Episode 389 – Option Periods, Good or Bad?
As the process goes… You either find a property you want to buy or you have one that you want to sell and you go under contract on it. Great! That’s awesome. As part of this, it’s super common to negotiate a period of time that the buyer can perform further due diligence without the risk of losing the property to another buyer. This time frame is known as the Option Period. Is this a good or bad thing though? Are there drawbacks to them? Would you do a deal without one? All great questions and ones that were going to talk about today so join us and then let us know what you think.
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