An Option is very much like a listing agreement that a real estate agent uses.  You control the property with a piece of paper.  The big difference with an Option is that you’ll almost always make a much bigger profit with an Option.  Plus you don’t need a license to use Options. Just like a listing agreement, if you get an option but are unable to find a buyer for the property, you are under no obligation to buy or close .. if your paperwork is done correctly.