Let's not forget the limiting of counter-party capable of buying the property.

However, negotiation of a revised purchase offer is not precluded, should the parties so desire.What should I do so that the Purchase contract after assignment does not have inspection contingency, if I cannot remove the inspection contingency do I have to return the non-refundable deposit money obtained for Assignment of contract.

The distinction between banker and broker can be better understood if the observer looks to the compensation to the party.

Little late to the party here.

. , I'm late to the party, but I'm sure I speak for others....I'd love to know how your deal worked out financially? 

My lease states the prevailing party would be entitled to reasonable attorney fees.

I'm not a lawyer, but here's some info for you: http://en.wikipedia.org/wiki/Attractive_nuisance_doctrineThis can cut two ways though; the current owner is the responsible party right now.

However, we have a growing university and healthy student rental market with about 95% occupancy.Now, it was the seniors "Bar Crawl" today so the realtor warned me they'd be partying and it's the end of the year so houses are in rough shape.

Who are the parties in the option contract?

These are the questions I ask: Property Street Address: Property City and State: Type of Property: Asking Price: Name of the contact person: Contact information: Is the property owned by bank or private party?