I went through the exercise not too long ago.

Id.Specific performance of a contract for the purchase of real estate may not be arbitrarily refused, but in the exercise of sound legal discretion should be granted, in the absence of some showing that to do so would be inequitable.

On the contrary, it only enables Toledo City Council and the Health Department to agree to the Health Department's exercise of Council's powers in Council's behalf.

The issue now is that its in the builders interest that I exercise that leverage and back out, effectively taking that my leverage away... interesting position for sure.

Additionally, let the seller know that you plan on exercising your option to purchase immediately upon showing 12 months seasoning to the lender that'll be refinancing and cashing them out.

On a personal level, an exercise in futility!

Whether you (or your assignee) exercise the option is immaterial.

Seller agrees to sell it for 100K.Wholesaler finds a buyer willing to pay 110K.Wholesaler purchases the property for 100K and sells it to the buyer for 110K.Profit from the deal 10K.At no time in the exercise is the wholesaler representing anyone but themselves.

EXERCISE OF OPTION.

A good educational exercise to find comps, but can be frustrating trying to bring a seller back to earth.