Good Purchase Option Agreement "consideration"
When tieing up a property with a purchase option agreement, for say 60 to 90 days, how much "option consideration" money is reasonable? The least amount you can negotiate with the seller?
Anyone care to give past examples of their deals?
Thanks all! <IMG SRC="images/forum/smilies/icon_eek.gif">
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Casey R. Harlan
**Please See My Profile**[ Edited by CaseyinBoise on Date 12/10/2003 ]
My usual option money consideration is $10.00. I have yet to have a Seller balk at that.
Thanks Jonesoe30.
I like that idea. And is there a time frame that you usually allow yourself? 60 to 90 days?
Thanks!
[addsig]
Yes, I usually shoot for a 90 -day Option period, but everything's negotiable. Just work out a time-frame that both you and the Seller can live with. Blessed Investing!