Escalation Clauses: Your Secret Weapon in the Competitive Ann Arbor area Real Estate Market
Posted by The Spotlight Home Team on
In today’s competitive Ann Arbor real estate market, making your offer stand out can be challenging. However, savvy buyers use a strategy called the escalation clause to get ahead. Stick around until the end when I'll explain how an escalation clause can completely backfire on you—something I see inexperienced agents get wrong all the time.
What is an Escalation Clause?
An escalation clause is a provision in your offer that automatically increases your bid up to a maximum limit in response to competing offers. Think of it as your secret weapon in a bidding war, ensuring your offer stays competitive without overpaying.
Here's how it works: You find your dream home, but you're not the only one interested. To avoid getting outbid, you…
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