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Reply to "Escalation clause questions"
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[quote=Anonymous] You can make your offer valid for a certain length of time (i.e. expires on X date at X time). The sellers may have a day or two to wait for other offers, but it forces them to decide quickly. Any time I've done an escalation clause, I've made the escalation for an odd amount ($1,379) - this can give you an edge over someone who only offers in $1,000 increments, assuming your escalation goes higher than the other offer. Not all markets require an escalation clause, though.[/quote]
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