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What is an escalation clause?

Posted on February 3, 2023 by Gary Fayerman

What is an escalation clause?

Now that you know what an escalation clause is, when do you use it?

➡️ Escalation clauses can be beneficial, especially in a seller’s market. If homes are selling fast, you’ll want something that can help your offer stand out in a competitive market and let sellers know you mean business. Therefore, the best time to use an escalation clause would be during a bidding war scenario.

Do you have questions? I'd be happy to answer them for you! Give me a call anytime!
Gary 'Mr Action' Fayerman
(403) 620-2800
mraction@telus.net

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