Bidding Wars And Escalation Clauses: What You Need To Know
In hot real estate markets, some home sellers are intentionally pricing their homes low in hopes of attracting multiple offers and drawing buyers into a bidding war. If you have found the home of your dreams and want to stay out of the bidding war, including an escalation clause in your offer is one of the best ways to help you get the home you want without having to go back and forth with bids.