Frequently Asked
What is an escalation clause and should I include one?
Quick Answer
An escalation clause automatically increases a buyer's offer by a set increment above any competing offer, up to a stated maximum, and typically requires proof of the competing offer. It works best in a clearly hot listing with an announced offer deadline, but can prematurely reveal a buyer's ceiling in a slower or more ambiguous situation — a local agent's read on the specific listing matters here.
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