PROPERTY SPOTLIGHT

3030 Courtside Drive 

Beautiful 3 bedroom 2 bath nestled in the charming community of Courtside! Bonus/game room addition above the garage! Open great room concept floor plan with abundant natural light! Updated kitchen with granite counters & newer stainless appliances! Spacious living room with wood burning fireplace and custom mantle! Gorgeous laminate wood floors! Large master retreat with 2 closets, sunken jetted tub, separate shower and updated vanity with granite counter! New HVAC! Private manicured backyard with patio and all new fencing! This home sparkles! A real gem! Photos and all the details

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What’s an Escalation Clause?

ContractLaw

Beyond what it is, should you use it in your offer to purchase a home?  As a REALTOR representing a Buyer, we can get pretty excited about the opportunity to utilize this tactic. Also known as a “Sharp Bid”, an escalation clause is used in the circumstance where multiple offers are highly likely.  This likelihood is usually generated when you see a Listing that states something to the effect of, “All offers to be reviewed on Monday at 5pm” or the property has been priced below market. The intent of this competitive bidding strategy is usurp all other offers by offering a $dollar amount (usually $100 to $1000) above the next highest offer received by the Listing Agent with a cap “not to exceed $dollar amount.”  I usually recommend that we request proof of the highest bid.

If you’d like to learn more, please don’t hesitate to reach out.