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Kick-out clause (also referred to as the right of first refusal)
A contractual article that gives sellers the ability to continue marketing a house if the offer received contains contingencies or conditions. One of the most common contingencies is that the buyers must sell their current home. A kick-out clause allows the seller to kick out a buyer with contingencies (after a certain period of time) if a better offer comes around. Note: These are rare but they do apply within Colorado neighborhoods. Talk with your Realtor® before submitting an offer to verify the property you have identified is, or is not, part of a kick out clause.
