An escalation clause is "whatever the highest offer is I'll pay you more. " It presumes that price is literally the only thing that matters.When you receive an offer with an escalation clause, should you accept the top dollar offer? Not necessarily, says our real estate expert. An escalation clause is a rider written into a purchase offer to assist an individual in beating out competing offers in real estate. It's totally up to the seller's discretion whether they will accept an offer with an escalation clause. An escalation clause is essentially a clause that you add to the contract either to your original contract or to a potential counter offer. An escalation clause, or escalator, is a section in a real estate contract that states that a prospective buyer is willing to raise their offer on a home. Let's say there's an escalation clause in what is accepted as a backup offer. An escalation clause is used in a Northern Virginia real estate contract when there is a lot of interest from other buyers in a certain property.

House Offer With Escalation Clause In Phoenix

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