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The Tallest Realtor in Town

Hill Country and Highland Lakes Real Estate Blog by Jeff Spears, 6 ' 7" Tall.
Have You Found the One?

Buying is a tough decision.  Often buyers find the home "the one" after seeing many homes, but still do not act.  Getting over the mental block of taking the huge step to purchase is always a challenge.

Luckily, the structure of today's home purchase contracts allow you to further consider a purchase without being locked into the deal.  An option period for nominal financial consideration allows you to secure the possibility of buying the home while you get more information.  Usually, for around $100, you can have a 7-10 day option period to get inspections and find out more about a property.  If you do decide to walk away within this period, you are only out the option fee and the costs of the inspections.  The loss is minor compared to the purchase price of a home.

If you think you have found "the one", consider making an offer with an option period clause.  This is the only way to find out the true price required to buy the property and it gives you control over the situation.  Making an offer is not at all risky when it is structured properly.

 

Posted: Tuesday, February 09, 2010 9:42 AM by Jeff Spears

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