Recently, I had a buyer client ask me what cnko and cko mean.
You'll find these abbreviations in listings we send you. In the top line of the image below you see the abbreviation Stat, which stands for status. Each property has a status whether it's active (available) or under contract.
Cont~this means that the home has a contract on it and all of the contingencies such as home inspection and financing, have been removed. The only thing both parties are waiting for is the closing date.
Cko~the home is under contract but there is a kick out. Usually this kickout has to do with the buyer selling their current home. If we look at the picture above, buyer 1 has a contract on the house on Strawrick Terrace. They have a home to sell before they can move forward with the purchase of Strawrick Terrace. The seller is okay with this but has said that if another buyer comes along, one without a house to sell than buyer 1 needs to remove that home sale contingency or they will be kicked out and they will be replaced by buyer 2. This home sale contingency is one of several contingencies but is usually the only one that can force the kick out.
Cnko~the home is under contract and there are contingencies such as home inspection and financing but the buyer cannot be kicked out for these contingencies.
I hope this helps when looking online at homes for sale. Please feel free to contact me if you have questions about other real estate terms.
And now for my disclaimer...I sell real estate in Northern Virginia. The properties listed in your area may use other similar terms. If you need help understanding them, please contact me and I'll be happy to put you in touch with a REALTOR in your area.