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Don't count on the right of first refusal working, however. I'd stay in touch with him and let him know that you're still interested. Too many stories out there about folks who got screwed on their alleged right of first refusal.
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........and I am one of them and we stayed in touch 2 times a month. I even offered to send him some money to hold my name on the car but was told "that was not necessary". As was said, DO NOT depend on that. When it comes to selling, the first guy standing there with the $$$ often time gets it.
Rick