Contracts (alternative)
In Maryland, a purchase contract contingent on the sale of the buyer's home can be made more attractive to the seller by including a:
AHigher earnest money deposit
BKick-out clause allowing the seller to continue marketing and accept better offers✓ Correct
CLonger settlement date
DWaiver of all inspections
Explanation
A kick-out clause makes a home-sale contingency more palatable to the seller — if a better offer comes in, the seller can require the original buyer to remove their contingency within a set period or lose the property.
Related Maryland Contracts (alternative) Questions
- The Maryland Residential Property Disclosure/Disclaimer form is provided to buyers:
- Under Maryland law, an option contract in real estate gives the optionee the right to:
- A Maryland escrow agent who receives conflicting instructions from buyer and seller regarding earnest money must:
- A Maryland real estate contract requires mutual assent, which means:
- Under Maryland law, a real estate contract where one party was under duress when signing is:
- Under Maryland law, which of the following makes a real estate contract void (not voidable)?
- A Maryland real estate contract that requires one party to perform a specific act (convey title, pay the purchase price) may be enforced through:
- Maryland's Residential Property Disclosure is NOT required for which of the following transactions?
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