What’s an Escalation Clause Addendum? [free downloadable]

Escalation Clause 2020

The escalation clause states that your offer will automatically escalate to a higher price when there’s another offer that’s higher than yours. You specify what incremental increase you agree to, and what your top price is. In this way, your offer automatically moves to the top of the list in a multiple offer situation. The advantage of it is that you try to mitigate your risk of overpaying.

August Home Buying Activity Making Up For Lost Spring Market

home buyers august 2020

In normal years, Spring is the hottest homebuying season of the year. But we don’t have to tell you that 2020 isn’t a normal year—and as a result of the COVID-19 shutdowns, it looks like peak homebuying season is going to hit a little late this year. According to recent data from realtor.com, pace of sales, … Read more

Selling Your Home? Watch Out For These Stressors

There are a lot of moving parts when it comes to selling your home and for many sellers, those moving parts can cause a good amount of stress. But what are the most stressful parts of the home selling process? According to a recent survey from LendingTree, some of the top stressors for home sellers include: … Read more