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Reply to "Escalation Clause versus waiting to make a counteroffer?"
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[quote=Anonymous][quote=Anonymous]My experience is that the agents communicate verbally about the potential competition and may mishear (bad cell phone reception, new secretary, etc.) so we got the wrong information. The agents are picking up a call while doing something else, and may not really be checking notes. They are not typing into a portal or text message, so miscommunication happens more easily than if the numbers are written down. That said, the fall market moves more slowly so I might take a risk at this time of year and save some money. In a hot area in the spring, go with an escalation clause.[/quote] That is called negligence and those people should be permanently barred from being a real estate agent. They should also owe punitive damages to victims of their negligent behavior. [/quote]
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