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Want that house? You may need to learn about the escalator or escalation clause
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Today’s Word(s) of the Day: ✨ Escalation Clause ✨ An Escalation Clause is a clause added to a contract that says if there’s a higher offer than yours, you agree to increase your offer by a certain amount. Sometimes there are caps to these amounts, but sometimes there aren’t. If you anticipate there being multiple offers on a property, an Escalation Clause is a good way to make sure you get the best deal possible. #RealEstateAttorney #EscalationClause #buffalony * We hate disclaimers as much as y
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An escalation clause automatically increases your offer if there are competing bids up to a certain point, so you can avoid overbidding at the start while still making a competitive offer! Talk to a Movement loan officer about connecting you to a real estate agent TODAY. 😉 #MovementMortgage #MortgagesThatMeanMore #escalationclause #homebuying #realestate #loanofficer | Movement Mortgage
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