Option To Purchase Real Estate Agreement printable pdf download

Option To Purchase Real Estate Agreement

Date: _______________

This option agreement is entered between the Parties, Optionor(s) and Optionee(s),

below in consideration of and subject to the following terms and conditions.

1. Parties and/or assigns as Optionee and as

Optionor.

2. Property Address: ____________________________________________

3. Offer: Optionee has the option to purchase this property at ______________

4. Period: _________ days

5. Terms and Conditions:

‐ Optionor understands that Optionees’s intention is to find an End‐

Buyer and assign this option agreement to that End‐Buyer for a fee (paid by the

End‐Buyer).

‐ Optionor understands that Optionee is acting as a principle in the transaction

and is not working as a licensed real estate broker representing anyone in the

transaction.

‐ Upon Optionee’s decision to exercise this option, both parties agree to move

forward with the necessary standard purchase and sales agreement.

‐ Optionor may cancel this agreement at any time if they find their own End‐

Buyer or decide not to sell. This cancellation must be done in writing.

‐ Optionor agrees to allow Optionee to advertise the property for sale.

‐ If Optionee does not acquire an End‐Buyer to assign this deal to within 14 days

of acceptance of this Option Agreement, this agreement becomes null and void.

‐ All parties agree that property is sold in “as is” present condition unless noted

otherwise.

‐ Time is of the essence in this agreement.

6. Optionor Added Comments: _________________________________________________________

___________________________________________________________________________________________

OPTIONEE:

DATE:_____________

OPTIONOR :__________________________________________________________ DATE:_____________

Option To Purchase Real Estate Agreement