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Real Estate Glossary

Welcome to our online Real Estate glossary. To search for a term, use the search box below. To browse our terms, click on a letter of the alphabet and browse away!

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Option: A situation in which a buyer puts down money for the right to purchase a piece of real estate within a set time period but does not have an obligation to buy.
As defined by Inman

See Also:
 » Call option
 » Lease option
 » Partnership
 » Upgrades

The definition for Option and this glossary as a whole are presented to you as a courtesy of ForeclosuresMass. For other terms, explinations, definitions and descriptions, please visit our Glossary page.



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