Are you in the process of buying a house and want to make your offer stand out amongst the competition in this housing market? In this video we are going to discuss the escalation clause when writing an offer and how it may help you be at the top of the list when the seller is making their decision on which offer to choose. We are also going to discuss why use an escalation clause, when you would use an escalation clause as well as an escalation clause real estate example.
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✔What is an escalation clause?
An escalation clause is a clause in a lease or contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting the value has been determined.
✔When do you use an escalation clause?
You can use an escalation clause real estate either in your original purchase agreement or in a counter offer, whichever you prefer.
Escalation Clause Example
✔With a Limit – Buyer willing to pay “X” amount above the highest price up to a price of “X” with proof of the highest offer.
✔Without a Limit – Buyer willing to pay “X” amount above the highest price with proof of the highest offer.
👇Home Buying Videos You May Find Helpful👇:
➡First Time Home Buyer Tips in the 2021 Housing Market – https://youtu.be/Y_OwA5kl7nM
➡HOW TO GET APPROVED FOR A HOME LOAN – First Time Home Buyer – https://youtu.be/K3_JTAMhhi4
➡5 Most IMPORTANT Steps to writing an offer on a house – First Time Home Buyer – https://youtu.be/Eskq9g_9sOo
➡ Buying Real Estate in a CRAZY Market – https://youtu.be/WLH0UlGmD9U
➡Step by Step Process of Buying a House in 2020 – https://youtu.be/myJ1h0ykhts
➡Do I get my deposit back if I cancel escrow? – https://youtu.be/0RMy9iNTu54
➡What Stays when buying or selling a house? – https://youtu.be/XH6c9-omN24
➡Appraisal vs Home Inspection – https://youtu.be/cwjokWbr1Go
I hope this escalation clause video helps you as a first time home buyer when making an offer in the housing market 2021. If you want to discuss the home buying process in more detail, please reach out to Huntington Beach Realtor, Jeb Smith.
Please let me know your thoughts below: what are your predictions for the housing market 2021 forecast and the housing market 2021 california? After watching this video, do you believe you should be buying a home this year or if now is the best time to sell a house?
Do you believe a house market crash 2021 or real estate bubble will happen? If so, why? What are your thoughts on the Orange County real estate market and the potential real estate crash for orange county real estate?
Jeb Smith (Huntington Beach Realtor/orange county real estate)
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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