- Aug 28, 2012
- Case-IH, Massey Ferguson & Kubota
Great opportunity for an escalation clauseA friend said she sold a house the other day for $50,000 over the asking price. Put it on the market and had 7 people try to buy it. They started bidding on it.
Said the bank had two houses over 1/2 million that were being built and is over 1/2 finished. The owners can not get any additional money, the contractor is being held up and the bank can not get paid. Not sure what will happen. He said that he was told that both houses would now be $100,000 over budget.
I sold my moms house after she passed and we had 3 people in a war over it. Made an extra 44,000 on the escalation clause alone.