OK sellers... the word is out -- the market is tough-- no one is buying--- the buyer's can't get financing--etc...etc...etc...(you've heard it all) SO you get an offer - a FULL PRICE offer - BUT you do not want an option to terminate... NOW WHAT... A little guidance will go a long way... first off TAKE A DEEP BREATH....the buyer wants a 10 day option to terminate in order to have inspections done - termite, house, and foundation... Buyer's regardless of the outcome....having a home inspection is important and if possible be in attendance when the inspection is occurring so that you can ask questions - having a termite inspection can prevent a headache later - the same for foundation - especially if pier and beam. Buying a home is a big investment. Having the choice of knowing what the condition of your investment is before you buy is what a termination option does for you as a buyer. SOLD!
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