Re: Need straight option help… - Posted by Kristine-CA
Posted by Kristine-CA on April 17, 2002 at 12:45:34:
John-Pa: I am not an options expert but I’m concerned, along with Tim, about your questions, especially #4. If you assign your option, you assigning your option to buy that was, hopefully, attached to a purchase agreement. Your buyer steps in exactly as you would. They are to close when you said you would for the the price you said you would and any other little thing you put in there. If you optioned something and made it iron-clad without inspections, it might be pretty hard to find another buyer. Also, I hope your option agreement included access to the property for marketing, etc.
Read some more on this board and consider reading at least some basic creative RE books.
Hope this helps. Sincerely, Kristine