Legal documents giving a purchaser the right to buy a property at a specific price and time. The purchaser may choose not to proceed with the purchase and only forfeits the option fee, which is usually less than 1 percent of the purchase price.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). Option (to buy). Retrieved September 20, 2026, from http://smartdefine.org/option_(to_buy)/definitions/1159800 |
| Chicago | Barry Goldsmith. 2010. "Option (to buy)" http://smartdefine.org/option_(to_buy)/definitions/1159800 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, Option (to buy), Smart Define, viewed 20 September, 2026, <http://smartdefine.org/option_(to_buy)/definitions/1159800>. |
| MLA | Barry Goldsmith. "Option (to buy)" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/option_(to_buy)/definitions/1159800> |