Summary answer: An escalation clause is a genuinely useful tool in Annandale, given the market's real competitiveness (102.3% sale-to-list, average of 3 offers per home). It's most valuable on well-priced listings in high-demand school pyramids drawing genuine multiple-offer interest.
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How an escalation clause works, in practice
| Component | Example |
|---|---|
| Base offer | $800,000 |
| Escalation increment | $2,500 above the next-highest verified offer |
| Escalation cap | $835,000 |
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