Buying a home, Tips and Tricks

What Is An Escalation Clause?

What Is An Escalation Clause?

In a competitive market, an escalation clause can be your secret weapon! 🚀 Here’s the breakdown:

It's an addendum to your offer stating you'll automatically increase your bid by a certain amount over a higher offer, up to a maximum price cap you set.

✅ It keeps you competitive without immediately showing your highest price.
✅ You define your limit so you don't overpay.
✅ It can help you win in a multiple-offer situation.

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