"AdvertisementAdvertisementTieger Realty Company Inc6035328765y 1972Years 2017JAFFRENAll About Blow-Out ClausesLet's start with the disclaimer I am not an attorneynor, in any way, am attempting to give legal advice.That said, a ""blow-out"" clause is used commonly inour area when a buyer makes an offer on a piece ofproperty subject to the sale of the buyer's property.The seller may very well accept (or counter the offerby saying, in effect, Yes, I'l accept your offer (or by Marc Tiegercounter offer but if someone comes along who doesnot have a house of their own to sell, I'll give you x number of days towaive the contingency about you selling your house and if you can, I'llhonor our contract. If not, I'll enter into a purchase and salesagreement with another buyer."" Whew! Pretty long sentence. The""blow-out"" clause, also known as a ""kick-out"" clause, became verypopular here in the late 1990's when the market started to rise. Therecan be numerous variations and additions to a ""blow-out"" clause. Oneof the most common we use is that the acceptance of another offer bythe seller cannot be contingent upon the second buyer having a houseto sell. In my opinion that is simply not fair to the first buyer. I wouldsuggest that what needs to be remembered is that any agreementshould benefit both parties. Your Realtor is experienced with ""blow-out"" clauses and will tell you that if you have any questions, or don'tfully understand the purchase and sales agreement, consult yourattorney. Good luck!If you're thinking af buying or selling a home, land, condominium, investmentproperty or just want to ""talk real estate,"" please consider us. We've beethe Monadnock Region for more than 40 years. THANK YOU.Marc P Tieger, Tieger Realty Co., Inc. 25 Turnpike Road Jaffrey, NH(603) 532-8765 Visit Our Web site: www.tiegerrealty.com86124"
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