BuyingBasic

What Is Option Period?

An option period, common in states like Texas, is a negotiated window of days after contract signing during which a buyer can back out of the purchase for any reason, in exchange for paying the seller a small non-refundable option fee.

Most useful for: Repeat Buyer
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Option Period
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This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.

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