how not to be a bitter buyer: How Not To Be A Bitter Buyer - 04/09/19 12:06 PM
The escalation clause is used by home buyers who are competing with other buyers in a multiple offer situation.
Photo by Ryan Franco on Unsplash
 
In the Greater Washington DC area, buyers are competing for houses on the market near a Metro station, shops, and restaurants. In Arlington Virginia, where the Amazon headquarters will soon be located, the competition is tough. Last week, we submitted a contract on a one bedroom condo in Arlington and ours was one of twelve offers!  We included an escalation clause which looks something like this;
Sales Price $350,000 with an escalation factor of $1000 and a cap at $365,000
This means the … (3 comments)

 
Victoria Ray Henderson       Marshall Henderson, Real Estate for Home Buyers with Buyer's Edge (Buyer's Edge Company Inc) Rainmaker large

Victoria Ray Henderson Marshall Henderson

Real Estate for Home Buyers with Buyer's Edge

Bethesda, MD

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Buyer's Edge Company Inc

Address: Buyer's Edge, 4849 Rugby Avenue, Bethesda , MD, 20814

Office: 301.657.1475

Mobile: 301.922.1677

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