Reasons To Include An Escalation Clause
Posted by Wendy Atherton on Tuesday, October 5, 2021 at 12:11 AM
By Wendy Atherton / October 5, 2021
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In this market, buyers are wising up to ways they can make their offer stand out above the rest. One strategy? Including an escalation clause.
What is an escalation clause? Consider it the eBay of real estate. Let me explain.
An escalation clause automatically increases a buyer’s offer by a certain amount, say $5,000, each time another buyer makes a higher bid. It essentially eliminates the back and forth of offers and counteroffers.
If you’re looking to sell, it’s highly likely an escalation clause will come your way—which means top dollar for your home! Got questions? Reach out and let's connect. I'm here to serve YOU!
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