States with Option Periods

[Andy Levin]

In Texas, option periods are the norm in real estate contracts. These option periods allow for buyers to back out of the purchase for ANY reason at all - even if the buyer just decides “no, nevermind.”

I am curious to know if these option periods exist in Oklahoma, where I am looking to invest. For what reasons can buyers back out of contracts in Oklahoma?

[Cassi Justiz]

@Andy Levin you are very welcome! 

I think Edmond has a lot of potential as a long term buy and hold rental market, but it's not as hot of a "cash flow" area as some of the other parts of the metro. I won't take up your whole thread, but I'll send you a PM with some of the pros/cons of Edmond.