Newsflash: Has anyone had experience with buying/selling options over realestate?

I had a look through the history of this sub but couldn’t find much that relates.Would anyone be able to share their experience of buying an option over commercial or residential realestate? In particular, i would like to know what the terms were (e.g. how long you had to exercise the option, how you set the purchase/sale price, the size of the premium etc)thanks in advance

Read more at http://www.reddit.com/r/RealEstate/comments/48atf6/has_anyone_had_experience_with_buyingselling/

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