Posts from September 23rd, 2019

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September
23

What First Right of Refusal Means for Contingent Offers

September 23rd, 2019 by Griffith Realty

First Right of Refusal - Griffith Realty

Buying and selling real estate often involves walking a tightrope of good timing. Can you sell your current home in time to avoid double mortgage payments? Will you have enough money for a down payment when your landlord is ready to sell?

Contingent offers and first right of refusal are tools designed to help level the playing field, but they have different implications. Our real estate agents demystify contingent offers and how they can affect your negotiations on Brighton homes for sale.

What Is a Contingent Offer?

"Contingent" refers to a condition fulfilled only upon the occurrence of another condition. In real estate, contingent offers attach a specific condition or conditions required before the sale is finalized. Typical contingencies include passing inspection, loan approval, and sale of the buyer's home. These often involve first right of refusal.

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Categories: Sell Your Home

Tags: Griffith Realty, For buyers, For the Seller, Contingent Listings

Posts from September 23rd, 2019

What First Right of Refusal Means for Contingent Offers

What Is a Contingent Offer?

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