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Reply to "Escalation conspiracy?"
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[quote=Anonymous][quote=Anonymous]If realtors have good market data, they will have a reasonable sense of where the property should max out and will target that number for the top of the escalation to give their client the best shot at winning without having them wildly overpay. If everyone is valuing the property roughly the same way, the escalation clauses are probably somewhat similar and therefore the winning bid will max out their escalation. [/quote] +1 It's not an exact science but after a few failed offers last year as a buyer I was getting pretty good at guessing how much houses would go for (and declined to put offers on a couple of houses because we knew we wouldn't get them).[/quote]
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