For all of you in Hot Markets here is the must have doc.

[Jay Hinrichs]

http://www.cbdanforth.com/docs/35E.pdf

I have used this successfully many times in hot markets agents will understand in .. in many markets agents will have never seen it.. and if your the first to use it you will win all your deals .. 

[Jay Hinrichs]

Originally posted by @Russell Brazil:

@Jay Hinrichs I sold one of my properties in Boston last year, and escalation clauses are not common there....so people were just bidding blind. I listed at $599k..I figured Id get $620k or so....one guy comes in way over the top at $650k, about $20k over the #2 offer of $630k.  

 in this case your the winner.. and you don't want them to know about this clause  LOL..  but so many on BP are trying to buy and now we see these threads help I am getting out bid all the time.. so I was just trying to show a doc that might help them. 

especially in low value asset land.. this could work well.