This week Sean Tasse (Broker) and Kyle Miller (Mortgage Agent) are discussing the benefits and drawbacks of first refusals.

Our hosts begin the episode by diving into the difference between a conditional sale and a first refusal, exploring the minutiae and outlining the potential disadvantages for both sides. They discuss the importance of running the numbers and having fallback plans to ensure clients are fully prepared before committing to any situation. Sean and Kyle explain the mechanics of a first refusal, detailing how experienced realtors can strategically plan to benefit their clients. In the second half, they share fascinating real-life stories, highlighting the incredible scenarios and domino effects that a first refusal can have on multiple property purchases.

If you are considering buying, selling, investing, or refinancing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective!

To learn more about REAL Collective Marketing and how it can benefit your business, visit: https://realcollectivemarketing.ca/

To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/

Book a meeting with Sean or Kyle today!
Sean: https://calendly.com/seanrealcollective
Kyle: https://calendly.com/kmmortgage/phone-connect

You can also follow us here:
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TikTok: https://www.tiktok.com/@realcollective
LinkedIn: https://www.linkedin.com/company/real-collective-inc
Website: https://www.realcollective.ca

Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa
Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages

#realcollective #podcast #ottawa

Intro (0:00)
Behind the scenes – setting clients up for success, never skip a step in your process (1:20)
First Refusals – what is it and the minutia involved (3:57)
Disadvantages for the seller (5:43)
Disadvantages for the buyer (6:36)
The options from a financing perspective (7:09)
The importance of running the numbers (9:14)
The mechanics and timelines (10:00)
How do you play it to benefit the buyer side vs the seller side (12:00)
Using data to make decisions (13:33)
Do the hard thing first (16:25)
REAL Collective Marketing (17:46)
Second half – story time (18:18)
A private deal story without lawyers – a hidden first refusal (18:50)
A first refusal story from Sean (21:35)
Another story demonstrating the complexities that can come along with a first refusal (22:17)
The importance of being prepared and coming up with multiple backup scenarios (27:16)
Hit us up with your challenging scenario (29:45)
Outro (31:00)

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