What Is an Escalation Clause in Real Estate?
An escalation clause is a term in a buyer's offer that automatically raises the price by a set amount above a verified competing offer, up to a maximum cap. It normally uses three numbers, an initial offer, an increment above the competing bid, and a firm maximum purchase price. You're looking at a home in […]
How to Make a Competitive Offer on a House That Wins
You're standing in a western Chicagoland open house, trying to picture your furniture in the living room while two other couples sign in behind you. The listing agent says offers will be reviewed Tuesday night. Suddenly, “we'll think about it” sounds less like caution and more like a decision to lose the house. A competitive […]
5 Homes for Sale 60525 Buyers Should Compare
The lowest asking price rarely tells you which home is the best deal. In 60525, buyers need to compare the price per square foot with the property's condition, confirm the school assignment by address, judge whether the yard is genuinely usable, understand whether a home is publicly listed or still coming soon, and separate a […]