All About the Escalation Clause
Ron Cedillo
Multi-Family Investor | Capital Raiser | CCIM Designee | Entrepreneur & Broker | Founder: MI & IS (WOSB) & Lima Charlie (SDVOSB) |
You may have heard the term ‘escalation clause’ in our market. Do you have a good understanding of what it means? We’ve even come across agents who are a little confused by it, so today we’re explaining. An escalation clause is an agreement to pay a certain amount more than the highest offer the seller receives.