This is a YouTube video titled "📈 Price Escalation Clause 📈" containing a monologue or presentation from July 21, 2021, discussing strategies in the housing market, specifically explaining how a price escalation clause can help buyers in competitive bidding situations. The content features a single speaker providing an example scenario.
Things in the housing market that you may not know about. An interesting way to get your offer accepted in today's busy housing market would be a price escalation clause. I had this example earlier this morning. A gentleman was wanting to make an offer on a house for 300,000, but he had concerns that it might get into a bidding war and go a little bit above 300. He thought he might miss out. So what we're doing is he comes in at 300,000 with an escalation clause up to 310, saying he'll beat out any competing offer by $500, up to a total at a tap out amount of 310,000. So he doesn't overextend, but he doesn't miss out on the.
