A kick-out clause is a provision in real estate that allows sellers to accept offers with home sale contingencies while still marketing the property. Sellers can 'kick out' the initial buyer if a stronger offer emerges, usually giving the original buyer 72 hours to remove their contingency. This arrangement benefits sellers by keeping their options open in a competitive market, while providing buyers a timeframe to sell their homes. It strikes a balance between urgency and flexibility in home transactions, optimizing the selling process for all involved parties.
A kick-out clause allows sellers to continue marketing their home after accepting a contingent offer, providing flexibility for buyers while minimizing seller risk.
In competitive housing markets, sellers use kick-out clauses to protect against slow transactions and to remain open to better offers from other buyers.
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