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.

Marketing to FSBOs is a exercise in building relationships and trust.

They are typically used by people (such as agents and sellers) to try to induce newbies to buy property that will bleed cash.

If they buy outright or when they exercise the option they get new financing.No loan was ever in my name.Sub2 and L/O work in every state as long as you follow the rules.

Maybe a small amount, 5-10%, is a "rent credit" that's credited when the option is exercised, assuming it actually is.

We recently exercised this right due to smelling smoke next door coming from a "non smoking" apartment and were able to make a substantial increase in rent due to evidence found of smoking in the unit. 

Let's see: Exercise the dog, rake the leaves and trash up, do the dishes, clean the house, do the laundry (including changing and remaking the beds) wash and gas up the van...Oh, a biggie---get my computer to work better and faster.

On the day of the sale or after a year when the buyer exercise the option?

In addition, they talk about writing in a provision which gives possible future owners the responsibility of paying for repairs below $500 while they are renting and considering exercising the option.

or can't be found at exercise time?