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Real Estate
Reply to "Escalation Clause versus waiting to make a counteroffer?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Where I've seen it useful and to the buyer's advantage is when the seller's agent announces that that are taking offers until a certain deadline (usually 2-3 days after going on the market). [/quote] Many times, I see house still listed after a week of so called deadline. Just ignore all these antics, make the offer when you are ready and make the offer with a price making sense to you.[/quote] As a seller, there were no antics. We did post a deadline once it was clear we would have multiple offers, and we did use the escalation clauses. I think the agent circled back to everyone before we ratified? But maybe not because it was basically immediate. There was no lying and it was all honestly very orderly. [/quote] It's perfectly fine in your case, but many times it's just antics. Comments were not about you specifically. It was a general comment.[/quote]
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