escalation clause real estate
Lets say youre interested in a house that is listed for 250000 and you decide to offer exactly 250000. An escalation clause in a real estate contract indicates that you the buyer agree to increase your offer if the seller receives a higher bid from another buyer. Real Estate Terms Real Estate Terms Real Estate Advice Real Estate Information 9 days ago How Escalation Clauses in Real Estate Work In real estate the escalation clause allows a potential buyer a better chance at achieving success in their purchase of a property. . On the surface this can seem like a good option when you have a client who is determined to have their offer chosen in a sellers market. Pros of escalation clauses Offer protection for buyer against competing bids Lauren Reynolds real. This offer would be put into the real estate contract. Buyer and Seller agree to execute revised parts of the Contract of Sale confirming the. Another way to create an escalation clause ...