The Bidding Room
60 seconds
6 of 10
Small lessons.
A big move.
The big idea
What is an escalation clause?
An escalation clause beats other offers by a little, up to your max.
You never pay more than you need to, and never more than your max.
See it in an example
Example
One card, three offers.
Your card: $300,000 · beat any offer by $2,000 · up to $335,000
An offer at $305,000 → yours hops to $307,000.
An offer at $310,000 → yours hops to $312,000.
An offer at $334,000 → a $2,000 hop would pass your max, so the other offer is on top.
Take the quick check
Another offer comes in at $310,000. Your offer becomes…