About the Price Escalation Addendum
The Price Escalation Addendum to Agreement of Sale (Form PEA) allows buyers to automatically increase their purchase price in an offer by a set increment and up to a set maximum amount when there are competing offers for a property.
Using the Price Escalation Addendum
In some cases, buyers are willing to outbid a competitor in order to make the highest offer for a property. Submit Form PEA with a fully completed Agreement of Sale as an additional term of the agreement to increase the buyer’s initial offer, up to a certain amount, in case of multiple buyers.