The option period is the time period (usually 10 days) after the contract has been signed, and the potential buyer is able to fully inspect the property to decide if they really and truly want to buy the house.
These inspections generally send the seller into a constant state of panic, to the point where it seems like all the parents are doing is telling the children to clean up and don't-you-dare-bring-that-toy-out-here, while bribing them with ice cream and slurpees.
The buyer, meanwhile, shells out oodles of money so the inspectors can tell them everything that is already in the seller's disclosure, and then harasses said sellers by demanding ludicrous improvements like new gutters and a new roof.
For all of their agony and hair-wrenching, the sellers get a measly $100. Which, when divided out evenly over the 10 days, is $10 a day. Obviously not enough to keep them in a reasonable amount of liquor to survive.
Our option period ends today.
We fully expect it to go quietly, since our hair-wrenching (yes, about the roof and gutters) was done yesterday and Tuesday.
Here's hoping!
*clink*
:)
3 comments:
Oh, yes... the option period! Otherwise known as the 10th circle of hell! If you need more refreshments, just give us a call!
Did it go by without a hitch? I soooooooo hope so. I remember (almost 2.5 years ago) my girls home in our immaculate home watching way too much tv and eating dum dum lolipops ;)
You are in my prayers--as always--that all goes well in this transition.
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