Answering Your Questions About the Option Period
After you accept an offer for your home, we have reached a critical point in the transaction. We’re under contract, but before we can close, we have to go through the option period. Today we’re going to take a deep dive into this period to explain what you need to do to finalize the sale.
Feel free to watch the full video, or use these timestamps to browse specific topics at your leisure:
0:30 — How long does the option period last, and what’s it for?
1:15 — The different inspections that may be completed during the period
2:30 — What’s the listing agent’s responsibility during the inspection?
3:50 — Suggestions for preparing for the inspections as a seller
5:30 — How the option period gives buyers an out if they don't like something from the inspection
6:35 — Wrapping things up
As you can see, the option period is a necessary and critical part of the transaction. You’ll have to plan for it whether you’re a buyer or seller.
If you have any questions for me about buying a home, selling a home, the option period, or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.