Option agreements have been used successfully by many farmers and landowners when working with developers who have applied for building permits for housing or renewable energy projects. The main drawback of an option agreement is that after a building permit is granted, the market is not tested to the point where the landowner sells the land to the developer. The land would not be put on the open market of third-party bids, and thus it is possible that the landowner could sell the land to the developer under the option agreement for relatively less than if they had tendered for the sale of the land on the open market. It is understandable that a developer always wants to pay the minimum for the country, and the landowner will always want the best price he can realistically achieve. This, of course, is where there will be the most reason for the difference between the two parties, because their interests will be misdirected. The real estate market has experienced its ups and downs over the past 10 years. An option agreement does not guarantee the sale. When entering into an option contract, the landowner often has to give a standard guarantee to the developer, which means that the seller cannot sell the land in full to a third party during the agreed period of the option. The downside for the seller is that if the developer does not get a building permit and withdraws from the option, the purchase would not continue. As a landowner, you can use the skills, knowledge and means of an experienced developer. Since most « take » options are options, unless there is a serious drop in the market, or conditions related by planners to a successful agreement, are too stressful for the developer to pursue, you are sure of an interested buyer at some point in the future.
Third-country interests by country: consultation with other third parties may be necessary before an option agreement can be reached. For example, do the country`s lands depend on the passageway? Will you have access to services as soon as the sale of the land is complete? Have you consulted your bank or does everyone have a first property tax? It is clear that the decision to pursue a transportation option or contract depends on the personal choice of the landowner and what drives him to continue the development of their land.