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Understanding Escalation Clauses

By
Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

Understanding Escalation Clauses and when You'll Want to Automatically Raise Your OfferReal estate sales contracts can be confusing, and there seem to be contingencies and special circumstances for many different events built into a standard contract. One option that your real estate agent may ask if you are interested in is an escalation clause. This is typically an optional clause that you can choose to invoke if you desire, so you should take time to learn more about what it is before you make your offer.

Continue here: Understanding Escalation Clauses and When You’ll Want to Automatically Raise Your Offer

 

Comments(1)

Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Chris - An escalation clause can be a real useful tool in a competitive seller's market, especially when home sellers are receiving multiple offers.

Jun 04, 2015 04:16 AM