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Buyer's Guidechevron_rightGlossary

Option money

In plain English

In Georgia, a payment to the seller in exchange for your right to walk away for any reason during the due diligence period. The standard contract refers to $10, and a seller can ask for more.

By David Knorr · Last reviewed October 28, 2026

Why it matters to you

Unlike earnest money, option money goes to the seller and they keep it if you walk away. If a seller asks for more, it's part of the price of your walk-away right.

routeStep 5: Make an offerEarnest moneyDue diligence period

infoGeneral information based on the standard Georgia REALTORS® purchase contract and public guidance. Your own contract decides: read it, and ask your agent or closing attorney about anything that matters. Not legal or financial advice.