Active Option Defined For San Antonio Homes For Sale
Posted by Randy Kelley on July 7, 2010
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 the option to walk away, the property will go back on the market as an active listing. During the option period, the buyer will have the property inspected by a licensed residential property inspector (if he or she so chooses), takes steps to finalize loan arrangements, and contemplates going through, or not going through, with the purchase.
The seller may continue to allow showings during the active option period in hopes of garnering a back up offer.
We’re Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about our wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
Labels: Homes For Sale San Antonio, Homes San Antonio, PCS San Antonio, San Antonio Army PCS, San Antonio Physician Loan, San Antonio Real Estate, San Antonio Realty, San Antonio Realty Market Report
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