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KO Active Kick Out: Property has an offer contingent upon the sale of another property by buyer. The seller requests no further showings and does not want to entertain backup offers. Pending listings do not expire and will stay pending until closed.
What does active with kick out mean on Zillow?
The “active kick-out” status is another term used to indicate that the seller has accepted an offer, but the sale is contingent on the buyer being able to sell his or her current property before proceeding with the sale. The “kick-out” part of the status means that the seller can continue to market the home.
What is active option kickout?
Definition of Active – Kick-out “Active – Kick-Out” means that a Purchase and Sale Agreement requires the buyer to purchase only if the buyer is able to sell their current home. Talk to a real estate agent if you’re interested in a home listed as Active – Kick-Out.
What does active option mean in real estate?
An active option contract means the seller has accepted an offer to sell their property. However, the transaction is in an option period, or inspection period. This is when a home inspection will occur. The buyer may back out of the purchase of the home.
What does contingent active kick out mean?
CONTINGENT WITH KICK OUT This means that the seller has an opportunity to accept a different offer from a buyer and “kick-out” the first contract. For sellers, a kick-out clause can be an acceptable arrangement because, although they have signed a contract, they remain able to keep the house on the market.
What does active mean on a Zillow listing?
ACTIVE – for properties that are offered for sale and have no accepted contract on them. This usually happens if the seller is interested in accepting another contract from a buyer who does not have a house to sell.
What does active continue to show mean?
Active Continue to Show: If a listing says “Active Continue to Show”, it means the Seller has accepted an offer on their property. It also says that the Seller will continue to show it for backup offers. Most agents keep a listing in this status until the Buyer has removed most of their contingencies (ie.
What does active under contract no kick out mean?
A “kick-out” clause is sometimes used if a seller wants to reserve the option to accept a better offer, once the property is under contract. A “no kick-out” clause means that the seller relinquishes this option once his/her home is under contract.
Can you make an offer on a house that is active contingent?
Can you put an offer on a house that is contingent? Most contingent listings will allow other buyers to place offers on the home. This is because contingent deals are still technically active listings and can fall out of the contract if the buyer does not meet the requested provisions.
What is contingent no kick out?
“Contingent with no kick-out” is one of those real estate clauses that can be attached to a buyer’s offer on a house. Like “active” or “sale pending status,” a house marked with this clause can give buyers a sense of whether or not the house has received an offer and how close sellers might be to closing the deal.
What is active action contract?
An active option contract means the seller has accepted an offer on their home and the property is now in the option period. During this time, the buyer has the unrestricted right to terminate the contract for any reason without risking their earnest money deposit.
Can a seller back out during option period?
Sellers can’t back out because the buyer has violated the contract for a little while – the seller has to go through the proper legal process before they can back out.
What does active contract mean?
A: Active with Contract means the buyers has a contract to purchase on the property. The contract has a contigency so the seller can still look and accept other offers.
What does active mean on MLS listing?
Active. The property is listed and actively accepting offers. Active Under Contract. The seller has accepted an offer with contingencies, but may accept backup offers.
What is the difference between contingent and active contingent?
When you are looking at online home listings, “active” status indicates that the property is available for sale. But with a contingent listing, the contract is contingent upon the buyer’s ability to sell his existing home, i.e., if the buyer doesn’t sell his home, he is able to back out of the contract.
Can a seller back out of a contingent offer?
To put it simply, a seller can back out at any point if contingencies outlined in the home purchase agreement are not met. A low appraisal can be detrimental to a sale on the seller’s end, and if they’re unwilling to lower the sale price to match the appraisal value, this can cause the seller to cancel the deal.
Whats the difference between pending and active?
Active Under Contract vs Pending When a property is listed as “active under a contract,” there are conditions/contingencies that must be met before the deal can close. However, when a property is listed as “pending,” all the contingencies have been met and the deal is on the road to being finalized.
What are active listings?
An active listing is a property that is available for sale for the details that are listing on the MLS by the listing agent. A pending listing is a property that has a contract on it and is moving through the financial process towards a closed sale.
