1. A Property Owner Expresses Interest
A property owner voluntarily identifies a property for which they may be willing to grant an LRR. This would not mean the property itself is being listed for sale.
2. Interested Buyers Discover the Opportunity
People interested in that particular property could discover that the owner is willing to consider granting a future purchase opportunity.
3. Buyers Could Bid for the LRR
Under the marketplace concept, interested participants could indicate what they are willing to pay for the proposed contractual right. Competitive bidding could help test what the opportunity is worth rather than relying only on a private negotiation.
4. The Owner Keeps the Property
The owner would continue to own and control the real estate. The Last Shot concept does not assume that granting the LRR itself obligates the owner to put the property on the market.
5. The Owner May—or May Not—Sell Someday
The owner might sell years later, or might never sell. That uncertainty is part of the proposed opportunity and would need to be clearly addressed in the agreement.
6. The Agreement Defines What Happens If a Future Sale Occurs
If a triggering future sale occurs, the LRR agreement—not the name of the product—would define the holder's opportunity, notice period, timing and other requirements.
What If the LRR Holder Changes Their Mind?
Last Shot is exploring transfer-friendly agreements where legally appropriate. If the holder no longer wants the opportunity, a permitted transfer could allow another interested person to acquire the contractual position.
Could Property Owners Participate in Future Transfers?
Last Shot is also exploring whether the underlying property owner could receive compensation from qualifying subsequent LRR transfers. No percentage, fee structure or final marketplace economics have been established.
What Are We Trying to Learn?
Will property owners offer these opportunities? Will buyers pay for them? Which properties generate the greatest interest? Will transferability matter? Could meaningful secondary-market activity develop? Those are questions the early-access phase is intended to test.
Frequently Asked Questions
Is Last Shot already a live LRR marketplace?
Last Shot is currently gauging interest and developing the concept. The marketplace mechanics and legal structure are not finalized.
Would listing an LRR mean my house is for sale?
Under the concept being explored, no. Offering an LRR would be separate from listing the underlying property for sale.
How would an LRR price be determined?
One proposed approach is competitive bidding. Whether that proves useful is something Last Shot wants to test.
Would the owner get paid again if the LRR is resold?
Last Shot is exploring that possibility, but the economics and legal structure have not been finalized.
What happens if the owner never sells?
A future purchase opportunity may never arise. The agreement would need to address duration, termination and other consequences.