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After giving the first buyer a 48 hour notification of another offer, what happens if the first buyer notifies me that all conditions in his/her offer have been satisfied?

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After giving the first buyer a 48 hour notification of another offer, what happens if the first buyer notifies me that all conditions in his/her offer have been satisfied?

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Then your home is sold to the first buyer and you must notify the second buyer of this fact.

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