“Seller” [field id="field_41ada14"] [field id="field_154ed7c"] will allow “Buyer” Mike Riley to Flex option the property at: [field id="field_c6572d1"] (Address), [field id="field_ac0bec7"] (City), [field id="field_52e670f"] (State), [field id="field_6dc2ed2"] (Zip)
Purchase price to be: $[field id="field_9ab3c07"]
Term of Flex Option to be: [field id="field_cacd766"]
Amount of closing costs paid by Seller to be: [field id="field_622e703"]
The Closing of Flex Option to begin as soon as Buyer acquires a new buyer for the property.
This Flex Option Agreement Memo will be assigned by Buyer to a new Flex Option Buyer.
New Flex option Buyer will then close the option and purchase property according to sales terms of the seller.
Seller has the right to approve new Flex Option Buyer.
Seller may use the Buyer’s Purchase Agreement forms or may use a form that Seller chooses when Flex Option Buyer is aquired.
Seller may cancel this agreement at any time if they find their own buyer or decide not to sell. Buyer’s intention is to find a Flex Option Buyer and assign this Flex Option Agreement Memo to that flex Option buyer for a fee. New Flex Option buyer will then pay Seller the Purchase price amount at Closing.
Seller agrees to allow Buyer to put a sign in the yard, advertising the property for sale. If Buyer does not acquire a Flex Option buyer to assign this deal to within 90 days of acceptance of this Flex Option Agreement Memo, this memo becomes null and void.
Important Disclosure: BUYER IS A PRINCIPAL IN THIS TRANSACTION. BUYER DOES NOT REPRESENT ANYONE IN THIS TRANSACTION BUT OWN SELF.