Real Estate Transactions

what is a right of first refusal

What Is a Right of First Refusal: Understanding ROFR

In real estate transactions, a contractual clause called the right of first refusal (ROFR) grants one party priority to match or decline an offer before others. This arrangement, often found in property agreements, allows the holder to secure assets like homes or commercial spaces under predefined terms. For example, tenants might use it to purchase their leased house if the owner decides to sell.ROFR...

Canadian Real Estate Transaction Insights

How to Buy a House Without a Realtor in Canada

More and more Canadians are choosing to buy homes without a realtor. They want to save money and have more control over the purchase. New Homes Alberta sees this trend growing, with buyers and sellers handling things on their own.Buying a house without a realtor means you need to plan carefully and do your homework. You'll take on tasks that real estate agents usually handle. But, you could save a lot of...

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