What is a Bump Clause in WI?
Purchasing a home is one of the most significant financial decisions an individual or family can make. While exciting, it also comes with a lot of paperwork and legal terminology. One term that homebuyers may come across in Wisconsin is a "bump clause." I'll explain what is a bump clause in WI, how they work, who benefits from them, and things to keep in mind when reviewing real estate contracts containing them. (more…)