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Real Estate
Reply to "Escalation Clauses- Bidding wars"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My sister is a realtor. Never ever do an escalation clause. They don't even have to produce another contract and they use an imaginary one to create a fake bidding war.[/quote] SMDH at the crap that gets thrown out about real estate and realtors. That is 100% incorrect. First of all you ABSOLUTELY have to provide the full offer that you escalated against. It’s literally written into the escalation clause verbiage - which by the way, is a legal document. And if what you are saying is that your “sister” is telling you this is how it works, or what she does, she’s an awful realtor and will eventually lose her license. I would report her immediately if I suspected this was going on -Realtor licensed in VA, MD, and DC [/quote] You are a liar. No one ever ask nor is shown it.[/quote]
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