I hope this was helpful.
It means that the buyer has a home to sell before they are willing to purchase that home. So the buyer and seller have agreed on a purchase price but the buyer chooses to not buy that home until their home has an offer. If another buyer comes along and makes an offer on this home then the first buyer would have 24 hours to get back to to the seller and move forward with the purchase without seller their home. If they can not do that then the second buyer would have the option to move forward with the purchase. Does that make sense?
If you have any other questions feel free to give me a call. I also have a listing in Arlington Park that is a great deal! Listed for $165,000, finished basement and over 3,000 sq. ft. I would be happy to show it to you if that is the area you are interested in.
Coldwell Banker Roth Wehrly Graber
"Contingent Offer with 24 Hr. 1st right of Refusal" means that the owners of this property have already accepted an offer from another buyer. BUT, those buyers have a home to sell before they can proceed with the purchase.
If the sellers get ANOTHER offer, they have to give the 1st buyers 24 hours notice before they can accept the 2nd offer. This USUALLY means that the 1st buyer will have to proceed with the buy before they sell their own home. That is something buyer 1 may or may not be able to do.
I would be very happy to answer any other questions you may have and/or to show you some homes!
Sue Teasdale, REALTORÂ®
Look for homes AND sign up for our next contest give-away - the prize this time is an iPad!!
go to http://www.steasdale.cbrwg.com/ and look for the link near the upper right corner of the page to register.
Relocation Inventory Specialist
Coldwell Banker Roth Wehrly Graber - Coventry Office
5503 Coventry Lane, Fort Wayne, IN 46804
office phone: (260) 435-6307
fax (260) 489-0606
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Any other questions feel free to email me directly at JaredChristiansen@gmail.com or call me at 260.704.0842. Thanks!