You want to be able to perform the exercise with perfect form, with good resistance.

I would exercise due caution.Good Luck,Mike

What happens when your buyer attempts to exercise the option to buy the property and the owner changes his mind and refuses to sell?

I ask the person making the referral for a sample report from one of their properties because I don’t want an inspector’s “model†or “marketing†report, I want a real one.

.$...to be excercised on or before .......dateif optionee fails to exercise option liability and all recourse shall be limited to option consideration only.thats a great clause to have in there.I usually have 15 clauses in my options.16 if i need to give right of refusal and i write out the right of refusal so the seller will understand it for what it is.....avoid confusion if things are simple.KISS

Here is a sample of docs you will need to get assembled before you start dealing with the lender: 1. hardship letter 2. financial work sheet 3. bank statements 4. pay stubs 5. two years taxes 6. authorize to release information 7. sales contract 8. broker price opinion that's just to get started.

Is there anyone that has a sample copy of a single member operating agreement for a Florida LLC.

Conditionally Refundable Option Consideration Monies is the way to go, especially with the Attorney General in many States going after "Equity Skimmers" and the like.And, the exercise price can be tied to a formula, such as an either-or: [i]The purchase price shall be EITHER the average of 2 certified appraisals who must be a member in good standing of the American Society of Appraisers OR $xxx.xxxx, which ever is higher.

I would suggest checking with the title companies in your area to see what they are going to require at the closing of the exercised optionTo set up the deal just put the home under lease option with the seller, then bring your buyer into the deal.

If you think you might be interested in purchasing the property you can establish a sales price today and exercise the option (follow through with the purchase portion of the contract) anytime within the option term.