The option period is a defined length of time that has been negotiated and agreed upon by both buyers and sellers. The option period starts the day AFTER the contract execution date and ends at 5 pm (local time) on the last day.
If you are buying a home in Spring Texas and you have a 10 day option period and the contract execution date is January 20th, then the option period ends at 5 pm (local time) on January 30th. All days in the contract are calendar days. Holiday or non-holiday days it doesn’t matter. Every day is counting as a day when determining the day that the option period ends.
But if you’re buying a home in Champaign Illinois, the option period may or may not end at 5 pm on January 30th because real estate is local and that includes the interpretation of when the option period ends.
From start to finish, Jill is effortlessly thoughtful at presenting all you need to know about the house-buying process. We... read moreFrom start to finish, Jill is effortlessly thoughtful at presenting all you need to know about the house-buying process. We purchased in Fall Creek this year and felt 100% confident in every move we made, taking her advice and not missing any steps along the way. She learned our wants and pointed things out in homes we never would have noticed ourselves. Nothing ever felt rushed or bothersome in working with Jill. Her demeanor is completely professional all of the time and we really loved our experience. We recommend her 100%! read less