Taking Option Before Deed
Does anyone sign an option to buy for like 30 days before going into the deed?
I was thinking that the process to buying RE was to get the call ask proper question ( worth owe and minimun taking ect...) then have an apointment to see the property and make offer. then sign an option to buy followed by the deed a couple days later... :-? [ Edited by ipitsky on Date 06/22/2004 ]
After quick consideration, I can't seem to find any reason that what you're asking would pose any advantage -vs- getting the deed right away.
What are you trying to accomplish here?
Why would you put a option to buy without even looking at the property first... :-D
Staying with this one, what is the option gaining you that you would not already have? If you can get signatures for an option why can not not get signatures for the deed?
Side note: An option can cost more as you have to pay something then and there while the deed they can sign over for zero cash.
John
[addsig]
Well I was thinking that when you get a call you get most of the info from the intial call, then get to there house as quickly as possible. have the seller sign a option to buy so you do your due dilligance on the house.
If you can get the deed, get the deed. Then do your due dilligence, next and only if everything checks out, file the deed and make it official. If there are surprises that blow the deal for you, call the seller and tell them the deal is off. Oh yeah, Don't give them a large deposit, that way you can walk without feeling too bad. It only takes $10 to make it legal.
Jeff