Summary answer: An escalation clause is a reasonable tool in Woodbridge, though given the market's more moderate average pace (48 days, slightly under list), it's most useful specifically on the "hot" listings drawing genuine multiple-offer interest.
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How an escalation clause works, in practice
| Component | Example |
|---|---|
| Base offer | $470,000 |
| Escalation increment | $1,500 above the next-highest verified offer |
| Escalation cap | $490,000 |
Where it's less necessary here than in hotter markets
Given the average home's more moderate pace, a lot of Woodbridge listings simply don't generate the intense bidding that makes an escalation clause worthwhile.
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