Sellers turn to “bump clause” as resi market cools

As the residential market softens, sellers often turn to this tool to regain a bit of an edge: the bump clause. The bump clause allows certain sellers to continue marketing their home after entering into a contract with a buyer. The technique is often employed when the buyer’s offer comes with a proviso, like that they need to sell their current home first. The bump clause helps sellers pressure buyers into finalizing the deal or […]

source https://therealdeal.com/2018/07/10/sellers-turn-to-bump-clause-as-resi-market-cools/