2,220,323
Options for what? Ask your instructor.
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Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,583,278
renting with the option to buy??? I'm not a fan!!!!
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Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
-
Brenda Mayette
Glenville, NY
1,197,152
Need more detail about this question
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Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
-
Brenda Mayette
Glenville, NY
4,456,506
Kyle it depends on the market when it is a slow or hard to sell property options can be wonderful... on the other hand in a fast market or a very sellable property the answer is not favorable...Endre
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Debe Maxwell, CRS
Charlotte, NC
-
Teri Pacitto
Westlake Village, CA
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
1,052,211
Depends on who holds the option and the specific terms. Normally the buyer/tenant does. In which case it's not advantageous to the seller at all. In fact, it usually binds the seller and not the buyer.
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Debe Maxwell, CRS
Charlotte, NC
-
Carol Williams
Wenatchee, WA
-
Roy Kelley
Gaithersburg, MD
-
Candice A. Donofrio
Fort Mohave, AZ
4,572,183
If you are talking about lease-option-to-buy, I've never been involved in one. I'm sure there will be some who will be able to cite some success. They are not common in my area in our current market.
Generally, most people like "choices" so "options" in this sense of the word is fine, I'm in favor of having choices.
Study hard. Take lots of practice tests. Good luck with your license examination.
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Debe Maxwell, CRS
Charlotte, NC
-
Kyle Beers
Spanish Fork, UT
-
Roy Kelley
Gaithersburg, MD
3,416,038
Most often an option is only advantageous in a declining market. In this market holding the home for a buyer can cost you a sale from one of the many buyers ready, willing and able to buy now.
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Debe Maxwell, CRS
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
3,071,489
Nina Hollander nailed this one!
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Nina Hollander, Broker
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
427,257
Oh the joys of derivatives creeping into every facet of life these days.
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Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Michael Jacobs
Pasadena, CA
851,242
So many options for options....!
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Debe Maxwell, CRS
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
5,104,931
Options for what?
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
-
Tony and Suzanne Marri...
Scottsdale, AZ
6,393,404
For complex land grabs they help, most other times there is little advantage.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
2,178,603
There are many potential "options", so being more specific with your questions would allow us to be more specific with our answers. In general, options tend to pop up when the market is slow to create a broader buyer base.
The advantages depend on the type of options being offered. I've done many.
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Endre Barath, Jr.
Beverly Hills, CA
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Debe Maxwell, CRS
Charlotte, NC
2,781,173
Its a control i.e. is a type of temporary leverage on Real Estate
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Debe Maxwell, CRS
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
1,466,207
Kyle Beers An option benefits the potential buyer more than the seller. For consideration, the buyer can lock in a price for a specific period of time and always has the option to walk away at a later predetermined date. The only advantage to the seller is they have a potential buyer and money up front to form the option. An option must have consideration (cash). If the option is not exercised, the potential buyer will lose their consideration.
-
Debe Maxwell, CRS
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
599,274
I'm not sure what you mean so you'll have to provide more details.
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Debe Maxwell, CRS
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
544,014
Only if there is a sizable non-refundable option fee and if the buyer sweetens the pot with other terms and conditions, such as paying the property taxes while under the option period.
The seller must consult a competent real estate attorney to review escape clauses and all terms and conditions
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Debe Maxwell, CRS
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
5,230,079
5,216,398
2,684,109
Example:
My friend paid $10,000 to an owner for a 1-year option to pay $500K for a piece of land at a major interection.
Friend sold/assigned the option contract to a hotel franchisor, who paid $900,000 for the property. Friend pocketed the $400K difference.
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Debe Maxwell, CRS
Charlotte, NC
1,712,676
1,502,998
Having the option of multiple offers is always a plus.
-
Debe Maxwell, CRS
Charlotte, NC
3,345,091
I wish you all the best with your studies.
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Debe Maxwell, CRS
Charlotte, NC
206,670
You asked if it is good for the seller. I can not see one good reason to rent with an option. First off the tenant lives in the property for a year and know all the problems. Number two even in a down trending market it has seemed the tenant was getting the better end of the stick.The third reason is that the landlord will no have a sure offer for twelve months.
Most options to buy are going market rent and no additional fee for the option so the landlord maybe setting money a side for a DP for the tenant. If this practice change maybe it would be a better deal for the landlord.
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Debe Maxwell, CRS
Charlotte, NC
7,836,134
They are helpful when purchasing land that needs to be rezoned.
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Debe Maxwell, CRS
Charlotte, NC
4,800,082
4,882,355
Option to buy if you get finance approval, option to buy if you can sell your current home, etc etc etc.
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Roy Kelley
Gaithersburg, MD
4,434,127
321,564
Options are always good for both parties. I'm not sure what you are referring to.
900,128
If the option is in fact written to benefit the seller, it means nothing is final, the seller retains the OPTION or choice to either pull the trigger or not when the option conditions arise. The trick is in how the option id worded; should always be reviewed by an intelligent attorney.
1,725,996
1,622,432
It is rare in my area for residential properties ( Los Angeles hood) since principals do not want to be locked in certain terms for years.
4,319,419
3,988,007
In a market that is a buyer's market it may help a buyer consider a seller's property.