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Real Estate
Reply to "Escalation Clauses- Bidding wars"
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[quote=Anonymous][quote=Anonymous]Not a realtor but a buyer who looked into escalation clauses. I think the seller has to produce the offer at some point? Some listing agents just ask for best and final offers but I think they do go back to some buyers and negotiate price if they like their terms.[/quote] Yes, some agents ask for the "best/final". We tell them to show us a counter offer or we will stick with our escalator clauses. Shockingly, most of the time, nobody has a "higher offer" they are just trying to get you to escalate higher as a regular offer. IMO, you tell them to produce their highest offer with proof and then you go from there[/quote]
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