Do You Want Your Offer to Escalate Against an Offer With a Home Sale Contingency

The useful part

10 Years Ago = Occasional escalation clauses, some home sale contingencies. The market was moving steadily, but we weren't frequently seeing bidding wars with escalation clauses. Thus, offers with home sale contingencies were typically being evaluated in isolation, not at the same time as another offer without one.

How it works

• 5 Years Ago = So many escalation clauses, very few home sale contingencies.
• It was the norm to be competing against other buyers, so many (or most?) offers had escalation clauses.
• Because the market was moving so quickly, buyers would rarely make an offer with a home sale contingencies.
• but it has an escalation clause up to $525K and it has a home sale contingency.) You adjust your offer to have an escalation clause up to $525K.

Details worth keeping

Let's go on a bit of a journey into the past... Now = Some escalation clauses, some some home sale contingencies. We are sometimes seeing home sale contingencies.