KICK-OUT CLAUSE ADDENDUM TO PURCHASE AND SALE AGREEMENT 2025

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Heres a kick-out clause example. Lets say a buyer makes an offer and only has $ 160,000 that they can put down. Later, another buyer puts down $190,000 the seller can choose to accept the second offer.
The 72 hour clause is usually written into sales contracts by the seller, this allows a seller to keep the home on the market and accept backup offers on the property during. This clause is also commonly known as the escape clause, release clause, kick-out clause, hedge cause or right of first refusal clause.
A kick-out clause allows home sellers to continue showing and accepting offers even after accepting a contingent offer. A kick-out clause is a provision in a homes sales contract that allows sellers to accept a contingency while still showing their home in hopes of receiving a non-contingent offer.
A purchase agreement addendum, or amendment, is added to a real estate purchase agreement to expand or amend the agreements terms and conditions. The addendum must be signed by both buyer and seller to become in effect. After signing, the addendum should be attached to the original purchase agreement.