After the fastest rise in mortgage rates for any four-month period since 1981, hot markets such as Austin and Riverside, Calif., are suddenly slowing. Buyers who once had to make on-the-spot offers now have time to shop and even negotiate. And some sellers are doing something unthinkable just months ago: slashing prices.

Bump Clause is one of those real estate terms that you may come across in a potential listing and think that it indicates a risk. Read more to learn more about them and how you may benefit as a buyer or seller.