Buying A House – Rick & Tracy Ellis
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What Is a Right of First Refusal?

What Is a Right of First Refusal?

When negotiating a real estate contract, a common phrase you will see is “Right of First Refusal”. What does this mean, though?  And when is it applicable? What is a right of first refusal? Typically it’s an agreed-upon clause in a contract, where the seller gives the buyer a certain…

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