When does an escalation clause make sense on Ravenel?

An escalation clause makes sense on a Ravenel offer when a listing is drawing enough interest that multiple buyers are likely to compete, which is less common in Ravenel's smaller inventory but still happens on well-priced or waterfront parcels. It lets a buyer automatically increase their offer up to a set ceiling if a competing bid comes in, without overpaying if no other offer materializes. Brian Beatty advises Ravenel buyers on whether a specific listing is actually competitive enough to warrant one.