Option at Real Estate Glossary
What is it? An agreement to keep open, for a set period, an offer to sell or lease real property.Real Estate Definition Added By: Will
The Option definition has been viewed 474 Time(s)!
Send To Friends!
If you'd like to send the Option definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Option. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Real Estate Terms:
Real Estate Term No-competition lots is A lot in which the buyers home will be constructed by a particular builder.Real Estate Term Trading up is A reference to buyers who purchase a home that is more expensive home than their current house.
Real Estate Term Realtor is A designation for an agent or broker who is a member of the National Association of Realtors.
Real Estate Term Prepaid expenses is The costs for taxes, insurance and assessments paid before the due date.
Real Estate Term Density test is An analysis of soil to determine if the surface can support the foundation of a house.