Contracts
A Wisconsin WB-11 purchase offer that includes an escalation clause allows the buyer to:
AAutomatically reduce the purchase price if the appraisal comes in low
BAutomatically increase their offer by a specified increment above competing offers up to a maximum price✓ Correct
CEscalate their earnest money deposit if the seller requests it
DExtend the closing date automatically if needed
Explanation
An escalation clause in an offer automatically increases the buyer's offered price by a specified amount above the next-highest competing offer, up to a stated maximum, to help the buyer win a multiple-offer situation.
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