Скачать или смотреть What is an Escalation Clause? Real estate bidding strategy

Wondering what an Escalation Clause is? Why serious home buyers need to include this in their bid / offer on houses

If you are buying a house in this competitive market, you’ll need to be prepared to pay above asking price for the home in most cases. One term that is often heard is the importance of an escalation clause. As the real estate term sounds, it makes sure that if you are outbid by another offer, you can go higher by bidding higher in increments through your realtor.

In this video we will attempt to answer the questions:
How does the escalation clause work?
What are the risks to the buyer with an escalation clause?
How far above the asking price should you go with an escalation clause?



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