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Issues to Consider in Negotiating Rights of First Refusal

A right of first refusal (“RFR”) to purchase property is, in essence, an option to purchase property which is triggered by some event, usually the receipt by the owner of the property of an acceptable, bona fide third party offer to purchase the property. The terms of a purchase under …

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October 2007 Market Report: Central Texas Home Sales Sluggish in October

Single family home sales saw a decline in October, according to the latest Multiple Listing Service (MLS) report from the Austin Board of REALTORS®. Year-to-date home sales for October mark a six percent decrease from one year ago. October’s 1,772 home sales represent a 15 percent decline from 2006. The …

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September 2007 Market Report: Five Percent Decline in Year to Date Home Sales

Single family home sales for the Austin area experienced a dip in September, according to the latest report from the Austin Board of REALTORS® (ABoR). The 1,824 home sales recorded last month mark a five percent decline in year to date sales and a 22 percent decline in monthly sales. …

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Revisiting Issues with Earnest Money and Surveys

Revisiting Issues with Earnest Money and Surveys covers two topics that have been discussed in this column before but which continue to cause issues among agents. The first of these topics is earnest money and the circumstances that entitle a buyer to receive a refund of the earnest money. Collateral to …

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