Do I need to convert this to a Purchase Agreement? - Posted by Dan

Posted by Brent_IL on August 29, 2003 at 11:58:42:

You can sell your option, but if you want to sell the property you’ll need a purchase contract.

Do I need to convert this to a Purchase Agreement? - Posted by Dan

Posted by Dan on August 29, 2003 at 07:51:27:

I have a property that I tied up with a one page “Option Agreement” for $3500. Do I need to convert this agreement to a “Sales and Purchase Agreement” when I either flip it or buy it?