Posted by Mary in CA on June 06, 2005 at 13:09:59:
If I don’t buy you keep the option money?
I wouldn’t think that options would work very well with someone in a hot market who is set on selling, but rather with those who are waffling about selling (as in I don’t know if I want to sell, but if I get my price, I would).
Not exactly motivated sellers, but if you’re willing to bet on appreciation to cover the price at a later date . . . . maybe.