Sadly, many have lost a lot of money due to fraudulent individuals claiming to be professionals. And make sure you read the contract thoroughly and understand it fully before signing it. The seller does not lose anything here either, because a non-refundable option money is paid for this period that will not be returned if the buyer decides to terminate the contract. [...] If the buyer chooses to cancel, it has to be done within the inspection/option period, beyond which the contract cannot be gotten out of that easily.
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