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Good Purchase Option Agreement "consideration"

CaseyinBoise profile photo
  • Thursday, December 11, 2003 @ 10:10 AM EST
  • 3 Comments
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"> _________________ Casey R. Harlan **Please See My Profile**[ Edited by CaseyinBoise on Date 12/10/2003 ]
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  • jonesoe30
    jonesoe3010th December, 2003
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    My usual option money consideration is $10.00. I have yet to have a Seller balk at that.

  • CaseyinBoise
    CaseyinBoise10th December, 2003
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    Thanks Jonesoe30.

    I like that idea. And is there a time frame that you usually allow yourself? 60 to 90 days?

    Thanks!

    [addsig]

  • jonesoe30
    jonesoe3011th December, 2003
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    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!

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