We give you money now (the “Option Fee”), and you give us the exclusive right to buy your home from you at a specific date in the future.
In real estate lingo, this is called an option contract, or more simply, an option.
Up to 10% of your home’s current value in most cases.
We buy options for various periods 2-5 years from now, but we’re flexible. Let us know what timeframe works best for your particular situation. Every client is different.
We use a factor of your home’s appraised value at the time of sale.
That’s fine, we’ll buy the house at any time prior to the expiration of the option.
That’s fine too, we can cancel the option and you just repay us the Option Fee. If you don’t have the cash available, we’ll finance it for you and allow you to repay us over time. You’re also welcome to arrange your own financing through a bank, credit union, or other lender.
No, we’ll still buy an option from you.
We can typically fund your option within 10 business days of your application.
An Option Fee isn’t a loan, and you don’t make any payments to us along the way. We simply deduct the Option Fee from the future sales price at closing, similar to a down payment.