Escalation Clauses in Real Estate

What is an escalation clause?

Escalation clauses typically have a cap.

Escalation clauses specify an amount to go over the next highest offer.

What an escalation clause often looks like in Hampton Roads (52-line form)

What an escalation clause looks like (much more brief) typically in SE VA outside of Hampton Roads (& which could be used in some other states, though be sure to confirm with the contract & with local law before use)

Proof of funds &/or preapprovals

Virginia Association of Realtors info on escalation clauses

Escalation clause special inclusions to consider depending on circumstances

When not to use an escalation clause

Related for Buyers:

1. Making an Offer on Real Estate

2. Buyers 

3. House Buyer Guide 

4. The Importance of Choosing a Great Buyer's Agent 

5. What to Look for in a Buyer's Agent for Your Home or Other Real Estate 

6. What Adam Offers Buyers

Related for Sellers:

1. Adam's Desired Offer Elements When Representing a Seller

2. Sellers

3. House Seller Guide

4. The Importance of Choosing a Great Listing Agent

5. What to Look for in a Listing Agent for Your Home or Other Real Estate

6. What Adam Offers Sellers 

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