Sign Up or Log in
Homepage
Buy
Sell
Flat Fee MLS
Title
How it Works
Contact

Real Estate Glossary

What is Option?

An option is a legal right to purchase or lease a property at a specific price, at a specific time in the future. This can be beneficial for both the buyer and seller as it allows the buyer to lock in a purchase price and allows the seller to secure a sale in the future. Options can be used for both residential and commercial properties and can be used to secure land for future development.