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Real Estate
Reply to "Escalation Clauses- Bidding wars"
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[quote=Anonymous]When we sold our first house there were 8+ offers, some with escalation. I recall the eventual winner's agent emailed my agent on bid day to say something like "this seems likely to go over asking, huh" and the realtor just said "seems likely" and that was the extent of the hard sell from my agent. If you are one of two buyers and the other one arrived at the last minute then sure, be suspicious. But most people have no incentive to mess with you, and are not going to risk the deal falling through or risk their license/reputation as an agent. [/quote]
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