How to Exercise Your Real Estate Option

First things first: Once you decide to purchase a property under option, you must exercise your real estate option. And you can do this by sending the optionor an exercise of real estate option notification letter like the sample on page 207. I recommend that you send your letter by U.S. Postal Service Certified Mail, return receipt requested, so you have verifiable proof that it was received by the op-tionor. Also, send a copy of the notification letter to the attorney or escrow or title agent holding all of the property title transfer documents in escrow.

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