LandInvestors.com Forums **Ask A Question** Option Agreement Question

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  • #18816

    Paul Donnelly
    Participant
    Post count: 3

    Hi All-
    What is the best way to self close on an option agreement? We are not closing thru Title.
    The property is in a POA so I don’t want to do 2 closing as I will incur 2 transfer fees.
    I just want to make sure I get the paperwork correct. Any feedback is greatly appreciated!

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  • Chuck Lidtka
    Participant
    Post count: 135
    ProAdvanced

    Just close it. Same as if you had a Purchase & Sale Agreement. I don’t use any written agreements other than the offer letter on most of my self-close transactions. Plus you already have the numbers and details on the Option.

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