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Reply to "Escalation conspiracy?"
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[quote=Anonymous]As others have said, the competing bidder may have been higher still just not the one they went with. We bid on three houses, the two we lost sold at our offer price, not a penny more. Clearly we were cannon fodder. In the first case I think the other offer was a quicker close, in the second the seller wanted a rent back and we didn’t write that into our bid. Best case an escalation clause means your offer is nearly identical to someone else’s. After that it’s the seller’s choice. [/quote]
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