Real estate options are contracts allowing buyers the right, but not the obligation, to purchase a property at a predetermined price within a specified timeframe. They are primarily used in commercial real estate but can benefit regular investors. Key advantages include low initial investment, flexibility, and potential profit from market appreciation. However, buyers face non-refundable fees, limited control over the property, and market downturn risks. Real estate options provide a strategic way to manage investments while mitigating risks associated with direct property purchases.
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