How to Make Your Offer Stand Out in a Bidding War
Focus Real Estate
In a hot real estate market with multiple offers, buyers need tools to stand out. One such tool is the escalation clause. Here's how it works: a buyer submits an offer, say $500,000, and includes a clause stating they’ll pay a certain amount—like $5,000—over the next highest bona fide, verifiable offer. So if another offer comes in at $510,000, their offer automatically escalates to $515,000.
This strategy gives buyers a competitive edge without overpaying upfront, and it ensures sellers get top dollar for their property. In a market with low inventory and high demand, this clause can be a win-win for both sides.
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