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Right of First Refusal a Complete Tenant GuideLease Ref Form

Right of First Refusal a Complete Tenant GuideLease Ref Form

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hi I'm Casey McGowan with the McGowan home team at Remax and today is this is the first episode of a handful of videos that we'll be putting together that will be discussing real estate terminology today I wanted to explain to you what right of first refusal is an ROFR doesn't really roll off the tongue but that's the acronym the most common scenario of this is when a buyer submits an offer on a house and it's conditional on them selling their primary address whether it's a home or a condo its conditional on them selling their primary residence this will allow the buyer to purchase the home conditional on them selling so they don't own two houses at the same time so what they would do is submit an offer condition on them selling their property they would clear financing complete their inspection and if all goes well then all that would be hinging them from purchasing as the sale of their property now should should this offer be ac

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