What does contingent no kick out mean?

What does contingent no kick out mean?

A “no kick-out” clause means that the seller relinquishes this option once his/her home is under contract. So, in your example “Contingent w/no kick-out” means that the seller has accepted an offer with contingencies, but cannot accept another offer unless those contingencies are not satisfied.

What does active no show mean?

Definition of Active – No-Show A home may have an “Active – No-Show” status if the seller has stated that the home cannot be toured at that time. If you’re interested in a home that’s listed as Active – No-Show, contact a Redfin Agent in your area to get the details. BACK TO GLOSSARY. Search for homes by city.

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 Status active under contract mean?

“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.

Can you make an offer on a house that is active contingent?

In most cases, putting an offer in on a contingent home is an option to consider. Although it doesn’t guarantee you’ll close on the home, it does mean you could be first in line should the current contract fall through. Putting an offer in on a contingent home is similar to the homebuying process of any active listing.

Can you buy a house that is contingent?

Owners whose home is in contingent status can accept a backup offer, and that offer will have precedence if the initial deal does not go through, so if you like a contingent property, it makes sense for you to make an offer on the listing so that you are in position to buy if something goes wrong with that transaction.

What is a no show house?

Contingent – No Show This designation essentially means that there is a solid offer on the property that is likely to make it to the closing table. As a result, the seller no longer wants to show the property to other prospective buyers. From the current buyer and seller perspective, it’s about as good as it gets.

What is a no show in real estate?

A seller can accept an offer from a prospective buyer even if the property is not available for showing, provided the buyer was not shown the property while it was in Coming Soon-No Show status. If that happens, the listing brokerage MUST change the listing status within one business day.

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.

Why would a house go from pending to active?

1 The pending sale will go back to active if the loan is rejected due to a buyer’s impulse financing. It’s also possible that buyers might not have knowledge of liens or judgments filed against them. This can also affect their creditworthiness so the loan the buyer thought he had in place can ultimately be denied.

What is the difference between active under contract and under contract?

When a listing is in Active Under Contract, that property is under contract, but is still accepting showings and being actively marketed. This property is currently under contract and is pending settlement. Days on Market DOM and CDOM do not accumulate when a listing is Pending in Bright.

What is the difference between active under contract and pending?

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