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How to Get Your Offer Accepted in a Seller's Market - Real Estate Escalation Clauses

Yes, Boston was one of America's Hottest Markets for Real Estate in 2017. Here on the north shore we concur. The current, extremely tight real estate inventory is causing bidding wars and the result is (too) many disappointed, discouraged and frustrated buyers. If you're actively looking to 'get your foot in the door', literally, we are here to help. This would be a great time for you to be in a 'committed relationship' with a REALTOR® you trust. Ask friends and family for a referral, search online and read some REALTOR® bios, then interview a few real estate professionals (more than 1!). It's a little like dating; you'll know when you've found the right fit. There are at least 10 ways to help get your offer accepted in a seller's market (thank you Inhouse Realty!) and if 'your agent' is working on your behalf you know what I'm talking about. One powerful tool in a real estate professional's repertoire is an escalation clause. An escalation clause is language added to an offer that states that you are willing to out-bid any other offer up to a certain dollar amount, with a cap or maximum of what you are willing to pay. Escalation clauses aren't for everyone but an educated buyer should be fully aware. Our agents are well-versed in how to best compete in the current highly-competetive real estate market. Give us a call or reach out via web/email and put your best foot forward! 

Speaking of committed relationships, have you heard about how the real estate love letter has helped many of our home buyers get their offer accepted? Tune in to next week's blog...

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