Right of first refusal? Any advice?

[Rich Gallo]

Hi All,

I know a family friend who is older and wants to sell soon. I know about the right of first refusal contract but don’t know ins/outs. Any advice on how to approach the situation by getting ahead of when the person wants to put the house on the market?

Any advice or suggestions are greatly appreciated. 

[Aaron K.]

@Rich Gallo I'd just ask them to tell you when they want to sell.  Generally for right of first refusal you'd pay a premium, which I'm assuming you don't want to do.