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_________________________, referred to as SELLER, grants to BUYER the exclusive right to purchase the following parcel of real estate situated in __________________________ County, State of __________________________:
___________________________
until _____________________, upon the terms and conditions stated herein.
The Buyer may obtain a single extension of this exclusive option for a period of _________________ by the payment of a sum of $ ____ (______________________& ___/100 Dollars) before the expiration of the original term of the option herein.
The Buyer may exercise this option by notice to the owner. The sales price shall be a total of $_______ (______________________& ____/100 Dollars).
Any and all sums paid for obtaining this option shall be considered as earned fully by the owner when paid and the Buyer, _________________________, shall not receive credit therefore towards the purchase price.
Upon exercise of this option by Buyer, a closing shall take place within _________________________ days. The seller shall convey to the owner by warranty deed the property herein, and the title thereto shall be merchantable.
During the period between exercise of the option by the buyer and the closing the premises shall be adequately insured for fire and other perils by the owner.
The following closing costs shall be borne by the SELLER:
_________________________
The following closing costs shall be borne by the BUYER:
__________________________
Dated: _____________________
SELLER, Optionee Witnesses as to SELLER
_____________________________ _________________________
_____________________________ _________________________
Dated: ______________________
BUYER, Optionor Witnesses as to BUYER
_____________________________ _________________________
_____________________________ _________________________
Real Estate OptionReview List
This review list is provided to inform you about this document in question and assist you in its preparation. This is a standard real estate option agreement, which can cement a good or bad deal, depending on the business circumstances.
1. Make multiple copies. Give a copy to each signatory. Keep one in the transaction file. If this is a major transaction for you, consider the additional protection of getting a notarized signature.
2. Modify the terms of the agreement as appropriate.
What else can I help you with?
What does pending in real estate mean?
What does option pending mean?
How can I get out of a HOA in California?
Your only option will be to sell your real estate to another owner.
What are the key differences between a real estate ETF and a REIT, and which one would be a better investment option for someone looking to diversify their portfolio in the real estate sector?
A real estate ETF is a fund that invests in a diversified portfolio of real estate-related assets, while a REIT (Real Estate Investment Trust) is a company that owns and operates income-producing real estate. The key difference is that a real estate ETF provides exposure to a variety of real estate assets, while a REIT focuses on owning and managing specific properties. For someone looking to diversify their portfolio in the real estate sector, a real estate ETF may be a better option as it offers broader exposure to different types of real estate investments, reducing risk compared to investing in a single REIT.
How to do branding of real estate?
now a days Facebook is also a very good option.....
What are the release dates for The NJ Real Estate Show - 2010 Lease with an Option to Purchase 1-15?
The NJ Real Estate Show - 2010 Lease with an Option to Purchase 1-15 was released on: USA: 4 January 2011
Your sister died intestate her children do not want the real property you have been paying the mortgage and would like title to refinance how can you do this?
Your sister's estate must be probated in order for title to the real estate to pass to her next-of-kin. You could purchase the real estate from the estate. Another option would be to purchase the real estate from the children after the estate has been settled. In either case the estate must be probated. You need to speak with an attorney who specializes in real estate and probate law.
Is buying a local building to turn into rental apartments as a real estate investment a wise option?
Any real estate venture carries inherent risks, such as not being able to rent out, knowing what shape the building is in, etc. However, fortunes are made in real estate!
What degree to become a broker in Real Estate?
High School diploma is the minimum requirement to become a real estate broker. But you can also have an option to choose and earn a bachelor's degree in finance. But to get a license it is required for most state to get a post secondary course in finance or real estate.
What other field can a real estate agent pursue?
A real estate agent can move into property management, investment, development, mortgage brokerage, or appraisal. Other options include marketing, real estate tech, construction, interior design, or teaching.
How can I find real estate for my company?
Finding real estate in New York can be a very intimidating process. The best bet is to know someone, but if that's not an option the local newspapers can be a surprisingly good source of rental information.
real estate?
Real estate refers to property that consists of land and any permanent structures on it, including natural resources like crops, minerals, and water. It is a form of real property distinct from personal property, which includes movable items like vehicles and furniture. Real estate is broadly categorized into four main types: residential, commercial, industrial, and raw land. Residential real estate encompasses homes and living spaces such as single-family houses, condominiums, and apartments. Commercial real estate includes buildings used for business purposes, like offices, shopping centers, and hotels. Industrial real estate involves properties used for manufacturing and warehousing. Raw land refers to undeveloped property. Real estate is a significant economic sector and often represents the largest financial asset individuals own. Its value tends to appreciate over time, making it not only essential for housing but also a lucrative investment opportunity
Where can one find properties for sale in Italy?
One option is to contact an Italian real estate agent. Another option is to visit websites such as RealPointItaly, ItalyHouseHunt, and EuropeanProperty.
