Summary answer: An escalation clause is a genuinely useful tool in Burke, given the market's real competitiveness (77/100 "Strong" score, 54.8% above asking). It's most valuable on well-priced Lake Braddock pyramid or Burke Centre listings drawing genuine multiple-offer interest.
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How an escalation clause works, in practice
| Component | Example |
|---|---|
| Base offer | $710,000 |
| Escalation increment | $2,500 above the next-highest verified offer |
| Escalation cap | $745,000 |
Where it can work against you
- It reveals your ceiling
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