Rent vs. Buy: How to Decide What’s Best for You
According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s a great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting or is it time for […]
A Buyers’ and Sellers’ Guide to Multiple Offer Negotiations
Information for Buyers In some situations sellers will have several competing purchase offers to consider. Sellers have several ways to deal with multiple offers. Sellers can accept the “best” offer; they can inform all potential purchasers that other offers are “on the table”; they can “counter” one offer while putting the other offers to the […]
Use of ‘Escalation Clause’ Skyrockets in Hot Seller’s Market
As escalation clauses become more popular during this hot seller’s market, buyers should consider the pros and cons of using them – as well as the broader legal context of their offer. During this white-hot seller’s market, many REALTORS® have asked questions involving multiple offer scenarios. Buyers are desperately seeking ways to try and make […]
