Lake City, UT , we’re breaking down exactly what happens after the inspection: how many days buyers have to respond, what the options are, and how to navigate this stage with confidence (and minimal stress). Why is the buyer silent after the home inspection?
Housing Wire
APRIL 13, 2021
Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.
HomeLight
SEPTEMBER 16, 2022
In the state of Texas, an “option period” allows a buyer to get these details before making the final choice. Keep in mind that option periods are specific to Texas and other states will have different processes that give buyers the time they need to make the final decision. What is an option period?
HomeLight
MARCH 7, 2024
You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. Achieve Greater Buyer Confidence With a Top Agent HomeLight can connect you with the most experienced buyer’s agents in your home shopping area. Buying a home is rarely done with casual disregard.
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