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Option
You can build a healthy amount of wealth, quickly, by selling real estate you don't own! And to accomplish that, an investor must trade real estate options, which allow an investor to hold a control the underlying property without actually owning it or pay a mortgage on it.
 
An investor, enters into a contract with a seller, that gives the investor the right, but not the obligation to purchase the underlying property by a specified time period or sell its option to another buyer for a fee, and usually quite a good one.
 
Option to buy is distinct from a real estate contract as the it only creates a right but not an immediate obligation to purchase a property, only once the option is exercised those the contract becomes enforceable.
 
It is important to note that option fees are not a down payment on a property and are not refundable. Some option contracts may state that the option fee would be included in the price of the property, if exercised.
 
All said, please remember that trading in Real Estate Options is an Art and professional advise should be sought.
 
     
 
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Looking to Buy or Sell Luxury Real Estate In Toronto, North York, Thornhill, Woodbridge, Vaughan, Richmond Hill, Aurora, King City and beyond...visit LuxuryBroker.ca
 
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