Within a competitive seller’s market, a very common tactic to help win a bidding war - when multiple offers are made on one property - is implementing an escalation clause. What exactly is an escalation clause? Sometimes called an “escalator,” an escalation clause is when a ... » Learn More about Escalation Clause what is it?
Home Ownership
June Existing-Home Sales Surge
U.S. home sales rose a record amount month-to-month in June, NAR says - but one of the reasons is due to the fact May sales fell dramatically in the early days of the pandemic. Existing-home sales rebounded at a record pace in June, in accordance with the National Association of Realtors® (NAR) ... » Learn More about June Existing-Home Sales Surge
Buyers Most significant Hurdle in June?
Today’s buyers have 27.4% fewer homes to select from than they did 12 months ago, though in Fla. it varies from 31.4% near Tampa to 9.4% in South Florida. Buyer requirements have risen as a result of record-low mortgage rates and frustration after spending time quarantined in less-than-ideal ... » Learn More about Buyers Most significant Hurdle in June?
Watch out for Mortgage Relief Scams
Confused by most of the forbearance relief for homeowners? Experts consider that fertile turf for scammers who are going to offer help simply to steal your money. As a result of widespread uncertainty and absence of clear guidance about mortgage relief options, home loan borrowers must be on ... » Learn More about Watch out for Mortgage Relief Scams
Quarantine Revelations 2020
One thing we’ve learned from the 2020 Quarantine is that there are certain aspects of our houses that we love, and some that we downright loathe. After spending quality – and quantity – time indoors, folks planning to move in upcoming months will inevitably have an improvised list of must-haves for ... » Learn More about Quarantine Revelations 2020