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Rainmaker
1,870,410
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker
May 27, 2019 02:09 PM
Ambassador
3,037,137
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies.

May 27, 2019 12:34 PM
Ambassador
4,201,209
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Just one example would be as a developer - Developers write option Offers to cover their time to perform their Due Diligence, ascertain that water/sewer are available, run plat plans by county planning, etc. As they move through each step, they pay another option fee.

Good luck with your studies.

May 27, 2019 12:21 PM
Rainmaker
3,321,246
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Most often we see an option to purchase when the buyer has a home to sell. In this market, many sellers will not take an option, you see it more in buyer markets

May 27, 2019 04:22 PM
Ambassador
5,358,471
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

More for tying up properties than buying them.

May 27, 2019 02:44 PM
Rainmaker
6,543,982
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The advantages depend upon the wording of the option.

Options are handy when rezoning is required before a settlement.

May 27, 2019 01:56 PM
Rainmaker
4,055,271
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

What kind of options?

May 27, 2019 01:07 PM
Rainmaker
2,020,150
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Buyers can tie up a property without buying it

May 27, 2019 12:35 PM
Rainmaker
895,177
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I have never worked with a client who bought or sold an option to buy or sell a property. An option generally gives the holder the right to buy a property at a fixed price prior to the expiration date of the option. The option, itself, costs money. It is a gamble that the property value goes up in excess of the fixed price by an amount to compensate for the cost of purchasing the option before the option expires. The seller of the option hopes that the holder of the option does not exercise the option thereby leaving the property owner owning the property and the profit made on the sale of the option.

May 27, 2019 12:32 PM
Rainmaker
5,571,310
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we never use options.... the clean deal is what we like...

May 27, 2019 12:25 PM
Rainmaker
1,213,734
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Options are great for all humans, I like my choices and my options.

May 27, 2019 07:05 PM
Rainmaker
524,436
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

We don't work with options.

Wishing you the best in your studies.

May 27, 2019 02:13 PM
Rainmaker
1,149,109
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

rent with option to buy is not popular here.

May 27, 2019 12:56 PM
Rainmaker
985,222
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I'll just see what others have to say on this

May 28, 2019 07:36 AM
Rainmaker
1,635,542
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

It allows buyers to opt for either blue silhouette agents or green ones. Our buyers prefer agents with a face.

May 28, 2019 06:44 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Chapter 37.

May 28, 2019 06:21 AM
Rainmaker
4,158,260
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not for the typical residential resale transaction. Has some purpose when used for vacant land and commercial properties.

May 28, 2019 03:43 AM
Rainmaker
468,799
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Just to be a weisenheimer.........it's good have choices. 

More to your question. There are too many applications to list here. Keep going on real estate 101, save options for 201.

May 27, 2019 09:32 PM
Rainmaker
4,884,514
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Good luck with your studies.

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May 29, 2019 04:29 AM
Rainer
2,689
Yuriy Moshes
Law office of Yuriy Moshes, P.C. - Chinatown, NY
real estate

Once a buyer has an option to buy a property, the seller cannot sell the propertyto anyone else. The buyer pays for the option to make this real estate purchase. The option usually includes a predetermined purchase price and is valid for a specified term, such as six months to a year.

 

May 29, 2019 01:30 AM
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May 29, 2019 12:31 AM
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May 28, 2019 11:31 PM
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May 28, 2019 10:50 PM
Rainmaker
2,062,464
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

 

May 28, 2019 12:42 PM
Rainmaker
1,596,531
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

You tell us! LOL

May 28, 2019 08:32 AM
Rainmaker
1,874,100
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I like options, especially "no pickles on that burger please".

May 28, 2019 07:36 AM