In multiple-offer situations, an escalation clause automatically increases your offer above the next-highest bona fide competing offer by a defined increment, up to a maximum you set. Used surgically, it wins homes without overpaying by tens of thousands.
Key Points
Trigger
Requires a documented competing offer to activate.
Increment & Ceiling
You set both — e.g., $2,500 over, up to $X.
Not Universal
Inappropriate in some markets; deployed only when the situation calls for it.
The Buyer's Checklist
- Trigger
Requires a documented competing offer to activate.
- Increment & Ceiling
You set both — e.g., $2,500 over, up to $X.
- Not Universal
Inappropriate in some markets; deployed only when the situation calls for it.