How A Real Estate Option Transaction Works

How A Real Estate Option Transaction Works

step#1: the optionee pays a RE-OPTION FEE to the optionor.

step#2: the optionor grants the optionee the exclusive, unrestricted, and irrevocable right and option to purchase a property.

step#3: the optionee ASSIGNS or EXERCISES his option or lets it expire.

step#4: Once EXERCISED, a real estate option agreement turns into a bilateral agreement in which the optionor becomes seller.

step#5: the seller transfers the properties TITLE to the buyer @ closing.

YOUR HERO, SULLY.

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YOUR HERO, SULLY