A Quick Guide to Escalation Clauses For Homebuyers and Sellers
A Quick Guide to Escalation Clauses For Homebuyers and Sellers: Escalation clauses operate as strategic provisions in real estate purchase agreements, allowing buyers to increase their offer for competing bids.
An escalation clause benefits both home buyers and sellers in competitive markets. For buyers, they ensure competitiveness by automatically increasing their offer if outbid. Sellers, on the other hand, benefit from potentially higher sale prices. However, it is worth mentioning that these clauses also complicate negotiations and lead to buyer uncer...
