So how do flex options work in Florida?

[Benjamin Cowles]

Being new and not having yet put any buyers with any sellers I don't feel confident tying up someone's property not knowing for sure I can close the deal, so I just recently came across these (non-exclusive)flex options which seem like a possible solution but then I've read a lot of the DF implications which to me seem a bit ambiguous.

Do they require any consideration to be valid? Are they simple? And can anyone recommend one online or should I leave that up to an attorney to draft?

So if anyone, particularly in Florida can comment on my idea of using these options please do. Thanks

[Account Closed]

Yes they do and to make sure they don't go around you, you need to file a 'Memorandum of Option' at the county assessors office against the property. DO NOT record the actual Option Agreement. If you have the option and you record the Memo of Option, when the title company tries to close you have 'clouded' the title and the owner has to deal with you to actually buy the house. You can then negotiate the purchase with the new buyer, as you buying it from the seller and selling it to the new buyer.