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Most investors know very well that foreclosures in San Francisco present profitable opportunities. W...
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As part of his "To Do List" President Barack Obama visited Val and Paul Keller on Friday. The White ...
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The suburban Boston home where Babe Ruth lived after he had been sent to the New York Yankees is for...
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The sale of Hawaii's smallest publicly accessible inhabited island is imminent, and local leaders ar...
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Option

The right to purchase or lease property within a pre-determined time at a specific price. There is no obligation to purchase, but the seller is obligated to sell if the option holder exercises the right to purchase. For the option to be valid, it must include consideration (i.e. earnest money).

See also:
  • Offer
  • Open End Loan
  • Open Listing
  • Option
  • Origination Fee
  • Owner Financing

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