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What is the Option Period for?

The Option Period is sometimes a misunderstood part of the contract.  It provides the buyer the option to cancel the contract during a certain number of days agreed to in the contract, without any penalty to the buyer.  In consideration for this, the buyer does pay a nominal fee (generally in the $100-200 range), which is not refundable if the buyer cancels the contract.   During the option period the seller
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Knowledge is Power – especially in Real Estate

If you have lived any amount of time, you have no doubt heard the phrase - "Knowledge is power", and most likely said something along the lines of "I wish I knew...".  With so much information online about real estate, advertisements in magazines and on billboards, and TV personalities pitching how they can make you an expert in one weekend, it's probably a surprise that the average Joe still has
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