- Joined
- Sep 20, 2007
- Messages
- 23
on the Ron Legrand option to purchase contract (as a buyer) section #4 states....... option consideration. in consideration for this option, buyer agrees to pay seller$_________now and $_________upon exercise of this option.
my question is what is a reasonable amount to pay now??? and upon exercising the option???
and is it possible to pay $0 now and $0 upon exercising the option....or does there need to be a dollar amount exchanged to make it legal??
also what clause would i put in my contract to make sure that any mortgage pay down comes to me.
thanks in advance, i appreciate the guidance!!!
my question is what is a reasonable amount to pay now??? and upon exercising the option???
and is it possible to pay $0 now and $0 upon exercising the option....or does there need to be a dollar amount exchanged to make it legal??
also what clause would i put in my contract to make sure that any mortgage pay down comes to me.
thanks in advance, i appreciate the guidance!!!