Our Savvy monthly newsletter offers simple yet powerful ways to improve your personal and financial investments. Here is a perfect snippet from one of our recent newsletters.
What is a Savvy way to purchase a home when you know you’re up against competition?
– Pat Roth, Chicago, Illinois
To avoid paying $1,000’s above the next highest offer, use the little known “Escalation Clause.” An escalation clause is where you start at a lower price, for example, $150,000, then state that your offer should automatically increase by $500 over any next higher offer, up to a maximum of say $170,000.
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