Winnipesaukee Forum - View Single Post

Descant · 03-08-2021, 11:00 PM

I know a young attorney who is currently in the buying mode and has made offers with an escalation clause, with a cap. He is also a licensed RE agent. His bid still wasn't enough due to his cap, but he is quite comfortable with the process and offer. If you ant to make such an offer, an hour with a lawyer who deals in RE is probably worth an hours fee. S/He should be reviewing all paperwork anyway, not just a RE agent. No matter how the deal works, realtors are on commission. The only un-connected party is your lawyer.

03-08-2021, 11:00 PM	#69
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,030 Thanks: 1,209 Thanked 1,509 Times in 982 Posts	Escalation clause? I know a young attorney who is currently in the buying mode and has made offers with an escalation clause, with a cap. He is also a licensed RE agent. His bid still wasn't enough due to his cap, but he is quite comfortable with the process and offer. If you ant to make such an offer, an hour with a lawyer who deals in RE is probably worth an hours fee. S/He should be reviewing all paperwork anyway, not just a RE agent. No matter how the deal works, realtors are on commission. The only un-connected party is your lawyer.