whats option money: What's the difference between option money and earnest money? - 06/14/17 09:14 AM
Do you understand the difference between earnest money and option money? My clients in the Austin area often ask me about the difference between option money and earnest money.  In Austin, and the rest of Texas, the buyer must provide two checks once under contract for a property.  Both must be delivered in a timely fashion, and are usually used in residential transactions in Texas.The option money is non-refundable; however, a good real estate agent, like myself, will make sure the contract specifies that the option money will be applied to the sales price if the buyer determines they want to … (0 comments)