Property Options
Property Options < Property < Keys To Succcess Club
A property option enables you to enter into an agreement where you have the “option” to buy a property. This might be at a specific date in time or at a previously agreed price. There is normally a fee attached to this option which you forgo whether or not you decide to proceed with buying the property.
It can be used as a way of making money in property by securing an option in a growing market in the hope that the property is of a higher value than in the option which will then mean you can either buy and refinance or sell to another party prior to settlement thus effectively making money without having to lay out significant money.
It works similar to an off the plan property where you put down a deposit except that you are able to walk away and are not tied into a contract to buy.
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Keys To Succcess Club > Property > Property Options