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guys in this video were gonna learn about what is an option contract in real estate [Music] okay what is an option contract in real estate its so incredibly simple its an agreement to purchase a property right but it gives you the option to do so so like a purchase and sale contract you are essentially obligated to buy the property unless you opt out of that contract before any contingencies expire all right with an option agreement its kind of the opposite basically the contract typically expires and you have to opt in to purchase the property before the end of the option expiration so look at it like a stock and if youre not a stock trader ill ill explain it regardless right but its just like a stock and with a stock you can buy options you can buy call options you can buy put options and those are basically options to buyer options to sell when real estate youre typically using an option to buy all right and from there you are going to give yourself a time frame so youre g
