Basically it is a legal document that says when we sell our house we will buy yours. Now this does not go on for an indefinite period of time, and there are conditions that they must fulfill, they have to list it almost immediately on MLS, they must specify the price that they will market their home for and which realtor and real estate brokerage they will list it with. There is a definite time frame that you both must agree to as to how long you will let them try to sell their Chestermere real estate property.
http://www.chestermererealestate.com/blog-1578863-Chestermere_Real_Estate_Guide_on_Subject_to_the_Buyer_s_Home_Selling.html
This real estate guide should be really so useful for the buyer and seller both. As you discussed to the buyer that what they should have to remember. Great Post!
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