Contracts
An escalation clause in a NH purchase offer allows the buyer to:
AIncrease the offer price automatically above competing offers up to a stated maximum✓ Correct
BReduce the price if the property appraises lower
CExtend the closing date at will
DRequire the seller to make additional repairs
Explanation
An escalation clause (common in competitive markets like Nashua and Manchester) automatically increases the buyer's offer above a competing offer by a set increment, up to the buyer's maximum stated price.
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