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An escalation clause is basically an automatic bidding tool for your home offer.
Read MoreHow to Win a Bidding War Without Overpaying: Escalation Clauses
If you're putting together an offer on a house and wondering whether you can skip the earnest money, the short answer is yes, technically. There's no law that says you have to include it. But in practice, an offer without earnest money is almost always turned down.
Read MoreCan I Buy or Make an Offer on a House Without Earnest Money?