Charleston · Selling
What does an escalation clause actually do in a Daniel Island offer?
An escalation clause automatically raises a buyer's offer on a Daniel Island property by a set increment above any competing offer, up to a stated maximum, without the buyer having to guess the right number upfront. It requires proof of the competing offer for the clause to trigger, which some listing agents will not disclose. Brian Beatty advises buyers on when an escalation clause helps and when it just reveals too much to the seller.
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