I just opened escrow for my first time buyers on their dream home in Carlsbad, and one clause made it happen👇🏽👇🏽 We were up against multiple offers. Instead of guessing a number and hoping it was enough… We wrote an escalation clause into our offer. Here’s how an escalation clause works: • You submit your offer at a set price • If another buyer offers more, your price automatically goes up by a set amount (for example, $5K or $10K above their offer, in this situation we did $2500) • It only goes up to a maximum you choose ahead of time • A well written clause (such as ours in this situation) requires the seller to show proof of the competing offer, so you’re never bidding against a ghost Why it matters: • You don’t overpay. You only go as high as the competition forces you to • You don’t lose the home by a few thousand dollars because you guessed too low • It shows the seller you’re serious and ready to compete What every buyer should know before using one: Set your c...