Quote:
Originally Posted by katezbox
Gcrisp,
Have you retained the right to continue to show your home? I don't want to be mama gloom and doom, but I have seen friends get burned with these "Hubbard Clauses." If your buyers home doesn't sell quickly, then you have effectively taken your house off the market - just at good time of year to sell. Also, some Hubbard's become dominoes as each buyer wants to protect themselves...
k
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Yes, our home is still on the market. The buyer has "first right of refusal" if we recieve another offer/ At that point, the buyer has to remove the contingency or let the offer go. The inital period is 45 days, then we can give an extension or recend the offer. We still control the process.