Spam prevention
Rainmaker
5,582,595
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kennith,

This would take a book to answer.  It depends on the deal and its structure, and it depends on the property...Sorry

Mar 20, 2019 03:24 PM
Rainmaker
1,918,204
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

kennith Frazier that's a great question for a licensed mortgage broker.

Mar 20, 2019 04:25 PM
Rainmaker
528,840
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Too many ways to respond here. The options will be determined by the transaction. Each one is different.

Mar 20, 2019 06:18 PM
Rainmaker
6,603,303
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Options are common when the property needs to be rezoned before settlement. 

Mar 20, 2019 05:08 PM
Rainmaker
1,898,287
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I never worked with options kennith Frazier and I don't remember anything about them on my agents or brokers tests.

Mar 20, 2019 06:25 PM
Rainmaker
4,205,996
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

OPtions can be advantageous in commercial transaction situations. Not a good practice for residential.

Mar 21, 2019 04:08 AM
Rainmaker
2,641,192
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Options are a potent tool for the wheeler/dealer investor...

Mar 20, 2019 07:23 PM
Rainmaker
1,596,586
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No idea...

Jun 27, 2019 06:32 PM
Rainmaker
4,936,521
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Never had any.

Apr 02, 2019 03:39 PM
Rainmaker
910,246
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

It depends on the terms of the option. The option might be a good deal for the seller...depending on the terms.

Mar 22, 2019 09:58 AM
Rainmaker
1,735,162
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

There are different kinds of options so I would need a more specific question.  Options tie up a property for a designated period of time, restricting the owner from selling to another party until the option expires or is exercised. 

Mar 22, 2019 03:41 AM
Rainmaker
1,639,426
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

As Ron and Alexandra Seigel wrote and it all depends on the particular cycle the market is in regarding the succcess of acceptance of an option.

Mar 21, 2019 06:13 PM
Ambassador
3,054,625
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies. 

Mar 21, 2019 05:58 PM
Rainmaker
1,386,718
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

They aren't in my experience.

Mar 21, 2019 07:40 AM
Rainmaker
468,799
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Great tool for an investor - for residential or commercial. A down turning market is easier to get a seller to go along but it can be done in any market. Like Ron and Alexandra Seigel mentioned the ways to use options to ones benefit are many. My class (totally made up for you, I'm not an instructor) would be $500 for an hour. If  you take me up on it - let me know and I'll get $500 worth of materials ready for you. Sorry in advance for being a wisenheimer. I couldn't resist.

Mar 21, 2019 07:11 AM
Ambassador
5,405,937
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Every deal is unique, sometimes it is worthwhile to tie up some properties with options.

Mar 21, 2019 05:29 AM
Rainmaker
4,113,125
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

What kind of options?

Mar 21, 2019 04:50 AM
Ambassador
4,255,414
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Developers write option Offers to cover their time to perform their Due Diligence, ascertain that water/sewer are available, run plat plans by county planning, etc. As they move through each step, they pay another option fee.

Good luck with your studies.

Mar 20, 2019 08:39 PM