Buyers can specify their offer price in one of four different ways.
- Range Pricing with a minimum and a maximum. The minimum must be greater than or equal to the Starting Price. The maximum is the highest price that you are willing to escalate up to. In traditional real estate transactions, this is referred to as the "Escalation Maximum". The maximum would be reached only if competing offers escalate bidding that high.
- Upper Limit Pricing with only a maximum specified. This amount must be greater than or equal to the Starting Price and specifies the most you're willing to pay for the property. The maximum would be reached only if competing offers escalate bidding that high. Operates similarly to the Range pricing.
- Market Pricing that allows you to enter a bid that is higher than the current top offer. This is a one-time offer without any escalation. The market price is the bid that is next bid that is higher than the current highest bid (both price and terms. If you had previously submitted an offer with a escalation maximum, the escalation of the previous offer will be capped at the market price.
- Exact Pricing lets you specify an exact price without any maximum. You specify the exact amount of your offer. However, any exact price must be an improvement over the current highest offer (in both price and terms). If you had previously submitted an offer with a escalation maximum, that offer will be capped at the market price that you submit as part of your offer.