Many times the conversation of the right of first refusal and property sale contingencies appear when homeowners are selling and buying at the same time.
Most of the time it’s because buying a second home is impossible without first selling the house they live in.
This is where an experienced Orlando Realtor comes in and explains to people how it all works…
Here’s an example… In our area of Central Florida, it’s pretty unusual for a homeowner selling his home to even consider accepting a home sale contingency because right now it’s a seller’s market.
It’s important for buyers to be aware of the local real estate market so they don’t waste a lot of time looking at homes before selling their current homes.
A seasoned Orlando realtor will let potential buyers know in the first conversation that it’s close to impossible to buy a home with a home sale clause. This will save a lot of time and headaches for both the buyer and the agent.
Be Realistic
If you’re not in a position to buy and sell at the same time, then don’t even try! Your primary focus should be to sell your current home first. Some people get so caught up in worrying about becoming homeless, that they will try anything to avoid it… even cheating the system!
From a seller’s standpoint, it’s even worse. Some sellers will actually make selling their current home subject to finding another home. Big mistake!… If you were a buyer, would you put a contract on a home that is subject to the seller finding another home first??… I didn’t think so.
Work With A Top Rated Orlando Realtor
If you’re the type of person that worries about having a hard time selling your current home and you’d like to explore the possibilities of including a contingency sale on the contract, it’s highly advisable for you to hire an experienced real estate agent to make sure that you’re protected. A good real estate agent will help you to understand what options are available to you and help you come up with a plan of action to meet your specific needs.
Your agent might tell you that a right of 1st refusal is exactly what you need or to avoid it until the right buyer comes along. Keep in mind that ALL real estate is local and the market in your area will dictate what you can and can’t do. A skilled real estate agent will guide you through the process as well as make sure that what you sign is in your best interest.
