- Jul 25, 2020
- Reaction score
- Resorts Owned
Grand Timber Lodge
Valdoro Mountain Lodge
I didn't post this idea to complain about ROFR fails.What kind of information are you really providing and who are you providing it to? For a contract, all that is really needed is your name, address and maybe phone number. The closing company should be the one gathering any other information needed for ROFR. Not sure what else they need other than what is on the contract, much of which is available in the public domain anyway.
Given the volume of transactions you seem to do, as noted from you seemingly being first to post on many bargain deal giveaways, you are bound to run into some here and there that fail ROFR. It is just part of the game.
I've appreciated many of the thoughtful responses so far.
Two thoughts provided the impetus to post this:
1) If I were the seller and the ROFR failed I would all on my own give my buyer $100 or so for the hassle factor and as a sincere thank you for getting me to my goal.
2) If sellers have a property that is not moving...offering an additional ROFR fail incentive could be the tipping point to encourage a buyer to enter into the purchase.