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Rainmaker
1,421,379
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Options for what?  Ask your instructor. 

Oct 05, 2017 04:33 AM
Rainmaker
5,443,758
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

renting with the option to buy???  I'm not a fan!!!!

Oct 05, 2017 03:51 AM
Rainmaker
760,360
Peter Mohylsky. Beach Expert
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN

Need more detail about this question

Oct 05, 2017 03:24 AM
Rainmaker
3,445,408
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kyle it depends on the market when it is a slow or hard to sell property options can be wonderful... on the other hand in a fast market or a very sellable property the answer is not favorable...Endre

Oct 04, 2017 11:24 PM
Rainmaker
824,005
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Depends on who holds the option and the specific terms. Normally the buyer/tenant does. In which case it's not advantageous to the seller at all. In fact, it usually binds the seller and not the buyer.

Oct 05, 2017 06:16 AM
Rainmaker
3,733,158
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

If you are talking about lease-option-to-buy, I've never been involved in one.  I'm sure there will be some who will be able to cite some success.  They are not common in my area in our current market.   

Generally, most people like "choices" so "options" in this sense of the word is fine, I'm in favor of having choices.   

Study hard.  Take lots of practice tests.  Good luck with your license examination.  

Oct 05, 2017 05:33 AM
Rainmaker
3,208,675
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Most often an option is only advantageous in a declining market. In this market holding the home for a buyer can cost you a sale from one of the many buyers ready, willing and able to buy now. 

Oct 05, 2017 05:24 AM
Rainmaker
3,067,302
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Nina Hollander nailed this one!

Oct 05, 2017 05:21 AM
Rainer
277,717
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

 Oh the joys of derivatives creeping into every facet of life these days. 

Oct 05, 2017 04:53 AM
Rainmaker
709,251
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

So many options for options....! 

Oct 05, 2017 04:29 AM
Rainmaker
3,567,083
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Options for what?

Oct 04, 2017 11:29 PM
Ambassador
4,844,297
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

For complex land grabs they help, most other times there is little advantage.

Oct 05, 2017 09:30 AM
Rainmaker
1,513,572
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

There are many potential "options", so being more specific with your questions would allow us to be more specific with our answers.    In general, options tend to pop up when the market is slow to create a broader buyer base.  

The advantages depend on the type of options being offered.  I've done many.  

Oct 05, 2017 07:30 AM
Rainmaker
2,570,373
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Its a control i.e. is a type of temporary leverage on Real Estate

Oct 05, 2017 06:31 AM
Rainmaker
1,418,177
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Kyle Beers An option benefits the potential buyer more than the seller. For consideration, the buyer can lock in a price for a specific period of time and always has the option to walk away at a later predetermined date. The only advantage to the seller is they have a potential buyer and money up front to form the option. An option must have consideration (cash). If the option is not exercised, the potential buyer will lose their consideration.

Oct 05, 2017 06:19 AM
Rainmaker
587,111
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I'm not sure what you mean so you'll have to provide more details.

Oct 05, 2017 06:18 AM
Rainmaker
526,160
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Only if there is a sizable non-refundable option fee and if the buyer sweetens the pot with other terms and conditions, such as paying the property taxes while under the option period.

The seller must consult a competent real estate attorney to review escape clauses and all terms and conditions

Oct 05, 2017 06:02 AM
Ambassador
3,768,725
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

It depends upon the option...

Oct 05, 2017 08:40 PM
Rainmaker
3,711,041
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Usually not!

Oct 05, 2017 04:25 PM
Ambassador
2,491,888
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      Example: 

     My friend paid $10,000 to an owner for a 1-year option to pay $500K for a piece of land at a major interection. 

      Friend sold/assigned the option contract to a hotel franchisor, who paid $900,000 for the property.  Friend pocketed the $400K difference.    

Oct 05, 2017 01:52 PM
Ambassador
1,706,758
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

One should always have options.

Oct 05, 2017 11:49 AM
Rainmaker
1,316,342
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Having the option of multiple offers is always a plus.

Oct 05, 2017 09:00 AM
Rainmaker
2,902,877
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your studies. 

Oct 05, 2017 08:32 AM
Rainmaker
206,520
Chuck Mixon
The Keyes Company - Cutler Bay, FL
Cutler Bay Specialist, GRI, CDPE, BPOR

You asked if it is good for the seller. I can not see one good reason to rent with an option. First off the tenant lives in the property for a year  and know all the problems. Number two even in a down trending market it has seemed the tenant was getting the better end of the stick.The third reason is that the landlord will no have a sure offer  for twelve months.

Most options to buy are going market rent and no additional fee for the option so the landlord maybe setting money a side  for a DP  for the tenant. If this practice change maybe it would be a better deal for the landlord.

Oct 05, 2017 07:50 AM
Rainmaker
5,978,702
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

They are helpful when purchasing land that needs to be rezoned.

Oct 05, 2017 07:26 AM
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

More advantageous to buyers.

Oct 05, 2017 06:14 AM
Rainmaker
3,575,331
Richard Weeks
Dallas, TX
REALTOR®, Broker

Option to buy if you get finance approval, option to buy if you can sell your current home, etc etc etc.

Oct 05, 2017 05:35 AM
Rainmaker
4,432,971
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Others have answered.

Oct 05, 2017 05:34 AM
Rainmaker
1,992,806
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No idea.

Oct 17, 2019 04:25 PM
Rainer
308,078
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

Options are always good for both parties. I'm not sure what you are referring to.

Oct 07, 2017 09:27 PM
Rainmaker
781,572
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

If the option is in fact written to benefit the seller, it means nothing is final, the seller retains the OPTION or choice to either pull the trigger or not when the option conditions arise. The trick is in how the option id worded; should always be reviewed by an intelligent attorney.

Oct 07, 2017 10:03 AM
Rainmaker
1,599,088
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

We all have options....until we die

Oct 07, 2017 10:00 AM
Rainmaker
1,507,472
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

It is rare in my area for residential properties ( Los Angeles hood) since principals do not want to be locked in certain terms for years. 

Oct 06, 2017 11:09 AM
Ambassador
4,307,769
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Kyle Reyes - not my cup of tea....

Oct 05, 2017 09:20 PM
Ambassador
3,985,488
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

In a market that is a buyer's market it may help a buyer consider a seller's property.

Oct 05, 2017 09:13 PM