Create your Real Estate Purchase Option from scratch

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Here's how it works

01. Start with a blank Real Estate 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 Real Estate Purchase Option in seconds via email or a link. You can also download it, export it, or print it out.

A detailed walkthrough of how to design your Real Estate Purchase Option online

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Step 1: Start with DocHub's free trial.

Go to the DocHub website and sign up for the free trial. This gives you access to every feature you’ll require to build your Real Estate Purchase Option with no upfront cost.

Step 2: Navigate to your dashboard.

Sign in to your DocHub account and proceed to the dashboard.

Step 3: Initiate a new document.

Hit New Document in your dashboard, and select Create Blank Document to design your Real Estate Purchase Option from scratch.

Step 4: Use editing tools.

Insert various elements such as text boxes, radio buttons, icons, signatures, etc. Organize these elements to match the layout of your document and designate them to recipients if needed.

Step 5: Organize the form layout.

Rearrange your document in seconds by adding, moving, deleting, or merging pages with just a few clicks.

Step 6: Craft the Real Estate Purchase Option template.

Transform your freshly designed form into a template if you need to send many copies of the same document multiple times.

Step 7: Save, export, or distribute the form.

Send the form via email, distribute a public link, or even post it online if you aim to collect responses from more recipients.

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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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Rather, the tenant can exercise the option by providing timely notice and make payment upon conveyance of the property. The contract will, however, dictate performance. Thus, if the contract requires payment in order to exercise the option, timely notice alone will not be sufficient.
Defining an option contract in real estate. In the simplest terms, a real-estate option contract is a uniquely designed agreement thats strictly between the seller and the buyer. In this agreement, a seller offers an option to the buyer to purchase property at a fixed price within a limited time frame.
For example, you own 200 acres of land you want to sell while a prospective buyer wants to develop a new subdivision. By pursuing a real estate option, the buyer has more time to secure the necessary funds while you can sell the property to a credible, low-risk buyer.
An option to buy contract is an agreement between two parties where an investor or tenant pays a fee in exchange for the rights to purchase property at some point in the future. You can have a straight option to buy a contract, which is a unilateral contract that only binds the seller to its terms.
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.
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Related Q&A to Real Estate Purchase Option

Irrevocable for both parties: The seller must commit to allowing the buyer to exercise the option within the stated period and for the agreed-upon consideration; they cannot suddenly decide to terminate the option early, or sell the property to another person during the option period.
No matter the format, an option to purchase must: 1) state the option fee, 2) set the duration of the option period, 3) outline the price for which the tenant will purchase the property in the future, and 4) comply with local and state laws.
a financial agreement that gives someone the right to buy property or land within an agreed time and for an agreed amount, especially after they have rented it for a particular amount of time: The city leased the building to Rescue Ministries in 2009 with an option to buy.

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