You always post great questions! Contingent/No Kick Out means that there are some contingencies that must be satisfied, home inspection/appraisal, but that regardless of the findings the buyer can not walk away from the transaction. If you are looking to place a back up offer these are normally not the homes that you want to spend your time on. If you would like to see more homes in the area that you are searching feel free to browse our website like an agent for FREE. If you want further information on a particular house or make arrangements to show in box me so we can connect!
All the Best!
Hope that helps.
When the status on a property is listed as â€œContingent w/no kick-outâ€ it means that an offer has been presented to the seller with contingencies, and if those contingencies are not satisfied, then the seller may take another offer.
A â€œkick-outâ€ clause is sometimes used if a seller wants to reserve the option to accept a better offer, once the property is under contract. A â€œno kick-outâ€ clause means that the seller relinquishes this option once his/her home is under contract.
So, in your example â€œContingent w/no kick-outâ€ means that the seller has accepted an offer with contingencies, but cannot accept another offer unless those contingencies are not satisfied.