First Dibs on Your Dream Home: Understanding Right of First Refusal
First dibs on your dream home: Understanding the right of first refusal. Click here to learn more about your right of refusal in real estate.
The Right of First Refusal (ROFR) is a contractual right that allows a certain party to buy a property before it's made available to other parties in real estate transactions. It gives prospective purchasers a big edge by guaranteeing they will be the first to purchase a preferred property.
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