How Does a Kick-Out Clause Work in S. California?
Selling a property is a complicated, multi-step task. For those in Southern California, juggling negotiations, contracts, and deadlines can be overwhelming. Homebuyers often face unexpected situations that add complications, such as contingent offers, leaving them unable to proceed with closing immediately and potentially putting the sale in limbo. Offers with contingencies are not a drawback if you know how to protect yourself as a seller, and one way is by including a kick-out clause in your purchase agreement.
This allows you to continue marketing your property even though there’s already a contract. If you find a better offer, your original buyer can either address their contingency or risk being “kicked out” of the contract. How does this work, exactly? What considerations should home sellers keep in mind?
Below, My Home Sold shares everything that Southern California residents need to know.
