You often see Cntg/KO or Cntg/NO KO. What does that mean?
This is a clause in a sales contract that permits a Seller to cancel a contract and return the deposit if a contingency is not removed within a certain period of time.
With a KO it is possible to make the current purchaser remove his contingency. If it is not removed, it is possible that you may be able to enter into a contract to purchase.
As always, read your contract!!
Any buyer who is not in contract on April 30th this year will miss out on the Home Buyer Tax Credit ($8,000 for a first-time buyer and $6,500 for the move-up buyer). That does NOT mean houses will not sell after April 30th. It means that the buyer will demand a better price.
If you need to sell, sell now.
~~~Keeping Current Matters
|By February, the winter months can feel like an eternity until the first flower blooms. Don’t let the winter blues get you down—pick a new project or organization task to get you through the cold months and ready for spring. Whether big or small, dedicating yourself to a home improvement project might just be the thing to help the winter days pass on by a little faster.|