Understanding Escalation Clauses: A Buyer’s Strategy in Real Estate Offers
In the competitive landscape of real estate, buyers are constantly seeking strategies to stand out and increase their chances of securing their dream home. One such tactic gaining popularity is the inclusion of escalation clauses in purchase offers. An escalation clause is a provision in a buyer’s offer that automatically increases the offer price if competing bids surpass it, up to a predetermined maximum. While this strategy can be advantageous in certain situations, it also comes with its own set...
