Each month, the SanAntonioHomeQuest.com Realty Solutions Team answers many questions about all things related to homes for sale in the San Antonio area. Here’s a recent one:
Q: What does ”active option” mean?A: Active option means a buyer has successfully negotiated a contract to buy the property and, for a small fee, has purchased the unrestricted right to back out of the contract within a negotiated number of days, usually 10 days in this market. If the buyer exercises his option to walk away, the property will go back on the market.
During the option period, the buyer will have the property inspected by a licensed residential property inspector (if heor she so chooses), takes steps to finalize loan arrangements, and contemplates going through, or not going through, with the purchase.
The seller may allow continued showings during the option period in hopes of garnering a back up offer.
If you have a question about San Antonio real estate, call or send an E-mail.
We specialize in serving the realty needs of San Antonio area home buyers and sellers.
We are the sanantoniohomequest.com Realty Solutions Team, Keller Williams Legacy, San Antonio, Texas.
Contact Stephanie Kelley at swkrealtor@aol.com (210) 867-8743, Randy Kelley at kelleybus@aol.com (210) 863-2661, or Missy McBee (se habla espanol) at missymcbee@kw.com (210 288-9810).
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