Buyer Brittany has a signed document that would allow her to purchase a property within one year at an agreed upon price. Which contract feature allows this type of agreement?

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Sigman · Answer 1 · 2020-04-28T06:18:03+0000

Answer:

a purchase option

Step-by-step explanation:

A purchase option in a real estate contract allows the buyer to purchase a property within a certain specified of time for an agreed price. For example, I have a purchase option that allows me to buy an apartment within 6 months for $150,000.

While the purchase option is valid, the seller cannot sell or transfer the property to another buyer.

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Buyer Brittany has a signed document that would allow her to purchase a property within one year at an agreed upon price. Which contract feature allows this type of agreement?

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