Posted by DonDe on April 14, 2007 at 09:24:44:
Thank you for your reply, Billy.
Since my Spanish is EXTREMELY LIMITED, I’m not sure if the first line of your reply was a question or not. Donde Estas = Where are you. If so, I am in Delaware. If you’re Female, you could have added “Corazon” to the end = “Where are you, my love?” LOL
Because the market fluctuation, he did not want to lock in a firm price. It’s a little soft here with some declining price levels. However, this area is still continuing to have robust building and developing going on.
My intention is to obtain an “exclusive option to purchase” for a time period. This would allow me to take advantage of any further softening, if any, and also allow me to back out if there is an accelerated increase as has happened within the past couple of years. I was considering it as a rental or optional assignment.
The agreement would also include the terms that the seller would have the right to continue to sell (with a NON-CIRCUMVENT clause). If he finds a buyer at his price, that’s fine, If not, I would be able to negotiate the price and terms within the time period or extend the period.
I am not looking for ROFR (Right Of First Refusal).
This brings us back to my original post enquirey.
Hope this clarifies the situation.
DonDe Estas, Corazon??? (If you’re FEMALE, please!!!)
(If you’re Male or Female, you can still tell me where you’re located.)