Now it is pricing change which is a constant learning exercise.

If the property doesn't settle, he does not exercise his option and he is out $100.00 ---- Wow!

I really do hope that the bank doesn’t exercise that option.

It would be a good exercise to do some mystery shopping and tour your competition.Don't worry, it's not as difficult as you may think once you get into the habit of checking your comps for a couple weeks - you'll get the hang quickly.

The moral of the story is know when and where to exercise your authority.

Even if you’re not going through that exercise would be a good training experience for you.

It was mostly a disappointment for many reasons but what it doesn't touch on is, when collecting a deposit from a  tenant buyer, what happens when they decide to exercise the option?

Hello BP folks.First year owning this rental property  and we decided to be perform the inspection exercise ourselves.  

Once they exercise that option and actually close on the property, only then they will be responsible for maintenance and repairs.

RyanThis is the advice I received from my attorney and Title company regarding this very issue which I questioned last year;As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the same individuals in an official capacity (i.e.