What Is the Price Escalation Addendum?
The price escalation addendum is a great tool we’re using to get our buyer’s offers accepted in the current real estate market. It’s a document in the offer that states a buyer is willing to pay X dollars over any other offer up to a maximum amount. We work with numerous buyers and sellers, so we know what tends to win. There are certain ways to work the escalation addendum to win the home you want. To learn more about this useful document, watch this short video.