As some markets in New York and elsewhere around the country cool off, a new contract clause that allows a home seller to continue fishing for offers while in contract is gaining in popularity. The bump clause allows those sellers to “bump” an existing offer in favor of a better one should it come up, giving sellers more peace of mind, according to the Wall Street Journal. It can also be advantageous for buyers. The […]
source https://therealdeal.com/la/2018/07/05/in-cooling-markets-bump-clauses-are-becoming-a-popular-tool-for-agents/#new_tab
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