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According to the MetroTex Association of Realtors, the description of Active Kick Out, or KO, status is: “Property has an offer contingent upon the sale of another property by buyer. Still available for showings and backup offers. Will expire on the original expiration date the agent entered.”Mar 10, 2020.
What is active kick out in real estate?
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 under contract with kick out mean?
A kick-out clause is a provision in a home’s sales contract that allows sellers to accept an offer with a contingency, generally the home sale contingency, while still showing their home in hopes of receiving a non-contingent offer.
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 does a kick out mean?
: to dismiss or eject forcefully or summarily. Synonyms Example Sentences Learn More About kick out.
What does active mean in real estate?
Active. This means that a property is currently on the market and available for sale. It may have received offers, but none have yet been accepted, which means that the opportunity is wide open for you to make a proposal.
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.
Is a kick out clause common?
Kick-out clauses are more common in buyer’s markets than seller’s markets because sellers want to ensure that they aren’t stuck in a drawn-out, lengthy home sale.
What does no kick out mean in real estate?
“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 the difference between pending and active under contract?
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 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 is pending to active status?
If a property goes from Pending to Active, this means the original contract fell through for some reason (Buyer terminated during Option Period, Buyer couldn’t obtain financing, Contingency fell through, etc.). I’d be happy to check on a specific property you want more information on.
What does active mean when selling a house?
When we talk about the status “active” as it relates to real estate, what it really means is that a listing has been posted on a local or regional MLS (Multiple Listing Service) and is officially up for sale. When these contractual agreements go unfulfilled, a sale can fall through.
What is active option contract?
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 do you get a kick out of?
get a kick out of (someone or something) To get a sense of enjoyment, amusement, or excitement from someone or something. Even as an adult, I still get a kick out of building sandcastles at the beach. She really gets a kick out of doing wheelies on her motorcycle in front of an audience.
What is active contingent?
Active contingent is one of the many status updates given to a property listing. If a property has an active contingent status, it means the seller has accepted an offer from a buyer. However, the home sale isn’t finalized yet because certain contingencies need to be met.
What does active offer mean?
Active with Offer is when there is an accepted offer, but the seller is seeking backup offers in case the buyer falls through. The seller is still showing the property and taking secondary offers. Offers must be updated within 48 hours of acceptance.
What does active under contract mean on Realtor?
“Active Under Contract” is a real estate term that indicates the status of real property (single family home, condo, townhome, etc.) that has been put up for sale wherein a seller has accepted an offer from a buyer, but the deal has not yet closed. This term is primarily used in the State of California.
