What Is the Option Period?
The option period is a negotiated window — typically 7 to 10 days in Texas — during which the buyer has the unrestricted right to terminate the contract for any reason. In exchange, the buyer pays you an option fee, usually $100 to $500.
This is one of the most critical periods in the entire transaction. If the buyer walks away during the option period, they keep their earnest money and you keep the option fee. If the option period expires and the buyer has not terminated, they are committed.
Why It Matters for Sellers
The inspection happens during the option period. The buyer will hire an inspector, and the inspection report will drive the next negotiation — repair requests. This is where deals fall apart most often.
The clock is real. If the option period is 7 days and you receive a repair request on day 5, you have very little time to respond. Missing the deadline can cost you leverage.
Shorter is generally better for sellers. A 7-day option period gives the buyer less time to find reasons to renegotiate. A 14-day option period gives them more room to shop for a better deal while yours is locked up.
How Waymark Handles Option Periods
Aria tracks every option period deadline automatically. You get reminders at 7 days, 3 days, and 1 day before expiration. On the Manage tier, your broker monitors the timeline alongside you and steps in for repair request negotiations.
You never miss a deadline. You always understand the terms before you respond.