The option period is the time for homebuyers to ensure their investment is sound. Things to do during an option period include:
Get a home inspection
Discuss issues and risks with the home inspector and realtor
When applicable, negotiate repairs with the seller or seller’s representative
Verify that any repairs agreed upon have been made before closing
The buyer can walk away from a contract if they and the seller cannot agree on resolutions to repairs, pricing, and other issues. The contract must be canceled before the end of the option period.