Contracts
An 'escalation clause' in a Georgia real estate offer allows the buyer to:
AA. Automatically increase their price above any competing offer up to a maximum amount✓ Correct
BB. Escalate the closing date
CC. Increase the earnest money if the seller requests
DD. Escalate the due diligence period automatically
Explanation
An escalation clause allows a buyer to automatically increase their offer above any bona fide competing offer by a specified increment, up to a stated maximum price. This is a competitive strategy in multiple-offer situations.
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