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San Francisco Bay Area
Reply to "Escalation Clause in Bay Area"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I moved to the Bay Area from DC. When I purchased my condo in DC I had an escalation clause. It does not exist out here in the Bay Area. Just purchased a house here. It's a bummer. You gotta just pick a number, basically the most you can afford.[/quote] +1 yep, former Bay Area resident. I'm sure you've heard of some houses going for $500K over asking. Back in 2000 when I sold my home there, all the bids were over asking by $100K or so. Again, this was back 2000, for a 1700sqft house. It's way worse now.[/quote] oh my.. it was 2010 not 2000. I keep thinking we are still in the 2010s. lol[/quote]
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