Paul Shreenan, REALTOR®  250.509.0920
FAIR REALTY (NELSON)

602 Baker Street Nelson, BC. V1L 4J4

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Escalation Clauses

I almost used an escalation clause. Perhaps my most compeling opening blog line ever. In a multiple offer situation on Kootenay Lake waterfront recently my buyer proposed we use an escalation clause, or a “referential purchase price clause” (RPPC). An RPPC pledges the Buyer will beat any bona fide offer it competes against by a…