Q: I have a purchase offer on my home but the buyers need to sell their current home first. I want to take the offer, but what if they don’t sell their home? I don’t want to miss any other buyers that might want to buy in the meantime. What should I do?

A: There is a way to accept the offer and still show your home to potential buyers. The term is “First Right of Refusal.” If the buyer agrees, you can addend the contract to include the right to continue marketing your home to find a more suitable buyer. This addendum, sale & settlement of other property contingency (with right to continue marketing) addendum to agreement of sale, which is approved for, but not restricted to use by, the members of the Pennsylvania Association of Realtors®, spells out the terms of an agreement which will allow you to keep your home on the market. continue reading »