Quote:
Originally Posted by Blue Thunder
Escalation clauses in this market are more common that not. I just sold my brothers house on the North Shore of Massachusetts. House was shown over the course of just 3 days with a deadline set for offers. We had numerous offers, ALL for over the asking price. Most of them had escalation clauses in $2k, $5k, and $10k increments! House sold for $90k over asking price. Crazy times indeed.
My wife and I are strongly considering selling our home and renting. I recently retired and she is about 1-2 years out from retirement as well. It is very tempting....
BT
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Before you sell, be sure you can get a rental. That market is very tight. I know of one instance where a tenant moved out unexpectedly in November, usually a time when nobody wants to move. In the first 36 hours the realtor had 25 calls and several deposits/applications. This was a single family home. Big complexes and retirement communities may have extended wait lists.