09/17/2026
A First Right of Refusal (ROFR) sounds complicated, but the idea behind it is actually pretty simple.
I’m actually working through one on a listing right now.
It’s a clause in a contract that gives a specific person the first opportunity to purchase a property before the owner can sell it to someone else.
Think of it as having first dibs, but with actual contract terms behind it.
For example, if an owner decides they’re ready to sell, the person holding the ROFR gets the opportunity to purchase the property according to the terms outlined in the agreement before the owner can move forward with another buyer.
The important part? A First Right of Refusal needs to clearly spell out things like when the right is triggered, how notice is given, how long the person has to respond, and what happens if they choose not to purchase.
It’s one of those real estate terms that can sound intimidating until someone explains it in plain English.
And that’s a big part of my job.
Questions about buying, selling, or the fine print in between? Let’s talk.
Kim Brown, REALTOR®
RE/MAX Preferred Properties
c 865-382-4077
o 865-609-6009
https://kimbrown.remax.com/
