Straight Option- What is it?
The option is a great way of selling and buying a real estate property. In this the seller sells the property to the buyer who in turn markets the property till he or she gets the property sold. The seller is then paid the price of the property by the buyer. The buyer here gets to have the profit that is the difference between hi buying and selling the property. The main advantage of this kind of agreement is that the seller is technically bonded by the option while the buyer is not but if the seller finds a buyer before the optionee does then the seller is released of any bindings there and then.
Advantages of using straight options
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