Meet the 'no cap' offer: Escalation clause to win a real estate bid - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Meet the 'no cap' offer: How one of Boise's top real estate agents modified an escalation clause to win his clients a house at $125,000 over ask

make a contractual provision in a home buyer's offer letter that seeks to outbid competition by a designated amount, the "no cap" offer means a buyer is essentially writing a blank check for a home — determined to successfully outbid any other offers on the table.

Bauscher used the example of a house being listed at $1.5 million, for which you could do an escalation clause beating any offer by $10,000, up to a max of $1.7 million. The 'no cap' would mean you are going to beat any competing offer for just what it sounds like, he said — without a cap.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A worldwide Jefferies survey reveals the 3 biggest threats to commercial real estate - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Three things; COVID19, Coronavirus and The Rona. This is some predicted stock pricing for OpenLearning=ASX$OLL Motley fool article on OpenLearning=ASX$OLL🚀
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Microsoft's TikTok bid fell apart and what's next for the company - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Ya buying tiktok seemed like a complete waste of time
Source: BusinessInsider - 🏆 729. / 51 Read more »

TikTok-Oracle bid faces last-minute national security concerns: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Watergate 2020 | JO-366 December 17, 2020 Supreme Court U.S. | 10CV10823EL August 17, 2010 Pathonatery Office Dauphin Co. PA | November 2, 2010 Election
Source: BusinessInsider - 🏆 729. / 51 Read more »

Workplace startup HappySignals used this pitch to win $5m investment - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dishoom's cofounder Shamil Thakrar: Four lessons to business success - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »