Resale provisions
From: Rob Sandelin (floriferousmsn.com)
Date: Sun, 20 Apr 2003 20:06:05 -0600 (MDT)
Sharon brought up something that I am curious about in relation to first buy
options.

I heard about a group that had a resale provision, first option to buy, but
when push came to shove, the group did not have the capital to buy the unit
and no member was willing to carry it just to keep so and so from buying. If
you have a first buy clause in your condo declarations, how do you fund the
purchase? Without money, isn't a first buy option just a theory?

Rob Sandelin
South Snohomish County at the headwaters of Ricci Creek
Sky Valley Environments  <http://www.nonprofitpages.com/nica/SVE.htm>
Field skills training for student naturalists
Floriferous [at] msn.com


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