What Is an Escalation Clause? How It Works and When to Use One in Real Estate
In today’s competitive real estate market, multiple-offer scenarios are becoming increasingly common. Buyers need strategies to stand out without overpaying, and one tool that can help is an escalation clause. This provision allows buyers to remain competitive while maintaining control over their bu
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Consumer Guide to Written Buyer Agreements
If you’re a homebuyer working with an agent who is a REALTOR®, it means you are working with a professional ethically obligated to work in your best interest. As of August 17, 2024, you will be asked to sign a written buyer agreement after you’ve chosen the professional you want to work with. Here’s
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Earnest Money: What Is It and How Much Should You Pay?
The earnest money deposit is a key part of the home-buying process. Earnest money comes into play when you’re ready to take the next step in purchasing a home. When you’re preparing to make an offer, your real estate agent will ask how much earnest money you’d like to put down. Earnest money, also
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