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Talk To Me About Kick Outs

 

But I have a house to sell before I can buy! So what do I do? 

I want to buy! I have to sell ! I need some help!

 

I have talked about a reverse contingency. 

 

Now we are going to talk about a Kick Out Contingency.

 

This is also known as a contingent contract with a kick out clause. What does that mean?     

     The house shows up in the  MLS (multiple listing system) ' CONT/KO'  (Contract /Kick Out). 

 

Contingent clauses

contingent contract

 

 

 Kickout Addendum

 kick out

 

The house can still be marketed and shown to other buyers and should there be another offer without a contingency, the first buyer is given a time limit to remove the contingency. If they cannot provide proof that they can move forward with the contract, the second buyer can proceed with the purchase... in other words...they "kick out" the first one.

          Under Contract with a kick out..

Sold Or Is It?

 

Any questions about selling a home..

Call Margaret Rome

  

Margaret Rome

 Search All Active Listings

 

Sell Your Home With Margaret Rome

Broker-Owner HomeRome Realty 

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Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

Margaret Rome on Zillow

Comment balloon 9 commentsMargaret Rome, Baltimore Maryland • June 12 2018 03:04AM
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