Tom’s Take #64 – Why escalation clauses are nonsense

Inventory is low and it is a very competitive market for Buyers, we all know that. Buyers are always looking for an edge to get the home they want, and who can blame them? A popular strategy is to use an escalation clause, so Buyers do not “overpay” for the home. Check out episode #64 of Tom’s Take to learn two reasons why escalation clauses can hurt Buyers more than help them and how to properly craft an escalation addendum if Buyers must use them.