Mike: If you list the house you may find yourself paying a 3 to 6% brokerage fee to the listing broker, even if you are the one who buys it. Certainly you could have an attorney draft the language to give you the right of first refusal, but how many buyers are going to want to deal with that contingency? Why not split the difference on the appraisals or negogiate a reasonable price with your wife? That’s how I see you best getting this done. Good luck, Garrett
first right of refusal in CA - Posted by mike johnson
Posted by mike johnson on June 18, 2005 at 24:55:50:
I’m separated and I live in the house. I want to buy out my wife so my son doesn’t have to go through that trauma of moving. We have a difference of appraisels, and I will have to list the house for sale to determine market value. I want a “first right of refusal” clause in the listing so I and take house with higher bid. What is best way to do this so I don’t get in trouble with a buyer I out bid?