Or is there time frame it needs to be fixed by most vendors are backed up right now.

I personally ALWAYS use 30 days as the time frame to close in.

If not, your agent will likely be owed commission for any property that you purchase within the timeframe listed on your agreement.Lastly, how are you planning to find your own deals?

What is the completion time frame.

It’s a great, relatively inexpensive service—especially when you know how to build your property criteria.

So the seller has no illusion that the optionee is required to purchase his property, he’s merely getting some cash for giving the optionee the RIGHT to purchase within a certain timeframe - IF he chooses.I think those that are both experienced AND well capitalized have a chance to survive with either of these two scenarios, or perhaps another that complies with the new rules in effect.  

So the justification is, the price is really cheap when compared to what I can get close to home.In reality, this particular property is not inexpensive for the area it is located and the condition it is in. 

The issue with that property was we didn't control the rehab under budget and timeframe.

They say something to the effect “ what is the timeframe you’re looking to close?

During the mortgage crisis i worked as a loan officer for a very short period , in that time frame i saw how shady that part of the business was, customers where signing documents blind and for that very reason most lost their homes, everyone was taking full advantage of the situation and trying to get a wealthy as fast as possible before the party was over.What i dont like working with loan brokers/officers is that there is a lot of jargon in their paper work that they only understand , i wouldnt want to get stuck in bad mortgage deal .