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[quote=Anonymous][quote=Anonymous][quote=Anonymous]fake offers, friends, none of that is necessary.  Just think of this like a game of cards, poker.  [b]An escalation offer shows your hand to the seller and both agents.  It announces to everyone what you're "willing" to pay.[/b]  Same for the other escalation offers.  The seller and agent(s) can now use this intel to form their own conclusions, to call it a day and settle, or milk it for more by countering the highest offer, or telling other escalators to make their "best and final."  Even if you have the highest escalation offer, you're not forced to fork over your money.  You can bow out before paying EMD and let the next highest offer go to the seller.  It's a semi-transparent way of chicken, buyer and seller probing comfort zones.  Very DC after all[/quote]

This!!!  A lot of people seem to think the offer process is this strict process where an escalation clause is very official.  It’s not.  You’re basically telling the other party what you’ll pay.  In a hot market they can easily just counter at your top price.  [/quote]

But they will know that you don't have a better offer.  Why would they pay the top of their escalation?[/quote]

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