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AFFIDAVIT as to TERMINATION of OPTION Form

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hi this is Pat Welsh with Keller Williams Memorial the Legacy team uh take a couple minutes to talk about the termination option in our 1 to4 family contract um the termination option shown here in paragraph 23 allows for the buyer to exercise the right to terminate the contract without any cause or reason during a specific time they pay a a fee to the seller the option fee typically it's uh um $100 to $300 depends on the size of the house bigger more expensive houses may even be more than that uh for a period of time which is often times something like uh 10 days sometimes a little shorter sometimes a little longer um the whole point of the termination option is to give the buyer the opportunity to do his due diligence to inspect the property to uh uh to maybe call in secondary inspectors if it's necessary after the original inspection and to satisfy himself uh concerning the condition of the property also during this time it's frequently uh the case that the b

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