Escape Clause: What Is It and When Is It Used?
Tuesday Jun 5th, 2018
ShareIf an Offer to purchase a property includes a condition of Financing or a Home Inspection, these conditions are typically written with a duration of 5 days. That means the Buyer has 5 days to either fulfill or waive the condition, in order to firm up the deal. If the Buyer cannot get the required funds or if the home is discovered to have a structural issue and the Buyer does not want to continue with the purchase of the property, the Buyer can be released from the contract and... [read more]