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Anyone have any experience with something called an “escalation addendum” to an offer to purchase property? It states that the prospective buyer will raise his/her offer above other offers by specified increments until a maximum price is reached — just like an eBay auction. I’m working with a buyer who wants to use one of these in her purchase offer for a house … But I’ve never seen this used in NY state. It’s common in the DC area, apprarently. DOes anyone know anything about this? Any reason why this can’t or shouldn’t be used here?