Option Consideration Question

Newbie question for someone: I have read through many topics here and tried to find my answer, and I think I have, but I just want to be sure:

Is the option consideration put up by the T/B when the contract is signed? In this respect, is it much like a down payment made to the owner?

Thanks.

Comments(2)

  • LarryNut15th February, 2005

    Yes and Yes. You are on the right track. Your goal as the buyer is to get the entire amount of option consideration applied toward the purchase price.

  • batta_12315th February, 2005

    Thanks very much.

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