Create your Home Purchase Option from scratch

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Here's how it works

01. Start with a blank Home Purchase Option
Open the blank document in the editor, set the document view, and add extra pages if applicable.
02. Add and configure fillable fields
Use the top toolbar to insert fields like text and signature boxes, radio buttons, checkboxes, and more. Assign users to fields.
03. Distribute your form
Share your Home Purchase Option in seconds via email or a link. You can also download it, export it, or print it out.

Design your Home Purchase Option in a matter of minutes

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Step 1: Access DocHub to build your Home Purchase Option.

Start by logging into your DocHub account. Try out the advanced DocHub functionality at no cost for 30 days.

Step 2: Navigate to the dashboard.

Once logged in, head to the DocHub dashboard. This is where you'll create your forms and manage your document workflow.

Step 3: Design the Home Purchase Option.

Click on New Document and choose Create Blank Document to be redirected to the form builder.

Step 4: Design the form layout.

Use the DocHub features to insert and arrange form fields like text areas, signature boxes, images, and others to your form.

Step 5: Add text and titles.

Add necessary text, such as questions or instructions, using the text field to assist the users in your document.

Step 6: Customize field settings.

Alter the properties of each field, such as making them required or formatting them according to the data you expect to collect. Designate recipients if applicable.

Step 7: Review and save.

After you’ve managed to design the Home Purchase Option, make a final review of your form. Then, save the form within DocHub, transfer it to your chosen location, or share it via a link or email.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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The Option Period is 21 calendar days (including Saturdays, Sundays, and Public Holidays), from the date of granting the OTP (refer to Step 2). It expires at 4pm on the 21st calendar day.
An option to purchase is an agreement that gives a potential buyer (optionee) the right, but not the obligation, to buy property in the future. The optionee must decide by a certain time whether to exercise the option and thereafter by bound under the contract to purchase.
Buying a house: A step-by-step guide Determine why you want to buy a house. Purchasing a home is a major decision that shouldnt be taken lightly. Check your credit score. Save for a down payment. Create a housing budget. Shop for a mortgage. Hire a real estate agent. Go house-hunting. Make an offer.
Exercising the option means that the buyer has legally agreed to purchase the property and cannot pull out of the property transaction. Therefore, you should only exercise the OTP when you are 100% sure about buying the property and that you qualify for a bank or HDB loan for it.
The option usually includes a predetermined purchase price and is valid for a specified term such as six months to a year. However, the buyer does not have to buy the property, whereas the seller is obligated to sell to the buyer within the terms of the contract. Options have to be bought at an agreed-upon price.
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Related Q&A to Home Purchase Option

An option agreement real estate is an irrevocable and continuous offer to sell for a specified period. [ii] The Optionee (potential purchaser) exercises its option when it articulates its intent and ability to perform before the option period expires.
An Option Agreement gives time to the buyer to obtain funding to develop the property (and not just purchase it), obtain site control over the property, and conduct any due diligence. The buyer is not obligated to purchase the property until the option is exercised by the buyer.
The most interesting part of this arrangement? Once this option is in motion, the seller of the property cant offer the property to anyone else until the agreed-upon time frame is up. Even though the buyer has the option to purchase the property, under an option contract, theyre by no means obligated to do so.

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