In hot markets it can be frustrating for buyer's with low levels of inventory and soooo many buyers! Escalation clauses are becoming more popular in assisting buyer's in looking more appealing than other offers. As our picture outlines the core concept of escalation clauses. Each situation is different and not everyone is comfortable with this clause however we feel it's important that our clients have options if they find the home of their dreams in this very competitive market.
We are happy to discuss in greater detail the use of an escalation clause and the pros & cons, but this will give you a general idea in case you've heard it mentioned in conversations in our current real estate market!
Matt & Jenny Cannon