New Build Material Escalation Clause

[Brandon Galloway]

I’ll try this in the general forum.

Question for Realtors or anyone who has recently bought a home in this market. Have your clients been stung by an escalation clause? I am looking to go under contract with a Pacesetter home soon and was advised there’s a materials escalation clause. I’m wondering if anyone has actually had their contract price escalate during the middle of the build? Too my surprise most builders I’ve spoken with don’t have an escalation clause so I was surprised when Pacesetters told me they did.