Reply to Escalation conspiracy?

Forum Index » Real Estate

Reply to "Escalation conspiracy?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Just out of curiosity, has anyone ever won a bid with an escalation clause that did NOT go to the max? For both houses I have purchased (one in 2008 and one this year) both escalation clauses were fully maxed to win. It just seems remarkable that in each case there was one other bidder who just happened to be right under our max that triggered ours to go all the way. The first time, the realtor showed us what they said was the competing offer and it was literally a standard form with rather messy hand-written entries. It just left me feeling a little uneasy like there was some kind of collusion with the agents to max out the sale price. Wouldn't you know it, again this year, our escalation clause gets maxed out.

When I see properties like the CP that just went for $400k over at a point where most people agree that it is beyond what it realistically should be worth. I wonder whether there's some manipulation going on. I know I'm offending every agent on this board, but sorry, even buyer's agents have a conflict of interest in the real estate compensation system we have.[/quote]
One side will max before the other does. That's a certainty. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics