Escalation Clause…no..not a Mortgage Clause…A Real Estate Contract Clause

For home buyers locked in a heated bidding war, there is one weapon that may help ensure victory:

an escalation clause.

Simply put, the prospective Buyer places a clause in the offer that if any other Buyer places a bid for the property, this Buyer will pay $XXXX higher than the highest offer.

Source: WSJ February 14, 2018.

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