Sharp Offers

We have noticed an increase in “sharp offers.”  A sharp offer is an offer which provides that a buyer will pay a certain amount over the next highest offer.  For example, a buyer prepares an offer which states, “Buyer will pay $1,000 over the next highest offer.”  We have concerns about claims arising out of sharp offers.  We have prepared a risk management tip and posted it to the CRELA website.  Please visit our website to review the article.

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