Hi Steve and Pamela,
"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
If you have a minute (really 88 seconds), please check out this video from our owners.
"We Sell More Because We DO More"