Definition
Common in Texas, this clause lets the seller keep marketing, and if they receive a better offer, your buyer has 48-72 hours to remove contingencies or lose the deal.
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Find my pathAbout this term
Common in Texas. Protects sellers in competitive markets while giving contingent buyers opportunity to firm up.
Pro Tip
Be ready to remove contingencies quickly if seller receives better offer.
Example
Seller receives higher offer; first buyer has 48 hours to remove financing contingency to keep contract.