Local real estate agents in Rhode Island are reporting a trend of buyers waiving financing contingencies and utilizing uncapped escalation clauses in order to secure homes in the Ocean State. This aggressive approach is a testament to the intense competition in the current housing market, where inventory shortages have driven up prices and made it increasingly challenging for buyers to land their dream homes.
Key elements of the text include:
– Local agents in Rhode Island
– Buyers waiving financing contingencies
– Use of uncapped escalation clauses
– Competitive housing market
– Inventory shortages
– Rising home prices
You can read this full article at: https://www.housingwire.com/articles/nothing-is-off-limits-for-buyers-looking-to-get-into-the-tight-rhode-island-market/(subscription required)
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